Consumer Discretionary

Earnings Preview: Southwest Airlines

/ / Consumer Discretionary /

Southwest Airlines (NYSE:LUV) is set to give its latest quarterly earnings report on Thursday, 2024-01-25. Here’s what investors need to know before the announcement. Analysts estimate that Southwest Airlines will report an earnings per share (EPS) of $0.12. Southwest Airlines bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

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Target Announces Michael Fiddelke as Chief Operating Officer

/ / Consumer Discretionary /

Target Announces Michael Fiddelke as Chief Operating Officer PR Newswire MINNEAPOLIS, Jan. 18, 2024 Retailer also shares retirement plans for Don Liu and updates to merchandising leadership MINNEAPOLIS, Jan. 18, 2024 /PRNewswire/ — Target Corporation (NYSE: TGT) today announced that Michael Fiddelke, who has served as the retailer’s chief financial officer since Nov. 1, 2019, has been named chief operating officer, effective Feb. 4, 2024. Until his replacement is named, Fiddelke will continue to serve as chief financial officer for the company. As chief operating officer, Fiddelke will oversee the retailer’s nearly 2,000 stores, its global supply chain network, fulfillment services including same-day delivery with Shipt, network capacity planning, enterprise operations, the teams responsible for building and remodeling Target stores and other facilities, and flight services. “With his 20 years with the company, spanning roles across our business and most recently as our chief financial officer, Michael brings a diverse

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Tesla (NASDAQ:TSLA) Stock Analyst Ratings

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Tesla (NASDAQ:TSLA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 14.58% Barclays $260 → $250 Maintains Equal-Weight 01/16/2024 60.42% Wedbush → $350 Reiterates Outperform → Outperform 01/02/2024 — Oppenheimer Reiterates → Perform 12/27/2023 74.17% Morgan Stanley $380 → $380 Reiterates Overweight → Overweight 12/22/2023 37.5% RBC Capital → $300 Reiterates Outperform → Outperform 12/22/2023 60.42% Wedbush $310 → $350 Maintains Outperform 12/18/2023 37.5% RBC Capital $301 → $300 Maintains Outperform 12/15/2023 -39.5% Guggenheim $125 → $132 Maintains Sell 12/14/2023 19.17% Deutsche Bank $275 → $260 Maintains Buy 12/01/2023 37.5% CFRA → $300 Maintains Buy 12/01/2023 37.96% RBC Capital → $301 Maintains Outperform 12/01/2023 7.71% Goldman Sachs $235 → $235 Maintains Neutral 12/01/2023 42.08% Wedbush → $310 Reiterates Outperform → Outperform 11/30/2023 74.17% Morgan Stanley $380 → $380 Maintains Overweight 11/30/2023 3.58% Truist Securities $226 → $226 Maintains Hold 11/28/2023 42.08% Wedbush

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Netflix’s Pricing, Paid Sharing Strategy to Drive Key Metrics Higher

/ / Consumer Discretionary /

Netflix’s upcoming results will likely come with 1Q guidance that is expected to point to continued topline acceleration, UBS analysts say in a research note. The streaming giant is forecast to keep leaning in on pricing this year after focusing on paid sharing in 2023, and even if this will drive moderating subscriber growth, it will improve average revenue per member, analysts say. UBS raises its target price to $560 from $500 on the prospects of paid sharing and a return to price increases. Shares rise 0.7% to $483.49.

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Starbucks Shares Under Pressure as H1 Same Store Sales Growth Softens, Wedbush Says

/ / Consumer Discretionary /

Starbucks’ (SBUX) soft same store sales growth in H1 may continue to put pressure on the company’s shares until there is improved visibility in H2, Wedbush said in a note Thursday. Wedbush said it believes that the company’s current valuation aligns with the lower end of management’s long-term targets, considering company-specific factors, on one hand, and “declining visibility into the impact of macro headwinds on near- and medium-term U.S. and International SSS growth rates,” on the other. Same store sales growth for fiscal Q1 is likely to be slightly below to in-line with consensus of 6.2%, the note said. Wedbush lowered its estimate for fiscal Q1 Americas SSS growth to 5% from 6%, and also lowered fiscal-year 2024 Americas SSS growth estimate to 5.3% from 5.5%, the note said. The firm maintained Starbucks’ operating margin estimate for 2024 at 16.9%, which is slightly below the consensus of 17%, and also

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Netflix Set to See Growth in Q4, 2024 as Industry Raises Prices, Focuses on Licensing, UBS Says

/ / Consumer Discretionary /

Netflix (NFLX) is set to see growth in Q4 and 2024 since it benefits the most as the industry raises prices, consolidates platforms, reduces spending, and focuses on licensing, UBS said in a note emailed Thursday. Netflix is set to report its Q4 results on Jan. 23. Analysts, including John Hodulik, expect Q4 subscription growth of 9 million subscribers, largely in line with the previous quarter’s 8.8 million users. Guidance for Q1 is set to indicate continued growth, although subscribers are expected to be seasonally softer, but better year over year. The analysts predict the Q4 average revenue per user, or ARPU, to stay the same due to limited price increases, but expect 2024 ARPU growth to speed up from likely new price increases and accumulated benefits from paid sharing. The investment firm said that their estimate assumes Netflix will prioritize pricing in 2024, after focusing on paid sharing in

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Irobot Stock Plunges As Its Takeover By Amazon Likely Is Dead — Barrons.com

/ / Consumer Discretionary /

By Adam Clark Amazon’s $1.4 billion deal for Roomba-maker iRobot looks set to be blocked by European Union antitrust authorities. It’s only a small setback for the e-commerce giant but it’s a reminder that regulators are still skeptical over acquisitions made by big technology companies. Officials from the European Commission, the EU’s executive body, told Amazon at a meeting Thursday that the iRobot deal was likely to be rejected, The Wall Street Journal  reported, citing people familiar with the matter. Amazon and the European Commission both declined to comment on the report. iRobot shares were down 36% in premarket trading at $15.01 while Amazon shares were up 0.6%. Amazon struck a $61-a-share deal for iRobot in August 2022, a price that was later reduced to $51.75 a share. The acquisition would have extended Amazon’s line up of smart products, which include the Alexa virtual assistant, Ring doorbells, and Smart thermostats.

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Amazon.com, Inc. (AMZN) Stock Analyst Ratings

/ / Consumer Discretionary /

Amazon.com, Inc. (AMZN) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 35.78% Wedbush → $210 Reiterates Outperform → Outperform 01/09/2024 13.15% Stifel $173 → $175 Maintains Buy 01/09/2024 29.32% BMO Capital → $200 Initiates Coverage On → Outperform 12/21/2023 35.78% Wedbush $180 → $210 Maintains Outperform 12/01/2023 29.32% Oppenheimer $170 → $200 Maintains Outperform 12/01/2023 16.38% Wedbush → $180 Reiterates Outperform → Outperform 11/29/2023 13.8% Truist Securities → $176 Reiterates Buy → Buy 11/29/2023 13.15% JMP Securities → $175 Reiterates Market Outperform → Market Outperform 11/10/2023 35.78% Tigress Financial $204 → $210 Maintains Buy 11/02/2023 3.45% HSBC → $160 Initiates Coverage On → Buy 10/27/2023 1.51% DA Davidson $150 → $157 Maintains Buy 10/27/2023 22.85% Barclays $180 → $190 Maintains Overweight 10/27/2023 19.62% Rosenblatt $184 → $185 Maintains Buy 10/27/2023 3.45% Needham → $160 Reiterates Buy → Buy 10/27/2023 6.69% Telsey

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Starbucks (NASDAQ:SBUX) Stock Analyst Ratings

/ / Consumer Discretionary /

Starbucks (NASDAQ:SBUX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 7.29% Piper Sandler $107 → $100 Maintains Neutral 01/18/2024 1.93% Wedbush $100 → $95 Maintains Neutral 01/16/2024 — Gordon Haskett Downgrades Buy → Hold 01/16/2024 28.75% Morgan Stanley $112 → $120 Upgrades Equal-Weight → Overweight 12/20/2023 14.8% HSBC → $107 Initiates Coverage On → Hold 11/06/2023 13.73% Wedbush $100 → $106 Maintains Neutral 10/23/2023 24.46% Barclays $123 → $116 Maintains Overweight 10/19/2023 26.6% Deutsche Bank → $118 Initiates Coverage On → Buy 10/12/2023 7.29% UBS $110 → $100 Maintains Neutral 10/11/2023 9.44% Morgan Stanley $104 → $102 Maintains Equal-Weight 10/05/2023 7.29% Citigroup $104 → $100 Maintains Neutral 09/25/2023 11.58% Citigroup $112 → $104 Maintains Neutral 09/22/2023 14.8% TD Cowen → $107 Reiterates Market Perform → Market Perform 09/20/2023 14.8% TD Cowen → $107 Reiterates Market Perform → Market Perform 09/19/2023 14.8%

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