|Day's Range||0.8800 - 1.1800|
At Home loses half its value blaming on weather and tariffs hurt its earnings. Yahoo Finance's Brian Cheung joins Seana Smith.
For the strength investors saw in so many individual stocks, that did not reflect in the market's overall headline results. The broader indices posted modest gains in the stock market today, but nothing that made it look too robust.It was noteworthy that the CBOE VIX Index -- which measures volatility -- fell so much on the day, down 4.3%. There have been sellers in the S&P 500 at and around 3,000, but they are starting to fade. At least for now, and with the VIX so low, it opens the door for higher prices. The Russell led the way today, exploding higher by 1.71%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat easily trumped the next best-performing U.S. index, the Nasdaq, which finished higher by 0.85% and almost doubled the S&P 500's return for the day. Big Tech DramaSome investors may be surprised at the strength in the Nasdaq, given Tuesday evening's news that the Justice Department is indeed launching a probe into the potential antitrust behavior of some of the market's largest players.The DOJ is looking into "whether and how market-leading online platforms have achieved market power and are engaging in practices that have reduced competition, stifled innovation, or otherwise harmed consumers." * 7 Stocks to Sell This Summer Earnings Season While the DOJ didn't say who exactly it was investigating, it's looking at companies in "search, social media, and some retail services online." To most market participants, that reads as Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG), Facebook (NASDAQ:FB) and Amazon (NASDAQ:AMZN). Apple (NASDAQ:AAPL) could be included in the last one too. We'll see.After a few hours into the day, the news didn't bother many of these names. Facebook jumped more than 1% and Amazon crept higher on the day. Apple finished essentially flat, while GOOGL slid 0.72%. Still, it was nowhere near what investors would have expected on such news, even though it comes as little surprise at this point.But the drama doesn't end there. Facebook will report earnings tonight (more further down), while Amazon and Alphabet will report on Thursday. Trouble in AutomotiveShares of Nissan Motor (OTCMKTS:NSANY) fell more than 2% after the company said reports that its first-quarter profits would fall 90% were "broadly accurate." It's not the only one hurting, though.Almost two weeks ago, Daimler (OTCMKTS:DDAIF) warned about a huge loss in the coming quarter, its fourth profit warning in the past 12 months. On Wednesday, the company reported its results, logging a 1.56 billion euro loss before interest and taxes. It's clear that R&D costs combined with a not-so-healthy global economy and increasing tariffs are hurting foreign automakers.Let's see if Tesla (NASDAQ:TSLA) and Ford (NYSE:F) can change the automotive narrative when they report after the close on Wednesday. GM doesn't report until August 1st. (Here's the trade setup in Ford). M&A in the Stock Market TodayShares of At Home (NYSE:HOME) jumped more than 15% on Wednesday on takeover talks. We don't know who the acquirer might be, but Whitney Tilson stoked the buyout rumors by saying in his newsletter:"The company is still in an active sales process, with at least two named suitors. The remaining private equity sponsor is rumored to be interested in rolling over their stake, and with the current price so far below the IPO price, there are many incentives to get a deal done, with room for a substantial premium."We've finally got some definitive news with the Sprint (NYSE:S) and T-Mobile (NASDAQ:TMUS) deal. Sprint closed higher by 8.1%, while T-Mobile stock climbed 3.1% on reports that Dish Networks (NASDAQ:DISH) has agreed to buy the duo's divested assets.According to the reports, Dish will pay $5 billion for the wireless assets. $1.5 billion is for Boost Mobile, while $3.5 billion is for spectrum, and Dish can't sell the assets for at least three years. The move should pave the way for the Sprint/T-Mobile deal to go through. Early Headline NumbersFacebook popped higher by about 4.5% to $213.50 on a top- and bottom-line beat. However, those gains have slid to "just" 2.75% ahead of the conference call. Ford stock is down 4% after non-GAAP earnings of 28 cents per share missed estimates by 3 cents per share. * 6 Top Stock Trades for Thursday: SNAP, BA, V, F, TWLO PayPal (NASDAQ:PYPL) is down 4.4% after beating on earnings, but missing on revenue expectations. Finally, Xilinx (NASDAQ:XLNX) is down 3% after topping earnings estimates, but reporting in-line revenue results.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long AAPL, AMZN, GOOGL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 5G Stocks to Connect Your Portfolio To * 7 Stocks to Sell This Summer Earnings Season * 6 Upcoming IPOs for July The post Stock Market Today: Big Tech in Focus, Automotive Drama appeared first on InvestorPlace.
At Home Group Inc. said Monday that it has reached a "milestone," opening a new San Diego location, its 200th store. Nonetheless, the home decor retailer's stock continued to slump, down 5% in Monday trading, and plummeting 83% over the last year. The S&P 500 index has gained 7.5% for the past 12 months. "With our long-term goal of opening more than 600 stores nationwide, we continue to be excited about the significant white space in front of us," said At Home Chief Executive Officer Lee Bird in a statement. At Home went public three years ago, and says it has grown its fleet of stores, net sales and profit by more than 20%. The company is planning to open seven stores this month.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]
The firm is a subsidiary of New York City-based C.V. Starr & Co. Inc., which is led by Chairman and CEO Maurice “Hank” Greenberg.
The home décor retailer lost more than half its market value on Thursday on weak forward guidance, but it could be a case of overkill and might make for a good value play.
At Home Inc. shares took a 57.2% nosedive in Thursday trading, a one-day percentage decline record, after the home-decor retailer reported an earnings miss and was downgraded at Wells Fargo. "This marks yet another frustrating chapter in the At Home story, which saw comp variability, spotty execution and a CFO transition last year, and already steep margin compression this year from lease accounting (-90 basis points) and a new distribution (-90 basis points)," wrote Wells Fargo analysts. Wells Fargo moved At Home stock to market perform from outperform and slashed the price target to $9 from $27. The company said weather was a challenge, as it was for a number of retailers. "Because of the challenging weather, we have already taken swift markdown actions in order to sell through the necessary product at lower than expected margins and head into the fall in a cleaner inventory position," said Chief Executive Lee Bird in a statement. At Home stock is down nearly 60% for the year to date while the S&P 500 index has gained 13.4% for the period.
Bulls are doing a great job at extending this bounce. After a strong "Turnaround Tuesday," they pushed stocks higher on Wednesday and are keeping the markets elevated on Thursday. It gives us a tricky set-up going into Friday -- especially with the non-farm payrolls report coming out before the open. Let's look at some top stock trades ahead of it. Top Stock Trades for Tomorrow 1: Snap Click to EnlargeShares of Snap (NYSE:SNAP) are moving higher on the day, climbing over 8%. Shares are quickly up about 40% from its lows last month and breaking out over long-term downtrend resistance (blue line).InvestorPlace - Stock Market News, Stock Advice & Trading TipsJust over $14 is the long-term 61.8% retracement. If this level acts as resistance, we have to let Snap digest some of this rally. As long as it holds the backside of prior downtrend support and the 10-week moving average though, it's still okay. * The 10 Best Stocks for 2019 -- So Far Over $14.22 and it could spark an every larger rally, with the eventual target being $17. This is Snap's IPO price, while at $17.12 is the 50% retracement. Top Stock Trades for Tomorrow 2: Tesla Click to EnlargeShares of Tesla (NASDAQ:TSLA) are finally fetching a bid, after a big-time breakdown that InvestorPlace readers saw coming. The stock bounced hard off the $180 level and has actually found itself back over $200.Now things get tricky. If you're a trader and were long off that $180-ish test, it may be time to book some profits or at the very least, raise stops.The stock filled last month's gap and is coming into the backside of prior channel support. If this level acts as resistance, Tesla stock could retreat. For bulls to gain any lasting momentum, TSLA needs to clear this mark as well as the 10-week moving average. Top Stock Trades for Tomorrow 3: Glu Mobile Click to EnlargeShares of Glu Mobile (NASDAQ:GLUU) are sinking Thursday, falling over 8% in the session.The selling pressure has been strong in this one, with long-term uptrend support giving away last month. Now shares are below $8 -- resistance in 2018 and support in 2019 -- and the 50-week moving average. The stock also lost the 61.8% retracement for the one-year range.So now what? From a trading perspective, I would consider GLUU a no-touch for me. At least until it finds its footing. If it does, see how it does on a retest of these key areas, mainly between $7.50 and $8. Top Stock Trades for Tomorrow 4: MongoDB Click to EnlargeShares of MongoDB (NASDAQ:MDB) initially sold off and looked to be breaking down after the company reported earnings. The stock broke below the 20-day and 50-day moving averages in morning trade before reclaiming them later in the session. It also broke yesterday's lows and reclaimed them as well.Those were bullish signs for short-term and day traders. But what about the swing trader or swing investor?The stock holding $145 is a good start, but clearing $150 is better. North of that and MDB can challenge new highs near $155 and look to breakout even further.Below the 50-day moving average, and uptrend support (purple line) is on the table. If that fails to buoy MDB, then the backside of prior downtrend resistance (blue line) is possible. Should both marks fail, a gap fill down to $105 is technically possible. Top Stock Trades for Tomorrow 5: At Home Group Click to EnlargeYikes. Of all the ugly moves we've seen over the past month, At Home Group (NYSE:HOME) is up there with the worst of them. Down 56% on the day and there's not many positives on this chart.The stock blew right through uptrend support (blue line), range support at $16 and its prior lows from 2016 at near $10. This one is definitely a no-touch for me. Don't be a hero. There are much better trades out there, even of the "dumpster dive" variety. * 10 Stocks to Buy That Could Be Takeover Targets Should this one snap-back any time soon, see how does with a retest of its prior lows.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 4 FANG Stocks Won't Be Bitten By Regulation Threats * 10 Stocks to Buy That Could Be Takeover Targets * 4 Big Bank Stocks Rebounding Compare Brokers The post 5 Top Stock Trades for Friday: SNAP, TSLA, HOME appeared first on InvestorPlace.
Two new big-box retailers are nearly ready to open their Cypress locations in a booming area of northwest Houston. Plano, Texas-based At Home (NYSE: HOME), a home décor and furniture retailer, is scheduled to open at U.
At Home earnings for the first quarter of fiscal 2020 have HOME stock falling hard on Thursday.Source: Shutterstock At Home (NYSE:HOME) reported earnings per share of 3 cents for its first quarter of the fiscal year. This is a drop from the company's earnings per share of 28 cents reported in the same period of the year prior. It was also a major blow to HOME stock by missing Wall Street's earnings per share estimate of 4 cents for the quarter.Net income reported in the At Home earnings release for its first quarter of fiscal 2020 comes in at $13.88 million. That's down from the company's net income of $18.36 million reported in its first quarter of fiscal 2019.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe At Home earnings report for its first quarter of the fiscal year also includes operating income of $25.89 million. This is an increase over the home decor retailer's operating income of $24.20 million reported during the same time last year.At Home earnings for its first quarter of fiscal 2020 has revenue coming in at $306.26 million. This is better than the company's revenue of $256.16 million reported in its first quarter of the previous fiscal year. It also comes in above analysts' revenue estimate of $303.27 million for the period, but couldn't keep HOME stock from falling today. * 10 Stocks to Buy That Could Be Takeover Targets The most recent At Home earnings report also includes an outlook for fiscal 2020 that isn't helping HOME stock today. The company is expecting earnings per share ranging from 67 cents to 74 cents for the year. It also expects revenue between $1.37 billion to $1.39 billion for fiscal 2020. Wall Street is looking for earnings per share of $1.03 on revenue of $1.40 billion for the year.HOME stock was down 47% as of Thursday morning. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 4 FANG Stocks Won't Be Bitten By Regulation Threats * 10 Stocks to Buy That Could Be Takeover Targets * 4 Big Bank Stocks Rebounding As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post At Home Earnings: HOME Stock Plunges on Q1 Miss appeared first on InvestorPlace.
At Home Group (HOME) delivered earnings and revenue surprises of -25.00% and 1.03%, respectively, for the quarter ended April 2019. Do the numbers hold clues to what lies ahead for the stock?
Based on At Home Group Inc.'s (NYSE:HOME) earnings update in January 2019, it seems that analyst forecasts are fairly...