3 reasons why executives are leaving retailers from GameStop to Gap

Shoppers explore a mostly empty mall in Columbus, Ohio. Matthew Hatcher | Getty Images Don’t expect the stream of departures from retailers’ C-suites to stop anytime soon. Already this year, Gap and Bed Bath & Beyond abruptly replaced their CEOs as the companies’ sales plunged. GameStop fired its chief financial officer in the middle of … Read more

Raymond James says Bath & Body Works is oversold and will jump nearly 70% from here

Bath & Body Works looks like one of the best deals for investors in the retail category, according to Raymond James. Analyst Olivia Tong initiated coverage of the stock with a strong buy rating, saying in a note to clients on Tuesday evening that shares of Bath & Body Works are oversold even if the … Read more

Stocks like Coinbase & Pinterest are buys in a recession

Anxious investors should bolster their portfolios with stocks that have the best chance to weather the market volatility and represent good long-term buying opportunities, analysts said this week. These companies have certain characteristics that Wall Street analysts believe will allow them to come out on the other side of the turbulence. CNBC Pro combed through … Read more

Salesforce, Delta, Albemarle and more

Pedestrians pass in front of the Salesforce Tower in New York. Victor J. Blue | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Salesforce – Shares of the enterprise-software maker jumped nearly 10% after the company’s stronger-than-expected quarterly earnings report. Salesforce also lifted its full-year earnings guidance, but reduced its … Read more

Capri Holdings, Salesforce, Weibo and others

Check out the companies making headlines before the bell: Capri Holdings (CPRI) – The parent of luxury brands, like Michael Kors, Versace and Jimmy Choo, saw its stock surge 11% in the premarket after posting better-than-expected quarterly numbers before giving back nearly all those gains. Capri earned an adjusted $ 1.02 per share, 20 cents … Read more

Victoria’s Secret (VSCO) Q1 2022 earnings beat

Shoppers are seen inside a shopping mall in Bethesda, Maryland on February 17, 2022. Mandel Ngan | AFP | Getty Images Victoria’s Secret reported a quarterly profit that topped Wall Street expectations on Tuesday, but warned that it could continue to face supply chain and sales challenges for the remainder of the year. The Ohio-based … Read more

Stocks moving most after hours: Salesforce, Ambarella and more

Salesforce Noam Galai | Getty Images Here are the stocks making notable moves in extended trading on Tuesday. Salesforce – Shares of the software giant rose 6% after Salesforce issued stronger-than-expected first-quarter results. The company reported 98 cents in adjusted earnings per share on $ 7.41 billion of revenue. Analysts surveyed by Refinitiv were expecting … Read more

These stocks are expected to generate loads of cash, Barclays says

As investors search for quality stocks after a choppy month for equities, Barclays has some buy-rated picks that are cheap and expected to generate lots of cash. On Tuesday, stocks struggled to find a direction in the final day of trading in May. All month, stocks have logged some wild moves, with the S&P 500 … Read more

Stocks could build on gains in the week ahead as investors await Friday’s jobs report

Stocks could carry the momentum of this latest rally into next week as investors look ahead to Friday’s jobs report. All three major indices scored big gains in the past week, each rising higher than 6%. Both the S&P 500 and Nasdaq Composite broke a seven-week losing streak, while it had been eight weeks of … Read more

Bath & Body Works CEO Andrew Meslow to step down due to health reasons

Pedestrians walk past a Bath & Body Works store. Craig Warga | Bloomberg | Getty Images Bath & Body Works Chief Executive Officer Andrew Meslow is resigning from his role due to health reasons, the retailer announced Thursday in a securities filing. Meslow will also be leaving his position as a member of Bath & … Read more