|Day's Range||0.0500 - 0.0500|
Amid a challenging retail environment, PREIT's (PEI) strategic efforts like anchor repositioning, redevelopment and re-merchandising initiatives help boost mall traffic during this holiday season.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
It's been a sad week for Urban Outfitters, Inc. (NASDAQ:URBN), who've watched their investment drop 18% to US$25.10 in...
U.S. equities are under pressure on Thursday as Washington criticizes China for its protest crackdown in Hong Kong. This, in turn, is threatening to undermine chances of a U.S.-China trade agreement after months of near-constant hints and teases that a deal was coming. As a reminder, the United States is set to impose another tariff hike on imports from China in December without a deal.And while President Donald Trump's administration is trying to salvage optimism -- with reports this morning that tariffs could be held back even without a trade deal -- the nagging concern is that a deal just doesn't happen before the 2020 presidential election. Beijing is likely betting that Trump is going to be replaced by a democrat more willing to pen a deal favorable to them. * 7 Marijuana Penny Stocks That Have Ridiculous Possibilities But until then, stocks are feeling the heat with selling focused on areas like retailers heading into the critical holiday shopping season. Here are six popular retail stocks that are being sold hard:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nordstrom (JWN)Nordstrom (NYSE:JWN) shares are dropping back down below their 200-day moving average, threatening a return to the lows set back in August, which would be worth a loss of more than 25% from here.The company will report on Thursday night after the close. Wall Street is looking for earnings to drop 89% from last year on a 1.7% drop in revenue. JWN management continues to focus on strategic initiatives like Growth 150 and Backstage stores as well as digital and mobile initiatives. Gap (GPS)Shares of beleaguered retail stock Gap (NYSE:GPS) are threatening to fall down out of a four-month consolidation range threatening a drop back to the 2016 low near $15, which would be worth a loss of more than 6% from here. Coverage was recently initiated with an underweight rating by a Barclays analysts. * 9 Tantalizing Dividend Stocks for 2020 The company will next report results on Nov. 21 after the close. Analysts are looking for earnings of 51 cents per share on revenues of nearly $4 billion. American Eagle Outfitters (AEO)Shares of American Eagle Outfitters (NYSE:AEO) are threatening to also fall out of four-month consolidation range, capping a decline of more than 50% from here. Watch for a drop back to the lows seen in the middle of 2017, which would be a drop of roughly a third from here.The company will next report results on Dec. 11 before the bell. Analysts are looking for earnings of 48 cents per share on revenues of $1.1 billion. Kohls (KSS)Shares of Kohls (NYSE:KSS) are dropping back below their 200-day moving average, returning to the lower end of its six-month consolidation range. A breakdown here would likely result in a loss of a third, returning to the lows seen in the summer of 2017. Shares were recently downgraded by analysts at Goldman. * 7 Penny Stocks to Consider Buying Now The company will next report results on March 3, analysts are looking for earnings of $1.99 per share on revenues of $6.6 billion. Urban Outfitters (URBN)Shares of Urban Outfitters (NASDAQ:URBN) have dropped back below their 200-day moving average, returning to the summertime trading range. Watch for a possible return to the August lows near $20, which would result in a loss of 20%. Overall, shares have lost roughly 50% from the highs seen in the summer of 2018.The company will next report results on March 3 after the close. Analysts are looking for earnings of 72 cents per share on revenues of $1.2 billion. Foot Locker (FL)Shares of Foot Locker (NYSE:FL) dropped back below their 50-day moving average after stalling at the 200-day moving average that has kept a lid on prices after breaking down back in May. Watch for a return to a low of $34 set back in late August.The company will next report results on Nov. 22. Analysts are looking for earnings of $1.08 per share on revenues of $1.9 billion. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Marijuana Penny Stocks That Have Ridiculous Possibilities * 7 High-Yield ETFs to Buy Now * 4 Dow Jones Industrial Average Stocks to Sell The post 6 Retail Stocks Dropping Hard Ahead of Black Friday appeared first on InvestorPlace.
Shares of Urban Outfitters have plunged sharply lower this week after a miss on their Q3 numbers. In this daily bar chart of URBN, below, we can see that prices made a low in August and turned to the upside. Now look at the 12-day price momentum study in the lower panel - a series of lower highs can be seen from September into November - this tells us that the pace of rally slowed giving us a bearish divergence when compared to the price action.
Fears that the phase-one trade deal may be pushed into 2020 spooked investors on Wednesday, as equity markets stumbled lower. Let's look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: Lowe's (LOW)Above is a weekly chart for Lowe's (NYSE:LOW), which ripped to new all-time highs on Wednesday after better-than-expected earnings.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe stock has been putting in a very solid series of higher lows, shown via uptrend support (blue line). Each dip to the 100-week moving average has been bought.Nowhere near that area now, though, what should investors do? Over $115 and LOW looks good on the long side. This mark has been resistance over the past year, so above it now bodes well for longs. Below and a dip to the 50-week moving average is possible. No. 2: Advanced Micro Devices (AMD)The run in Advanced Micro Devices (NASDAQ:AMD) could be coming to an end. * 7 Killer Stocks No One Knows About To be clear, the broader market may be just fine in regards to the trade situation. But AMD has been downright explosive. After shares erupted through $34.50 resistance at the start of November, new all-time highs were made over $35.55.On a pullback, this area acted as support, which is a bullish development.Since then, shares have climbed north of $40. It wouldn't be surprising to see this trade unwind at some point. A dip down to the 20-day moving average -- which is all the way down at $36.62 right now! -- would be the first step. But ultimately, a check-back down to the $34.50 to $35.50 area would be most attractive for longs. No. 3: Urban Outfitters (URBN)Urban Outfitters (NYSE:URBN) has been climbing very steadily from its August lows, rallying from sub-$20 to more than $31 ahead of earnings. For those keeping track, that's more than a 50% gain in just a few months.To see this trade backpedal a bit comes as little surprise.Gapping below all of its major moving averages isn't good, though, and now support needs to come into play in order for bulls to have a chance. The $24 mark was resistance from June through August. On a pullback, this area acted as support in September. It helps that the 78.6% retracement for the one-year range is down at $23.89.On a rebound, see that URBN reclaims its 100-week moving average. Going above that level puts the 200-day on the table. Below $24 puts $22 on the table. No. 4: S&P 500 ETF (SPY)Earlier this week, we looked at the small-caps ETF, the iShares Russell 2000 ETF (NYSEARCA:IWM). While that one has had trouble advancing, the SPDR S&P 500 ETF (NYSEARCA:SPY) sure hasn't.On Wednesday, we got the first sign of selling in a while, even though bulls bid the SPY up off the lows.Look, a pullback down to the 20-day is not only appropriate, but it's also healthy. Markets were technically overbought coming into Tuesday and a little shakeout keeps traders in check and could give longs a better opportunity.Many might agree with this, but few will like if it actually pans out. But it would be best to get a 3% to 4% correction in the SPY. Some kind of correction down into the $300-ish area could be a gift to the bulls, allowing one last buying opportunity into year-end. A decline into this area puts the SPY into its 50-day moving average and down into prior resistance near $300. The October Fed-day range is between ~$302 and $304.50. A return into this area that holds as support would be a bullish sign.Below $300 causes more uncertainty, while a 5% correction puts the SPY into uptrend support (blue line).There's no telling what kind of correction this may or may not end up being. But there are varying degrees of healthiness. A 5% dip will definitely cause some concern, but a fall into the $300 to $305 area could be very attractive, provided support holds where it should.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 * 7 Killer Stocks No One Knows About * 7 Penny Stocks to Consider Buying Now * The 5 Best Marijuana ETFs for Conservative Portfolios The post 4 Top Stock Trades for Thursday: LOW, URBN, SPY and AMD appeared first on InvestorPlace.
Baird analyst Mark Altschwager said he was encouraged by Urban Outfitters improved results fueled by a resurgence at Anthropologie and strength at Free People, but a cautious outlook in the fourth quarter is responsible for the drop in shares. The analyst trimmed his 2019/2020 EPS estimates to represent a more conservative view on fourth-quarter margins, but says in the long term, he believes with its differentiated brands/concepts and digital strength, Urban Outfitters is one of the better positioned specialty retailers in his coverage universe. Although the analyst is encouraged by the positive comps across the board for Urban Outfitters brands, Redding says third-quarter results are likely to weigh on the retail sector as a whole, particularly in teen apparel retailers.
Zacks.com featured highlights include: Bristol-Myers Squibb, Urban Outfitters, Hewlett Packard, Cardinal Health and British American Tobacco
Discount Store retailers' earnings results are likely to reflect gains from a unique business model as well as omni-channel, pricing and merchandising initiatives. High costs might have hurt margins.
Urban Outfitters' (URBN) bottom line declines year over year but top line improves from the year-ago period benefiting from favorable response to apparel assortments and growth in the digital channel.
Urban Outfitters shares plunged Wednesday after the clothing retailer posted weaker-than-expected third quarter earnings amid weakening sales for some of the nation's largest clothing-focused store chains.
Higher costs, promotions, adverse currency and tariffs are likely to have hurt Abercrombie's (ANF) Q3 performance. Digital efforts, store optimization and the Hollister brand might have aided it.
Urban Outfitters (URBN) delivered earnings and revenue surprises of -1.75% and -1.35%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?
Urban Outfitters shares were tumbling in after-hours trading, after the company reported a decline in profit.
Shares of Urban Outfitters plunged after the retailer missed quarterly earnings estimates on the top and bottom line. Yahoo Finance's Alexis Christoforous and Jared Blikre discuss.
Urban Outfitters' shares plummeted, raining on a parade of otherwise upbeat retail earnings WEDNESDAY. Quarterly profit at the bohemian lifestyle retailer dropped 28%, missing Wall Street's target for the first time in nearly two years. Weak demand for women's clothing at its namesake chain drove the company to cut prices. That, along with higher labor costs, hurt the bottom line. Same-store sales at Urban Outfitters were flat, disappointing Wall Street which had expected a solid increase. What's more, the company's wholesale business suffered from increased markdowns from department stores. The company, which also owns the Anthropologie brand, said it's seeing positive sales in the current holiday quarter. But investors seemed unconvinced. Urban Outfitters shares fell more than 16% in early trading Tuesday - it's worst one-day performance in nearly 7 years. They've lost nearly a quarter of their value this year.
Urban Outfitters tanked in after-hours trading, after the retailer reported an earnings and revenue miss for its most recent quarter. Yahoo Finance's Jennifer Rogers, Myles Udland, and Heidi Chung discuss.