XRT - SPDR S&P Retail ETF
| Previous Close | 45.55 |
| Open | 45.65 |
| Bid | 45.23 x 1200 |
| Ask | 45.35 x 900 |
| Day's Range | 45.22 - 45.65 |
| 52 Week Range | 38.10 - 52.96 |
| Volume | 4,548,384 |
| Avg. Volume | 4,887,269 |
| Net Assets | 200.34M |
| NAV | 45.53 |
| PE Ratio (TTM) | N/A |
| Yield | 1.40% |
| YTD Return | 11.37% |
| Beta (3Y Monthly) | 1.00 |
| Expense Ratio (net) | 0.35% |
| Inception Date | 2006-06-19 |
- MarketWatch•17 hours ago
Christopher & Banks' stock trading suspended on NYSE, to be delisted
Christopher & Banks Corp. said Thursday that the New York Stock Exchange has suspended trading of its stock, and will delist the stock, given that it has fallen below its listing standards. The women's apparel retailer's stock closed Wednesday at 35 cents, and hasn't closed above $1.00 since July 26. The company said it expects the stock to start trading later Thursday on the OTC Markets Group's Pink Market, under the ticker symbol "CBKC." The company said it intends to apply to relist its stock on a "national exchange" once it meets listing standards. The stock has tumbled 68.6% over the past 12 months through Wednesday, while the SPDR S&P Retail ETF has gained 1.0% and the S&P 500 has advanced 7.1%.
- ETF Trends•3 days ago
Tom Lydon on “ETF Edge”: Rallies, Retail and Factors in the ETF Space
ETF Trends CEO Tom Lydon went on CNBC's "ETF Edge" show on Monday to discuss these forthcoming challenges and how ETF investors can position themselves to gain even with a 2019 investing landscape that's marked by uncertainty. Mutual funds, bond and equity funds, in December lost a record $152 billion. One would assume that outflows from U.S. equities in 2018 would also be evident in ETFs that have been purchasing the downtrodden shares in the three major indexes.
- MarketWatch•4 days ago
Best Buy's stock falls after CEO Hubert Joly to step down, CFO Corie Barry named new CEO
Shares of Best Buy Co. Inc. fell 1.1% in premarket trade Monday, after the consumer electronics retailer said Chief Executive Hubert Joly will leave that role to become executive chairman. Chief Financial Officer Corie Barry will become CEO, effective after the annual shareholder meeting on June 11. Joly had joined Best Buy in 2012, and Barry had joined in 1999 and became CFO in 2016. The company said it would start an internal and external search for a CFO. The stock has gained 3.4% over the past 12 months through Friday, while the SPDR S&P Retail ETF has edged up 1.6% and the S&P 500 has gained 9.5%.
Yahoo Finance•7 days agoStocks mixed ahead of earnings season
Stocks ended Thursday's session mixed ahead of the start of earnings season Friday morning.
- MarketWatch•8 days ago
Amazon CEO Jeff Bezos challenges retail rivals to raise minimum wage to $15 an hour
Amazon.com Inc. Chief Executive Jeff Bezos stressed in his annual letter to shareholders Thursday, how much the e-commerce giant has done for its employees in terms of wages and benefits, and challenged the company's biggest retail rivals to do the same. Bezos said raised its minimum wage in 2018 to $15 an hour, because he believes it will help the business but also because "it seemed like the right thing to do." Last year, Bezos said the wage hike came after he "listened to our critics." In Thursday's letter, Bezos wrote: "Today I challenge our top retail competitors (you know who you are!) to match our employee benefits and our $15 minimum wage. Do it! Better yet, go to $16 and throw the gauntlet back at us. It's a kind of competition that will benefit everyone." The challenge comes after Amazon disclosed Bezos's total 2018 compenstation was $1,681,840, 58 times the median compensation of employees other than himself of $28,836. In the letter, Bezos also wrote about the growth rate of its retail business, strength and vision of its AWS cloud business and the growth of its Echo and Alexa business, and how the company is now "plunging into helping companies harness Machine Learning." Amazon's stock, which was unchanged in premarket trade, has rallied 29.5% over the past 12 months, while the SPDR S&P Retail ETF has edged up 1.3% and the S&P 500 has gained 9.3%.
- Investor's Business Daily•8 days ago
Small Caps Lead As Stocks Make Short Work Of Prior Day's Stumble
The stock market fought back from early weakness Wednesday, a day when small caps shined and leading stocks made broad gains.
- Zacks•9 days ago
Beat Q1 Earnings Woes With These Sector ETFs & Stocks
The Q1 earnings picture looks bleak with projected growth turning negative for the first time since the second quarter of 2016.
- MarketWatch•14 days ago
Hibbett Sports CFO Scott Bowman resigns after about 7 years in the role
Hibbett Sports Inc. said Friday that Chief Financial Officer Scott Bowman is resigning after nearly seven years in the role and at the company. Athletic apparel retailer said the resignation is effective April 26. Bowman, who was hired as Hibbett's CFO in July 2012, said he has accepted "another opportunity" that will put him closer to his family. The company said it will begin the search for Bowman's successor. The stock, which is still inactive in premarket trade, has soared 45% over the past three months, while the SPDR S&P Retail ETF has tacked on 8% and the S&P 500 has climbed 14%.
- MarketWatch•14 days ago
Urban Outfitters stock on track for 10th-straight gain after Wedbush lifts price target
Shares of Urban Outfitters Inc. rose 0.6% in premarket trade Friday, putting them on track for a 10th-straight gain, after Wedbush analyst Jen Redding raised her price target, citing research suggesting revenue, same-store sales and margins are tracking above expectations. Through Thursday, the fashion apparel retailer's stock has soared 19.7% in the nine sessions since it closed at a 16-month low of $27.92 on March 22, the longest win streak since the 11-day stretch ending Nov. 29, 2017. Redding raised her stock price target to $35 from $30, but reiterated her neutral rating. She said her research suggests that after previously warning of risk to fiscal first-quarter gross margins, "data recently inflected positively, and now shows above-plan run rates tracking across revenue, comp and gross margin." The FactSet consensus for first-quarter revenue is $855.5 million and for same-store sales is a 1.1% decline, and Redding said the consensus for gross margin is currently 32.67%. The stock has edged up 0.6% year to date, while the SPDR S&P Retail ETF has climbed 11% and the S&P 500 has rallied 15%.
- MarketWatch•15 days ago
Office Depot's stock drops after warning on revenue, CompuCom performance
Shares of Office Depot Inc. sank 7.2% in premarket trade Thursday, after the office supplies retailer warned of revenue and operating income shortfall in the first quarter, citing lower-than-expected performance at its CompuCom division. The company said it expects revenue of $2.76 billion, which is below the FactSet consensus of $2.82 billion, and adjusted operating income of about $65 million, including an operating loss of $15 million for CompuCom. The loss for the CompuCom was driven by lower-than-projected revenue from existing customer projects and less-than-commensurate reductions in associated expenses. The company said its business solutions division was impacted by higher paper and related costs that it could not completely pass through to customers because of contractual limits. The stock has run up 46% year to date through Wednesday, while the SPDR S&P Retail ETF has gained 10% and the S&P 500 has rallied 15%.
- Zacks•16 days ago
Is February Retail Sales Spooking You? Play These 4 ETF Areas
Though February's retail sales declined and missed market expectations, there are some winning corners. Play those areas with these ETFs and stocks.
- InvestorPlace•22 days ago
Lululemon Stock Is Near Its All-Time High. Don’t Fade It Yet.
The rhetoric in the media this week has been bearish even when markets rallied on Tuesday. So there is trepidation on Wall Street and traders have one foot out the exit door. But there are a few exceptions and Lululemon (NASDAQ:LULU) is one that continues to shine. LULU stock is headed higher, even from here.Source: Shutterstock Last night, management reported earnings and investors loved what they saw. LULU stock is up 12% on the headline as they delivered an excellent report card. Moreover, the stock came into earnings day already up 20% year-to-date. This was already ahead of the S&P 500 and the SPDR S&P Retail ETF (NYSEARCA:XRT) by 9%.So, did they beat expectations? The answer is an emphatic YES! They clobbered both the sales and earnings expectations. Long gone are the days of the see-through pant debacle.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhat makes this more impressive is that they had already raised the range for the quarter. Not only did they crush the sales estimates with 16% comparable sales, but they increased their bottom line 87% from last year. LULU Chief Executive Officer said that the company had its best year ever behind system-wide strength in their business. * 10 F-Rated Stocks to Sell in This Narrow Market What makes this more impressive is that even as LULU stock is almost at its all-time highs they committed to a $500 million buyback program. This confidence from the management team eliminates all doubts that they can continue to perform this well.LULU has figured out the right mix of product lines. They are growing new areas like shoes and men's lines. This way they can leverage their sales infrastructure to flow stronger margins to the bottom line. To that point, margins are already strong, especially in e-commerce and they rarely discount.Fundamentally they steered away from the athleisure pin. For the longest time investors deemed it a fad. But lately it morphed into a way of life-wear and it definitely stepped out of the yoga studios.Lululemon stock is not cheap. It sells at a price-to-earnings ratio of 44, which is expensive in absolute terms say relative to Apple (NASDAQ:AAPL) which sells at a P/E of 18. But it's in line with retailers like Costco (NASDAQ:COST) or Walmart (NYSE:WMT).For as long as LULU continues to deliver on growth as they have been doing, I will give them a pass on valuation. I'd rather pay 44 times for LULU than risk the same P/E on Walmart (NYSE:WMT) or Costco (NASDAQ:COST). LULU is clearly executing on plans almost flawlessly and it is not shackled like these two traditional brick and mortar chains. How to Approach LULU StockLULU still has a clear road to exponential expansion. CEO Calvin McDonald also confirmed that they had strength in the Chinese markets. So the growth there is exploding and it's just getting started. This leaves little room to fade the rally. Shorting LULU stock here is the equivalent of shorting equity markets in general. Strength in Asia more than offset whatever weakness comes from Europe.This is a stock that is defying gravity and in the face of tremendous unease on Wall Street. After all, we are still facing headwinds from geopolitical headline risk from Brexit and the global tariff wars. So as LULU stock approaches its all-time highs it becomes crucial that it slices right through it. * The 7 Best Bond Funds to Buy for a Shift in Interest Rates Those already long LULU can stay in it and set trailing stops based on portfolio balance and preferences. But for those looking to buy the stock, this is not an obvious entry point. However, LULU is a momentum stock so it won't give us a clear signal to enter. It's going to be a case of buy high and sell higher.Nevertheless, it won't be a bad idea to see the bulls actually close above the all-time high before chasing it. In short, if the markets are higher this year, then so is Lululemon stock.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Bond Funds to Buy for a Shift in Interest Rates * 10 Tech Stocks With Key Products That Face an Uncertain Future * 7 SaaS Stocks to Buy for Long-Term Gains Compare Brokers The post Lululemon Stock Is Near Its All-Time High. Don't Fade It Yet. appeared first on InvestorPlace.
Yahoo Finance•23 days agoLennar, Lululemon report — What to know in markets Wednesday
Homebuilder Lennar and athleisure brand Lululemon will report financial results on Wednesday.
- ETF Trends•24 days ago
3 ETFs to Consider to Take Advantage of Retail Rally
With the first quarter of 2019 coming to a close, it's easy to forget the retail sector since the holidays are a distant memory, but the recent rally in the sector is a reminder to investors that they should consider adding retail-focused exchange-traded funds (ETFs) to their portfolios. While strength in the retail sector piggybacks off of strong consumer spending, there has been a lot of movement within the sector that could make for some interesting ETF plays. For example, shares of Bed, Bath & Beyond surged 25 percent with activist investor interest--moves like this that could shake up the core foundation of longstanding retailers and inject a new lease on life, particularly those that are struggling.
- MarketWatch•24 days ago
Wayfair to open first full-service retail store in Massachusetts
Wayfair Inc. said Tuesday it will open its first full-service brick-and-mortar retail store in Massachusetts. The new store, to be located in Natick, is scheduled to open in early fall. The online home furnishings seller said it will also open four pop-up shops later this summer, after previously operating pop-up shops during the 2018 holiday season at the Natick Mall and in Paramus, New Jersey. The company had recently opened an outlet store connected to its warehouse in Florence, Kentucky. "With the opening of our new retail store, we are offering our customers a new way to enjoy Wayfair's exceptional shopping experience as we continue to transform the way people shop for their homes," said Chief Executive Niraj Shah. The stock, which edged up 0.3% in premarket trade, has soared 79% year to date through Monday, while the SPDR S&P Retail ETF has gained 7.2% and the S&P 500 has rallied 12%.
- MarketWatch•24 days ago
Bed Bath & Beyond's stock rockets after WSJ report that activist investors look to replace entire board
Shares of Bed Bath & Beyond Inc. soared 19% to pace all premarket gainers Tuesday, after The Wall Street Journal reported that three activist investors are preparing to launch a proxy fight to replace the home furnishings retailer's entire board. The WSJ report said late Monday that the activist funds, which control a combined 5% of the retailer's outstanding shares, said Bed Bath has failed to adapt as consumers shop more online, and wants the company to better curate its merchandise. Raymond James analyst Bobby Griffin upgraded Bed Bath by two notches to strong buy from market perform, saying many of the merits that make the company attractive for a buyout also hold true from an activist standpoint. "The most difficult issue facing all investors is the same: management's irritating lack of transparency," Griffin wrote in a note to clients. The stock has shed 34% over the past 12 months through Monday, while the SPDR S&P Retail ETF has slipped 0.9% and the S&P 500 has gained 5.3%.b
- InvestorPlace•28 days ago
Don’t Sell Nike Because of Its Revenue Miss
I will start with the conclusion first. There is more good than bad in this Nike (NYSE:NKE) earnings report. Long-term, Nike's revenue miss is not a reason to sell Nike stock, as the broader thesis remains intact.Source: Alessio Jacona via FlickrInvestors on Wall Street have a habit of overshooting trends. Recently, the experts have all been in agreement that NKE was a stock that everyone should absolutely own. Then, at some point like today, they realize their overzealousness and sell NKE down in droves.The important thing that follows such a situation is how far they fade it. Last year, we saw a similar situation where they were enamored with Nvidia (NASDAQ:NVDA) and they took that stock too far, too fast. Then, it got cut in half last year from the all-time high.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Beaten-Up Stocks to Buy as They Reverse Course Today the thesis is that NKE situation here is completely different than NVDA and the dips in Nike stock here could soon be an opportunity. Nike Stock EarningsLast night, Nike reported earnings and the stock is falling 4.5% on the headline. The problem is that the stock came into the earnings up 19% year-to-date and it actually set an all-time high yesterday. So giving back a little on good news is healthy as it builds a better base for more upside. This would also depend on the markets continuing the rally this year.Management delivered a strong report in the face of adversity. They beat on almost all metrics especially in China and the Eurozone where they faced the biggest hurdles. There, NKE grew sales double digits in spite of currency, geopolitical headwinds and central bank interference.So management is doing its job very well. You don't maintain high growth in a monster company without excellent execution. It's not that Nike delivered a bad report. The selling today is more a matter of overexuberance from Wall Street going into earnings.But while gross margins continue to expand, expenses remain a concern. But I don't worry about it for as long as they are putting it to good use and the strong results prove it. This is a proven team and I don't have a reason to doubt Nike now. How to Play Nike's Earnings DipThis dip is an opportunity to hold the stock for the long-term. It is definitely not a reason to leave money on the table. Nike's earnings report doesn't change the broader "buy" thesis.However, Nike stock is not cheap; It sells at 33x earnings, but it's not bloated either. It's much cheaper than Lululemon (NASDAQ:LULU), which sells at a 44 P/E, and Under Armour (NYSE:UA) still operates with a loss. Clearly, it's not an overvalued stock, so it would make for a reasonable starting point.Technically, since the stock is near all-time highs and falling there are some levels to watch for support.The volume profile since the December lows suggests that the NKE stock value area spans all the way to $75 per share. Obviously, it's not likely to head straight there as there are several interim support levels.The one area that interests me the most is $82/$83 per share. It has been pivotal since last June. I would be surprised if the bulls would let it fail without a strong fight. This usually creates congestion, which translates into a stall in the fall. Bottom Line on NKE StockThe next lowest big pivot area is around $79/$80 per share. This was the ledge from which NKE fell last 12% last October, so I imagine will be another battle zone for bulls and bears if the first support fails. These are not forecasts but mere scenarios that I need to know if I am trading the stock.I don't believe that this dip will cause many analysts to downgrade their outlooks on it as it is still trading below their average price targets. So if markets, in general, are going to be higher later then so is Nike stock.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks That Will Continue to Rebound in 2019 * 5 Stocks To Buy for the Happiest Employees * 7 ETFs for a Millennial Portfolio Compare Brokers The post Don't Sell Nike Because of Its Revenue Miss appeared first on InvestorPlace.
- MarketWatch•28 days ago
PETA takes a stake in Levi's to press for vegan leather patches
People for the Ethical Treatment of Animals (PETA) has taken a stake in newly-public Levi Strauss & Co. in order to urge the denim icon to switch its cow-skin leather patches to vegan leather ones. The activist organization says it has purchased the minimum amount of shares necessary to propose shareholder resolutions, and both attend and speak at annual shareholder meetings."PETA is heading to Levi's boardroom to urge the company to stop peddling these patches, which cause cows immense pain and suffering," PETA President Ingrid Newkirk said in a statement. Levi's ended its first trading day up a whopping 32%, and is up 1.1% in Friday premarket trading. The SPDR S&P Retail ETF has gained 8.8% for the year to date while the S&P 500 index has rallied nearly 14% for the period.
- InvestorPlace•28 days ago
7 Retail Stocks That Will Continue to Rebound in 2019
Retail stocks were hammered in late 2018 amid concerns that the global economy was slowing and that the global consumer was consequently losing confidence. The SPDR S&P Retail ETF (NYSEARCA:XRT) dropped 30% from early September 2018, to late December.Then, the post-Christmas rally happened. Retail stocks, and the market in general, staged a huge turnaround the day after Christmas. They have stayed on a solid uptrend ever since because global economic fundamentals have started to stabilize and improve, while the global consumer has regained confidence in 2019.All in all, the S&P Retail ETF is up 15% since Christmas Eve.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor the most part, this rebound in retail stocks should continue because the fundamentals continue to improve. Trade and FX headwinds are becoming less severe. The rate hiking headwind has turned into a accommodating monetary policy tailwind. Consumer confidence metrics across the globe, and in particular the U.S., are bouncing back. Job markets globally remain healthy. Wages globally are heading higher.Overall, the economic fundamentals today continue to support a strong retail environment for the foreseeable future. Consequently, the early 2019 rebound in retail stocks should continue over the next several months. * 10 Stocks on the Rise Heading Into the Second Quarter Which retail stocks will lead this continued rebound? Let's take a deeper look. Nike (NKE)Source: rodrigofranca via Flickr Category: Athletic Apparel % Gain Since Dec. 24: 28%Shares of global athletic apparel giant Nike (NYSE:NKE) have been on a tear in 2019. Since bottoming out in late 2018, Nike stock is up nearly 30%, and now trades at fresh all-time highs.Why the big rally? Nike has continued to expand its dominance in the athletic-apparel category using faster-than-peer product innovation -- an enhanced direct retail strategy -- and unique marketing campaigns that have energized the core customer base. As Nike has done this, North America sales growth has come back into solidly positive territory. International growth has remained hot. Margins have recovered. And the whole company is back to firing on all cylinders.This rally in Nike stock will continue because this dominance is nothing new. Nike has dominated the athletic-apparel scene for over twenty years now. Time and time again, competitors arise and threaten Nike's dominance. Time and time again, Nike responds effectively, crushes the competition and only expands its dominance. This will continue to happen for the foreseeable future, and it will keep Nike stock on a long-term upward path. Home Depot (HD)Source: Shutterstock Category: Home Improvement % Gain Since Dec. 24: 17%Shares of Home Depot (NYSE:HD) dropped big in late 2018 amid concerns that the U.S. housing market was finally cooling after years of red-hot growth. But as financial markets have rebounded in 2019, so has Home Depot stock. It's up nearly 20% since late 2018.Why the big turnaround? U.S. housing market fundamentals have stabilized and improved in 2019. Specifically, the Fed went from hawkish to dovish, and stopped hiking rates. That caused mortgage rates, which had been on a sharp run up in late 2018, to fall big in early 2019. Also, consumer confidence has bounced back, wages have continued to rise, the unemployment rate remains low, housing starts have come roaring back and home-improvement-related retail sales rose over 8% year-over-year in January 2019. * 5 Stocks To Buy for the Happiest Employees All these improvements will continue so long as U.S. economic fundamentals remain solid, which they should. Americans will keep buying and remodeling homes. And Home Depot's sales and profits will continue to rise. As such, so long as the U.S. economy remains on solid footing, the rebound in Home Depot stock should persist. Lowe's (LOW)Source: Mike Mozart via Flickr (modified) Category: Home Improvement % Gain Since Dec. 24: 20%The story at Lowe's (NYSE:LOW) parallels the story at Home Depot. The stock was killed in late 2018 on slowing U.S. housing market concerns. It's rebounded in a big way in 2019 as housing market fundamentals have stabilized and improved.Importantly, though, Lowe's appears to finally be gaining share against Home Depot for the first time in a long time. For the past several years, Home Depot has consistently out-comped Lowe's in a sign that Home Depot was gaining market share and Lowe's was losing market share. But to end 2018, the gap between Lowe's and Home Depot's comparable sales growth was the narrowest it's been in two years. In January 2019, Lowe's actually out-comped Home Depot.The implication? For the first time in a long time, Lowe's is leveling the playing field with Home Depot and actually gaining share in the home improvement market. Lowe's stock is still materially cheaper than Home Depot stock. As such, as home improvement stocks continue to rebound, Lowe's stock could be the big winner. Target (TGT)Source: Mike Mozart via Flickr (Modified) Category: General Merchandise % Gain Since Dec. 24: 26%In late 2018, shares of Target (NYSE:TGT) fell off a cliff as investors were spooked by slowing comparable sales growth and compressing margins against the backdrop of a slowing U.S. economy. Target stock dropped big. But it's also rebounded big since then, staging a 26% rally since Christmas Eve.The turnaround in Target stock was powered by a few things. First, the U.S. economy stopped slowing and started stabilizing. Second, the U.S. consumer regained confidence in early 2019 and general merchandise retail sales rose 2.2% in January 2019. Third, Target reported solid holiday-quarter numbers that underscored that Target remains a healthy growth company with a red-hot digital business and stable margins. * 3 Out-of-Favor Consumer Stocks to Buy This turnaround in Target stock will continue because the fundamentals remain favorable and the stock remains cheap. Given stable U.S. economic fundamentals and Target's newly developed omni-channel retail presence, this company projects as a stable low single-digit revenue grower and high single-digit profit grower over the next several years. Yet, Target stock trades at just 13x forward earnings. That's too cheap for that level of growth, meaning this rally in Target stock will persist. Ulta (ULTA)Source: Mike Mozart via Flickr Category: Health & Personal Care % Gain Since Dec. 24: 46%Shares of Ulta (NASDAQ:ULTA) have been on a roller coaster ride over the past several months. In late 2018, Ulta stock dropped nearly 30% in just over a month. In 2019, however, Ulta stock has rebounded by nearly 50% in just over two months.The big selloff in late 2018 was the result of a below-consensus holiday-quarter guide converging on a rich valuation. The big rebound has been the result of the company blowing the lid off that below-consensus guide and reporting very strong holiday-quarter numbers. It also helps that comparable sales growth accelerated, margins expanded and the forward guide was strong -- all against the backdrop of a resurgent U.S. consumer. Now, Ulta stock is now making new highs.Ulta stock will continue to make new highs for the foreseeable future because this company is getting its groove back. New product launches in late 2018 helped reinvigorate comparable sales growth back to the near 10% range. These new product launches will continue to drive healthy customer enthusiasm and traffic gains through 2019. As they do, Ulta's revenues and profits will continue to impress, and Ulta stock will stay on an uptrend. Foot Locker (FL)Source: Shutterstock Category: Athletic Apparel % Gain Since Dec. 24: 22%Foot Locker (NYSE:FL) stock dropped big in late 2018 amid slowing U.S. economy concerns. But as the U.S. economy has stabilized, Foot Locker stock has rebounded.The rebound in Foot Locker stock has been especially large (over 20% since Christmas Eve) because of a strong holiday-quarter earnings report that underscored healthy operating fundamentals for the company. Comps rose 10%. Margins expanded in a big way. Inventories fell. The guide was healthy. Investors cheered. Foot Locker stock popped. * 3 Bank Stocks Whacked Down by the Fed In the big picture, Foot Locker's numbers have been getting better for a long time now. Now, they are finally good again, and this tells me that the worst is in the rearview mirror for FL. Going forward, Foot Locker will remain an important and stable player in the athletic-apparel retail landscape. FL's growth profile, coupled with the current 11x forward earnings multiple, should be enough to keep Foot Locker stock on a winning path. Best Buy (BBY)Source: Best Buy Category: Electronics % Gain Since Dec. 24: 43%In late 2018, there was a rumor flying around that the consumer electronics space was rapidly slowing. Consequently, shares of Best Buy (NYSE:BBY) dropped nearly 50% in a matter of three months.That rumor was a bunch of hot air. In early 2019, Best Buy reported strong holiday-quarter numbers that included positive comparable sales growth, big digital sales growth, margin expansion and an above-consensus full-year guide. Those numbers were proof that Best Buy remains the leader in the still-growing consumer electronics space. Consequently, Best Buy stock rallied.Still, Best Buy stock is pretty cheap at just 12x forward earnings. That's too cheap for Best Buy, a company which should report positive comps and healthy margins for the foreseeable future thanks to secular tailwinds (the widespread emergence of IoT and AI technologies). As such, a cheap valuation and favorable growth fundamentals should keep BBY stock on an upward trend for the foreseeable future.As of this writing, Luke Lango was long NKE, HD, TGT, FL, and BBY. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post 7 Retail Stocks That Will Continue to Rebound in 2019 appeared first on InvestorPlace.
- InvestorPlace•29 days ago
Casey’s General Store Stock Is a Short and Long-Term Winner
Casey's General Store (NASDAQ:CASY) stock is stuck in a trading range but this presents opportunities. It recently reported quarterly results and the reaction to CASY stock has so far been sub-optimal. But CASY is falling into support, so it's time to evaluate owning the shares for the mid and long term.Source: Shutterstock CASY is lagging the sector as it is down 1% year-to-date, whereas the SPDR S&P Retail ETF (NYSEARCA:XRT) is up 7% for the same period. So it has some catch up to do in the short term. But for the 12 months period, CASY is up 13% much higher than the sector exchange-traded fund.When management reported, it beat earnings estimates for this quarter and this was a triple-digit increase over this same period last year. Sales on the other hand were soft. CASY missed expectations by almost 6%, which is also a flattish red performance relative to last year. The good news in this is that clearly management is able to manage through tough times.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo that, management lowered its next quarter earnings estimate but raised it for the full year of 2019. This indicates that they have a hold on their business and that they have a plan to fix it by year-end. * 10 Stocks on the Rise Heading Into the Second Quarter This gives me confidence in the team, so if I own the shares I stay in them for as long as my thesis remains intact. For those looking to invest in Casey's General Store stock for the long term, this is as good a time to buy. Management over-delivered on earnings and is forecasting better results for the full-year outlook.For those who prefer to trade the CASY stock short term, there are important levels to note. How to Approach CASY Stock TodayIt is rare to see a brick-and-mortar retail company like CASY be a momentum stock, but this one acts like it. It has its fans since last year when the equities were in free fall into December, it traded in a three-month horizontal trading range. They did not fall into lower lows like the rest. In fact, CASY stock set its lows two weeks before the S&P 500 Christmas bottom.So when markets, in general, hit their bottom in December, CASY set a higher low at $121 per share and rallied to set new all-time highs. Since then, it has had four 10% moves in either direction, so clearly, traders in it are active.In December, CASY stock set its low of $117 per share. This is the biggest pivot and it has been in contention since 2015. On the way down, such pivots act as support because both bulls and bears fight over them hard, thereby creating congestion. This was also the same spot from which Casey's General Store stock broke out last September. Management reported earnings and the stock sprang to its higher trading range.Conversely, the net reaction to the March earnings report was negative after a brief pop. So now it needs to hold $124.5 or risk retesting $120, which is the last line of short-term defense before the December low. While this is not a forecast, it is a realistic scenario that investors need to know. * 7 Video Game Stocks on Steep Discount I don't look for help from the Wall Street experts as they are split with their opinions between BUY and HOLD and the stock is trading well below their average price target ranges.So I could try to be surgical in my entry points or just buy CASY stock near potential support and stick to tight stop loss levels. Otherwise, I trade it from the long term and not worry so much about finding the perfect entry point as long as I don't chase it too high. Right here, CASY should have enough support to serve as a decent entry point for a swing trade higher or a long-term hold alike.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post Casey's General Store Stock Is a Short and Long-Term Winner appeared first on InvestorPlace.
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Retail concerns return as 6,000 stores announce they will close, more than all of last year
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