[ad_1] Shoppers walk past a sale sign as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021. Jon Cherry | Reuters Major retailers are under intense pressure to deliver on Black Friday after several of them reported a slowdown in sales heading …
Read More »5 things to know before the stock market opens Monday, November 21
[ad_1] Heritage turkeys make rapid gurgling sound at Elmwood Stock Farm ahead of the Thanksgiving holiday in Georgetown, Kentucky, November 16, 2021. Amira Karaoud | Reuters Here are the most important news items that investors need to start their trading day: 1. Time to talk turkey Happy Thanksgiving Week. We …
Read More »This week’s best performers include several retail stocks and one exchange operator
[ad_1] It hasn’t been the best week for the broader market. The S & P 500 is down about 1% week to date, as investors weighed fresh commentary from Federal Reserve officials on inflation and monetary policy, which heightened concerns of even higher interest rates. Several retail stocks bucked the …
Read More »Walmart and Target’s quarterly results lay bare retailers’ differences
[ad_1] Walmart‘s stock surged this week. Target‘s shares plunged. The rival big-box players are both known for selling an array of products including food, clothing, home goods and kitchen appliances. Both their CEOs — Walmart’s Doug McMillon and Target’s Brian Cornell — stepped into their roles in 2014. But the …
Read More »Macy’s (M) Q3 2022 earnings
[ad_1] Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Macy’s on Thursday raised its earnings forecast for the year after its third-quarter results topped Wall Street expectations. The department store operator said it’s in a better position with its inventory and that …
Read More »BMO downgrades Target, citing persistent inventory challenges ahead
[ad_1] BMO Capital Markets is losing faith in Target ‘s growth story given the challenges it faces ahead. Analyst Kelly Bania downgraded the retail stock to market perform in a note to clients Wednesday, saying that sufficiently matching inventory to demand will likely persist as a challenge for Target in …
Read More »Jim Cramer says the Fed should consider retail earnings over economic data for its inflation strategy
[ad_1] CNBC’s Jim Cramer on Wednesday said the Federal Reserve must pay attention to recent retail earnings reports to plan the rest of its battle against inflation. “I am begging the Fed to look at what’s happening at individual companies – big ones, not small ones – so that they’ll …
Read More »Target, Carnival, Advance Auto Parts, Lowe’s and more
[ad_1] Pedestrians pass by a Target store in the Tenleytown neighborhood of Washington, DC, on August 17, 2022. Mandel Ngan | AFP | Getty Images Check out the companies making headlines in midday trading. Target – Shares of the big box retailer tumbled more than 12% after the company said …
Read More »5 things to know before the stock market opens Wednesday, November 16
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, November 15, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. We can trade it for you wholesale The producer price index, …
Read More »Target will report earnings before the bell — here’s what to expect
[ad_1] A sign outside of a Target department store on June 07, 2022 in Miami, Florida. Target announced that it expects profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory. Joe Raedle | Getty Images …
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