Eli Lilly says Indiana’s abortion law will lead the drugmaker to grow in other states

An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. Mike Segar | Reuters Drugmaker Eli Lilly, one of the biggest employers in Indiana, said that the state’s newly passed law restricting abortions will cause the company to grow away from its home turf. … Read more

Morgan Stanley downgrades Levi Strauss as macro headwinds pressure earnings

The outlook is murky for Levi Strauss going forward, according to Morgan Stanley. “Macro uncertainty + elevated apparel inventory could limit positive EPS revisions,” wrote analyst Kimberly Greenberger in a note to clients Thursday. “So while our constructive thesis & estimates are unchanged, we downgrade to EW.” The downgrade makes Morgan Stanley the only Wall … Read more

Top Wall Street analysts say buy stocks like Levi’s & Palo Alto

Levi Strauss & Co. CEO Chip Bergh rings the opening bell on the New York Stock Exchange (NYSE) during the company’s IPO in New York, US, March 21, 2019. Lucas Jackson | Reuters More than two weeks into the third quarter, the economic environment and near-term outlook continue to be tense and murky. However, bear … Read more

Clothes are expensive even as retailers try to clear inventory

A customer shops for shirts at an American Eagle Outfitters store in San Francisco. David Paul Morris | Bloomberg | Getty Images Excess inventory has racked up in many retailers’ warehouses and stores. But shoppers are still paying more as they refresh the closet. Apparel prices rose 0.8% in June compared to May, and 5.2% … Read more

5 things to know before the stock market opens Friday, July 8

Traders on the floor of the NYSE, July 6, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Can stocks stay on a winning streak? The S&P 500 has posted gains for four straight trading days heading into Friday’s session, offering investors glimmers of hope … Read more

Levi Strauss, GameStop, Twitter and more

Check out the companies making headlines before the bell: Levi Strauss (LEVI) – Levi Strauss rallied 3.9% in the premarket after reporting better-than-expected sales and profit for its latest quarter, helped by higher prices and strong demand for its denim offerings. Levi Strauss also raised its quarterly dividend by 20%. GameStop (GME) – GameStop fell … Read more

Levi Strauss hikes dividend as Q2 earnings exceed expectations

A sign is posted in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Levi Strauss on Thursday reported quarterly revenue and earnings that came in above Wall Street expectations, as the clothing company known for its denim said … Read more

Stock futures inch higher after another losing week on Wall Street

Traders on the floor of the NYSE, July 1, 2022. Source: NYSE Stock futures inched higher in overnight trading after the major averages finished another losing week. Stock futures tied to the Dow Jones Industrial Average rose 18 points or 0.06%. S&P 500 futures inched 0.18% higher, and Nasdaq 100 futures added 0.43%. The moves … Read more

Stock picks for the second half

Wall Street analysts named a handful of buy-rated stocks this past week as must-own stock picks for the second half of the year. These defensive companies have characteristics that will carry them through any additional economic and market turmoil, analysts said. CNBC combined through recent Wall Street research to find the top buying opportunities as … Read more

Recession fears flare and jobs report looms as markets head to Q3

Traders work on the floor of the New York Stock Exchange. SNEEZE Investors are greeting the third quarter with greater trepidation about a recession, and that makes next Friday’s June jobs report a potentially bigger catalyst for markets than it might otherwise have been. The jobs report and Wednesday’s release of minutes from the Federal … Read more