|Bid||48.33 x 2900|
|Ask||50.88 x 1000|
|Day's Range||48.99 - 49.98|
|52 Week Range||37.72 - 50.66|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
Some economists and money managers say the US is at the top of the economic cycle, and it could be heading into a bear market soon. Yahoo Finance’s Seana Smith, Andy Serwer and Julia La Roche discuss.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action.
Retail stocks have been hot as a pistol of late. Perhaps their demise at the hands of Amazon.com, Inc. (NASDAQ:AMZN) was greatly exaggerated. Or maybe the expectations bar was set so low that upside surprises were all but a guarantee. Regardless of the reason, the retail industry is seeing its constituents pepper the new highs list.
The United States Census Bureau releases a monthly report on retail sales in the United States. As per the notes on the bureau’s website, it conducts an advance monthly survey of retail trade and food services companies. According to the latest report, which was released on June 14, advance estimates of US retail (XRT) and food services sales for May were $502.0 billion, an increase of 0.8% from the revised April reading of $497.9 billion.
Shares of traditional retailers The Michaels Companies Inc. ( MIK) and Tailored Brands Inc. ( TLRD) were plagued with double-digit losses in pre-market trade today on the heels of their quarterly reports. Arts and crafts retailer Michaels Companies reported first-quarter adjusted net income of 39 cents per share, topping the Street view of 38 cents per share. Michaels stock is off 9.3% year to date.
A new breed of exchange traded funds offer investors exposure to the true source of future retail sales growth, that of course being online and e-commerce sales . Among these ETFs is the ProShares Long ...
Restoration Hardware Holdings Inc. ( RH) shares rose more than 3% on Monday morning, which extends an impressive 15% rally over the past five sessions. The move follows strength in the broader retail sector, with the SPDR S&P Retail ETF ( XRT) trading up about 5% over the past five sessions. Shares of The Home Depot, Inc. ( HD), Lowe's Companies, Inc. ( LOW) and other home improvement companies have also moved sharply higher.
Shares of some traditional brick-and-mortar retailers are rebounding this year. For example, the SPDR S&P Retail ETF (NYSEArca: XRT) is up nearly 9% year-to-date. XRT features exposure to the following ...
With the economy regaining momentum after a slowdown in the first quarter, the consumer discretionary sector looks like an exciting bet at present.
A rally in retail stocks has Wall Street hopeful the industry's worst days are behind it. One technical analyst says the charts support investors' optimism.
It's not the end of brick-and-mortar retailing. Omnichannel retailing has been propelling the sector and should boost these ETFs.
Target (TGT) held its analyst day with Chief Financial Officer Cathy Smith on Tuesday, and analysts were happy with what they heard. MKM Partners’ Patrick McKeever reiterated a Buy rating and $91 price target on the shares, writhing that the shares remain a top pick for him after the meeting and its first-quarter earnings results. Telsey Advisory Group’s Joseph Feldman reiterated a Market Perform rating on the shares, and $80 price target on the shares, but he was encouraged by the updates on its strategic initiatives.
Eurozone Crisis Focus Moves to Spain as Catalonia Demands Independence from New PM One festering Eurozone sore gets some antibiotic cream in Italy while another abscess needs lancing in Spain. The new Spanish Prime Minister in town, a socialist former economics professor named Pedro Sanchez, happened to be sworn in the very same day that […] The post The Week Ahead: Eurozone Crisis Moves to Spain, China Threatens, Russia Digging For Gold appeared first on Market Exclusive.
Here’s a surprise headline that you probably thought you’d never read again: retail stocks are in rally mode. Since early November, the SPDR S&P Retail (ETF) (NYSEARCA:XRT) is up 18%, versus a mere 5% gain for the S&P 500. Retailers are adapting and fighting back against Amazon.com, Inc. (NASDAQ:AMZN) and other digital commerce threats.
What’s making small-cap retail attractive? There are a whole list of factors that have driven these stocks to levels that traditional value people and deep value people would look at. The valuations have been driven down primarily by a lack of ...
For a younger cohort of consumers, who are digital natives (or close to it), their idea of retail hasn't been shaped by big box and department stores, but by Amazon.com (AMZN) and the world of online shopping, a world that is rife with tailored experiences and recommendations. This is the way of the future, and companies that want to connect with consumers have to get on board, says Mukund Ramachandran, chief marketing officer of Dynamic Yield, an omnichannel personalization platform.
Earnings out of Target and the discussion at the Fed's latest policy meeting will be highlights for investors on Wednesday.
In the consumer sector, 93% of the companies have already reported their earnings for the first quarter. Last week was okay for most of the sectors in the S&P 500. The S&P 500 Index (SPY) fell 0.54% due to an ~3% and 1.4% slump in the utility and technology sectors.
It spent nearly two years carving support at the 200-day exponential moving average (EMA) in the $30s, finally turning higher in November 2017, and has now posted a higher low at the 50-day EMA. This bullish action sets the stage for testing at major resistance between $49 and $52. Rallies failed at the bottom of that resistance zone in 2015, 2016 and January 2018, so bears are likely to force another reversal, using weakness near the round number $50 and the 2015 high at $51.25 to reload positions.
As the greenback soars to its highest levels of the year, one trader sees a couple of market areas that could ride the currency's coattails. "I will caution one thing" on the IWM, said Cappelleri. The U.S. dollar index has not traded above 94 since December 2017.