|Bid||24.89 x 4000|
|Ask||24.93 x 1200|
|Day's Range||24.15 - 25.07|
|52 Week Range||21.47 - 38.14|
|Beta (3Y Monthly)||0.59|
|PE Ratio (TTM)||10.87|
|Earnings Date||Aug 21, 2019|
|Forward Dividend & Yield||1.20 (4.68%)|
|1y Target Est||30.52|
Best Buy and L Brands both reporting solid numbers and same-store sales beating estimates. This comes as tariffs weigh on big retails like Best Buy as they await how it'll impact their prices and the wider retail sector. Mary Epner, Principal at Mary Epner Retail Analysis joins Yahoo Finance's Seana Smith.
Shares of L Brands are trading higher today after beating earnings and revenue expectations in the first quarter. The company also raised the low-end of its earnings forecast in 2019. Nomura Senior Equity analyst Simeon Siegel joins Yahoo Finance's Julie Hyman and Adam Shapiro.
L Brands Inc. shares skyrocketed 12% after the company reported strength in its Bath & Body Works beauty chain, but questions remain about how to turn around its ailing signature brand, Victoria’s Secret.
The electronics chain could get wounded by the trade war -- but politics or no politics, people are still buying lotions and candles.
What should investors take away from Best Buy and L Brands earnings' reports? Jim Cramer rounds up retail and looks ahead to Foot Locker's earnings' report Friday before the bell.
The Fed might not cut rates soon and PMI has slipped. The Dow Jones Industrial Average lost 1.11% to close at 25,490.47. The S&P 500 tumbled 1.19% to end at 2822.24, and the Nasdaq Composite has dropped 1.58% to close at 7628.28.
Analyst Michael Binetti is not fully convinced, maintaining a Neutral rating with a $25 price target. The first quarter was another early signal of stabilization in L Brands' negative trends, he said.
U.S. stocks slumped on Thursday as investors dumped shares of companies in growth and cyclical sectors, with energy and technology leading declines, on fears that the escalating U.S.-China trade war would stymie global economic growth. Among S&P 500 sectors, only utilities and real estate, both considered defensive areas, registered gains as investors moved to safe-haven assets such as Treasuries. Stocks pared losses in the last hour of trading, but Wall Street's major indexes all ended more than 1% lower.
Victoria’s Secret’s has been slow to pick up on the changing tides within the industry, mainly the birth of the athleisure trend.
Among the S&P 500's major sectors, only utilities and real estate, both considered defensive areas, registered gains as investors moved to safe-haven assets such as Treasuries. Shares of S&P 500 technology and industrial companies, two sectors that have been bellwethers of trade sentiment, fell more than 2%. Shares of S&P 500 companies in the cyclical financial and energy sectors also tumbled, with the 3.8% drop in energy shares leading losses among S&P 500 sectors.
The market is starting to pick a direction and for many trend traders, that's great. They don't care which direction the market is going in, as long as it's going in one. Unfortunately, that direction may be lower. What makes this market so tough is, it takes one tweet from the president to surge or crush stocks on any given day. No matter your political affiliation, that makes trading tough. We'll do our best though, as we look at a few top stock trades for Friday. Top Stock Trades for Tomorrow 1: Amazon Click to EnlargeWe weren't surprised by the bounce in Amazon (NASDAQ:AMZN) with shares testing the 50-day earlier this month. However, InvestorPlace readers also shouldn't be surprised if AMZN goes on to test the 200-day now.InvestorPlace - Stock Market News, Stock Advice & Trading TipsShares are breaking below the month's low, is below the 50-day for the first time since March, and made a lower high when it found the 20-day moving average to be resistance a few days ago. * 6 Stocks to Buy for This Decade's Massive Megatrend The market can turn on a dime and AMZN could reclaim the 50-day on Friday or early next week. But right now, the charts are pointing to a further decline down to the 200-day. If it overshoots, look for the $2,700 breakout level to buoy the name.But I suspect Amazon will attract some buyers near $1,750 assuming it gets that low, and at least on its first test. Top Stock Trades for Tomorrow 2: Hormel Click to EnlargeHormel (NYSE:HRL) was a tricky post-earnings trade. Shares are down just 1.25% -- actually outperforming the S&P 500 on Thursday -- but took a mighty tumble earlier in the session.Shares hit a low of $37 in the first few minutes of trading and haven't looked back since. It gives investors a level to shoot against should they decide to take a position in this name. Holding up over $36 to $37 is constructive, but HRL still has its work cut out for it.The stock is still struggling to hurdle the 20-day moving average, currently at $39.74, while even larger resistance looms higher. Not only has $40 to $40.50 kept a lid on the stock since April, but the 10-week and 50-week moving averages are converging in this area. Further, the 50% retracement for the one-year range is up a little higher, near $40.90.If HRL can clear this area -- say to $41 -- it could continue moving higher. Top Stock Trades for Tomorrow 3: L Brands Click to EnlargeL Brands (NYSE:LB) is locked in a brutal multi-year downtrend. The 50-day and 20-day moving averages continue to act as resistance, which we're seeing play out on Thursday post-earnings, even though LB has so far rallied off its session lows. Incidentally, these were fresh 52-week lows as well.What now?While this is an apparel play, I would rather go with Target (NYSE:TGT), Home Depot (NYSE:HD), TJX Companies (NYSE:TJX) or another retailer that has momentum right now. As it relates to LB, shares need to reclaim the $25 level and the 20-day moving average for bulls make any headway. Below increases the odds that it will take out this week's low at some point down the road.This stock is down massively from its highs a few years ago, off more than 70% from peak to the recent low. Above $25 could get LB to $27.50 and/or the 50-day if momentum continues. Top Stock Trades for Tomorrow 4: Best Buy Click to EnlargeAmazon couldn't escape the selling and neither could Best Buy (NYSE:BBY). The latter is down 5.5% on earnings and the charts are breaking down.The 20-day and 50-day moving averages are acting as resistance and the stock has notched a lower high. Further, the 200-day is not holding as support, nor is the $66 level or uptrend support (blue line).Short of BBY reclaiming $68 to $69, a gap fill down to $60 seems more than possible. Top Stock Trades for Tomorrow 5: PepsiCo Click to EnlargeI really wanted to cover Roku (NASDAQ:ROKU) as it makes new highs, but we've been all over that one since Q4 2018. Instead, we'll do that on Friday and cover another strong stock instead: PepsiCo (NYSE:PEP).This dividend stud has been angry, up more than 22% from its January lows. Does it deserve this type of run?Maybe not, but I'm not going to fight the trend. Aggressive investors can buy dips into uptrend support, while more conservative bullish traders can nibble on tests of the 10-week moving average, provided it holds as support. Should trend fail, look for a possible retest of the $118 level as support. * 6 Innovative Stocks With Big Long-Term Growth Potential As for upside, PEP could run into the low $130s before it hits channel resistance, even though it's already had a strong run.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMZN and ROKU. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post 5 Top Stock Trades for Friday: AMZN, HRL, LB, BBY appeared first on InvestorPlace.
Shares of Lowe's Companies Inc. (LOW) tumbled 11.85% to $97.94 on Wednesday after missing consensus estimates on non-GAAP earnings for the first quarter of fiscal 2019 by 11 cents. It posted $1.22 per diluted share, a 2.5% increase from the prior-year quarter. Warning! GuruFocus has detected 2 Warning Signs with LOW.
The Victoria’s Secret parent reported a surprise earnings beat, but digging into what drove growth is troubling, analysts say.
Let's see if investors should buy Lululemon stock heading into its first-quarter fiscal 2019 earnings results?
L Brands Inc. bucked the trend: Not only were the retailer’s shares spared, they were on pace for their best one-day gain since 2009 after a better-than-expected first quarter earnings report. Investors were clearly dazzled by the strong performance of its Bath & Body Works chain, which delivered booming comparable sales growth of 13% from a year earlier – a gain that’s especially impressive given that it came on top of an 8% lift on this measure a year earlier. The health of the company depends on a revitalization of its largest brand, Victoria’s Secret, and these latest quarterly results did little to demonstrate that real change is taking hold there.
Check out the companies making headlines midday Thursday:L Brands LB — L Brands surged 12.8% after the parent company of Victoria's Secret and Bath & Body Works reported first-quarter earnings that surpassed expectations .
L Brands can thank a healthy love of lotions, soaps and bath bombs for its showing in the first quarter of the year.
U.S. stock indexes fell more than 1% on Thursday, as investors sold off technology, industrials and energy stocks on fears that a spiraling trade war between the United States and China would crimp global growth. Microsoft Corp and Apple Inc were down more than 1%, dragging the sector lower, while the chip index dropped 2.3%.