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October 22, 2021

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Ford CEO Farley says automaker’s stock has ‘tremendous upside’ even after doubling in his first year

CNBC
CNBC – For more and to sign up click here DETROIT – Ford Motor‘s stock price has more than doubled since Jim Farley became CEO a little less than a year ago, and yet he says the shares “absolutely” have more room to run as he begins to lay the......

With Best Buy a ‘top idea’ at Piper Sandler, two traders share their three favorite retailers

CNBC
CNBC – For more and to sign up click here Piper Sandler is betting big on Best Buy. Analysts at the firm called the stock “one of our top ideas,” saying its new membership program could be a game changer. The firm has an overweight rating and $150 target on......

Southwest Airlines’ next CEO says carrier will cut flights next year if staffing falls short

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CNBC – For more and to sign up click here A passenger checks in her luggage at the Southwest Airlines terminal at LAX. Mel Melcon | Los Angeles Times | Getty Images Southwest Airlines customers suffered hundreds of cancelations, delays and other disruptions this summer as the carrier struggled with......

Fewer deals and shipping delays: Here are some early predictions for the holiday season

CNBC
CNBC – For more and to sign up click here A person wears a face mask while carrying shopping bags in Columbus Circle on November 28, 2020 in New York City. Noam Galai | Getty Images Shoppers have shown an eagerness to spend on new clothes, electronics and jewelry, in......

Lowe’s earnings beat estimates, as home professionals help drive growth

CNBC
CNBC – For more and to sign up click here A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s outpaced earnings estimates on Wednesday, as projects by home professionals......

As homebuilder stocks sell off, analyst lays out key level to watch

CNBC Real Estate
Homebuilder stocks tumbled on Tuesday after a key sentiment gauge fell to its lowest level in the year. That decline was tied to higher material and labor costs that have impacted housing prices and dampened demand. Home Depot also weighed on the group after it fell short on quarterly comps.......

Dow futures fall slightly after 30-stock average snaps 5-day winning streak

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CNBC – For more and to sign up click here A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York, August 9, 2021. Andrew Kelly | Reuters Dow futures slipped slightly in overnight trading on Tuesday after the 30-stock average snapped a 5-day......

Home Depot says it sold out of an early drop of Halloween decor almost immediately

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CNBC – For more and to sign up click here A Home Depot store is seen in Washington, DC, on August 18, 2020. NICHOLAS KAMM | AFP | Getty Images Home Depot said Tuesday it quickly sold out of an early release of Halloween products, offering a signal that consumers......

Home Depot earnings top estimates as sales grow 8% on shoppers ringing up bigger tickets

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CNBC – For more and to sign up click here Customers wearing protective masks wait to check out at a Home Depot store in Pleasanton, California, U.S., on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot on Tuesday beat analysts’ estimates for its fiscal......

U.S. stock futures fall after Dow, S&P 500 close at record highs

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CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange. Source: NYSE U.S. stock index futures were lower during early morning trading Tuesday, after the Dow and S&P 500 closed at record highs during regular trading on Monday. Futures contracts......

The rally in recovery-focused stocks could depend on consumers and the Fed in the week ahead

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CNBC – For more and to sign up click here Investors bid up cyclical stocks in the past week, but the economy will have to prove that the reflation trade — a bet on economic growth — is the way to go as concerns about Covid linger. Markets are deep......

Bill Ackman still sees a massive economic boom despite the delta variant, says rates to rebound

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CNBC – For more and to sign up click here Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman said Monday that the spread of the delta variant doesn’t pose a significant threat to the economic reopening, seeing interest rates rising on......

Home Depot, Lowe’s amp up focus on home pros, as consumers swap DIY projects for parties, travel

CNBC
CNBC – For more and to sign up click here Home Depot has a flatbed distribution center in the Dallas area. It is opening more of the facilities across the country to help fulfill home professionals’ large orders. Melissa Repko, CNBC In a giant warehouse in Dallas, a fleet of......

Four Silicon Valley VC firms notched billion-dollar IPO wins on Thursday

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CNBC – For more and to sign up click here Jeff Tangney, CEO, of Doximity at the New York Stock Exchange for their IPO, June 24, 2021. Source: NYSE Every year, tech investment firm Index Ventures sends out a survey to the 400 or so companies in its portfolio to......

How bad are global shipping snafus? Home Depot contracted its own container ship as a safeguard

CNBC
CNBC – For more and to sign up click here A Home Depot location in Encinitas, California. Mike Blake | Reuters Home Depot is one of the largest importers in the country. Yet with congested ports, container shortages and Covid-19 outbreaks slowing shipments, the company made a decision: It was......

Walmart joins Target in saying stores will be closed on Thanksgiving Day

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CNBC – For more and to sign up click here Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey. Walmart saw its profits jump in latest quarter as e-commerce sales surged during the coronavirus pandemic. VIEW press | Corbis News | Getty Images Walmart......

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