|Bid||0.00 x 1200|
|Ask||0.00 x 800|
|Day's Range||16.69 - 17.37|
|52 Week Range||1.09 - 200.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
More consumers actually prefer buying — or even renting — used clothing from RealReal and other retail industry disrupters.
For every Beyond Meat, Inc. or Zoom Video Communications, Inc. that has held gains far above IPO pricing, there are those in pain such as The RealReal, Inc. or Lyft, Inc. But defensive plays in traditionally boring sectors have shown some astounding strength that could continue into the fall. That's according to All Star Charts, […]
On the heels of its second-quarter Source: Jonathan Weiss / Shutterstock.com earnings report last week, Nordstrom (NYSE:JWN) got a much-needed boost. The Nordstrom stock price swiftly went from $25 to $29. But of course, for those who have been long on JWN stock for some time, this was far from enough. The fact is the shares have been a portfolio buzz kill for the past five years. During this period, the return was an average -10% or so. In fact, for the past 12 months, the shares are off over 50%!Keep in mind that the latest earnings report was still not particularly good either. For the most part, it was better than the terrible Wall Street expectations, at least on the bottom line. The decline in earnings per share was less than the consensus forecast.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd yes, JWN continues to have struggle ginning up growth on the top line. During Q2, revenues dropped 5% on a year-over-year basis to $3.87 billion. This was the third consecutive decline.The fiscal year guidance also calls for a decline of 2%. Note that the prior guidance was for 0% to -2%. The Real ProblemsSo then what now for Nordstrom stock? Could this be a contrarian play? Or should investors be cautious? * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off Well, there are definitely some positive factors to consider. For example, in the latest quarter, JWN reported much better inventory management (there was a 7% drop on an annual basis), which helped keep costs lower.It's also encouraging that the company has remained focused on being disciplined with growth. There has also been innovation with new formats, such as local stores.Oh, and JWN has a solid digital footprint, which is seamless with the physical stores. About 30% of overall sales come from ecommerce, which is one of the highest among traditional retailers.And of course, the company has the advantages of strong customer service and unique merchandise- which should provide competitive advantages.But unfortunately, such factors may still not be enough. With the relentless drive of operators like Amazon.com (NASDAQ:AMZN), there has been a transformation of consumer behavior.There are also fast-growing startups, like the Stitch Fix (NASDAQ:SFIX) and RealReal (NASDAQ:REAL), that are innovating the market such as with easy access to second-hand goods or the leveraging of AI (Artificial Intelligence) and ML (Machine Learning).No doubt, it does not help that JWN's locations are heavily concentrated in malls, which have seen deteriorating traffic. Because of this, it may not matter much if the company has strong inventory or a solid omnichannel strategy.In the meantime, the leadership structure does not look ideal. It's essentially a committee of three family members that manage different parts of the business and come to decisions via consensus. In today's dynamic world, this appears to be a recipe for slow-moving reactions and initiatives. Bottom Line on Nordstrom StockOn the face of it, Nordstrom stock is trading at bargain levels. Consider that the forward price-to-earnings ratio is 8.3X. There is also a juicy dividend yield, which is at 5.3%.What's more, there could be some near-term catalysts for Nordstrom stock. According to the Wall Street Journal, the Nordstrom family is evaluating the increase in the equity stake from 33% to 50%. This may include a major buyback at a premium to the current stock price.But this does not solve the core problem with Nordstrom stock: growth. Regardless of its investments and innovations, there has been little impact on the top line.In other words, the bull moves may prove to be temporary events.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off * 7 'Strong Buy' Stocks to Beat Volatility * 7 Mega-Cap Tech Stocks on a Rebound Now The post Recent Moves in Nordstrom Stock Are Just a Dead Cat Bounce appeared first on InvestorPlace.
The San Francisco tech retailer's latest funding round will accelerate new retail partnerships, infrastructure expansion, and marketplace growth.
The RealReal’s secondhand luxury model recovered quickly from unexpected discounting at department stores, executives said.
What a beating bulls are taking on Wednesday. Just a day after the markets were jumping higher on delayed tariffs, they're down much more as the 2-year and 10-year Treasury yield curve inverted. Let's look at some top stock trades. Top Stock Trades for Tomorrow No. 1: Nvidia (NVDA)Almost a year after falling apart, Nvidia (NASDAQ:NVDA) stock is still trying to find its footing. Shares are dangling by a thread at $148, a level that marks the August lows.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 15 Growth Stocks to Buy for the Long Haul Below this level immediately opens up NVDA stock to a possibly decline down to $144. Below that and the support range between $130 and $135 is on the table.If $148 holds, bulls will need to see Nvidia reclaim the 50-day and 200-day moving averages near $159 and $162 before shares look better on the long side. Top Stock Trades for Tomorrow No. 2: Alphabet (GOOGL)Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) is perched in a precarious spot. The stock is resting right on uptrend support (blue line), which has been in place since the June lows.If support holds, look to see that GOOGL reclaims the 20-day moving average and 38.2% retracement. If it fails, Alphabet looks attractive near $1,140. There it will have the 50% retracement, with the 50-day and 200-day moving averages just below.If the stock really craters, a dip into the $1,000 to $1,020 area has been a good buy zone for GOOGL. Top Stock Trades for Tomorrow No. 3: Cisco (CSCO)Cisco Systems (NASDAQ:CSCO) is sitting in a very right-or-wrong position as range support sits between $50 and $51. It helps that the 200-day moving average is at $50.60 as well. The 38.2% retracement is just above this mark as well.See what I mean? Either support holds and Cisco bounces, or it fails and lower prices will be ushered in.Below this range could trigger a decline down to the 50% retracement near $49.25-ish. Below that and the 61.8% retracement near $47 could be in play.If support holds, a bounce up the 20-day moving average is the first upside target, while the 50-day moving average is the second target.Making it all that much trickier? Cisco reports after the bell. Top Stock Trades for Tomorrow No. 4: The RealReal (REAL)The breakdown in The RealReal (NASDAQ:REAL) showed itself a few days ago, when support gave away as downtrend resistance was squeezing it lower. Wednesday's 15% post-earnings beating only worsens the loss, as REAL is now well below its $20 IPO price.From an investment standpoint, perhaps investors may start to find The RealReal attractive. From a trading perspective, it's anything but.Bulls need to wait for a reversal to take place in REAL. Ideally, shares will trade below the daily low and reverse higher, closing above those prior lows. A higher open that fails to take out the lows makes the rally somewhat suspect, but not impossible.Give this one some more time to set up if you're trading it, particularly in this current environment. Top Stock Trades for Tomorrow No. 5: Talend (TLND)Talend (NASDAQ:TLND) has been a beast on Wednesday, rallying 1% in the face of a big market decline.Shares continue to trade really well this month, gapping up over downtrend resistance (purple line), and maintaining above the 20-day and 50-day moving averages.A close over $40 likely kickstarts a rally up to the 200-day moving average. If short-term uptrend support fails (blue line) and TLND trades below $38, look for moving average support to buoy the name.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVDA and GOOGL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy for the Long Haul * 5 More Cloud Stocks With Plenty of Potential * 5 Clean Energy ETFs to Buy for 2019 The post 5 Top Stock Trades for Thursday: NVDA, GOOGL, CSCO, REAL appeared first on InvestorPlace.
RealReal Inc (NASDAQ: REAL) shares are plunging one day after reporting its second-quarter report. Credit Suisse analyst Michael Binetti said despite heightened investor fears heading into the quarter, it was key for the company to show upside to top line consensus expectations. Bank of America analyst Justin Post saw the second quarter as solid with order volume upside, increase in repeat customer GMV and progress on pricing automation as positives.
Not for the first time, America's famous tech behemoths seem to be in regulators' crosshairs; The RealReal, meanwhile, posts its first quarterly figures as a publicly traded company.
Dow Jones futures: The Treasury yield curve inverted Wednesday morning, sparking recession fears on weak China and German economic data. That followed Tuesday's stock market rally.
U.S. stock futures decline a day after the U.S. said it would hold off on levying tariffs on Chinese imports, including consumer products such as cellphones, laptops and toys; Cisco and Macy's report earnings; CBS and Viacom merge to form a $30 billion media giant; Tilray sinks after posting a wider-than-expected quarterly loss.
The online marketplace for second-hand luxury goods posted revenue of $71 million, up 51% year over year, and slightly ahead of Wall Street’s consensus of $70.1 million.
Shares in RealReal Inc. , an e-commerce company that sells secondhand luxury goods, jumped more than 13% after its first earnings report as a public company Tuesday. The RealReal went public in late June, receiving an initial valuation north of $1.5 billion that grew quickly on the public markets. Shares took a hit last week, however, after tough earnings reports from two other young e-commerce stocks focused on luxury goods, FarFetch Ltd. and Revolve Group Inc. Shares moved higher and lower in after-hours trading Tuesday as investors digested losses that appeared to be much greater than expected until taking the share count into play. RealReal reported second-quarter losses of $26.9 million, or $2.83 a share, on sales of $71 million, up 51% from the year before. After adjusting for stock-based compensation and other effects, the company claimed losses of $2.50 a share, but said that would have fallen to 28 cents a share using the share count expected after the IPO, which took place after the quarter closed. Analysts on average expected adjusted losses of 33 cents a share on sales of $71 million, according to FactSet. RealReal shares closed Tuesday with a 4.9% decline at $17, but were closer to the IPO price of $20 a share in after-hours trading.
Bay Area unicorn tech companies stampeded toward the IPO gate this year, making a large number of founders billionaires — in some cases more than four times over. Seven founders of the 11 Bay Area tech companies that went public this year now hold stakes worth more than $1 billion, based on the founders’ holdings on the day of the IPO, as noted in their Securities and Exchange Commission filings, as well as closing stock prices on Monday. “The one difference from 10 years ago is many of them have already sold stock through secondaries while private, so they usually have taken care of the basics like buying a home by the time they go public,” said Andy Rachleff, co-founder and CEO of online financial advising firm Wealthfront.
After a turbulent week for stocks, the markets are facing another volatile week as the trade war and key economic data take centerstage.
(Bloomberg) -- Shares in three of the year’s hottest IPOs, Uber Technologies Inc., Revolve Group Inc. and Fastly Inc., plunged Friday as the latest batch of newly listed companies reported some of the most disappointing results this earnings season.Uber shares ended Friday 6.8% lower after the ride-hailing company missed sales estimates. Revolve fell 15.6% after the fashion e-tailer reported earnings below expectations. And Fastly, which saw its shares dip below its IPO price intraday, declined 18.1% after reporting lighter than expected margins.The disappointment spread to other IPOs that have not even reported yet, with RealReal Inc. shares tumbling 23% to below its IPO price of $20.Call it an upset, given the hype that tends to follow IPOs. Among the nearly 20 freshly listed companies that reported earnings this week, the majority fell in the next session. IPOs are rising 0.2% on average following reports, lagging behind S&P 500 stocks, which climbed 5.3% on average, according to data compiled by Bloomberg.Other newcomers on deck to report earnings include Adaptive Biotechnologies Corp., Greenlane Holdings Inc., RealReal Inc., and Grocery Outlet Holding Inc. They are among the more well-received IPOs of this year with stocks that opened at least 40% above their offer prices. All are first-time reporters.Cross-border IPOs will be tested as well when China’s big brands So-Young International Inc. and Luckin Coffee Inc. do their show-and-tell.(Updates shares in 1st and 2nd paragraphs, adds RealReal shares in 3rd.)\--With assistance from Drew Singer.To contact the reporter on this story: Crystal Kim in New York at email@example.comTo contact the editors responsible for this story: Brad Olesen at firstname.lastname@example.org, Jennifer Bissell-Linsk, Richard RichtmyerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The market has been hit with a wave of highly anticipated IPOs this year, but many have fallen flat in public markets. Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss with former Cisco CEO, John Chambers, and Sprinklr founder, Ragy Thomas.