Stocks making the biggest moves midday: Bed Bath & Beyond, Carnival, Upstart and more

A security guard stands next to a Bed Bath & Beyond sign at the entrance to a New York City store location. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Bed Bath & Beyond — Shares of the retailer plummeted about 21% after the company missed revenue estimates and posted a wider-than-expected loss in the recent quarter. Bed Bath & Beyond also announced it is replacing CEO Mark Tritton. Carnival — Shares of the cruise line operator fell more than 14% after Morgan Stanley cut its price target…

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Stocks making the biggest moves premarket: Kohl’s, BJ’s Wholesale, Spirit and more

Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s reported adjusted quarterly earnings of 11 cents per share, well short of the 70-cent consensus estimate. Revenue was better than expected, but the retailer noted a tough sales environment as well as higher costs. Kohl’s shares fell 3.3% in premarket trading. BJ’s Wholesale (BJ) – The warehouse retailer jumped 5.8% in the premarket after an upbeat earnings report. BJ’s beat estimates by 15 cents with adjusted quarterly earnings of 87 cents per share. Revenue and comparable-store sales…

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Bath & Body Works shares fall as retailer cuts profit outlook due to inflation

Sale signs inside the Bath and Body Works store in Edmonton. On Thursday, January 6, 2022, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Bath & Body Works shares fell in after-hours trading Wednesday after the retailer cut its profit outlook for the year, in part due to expected increases in inflationary pressures. The stock fell more than 5% after hours, following an 8.6% decline during the trading day, amid a broader market selloff. The company said in prepared remarks that it has been facing higher costs…

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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 & Body Works’ board. The changes will be effective May 12. This is breaking news. Please check back for updates. Source link

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Victoria’s Secret is taking its beauty business to Amazon in its first-ever wholesale test

Beginning Friday, shoppers will find an assortment of roughly 120 Victoria’s Secret beauty items, including lotions and fragrances, on Amazon. Source: Victoria’s Secret Victoria’s Secret is taking its beauty business to Amazon, marking the lingerie company’s first major tie-up with another retailer to sell its goods. With Friday’s launch, about 120 different products including branded fragrances, lotions, body scrubs and body washes will be available on a new Victoria’s Secret “storefront” on Amazon, the company said. The intent will be to expand the offerings over time, based on what customers…

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Keep an eye on these 9 beaten-down retail stocks, Jim Cramer says

CNBC’s Jim Cramer on Friday offered a list of nine discounted retail stocks that he believes could be great additions to investors’ portfolios. “Today we saw many of these discounted retailers rally nicely, but it will take many more days like today before these stocks come close to being expensive again. So, I would give any one of these a look,” the “Mad Money” host said. Cramer’s comments come after the Dow Jones Industrial Average on Friday inched up 0.4% while the S&P 500 declined 0.27%. The Nasdaq Composite dropped…

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Victoria’s Secret is leaning more into comfort — and women are taking notice

Source: Victoria’s Secret At first glance, shoppers may be hard pressed to believe that Victoria’s Secret‘s new lingerie lineup is actually from Victoria’s Secret. In mid-February, the retailer unveiled its latest collection of bras and panties, known as Love Cloud. The line is focused on all-day comfort, with minimal frills, Victoria’s Secret said. The company also selected women of diverse backgrounds and body types — including its first-ever model with Down syndrome, Sofia Jirau — to star in the collection’s marketing campaign. The launch of Love Cloud is yet another…

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Jim Cramer’s 2022 outlook for the S&P 500’s 10 biggest winners last year

CNBC’s Jim Cramer on Monday shared his thoughts on how the S&P 500‘s 10 biggest winners in 2021 will perform in 2022. “The biggest takeaway should be the remarkable resurgence of the oils. Just as important, I think many of the S&P’s biggest winners can keep winning, even if they can’t all rival the incredible performances from last year,” Cramer said. 1. Devon Energy The “Mad Money” host said he believes Devon Energy, which gained nearly 179% in 2021, is well-positioned to see additional upside this year along with the…

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Stocks making the biggest moves midday: Beyond Meat, AMC, Tesla and more

Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Check out the companies making headlines in midday trading. GameStop, AMC Entertainment — Meme stocks rebounded from a steep sell-off in the previous session. GameStop last traded up about 1.2% after losing nearly 14% on Monday. AMC reversed 1.2% higher after dropping as much as 10% earlier in the day. The movie theater operator’s stock fell more than 15% in the prior session.…

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Stocks making the biggest moves midday: Nvidia, Kohl’s, Macy’s and more

Shoppers carry Kohl’s bags in Chicago. Christopher Dilts | Bloomberg | Getty Images Here are the companies making the biggest moves in midday trading: Nvidia — The chip giant saw its shares soaring more than 9% after the company beat earnings and sales expectations for the third quarter. Nvidia reported adjusted earnings per share of $1.17 and revenue of $7.1 billion. Analysts expected $1.11 earnings per share and revenue of $6.82 billion, according to Refinitiv. Its market cap surpassed $800 billion during Thursday’s rally. Kohl’s — Shares of the retail chain rose…

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