|Bid||44.99 x 800|
|Ask||45.01 x 800|
|Day's Range||44.79 - 48.37|
|52 Week Range||43.33 - 83.28|
|Beta (3Y Monthly)||1.06|
|PE Ratio (TTM)||9.36|
|Earnings Date||Nov 19, 2019|
|Forward Dividend & Yield||2.68 (5.56%)|
|1y Target Est||60.00|
The stock markets are still reeling from a slew of geopolitical risks. The situation is made worse by deteriorating economic conditions especially outside of the United States. Here the earnings reports are still overall constructive. Much of the company caution flags stem from self-inflicted economic trade wars.The trick to investing is finding what stocks to trade now. There are active stocks that in the next few hours there are some opportunities and today we look at Baidu (NASDAQ:BIDU) , Alphabet (NASDAQ:GOOGL), Kohl's (NYSE:KSS), Home Depot (NYSE:HD) and The TJX Company (NYSE:TJX). Top Stock Trades for Tomorrow No. 1: BIDUInvestorPlace - Stock Market News, Stock Advice & Trading TipsBIDU stock has been in the dumps for a long while. Even though statistically it's cheap selling at 12 price to earnings ratio, sellers in the BIDU stock have been relentless.Tuesday, management reported and investors loved what they saw. BIDU stock spiked 8% on the headline. The trick now is what comes next. This spike could be the start of something good but given the long span of negative action, onus is on the BIDU bulls to prove they can sustain the buying. * 10 Undervalued Stocks With Breakout Potential So the better thing to do is wait for triggers before I buy the BIDU stock. Last earnings report BIDU collapsed from $150 per share and left a giant gap. But it has since settled into a lateral range. The first trigger is when bulls can move the BIDU stock above its highest point in that range. Then and only then can we hope it can start filling the gap.If there is no trigger then there should be no trade. The first line to cross is $117.50, then $122. Patience is key here especially for those looking for a tactical trade in BIDU stock. If this is an attempt at a long term trade then waiting out pennies is futile and they should buy BIDU stock here. Top Stock Trades for Tomorrow No. 2: HDHD reported a less than stellar report and guided lower. Yet the stock spiked on the news. This usually is a positive sign that the sellers of HD stock are tired. So the bulls may have an opportunity to break through the recent range.The opportunity comes from breaking out to new highs. It won't be easy and it will need the help of the general markets to do it. Alone HD stock is not likely to set new highs if the S&P is falling on geopolitical fears.HD stock failed below $217 zone in October of 2018 and it took it a full year to get back to it. So this is a level to mark as important and actionable. In this case and since recently it was above it, I consider the range between $215 and $219 as the breakout line.It will take intestinal fortitude to buy a stock near its highs while there is so much global risk. This is definitely a momentum trade where buyer of HD stock hope to buy high and sell higher. Chasing runaway stocks is not for everyone, nevertheless the opportunity is there for those who can stomach it. There are plenty of froth below to price out if markets fade. Top Stock Trades for Tomorrow No. 3: KSSKSS reported earnings Tuesday and the stock spiked on the news. So management reported something that Wall Street initially liked. Unfortunately, the spike faded and KSS stock went -5% in the red. Only time will tell if the investors enthusiasm returns. Now job one for KSS stock bulls becomes to hold the higher low trend so they can continue to have a constructive chart.Technically, the stock filled an open gap to $50.50 per share before fading. From here there will be the repeat of this opportunity after they stabilize from the disappointment. There are bigger gaps to fill to $62 per share but that's putting carts before horses. There important trigger line on the rebound will be $48.50.So I can buy KSS stock to anticipate stabilization and hope for a rally. Or I can chase if it recovers the point of control noted earlier. Even then, these are prior fail zones that will be tough to break through so the KSS stock bulls need the help of general markets to do it.Alternatively and since the report was not a disaster, I can instead of chasing upside sell downside puts or spreads to generate income without needing a rally to profit. Top Stock Trades for Tomorrow No. 4: GOOGLGOOGL is a great american company that doesn't usually create inflammatory headlines. But of late the regulators in the US have GOOGL, Amazon (NASDAQ:AMZN), Facebook (NASDAQ:FB) and other in their cross hairs. So GOOGL stock has in essence become a headline trade mucking up great fundamentals.Every major dip in GOOGL stock has been a buying opportunity. On Monday GOOGL stock celebrated its 15 year anniversary and investors who owned it the whole time have 2500% returns to enjoy.This week, GOOGL stock has a move brewing and it could be a nice upside opportunity if headlines allow for it. It has been setting higher lows and lower highs. So the range is tightening into a point. Usually these build up energy that needs to resolve itself in a big move.If the GOOGL stock bulls can close above 1210 they can target the $1250 zone. And if that happens then they'd be sitting at the gates of yet another breakout opportunity for $1300 or higher. It won't be easy especially in the face of negative political rhetoric. So GOOGL stock will need the markets to be also rallying for that breakout to sustain itself.Below $1160, GOOGL stock is vulnerable to test its point of control around $1119. If that happens it would be a great opportunity to catch the falling knife there. Top Stock Trades for Tomorrow No. 5: TJXTJX reported earnings on Tuesday and investors hated it. The TJX stock fell 4% on the headline. They cited many difficulties including inventories. These are usually transient problems and I bet the TJX fans will defend the stock.So it will be interesting to watch how the stock finds a bottom then mount a relief rally once the report headline noise abates.The May correction ended at $49 per share for TJX stock. So this is where I expect the bulls to make their stance. Otherwise, it could lose another $2 but the whole zone is supportive. So there is a short term bounce trade in TJX but it's a matter of timing. * 10 Undervalued Stocks With Breakout Potential This is a quality stock so eventually will shrug the effects of one report off and resume higher. As long the overall market cooperates, traders can buy TJX stock starting Wednesday or Thursday for the opportunity of a bounce rally that could target $52.50 per share.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 5 Top Stock Trades for Wednesday: BIDU, GOOGL, KSS, HD, TJX appeared first on InvestorPlace.
Kohl's earnings topped views but the department store giant missed same-store sales estimates. Kohl's stock sank. Nordstrom reports Wednesday.
Milwaukee Tool bought an office building in Menomonee Falls from Kohl’s Corp. as the manufacturer continues a long-running expansion in southeast Wisconsin.
If you feel like celebrating after two sessions of big stock market gains, it might be better to keep the cake in the cupboard at least for now. While it’s tempting to say that the wicked witch of falling bond yields is dead, a lot of signs continue to indicate we might not be out of those lion-infested woods. Stocks had a flat feel in pre-market trading Tuesday, but strong results from Home Depot Inc (NYSE: HD) and Kohl’s Corporation (NYSE: KSS) provided more evidence of the health of the consumer (see more below).
(Bloomberg Opinion) -- Look at some of the headline numbers in Kohl’s Corp.’s second-quarter earnings report, and you’d surmise that things are pretty grim for the department-store chain. Look at the text of the press release, though, and you’ll find bread crumbs of information that suggest it is turning the corner on its near-term problems.Kohl’s comparable sales fell 2.9% from a year earlier. That’s a worse result than analysts had estimated – and their views of how the quarter would shape up had already darkened significantly after the retailer slashed its annual guidance back in May following a rough first quarter. On top of that, gross margin in the second quarter slipped to 38.8% from 39.5% a year earlier, likely reflecting efforts to be more competitively priced in its home-goods department after struggling in that area earlier this year.Yet other details from Kohl’s results don’t paint such a gloomy picture. The company said comparable sales turned positive near the end of the quarter, rising 1% from a year earlier in the last six weeks of the period. CEO Michelle Gass also noted in the press release that improvement has continued into the early part of the third quarter, with back-to-school shopping off to an upbeat start.Importantly, Kohl’s – unlike some of its competitors promising an imminent turn in momentum – has offered a plausible list of catalysts for continued progress. The company is adding several prominent brands to its lineup, including shoe label Nine West and an exclusive home-goods line from HGTV stars Drew and Jonathan Scott. It will also sell Elizabeth and James, a trendy clothing label by Mary-Kate and Ashley Olsen. By beefing up both its selection of familiar national brands as well as exclusive goods shoppers can’t get anywhere else, it is taking concrete steps to improve its merchandise selection.It helps, too, that it has a new tactic for getting more shoppers to see those goods in the first place: Its recently-launched partnership with Amazon.com Inc. In July, the retailers rolled out nationwide a program in which Kohl’s brick-and-mortar stores accept customers’ returns of Amazon purchases. I am optimistic about what that arrangement can do for both companies. Kohl’s needs footsteps in its stores, and the Amazon partnership has provided just that in pilots in the Chicago and Los Angles markets. And, as I’ve noted before, it isn’t insignificant that Amazon fares better than Kohl’s with younger shoppers – potentially giving it access to a demographic that Gass has said the company needs to do a better job of reaching. Gass said in the press release that she is “confident” that added traffic from the Amazon returns program will boost sales in the second half of the year, hinting the program is at least meeting the company’s expectations in its early weeks.In some ways, Kohl’s could be said to be in worse shape than key rival Macy’s Inc., which at least managed to eke out narrowly positive comparable sales in the quarter and has guided for flat to slight growth on that measure for the year. Yet I’m still more optimistic about Kohl’s prospects for reinvention over the long haul.The Amazon returns program is a far more promising driver of visits from new customers than anything Macy’s has put forward. Also, while both retailers have embraced a strategy of becoming more productive by shrinking certain store locations rather than closing them, I currently have more confidence in Kohl’s ability to make that approach successful. Kohl’s has more physical locations overall, but they’re largely in strip centers, not in enclosed malls that are structurally challenged. I suspect that makes it easier for Kohl’s to find ways to monetize that unneeded space, something it is already doing with arrangements with the likes of Aldi and Planet Fitness. Like all department stores, Kohl’s still has much to do to prove it can thrive, not just survive, in today’s retail environment. A significant improvement in comparable sales in the third quarter – which now seems likely – would be a step in that direction.To contact the author of this story: Sarah Halzack at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
on original shows and movies for its new video streaming service that it hopes will challenge the likes of Netflix, Disney and AT&T-owned HBO. The company’s new TV+ service will go live within the next two months, according to people briefed on its plans, in an attempt to pre-empt the launch of Disney Plus, which is scheduled to debut in the US in November. Apple has not yet revealed pricing or other key details for its TV+ subscription service, but said new content would be added every month after the service launches in more than 100 countries.
Kohl's (KSS) delivered earnings and revenue surprises of 1.97% and -0.57%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?
Kohl's (NYSE: KSS) reported second-quarter earnings of $1.55 per share, which beat the analyst consensus estimate of $1.53 by 1.31%. The company reported quarterly sales of $4.43 billion, which beat the analyst consensus estimate of $4.2 billion by 5.48%. Kohl's reaffirmed fiscal year 2019 EPS guidance of $5.15-$5.45 versus the $5.23 estimate.
Shares in the department store chain were down 4.4% at $46.08, at 1455 GMT on Tuesday, reversing course after initial gains fueled by an earnings beat and expectations Kohl's new partnerships and an expanded Amazon returns program would bear fruit later this year. In an escalating trade war, Washington's proposed tariffs on an additional $300 billion worth of Chinese goods, which would include apparel and footwear, have made retailers nervous, with some warning of possible price increases for U.S. shoppers. Chief Executive Officer Michelle Gass told analysts the retailer was working with its vendors to soften any tariff blow and that its margin forecasts already accounted for any additional levies.
Kohl's Corp. stock rose 4.2% in Tuesday premarket trading after the retailer reported second-quarter earnings and sales that beat expectations. Net income totaled $241 million, or $1.51 per share, down from $292 million, or $1.76 per share. Adjusted EPS of $1.55 beat the FactSet consensus for $1.53. Revenue of $4.43 billion was down from $4.57 billion last year but ahead of the FactSet guidance for $4.31 billion. Kohl's had a same-store sales decline of 2.9%, below the 2.4% decline FactSet forecast. Chief Executive Michelle Gass said in a statement that same-store sales turned positive during the last six weeks of the quarter with 1% growth. "We are confident that our upcoming brand launches, program expansions, and increased traffic from Amazon returns program will incrementally contribute to our performance during the balance of the year and beyond," she said. Kohl's reaffirmed its annual EPS guidance of $5.15 to $545. FactSet expects $5.23. Kohl's stock has tumbled 27.3% in 2019 while the S&P 500 index has gained 16.6%.
MENOMONEE FALLS, Wis.-- -- Comparable sales decrease 2.9% Diluted earnings per share of $1.51 Adjusted diluted earnings per share of $1.55 Affirms adjusted annual diluted earnings per share guidance of $5.15 to $5.45 Kohl’s Corporation today reported results for the quarter ended August 3, 2019. Three Months Six Months 2019 2018 Change 2019 2018 Change Total revenue $ 4,430 ...