Highlight: "[Eddie] Lampert’s vision resembles his old vision that put Sears into the tank,"
@briansozzi
says about the former $SHLDQ CEO. "There is no vision here. We don’t even have an artist rendering of what these new Kmart and Sears will look like."
Breaking: Peloton buying fitness equipment maker Precor for $420 million.
So when you take a long overdue vacation in 2022, you may see a Peloton bike or tread in the dated hotel gym.
More on this live now:
@YahooFinance
$PTON
4 Takeaways from Earnings Out of Walmart, Target, Home Depot, Lowe's and TJ Maxx this week:
1) Inflation has gotten out of control.
2) Consumers trading down to cheaper private label brands.
3) Store workers hours are likely to be cut.
4) Home furnishings demand weakening.
Something you don’t see often: Microsoft’s Bill Gates, Google’s Ruth Porat and Salesforce’s Marc Benioff sitting next to each other talking shop (or in this case, climate change at
#wef22
)
Starbucks says "modifiers" like putting "cold foam" on a coffee are now pulling in about $1 billion in sales a year.
Cold foam. On a Coffee. $1 billion.🤯
"We are upgrading our rating from Sell to Neutral after Apple posted another large beat and implied a raise vs. our June revenue expectations. Our original view that the iPhone cycle would disappoint in the midst of COVID was clearly wrong."
Goldman on Apple $AAPL
The 69 new highs in the market today -- while the Dow blew up -- are some of your favorite dividend stocks:
1. Verizon
2. McDonald's
3. Hormel
4.Kohl's
5. Aetna
6. Procter & Gamble
7. Coca-Cola
8. Clorox
On Bed Bath & Beyond conference call.
One take: here comes some major discounting at the stores. If you want 85% off towels or blenders, $BBBY will be your go-to this fall.
Quick, easy solution to save J.C. Penney:
1st floor becomes Amazon pickup and return center.
2nd floor becomes a Home Depot.
3rd floor becomes a Planet Fitness.
4th floor becomes 50% Aldi and 50% J.C Penney.
Company renamed:
J.C. Penney & Friends
$JCP
Kanye West threatens to walk away from his partnership with $GPS.
Gap’s management “could have done better,”
@BrianSozzi
says. “This is the most exciting thing that's happened to your brand in some time... now you have a fractured relationship and it probably will not end well.”
Good advice from
@jpmorgan
CEO Jamie Dimon:
“Study everything. Learn, learn, learn. Don't get rigid in how you think. I've been reading four to five newspapers a day for like 30 years. Be open minded when you look at an issue, assess the whole issue.”
More from our chat on…