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Automotive replacement parts and accessories retailer AutoZone (AZO) , one the single best performing stocks in the world since its IPO 33 years ago in 1991, has been range bound the past 9 months, substantially underperforming its sector (consumer discretionary) and underperforming the market. The opportunity here and now, by our work, is to buy AutoZone as a "catch up" trade, playing for a prospective breakout from the range in which it's been mired since March. We're buyers here for a breakout to new 52-week highs... We're buyers here for a breakout to new all-time highs... -Carter Braxton Worth For actionable recommendations via email and live nightly videos become a member at worthcharting.com DISCLOSURES: (none) All opinions expressed by the CNBC Pro contributors are solely their opi...

Lululemon's U.S. growth is continuing to slow, but the athletic apparel retailer is making big gains abroad, leading to a 9% increase in sales year over year.The yoga pants company on Thursday beat Wall Street's expectations on the top and bottom lines and said it's "pleased" with the start to the holiday season. Still, on a call with analysts, CEO Calvin McDonald took a cautious tone when discussing the company's fourth-quarter outlook."While we feel good about the start of the holiday season, we still have large volume weeks in front of us," said McDonald. "Given the shorter holiday shopping season, we continue to be thoughtful in our planning for quarter four overall."Here's how Lululemon performed in its fiscal third quarter compared with what Wall Street was anticipating, based on a s...

Signage is displayed on an oil storage tank at the BP-Husky Toledo Refinery in Oregon, Ohio, U.SLuke Sharrett | Bloomberg | Getty ImagesBP is seeking buyers for a stake in its U.S. natural gas pipeline network, four people with knowledge of the matter said.The British energy company could raise up to $3 billion from the sale, two of the people said, with one of them adding that BP may sell up to a 49% stake in the business.The sale process is part of BP CEO Murray Auchincloss's drive to reduce the company's debt levels, which have risen over the past year, another two people said.BP declined to comment. All four people were speaking on condition of anonymity as they were not authorized to speak publicly.With its share price languishing, BP is facing investor pressure to improve performance...

Check out the companies making headlines before the bell. Lululemon – Shares popped 9% after the athletic apparel retailer topped Wall Street's estimates for the fiscal third quarter and shared in-line holiday guidance. Samsara – The stock moved more than 9% lower after the software company reported lukewarm guidance for the fourth quarter. For the period, Samsara expects earnings of 7 to 8 cents per share and revenues to come in between $334 million and $336 million. Analysts surveyed by LSEG were expecting 6 cents per share on revenue of $336 million. The company did beat earnings and revenue estimates for the third quarter, however. DocuSign – Shares of the e-signature company added 1.3% after DocuSign said it sees fourth-quarter revenue between $758 million and $762 million. The consen...

Here are the biggest calls on Wall Street on Friday: Goldman Sachs upgrades Robinhood to buy from neutral Goldman says Robinhood has "best in class earnings growth." "We assume coverage of Robinhood Markets (HOOD), and upgrade it to Buy from Neutral, with a $46 price target.." Jefferies downgrades Deere to hold from buy Jefferies downgraded the stock mainly on valuation. "We downgrade the shares of Deere from BUY to HOLD primarily on valuation as the stock has run following the 4Q24 earnings results." BMO upgrades Republic Services to outperform from market perform BMO says the waste company is a top idea heading into 2025. " RSG continues to perform well, and we believe the company has the cleanest setup for 2025 among peers." UBS upgrades Kingsoft Cloud to buy from neutral UBS says growt...

Job creation in November rebounded from a near-standstill the prior month as the effects of a significant labor strike and violent storms in the Southeast receded, the Bureau of Labor Statistics reported Friday.Nonfarm payrolls increased by 227,000 for the month, compared to an upwardly revised 36,000 in October and the Dow Jones consensus estimate for 214,000.The unemployment rate, however, edged higher to 4.2%, as expected. The unemployment rate rose as the labor force participation rate edged lower and the labor force itself declined. A broader measure that includes discouraged workers and those holding part-time jobs for economic reasons edged higher to 7.8%.Job gains were focused in health care (54,000), leisure and hospitality (53,000) and government (33,000), sectors that have consi...

Here are five key things investors need to know to start the trading day:1. Record slipStocks moved lower Thursday, retreating from the records the major indexes hit in the previous trading session. The Dow Jones Industrial Average dropped 248.33 points, or 0.55%, while, the Nasdaq Composite dipped 0.18% and the S&P 500 slipped 0.19%. Bitcoin, meanwhile, also traded a bit lower, falling below $100,000 after it climbed above that threshold for the first time late Wednesday. Follow live market updates.2. Jobs timeHiring signage displayed at a job and resource fair hosted by the Mountain Area Workforce Development Board in partnership with NCWorks in Hendersonville, North Carolina, US, on Tuesday, Nov. 19, 2024. Allison Joyce | Bloomberg | Getty ImagesIt's the first Friday of December, wh...

Watch Robinhood stock as the company embarks on an ambitious growth plan, Goldman Sachs said. The bank upgraded online brokerage to buy from neutral. Its $46 per share price target, up from $40, implies 18% upside from Thursday's close. Robinhood held its first ever investor day on Wednesday, which was viewed largely positively from analysts on Wall Street . The company laid out a 10 year company outlook for investors, which included initiatives such as growing its crypto exchange business and a goal of becoming the top active trading platform within the next 24 months. HOOD YTD mountain Robinhood stock. "HOOD has successfully migrated from a fast growing, periodically profitable online broker servicing mostly younger investors, to a best-in-class top and bottom-line asset under custody co...

A Chevron gas station in Richmond, California, US, on Wednesday, June 19, 2024. David Paul Morris | Bloomberg | Getty ImagesU.S. oil producer Chevron on Thursday said it will take up to $1.5 billion in fourth-quarter charges for restructuring, asset impairments and property sales costs.Much of the charges are for job cuts and relocations planned for the next two years, the company said in a statement. Chevron did not disclose how many jobs would be lost among its 45,000 workers.The cost cutting and asset sales come amid a year-long profit slide that required borrowing to cover shareholder payouts. The No. 2 U.S. oil producer earlier said it aimed to cut up to $3 billion in costs through 2026.Oil companies have turned to acquisitions to lift reserves and output, requiring less expenditures ...

Closed circuit screenshots of a person of interest in the UnitedHealthcare CEO killing.Source: NYPDPolice investigating Wednesday's fatal shooting of UnitedHealthcare CEO Brian Thompson now believe the man wanted in connection with the killing traveled to New York City on a Greyhound bus from Atlanta two weeks ago, NBC News reported Thursday night.Investigators are trying to find a name for the unidentified suspect from ticket purchases for the trip, which ended in New York at around 9 p.m. ET on Nov. 24.That arrival date was two days before UnitedHealth Group, the parent of UnitedHealthcare, announced that it would hold its annual investor conference in New York on Dec. 4 — the same day that a masked gunman killed the 50-year-old CEO Thompson as he was about to walk into that event in the...