Results for: Business

UGG®, a global lifestyle brand, has surpassed its goal of influencing one million acres of grasslands towards regenerative farmland. This milestone was achieved in partnership with Land to Market, a program that promotes sustainable agriculture practices to protect and restore the environment. Through this partnership, UGG® supports verified land managers who focus on soil health, wildlife diversity, and carbon sequestration. The brand’s commitment to regenerative sourcing is further highlighted by its sustainability-focused collection, which features materials from farms practicing regenerative agriculture.

On CNBC’s ‘Halftime Report Final Trades,’ analysts provided their final trade recommendations.

Stephen Weiss of Short Hills Capital Partners highlighted Taiwan Semiconductor Manufacturing Company Limited (TSM) as oversold and undervalued, citing its recent earnings beat. TSM’s revenue and net income exceeded expectations in the first quarter.

Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC recommended SL Green Realty Corp. (SLG) for its 6% yield. While SLG missed revenue expectations, it beat estimates on FFO.

Joseph M. Terranova of Virtus Investment Partners named Goldman Sachs Group, Inc. (GS) as his final trade. GS reported better-than-expected earnings, beating estimates on both revenue and EPS.

All three stocks experienced price gains on Monday’s trading session: TSM rose 1.6%, SLG gained 2.4%, and GS jumped 3.3%.

Marks & Spencer (M&S) is set to discontinue selling a majority of its own-brand furniture, including beds, sofas, and wardrobes. The move is part of a broader plan to streamline operations and focus on growing the retailer’s core product lines. M&S will continue to offer smaller furniture items and collaborate with third-party brands for a wider selection. The change is expected to take effect in the autumn, with the exact date yet to be announced.

Texas Instruments (TXN) is set to release its first-quarter earnings results on Tuesday, with analysts expecting a decline in earnings per share and revenue compared to the previous year. Despite the expected decrease, the company offers a competitive annual dividend yield of 3.18%. Investors can potentially earn a monthly dividend of $500 by investing approximately $188,598 in the company’s shares or a more modest $100 per month with an investment of around $37,752. Additionally, Evercore ISI Group analyst Mark Lipacis has initiated coverage on Texas Instruments with an Outperform rating and a price target of $213.

Young professionals are increasingly tertarik towards Hong Kong’s accountancy industry due to opportunities in ESG reporting, corporate governance consulting, and the Greater Bay Area, despite a recent decline in new share listings.

Alibaba, parent company of the South China Morning Post, has made a strategic investment in Ably, South Korea’s largest online fashion app. The investment of US$200 million will be used to build a logistics center and assist small and medium-sized businesses in exporting their products overseas. Ably, with a user base of 8.05 million monthly active users, is particularly strong in the women’s apparel market, aligning with AliExpress’s strategy to establish a dedicated women’s fashion channel.

Mixbook, the #1 rated photo book company, is partnering with popular social media influencers and the Mamapsychologist account in recognition of Mother’s Day and Mental Health Awareness Month. Through the “Moments of Motherhood” photo book collection, Mixbook is promoting empowerment, gratitude, and conversations around maternal mental health, while also supporting Postpartum Support International (PSI) with a portion of the proceeds. The curated collection of photo books is designed to inspire and celebrate the journey of motherhood, while also prioritizing the mental well-being of mothers.

The European Union (EU) and China have significant opportunities to boost their agri-food trade despite strained relations, according to Wojciechowski, the EU’s chief agricultural official. The EU exports a substantial amount of agri-food products to China, while China provides a substantial amount of food imports to the EU. To protect the quality and origin of agricultural products, the EU and China have agreed on geographical indications (GIs) for 100 European and 100 Chinese products. The EU delegation, led by Wojciechowski, is focusing on expanding its presence in the Chinese market, leveraging the growing demand for high-quality food among Chinese consumers. The delegation will also attend a major food and beverage trade fair in Shenzhen. Wojciechowski highlighted the importance of excluding food products from political disputes and emphasized the need for China to increase its purchases from Ukraine to stabilize the global market.

Pelago, a renowned digital clinic partnered with U.S. businesses and health plans for substance use management, recently announced the integration of cannabis into its specialized substance use disorder (SUD) treatments. This groundbreaking program, set to be fully implemented by Q3 2024, expands Pelago’s current digital substance use treatment solutions, which focus on tobacco, alcohol, and opioids. The program launch stems from Pelago’s recent $58 million funding round and marks the first large-scale digital cannabis use treatment program in the United States. Pelago’s cannabis program aims to address the rising prevalence of cannabis use disorders (CUDs) while simultaneously tackling the decline in treatment rates. By implementing evidence-based and clinically sound approaches, Pelago empowers individuals who use cannabis to understand its impact on their health and facilitates informed decision-making. The program leverages cognitive behavioral therapy and motivational enhancement therapy/interviewing at launch, with plans to incorporate contingency management in 2024.

Gilead Sciences, once written off as the “ugly duckling” of Big Pharma, has made significant strides in recent years. Its oncology portfolio is showing promise, its HIV treatments remain dominant, and it continues to generate solid cash flow. Despite these strengths, GILD stock has given back most of its gains since a late-2022 surge, creating a potential buying opportunity.