Value investor Mason Hawkins loads up on GE and a surprising tech name

Value investor Mason Hawkins loaded up on General Electric in the second quarter, and also took up a stake in growth name Alphabet . Hawkins’ Southeastern Asset Management, which operates a suite of mutual funds called Longleaf Partners Funds, stepped up its General Electric shares by 12% last quarter, according to InsiderScore. In the three-month … Read more

What this week’s retail earnings tell us about Costco, Amazon and Apple

Target (TGT) missed on earnings. Lowe’s (LOW) provided mixed results. Home Depot (HD) fared better. Walmart (WMT) beat estimates but warned its customers were focusing more on lower prices. Results were all over the map for this week of retail earnings. But dig a little deeper, and there were some very clear themes — regardless … Read more

4 takeaways from the Investing Club’s ‘Morning Meeting’ on Thursday

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments: Cisco Systems looking strong Quick takes on Bullpen: SBUX, EL Prepare to pounce on Nvidia Still a chance to buy Pioneer 1. Cisco Systems looking strong Cisco Systems (CSCO) beat … Read more

Kohl’s, BJ’s Wholesale, Estee Lauder and more

Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s shares slid 7.2% in the premarket after the retailer cut its full-year forecast due to increased promotional activity and higher costs. Kohl’s most recent quarter beat Street forecasts for revenue and profit. BJ’s Wholesale (BJ) – The warehouse retailer beat estimates by … Read more

Kohl’s (KSS) reports Q2 2022 earnings

People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s on Thursday again slashed its financial forecast for the year, saying that its middle-income customers have been particularly pressured by higher inflation, putting a damper on sales. Chief Executive Officer Michelle Gass said in … Read more

Stocks making the biggest moves after hours: Cisco, Wolfspeed & more

A sign bearing the logo for communications and security tech giant Cisco Systems Inc is seen outside one of its offices in San Jose, California, August 11, 2022. Paresh Dave | Reuters Check out the companies making headlines in after hours trading: Cisco — Shares of the networking company advanced more than 3% following Cisco’s … Read more

Bed Bath & Beyond, Krispy Kreme, Target and more

Scott Olson | Getty Images Check out the companies making the biggest moves midday: Target — Shares of the retailer slid more than 2% after its earnings missed Wall Street expectations by a wide margin. The company said its quarterly profit fell almost 90% from a year ago. However, Target reiterated its full-year forecast and … Read more

Norway’s sovereign wealth fund loses $174 billion in first half

Norway’s central bank, also known as Norges Bank, in Oslo, Norway. Kristian Helgesen/Bloomberg | Bloomberg | Getty Images Norway’s sovereign wealth fund, the largest in the world, had a loss of 1.68 billion Norwegian kroner ($174 billion) in the first half of 2022, as stocks markets more broadly saw a tumultuous six months. The $1.3 … Read more

Lowe’s (LOW) earnings Q2 2022

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 on Wednesday reported second-quarter earnings that beat analysts’ expectations, although revenue fell short. The company said sales to do-it-yourself customers were hurt by the shortened … Read more