|Bid||0.00 x 3000|
|Ask||21.80 x 4000|
|Day's Range||21.68 - 22.19|
|52 Week Range||20.02 - 41.99|
|Beta (3Y Monthly)||0.47|
|PE Ratio (TTM)||6.15|
|Earnings Date||Aug 13, 2019 - Aug 19, 2019|
|Forward Dividend & Yield||1.51 (6.77%)|
|1y Target Est||23.54|
The beverage giant may be known as a reliable income stock, but here are a few better choices if you're looking for high yields.
DEEP DIVE Dividend stocks, which have performed well this year, may get another boost if the Federal Reserve cuts interest rates. With lower rates, income-seeking investors could use dividend stocks more than ever, and growth investors may also be interested because declining low interest rates prop up prices of higher-yielding stocks.
Macy's stock is so troubling to me because I find the remodeled Herald Square whimsical and fun. Kohl's is so difficult. It's been a long time since I have seen a CEO written off as a player as quickly as Michelle Gass, the new CEO of Kohl's has been.
For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating. For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity. Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review.
If the United States were to impose tariffs on another $300 billion worth of Chinese goods, it would cost U.S. consumers $12.2 billion more for their apparels, footwear, toys, and household appliances, the National Retail Federation (NRF) said on Friday. If the proposed tariffs are imposed, consumers would have to pay another $4.4 billion on apparel, $2.5 billion on footwear, $3.7 billion for toys and $1.6 billion for household appliances, the retail trade group said based on a study it had commissioned. "It would be impossible for all market participants in our industry to simultaneously move sourcing to other countries.
Rating Action: Moody's affirms ten and downgrades two classes of COMM 2013- CCRE7. Global Credit Research- 21 Jun 2019. Approximately $566 million of structured securities affected.
The retailer listed 26 items, ranging from women's pullovers to Christmas ornaments, and stressed that women would be hurt disproportionately by the proposed tariffs. 13 items on their priority list were apparels for women and girls. One wouldn't think the Administration would seek to emulate the Grinch, who left little Cindy-Lou Who with walls devoid of ornaments and 'nothing but hooks and some wire,'" J.C. Penney said in the letter https://www.regulations.gov/document?D=USTR-2019-0004-2525.
Statistically speaking, long term investing is a profitable endeavour. But along the way some stocks are going to...
Shares of Nike (NKE) have fallen nearly 4% over the last three months after the sportswear powerhouse warned Wall Street of slowing growth last quarter. Here's what to expect from Nike's top and bottom lines, as well as its key regions: China and North America.
Rating Action: Moody's affirms seven classes of GSMS 2015- GC32. Global Credit Research- 19 Jun 2019. Approximately $725.5 million of structured securities affected.
The past year has been a rough one for Micron (NASDAQ: MU) stock investors. Shares of Micron stock are down 45% from a year ago, but long-term investors should be considering buying the dip.Source: Micron The memory market has been weak, and Micron has certainly suffered. However, there are at least three reasons why the worst has now passed for MU stock, according to Bank of America analyst Simon Woo. MU Stock Is Fairly ValuedDespite ongoing weakness in the memory market, Micron's big sell-off has the stock valued attractively. In fact, the stock has recently traded at or below projected book values for fiscal 2019 through fiscal 2021. The stock's PE ratio of 3.0, its forward PE ratio of 7.8 and its price-to-free cash flow ratio of 4.7 are all absurdly low.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Stocks to Buy for $20 or Less Sure, given the market weakness one could argue these valuation metrics deserve to be low. After all, revenue and net income were down 20.6% and 51.0% last quarter, respectively. However, assuming you believe the pricing weakness in the NAND and DRAM markets will eventually recover, Micron stock has no business at its current valuation.Many of the stocks trading at single-digit earnings multiples are facing secular, not cyclical headwinds. Companies like Macy's (NYSE: M), Kroger (NYSE: KR) and HP (NYSE: HP) arguably deserve their low single-digit earnings multiples. Micron does not. 2\. Micron Is Still ProfitableDespite a cyclical downturn in the memory market, a softening global economy and a trade war between the U.S. and China, Micron is still profitable. It's a perfect storm for Micron bears at the moment. Yet the company reported $1.42 in EPS last quarter.Maybe it will take a quarter or two for the market to stabilize and for Micron's business to return to growth. In the meantime, how much more downside can traders expect out of a stock that has relatively strong underlying fundamentals?China accounts for roughly half of Micron's sales, and the recently blacklisted Huawei accounts for 13%. Bank of America is projecting a 20% quarter-over-quarter decline in DRAM prices in the fiscal fourth quarter. Yet even though everything is going wrong for Micron, Woo says the company will likely maintain operating margins above 20%.Fiscal 2019 through 2021 EPS will be in the $3 to $5 range, according to Woo. Even assuming the $3 low end of that estimate range, it still means the stock is trading at a forward PE of under 11. Maybe there's not tremendous upside if Micron's numbers disappoint. But it's very difficult to see much wiggle room to the downside from current levels. 3\. Expectations Are Extremely LowOne of the reasons why it will take a lot for Micron to trigger additional selling volume is because expectations are already so low. Woo says Micron will likely report a modest earnings miss later this month. However, the stock is already down 12.4% in the past month and 15.7% in the past three.Woo says even a guidance cut from Micron management might not move the stock."A bearish guidance at the 3Q FY19 results call and consequent consensus estimate cuts should not be a surprise for investors," Woo said.In addition, minimal debt, positive free cash flow and disciplined capital spending provide plenty of cushion for Micron's business. The company has the financial flexibility to weather the storm."We do not expect consensus estimate cuts or bearish guidance (for Nov'19-end quarter) to be a negative surprise, given investors' low expectations," Woo sais.Finally, potential bullish catalysts, such as a trade war deal, are certainly not priced into MU stock. In fact, Woo says DRAM pricing should stabilize and begin to rise again throughout fiscal 2020. He estimates Micron will return to earnings growth beginning in the fiscal first quarter. Bottom Line on Micron StockYes, things have been bad for Micron. Yes, the memory market is still very weak. But semiconductor investors know the industry is prone to cyclical downturns. The current downturn has been rough for Micron. However, all things considered, its business has held up relatively well.Secular demand for memory hardware isn't going away anytime soon. Micron's market will improve, and investors will once again appreciate the stock's value. Traders who buy now may be getting in a bit early. But with valuation providing a near-term floor, the risk-reward balance is firmly skewed to the upside.Bank of America has a "buy" rating and $43 price target for MU stock.As of this writing, Wayne Duggan did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post 3 Reasons to Keep Ignoring Bad News and Keep Buying Buy Micron Stock appeared first on InvestorPlace.
Macy's Inc NYSE:MView full report here! Summary * Perception of the company's creditworthiness is neutral but improving * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate and increasing * Economic output in this company's sector is contracting Bearish sentimentShort interest | NeutralShort interest is moderate for M with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on May 24. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding M are favorable, with net inflows of $9.27 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator with a strengthening bias over the past 1-month. M credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The top two department store chains have had radically different experiences with their off-price retail experiments.
The ratings on three principal and intrest (P&I) classes were upgraded based primarily on an increase in credit support resulting from loan paydowns and amortization. The deal has paid down 24% since Moody's last review. The ratings on six P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges.
It's no secret that Amazon (NASDAQ:AMZN) shook up the retail sector, especially the brick-and-mortar boxes. That created a global trend to shift most shopping transactions online. This is not a fad and it is still in its infancy stage so it won't reverse anytime soon. All retail companies are either already present online or scrambling to get there, so the acceleration is exponential. There are a few winners but most are struggling, Most brick-and-mortar stores continue to suffer even after a decade of the AMZN shock. Some have perished along the way, and many outcomes are still in limbo.Source: Mike Mozart via Flickr (Modified)But there are clear winners like Target (NYSE:TGT), Costco (NASDAQ:COST) and Walmart (NYSE:WMT) who are still thriving. Today's write-up is to share an upside opportunity that could take Target stock to $120 per share.Year-to-date, Target stock is up 32%, which is at least 17% better than WMT and AMZN and almost double that of Costco. The SPDR S&P Retail ETF (NYSEARCA:XRT) is merely up 2% for the same period. Macy's (NYSE:M) and Kohl's (NYSE:KSS) are down 25% in 2019.InvestorPlace - Stock Market News, Stock Advice & Trading TipsClearly, Wall Street is in favor of Target's prospects. However, the next few upticks won't be easy as it is headed into resistance.Last year ended badly for stocks. The disaster started in October and TGT stock, like the rest of them, fell off a cliff on Oct. 2, but it fought hard a month before finishing the 33% correction from September top to December bottom. But since then, TGT rebounded hard and rallied 45% to recover the entire correction. * 7 Top-Rated Biotech Stocks to Invest In Today When a stock recovers from a massive accident and reaches the ledge from which it fell, usually it encounters selling. Investors who got stuck long TGT close to $90 will want out. Besides pivot zones, this usually creates congestion in price action, which translates into resistance. So, TGT will need time and a few pushes to breach through the October accident scene.The TGT rally was not sector-wide as only the stars have bounced well. The XRT, M, KSS and JC Penny (NYSE:JCP) did not recover. So clearly investor sentiment still favors owning TGT, WMT or COST in retail.This is not a coincidence since they have all used thin margins as a power pitch for a long time, even before Amazon. So this made it a fair fight among the four. WMT and COST compete the hardest in that area, but Target lies somewhere in the in the middle.Even though its stock is up more than the other three winners it is still the cheapest of them as well. TGT has a price-to-earnings ratio of 16, which is half that of WMT and COST and five times cheaper than Amazon.So why is Target the stock to buy? It's doing things right and it's still cheap. It's just a matter of picking the right entry point.Since it's coming into resistance, those who are looking to own Target shares for the long term can start with a partial position now thereby leaving room to build it up in the next few weeks.More active traders can chase the break out above the highs. TGT stock will attract buyers above $89.20 but then more at $90.50. It is important to note that it could already be in a breakout targeting $97 per share. Crossing the all-time high could raise the target to $120 per share. The bulls have been setting higher lows attacking necklines. They already crossed the one near $83 and the all-time high is the next. How to Approach Target Stock NowFundamentally, Target management found a few niches in technology and fashion and they have avoided many of the typical retail pitfalls. They've always been a bargain play but with style and they continue to build upon those tools. They've even skirted a few headlines in the past few years, so this team is competent enough to get the job done.I can say the same for Walmart and COST, but they are both too expensive right now from my taste. Wall Street is giving them too much love so they are vulnerable to negative headlines. Conversely, TGT has less froth to shed on bad news. Yes, it's more expensive than say Macy's, but for good reason -- cheaper is not always better.Critics say that Wall Street is too flippant in the face of many concerns. But this time, unlike like last year, the Federal Reserve are no longer raising rates, in fact consensus is that they are going to cut rates maybe as early as this week. So they will prop up stocks if they need to, even though we have full employment and a strong retail environment. * The 10 Best Index Funds to Buy and Hold This is pretty close to Utopia, where good and bad economic news are good for stocks. This is why the bears are unable to maintain selling pressure on the indices too long, unlike they did last fall. The buy-the-dip-gang is in full control … for now.Case in point, sellers tried to break the Target stock rally in April but they failed. Buyers successfully defended it and finished the rally job.In summary, there are few winners in the retail sector and among them TGT stock is most interesting now. But since we are still in the middle of a whirlwind of geopolitical headlines, it's best to start with a partial position thereby leaving room to add some more ever time. After all the equity markets are near all-time highs so they are vulnerable to corrections.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 free here. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Tech Stocks to Buy for the Second Half of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 4 Semiconductor Stocks to Sell Compare Brokers The post Target Stock Is Still One of the Best Retail Plays appeared first on InvestorPlace.
Consumer spending has taken a backseat in the first quarter. The US economy is facing headwinds like slower tax refunds, declining job numbers, and escalating trade tensions. The trade war is a major headwind for apparel retailers.
Target (NYSE:TGT) stock has been red-hot in 2019 for one very simple reason: the big-box retailer is on fire. Over the past several months, TGT has fired off quarter after quarter off hugely positive comparable sales growth, second-to-none digital sales growth, profit-margin stabilization, and strong profit growth. As shown by the struggles of Nordstrom (NYSE:JWN), Macy's (NYSE:M), and J.C. Penney (NYSE:JCP), TGT has achieved all of those milestones all against the backdrop of a shaky retail environment.I Source: Mike Mozart via Flickr (Modified)Investors have celebrated Target's resilience and strength. That's why Target stock is up more than 30% this year. As for the rest of the retail sector, the SPDR S&P Retail ETF (NYSE:XRT) is up just 2% in 2019.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 7 Best Tech Stocks to Buy for the Second Half of 2019 This outperformance by Target stock will continue. That's because TGT has found a winning strategy that boils down to transforming into a low-cost, all-in-one, omnichannel retailer. There are only three other retailers of similar size that can compete with TGT in this low-cost, all-in-one, omnichannel game. Their names are Amazon (NASDAQ:AMZN), Walmart (NYSE:WMT), and Costco (NASDAQ:COST). In contrast to the other names in that group, Target has carved out a niche for itself by providing a higher-quality, physical-first shopping experience.So TGT has not just found a winning strategy in the retail sector, but it has also created a sustainable niche for itself. That means Target will remain red hot for the foreseeable future, so Target stock will continue to grind higher. Target Has Found a Winning StrategyFor a while, TGT was considered a left-for-dead retailer that would be gobbled up the e-commerce wave. But, over the past several years, two things have happened.Specifically, it became obvious that omnichannel, not e-commerce, is the future of retail, and Target's innovations enabled it to to become a second-to-none omnichannel retailer.On the first point, e-commerce is certainly where all the growth is happening in the retail world. But it's not entirely cannibalizing the physical channel. Consumers still like to go shop in stores, whether to try things on, see things first-hand, or simply relish in the physical shopping experience, or combinations of those. That's why e-commerce still represents just 10% of total retail sales, and why e-commerce growth rates are already slowing.Thus, the future of retail is not just online. It's a mix of physical and digital.As for the second point, the vibrancy of omnichannel naturally benefits large physical retailers because it costs significantly more money to build a physical store presence than to build an online one. TGT realized the advantage its large network of stores gave it, and it has run with its edge. The company has innovated left and right, rolling out things like buy-online, pick-up-in-store; same-day delivery; and automated checkouts. All of these things have helped Target become a low-cost, omnichannel retail giant.Importantly, TGT is different than its peers in the low cost, omnichannel game. Target offers a much higher quality shopping experience than Walmart, it doesn't require a membership like Costco, and it depends more on its physical stores than e-commerce, unlike Amazon. Target Stock Can Rise FurtherTGT's comparable sales growth has been 3%-plus for five straight quarters now, and roughly 5%-plus for four straight quarters. Its traffic growth has been 4%-plus for four straight quarters. TGT's digital- sales growth has run north of 30% for four straight quarters and north of 25% for five straight quarters. Its margins, which used to be under immense pressure, are starting to stabilize.Target's winning and defensible strategy has produced very strong numbers for the retailer.The company's growth will naturally slow over the next several years as its comparisons get harder and its omnichannel growth initiatives become less powerful. But its growth should remain healthy, as Target has proven that it can and will remain an important part of the U.S. retail world.As a result, 1%-3% comparable sales and revenue growth over the next several years seems doable. Its gross margins should stabilize during that stretch, as less steep discounts are offset by higher fulfillment costs. Its operating-spending rate should drop as it utilizes more automation and cuts some labor expenses. Target should report low-single-percentage-digit revenue growth and mid-to -high-single-digit-percentage profit growth over the next several years.I realistically think $8.50 is achievable by fiscal 2025. Based on a forward multiple of 16, which is average for the market, that implies a fiscal 2024 price target for Target stock of $136. Discounted by 7% per year (rather than 10%, because of the 3% yield of Target stock), that equates to a 2019 price target north of $95. The Bottom Line on TGT StockTGT is a winning retailer that has proven its staying power in the stable-growth, omnichannel retail world. As a result, it should be a slow and steady revenue and profit grower over the next several years. That slow and steady profit growth should keep TGT stock on a winning path, as long as the valuation of Target stock continues to remain in check.As of this writing, Luke Lango was long TGT, JWN, AMZN, and WMT. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post Why Red-Hot Target Stock Can Rise Further appeared first on InvestorPlace.
Macy's (M) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Dillard's (DDS) gains from trendy product offerings as well as store growth and omni-channel efforts. This places it ahead of peers in an evolving retail space.
Businesses from across the country are making their way to Washington to ask the Trump administration not to put tariffs on products they import from China. Yahoo Finance's Jessica Smith joins Seana Smith.