Latest news with #TheMorningBrief
Time of India
a day ago
- Politics
- Time of India
Morning Brief Podcast: Trump vs Harvard: India Impact
Morning Brief Podcast (ET Online) Trump vs Harvard: India Impact 20:10 Min | June 03, 2025, 7:37 AM IST LISTEN 20:10 LISTENING... The Trump-Harvard tussle over international students has aspirants and their parents in a bind. In this episode of The Morning Brief, host Prachi Verma explores the ripple effect of the clash and what it signals for the future of American higher education. With its federal certification temporarily stripped, Harvard now has less than 30 days to prove it complies with the Student and Exchange Visitor Program. While a federal judge has paused the enforcement, the uncertainty is real—especially for the nearly one-third of Harvard's student population that comes from abroad, including 800 Indian families reassess their higher education plans, Prachi speaks to Naveen Chopra, founder of TC Global, and Deepak Ahluwalia, a U.S.-based immigration lawyer, to unpack what this means on the ground from admissions anxieties to long-term policy implications. From curriculum and diversity to global enrolment strategies, the question lingers: in a decentralized and competitive academic world, can a single institution still lead or is the age of institutional bellwethers coming to an end?
Yahoo
2 days ago
- Business
- Yahoo
Campbell's earnings: Shipment timing gave big boost to snack brand
The Campbell's Company (CPB) — the food brand known for its various canned soups and snacks — posted its fiscal third quarter earnings results Monday morning, topping Wall Street estimates on the top and bottom line. BofA Securities Food & Beverage Analyst Peter Galbo — who has an Underperform rating and a $37 per share price target on Campbell's stock — comes on The Morning Brief to talk more about Campbell's product pricing and the state of the US consumer. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
Yahoo
6 days ago
- Business
- Yahoo
US court rejects several of Trump's tariff policies: What to know
A US federal court has blocked several of President Trump's sweeping tariff policies — particularly the import taxes levied against Canada, Mexico, and China — calling them a display of "unbounded authority." Yahoo Finance legal correspondent Alexis Keenan comes on The Morning Brief to discuss the tariffs that US courts are currently rejecting and how the Trump administration may move to appeal this ruling. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Dick's is buying Foot Locker for 'a very fair price': Analyst
Amid its $2.4 billion deal to acquire shoe retailer Foot Locker (FL), Dick's Sporting Goods (DKS) is maintaining its full-year profit forecast. Morningstar senior equity analyst David Swartz comes on The Morning Brief to weigh in on Dick's recent stock activity and share his thoughts on the retailer's acquisition of Foot Locker. Also catch David Swartz weigh in on department store Macy's (M) progress in its turnaround plan. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. In your notes, you mention and given your star rating on the firm, I can tell that you have questions about the valuation. How does the Foot Locker acquisition impact how you're thinking about the valuation of Dicks going forward? Yeah, it's hard to say because it's still early. The Foot Locker deal was just announced last week and people are still trying to assess how it's going to impact Dicks in the short term and the long term. Uh, I was probably one of the few that actually thought that Dicks was quite overvalued when it was over $200 a share. I thought it was worth closer to $160. Um, so when the stock fell after the Foot Locker deal, to me that was partly because Dick's stock was overvalued to begin with. I understand why Dick's stock was at such a high level because Dicks has been performing extremely well in the last few years. Uh, the business has really transformed and it's been outperforming everybody, certainly including Foot Locker. And so a lot of people are very unhappy that Dicks is combining with Foot Locker, which realistically is an inferior business, but I think that Dicks is buying it for a very fair price at about two and a half billion dollars for Foot Locker. The Foot Locker stock price has been weighed down. And so, even though Dicks is paying a premium over where the stock had been trading, uh, they're still, I think, buying it at a fair price, at only about six times depressed EBITDA. And I think from Dick's management's perspective, they're able to buy Foot Locker here for a very attractive valuation. All right. We are going to be watching closely as that deal looks to close. David, thanks so much. Appreciate it.
Yahoo
7 days ago
- Business
- Yahoo
Macy's certainly is 'troubled': Analyst on store's turnaround plan
Department store chain Macy's (M) topped first quarter estimates on its top and bottom lines, posting revenue of $4.6 billion (vs. estimates of $4.46 billion) and adjusted earnings of $0.16 per share (vs. estimates of $0.14). On top of its quarterly results, Macy's cut its full-year profit outlook, citing tariff pressures and a more cautious consumer. Morningstar senior equity analyst David Swartz comes on The Morning Brief to talk more about the store's progress in its turnaround plan. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Macy's is cutting its full-year profit outlook as tariffs and higher promotions hit the business. Still, the retailer topping first-quarter expectations as it moves forward with its turnaround strategy. Joining us now, David Swartz, Morningstar's senior equity analyst. David, going into the report, I know that you had a $24 price target on the stock. I am curious, though, you say in one of the headlines of your recent notes that Macy's lacks competitive edge. Is the strategy to focus on successful stores going to be enough for Macy's and how are you viewing the results now? I do think that the stock has undervalued, as you mentioned, my fair value estimate is $24. So actually, I think it's trading at about half of what it's worth. But Macy's certainly is a troubled company and that's reflected in the valuation right now. Uh Macy's is in the process of closing a large number of stores, um closed a lot last year, closing more this year, we'll close more next year uh to focus on the stores that are performing better. Now, we're not really seeing positive comps from those stores. So um it's certainly at this point uncertain that uh Macy's can really turn it around. Uh but Macy's does have some things that are working. Uh Bloomingdale's and Blue Mercury are both performing much better than Macy's. They've both had consistent positive same-store sales growth. Uh while some of the Macy's stores are performing okay, um others are definitely dragging down the total numbers. And so, I think at this point, um Macy's is maybe uh not even halfway through its turnaround plan and so it's hard to know if it's going to work in the long run. Should investors believe in this turnaround plan, Dave? I think at this point the stock is so cheap that you don't necessarily have to believe in it to own the stock. Um I I know that there's a lot of skepticism about the department store model. It's a model that doesn't work anymore realistically. And Macy's is dealing with a business that was built for a completely different retail environment, and Macy's is having to transform how it operates and having to downsize considerably to um to work in this market. And it's not clear that those will be enough, those actions will be enough to really turn it around. But I do think that there's value in Macy's in that there's value in the stock right now and that there is a place for Macy's in retail. Uh this is a company that has a very large e-commerce business, for example, doesn't get much credit for it because people still see this as largely a brick and mortar business, but Macy's does something like $7 billion a year in online sales. Um so Macy's does have a reason to exist, in my opinion. I think the stock is so cheap that it's worth looking at. As a digital first business, if they are able to make that transition, knowing that some of the elements of this turnaround plan mean, to your point, looking across the retail footprint that they do have, brick and mortar, and saying, okay, what's profitable, what's unprofitable, where do we need to shrink square footage size so we have less overhead that we have to account for. A lot of that sounds like a Sears playbook as they were in their peak slippage years. And so all of that considered and seeing exactly what took place, how is this essentially going to avoid being a similar case as Sears while they make that digital transformation? Well, one thing you can say is that Macy's still exists and Sears doesn't. So I guess you could say that Macy's did survive. And we have seen a lot of other department stores go under too, including Bon-Ton, for example, Lord & Taylor, and Gordmans, and others that have gone out of business in the last 10 years. And we're probably going to see more. I mean, for example, JC Penney probably doesn't really have a future. And so, you know, Macy's I think does stand out. It does have a large number of private label brands that do very well. Uh it does have a good selection of merchandise. Uh and Macy's does reach a large large number of consumers. It has um a large customer base, has millions of credit card holders, um and is still the anchor in a lot of malls. And so, you know, I do think that Macy's um can survive where others have disappeared. It's going to be a smaller company. Macy's will never get back to its peak revenues, which I think it hit about 10 years ago. Um so this is going to be a smaller company, but there are successful retailers that have far smaller uh revenue bases than Macy's does and they maintain their profitability. I think Macy's can also be consistently profitable uh after it does this downsizing and these remodeling uh actions that it's making right now. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
