|Bid||0.00 x 1300|
|Ask||0.00 x 900|
|Day's Range||44.89 - 45.53|
|52 Week Range||38.10 - 52.96|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.97|
|Expense Ratio (net)||0.35%|
According to the IRS the average tax refund is down 8% compared to last year. Yahoo Finance's Editor-At-Large Brian Sozzi tells us what this means for retailers
Payless ShoeSource will close all of its approximately 2,100 stores in the U.S. and Puerto Rico as part of the largest retail liquidation ever, the Wall Street Journal reported citing a source close to the situation. Payless filed for bankruptcy protection previously and emerged in 2017. Liquidation sales are expected to start as early as next week, with those locations in Canada and Latin America unaffected. The SPDR S&P Retail ETF has lost nearly 2% over the past year while the S&P 500 index has gained 1.4% for the period.
December retail sales were lackluster. But several underperforming areas have long-term potential and investors can tap those with ETFs.
As major automakers get ready to roll out their own electric vehicles in the coming quarters, Canadian carmaker Electra Meccanica is betting on a potentially sizable market. Electra Meccanica already produces a roadster and a sports car, but it has also just begun rolling out a three-wheeled, one-seater electric vehicle, called the Solo, that CEO Jerry Kroll told TheStreet's Annie Gaus is ideal for the 83% of commuters who ride by themselves. "In the United States alone, that's 140 million people," Kroll told TheStreet.
While the retail segment wobbled Thursday on reports of a slump in consumer spending over the holiday season, ETF investors will have to keep a close eye on the sector in the upcoming earnings season. ...
On Thursday, the Commerce Department reported that retail sales dropped to its lowest level in nine years, which evidenced a drop in economic activity near the end of 2018 as markets were getting roiled by volatility. Looking at the data, the Commerce Department reported retail sales fell 1.2 percent, its largest drop since September 2009 as the financial crisis took a hold of the capital markets. In addition, November data was revised lower to show retail sales were up 0.1 percent as opposed to the previously reported 0.2 percent.
Amid all the talk about the rise of e-commerce and online shopping, the SPDR S&P Retail ETF (NYSEArca: XRT) is up 9.51% this year and some data points augur well for the future of some brick-and-mortar ...
Retail stocks and the related exchange traded funds are off to impressive starts in 2019. The SPDR S&P Retail ETF (NYSE: XRT), one of the most widely followed retail ETFs, is higher by 9.51 percent. EMTY, which debuted in November 2017, “seeks capital appreciation from the decline of bricks-and-mortar retailers through short exposure (-1x) to the Solactive-ProShares Bricks and Mortar Retail Store Index,” according to ProShares.
Retailer stocks were knocked broadly lower Thursday, after government data showed that December retail sales didn’t just surprise Wall Street by declining, but took the biggest one-month tumble in 9 years.
The retail sector took a blow in the final month of 2018, adding to a list of consumer economic casualties amid year-end market turmoil and a protracted government shutdown.
The trade war is hurting U.S. whiskey exports, putting a damper on an otherwise upbeat 2018, according to data from the Distilled Spirits Council. "Globally during the first six months of 2018, U.S. exports of American whiskeys were growing at 28% (Jan-Jun: $595 million)," the Council wrote. "Following the imposition of the retaliatory tariffs, these exports decreased 8.2 % (Jul-Nov: $526 million) compared to the same period in 2017 (July-Nov.)." Overall, U.S. spirits had a "record" year, with $1.7 billion in exports through November. The E.U. is the biggest market, with exports totaling $363 million from January through June, then slipping to $312 million from July to November. American whiskey was the biggest driver of sales growth in the high-end and super premium spirits categories, up 6.6% to $3.6 billion. Tequila was up 10.2% to $3.0 billion, cognac was up 14.2% to $1.8 billion, and Irish whiskey increased 12% to $1.0 billion. Spirits gained market share versus beer in 2018, to 37.4% of the total alcohol market. Spirit supplier sales totaled $27.5 billion for the year. The SPDR S&P Retail ETF is up 0.2% over the past year while the S&P 500 index is up 3.2% for the period.
The trade war has taken a toll on imports to the U.S. from China, with the number of appliances entering the country dropping sharply in January, according to data from Panjiva, a global supply chain intelligence group. The year-over-year decline in refrigerator imports was 23.9% in January, while vacuum cleaners fell 14.9% for the period. Both items began to incur 10% duties in September. The steep declines are part of declines across a number of categories after a surge in December. Overall, imports to the U.S. were up 22.6% in December, and up an average of 14% for the fourth quarter of 2018. Imports from China were down 1.5% in January. "Among the major shippers of household appliances (including refrigerators and vacuums) both Samsung Electronics and LG Electronics have slashed their shipments in January with an 85.7% and 97.0% drop respectively," the Panjiva report said. The Amplify Online Retail ETF has gained 6.4% over the past three months while the SPDR S&P Retail ETF [S: xrt] has lost 7.3% for the period, and the S&P 500 index is up 0.3% for the period.
U.S. non-grocery retailers lost $300 billion in revenue in 2018 due to markdowns, according to a new report from Celect. That's the equivalent of about 12% of sales. The cloud-based inventory management platform polled 200 senior retail executives with help from Coresight Research. More than half of respondents (53%) attributed the missed sales to "inventory misjudgments." Respondents said 60% of sales are at full price. Among retailers who sell across platforms, only 6.3% of respondents said they sold 90% to 100% of their inventory at full price, below the 15% average. "This suggests that the complexity of omnichannel operations makes inventory management more challenging, as retailers selling through multiple channels must consider more variables that can affect sales," according to the report. The Amplify Online Retail ETF has gained 7.1% over the last year, the SPDR S&P Retail ETF has fallen 1.3% over the period, and the S&P 500 index is up 2% for the past 12 months.
Thanksgiving day was the third largest online shopping day of 2018 with $3.68 billion in sales tallied, according to data compiled by Adobe Inc. and eMarketer. Cyber Monday was the number one online shopping day with $7.87 billion, and Black Friday was number two with $6.22 billion. EMarketer attributes the surge to mobile devices. Midway through the season, Adobe data showed that mobile shopping would hit a "landmark," with shoppers using their always-present devices to shop during their free time. The data shows that smartphones accounted for 51% of holiday digital shopping visits, and 31% of e-commerce sales. The SPDR S&P Retail ETF is down 7.8% for the past three months, the Amplify Online Retail ETF has gained 3.4% for the period, and the S&P 500 index has slipped 0.8% in the last three months.
The National Retail Federation (NRF) is projecting retail sales figures to grow from 3.8 to 4.4 percent, which is lower than the 4.6 percent growth experienced in 2018--something investors should take note of with respect to retail-focused exchange-traded funds (ETFs). ETFs to keep an eye on are the SPDR S&P Retail ETF (XRT) , Amplify Online Retail ETF (IBUY) and VanEck Vectors Retail ETF (RTH) . XRT is up 8 percent year-to-date, while IBUY is up almost 18 percent and RTH is 7.6 percent higher YTD.
The National Retail Federation announced its 2019 retail sales forecast, expecting the total to exceed $3.8 trillion with growth of 3.8% to 4.4%. "More people are working, they're making more money, their taxes are lower and their confidence remains high," said Matthew Shay, the group's chief executive, in a statement. "The biggest priority is to ensure that our economy continues to grow and to avoid self-inflicted wounds. It's time for artificial problems like trade wars and shutdowns to end, and to focus on prosperity not politics." The NRF said retailers so far have been able to blunt the impact of higher tariffs, but that could change if tariffs on $200 billion worth of Chinese goods go up to 25% from 10%. Preliminary numbers show that retail sales grew 4.6% in 2018, reaching $3.68 trillion. Online sales were up 10.4% to $682.8 billion, and are expected to grow 10% to 12% in 2019 as well. The SPDR S&P Retail ETF has gained 1.7% over the last 12 months. The Amplify Online Retail ETF has gained 11.3% in the past year. The S&P 500 index is up 3.2% for the period.
Charlotte Russe Holdings Corp. filed Monday for bankruptcy, as the women's apparel retailer looks to wind down about 94 stores, while it continues to pursue a sale of its business. The company has received up to $50 million in debtor-in-possession financing, which would help support operations during the bankruptcy process. The company said its Charlotte Russe and Peek Kids stores and websites will remain open, and will provide more details about store closures in the near term. The bankruptcy comes at a time that the SPDR S&P Retail ETF has lost 9.2% over the past three months and 3.6% over the past 12 months, while the S&P 500 has slipped 2.0% over the past year.
This morning we learned that Starbucks (NASDAQ:SBUX) ex-CEO Howard Schultz may be throwing his hat in the political ring. While he is not leading Starbucks, this will certainly put the company in the line of potential political fire. Source: Shutterstock This morning the stock is down 1.5%, which could be partly due to the headline or as a reaction to Caterpillar's (NYSE:CAT) bad earnings news. Last year, there were rumors about this, yet the stock did relatively well. But the reaction is always different when the actual news comes out. That aside, Starbucks is doing well of late. SBUX stock is up 17.6% in a year while the SPDR S&P Retail ETF (NYSEARCA:XRT) is down 8.4%. Starbucks has had its fair share of worries but most were around their throughput. Their critics complained about the long lines, which is a good problem to have for any retailer. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Last year there were fears stemming from Starbucks' China markets but those, too, are subsiding. Admittedly, this may change in early March if the two countries don't come to terms or kick the can on the deadline. Otherwise, SBUX stock is a proven performer and deserves the benefit of the doubt. * 10 of the Best Stocks to Invest In for February But that is nothing new to me. I've been a long time fan of Starbucks stock. But for a long while, it was stuck inside a wide horizontal range with hard resistance around $61 per share. Last November's earnings report changed that -- SBUX stock spiked by $10 to reach $68 per share. Then, on this most recent earnings report, SBUX shrugged off headline concerns, and the important thing about this is that it's defending the neckline from where it finally broke out. So is it too late to chase it? No. When a stock spends months consolidating inside a range then breaks out of it, that range will serve as forward support. So the bulls will have a good base on where to build higher levels. All that management has to do is continue to deliver on plans. Just recently, Starbucks announced that it partnered with Alibaba (NASDAQ:BABA) to perk up its delivery service in China, which is a huge opportunity market for SBUX. Clearly, they are not afraid to seek alliances where they see fit. This is a heads-up management team even after the recent change in the C-Suite. Hopefully, Howard Schultz's political aspirations won't cause any blow-back to the stock. While it was stuck below $61 per share I sold put options on dips to create income but now I can hold the stock outright for the long-term. Those who want to invest in a basket of solid fundamentals ought to consider SBUX stock. This year, SBUX stock is off to a good start in spite of a shaky knee-jerk reaction to the earnings headline. So there could be sellers still lurking especially if the general markets correct in the next few days. This is a potentially violent week from several angles. We have almost $200 billion in potential market capitalization that could move from this week's earnings, especially leaders like Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT). But so far the bulls have prevailed in times of uncertainty in 2019. I expect that to continue as I doubt that all mega-cap stocks will disappoint investors this week. The Starbucks-specific earnings headline has passed for SBUX, so from here it will move with the general markets but inside its own range of prices. So I expect the recent lows to hold and they, too, will be buying opportunities. So to guard against the potential dips, I would start with a partial position just so I can leave room for adding, in case equity markets fade a little. In the long run, SBUX will continue its growth strategy and build upon its cash cow. The immediate sentiment threat that we had last year is dead. This year while we've had a few stints of fear, they have not had follow-through selling. Those who are looking to invest in a stable of staple companies for the long-term should consider SBUX. Trading in and out of it will likely be more work than benefit unless someone plans on actively trading and using options. So the idea is to enter the stock with the confidence that management has proven itself worthy and that they will deliver on their plans for years to come. The world is addicted to Starbucks' coffee, and it's a cash cow upon which it can expand into other income streams. ### Bottom Line on SBUX Stock Fundamentally, Starbucks stock is priced in line with other mega consumer retailers like McDonald's (NYSE:MCD), Costco (NASDAQ:COST). This is to say that it's not susceptible to an obvious correction from a bloated state. Buying it here for the long-term carries no undue risk. In summary, SBUX is a great American company on a global expansion mission. It has proven management and a strong opinion on Wall Street. So my worry is that it sounds too easy. But I will always be comfortable taking risks on solid fundamentals. I reiterate the short term potential risk stemming from the political headline threats into mid-March. So patience and sizing are important here even if the SBUX story is strong on its own. In three weeks, U.S. politicians will fight it out again over the government budgets and the spending limit. This is in addition to the drama over the China tariff war. Click here for a bonus video on how to create income from nothing using FedEx (NYSE:FDX) stock as an example. 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 Recession-Proof Stocks to Buy ... According to Goldman Sachs * 10 Triple-A Stocks to Buy in February * 7 Smart Money Opinions on Where Stocks Are Going Next Compare Brokers The post Starbucks Stock Is Perking Up Over Resistance -- Buy It appeared first on InvestorPlace.
Why WMT, COST, and TGT Could Outperform the Market in 2019Momentum likely to continueWalmart (WMT), Target (TGT), and Costco (COST) saw impressive sales performances in 2018. These big-box retailers managed to report strong comps in the period
While the 2019 stock market is getting off to a good start, equities are still reeling from headlines. We are still in a tariff war with China and Europe and deadlines are looming. We also have to contend with the longest U.S. government shutdown in history. Yet the retail sector SPDR S&P Retail ETF (NYSEARCA:XRT) is up 6% year-to-date. But they have a big hole from which to dig out. Target (NYSE:TGT) for example is down 10% in 12 months so it has plenty of room to run if markets are able to maintain the rally. The December crash presents an opportunity for an extended run. Sentiment may have been too grim. Investors on Wall Street feel better about stocks. Yesterday for example, Walmart (NYSE:WMT) got an upgrade from Morgan Stanley and the stock spiked over 1% in a tough tape. They raised the price target to $110 per share. This is a gutsy move and I respect it. But I cannot chase WMT from these bloated levels. Its trailing 12 month price-to-earnings ratio is 56, which is far too rich for my taste. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Compare that to TGT, which was flat yesterday. This is a company that has the respect of experts on Wall Street. Consensus is that management is competent and that they are on track to succeed as a big box retailer in the new shopping world that Amazon (NASDAQ:AMZN) created in the last ten years. While Walmart is hogging the headlines, Target stock makes for a better bet from here. The rally off the December crash is not done. So today I suggest that the better trade off the Morgan Stanley upgrade is to buy Target stock. If WMT is going to be higher, then so is Target and it has a lot of catching up to make. At least I know that by buying TGT stock here, I would be buying more value than froth. Its P/E is three times cheaper than that of WMT and twice as cheap as Costco (NASDAQ:COST). So if things continue to be difficult for the indices, then I should have less downside exposure owning TGT than WMT. * 10 Hot Stocks to Buy Right Now Moreover, there are technical reasons to own TGT into the first quarter. My macro-economic thesis is that these negative headlines will abate in the next few months so stocks will rise. Target will have a chance to trigger a breakout trade off the $72 per share neckline. This is a zone that spans +/- $1 and it could easily fill the gap to $78 per share. For the last half of 2018 sellers were in complete control. They made the sell-the-rip meme take hold so rallies didn't last long. This is no longer true in 2019. Every effort to fade the rallies failed. Even on Wednesday and in the face of a slew of negative political headlines, the S&P 500 shrugged off the dip and closed strong. The CBOE Volatility Index (INDEXCBOE:VIX) closed down 6% in comparison. Furthermore, and even if we retest the February lows, it would still be inside the acceptable range and another buying opportunity. This means I can buy Target stock now and sit on it for a few months for the upside reward knowing that it could fade a little for the next two weeks. * 7 Best Stocks to Buy Until the Next Seismic Shift ### TGT Stock Has Support The recent price action has a point of control around $68 per share. Those tend to be supportive on the way down. So I am confident owning the shares knowing that if it dips, there will be congestion below that translates into support. The December crash was a complete overshoot and is not in my forecast now. Anything below $66 is extreme and won't last. The experts on Wall Street agree, but the analysts are shy about upgrading it even though it's trading below their average price range. So this leaves decent odds to positive headlines on that front. Meanwhile, it will be hard to ignore the negative rhetoric. The media tends to inflame the potential pitfalls because drama sells. It is important to keep it simple and trade the levels at hand. Once I choose a thesis, I trade the price action in the charts. This way I eliminate the sentiment element. I bet we would all be better traders if we completely ignore the news. Click here for a bonus video on how to create income from nothing using FedEx (NYSE:FDX) stock as an example. 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 * 10 Hot Stocks to Buy Right Now * 7 Stocks That Have Big Headwinds In 2019 * 5 Terrific Tech Stocks That Will Make You Forget About FANG Compare Brokers The post Target Stock Has Much More Room to Run From Here appeared first on InvestorPlace.
China will surpass the U.S. to become the top retail market in the world, according to eMarketer data. Experts say China's market will exceed the U.S. by $100 billion in 2019, with sales growing 7.5% to $5.636 trillion. U.S. retail sales are expected to grow 3.3% to $5.529 trillion. Growth rates are decelerating in both countries. China has the highest rate of e-commerce sales in the world at 35.3%. Alibaba Group Holding Ltd. is leading the way with 53.3% share of sales, though its share has been on the decline. In 2019, Chinese e-commerce is expected to reach $1.989 trillion, and the country will have 55.8% of digital retail sales around the world. In the U.S., e-commerce accounts for 10.9% of retail sales. By 2022, eMarketer says total retail sales will reach $6.030 trillion in the U.S. and $6.757 trillion in China. The SPDR S&P Retail ETF has lost 10.4% over the last 12 months, the Amplify Online Retail ETF is down 2.7%, and the S&P 500 index has lost 7.3% for the period.