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The Latest Breaking News from Supply chain

Wells Fargo Warns: Avoid These 3 Retail Stocks

The retail industry has been facing significant macroeconomic headwinds, including unprecedented supply chain disruptions and rising prices. Amid slowing consumer demand, Wells Fargo suggests avoiding retail stocks of Bed Bath & Beyond (BBBY), JOANN (JOAN), and Wayfair (W). These stocks are also rated Strong Sell or Sell in our proprietary…

StockNews.com

Read How Raymond James Shifts Ratings On Ulta Beauty & Sally Beauty Amid Inflation

Raymond James analysts Olivia Tong and Devin Weinstein have upgraded Ulta Beauty Inc (NASDAQ:ULTA) to Strong Buy from Outperform and raised the price target to $485 from $475, implying a 24% upside. The analysts believe the company has good prospects compared to its competitors amidst the volatile macro backdrop. They cited the high household income…

Benzinga

2 Alternative Energy and EV Supply Chain Stocks Offering Massive Long-Term Upside

The bear market has been very challenging for investors. Based on history, we are probably about 50% through. One productive activity for investors is to make a list of the stocks to buy on weakness. A category that will continue to grow even through a recession is alternative energy and…

StockNews.com

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Top Analyst Recommends These 2 Buy-Rated Freight Stocks

The coronavirus pandemic has led to a rise in freight costs, which are expected to remain elevated due to the war and the supply chain issues. Amid this, analyst Jason Seidl has recommended freight stocks Hub Group (HUBG) and XPO Logistics (XPO), which are rated Buy in our proprietary rating…

StockNews.com

McCormick Q2 Earnings Miss Street View; Cuts FY22 EPS Forecast

McCormick & Co Inc (NYSE:MKC) reported a second-quarter FY22 sales decline of 1.3% year-on-year to $1.54 billion, missing the consensus of $1.61 billion. Flavor solutions segment sales increased 10%, driven by the Americas and EMEA regions. Consumer segment sales declined 8%, reflecting lower volume and product mix. Gross profit was $523 million, with…

Benzinga

Earnings Miss, Margin Pressure, CEO Exit: Bed Bath & Beyond's Q1 Highlights

Bed Bath & Beyond Inc (NASDAQ:BBBY) reported a first-quarter FY22 sales decline of 25% year-on-year to $1.46 billion, missing the consensus of $1.54 billion. Comparable sales declined 23%. Adjusted gross margin contracted 1,110 basis points to 23.8%. Adjusted EBITDA loss was $(224) million, with the adjusted EBITDA margin at (15.3)% versus 4.4% last…

Benzinga

General Mills Stock Gains on Q4 Earnings Beat

General Mills Inc (NYSE:GIS) reported fourth-quarter FY22 sales growth of 8% year-on-year to $4.89 billion, beating the consensus of $4.81 billion. North America Retail segment sales increased 11% Y/Y to $3 billion. Pet segment sales increased 37% to $610 million, while International segment sales fell 21% to $750 million. Adjusted EPS of $1.12…

Benzinga

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Japanese Semiconductor Firm Bonds With India's Tata Motors For Advanced Chip Solutions

Renesas Electronics Corp (OTC:RNECY), a premier supplier of advanced semiconductor solutions, collaborated with Tata Motors Ltd (NYSE:TTM) and Tejas Networks Ltd. (Tejas), both Tata Group companies. The partnership builds on their longstanding relationship as technology and business partners. Also Read: More Trouble For Semiconductor Industry's Revival as Japanese Chipmakers See Engineers Shortage Renesas, with deep…

Benzinga

Australian egg producers say no shortages as consumers share photos of empty supermarket shelves

Australian egg producers say there are plenty of eggs in the market despite disruptions to the industry supply chain.

ABC News

Shop prices hit highest rate of inflation in nearly 14 years

Soaring supply chain costs and a cut in household spending is sending inflation sky high.

Daily Record

Here's Why Cognyte Software Shares Are Crashing Premarket

Cognyte Software Ltd (NASDAQ:CGNT) reported a first-quarter FY23 non-GAAP revenue decline of 24.7% year-on-year to $86.7 million, missing the consensus of $112.6 million. Segments: Software revenue declined by 51.8% Y/Y to $24.9 million. Software service revenue fell 9.7% Y/Y to $45.8 million. Professional service and other revenue increased 27.8% Y/Y to $15.7 million. The…

Benzinga

Some cities cancel Fourth of July fireworks because of shortages and fire concerns

Some major fireworks displays are canceled again this year — some over wildfire concerns amid dry weather and others because of enduring pandemic-related staffing and supply chain issues.

WEKU

GE CEO to take reins at its aviation business as comeback in airline travel is marred by supply chain bottlenecks, labor shortages

General Electric Co.’s chief executive officer will take on the additional job as CEO of its aviation unit, the Boston-based company announced Monday.

Tribune News Service

Is Bed Bath & Beyond A Buy Before Earnings This Week?

Leading specialty retail chain Bed Bath & Beyond (BBBY) has been battling global supply chain disruption, and a demand slowdown as consumer confidence remains dampened amid inflation. As its fundamentals continue to deteriorate, is it worth betting on the stock before its first-quarter earnings release this week? Read on.

StockNews.com

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2 Grill Companies Heat Up Last Week — Time To Buy?

Shares of Weber (WEBR) and Traeger (COOK) surged last week. However, can these stocks sustain the price rally amid the ongoing supply chain challenges, persistent inflationary environment, and increasing labor costs? Let’s discuss.

Benzinga

McDonald's Executive Shake-Up: What's On The Cards

McDonald's Corp (NYSE:MCD) CEO Chris Kempczinski announced several executive changes. MCD has appointed Ian Borden, currently President, International, as its next Executive Vice President and Chief Financial Officer, effective September 1. The current CFO, Kevin Ozan, has been promoted to Senior Executive Vice President, Strategic Initiatives, effective August 31. He plans to…

Benzinga

Read Why Needham Is Bullish On This Pet Care Retailer

Needham analyst Anna Andreeva upgraded Chewy Inc (NYSE:CHWY) to Buy from Hold with a price target of $55, implying a 44% upside. The analyst said the company had exceeded expectations in Q1 FY22 after missing consensus EBITDA for four quarters. Andreeva thinks the positive momentum continued in Q2 as the pet category was inelastic, with price increases sticking,…

The Independent UK

Some cities nix July 4 fireworks for shortages, fire dangers

The skies over a scattering of Western U.S. cities will stay dark for the third consecutive Fourth of July as some big fireworks displays are canceled again, this time for pandemic-related supply chain or staffing problems, or fire concerns amid dry weather

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Tribune News Service

Stellantis investment makes it 2nd largest shareholder in lithium supplier

Jeep maker Stellantis NV is investing nearly $53 million (50 million euro) into its European lithium partner in an effort to create a reliable supply chain of the critical mineral for electric-vehicle batteries.

The Guardian - UK

Banks and UK supermarkets accused of backing deforestation in Brazil

By funding and stocking products from Brazilian meat giant JBS, firms have also supported land-grabbing, investigation claims

StockNews.com

Time To Drop These Beaten Down EV Stocks

Despite solid sales growth over the past year, the electric vehicle (EV) industry is grappling with supply chain issues and a shortage of key raw materials. As supply constraints are not expected to be eased anytime soon, fundamentally bleak EV stocks NIO (NIO) and Lucid Group (LCID), which have plunged…

Benzinga

Here's Why Credit Suisse Sees Tesla Triumph Amid Odds

Credit Suisse analyst Dan Levy maintained Tesla Inc (NASDAQ:TSLA) with an Outperform and cut the price target from $1,125 to $1,000 (37% upside). Levy expected Tesla's 2Q deliveries of 242,000, missing the consensus of ~280,000 due to the Shanghai COVID shutdown. Moreover, given the lower delivery outlook, the associated margin impact, and an expected Bitcoin impairment, he…

Benzinga

Why USA Truck Shares Are Skyrocketing Today

Logistics service provider DB Schenker has agreed to acquire all outstanding shares of USA Truck Inc. (NASDAQ:USAK) for $31.72 per share in cash, valuing USAK at ~$435 million, including assumed cash and debt. DB Schenker is a subsidiary of Deutsche Bahn. DB Schenker aims to strengthen and expand USA Truck's presence in North America…

Tribune News Service

World’s dirtiest oil and gas fields are in Russia, Turkmenistan and Texas

Oil and natural gas fields in Russia, Turkmenistan and Texas are the most climate-damaging on Earth, according to a first-of-its kind analysis that looks at greenhouse-gas emissions across entire supply chains and finds they vary widely. The dirtiest fields emit more than 10 times as much carbon dioxide equivalent as…

Asharq Al-Awsat

Asian Markets Rise as Recession Talk Tempers Rate Hike Expectations

Stocks rose in Asia on Friday following another rally on Wall Street as investors try to process central bank moves to fight soaring inflation with the growing possibility that those measures will induce a recession. Global markets have been thrown into turmoil for months by a perfect storm of crises…

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