|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's Range||50.58 - 51.00|
|52 Week Range||37.72 - 51.94|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
The retail sector enjoyed a broad stock rally Thursday, as blowout results from Walmart Inc., in the wake of upbeat economic data, helped negate the biggest-ever plunge in J.C. Penney Co. Inc. shares.
Believe it or not, despite recent headlines and volatility, the bull market in U.S. stocks is still alive and well. Calendar 2018 has been fairly bumpy relative to prior years, thanks to global inflation, trade and debt risks. In the big picture, the bull market for stocks is still in tact.
MARKET PULSE Shares of Walmart Inc. (wmt) shot 9.9% higher in premarket trade, after the discount retail giant reported blowout fiscal second-quarter results, putting them on track to give a big boost to the Dow Jones Industrial Average (djia) The shares' price gain would add about 61 points to the Dow, while Dow futures (ymu8) climbed 200 points.
As summer vacation draws to a close, it’s back to pencils, books and teachers’ dirty looks for many students, which bodes well for retail ETFs looking to capitalize on a busy back-to-school shopping season. ...
Consumer discretionary ETFs may find support from strong consumer confidence and a tight labor market that helped fuel Americans' spending in the third quarter. According to the Commerce Department, retail sales - a measure of spending at U.S. stores, websites and restaurants - rose 0.5% in July month-over-month, compared to economists’ forecasts for a 0.1% gain, the Wall Street Journal reports. The growth in retail sales was driven by improved spending at grocery stores, restaurants, department stores and clothing stores.
The SPDR S&P Retail Sector ETF ( XRT) just made new all-time daily closing highs. Since 2007, Amazon.com, Inc. ( AMZN) is up 5,170%, and J. C. Penney Company, Inc. ( JCP) is down 97.5%. Traditional retail is dead, so go out and buy Amazon and short the rest of the sector.
The SPDR S&P Retail ETF (NYSEArca: XRT) and other retail exchange traded funds have been solid performers to this point in 2018. Some fresh data points suggest that trend could continue as the back-to-school ...
This morning, the stock market had a small tizzy, and while we’re so close to an all-time high! That’s okay — small hiccups are part of the normal price action of any good breakout. Perhaps the real problem is that Wall Street is more worried in general, not disdainful of Macy’s results. Macy’s beat across the board on P&L performance metrics.
US retail sales rose 0.5% sequentially in July against expectations of just a 0.1% increase. On an annual basis, the retail sales in July grew by 6.4%. The core retail sales (XRT), which exclude automobiles, gasoline, building materials, and food services, grew by 0.5% in July.
MARKET PULSE The retail sector suffered broad declines Wednesday, as a sharp selloff in Macy's Inc. (m) shares after earnings results offset upbeat macroeconomic data. The SPDR S&P Retail ETF (xrt) dropped 2.
According to ETF.com, some of the most-shorted exchange-traded funds (ETFs) focus on spaces as diverse as junk bonds, retailers, natural gas and semiconductors, among other areas. Traders engage in "shorting" when they borrow a security, sell it and then buy it back at a later date and hopefully at a lower price.
MARKET PULSE Shares of Home Depot Inc. (hd) rose 1.2% in premarket trade Tuesday, after the home improvement retailer reported fiscal second-quarter earnings and revenue that beat expectations, and raised the full-year outlook.
Total retail sales were expected to rise between 3.8 percent and 4.4 percent in 2018, but the sector's momentum since the start of the year suggests a growth rate of at least 4.5 percent is likely, Shay said as a guest on CNBC's "Squawk Box" segment Monday morning. The NRF's revised forecast to the upside can be attributed to the benefits of tax reform and regulatory reform, the organization's president said. The big question mark moving forward is how consumers will react to potentially higher retail prices on goods impacted by import duties, Shay said.
As you might recall, Home Depot (NYSE:HD) reported first-quarter sales in May that missed analyst expectations. Despite lukewarm revenues, investors pushed HD stock higher and is now trading about 15% higher than its April lows. Given the hot economy, anything less than a home run will result in HD stock revisiting the $170s.
MARKET PULSE Shares of Tiffany & Co. (tif) shed 2% in morning trade Friday, after the high-end jewelry seller was downgraded at Oppenheimer, which cited concerns over the negative impact of a rising dollar.
Give the SPDR S&P Retail ETF (XRT) some credit. Amid fears of near death experiences for some brick-and-mortar retailers, XRT disappointed in 2017, but the benchmark retail exchange traded fund is up nearly 13% in 2018.
The US (IVV)(QQQ) employment data for July was released on August 3. The job additions in July reached only 157,000, lower than the expectations of 190,000 job additions. Business and professional services gained 51,000 jobs, and the manufacturing (XLI)(CARZ) sector added a healthy 37,000 jobs.
Hiring in America cooled down in July but remained on an expansionary mode. The economy added 157,000 jobs, falling short of analysts’ expectation of 195,000 as surveyed by MarketWatch. This marks the lowest reading since March. However, the shortfall is well accompanied by upward revisions to May and June numbers from 244,000 to 268,000 and from 213,000 to 248,000, respectively.Source: Shutterstock
Hiring in America cooled down in July but remained on an expansionary mode. Against such a backdrop, we have highlighted some ETFs that are expected to gain in the days ahead.
If the U.S. is stuck in an escalating trade war, stocks and sector-related ETFs with the highest domestic sales exposure in the U.S. should begin to stand out. “If trade tensions continue to rise and new ...
Is Amazon still the king of the jungle? The battle for the consumer, with Robert Sluymer, Funstrat Global Advisors, CNBC's Melissa Lee and the Fast Money traders, Brian Kelly, Karen Finerman, David Seaburg and Dan Nathan.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after Office Depot reported second quarter earnings that beat Wall Street expectations for adjusted net income and revenue.