|Bid||16.37 x 1300|
|Ask||16.45 x 4000|
|Day's Range||16.00 - 16.96|
|52 Week Range||12.27 - 43.37|
|Beta (5Y Monthly)||1.42|
|PE Ratio (TTM)||5.07|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 09, 2020|
|1y Target Est||N/A|
U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.S. economy than investors had feared. The Dow ended the session slightly lower, but all three indexes rose for the week and registered a second straight month of gains.
U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.S. economy than investors had feared. The Dow ended the session slightly lower, but all three indexes registered gains for the month and the week. The S&P 500 initially extended losses after Trump said he was directing his administration to begin the process of eliminating special treatment for Hong Kong in response to China's plans to impose new security legislation in the semi-autonomous territory.
Wall Street's main indexes retreated on Friday as investors were cautious ahead of a U.S. response to China's national security law on Hong Kong that threatens to take some shine off another month of strong gains for the stock market. President Donald Trump, who has warned of a tough response to China's move, is expected to hold a news conference at 2 p.m. ET (1800 GMT).
Nordstrom's (JWN) drab Q1 results reflect impacts of temporary store closures stemming from the COVID-19 situation.
The upscale retail giant took its medicine in the first quarter, clearing out aging inventory so that it will be able to capitalize on opportunities in the quarters ahead.
Shares of Nordstrom have been weak this year and were downgraded to a sell recommendation today by TheStreet's Quant Ratings service. In this daily bar chart of JWN, below, we can see that prices peaked in January and declined into early April which is a weaker performance than the broad market. The trading volume has been heavier than average since March but the direction of the On-Balance-Volume (OBV) line has been disappointing.
Yahoo Finance's Emily McCormick joins The First Trade to break down new economic data from the U.S. Bureau of Economic Analysis including personal income and personal spending during the month of April, in addition to Costco and Nordstrom earnings report.
At this time, I'll turn the call over to Trina Schurman, Director of Investor Relations for Nordstrom. Participating in today's call are Erik Nordstrom, Chief Executive Officer; and Anne Bramman, Chief Financial Officer, who will provide a business update and discuss the company's first quarter performance for 2020.
Investor reaction to Nordstrom's (NYSE: JWN) first-quarter 2020 earnings report seems mixed, at least as indicated by after-hours trading, with share prices rapidly see-sawing between positive and negative territory. The company's earnings per share missed both GAAP and non-GAAP Wall Street expectations, coming up at -$2.25 and -$0.96, respectively. Analysts forecast revenues would amount to $2.27 billion, or $150 million more than the $2.12 billion Nordstrom actually managed to deliver.
As of today, approximately 40% of the company's fleet is now open.
Nordstrom (JWN) delivered earnings and revenue surprises of -84.30% and -9.98%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?
Disappointing top- and bottom-line results isn’t great news. Yet given how poorly the department-store group has fared, investors may be relieved that today’s report wasn’t worse.
Nordstrom Inc released its first quarter earnings report after hours on Thursday, seeing a sharp drop on both top and bottom lines. The company didn’t offer any guidance for its next quarter but did emphasize that it had enough liquidity to get through the year. Yahoo Finance’s Myles Udland breaks down the retail companies earnings report.
May 28 (Reuters) - Upscale department store chain Nordstrom Inc on Thursday reported a nearly 40% slump in quarterly sales, as lockdowns to contain the COVID-19 pandemic forced it to shut stores.
Shares of upscale retailer Nordstrom (NYSE: JWN) were sharply higher on Wednesday afternoon, a day ahead of the company's quarterly earnings report, amid a broad-based market rally driven by rising optimism about the post-pandemic economy. As of 2:45 p.m. EDT, Nordstrom's shares were trading up about 14.9% from Tuesday's closing price. Expect an update on Nordstrom's efforts to reopen its stores tomorrow.
Shares of several upscale retail-chain operators were rising on Tuesday, on growing investor optimism after Macy's (NYSE: M) announced a significant refinancing deal. News that troubled department-store giant Macy's has secured a major refinancing deal seemed to be giving investors reason to bid up battered retail stocks on Tuesday.
Nordstrom's (JWN) first-quarter fiscal 2020 results are expected to reflect the impacts of extended store closures and increased costs. Higher online sales are likely to have cushioned the top line.
Over 30 million people have filed for unemployment benefits in the U.S., and the country faces a major recession. Macy's (NYSE: M) and Nordstrom (NYSE: JWN) are having to endure an extremely challenging scenario. From 2015 to 2020, Macy's revenue has gone from $28 billion down to $25 billion.
This week is a shortened trading week with major markets closed Monday in observance of the Memorial Day holiday. Investor focus will remain on the coronavirus and its impact on the U.S. economy as most states across the country continued their phased reopening plans.