Tag Archives: Lowe's Companies Inc

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

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 time to get its own boat. “We have a ship that’s solely going to be […]

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

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 said Friday that its stores will be closed on Thanksgiving Day, joining big-box rival Target […]

After George Floyd was killed, retailers pledged to put Black-owned brands on shelves. Here’s how it’s going

Cora and Stefan Miller started a hair care company after they had their son, Kade, and struggled to find hair products for him. Young King Hair Care is now sold by Walmart and Target. When Cora Miller had her son, she discovered the baby had a full head of hair — and found few products […]

Kohl’s shares tumble despite the retailer’s strong sales beat and hiked outlook

Vehicles sit parked in front of a Kohl’s department store in Ashland, Ky. Luke Sharrett | Bloomberg | Getty Images Kohl’s shares tumbled Thursday, despite the company reporting fiscal-first quarter profit and sales that exceeded expectations and hiking its full-year forecast. It hinted at additional costs and supply chain headwinds that it may face in […]

Stocks making the biggest moves midday: Target, Lowe’s, Tesla and more

A woman leaves Target store on March 02, 2021 in New York. Emaz | Corbis News | Getty Images Check out the companies making headlines in midday trading. Target — Shares of the retailer advanced 6% after Target’s first-quarter results beat analysts’ expectations on the top and bottom line. The company earned an adjusted $3.69 […]

Lowe’s earnings beat on strong sales gains, see momentum into May

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 reported Wednesday that it continued to see strong demand for home improvement in the first quarter, buoyed by the growth of its business among contractors […]

Cramer’s week ahead: Retail earnings and consumer spending

Investors will get to learn more about the pandemic’s ongoing impact on the consumer economy as retailers prepare to issue quarterly earnings reports, CNBC’s Jim Cramer said Friday. The industry will have its time in the spotlight on Wall Street after the Commerce Department on Friday said that retail sales were unchanged in the month […]

Bill Ackman reveals 6% stake in Domino’s Pizza, shares jump

Billionaire investor Bill Ackman said Wednesday that his hedge fund built a 6% stake in Domino’s Pizza, swapping out its Starbucks bet. Ackman revealed Pershing Square sold Starbucks after the coffee chain’s swift rebound from the pandemic. At the same time, he picked up Domino’s shares following a pullback. “We sold Starbucks. It got to […]

Investors are being driven out of the flashy stocks into ‘boring’ names as the economy grows, Jim Cramer says

Many stocks that were up in Monday’s session will continue winning, while those that declined will likely keep melting down, CNBC’s Jim Cramer said. “The stocks that held up today are the ones that belong to companies with products that are in strong demand while supply remains limited,” the “Mad Money” host said. “It’s become […]

Cramer rejects Buffett’s stance on stock picking, endorses a hybrid investing model

CNBC’s Jim Cramer on Monday rejected Warren Buffett’s assertion that Wall Street’s new retail investors stay away from individual stock picking in favor of investing in index funds. “I respect Warren Buffett, but I’ll always be a Peter Lynch guy,” Cramer said on “Mad Money,” reacting to the comments from the Berkshire Hathaway chairman and […]

From stimulus checks to pandemic busts: How investors will gauge earnings in the quarters ahead

A shopper walks by shelves in the paper products aisle of a store in Burbank, California, November 19, 2020. Robyn Beck | AFP | Getty Images In a typical earnings season, the rules of the game for investors can be relatively simple: Rising profits and strong year-over-year sales growth signal success. That formula won’t work […]

Cyclical stocks are driving the market to new highs while momentum plays like Tesla and Zoom are stalling, Cramer says

The same high-flying stocks that drew investors to the stock market last year have left the newcomers out in the cold, CNBC’s Jim Cramer said Monday. “The house of pleasure has walls made of traditional stocks that hold up under scrutiny, but the house of pain has been falling apart,” the “Mad Money” host said. […]

Jim Cramer says Walmart is among the stocks that will do well in a ‘hybrid world’

CNBC’s Jim Cramer revealed on Wednesday a handful of stocks he thinks will do well in the emerging “hybrid world.” The “Mad Money” host is betting many people will maintain some pandemic routines as Covid-19 health restrictions ease and more offices reopen in the coming months. Because of this, Cramer recommended investors gain exposure to […]