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It's been a sad week for Urban Outfitters, Inc. (NASDAQ:URBN), who've watched their investment drop 18% to US$25.10 in...
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.
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 Inc. fell more than 11% in the extended session Tuesday after the retailer missed third-quarter profit and sales expectations. Urban said it earned $56 million, or 56 cents a share, in the quarter, compared with $78 million, or 70 cents a share, in the year-ago period. Sales rose 1.4% to $987 million, from $974 million a year ago, Urban Outfitters said. Analysts polled by FactSet had expected earnings of 57 cents a share on sales of $1 billion. Shares of Urban Outfitter ended the regular trading day down 4.5%.
Urban Outfitters, Inc. (NASDAQ: URBN ) shares are falling despite reporting record third-quarter sales. Earnings came in at 56 cents per share, missing estimates by a penny. Sales came in at $987.469 million, ...
PHILADELPHIA, Nov. 19, 2019 -- Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products and services company which operates a portfolio of global consumer brands.
Despite several economic and geopolitical headwinds, third-quarter earnings results were not as weak as expected in the beginning of the reporting cycle.
Investing.com -- Stocks react positively to the U.S.'s decision to cut Huawei more slack, while it's a big day ahead for retail earnings: updates are due from Kohl's, (NYSE:TJX), Urban Outfitters and HomeDepot. There are also updates on U.S. housing starts and building permits, and a head-to-head debate in the U.K. between the leaders of the Conservative and Labour Parties. Here's what you need to know in financial markets on Tuesday, 19th November.
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.