55.30 0.00 (0.00%)
After hours: 5:22PM EDT
|Bid||55.26 x 800|
|Ask||55.31 x 800|
|Day's Range||54.51 - 55.68|
|52 Week Range||32.72 - 64.95|
|Beta (5Y Monthly)||0.70|
|PE Ratio (TTM)||20.71|
|Earnings Date||Aug 18, 2020|
|Forward Dividend & Yield||0.92 (N/A)|
|Ex-Dividend Date||Feb 12, 2020|
|1y Target Est||59.96|
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]
TJX Cos. says that the early results from the reopening of more than 1,600 stores around the world have been positive, giving analysts reason to believe that if the price is right, shoppers will head back to stores after the coronavirus pandemic. The TJX (TJX) portfolio includes T.J. Maxx and Marshalls stores.
As expected, TJX Companies (NYSE: TJX) was hit hard by the COVID-19 pandemic. Its focus on discretionary products like apparel and home furnishings meant TJX Companies wasn't designated an essential retailer through the pandemic. TJX Companies also had to deal with significant fixed costs and its commitment to continue paying nearly all of its employees through mid-April.
Most U.S. states have begun to reopen their economies, but Jay Foreman, chief executive of Basic Fun, said he's more worried than ever. The Boca Raton, Florida importer sells toys to retailers like Walmart Inc, Target Corp, Amazon.com Inc , TJX Cos Inc and J.C. Penney Co Inc, many of which were forced to temporarily shutter their stores because of the pandemic-induced lockdown. J.C. Penney filed for bankruptcy protection on May 15, with plans https://www.reuters.com/article/us-jc-penney-bankruptcy-exclusive/jc-penney-to-file-for-bankruptcy-as-soon-as-next-week-sources-say-idUSKBN22K20F to permanently close about a quarter of its roughly 850 stores.
It was no surprise that TJX Companies (NYSE: TJX) delivered a stinker of first-quarter earnings report. TJX, which is the most valuable American apparel retailer, owns TJ Maxx, Marshall's, and Home Goods, and began reopening stores on May 2. It now has over 1,600 stores open globally, and of the 1,100 that have been open for more than a week, sales overall are up from a year ago.
Yahoo Finance chats with Walmart U.S. CEO John Furner about the state of the world's large retailer amidst the COVID-19 pandemic.
Wall Street analysts were racing each other to see who could hike their price target on TJX Companies (NYSE: TJX) first amid store reopenings. The discount retailer reported first-quarter losses as sales were cut in half while stores were closed, but the company announced yesterday that sales were tracking higher than last year after about 1,600 stores have reopened. According to Thefly.com, Champine wrote in a note to investors she was lowering her pricing outlook on TJX due to the sales declines the retailer suffered this quarter, but was maintaining her buy rating on the stock because all stores that have been open for more than a week have exceeded the sales generated a year ago.
Greg Portell, Partner & Head of Global Consumer Industries & Retail Practice at Kearney, joins The Final Round to discuss the latest earnings out of the retail sector, Amazon Prime Day, and his expectations for Black Friday 2020.
It's been a choppy kind of week, but so far, bulls are maintaining altitude. With that said, let's look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Nvidia (NVDA) Click to EnlargeNvidia (NASDAQ:NVDA) has been red-hot since hitting its March low near $180. At this week's high, shares were up about 100% from that level. With earnings on deck for Thursday after the close, investors will be tuning in to see how this stock does.While not terribly overbought on an RSI basis, it's hard to get too bullish on Nvidia after shares blew through $200, $250, $300 and even $350. I remarked that shares were a steal at or below $200, but that discount didn't last long.InvestorPlace - Stock Market News, Stock Advice & Trading TipsI would love a post earnings dip in this one. Ideally down to $280, which is now a proven level of significance. But even a dip down into the $300 to $310 area would make it more attractive.On a post-earnings rally, it won't take much for investors to turn their attention to $400. Top Stock Trades for Tomorrow No. 2: Lululemon Athletica (LULU) Click to EnlargeAdd Lululemon Athletica (NASDAQ:LULU) to the new-high club. If shares continue higher, look to see the stock can run to $298.It seems like a lofty target, but there LULU will find its 123.6% extension from the prior 2020 range. So far, the winning stocks have been the ones to maintain momentum in this stock-picker's market.If LULU can't sustain momentum over the $265 area, see if we get a pull back. In that event, let's see if shares find support in the $248 to $250 area. Below puts uptrend support and the 20-day moving average in play. Top Stock Trades for Tomorrow No. 3: TJX Companies (TJX) Click to EnlargeTJX Companies (NYSE:TJX) is moving nicely after reporting earnings. That's despite a top- and bottom-line miss. While shares are gapping higher, they are having trouble sustaining current levels.That's as TJX stock runs into the 200-day moving average and fills its March gap. That puts investors in a tricky spot -- a gap-up into resistance.The 61.8% retracement comes into play near $52.60. Below that puts a decline down the $50 level in play, followed by the 20-day and 50-day moving averages.Over the 200-day moving average and a push up to the 78.6% retracement near $58 is possible. Above puts $63 to $64 in play. Top Stock Trades for Tomorrow No. 4: AstraZeneca (AZN) Click to EnlargeAstraZeneca (NYSE:AZN) stock was on the move again Thursday, but it's running out of steam. Shares are being rejected by the $57.50 area, as trend resistance keeps a lid on the stock price (blue line).Now what?We just talked about how strong stocks seemingly get stronger in this type of market. AZN stock isn't even overbought at the moment. For that reason, I certainly don't want to fade this action. But with the stock up for nine straight days, it's hard to be a buyer.I'd love a shot at AZN stock on a dip into the $50 to $51 area. If that holds as support -- and potentially times up with the rising 20-day moving average -- then AZN may just be a buy.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret is long NVDA. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post 4 Top Stock Trades for Friday: NVDA, LULU, TJX, AZN appeared first on InvestorPlace.
Ross Stores earnings fell far short of views, after off-price rival TJX missed Q1 estimates but said said sales at reopened stores have been strong so far.
What happened Shares of Foot Locker (NYSE: FL) were moving higher today, catching a tailwind along with the rest of the apparel retail sector after TJX Companies (NYSE: TJX) said that sales at the stores it had reopened were up from a year ago.
President Donald Trump said the United States would react strongly if China imposes national security laws for Hong Kong in response to last year's often violent pro-democracy protests. "It seems like China is going to be used as a punching bag for the upcoming elections," said Bob Shea, CEO and co-chief investment officer at TrimTabs Asset Management in New York. The S&P 500 has surged over 30% from its March low, but it remains down about 13% from its Feb. 19 record high.
Wall Street ended lower on Thursday, a day after hitting two-month highs, on a fresh wave of China-U.S. tensions that raised doubts about the trade deal reached early this year between the world's two largest economies. President Donald Trump said the United States would react strongly if China imposes national security laws for Hong Kong in response to last year's often violent pro-democracy protests. Earlier, Secretary of State Mike Pompeo criticized Beijing's handling of the coronavirus outbreak, while a Chinese official said the country will not flinch from any escalation in tensions.
The global case tally for the coronavirus that causes COVID-19 passed 5 million on Thursday after the biggest one-day increase since the start of the outbreak, as a top U.S. scientist cautioned that people should not rely on a vaccine and the labor market continued to show massive job losses.
Wall Street receded on Thursday, a day after hitting two-month highs, on a fresh wave of China-U.S. tensions, raising doubts about the trade deal reached early this year between the world's two largest economies. President Donald Trump said the United States would react strongly if China imposes national security laws for Hong Kong in response to last year's often violent pro-democracy protests. The recent souring relations between the world's two largest economies over the coronavirus pandemic has raised doubts about the Phase 1 trade deal signed earlier this year, interrupting a rally on the U.S. stock market.
Shares of off-price retailer The TJX Companies (NYSE: TJX) were trading higher on Thursday. The company reported a wider loss than expected, but said that it's already reopening its stores, and that it expects to bounce back well, later in 2020. The company lost $887 million in the quarter, or $0.74 per share, as revenue declined 52% from the year-ago period to $4.4 billion.
Buy TJX on weakness to its 200-week simple moving average at $45.86. Reduce on strength to its 200-day SMA and to risky levels.
Sales fell off a cliff, but the off-price retailer is having no problem securing inventory for its post-lockdown recovery.
Stocks in the Nasdaq Composite (NASDAQINDEX: ^IXIC) were down slightly more than broader-based indexes, with the Composite dropping almost 1% shortly after 11:45 a.m. EDT. The Nasdaq 100 Index was similarly down by nearly 1%. Among notable stocks in the Nasdaq 100, Ross Stores (NASDAQ: ROST) saw a nice gain as investors hoped that the discount apparel retailer would be able to follow in the footsteps of one of its closest industry peers.
TJX Companies' (TJX) Q1 results hurt by store closures due to COVID-19 and inventory write-down. Also, the company withdrew Q1 and FY20 view.
But when one takes a deeper, more detailed look into what management has done to finesse this terrible situation, there is cause to come away impressed.
"Although it's still early and the retail environment remains uncertain, we have been encouraged with the very strong sales we have seen with our initial reopenings," Chief Executive Officer Ernie Herrman said. TJX, the parent of Marmaxx stores, said it has reopened more than 1,600 of its about 4,500 stores worldwide. MKM Partners analyst Roxanne Meyer said TJX's sales update was a sharp contrast to what other mall-based retailers have said.
It withdrew its full-year outlook due to uncertainties surrounding the health crisis.
In the week ending May 16th, another 2.4 million Americans filed for unemployment benefits. Yahoo Finance's Emily McCormick joins The First Trade to discuss jobless claims, in addition to Best Buy and TJX earnings reports.