|Bid||29.38 x 800|
|Ask||30.10 x 1000|
|Day's Range||29.00 - 30.45|
|52 Week Range||10.40 - 31.44|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 31, 2020 - Apr 05, 2020|
|Forward Dividend & Yield||1.48 (4.91%)|
|Ex-Dividend Date||Jan 28, 2020|
|1y Target Est||20.75|
A sturdy labor market, rising income and improving confidence certainly encouraged consumers to spend more. While bargain hunters did hit the streets, enthusiasm for online shopping was palpable.
Shares of Signet Jewelers Ltd. blasted off Thursday, to their biggest one-day gain since the mid-1990s, after a strong holiday sales performance helped flip the fourth-quarter sales outlook to growth from a decline.
Stocks continue to push higher, with major U.S. indices hitting more record highs on Thursday. That being said, here's a look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Signet Jewelers (SIG)Source: Chart courtesy of StockCharts.comThere's a short squeeze alert in Signet Jewelers (NYSE:SIG). The stock is more than 40% on Thursday on better-than-expected earnings. With a short interest of 32% and needing more than seven days to fully cover, this one has squeeze written all over it.Signet isn't the only short squeeze out there, it's just the latest to do so. The stock erupted out of its short-term channel (blue lines) and over the $27.50 level. I would love to see the latter hold as support in the event of a pullback.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSpeaking of which, that will be on investors' minds if SIG stock fails to reclaim the 100-week moving average currently near $32. Above that, and the $34 to $35 area will be the next upside target. Top Stock Trades for Tomorrow No. 2: Microsoft (MSFT)Source: Chart courtesy of StockCharts.comThis slow-and-steady juggernaut just keeps grinding higher, with Microsoft (NASDAQ:MSFT) hitting another new high on Thursday.I think the best thing investors can ask for now is some gentle consolidation. Similar to what we saw from July through October, when Microsoft chopped between the $130-$140 range as the stock digested its big gains from the previous six months.For now, shares are in an uptrend, with the 20-day moving average acting as support. Dips to this mark can be bought, until the trend fails. Once that happens -- not if -- then investors can start turning more cautious on the name, and keep an eye out for a potential pullback or consolidation phase. Top Stock Trades for Tomorrow No. 3: Tandem Diabetes Care (TNDM)Source: Chart courtesy of StockCharts.comTandem Diabetes Care (NASDAQ:TNDM) shares were moving higher on Thursday. And while the charts are setting up nicely, overhead resistance looms large.The stock continues to put in a series of higher lows, and is over all of its major moving averages. However, the $72 level has been stiff resistance, while $74 hasn't been much kinder. A breakout over the former likely sends it to the latter, but a breakout over both would be more ideal.It could happen on the next test, but TNDM's breakout may be more sustainable if it rallies up to this level, pulls back into support and tries again after making another higher low. Either way, keep both support and resistance on watch. Top Stock Trades for Tomorrow No. 4: InMode (INMD)Source: Chart courtesy of StockCharts.comInMode (NASDAQ:INMD) shares jumped higher on Thursday, creating an interesting setup. A week ago, INMD stock broke out over downtrend resistance, but has been finding resistance at $45 as of late.For now, the 20-day moving average is acting as support, while the 50-day moving average has been mixed. Some days it has been support, others days it has drawn in sellers.However, that's not the focus. Instead, watch $45. Over this mark puts this week's high on the table, at $45.95. Over that, and $50 isn't out of the question for INMD. Below the 20-day moving average, and the backside of prior downtrend resistance is on watch. Top Stock Trades for Tomorrow No. 5: Taiwan Semiconductor (TSM)Source: Chart courtesy of StockCharts.comTaiwan Semiconductor (NYSE:TSM) is essentially flat on Thursday, despite initially rallying on earnings. Now, the stock is setting up in a rather tight trading range.Shares are struggling with the $60 level and uptrend resistance (blue line). On the plus side, the 20-day moving average has been acting as support, while longer-term uptrend support (purple line) remains in play.Below support, and the $57 gap-up support mark is in play with the 50-day moving average just below. If the 50-day fails as support, TSM will need more time to reset. Over the two-day high of $59.70, and TSM can rally up to trend resistance -- currently near $61.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Stocks to Buy Under $10 * 5 Retail Stocks Placer.ai Thinks Can Win Big in 2020 * 6 Cheap Stocks to Buy Under $7 The post 5 Top Stock Trades for Friday: SIG, MSFT, TNDM appeared first on InvestorPlace.
The jewelry chain, which operates the Kay, Zales, and Jared brands, along with online seller James Allen and others, said same-store sales rose 1.6% during the nine weeks ended January 4. More impressive was the 13.5% jump in online sales. Previously, Signet warned sales on that basis would drop 2% to 4%.
Founder and chief executive of Ciovacco Capital Management, Chris Ciovacco, says prepare for this bull market to keep going, albeit with some “scary pullbacks occurring along the way.”
Signet Jewelers Ltd. shares soared 13.4% in premarket trade Thursday, after the operator of jewelry stores posted stronger-than-expected holiday sales and raised its fourth-quarter and fiscal 2020 guidance. Hamilton, Bermuda-based Signet said same-store sales rose 1.6% over the holiday season. E-commerce sales rose 13.5% while brick-and-mortar same-store sales rose 0.2%. The company said it now expects fiscal 2020 same-store sales to rise 0.1%, versus prior guidance of down 1.7% to down 1.0%. It expects total sales to come to $6.1 billion, compared with earlier guidance of $6.01 billion to $6.05 billion. The FactSet consensus is $6.06 billion. The company expects adjusted EPS to range from $3.61 to $3.69, compared with prior guidance of $3.11 to $3.29. The FactSet consensus is for $3.26. For the fourth quarter, it now expects same-store sale to rise 1.1%, compared with prior guidance of down 4.0% to down 2.0%. It expects total sales of $2.12 billion, up from prior guidance of $2.03 billion to $2.07 billion. It expects adjusted EPS to range from $3.44 to $3.52, compared with prior guidance of $3.01 to $3.16. The FactSet consensus is for fiscal 2020 EPS of $3.11 on sales of $2.07 billion and a same-store sales decline of 2.4%. Shares have fallen 35% in the last 12 months, while the S&P 500 has gained 26%.
Signet Jewelers Limited ("Signet") (NYSE:SIG), the world's largest retailer of diamond jewelry, today announced its sales for the 9 weeks ended January 4, 2020 ("Holiday Season").
Signet Jewelers surges after the jewelry retailer reports stunning holiday sales and lifts its fiscal fourth-quarter and full-year guidance.
In value investing, investors pick stocks that are cheap but fundamentally sound. So, the chance of outperformance is high when the market moves higher.
Zacks Value Trader Highlights: Brighthouse Financial, Credit Suisse, MetLife, Penn National Gaming and Signet
Growth stocks continue to be sizzling hot in 2020 but value investors shouldn't despair. There are still stocks with attractive fundamentals and great Zacks Ranks.
Signet Jewelers (SIG) -- my Top Pick for conservative investors -- is the world's largest diamond jewelry retailer, with 3,284 stores and kiosks in the United States, Canada, United Kingdom and Ireland, notes George Putnam, editor of The Turnaround Letter.
Shares of Signet Jewelers Ltd. , the parent of Zale and Kay jewelry store chains, plunged 14% in afternoon trading Thursday, to pace declines among its retail peers, after Wells Fargo analyst Ike Boruchow turned bearish, citing expectations of continued declining consumer interest in the brands and concerns over the highly levered balance sheet. The stock extends the 31.6% selloff suffered in 2019, which marked the fifth straight yearly decline, the longest such streak in its publicly traded history. The stock 2019 performance compares with the 12.3% gain in the SPDR S&P Retail ETF and the S&P 500's 28.9% rally last year. Boruchow downgraded Signet to underweight from equal weight, and slashed his stock price target to $12, which is 25% below current levels, from $16. Boruchow said a survey of 750 shoppers showed that purchase intent has worsened over the last 12 months, to 68% of respondents planning to shop at Signet stores less from 47% planning to shop less over the previous 12-month period.
Shares of Signet Jewelers dropped Thursday after Wells Fargo analysts lowered their rating on the stock to underweight from equal weight. Signet, historically, has performed well, with same-store sales rising in the mid- to high-single digits for six straight years after the Great Recession ended in 2009, the analysts, led by Ike Boruchow, wrote in a report. The company was a leader when it came to market-share in the fine jewelry segment, with that number fluctuating between the low teens and high teens.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.