|Bid||0.00 x 3200|
|Ask||0.00 x 3200|
|Day's Range||23.00 - 23.69|
|52 Week Range||16.26 - 31.88|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||29.43|
Second-quarter earnings season is upon us. The broad outlook from Wall Street is not a rosy one. For the second quarter in a row, analysts are expecting the S&P 500 to report a year-over-year earnings decline. For comparison purposes, in the year ago quarter, S&P 500 earnings rose 25% year-over-year.Although Q2 earnings are expected to be bad, it is important to note that Wall Street analysts have a history of underestimating EPS. For example, last quarter, analysts thought the S&P 500 EPS was going to drop 4% year-over-year. But Q1 earnings only dropped 0.3% year-over-year. This is nothing new. Over the past five years, reported S&P 500 earnings have exceed estimated S&P 500 earnings by 4.8%, on average, while the projected EPS growth rate heading into a quarter has historically been 3.7 percentage points below the actual EPS growth rate in that quarter.If we extrapolate that trend out, then Q2 earnings will actually rise by about a percent. Importantly, that represents sequential acceleration form last quarter's down 0.3% growth rate. Such sequential acceleration implies that corporate earnings may have bottomed, and that going forward, earnings will start growing at a healthy pace again.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFrom this perspective, Q2 earnings could provide a big catalyst for the market. If earnings do come in ahead of expectations and actually grow year-over-year, then the stock market will rally as investors take that as evidence that the mini-earnings draw-down of early 2019 is over. * 7 Defense Stocks to Buy to Fortify Your Portfolio With this in mind, let's take a look at seven stocks to buy with the potential to lead an earnings rally this summer. Facebook (FB)Source: Shutterstock Reporting Date: July 24The Thesis: One stock that looks due for a blockbuster summer earnings report and big subsequent rally is digital ad giant Facebook (NASDAQ:FB). Facebook has spent most of 2019 putting its 2018 user privacy headaches behind it. The Q2 earnings report should cement that those headwinds are in the rear-view mirror.Global online ad spend trends in 2019 have been favorable. Facebook Stories usage has been on the up and up, while Instagram has seen an influx of new advertising opportunities, as has Messenger. Thus, Facebook's user and revenue numbers should be good this quarter. The margin numbers should be good, too, as the lap gets easier. Further, Facebook management will be able to update investors on its new commerce initiatives, and bullish sentiment there could spark a rally.All in all, it increasingly looks like the big 2019 rally in FB stock is set to take another leg higher this summer, making the social media giant a stock to buy. Crocs (CROX)Source: Shutterstock Reporting Date: August 6 (estimate)The Thesis: Ugly is the new cool, and because of that, "ugly" footwear brand Crocs (NASDAQ:CROX) has staged a huge operational turnaround over the past several years. But that turnaround hit a snag in the first quarter of 2019 as Crox ran into some demand and margin headwinds. Investors implied from this that the best of the CROX turnaround story had already materialized, and CROX stock subsequently dropped off a cliff.But the best of this rebound narrative hasn't materialized. Instead, most data points suggest that the Crocs brand is only gaining momentum. Piper Jaffray's survey of young consumers found that Crocs has one of the fastest growing mind-shares in the entire footwear category, while both domestic and global search interest trends indicate that consumer interest surrounding Crocs is surging higher. Further, the company's recent collaboration with Vera Bradley was a huge hit. * 10 High-Flying, Overvalued Stocks in Danger of Crashing Overall, then, it looks likely that Crocs will report very strong second quarter numbers this summer. Those strong numbers will affirm that the best of this rebound narrative isn't over just yet, and will consequently spark a nice recovery rally in CROX stock. JD.Com (JD)Source: Shutterstock Reporting Date: August 15 (estimate)The Thesis: Calendar 2018 was a really bad year for Chinese e-commerce juggernaut JD.Com (NASDAQ:JD). China's consumer economy cooled off, JD's revenue growth rates dropped, and the company's margins were slashed in half. In response to those adverse trends, JD stock lost more than half of its value in 2018.But all three of those trends have reversed course in 2019. China's consumer economy has picked up steam recently, especially over the past two months, during which retail sales growth has accelerated meaningfully and notched a 12-month-high in June. At the same time, JD's revenue growth rates have stabilized in the ~20% range, while operating margins have expanded by 70 basis points or more in each of the past two quarters.Because all three of these trends have reversed course, it is likely that JD puts up impressive summer 2019 numbers. Those impressive numbers should sustain the big 45% year-to-date rally in JD stock. Foot Locker (FL)Source: Shutterstock Reporting Date: August 24 (estimate)The Thesis: Owing largely to fears regarding trade war escalation and its impact on the company's demand and margins, footwear retailer Foot Locker (NYSE:FL) has dropped over 20% in 2019. But the U.S. and China have declared a trade war truce, meaning conditions on the trade front won't get worse anytime soon.At the same time, Foot Locker reported strong numbers last quarter that comprised positive comparable sales growth and gross margin expansion. Nike (NYSE:NKE), who is Foot Locker's largest brand partner, just reported very strong 10% constant-currency revenue growth in its most recent quarter. Lululemon (NASDAQ:LULU), who doesn't sell through Foot Locker but nonetheless is an important player in the athletic apparel market, also reported strong revenue growth last quarter. * 8 Stocks to Buy That Are Growing Faster Than Amazon Broadly, then, athletic apparel adoption tailwinds remain alive and well, while trade war headwinds have been put on pause for the foreseeable future. That combination means that Foot Locker likely had good a Q2, and that management will issue a favorable guide. In response, beaten up FL stock should rally. Tesla (TSLA)Source: Shutterstock Reporting Date: July 24The Thesis: Shares of electric vehicle maker Tesla (NASDAQ:TSLA) were hammered in early 2019 amid a global auto and EV demand slowdown which negatively impacted Tesla's first quarter delivery numbers. The consensus thesis became that the best of the Tesla growth narrative was over. In response, TSLA stock crashed.But that consensus thesis was disproved by a strong Q2 delivery report, in which Tesla delivered a record number of vehicles. TSLA stock rallied after the Q2 delivery report. But it's still well below where it was following the bad Q1 delivery report, and that's mostly because investors want to see how margins played out in Q2. Given the rampant increase in scale, it's likely that margins similarly moved higher in Q2. Thus, the Q2 earnings report should also reaffirm that Tesla's bad Q1 was an anomaly that won't repeat.If so, TSLA stock has runway to retake the $300 level this summer. It also helps that 30% of the float is short -- a historically large number, even for Tesla -- so in the event that second quarter numbers are good, TSLA stock is positioned for a huge short squeeze rally. AMC Entertainment (AMC)Reporting Date: August 7 (estimate)The Thesis: Following a record year in 2018, box office results have been sluggish through the first half of 2019. Year-to-date through June, box office sales were down over 9% relative to 2018. As the box office has been sluggish, so have shares of America's largest movie theater operator, AMC Entertainment (NYSE:AMC). Year-to-date, AMC stock is down 20%.But not all hope is lost for AMC stock. Thanks to the huge success of the most recent Spider-Man movie, July box office revenues are up slightly year-over-year. This renewed box office growth will likely persist into the end of the year, given the upcoming releases of Lion King, Frozen 2, and a new Star Wars movie. At the same time, AMC's subscription movie-going program, Stubs A-List, is gaining tremendous traction. * 5 Reasons to Buy the Dip In Netflix Stock All in all, I think AMC's next earnings report will be quite good. The trailing three month numbers might not be the best. Bu, the guide will likely be good, and management will likely talk up the success of Stubs A-List on the call. That will be enough good news to get shorts - who represent a whopping 30% of the float - to cover, and spark a big rally in AMC stock. Alibaba (BABA)Source: Shutterstock Reporting Date: August 22 (estimate)The Thesis: The story at Chinese e-commerce juggernaut Alibaba (NYSE:BABA) is similar to the story at peer JD.Com. Calendar 2018 was a rough year, defined by slowing consumer strength, falling revenue growth rates, and compressing margins. But calendar 2019 has been very different. The Chinese consumer is starting to bounce back. Revenue growth rates at Alibaba are stabilizing. Margin expansion is coming back into the picture.As these new and favorable trends persist throughout 2019, Alibaba should report solid numbers. Those solid numbers will converge on a relatively cheap (only 26-times forward earnings, versus a five year average forward multiple of 29) and beaten-up (11% off 2019 highs) BABA stock. This convergence should result a healthy rally in Alibaba stock.As of this writing, Luke Lango was long FB, CROX, JD, FL, NKE, LULU, TSLA, AMC, and BABA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Defense Stocks to Buy to Fortify Your Portfolio * 10 High-Flying, Overvalued Stocks in Danger of Crashing * 8 Stocks to Buy That Are Growing Faster Than Amazon The post 7 Stocks to Buy This Summer Earnings Season appeared first on InvestorPlace.
Investing.com - Shares of shoe company Skechers took off on Friday after the company reported strong second-quarter results and was upgraded by analysts at Wedbush.
Crocs, Inc. today announced that on Thursday, August 1, 2019 at 8:30 a.m. ET, it will host a conference call to discuss the results of its second quarter ended June 30, 2019.
CORRECT: Cocs Up Pre-Market as Piper Says Vera Bradley Collection a Hit: (Bloomberg) -- Crocs Inc. shares rose 7% pre-market after Piper Jaffray upgraded the footwear company to a buy-equivalent rating ...
lululemon (LULU) is benefiting from product innovation, enhancement of omni-channel experience and sturdy international growth. It is also progressing well on the Power of Three strategic plan.
The maker of colorful footwear is seeing shares gain on Monday, helped by an upgrade from Piper Jaffray. Analyst Erinn Murphy sees collaborations and brand innovations helping the company put its best foot forward as we enter the key back-to-school shopping season.
Crocs, Inc. (CROX), a global leader in innovative casual footwear for women, men and children, today announced a second product collaboration with Chinatown Market, launching exclusively with lifestyle retailer Urban Outfitters, at ComplexCon Chicago on July 20-21, 2019. The Chinatown Market x Crocs Classic Tie-Dye Smiley™ Clog features Chinatown Market’s iconic Smiley™ with special oversized Jibbitz™ charms, multi tie-dye print on the vamp and heel, and comes with two oversized Smiley™ Jibbitz™ for $70.
The highest-paid executives at Colorado public companies raked in millions in 2018, but only a small percentage of that compensation came in the form of a guaranteed salary. The median compensation for the 25 highest-paid CEOs in Colorado in 2018 was $9.1 million, but only one CEO on that list earned more than $2 million in base salary: Michael Fries, who collected $2.1 million in base salary as CEO of Liberty Global (Nasdaq: LBTYA). Fries made an additional $22.3 million from stock awards, and $7.7 million in stock options.
The stock market is having its best year since 1997. Retail stocks, though, didn't get an invite to the party. Year-to-date, the S&P 500 is up a whopping 18%. As for retail stocks, the SPDR S&P Retail ETF (NYSEARCA:XRT) is up a meager 3%.Let's put this in context. The unemployment rate in the U.S. is at record lows. Wage growth is running at decade highs. Consumer confidence and sentiment have surged higher in 2019. Rates have dropped. Credit is good. Households aren't overly leveraged. Everything is going right for the U.S. consumer.Yet, despite everything going right, retail stocks are still up just 3% year-to-date, versus an 18% gain for the S&P 500. Why? The trade war, and a sluggish consumer in early 2019.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut, the U.S.-China trade war has been put on hold. It looks increasingly likely that a deal will be struck soon. At the same time, the Fed projects to cut rates this summer, and that should goose the economy and reinvigorate the consumer.Thus, the two headwinds that have killed retail stocks year-to-date, could reverse course this summer, and turn into tailwinds by the end of the year. That reversal ultimately means that retail stocks have big upside potential over the next several months from today's depressed levels. * 10 Stocks to Buy on College Students' Radars Which retail stocks should you buy to play this retail recovery rally? Let's take a look. Foot Locker (FL)Source: Mike Mozart via Flickr Athletic footwear retailer Foot Locker (NYSE:FL) has had a tough time over the past few years. The athletic retail market has shifted from wholesale retail to direct retail, and that shift has meant lower sales volume through wholesale retail distributors like Foot Locker. But, this shift has normalized over the past few quarters. As it has, Foot Locker's numbers have improved, and the stock has moved higher.The trade war knocked this FL recovery off course in 2019. Foot Locker is at the epicenter of the trade war, since the athletic footwear industry outsources a lot of production to China. As such, higher tariffs on China imports stand to significantly and adversely impact Foot Locker's numbers. Investors have been persistently nervous about this, and FL stock has dropped as trade tensions have hung around.Those trade tensions are now de-escalating. A deal looks likely soon. At the same time, the Fed is going to cut rates, and that will reinvigorate a sluggish consumer. The financial implications for Foot Locker? Stronger comparable sales growth and higher margins. That combination should ultimately spark a big rally in FL stock, which presently trades at an anemic 8-times forward earnings multiple. Macy's (M)Source: Mike Mozart via FlickrMuch like Foot Locker, mall retail giant Macy's (NYSE:M) has had a tough time over the past several years as the retail world has shifted from wholesale to direct. This shift has pushed consumers to direct-focused retail platforms like Amazon (NASDAQ:AMZN). Macy's has had trouble keeping up. Sales, margin and profit trends have been weak. Macy's stock has also been weak.Adverse secular trends coupled with trade war headwinds have pushed Macy's stock to depressed levels in 2019. We are talking 7-times forward earnings and a 7%-plus dividend yield. In other words, the sentiment is so negative surrounding Macy's stock that the stock is now essentially priced for profit trends to remain weak forever. * 10 Best Stocks for 2019: A Volatile First Half That won't happen. A trade deal and rate cuts will provide a big tailwind to the retail industry in the back half of 2019. This rising tide will lift all boats, even the beaten-up ones like Macy's. As such, Macy's profit trends will improve throughout the course of 2019, and as they do, Macy's stock should rally in a big way given its presently depressed valuation. Crocs (CROX)Source: Shutterstock Unlike Foot Locker and Macy's, sandal footwear brand Crocs (NASDAQ:CROX) has actually experienced tremendous success over the past few years. The brand orchestrated a huge operational turnaround in the mid-2010's through narrowing the product portfolio and focusing on the company's classic foam clog. Doing so reinvigorated revenue growth and cut expenses from the operating model, which produced robust profit growth. That robust profit growth propelled CROX stock from $6 in mid-2017, to over $30 by early 2019.The CROX turnaround hit a road-bump in early 2019. First quarter numbers weren't good. Sales growth slowed and gross margins tightened. The outlook wasn't great, either. Broadly, Crocs reported early 2019 numbers that implied that the best of the CROX turnaround is over. Investors proceeded to dump CROX stock. The stock now trades 35% off its 2019 highs.But, since those ugly early 2019 numbers, U.S. labor markets have remained healthy, rates have plunged, and trade tensions have eased. Plus, consumer interest with respect to Crocs has only surged higher since then, and the company just scored a big partnership with Vera Bradley.In other words, recent data implies that the best of the CROX turnaround is not over, the company the will report strong second-quarter numbers soon, and CROX stock is due for a nice recovery rally. Nordstrom (JWN)Source: Shutterstock Similar to Macy's, mall retail giant Nordstrom (NYSE:JWN) has struggled over the past several years to drive traffic gains against the backdrop of a consumer exodus from physical to digital shopping channels. These struggles got really bad in early 2019. The company recently reported awful first-quarter numbers that included negative comparable sales growth and margin compression. Management also cut the full year 2019 guide. In response, JWN stock tumbled.But, really bad early 2019 numbers were an anomaly produced by ephemeral headwinds, such as poor execution on a new loyalty program and a lack of digital marketing spend. Those two hiccups have been remedied. As such, it is likely that Nordstrom's numbers improve meaningfully into the summer, especially with trade tensions cooling, the labor market healthy and a rate cut on the way. * The 7 Best Long-Term Stocks to Buy for 2019 and Beyond Improving numbers should spark a rally in JWN stock. The stock trades 50% off recent highs. It's also at a decade-low valuation level. This combination of fundamental improvements and a depressed valuation give the stock ample firepower to shoot higher over the next few months. Canada Goose (GOOS)Source: Shutterstock Luxury outdoor apparel brand Canada Goose (NYSE:GOOS) was once one of Wall Street's favorite retail stocks, due to its robust growth trajectory. Then, the company reported sub-par fourth-quarter numbers that comprised of slowing growth trends and delivered a disappointing long-term growth guide. The implication? The growth trajectory here isn't as robust as everyone thought it was. GOOS stock subsequently dropped.But, Canada Goose is still a 20%-plus revenue growth company with a healthy and expanding margin profile. Net net, that should drive 20%-plus profit growth, versus an average long-term profit growth rate across the retail segment of below 10%. For that sub-10% growth, retail stocks are trading at 18-times forward earnings. For more than double that growth potential (20%-plus profit growth), GOOS stock is trading at less than double the retail average valuation (30-times forward earnings).Thus, relative to other retail stocks, GOOS stock now gives investors more bang for their buck. As such, as the broader retail industry rallies over the next several months thanks to cooling trade tensions and rate cuts, GOOS stock should generate alpha relative to its peers due to its attractive fundamentals and favorable valuation. Dollar General (DG)Source: Mike Mozart via FlickrYou want to buy off-price retail giant Dollar General (NYSE:DG) because this company has found a winning strategy in the dynamic retail landscape, and it will continue to leverage that winning strategy to drive high-quality profit growth over the next several years.Over the past decade, Dollar General has honed in on becoming a go-to off price destination for consumer staples products. Because consumers always need to buy consumer staples products, and because consumers always love low prices, this retailing strategy has produced strong sales and profit growth for Dollar General over the past several years.This strong growth continued in early 2019, when the rest of retail broadly reported bad numbers. It's also expected to persist for the rest of the year, as management delivered a healthy full-year 2019 guide in the company's last earnings report. The implication? Dollar General will continue to leverage its winning off-price retailing strategy to drive big profit growth for the next several quarters and years, regardless of how the rest of the retail shapes up. * 7 Simple Ways for Young Investors to Invest Their First $1,000 So long as the profit growth trend here remains favorable, DG stock should continue to move higher. As such, the smart move here is to stick with the rally in DG stock for the foreseeable future. Lowe's (LOW)Source: Mike Mozart via Flickr (modified)The bull thesis on Lowe's (NYSE:LOW) is pretty simple. For all intents and purposes, Home Depot (NYSE:HD) and Lowe's are largely the same company, so their stocks should trade at similar valuations. Normally, they do. But, every once in a while, LOW stock trades at a sizable discount to HD stock. Whenever this valuation discrepancy arises, it's usually a signal to buy LOW stock (so long as the economic backdrop remains favorable).That's exactly where we are today. HD stock trades north of 20-times forward earnings. LOW stock trades at just 18-times forward earnings. That's the biggest valuation discrepancy between these two stocks over the past three years. Meanwhile, the economic backdrop is favorable (low rates, full labor market, big wage gains, etc.), and Lowe's actually just out-comped Home Depot last quarter.Net net, LOW stock presently trades at a sizable discount to HD stock, but the fundamentals say it shouldn't. Ultimately, the fundamentals will win out here, meaning LOW stock is due for a nice rally over the next few months.As of this writing, Luke Lango was long FL, M, AMZn, CROX, JWN and LOW. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks for 2019: A Volatile First Half * 7 Simple Ways for Young Investors to Invest Their First $1,000 * 6 Stocks to Buy Based on Insider Buying The post 7 Retail Stocks to Buy for the Second Half of 2019 appeared first on InvestorPlace.
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
PVH Corp's (PVH) soft Calvin Klein business hurts the company's performance. Nevertheless, its brand strength and Calvin Klein's restructuring plans are commendable.
Under Armour (UAA) is gaining from the focus on brand development as well as the expansion of DTC and technology-based fitness businesses.
It has been a record year for the stock market. In the first half of 2019, the S&P 500 rose 17%, marking the best first half performance for the index since 1997, when stocks were up more than 20% in the first half of the year. Following that 20%-plus rally in the first half of 1997, the S&P 500 proceeded to rise another near 10% in the back-half of the year, and closed the year up more than 30%.In other words, not only are stocks off to their best year in over two decades, but the last time stocks were this hot to start a year, they stayed hot into the end of the year.Will history repeat itself? Maybe. There are two big risks facing the markets right now: the U.S.-China trade war and slowing economic expansion. But, the trade war has been put on hold, and it looks increasingly likely that a deal between the two countries will get done soon. Meanwhile, the Federal Reserve is acting like they are going to cut rates, an action that should goose the economy and boost economic expansion.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Stocks to Buy and Hold Forever Thus, the two biggest risks holding back stocks, may disappear over the next few months. If they do, stocks will have a big summer. With that in mind, let's take a look at ten stocks to buy for a potential summer rally. Alibaba (BABA)Source: Charles Chan Via FlickrThe Catalyst: U.S.-China trade dealThe Thesis: Shares of Chinese e-commerce giant Alibaba (NYSE:BABA) have been under pressure over the past few months as trade tensions between the U.S. and China have escalated. But, those trade tensions are now de-escalating once again, as both countries have agreed to resume trade negotiations and put a truce on the trade war.It appears increasingly likely that a trade deal will get done soon. As investors grow more optimistic regarding the prospects of a trade deal in the foreseeable future, Chinese stocks will head higher since such a trade deal will provide a material boost to the Chinese economy. The biggest and most high profile of those Chinese stocks? Alibaba.Consequently, as trade tensions cool in the summer and China's economy picks up steam, BABA stock should bounce back toward the $200 level. Facebook (FB)Source: Shutterstock The Catalyst: Revenue growth re-acceleratingThe Thesis: Shares of global social media giant Facebook (NASDAQ:FB) were under pressure in 2018 due to data privacy and regulation concerns. But, such concerns have faded into the background in 2019, and the stock has rallied big year-to-date.This big rebound rally in FB stock should continue into the summer as the company's revenue growth trajectory ramps back up for several reasons. First, a trade deal should help Facebook's business, since it means companies won't have to worry about cutting costs from supply chain disruptions, and will have more budget to allocate toward advertising. Second, a potential rate cut should goose the economy, and increase corporate spending on things like advertising. Third, the pivot into commerce should provide a new revenue tailwind. * The Top 10 Best Sectors in the Market for 2019 Net net, Facebook's growth narrative is set to improve substantially over the next few months, and as it does, investors will continue to buy into the FB rebound narrative. Crocs (CROX)Source: Shutterstock The Catalyst: Strong earningsThe Thesis: Over the past several years, sandal footwear brand Crocs (NASDAQ:CROX) has orchestrated one of the most impressive retail turnarounds anyone has ever seen, simply by narrowing the product portfolio and focusing on the company's classic foam clog (which has reinvigorated revenue growth and cut expenses from the operating model). This turnaround has propelled CROX stock from $6 in mid-2017, to over $30 by early 2019.Over the past few months, that big turnaround has hit a snag as the whole CROX growth trajectory slowed against the backdrop of broader retail turmoil in early 2019. But, that dour retail backdrop has significantly improved since then, as U.S. labor markets have remained healthy, rates have plunged and trade tensions have eased. Plus, consumer interest with respect to Crocs has only surged higher since then, and the company just scored a big partnership with Vera Bradley.Overall, then, the numbers over at Crocs should be a lot better this summer, than they were in early 2019, and that sequential improvement should drive a big rebound rally in CROX stock. Nvidia (NVDA)Source: Nvidia The Catalyst: Improving semiconductor market conditionsThe Thesis: Shares of GPU giant Nvidia (NASDAQ:NVDA) have struggled over the past year as slowing demand across the global semiconductor market has converged on huge inventory levels to create a material drag on semiconductor revenues and margins. Nvidia has been no exception. Revenues and margins have dropped over the past year, and as they have, NVDA stock has dropped, too.But, the fundamentals underlying the semiconductor market are starting to improve. Demand remains weak, but should improve as trade tensions between the U.S. and China cool, and as the Fed cuts rates. Meanwhile, supply remains high, but a rebound in demand should help alleviate the inventory glut. At the same time, bitcoin prices have come roaring back, and that brings bitcoin mining revenue back into the picture. Cloud gaming catalysts in the back half of 2019 should similarly provide a boost to Nvidia GPU demand. * 7 Restaurant Stocks to Put on Your Plate All in all, the fundamental backdrop supporting NVDA stock should substantially improve in the summer of 2019, and into the end of the year. Those improvements should drive up investor demand for Nvidia stock, and ultimately push the stock higher over the next few months. 3M (MMM)Source: Shutterstock The Catalyst: A stabilizing global economyThe Thesis: Economically sensitive industrial giant 3M (NYSE:MMM) has suffered from a slowing growth and compressing margin trend over the past several quarters as the global economy has similarly slowed. This slowdown has led to a wipe-out in 3M stock, which is presently more than 30% off its 52-week highs.But, the global economy is starting to show signs of stabilization, and could start to improve in the back-half of the year as U.S.-China trade tensions cool and as the Fed cuts rates. This global economic improvement should lead to a boost in consumer and business confidence, which should lead to a boost in consumer and business spending. Ultimately, some of that spending will find its way onto 3M's income statement, and this company's numbers in the back-half of the year could be much better than the numbers early in the year.This fundamental improvement will converge on a stock that is trading at a discount to its average valuation and is more than 30% off 52-week highs. In other words, fundamental strength will converge on stock price weakness in the back half of 2019. That convergence should produce a nice bounce-back rally in 3M stock. Foot Locker (FL)Source: Shutterstock The Catalyst: Strong earningsThe Thesis: Once struggling athletic footwear retailer Foot Locker (NYSE:FL) has staged a nice comeback over the past few years, as the athletic apparel sector has stabilized in its shift from wholesale retail to direct retail. As it has, Foot Locker's numbers have improved. Last quarter, this company reported both positive comparable sales growth and margin expansion.Yet, FL stock presently trades 35% off its 52-week highs, and at a measly 8X forward earnings. Why? The trade war. Foot Locker finds itself at the epicenter of the U.S.-China trade war. The athletic footwear industry outsources a lot of production. The biggest destination of that outsourcing is China. As such, higher tariffs on Chinese imports stand to significantly and adversely impact Foot Locker's numbers. Investors have been persistently nervous about this, and FL stock has remained very weak. * 7 Stocks on Sale the Insiders Are Buying But, the U.S. and China agreed to a trade war truce recently, and it looks likely that a trade deal is coming soon. At the same time, the Fed will likely cut rates soon, and that will provide a boost to consumer spending. Net net, Foot Locker's biggest headwinds will significantly ease in the back-half of the year, clearing the way for a big rally in depressed, beaten-up and dirt cheap FL stock. Tesla (TSLA)Source: OnInnovation via FlickrThe Catalyst: Delivery reboundThe Thesis: Shares of electric vehicle maker Tesla (NASDAQ:TSLA) have been under immense pressure in 2019 as the company's growth trajectory has fallen flat. Specifically, delivery numbers for Tesla fell from late 2018 to early 2019, while competing models gained market share. Investors freaked out, and TSLA stock plunged.But, there are signs emerging that indicate that Tesla vehicle demand is ramping back up from the depressed early 2019 levels. At the same time, there are also signs that Tesla remains the runaway leader in the U.S. EV market, and competitors aren't gaining that much ground. There is also a Model S refresh coming soon, and hope that new Model Y production will start in late 2019.Broadly, the TSLA growth narrative hit a snag in early 2019, but appears to rebounding nicely from that trough. Summer 2019 numbers should be markedly better than early 2019 numbers. Bad early 2019 numbers caused a huge sell off in TSLA stock. Better summer 2019 numbers should spark a rebound. Netflix (NFLX)Source: Vivian D Nguyen via Flickr (Modified)The Catalyst: Strong subscriber numbersThe Thesis: Shares of streaming giant Netflix (NASDAQ:NFLX) had a big rally to start the year. But, ever since late January 2019, NFLX stock has traded largely sideways as investors have tried to balance continued strong numbers with a stretched valuation and forthcoming competitive risks.This balancing act should end soon. The key with NFLX stock is to follow the content. When the original content pipeline is strong in a certain quarter, the subscriber trends in that quarter are usually similarly strong. The opposite is true, too. Fortunately, over the past several months, Netflix's original content pipeline has been about as good as it has ever been, both on its face and relative to the competition. * 10 Best Stocks to Buy and Hold Forever This strong content pipeline will produce strong Q2 subscriber numbers. Furthermore, a healthy content line-up into the back-half of 2019 will produce a strong Q3 subscriber guide. Strong Q2 sub numbers and a healthy Q3 sub guide will lead to NFLX stock breaking out of its sideways trading pattern. Dave & Buster's (PLAY)Source: Shutterstock The Catalyst: Rate cutThe Thesis: Arcade and restaurant owner Dave & Buster's (NASDAQ:PLAY) has suffered from a sideways stock for several years now. Since late 2015, PLAY stock has bounced between $30 and $70. Ultimately, though, it has made no sustainable upward progress. In late 2015, this was a $40 stock. Today, PLAY trades hands around $40.The trouble with Dave & Buster's is that growth is slowing. Back in 2015, Dave & Buster's was winning big thanks to a huge pivot towards experience-oriented spending. That tailwind has dried up, and this company has gone from 8.9% comparable sales growth in 2015, to 3.3% in 2016, flat in 2017 and a 1.6% loss in 2018. As comparable sales growth has consistently decelerated, the stock has failed to gain ground.But, comparable sales came in at a loss of 0.3% in the first quarter of 2019, better than last year's 1.6% decline. Further, management is guiding for a loss of 0.5% comparable sales growth this year, which is also better than last year's 1.6% decline. And the forthcoming Fed rate cuts give potential upside to that -0.5% guide.In other words, in 2019, the trend should reverse course for Dave & Buster's. Slowing comparable sales growth will turn into rebounding comparable sales growth, and that trend reversal should cause a similar reversal in PLAY stock. Canopy Growth (CGC)Source: Canopy Growth The Catalyst: Edibles, extracts, & topicalsThe Thesis: Canadian cannabis giant Canopy Growth (NYSE:CGC) has had a really good 2019. Over the past several months, it has become increasingly obvious through continued Canadian market dominance, key acquisitions, and certain legal developments, that Canopy projects as the leader in a potentially very large global cannabis market. As Canopy has gained long term growth visibility, CGC stock has rallied. Year-to-date, shares are up 50%.But, CGC stock is also 25% off recent highs as the Canadian cannabis market continues to fight through growing pains. The latest growing pain? Continued supply shortages, and an inability to transfer illicit sales into the legal channel. These struggles weighed on Canopy's early 2019 numbers, and CGC stock has subsequently sold off from its recent highs.The numbers will get better in the back-half of the year. Specifically, Canada is set to legalize cannabis edibles, extracts, and topicals later this year. The introduction of these new products into the market will do two things. First, it will boost demand. Second, it will increase margins, since these products have higher margins than dried flower. * 7 Restaurant Stocks to Put on Your Plate Overall, then, the introduction of edibles, extracts, and topicals into the legal Canadian cannabis market will provide a lift to Canopy's numbers in the back-half of 2019, and that lift should translate into a rally for CGC stock.As of this writing, Luke Lango was long BABA, FB, CROX, FL, TSLA, NFLX and CGC. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks to Buy and Hold Forever * 10 Small-Cap Stocks That Look Like Bargains * 10 Names That Are Screaming Stocks to Buy The post 10 Stocks to Buy for A Summer Rally appeared first on InvestorPlace.
Whirlpool (WHR) sells the Embraco business unit to a unit of Nidec Corp. for cash proceeds of $1.08 billion. The sale is likely to enhance Whirlpool's focus on customer-facing businesses.
Authenticity and fan loyalty are two reasons why Colorado-based Crocs (Nasdaq: CROX) decided to collaborate with Indiana-based accessory maker Vera Bradley (Nasdaq: VRA) on a shoe collection released Monday. “All it takes is a look around the airport and you’ll see women of all ages wearing their favorite Vera Bradley print with their favorite pair of Crocs, so bringing two of her favorite things together was a no brainer.” Additionally, she said the collaboration made sense since both brands have large, loyal fan bases that have a “great deal” of overlap. The shoes created through the collaboration cost between $39.99 and $49.99. Click through the gallery above to see Crocs' collaborations for 2019.
A Vera Bradley x Crocs collection is showing up on store shelves today.Source: Shutterstock This collaboration between Vera Bradley (NASDAQ:VRA) and Crocs (NASDAQ:CROX) will only be for a limited time. It will include shoes from Crocs that come an three different designs from Vera Bradley. These colors options are Mint Flowers, Fireworks Paisley, and Moonlight Garden.Fans of either brand that want to purchase one of the products from the Vera Bradley x Crocs collection will also be able to choose between four shoe types. These are the Classic Clog, the Sloane Slide, the Kadee Flat, and the Freesail Clog.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCustomers wanting to purchase the Classic Clog with the Vera Bradley colors will pay between $44.99 and $49.99. Those that go after the Sloane Slide will spend $44.99 on their shoes. The Kadee Flat option is the cheapest at $39.99. Finally, the Freesail Clog is priced at $44.99. * 7 F-Rated Stocks to Sell for Summer Customers are able to purchase products in the Vera Bradley x Crocs collection from both companies' online stores.Here's how some Twitter (NYSE:TWTR) users are reacting to the Vera Bradley x Crocs collection. * "PLEASE make these up to women's 13 I'm begging you." * "I'm so excited I might actually buy some." * "Omg i actually have money in my bank account!! this might be an issue" * "I literally can't wait!!!" * "Men's sizes too right?" * "I'm so excited for this." * "Omfg i can not wait to see this " More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 F-Rated Stocks to Sell for Summer * 7 Stocks to Buy for the Same Price as Beyond Meat * 7 Penny Marijuana Stocks That Are NOT Cheap Stocks As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Vera Bradley x Crocs Collection Debuts July 1 appeared first on InvestorPlace.
FORT WAYNE, Ind. and NIWOT, Colo., July 01, 2019 -- Vera Bradley, Inc. (Nasdaq: VRA), the iconic women’s fashion and lifestyle brand, and Crocs, Inc. (Nasdaq: CROX), a global.
This weekend's Barron's cover story takes a look at whether the hot IPO market is a bubble. Other featured articles review Dividend Aristocrats on a roll and offer the results from a survey of tech CIOs. ...
Snap-on (SNA) is battling soft sales due to currency headwinds. However, a robust business model and focus on value-creation processes should help it revive.
Not every IPO can work out like Slack or Beyond Meat. Still, maybe revisiting some former darlings is a good idea. Polymer-shoe maker Crocs recently got a Wall Street upgrade.