|Bid||0.00 x 4000|
|Ask||51.10 x 900|
|Day's Range||49.83 - 52.60|
|52 Week Range||40.37 - 67.75|
|Beta (3Y Monthly)||0.57|
|PE Ratio (TTM)||16.81|
|Earnings Date||May 9, 2018 - May 14, 2018|
|Forward Dividend & Yield||1.48 (2.26%)|
|1y Target Est||61.06|
“Fulfillment, years ago, was done in bulk and just from a store point of view,” said Blake Nordstrom, co-president of the eponymous chain. One catch for shoppers: The method they choose often determines whether they have access to a retailer’s full selection or a more limited offering.
Nordstrom Inc. said it took a nonrecurring 28-cents-per-share charge in the third quarter after it discovered that some cardholders with delinquent accounts paid too much interest.
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended higher Friday after starting the day in the red. Nvidia Corp. dropped nearly 19% after the chipmaker posted third-quarter adjusted earnings and revenue below estimates and the company issued weaker-than-expected fourth-quarter guidance.
shares tumbled Friday by nearly 14% to close at $50.93, after the retailer posted weaker-than-expected same store sales for its fiscal third quarter and said it would need to repay more than $70 million to customers overcharged on store credit cards. Nordstrom said sales in store open more than one year rose 2.3% in the three months ending on October 28, but noted the "full-price" sales were only up 0.4% from the same three-month period last year. Nordstrom also said it sees Christmas quarter sales rising around 2% from last year, and net full-year revenues of around $15.6 billion after hitting $3.748 billion in the October end quarter.
Investing.com - Retailers were nursing losses heading into the close, led by plunge in Nordstrom and Williams-Sonoma on concerns about soft quarterly earnings and guidance.
To start the day, Nasdaq was 3.5% below its 200-day line, and the S&P 500 faired only slightly better, at 2.2% under, per Investor's Business Daily. Given the tech-heavy focus of the Nasdaq, it was hit hardest by the apparent weakness in these stocks. Without these and other tech stocks to set the pace, it seems increasingly unclear whether the markets will be able to close out 2018 on a high note.
Stocks that moved substantially or traded heavily Friday: Nvidia Corp., down $37.96 to $164.43 The chipmaker said it had a large number of unsold chips because of a big drop in mining of cryptocurrencies. ...
The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but falling shares of Nvidia Corp dragged down the Nasdaq. All three indexes had been lower in early trade as an underwhelming outlook from Nvidia weighed on the tech sector.
A wreck in semiconductor stocks sent the Nasdaq composite down nearly 1% at midday Friday, as the main indexes pared losses, but the rebound faded.
Nasdaq futures led a sell-off as Nvidia, Applied Materials, Nordstrom and Williams-Sonoma dived on earnings and guidance. Other chip and retail stocks fell in sympathy.
Tech stocks fell sharply early Friday as the Nasdaq composite fell 1.2%, but the index was nicely off lows in afternoon trading.
Wall Street finished in the green reversing its five-day negative trend on Thursday following news that United States and China have ramped up their efforts to resolve lingering trade disputes
Ryan McQueeney and Maddy Johnson recap the week's Brexit drama and major earnings results from the retail sector. The hosts also chat about Nvidia's sluggish guidance and what it could mean for tech stocks.
Nordstrom stock (NYSE:JWN) was down more than 9% after the bell as the company reported its latest quarterly earnings results, which were mixed as its earnings were below what analysts were calling for, while its revenue was better than what Wall Street expected. Analysts were calling for Nordstrom to bring in earnings of 67 cents per share. For its fiscal year, Nordstrom is now calling for net sales in the range of $15.5 billion to $15.6 billion, which is stronger than its previous net sales forecast of $15.4 billion to $15.5 billion.
The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods. All three indexes had been lower in early trade as an underwhelming earnings outlook from Nvidia Corp weighed on chipmaker stocks and shares of Facebook Inc extended their slide following reports critical of the company's response to Russian propaganda on its social network.
The S&P 500 swung between gains and losses on Friday following conflicting reports on a U.S. trade deal with China, while weakness in chipmaker Nvidia weighed on the Nasdaq. President Donald Trump said the United States may not have to impose further tariffs on China, but added the situation was still not acceptable to him.
The S&P 500 edged lower on Friday as gains in energy stocks were offset by declines in chip and retail companies, after weak results from Nvidia and Nordstrom. Energy stocks rose 0.6 percent as oil prices recovered from sharp losses this week on expectations that OPEC and its allies would agree to cut output next month.