61.54 -0.02 (-0.03%)
After hours: 7:16PM EDT
|Bid||0.00 x 3200|
|Ask||0.00 x 800|
|Day's Range||59.07 - 61.73|
|52 Week Range||37.79 - 61.73|
|PE Ratio (TTM)||20.32|
|Earnings Date||Nov 15, 2018|
|Forward Dividend & Yield||1.48 (2.50%)|
|1y Target Est||57.13|
Nordstrom's stock rose as much as 13 percent on Friday after reporting a strong second quarter. Cramer believes that the e-commerce platform is driving the change, with Nordstrom reporting that its digital platform makes up almost a third of its sales. After Nordstrom JWN 's stock soared last week following a strong quarterly report, CNBC's Jim Cramer said the company is the latest retail resurrection, joining ranks that include Walmart WMT .
Nordstrom customers who shop in stores as well as online spend five times more on average and are twice as profitable as other customers, Co-president Blake Nordstrom said.
Deutsche Bank says be selective. Just ask Macy's (M): The department store, which for much of the year was outpacing Amazon, delivered a beat-and-raise quarter, but it wasn't enough to keep the shares from plunging, as investors had hoped for even more upbeat results. Looking ahead to the rest of the industry's earnings, Deutsche Bank's Paul Trussell argues retail's strength means that many stocks are priced to perfection.
Netflix stock was poised to end a six-session losing streak Monday, but chip stocks weighed on the Nasdaq. Nike stock outperformed in the Dow.
JCPenney’s (JCP) net sales fell 7.5% on a YoY (year-over-year) basis to $2.76 billion in the fiscal second quarter, which ended on August 4. The company’s fiscal second-quarter revenue (made up of retail net sales and credit income) fell 7.8% to $2.83 billion and missed analysts’ estimate of $2.86 billion. JCPenney’s 7.8% revenue fall in the quarter was steeper than its 4.1% fall in the fiscal first quarter.
JCPenney’s (JCP) dismal performance in the fiscal second quarter, which ended on August 4, triggered downward revisions to its price target by many analysts. The mid-tier department store chain disappointed investors with a significant fall in its fiscal second-quarter net sales and a poor outlook.
NEW YORK, NY / ACCESSWIRE / August 20, 2018 / Nordstrom was soaring to a brand new high after its second quarter earnings report while shares of DSW plummeted almost 5% after receiving a downgrade from ...
Nordstrom Inc. shares soar thanks in part to the retailer’s progress in Internet sales, a spot of trouble for brick-and-mortar retailers as Amazon.com Inc. makes more inroads in apparel.
Not all department stores are falling victim to the "retail apocalypse." Nordstrom is finding innovative ways to appeal to today's shopper #tictocnews (Source: Bloomberg)
Adapt or die isn’t just a tenet of evolution: It’s also the reality faced by the U.S. department-store industry. Although the chains are often lumped together with other mall mainstays when lamenting the “retail apocalypse,’’ this past week’s earnings reports underscore just how different department stores’ strategies are amid a wider brick-and-mortar slowdown. Nordstrom Inc., for instance, posted same-store sales that were almost four times higher than expected after drawing in buyers for both its full-priced and discounted merchandise, powered by a massive anniversary sale.
It is this, far less than Amazon.Com (NASDAQ:AMZN), that has been killing Nordstrom (NYSE:JWN). On Aug. 16, JWN stock managed to surprise Wall Street by earning $162 million, 95 cents per share, for the quarter ending Aug. 4, against $110 million or 66 cents per share a year ago.
Investors are feeling more willing to wade back into emerging markets, even if we probably haven't seen the last of volatility. •...and applaud Nordstrom's (JWN) earnings win. The Nasdaq Composite gained 9.81 points, or 0.1%, to 7816.33. That doesn't mean that there weren't ongoing geopolitical worries, just that investors chose to ignore them.
After a big rally on Thursday, stocks again added to their gains on Friday on optimism over global trade resolutions between the U.S. and China by year’s end. Even before that news came out though, there were plenty of big movers. Here are our top stock trades for Monday.Top Stock Trades for Monday #1: Tesla
Stocks that moved substantially or traded heavily Friday: Nvidia Corp., down $12.62 to $244.82 The chipmaker's profit forecast fell short of Wall Street forecasts. Applied Materials Inc., down $3.66 to ...
Stocks reversed higher as hopeful news on the trade war with China sparked late gains, while the retail sector led the market. The Nasdaq erased a 0.7% loss to close 0.1% higher but a tad off its session highs.
The Dow ended Thursday, Aug. 16, up 396 points, or 1.58%, to 25,558. fell 4.9% on Friday after the chipmaker beat earnings and sales estimates for its fiscal second quarter but issued weaker-than-expected third-quarter guidance because of declining demand for cryptocurrencies.
China names and chip stocks drove early losses Friday as Tasla, Nvidia and Applied Materials pressured the tech sector, and Deere fell hard on an earnings miss.
Trade or fade the week's big winners? The Fast Money traders weigh in. With CNBC's Melissa Lee and the Fast Money traders, Brian Kelly, Gina Sanchez, David Seaburg and Dan Nathan.