Stock Market Winners & Losers: Stocks Extend Gains as Yields Slide | Starbucks Rises as Customers Buy Pricier Drink | Kim Ks Skims are Going After Men

Winner: Stocks extend gains as yields slide
• Stocks gained as Treasury yields fell, with investors betting the Federal Reserve could be done raising rates for 2023.
• The rally was broad-based, with all 11 S&P 500 sectors trading in positive territory.
• 10-year Treasury yield drop to 4.65%. That comes after the benchmark yield topped 5% last month.
• Target CEO says shoppers are pulling back, even on groceries
Other Headlines
• Cybertrucks will slowly trickle out of production this year. Elon Musk says don’t expect Cybertruck to hit normal delivers until 2025. Working with steel is turning out to be the bottleneck.
• Match shares neared a record low after the Tinder and Hinge parent forecast slower revenue growth. Match says singles are spending less on subscriptions as inflation weighs on swipe budgets.
• Disney to purchase remaining stake in Hulu for at least $8.61 billion from Comcast's NBC Universal.
• The billionaires club: Magic Johnson is worth $1.2 billion. He’s the fourth athlete to cross the nine zeros threshold after fellow NBA stars Michael Jordan and LeBron James and golfer Tiger Woods.
Winner: Starbucks rises as customers buy pricier drink
• Starbucks reported earnings and revenue that topped’ expectations, fueled by strong demand for pricier drinks.
• Shares of the company rose 10%.
• Revenue: $9.37 billion for the last 90 days.
• Income $1.22 billion.
• The company’s same-store sales rose 8%, fueled by higher average checks and a 3% increase in customer traffic to its cafes.
• Starbucks pumpkin cream cold brew and iconic pumpkin spice latte
• The average check in Starbucks’ rose 6%.
• The company is forecasting that it will increase its global footprint by 7% in 2024.
Winner: Kim K’s Skims are going after men
• Fellas, make some space in your dresser for some new underwear.
• Kim Kardashian’s $4 billion underwear company, Skims, debuted its first men’s collection last week.
• Men’s underwear is a $5.7 billion market, long dominated by Hanes and Fruit of the Loom

• Skims are hitting the courts, too: NBA and Skims announced a multiyear deal yesterday that makes Skims the official underwear partner of the NBA, WNBA, and USA Basketball.
• Skims brought in male athletes like Brazilian soccer star Neymar, Oklahoma City Thunder’s Shai Gilgeous-Alexander, and San Francisco 49ers defensive end Nick Bosa for the first ad campaign.
• Within the first five minutes of launch, the website had 25,000 orders.
• A shapewear line is reportedly in the works as Skims for men sees success, we may soon see

#RobBlackShow #RobBlack #Stocks #Viral #Trending #StockMarket #Stock #Market #Finance #Investing #Investment #MarketsUpdate #News
Learn More https://linktr.ee/RobBlack