Walmart won’t hold rival event to Amazon Prime Day

Walmart Rollback pricing signs are displayed while customers shop during the grand opening of a new Wal-Mart Stores location in Torrance, California. Patrick Fallon | Bloomberg | Getty Images Walmart will not be doing its own event to rival Amazon Prime Day this year, according to a company spokesperson. The big-box giant, like other retailers, … Read more

Apple, Dow, Amazon, CVS, Roblox, Netflix

Here are Friday’s biggest calls on Wall Street: Goldman Sachs upgrades Utz to buy from neutral Goldman said investors should buy the dip in shares of the snacks company. “We upgrade Utz to Buy, as we see an above average top and bottom line growth outlook given the company’s strong position in the attractive salty … Read more

As Americans splurge on dressing up again, retailers like Macy’s and Ulta benefit

A Nordstrom employee fixes a floral dress on a mannequin in one of the retailer’s department stores. Ben Nelms | Bloomberg | Getty Images Out with sweatpants, in with blazers, lipstick and eye-popping prints on dresses. Americans are sprucing up their wardrobes and spending more on dressier clothing, makeup and accessories as they start going … Read more

Gap, Apple, Tesla, Netflix, Citi, CVS, Ulta

Here are Friday’s biggest calls on Wall Street: Jefferies upgrades Ulta to buy from hold Jefferies said it’s turning more constructive on shares of Ulta. “We are reframing our thesis, upgrading to Buy with an ‘all clear’ signal re: make-up recovery, favorable channel shift, share gains, leverage on tighter costs & inventory, embedding freight cost … Read more

Dick’s Sporting Goods, Nordstrom, Wendy’s and more

Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading Wednesday. Dick’s Sporting Goods – Shares of the sporting goods seller jumped 11%, despite the company cutting its outlook … Read more

Dick’s Sporting, Express, Wendy’s and more

Check out the companies making headlines before the bell: Dick’s Sporting Goods (DKS) – The sporting goods retailer’s shares slid 14.4% in the premarket after it issued a weaker-than-expected outlook for the full year as it adjusts for what it calls challenging macroeconomic conditions. Dick’s reported better-than-expected profit and revenue for its latest quarter, and … Read more

Gap (GPS) reports Q4 2021 narrower losses, projects revenue decline

Sale signs are on display in the windows of a Gap retail location. Scott Mlyn | CNBC Gap Inc. on Thursday projected that its first-quarter revenue would decline year over year after sales during the holiday period came in below pre-pandemic levels. Supply chain snarls remain a headache for the retailer, which also owns the … Read more

With the stock market’s snapback, the focus shifts to Powell testimony and jobs report

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, January 26, 2022. Brendan McDermid | Reuters Federal Reserve Chairman Jerome Powell testifies before Congress in the week ahead, and markets will hang on to what he says regarding how the Ukraine conflict could impact Fed policy. Powell … Read more