Cramer Remix: The two apparel stocks you need to consider - CNBC |
- Cramer Remix: The two apparel stocks you need to consider - CNBC
- E-commerce Apparel Site Measure & Made Offers Extended Sizes - WWD
- Delta Apparel (DLA) Surpasses Q3 Earnings Estimates - Yahoo Finance
- Apparel company inspired by jockey silks turning heads - NEWS10 ABC
| Cramer Remix: The two apparel stocks you need to consider - CNBC Posted: 31 Jul 2019 05:30 PM PDT  CNBC's Jim Cramer said Wednesday that the parent company of Wrangler and Lee jeans is a stock that investors should like because it's not a growth stock. The "Mad Money" host said Kontoor Brands, which also owns Rock & Republic jeans, is a dividend stock that sports a "magnificent" 7.2% yield. "That's why VF Corp didn't want it, " he said, referring to the owner of the fast-growing Vans and North Face brands that spun off the slow-growing jeans company earlier this year. "If you're an investor who wants income, this one's pretty enticing." To buy the stock, investors must believe that management can stabilize the company and continue to reward stockholders, said Cramer, who thinks the dividend will serve as a floor for the equity. Although they both face challenges, he thinks there is good reason to take a bet on Wrangler and Lee, which rank among the top American jeans companies. "It may take them a while to turn things around, but with that 7.2% yield ... they're paying you to wait," he said. For investors looking for growth, however, Cramer suggested owning a share of Levi's "given what they told us last night, basically that they're going to have a very good year in 2020. " Get his full thoughts here Winners on weaknessPhilippe Lopez | AFP | Getty Images Wall Street finally got what it was ordering from the Federal Reserve, but somehow investors were still disappointed, Cramer said. The central bank cut the benchmark interest rate by a quarter point to the 2% to 2.25% range, but traders who wanted Chairman Jerome Powell to signal future cuts were left unsatisfied. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all sold off more than 1% on the last trading day of July. The host said "there was nothing shocking about Fed Chief Jay Powell's statement, but a lot of people don't seem to understand how the game is played." Cramer took the time to review the month's biggest winners on the Dow and S&P indexes. Find out the top performers of the month here Material worldWard Nye, CEO, Martin Marietta Scott Mlyn | CNBC Cramer sat down with Martin Marietta Materials CEO C. Howard Nye to get insights into the building materials business' first half. The company had to battle wet weather in Texas and Colorado, but was able to mitigate those challenges, Nye said. "Those are our top two states by revenue, but … what we're seeing in the Midwest, what we're seeing in the Southeast, really helped carry the day," he said. "And we like being in the position that we could have a beat as we enter half-year, raise guidance, as you said, for the rest of the year and have the top two states actually hit by weather a lot in the first half of the year." Catch the discussion here Burning at both endsAn employee displays cannabis buds for a photograph at the CannTrust Holding Niagara Perpetual Harvest facility in Pelham, Ontario, Canada, on Wednesday, July 11, 2018. Cole Burston | Getty Images The budding cannabis industry cooled off in July after a couple of businesses came under fire in recent weeks, Cramer said. The scandals have caused stocks in the marijuana sector to simmer with a number of equities falling as much as 20% this month, he said. U.S. and Canadian officials have targeted both CannTrust and Curaleaf for improper businesses practices. "I think you need to be incredibly selective here. I still like Canopy Growth and Cronos, the two best-funded Canadian cannabis plays, " the host said. Their stocks are down about 20% and 15%, respectively, "but these are long-term stories. You need to be prepared to buy them gradually on the way down." Go deeper here At your serviceApple CEO Tim Cook attends the Economic Summit held for the China Development Forum in Beijing on March 23, 2019. Laurent Fievet | AFP | Getty Images Cramer suggested that firms should shuffle the analysts they have assigned to cover Apple. The company needs a new cohort of researchers that will give more weight to its subscription service business than its iPhone sales, the "Mad Money" host said. "People just don't understand how to evaluate the new Apple. They view it as a sagging hardware story," he said. "People keep underestimating Apple's new business model." Read more here Cramer's lightning round: Colgate's quarter was good — it's a buyIn Cramer's lightning round, the "Mad Money" host zips through his thoughts on callers' stock picks of the day. Colgate: "You know what, you're getting a buying opportunity. That Colgate quarter was very good. Much better than I expected. The stock is down $3, I say pull the trigger." Disclosure: Cramer's charitable trust owns shares of Apple. Questions for Cramer? Want to take a deep dive into Cramer's world? Hit him up! Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com  |
| E-commerce Apparel Site Measure & Made Offers Extended Sizes - WWD Posted: 31 Jul 2019 09:02 PM PDT [unable to retrieve full-text content]E-commerce Apparel Site Measure & Made Offers Extended Sizes WWD Measure & Made, the recently launched women's e-commerce apparel company offering custom-like, fit pants powered by Fitlogic, will start offering extended ...  |
| Delta Apparel (DLA) Surpasses Q3 Earnings Estimates - Yahoo Finance Posted: 31 Jul 2019 05:47 PM PDT   Delta Apparel (DLA) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this maker of branded and private-label apparel would post earnings of $0.23 per share when it actually produced earnings of $0.13, delivering a surprise of -43.48%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Delta Apparel, which belongs to the Zacks Textile - Apparel industry, posted revenues of $119.26 million for the quarter ended June 2019, missing the Zacks Consensus Estimate by 0.73%. This compares to year-ago revenues of $112.18 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Delta Apparel shares have added about 10.7% since the beginning of the year versus the S&P 500's gain of 20.2%. What's Next for Delta Apparel? While Delta Apparel has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Delta Apparel was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.45 on $104.98 million in revenues for the coming quarter and $1.35 on $429.64 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Textile - Apparel is currently in the top 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report  |
| Apparel company inspired by jockey silks turning heads - NEWS10 ABC Posted: 31 Jul 2019 02:33 PM PDT  SARATOGA SPRINGS, N.Y. (NEWS10) – Vickie Rehberg is making race track fashion mainstream. Available online and at the Saratoga Race Course summer meet, Winning Silks Collection sells dresses, jewelry, ties, art and more inspired by the vibrant colors and designs of jockey silks. When she first started her store at the Saratoga Race Course seven years ago, she just sold jewelry. Now, she has wide-range of merchandise in her collection and even takes custom orders. To see more of her dresses and other items for sell, and to order your own, visit her website.  |
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