Business
Bank of America makes Costco a top pick because of food inflation
Bank of America named Costco a top pick because of rising food inflation, and expects shares have further upside from here. “We expect high food inflation to drive continued share gains for the warehouse club channel (including Costco) given the strong value proposition and price positioning on overlapping SKUs vs. mass and traditional grocery,” analyst […]
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Cowen downgrades Carvana, cites ‘lengthened’ path to profitability in a difficult macro environment
A “lengthened” path to profitability has Cowen concerned over the long-term trajectory of battered used vehicle stock Carvana . Analyst John Blackledge downgraded the company to market perform from outperform in a note to clients Monday. Carvana shares dipped slightly in the premarket. “CVNA has not met ’22 profit targets while carrying a significant debt […]
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Fanatics, Nike take sports merchandise model global in deal with Yomiuri Giants, Japan’s most popular baseball team
A woman browses a merchandise shop in Tokyo Dome ahead of the Japan Central League baseball match between Yomiuri Giants and Hiroshima Carp on October 14, 2020 in Tokyo, Japan. Carl Court | Getty Images Sport | Getty Images Sports commerce platform Fanatics is expanding a recently signed long-term partnership with Nike to include manufacturing and distribution […]
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Best Buy sticks to holiday-quarter outlook as electronics demand holds up
A customer watches as Best Buy employees load his new television into his car during the state’s sales tax free weekend, beginning on Saturday. Erin Clark | Boston Globe | Getty Images Best Buy on Tuesday surpassed Wall Street’s expectations for quarterly earnings, as inflation-dented demand for pricey consumer electronics came in better than feared. […]
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5 things to know before the stock market opens Tuesday
Trader on the floor of the NYSE Source: NYSE Here are the most important news items that investors need to start their trading day: 1. For the birds There are still two more trading days until Thanksgiving, but things are already slowing down on Wall Street. Stocks slid during a low-volume session Monday as investors […]
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Two companies have luxury trains called the ‘Orient Express.’ Here are the differences
The “Orient Express” has been called the “king of trains” and the “train of kings.” Royalty, writers, actors and spies have ridden the original route between Paris and Istanbul, which started in the late 19th century. Author Agatha Christie described the Orient Express as “the train of my dreams.” She set a bestselling murder mystery […]
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Cramer’s lightning round: You ought to pass on Medical Properties Trust
Howmet Aerospace Inc: “I think aerospace exposure is incredibly important, and Howmet will give it to you.” UiPath Inc: “I actually believe in the company, but that company is losing money. … I am not going to compromise and suggest a company that is losing money.” Coupa Software: “They’ve been losing too much money, and […]
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Charts suggest the S&P 500 will rally in December, Jim Cramer says
CNBC’s Jim Cramer said Monday that stocks in the benchmark S&P 500 will likely rally next month. “The charts, as interpreted by the legendary Larry Williams, suggest that the Santa Claus rally is coming to town next month and you’ve got to get ready for it, or else you may be left behind,” he said, […]
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Iger announces first big moves in new tenure as Disney CEO: Restructuring and departure of Chapek right hand Kareem Daniel
Bob Iger attends the World Premiere of Walt Disney Studios Motion Pictures ‘Avengers: Endgame’ at Los Angeles Convention Center on April 22, 2019. Jeff Kravitz | FilmMagic, Inc | Getty Images Bob Iger, less than 24 hours after returning to the helm of Disney, told employees Monday that the company would be undergoing a restructuring […]
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Jim Cramer says he’s bullish on Disney after Iger’s return as CEO
CNBC’s Jim Cramer said Monday that he’s sticking by Disney after the company welcomed Bob Iger back to the chief executive role. “Disney’s the defining story of the day. This is a good example of how you can stick with an iconic company … and make money when they bring in a better leader. And […]
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