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☆ Barclays upgrades Ralph Lauren, a 'best-in-class' apparel name with growth opportunities
▼ + stars: | 2023-01-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

There's no better time to buy up shares of a solid apparel name with upside potential, according to Barclays. Barclays sees continued growth opportunities within Ralph Lauren's international, women's and digital-focused direct-to-consumer segments, viewing the latter as being able to protect the company from any weakness within the wholesale market. Kearney adjusted the firm's price target to $134 a share, suggesting that Ralph Lauren shares stand to rally as much as 14% from Thursday's close. Along with Ralph Lauren, Kearney assumed coverage of Calvin Klein parent-company PVH Corp , and upgraded shares to overweight from equal weight, citing improvement within North American markets. PVH shares rose more than 2% before the bell.

☆ Stocks making the biggest moves midday: Netflix, Coinbase, Alphabet, SVB Financial & more
▼ + stars: | 2023-01-20 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

SVB Financial — Shares surged 16%, a day after Wells Fargo said SVB Financial seems like the "deal of the century" and said the bank "remains the trusted partner of the innovation economy." SVB Financial also reported an earnings miss Thursday, but its fourth-quarter net interest of $1.05 billion beat StreetAccount's estimate of $1.01 billion. PPG Industries — Shares of PPG Industries climbed 5.2% after the company reported earnings that were in line with analyst estimates. PagerDuty — The software stock jumped more than 5% after being upgraded to overweight from equal weight by Morgan Stanley. Ally Financial — The financial stock rallied a whopping 19% after the company reported better-than-expected quarterly results.

☆ Here are Friday's biggest analyst calls: Netflix, Tesla, Apple, Coinbase, Tesla, Ralph Lauren & more
▼ + stars: | 2023-01-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Friday's biggest calls on Wall Street: Mizuho reiterates Amazon as buy Mizuho said it's standing by its buy rating on the e-commerce giant. Barclays upgrades Ralph Lauren to overweight from equal weight Barclays said Ralph Lauren is a "best-in-class" apparel brand. JPMorgan upgrades Regeneron to overweight from equal weight JPMorgan said it sees several positive catalysts ahead for the biotech company in 2023. JPMorgan reiterates Netflix as overweight JPMorgan said it sees growth potential after the company's strong earnings report on Thursday after the bell. JPMorgan reiterates Coinbase as neutral JPMorgan said Coinbase is a beneficiary of other company's challenges from the FTX fallout.

☆ Jim Cramer's top 10 things to watch in the market Friday: Google job cuts, Netflix delivers
▼ + stars: | 2023-01-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Salesforce (CRM) downgraded to market perform from outperform (hold from buy) at Cowen, which also cut its price target to $160 per share from $175. Barclays upgrades Ralph Lauren (RL) to overweight from equal weight (buy from hold); increases its price target to $134 per share from $101. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Stocks making the biggest moves premarket: Netflix, Alphabet, Nordstrom, PagerDuty and more
▼ + stars: | 2023-01-20 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Separately, Barclays upgraded shares of PVH , which owns Tommy Hilfiger and Calvin Klein brands, to overweight. Regeneron Pharmaceuticals — The pharmaceutical giant gained 1% in the premarket after being upgraded to overweight from neutral by JPMorgan. Nordstrom — Shares of the retailer fell 7% in premarket trading after Nordstrom announced that its holiday sales fell 3.5% year over year. Macy's — Retail stocks such as Macy's declined following disappointing holiday sales from Nordstrom. Correction: Nordstrom reported disappointing holiday sales numbers, not its latest quarterly figures.

☆ Accusations of a bro culture cloud Tiger Global's fundraising efforts after a $10 million settlement
▼ + stars: | 2023-01-14 | by ( Rebecca Ungarino | Dakin Campbell | ) www.businessinsider.com time to read: +6 min

Investors have learned of a $10 million settlement Tiger Global made to a former female employee. Investors don't really need another reason to shy away from Tiger Global Management after a year of terrible performance. The employee who settled with Tiger alleged that Tiger fostered a type of bro culture, led by men who prevented women executives from getting equal opportunities inside the firm. "Prioritizing these values in our day-to-day interactions inside and outside of Tiger Global has been the glue that has underpinned our success for the past 21 years. We remain committed to driving continuous improvement across Tiger Global as we look towards the future."

☆ 17 Gifts for the Ultimate New Year’s Eve Host
▼ + stars: | 2022-12-29 | by ( Sarah Medford | ) www.wsj.com time to read: 1 min

Photo: Clockwise from top left: Courtesy of Ralph Lauren, Courtesy of Carolina Herrera, Jonas Marquet, Andrew Lipovsky, Courtesy of Silvia Furmanovich, Courtesy of Abask, Courtesy of Carolina Irving & Daughters, Alfredo Paredes Studio, Courtesy of MatoukIn the PinkWhat to give the seen-it-all host? Something handmade, like this ceramic platter shaped and painted in Portugal by craftspeople who collaborate with Carolina Irving & Daughters. Gigi Pink Oval Platter by Carolina Irving & Daughters, $295. Period PieceFor the host who can’t stop channeling the ’60s, send a vintage Italian decanter dressed in a silverplate turtleneck. 1960s Italian Decanter, $1,235.

☆ Here are Monday's biggest analyst calls: Apple, Netflix, Disney, Microsoft, Robinhood, Gap & more
▼ + stars: | 2022-12-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Stifel names Microsoft a top 2023 pick Stifel said it likes Microsoft's "strong product portfolio" for 2023. Goldman Sachs downgrades Ulta to neutral from buy Goldman said in its downgrade of the stock that it sees difficult comps. Evercore ISI names Netflix a top idea for 2023 Evercore said it sees "robust revenue growth" for Netflix in 2023. " Goldman Sachs upgrades Gap to buy from neutral Goldman said in its upgrade of the stock that it sees accelerated earnings growth. Cowen names Take-Two a top 2023 pick Cowen said the video game maker has a great "long-term track record."

☆ UBS says PVH can rally more than 35% as Tommy Hilfiger parent transforms its business
▼ + stars: | 2022-12-08 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The fashion company behind brands such as Calvin Klein and Tommy Hilfiger should be in vogue for investors heading into 2023, UBS said Thursday. He said the market is too focused on macro and foreign exchange challenges to understand how PVH can drive relative outperformance compared to competitors. The main driver of its performance will be the "PVH+ Plan," which has the goal of making its brands premium, direct-to-consumer and global that move out of wholesale. On a more technical level, Sole said the company is also a top pick because of its "very attractive valuation." But he said fundamentals would improve along with the stock value, as the PVH+ Plan would help bring the operating margin up to 15% in 2025 from 8.5% in the 2022 fiscal year.

☆ How and where to use your travel points for a ski vacation
▼ + stars: | 2022-12-07 | by ( Jennifer Yellin | ) edition.cnn.com time to read: +23 min

Marriott Bonvoy ski vacation hotelsOf the three major hotel chains in the US, Marriott has the largest number of properties catered toward ski vacations. Points required: A Category 7 property, requiring 25,000 to 35,000 World of Hyatt points per night. Points required: A Category 6 property, requiring 21,000 to 29,000 World of Hyatt points per night. Points required: A Category 7 property, requiring 25,000 to 35,000 World of Hyatt points per night. Points required: A Category 6 property, requiring From 21,000 to 29,000 World of Hyatt points per night.

☆ Fashion brands can't keep up with the latest trends because of supply-chain chaos — and it's one more reason everything's on sale
▼ + stars: | 2022-12-02 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +4 min

Victoria's Secret execs said supply-chain woes meant it couldn't chase trends, adding to the pileup. Brands like Nike, Kohl's, and Ralph Lauren were laser-focused on shaving days and even weeks out of their lead times to be more responsive to consumer preferences. In 2017, Nike was trying to get 60-day lead times down to 10 days. Brands can't chase trends successfully if they lack any semblance of certainty on when goods will arrive — the pandemic certainly stripped that away. Victoria's Secret's chief financial officer, Tim Johnson, said on a Thursday earnings call that the company should regain the supply-chain confidence to chase trends next year.

☆ The exec behind Adidas' partnership with Kanye West just released a biodegradable sneaker expected to be a 'game changer' for the industry
▼ + stars: | 2022-12-01 | by ( Matthew Kish | ) www.businessinsider.com time to read: +5 min

The Unless shoe, which will retail for $139, was made in partnership with Natural Fiber Welding, which makes various materials from natural products, including plants and minerals. While other brands, including Allbirds and Camper, have worked with Natural Fiber Welding, Unless is the first to build a shoe from top to bottom with its materials. "What's unique about what Eric has done in the footwear industry is paid attention to every single component of the shoe," Natural Fiber Welding President Steve Zika told Insider. In April, Natural Fiber Welding announced an $85 million Series B investment round. Its investors include industry giants such as Ralph Lauren and Allbirds.

☆ Naomi Biden’s Wedding Sleeves Mark a Return to Timeless Style
▼ + stars: | 2022-11-28 | by ( Chavie Lieber | ) www.wsj.com time to read: 1 min

When Naomi Biden, the president’s 28-year-old granddaughter, wore custom Ralph Lauren for a rare White House wedding, one weather-appropriate detail stood out: her long lace sleeves. It looked like a nod to the buttoned-up bodice on the gown Grace Kelly wore to marry Prince Rainier III of Monaco. Despite the vanguard of current bridal designers producing more experimental silhouettes—jumpsuits, separates and nearly nude dresses—Ms. Kelly’s classic 1956 look keeps coming back. Among the brides who have emulated her style are Kate Middleton , actresses Lily Collins and Priyanka Chopra Jonas, socialite sisters Paris and Nicky Hilton, and model Jasmine Tookes, as well as legions of less-starry women who associate a high neck and covered arms with timeless glamour.

☆ The 11 Best Flannel Shirts for Men, According to Style Experts
▼ + stars: | 2022-11-27 | by ( ) www.wsj.com time to read: +5 min

By Rachel MoselyWhether your current climate is mild wintry bliss or more like cold-weather chaos, the flannel shirt can be a wardrobe hero this season. To find out, we asked fashion pros for their flannel favorites, from bold plaid and buffalo-check versions to subtler monochromatic pieces. Formal(ish) pickFor an elevated spin on flannel, consider this wool-cashmere option from Ralph Lauren, suggests New York City-based stylist Andrew Franco. Patchwork printA mix of multihued, cotton flannel panels gives this shirt an eye-catching effect. Pair the flannel with chinos, corduroys, denim or even sweatpants to “go all in on the skater look,” Tsui adds.

☆ Indigenous fashion designers, artisans challenge plagiarism on Mexico City runway
▼ + stars: | 2022-11-23 | by ( Aida Pelaez-Fernandez | ) www.reuters.com time to read: +3 min

MEXICO CITY, Nov 23 (Reuters) - Wrapped in colorful haute couture, artisans and indigenous designers took a Mexico City fashion event by storm, all while trying to carve out a sustainable future in an industry threatened by plagiarism, instability and lack of funds. World-renowned brands such as Ralph Lauren and Chinese fast-fashion company Shein have in recent months faced accusations of plagiarizing indigenous Mexican designs, threatening the country's ancient textile tradition. [1/10] Artisan Juana Bravo Lazaro from the Urupan indigenous community, attends the Original Mexican Textile Art meeting, in Mexico City, Mexico November 20, 2022. Plagiarism of ancient indigenous designs has drawn ire from Mexican President Andres Manuel Lopez Obrador. "They plagiarize designs from artisans and indigenous people from Hidalgo, Chiapas, Guerrero," he told a news conference last week.

☆ Take a look inside a 90-year-old London power station turned into a $9 billion 'urban village' with shops, restaurants, houses, and Apple's new UK campus
▼ + stars: | 2022-11-16 | by ( Grace Dean | ) www.businessinsider.com time to read: 1 min

There's a broad mix of stores, though, including also a showroom for electric-vehicle maker Polestar and one for electric-motorcycle maker Maeving. Many of the stores are high-end, including Ralph Lauren, Rolex, and Boss. Gordon Ramsay has a restaurant there, too. There are no budget stores in sight, and the site's biggest grocery retailer is Marks & Spencer, a higher-end choice associated with middle-class shoppers. Grace Dean/Insider

☆ Estee Lauder nears $2.8 billion deal to buy Tom Ford - FT
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +1 min

The luxury brand, founded by fashion designer Tom Ford, entered into exclusive negotiations with Estee Lauder this week and a deal could be announced as early as Monday, the FT reported. Estee Lauder and Tom Ford did not immediately respond to Reuters requests for comment. Earlier in August, the Wall Street Journal reported that Estee was in talks to acquire the luxury brand in what could be a $3 billion deal. The Journal later reported that French luxury group Kering(PRTP.PA) was also in advanced discussions to buy the fashion brand, competing with Estee. Tom Ford is known for its menswear, but also counts women's apparel, handbags, cosmetics and perfumes as part of its product line.

☆ UBS calls Ralph Lauren a 'turnaround stock,' sees fashion brand rallying 36%
▼ + stars: | 2022-11-11 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Changes in Ralph Lauren 's business make the clothing brand a good investment coming out of the pandemic, according to UBS. "We view RL as a strong turnaround stock," Sole said in a note to clients. "We think the market doesn't appreciate the transformational changes the company has made to its brand, distribution model, and cost structure." The stock has performed nearly in line with the S & P 500 , shedding 19.7% this year. Sole said Ralph Lauren could soon reach pre-pandemic levels by rolling back promotions, improving its supply chain and lowering expenses.

☆ Stocks making the biggest moves midday: Walgreens, Coinbase, Duolingo, Ralph Lauren and more
▼ + stars: | 2022-11-11 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Doximity — The online platform for medical professionals skyrocketed more than 27% after the company reported better-than-expected quarterly results. Walgreens — Shares rose 6% after an upgrade to buy from hold Deutsche Bank, which said it liked Walgreens' merger and acquisition plans. Duolingo — Shares of the foreign language learning platform lost 10% after the company reported revenue below expectations while also posting a smaller-than-expected quarterly loss. Wynn Resorts — The casino stock jumped more than 8% after China said it would ease some Covid restrictions, trimming quarantine time for international travelers by two days. General Motors — The automotive giant's stock jumped more than 6.3% after Citi reiterated the company as a top pick.

☆ Here are Friday's biggest analyst calls: Apple, Amazon, Coinbase, Carvana, Intel, Imax & more
▼ + stars: | 2022-11-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

UBS upgrades Werner to buy from neutral UBS said it sees upside for several trucking company names. "We are upgrading three truckload names to Buy from Neutral including HTLD, WERN , and SNDR and reiterating our Buy on KNX. Bank of America reiterates Amazon as buy Bank of America said reports of a cost cutting review at Amazon are a "positive." JPMorgan reiterates Silvergate as overweight JPMorgan said the crypto company's exposure to FTX is overblown. JPMorgan reiterates Netflix as overweight JPMorgan said it has "increased conviction" in shares of the streaming giant.

☆ Makers of Pricey Handbags, Clothing Warn of a Slowdown
▼ + stars: | 2022-11-10 | by ( Suzanne Kapner | ) www.wsj.com time to read: 1 min

Shoppers continued to snap up expensive handbags and clothes from Michael Kors, Coach and Ralph Lauren in the recent quarter. But there were signs of a slowdown in the U.S. and China over a range of factors that include inflation, a strong dollar and China’s stringent Covid-19 policies. Michael Kors parent Capri Holdings Ltd. and Tapestry Inc., which owns Coach, lowered guidance for their current fiscal years.

☆ American Luxury Brands Just Keep Raising Prices
▼ + stars: | 2022-11-10 | by ( Jinjoo Lee | ) www.wsj.com time to read: 1 min

U.S. luxury brands have done a seamless job over the past few years of raising their prices along with their cachet with customers. So far, major companies in the space still look as sharp as ever. Coach-owner Tapestry on Thursday said its revenue grew 5% in its quarter ended Oct. 1 compared with a year earlier in constant-currency terms. Ralph Lauren saw its constant-currency revenue grow 13% over the same period, well exceeding Wall Street expectations. Capri Holdings , owner of Michael Kors and Versace, said Wednesday its revenue increased 17.5% on the same basis.

[1/4] A signage is seen in the offices of Tapestry, Inc., in Manhattan, New York, U.S., November 19, 2021. Accessible luxury brands such as Michael Kors and Ralph Lauren are likely to feel a bigger pinch than higher-priced brands, as their young core customer base looks for deals at the lower end of the fashion spectrum. Ralph Lauren said its holiday quarter revenue would be hit by slowing demand in North America and Europe, where soaring energy costs are also pinching consumer wallets. Tapestry and Ralph Lauren also warned a stronger dollar would hit their earnings. Ralph Lauren shares, which have lost almost a quarter of their value this year, rose about 5% in premarket trading after the company beat second-quarter sales and profit expectations.

☆ Morning Bid: Consumer inflation, crypto deflation
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +5 min

Annual consumer price rises are expected to have eased back a touch last month to 8.0%, the lowest since February, with core inflation rates ticking lower to 6.5%. Falling used car prices, one aggravator of inflation indices over the past year, will be watched closely - as will the relative calm in oil prices. Minneapolis Fed President Neel Kashkari said it's "entirely premature" to discuss any pivot away from the Fed's current policy course. Broader markets were steady to negative around the world, mostly in a holding pattern ahead of the inflation report. The United States and China also laid out markers this week ahead of an expected meeting between their presidents at the summit.

☆ Inflation, Recession Fears Have Some Holiday Shoppers Trading Down
▼ + stars: | 2022-11-06 | by ( Suzanne Kapner | ) www.wsj.com time to read: 1 min

Many shoppers are trading down to less expensive clothing and accessories—swapping Lululemon leggings for Uniqlo and expensive lingerie for Target bras and panties—as inflation eats into their disposable income and a rocky stock market erodes their wealth. The downshift raises concerns about the coming holiday season, historically a time when many people splurge on designer handbags, fine jewelry and other extravagant purchases for themselves or loved ones. Investors will get updates on shopping attitudes this week when Ralph Lauren Corp., Michael Kors parent Capri Holdings Ltd. and Tapestry Inc., the owner of Coach, report their latest results.

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