|Bid||0.00 x 800|
|Ask||0.00 x 1300|
|Day's Range||41.12 - 41.74|
|52 Week Range||40.81 - 52.96|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.82|
|Expense Ratio (net)||0.35%|
Todd Gordon, TradingAnalysis.com, looks at retail's bargain buys. With CNBC's Bob Pisani and Melissa Lee, and the Fast Money traders, Steve Grasso, Karen Finerman, Dan Nathan and Guy Adami.
Is the worst over for retail? Can the U.S. weather the trade war storm? With CNBC's Bob Pisani and Brian Sullivan, and the Fast Money traders, Pete Najarian, Tim Seymour, Dan Nathan and Guy Adami.
Target (NYSE:TGT) hasn’t had a great couple of weeks, but Target stock could still be a good deal. This has been among the primary troubles for Target stock. Ever since then, it’s been down and out for Target stock.
Invesing.com – Tailored Brands and Oxford Industries fell after their downbeat quarterly earnings and guidance raised concerns that the crucial holiday period may not deliver the festive cheer for retailers many expect.
This year has been a struggle for the stock market. The two biggest worries are the tariff war and the inversion of the yield curve in the U.S. Today’s opportunity is to capture another leg higher from here.
The previous day's positive reversal was wiped out Friday, after stocks resumed a sell-off following a weaker-than-expected jobs report.
Retail container ports have reached a new record, 2 million containers in a month, with retailers scrambling to get merchandise into the U.S. before possible tariff hikes, according to the National Retail Federation. Tariff increases were postponed for 90 days after talks between the U.S. and China during the Group of 20 meeting. "We hope that the temporary stand-down becomes permanent, but in the meantime there has been a rush to bring merchandise in before existing tariffs go up or new ones can be imposed," said NRF Vice President for Supply Chain and Customs Policy Jonathan Gold in a statement. "China's abuses of trade policy need to be addressed, but tariffs that drive up prices for American families and costs for U.S. businesses are not the answer." The Global Port Tracker said U.S. ports it covers handled 2.04 million 20-foot equivalent units (TEUs) in October, the last month for which numbers are available. That's up 9% from September and up 13.6% from last year. November was estimated at 2.01 million TEUs, up 14% year-over-year. Imports are forecast to fall in 2019 "as the market adjusts to higher prices to to the Trump tariffs and the impact on consumer and industry confidence going forward," said Ben Hackett, founder of Hackett Associates, which produces the Global Port Tracker for the NRF. The SPDR S&P Retail ETF is down 3% for 2018, the Amplify Online Retail ETF is up 5.8% for the period. The S&P 500 index is down 0.7%] for the year to date.
Shares of Big Lots Inc. were indicated down nearly 8% in premarket trade Friday, after the discount home furnishings and food retailer reported a wider-than-expected fiscal third-quarter loss and cut its outlook, while same-store sales beat. The company swung to a net loss for the quarter to Nov. 3 of $6.6 million, or 16 cents a share, from a profit of $4.4 million, or 10 cents a share, in the same period a year ago. That compares with the company's previous per-share guidance range of a loss of 6 cents to a profit of 4 cents, and the FactSet consensus of a 1-cent loss. Sales rose to $1.15 billion from $1.11 billion, topping the FactSet consensus of $1.14 billion, as same-store sales growth of 3.4% beat expectations of a 3.0% rise. The company said it expects near-term results to be "challenging" this holiday season. For fiscal 2018, the company affirmed its same-store sales growth guidance of "approximately 1%," but cut its adjusted EPS outlook to $3.55 to $3.75 from $4.40 to $4.55. The stock has tumbled 28% year to date through Thursday, while the SPDR S&P Retail ETF has slipped 0.4% and the S&P 500 has gained 0.8%.
Wage growth will likely be the most closely watched component of the US (VOO) jobs report. The metric has long been considered a missing piece of the otherwise strong labor market. While wage growth had disappointed market participants for the last few months, October’s wage growth was not disappointing.
Share of Dollar General Corp. sank 6.0% in premarket trade Tuesday, after the discount retailer reported fiscal third-quarter revenue that topped expectations but provided a downbeat outlook, citing "greater-than-anticipated expenses" as a result of hurricanes and other disasters. Net income for the quarter to Nov. 2 rose to $334.1 million, or $1.26 a share, from $252.5 million, or 93 cents a share, in the same period a year ago. The latest results include a 5 cents-per-share negative impact from disaster-related expenses. The FactSet EPS consensus was $1.27. Sales increased 8.7% to $6.42 billion, above the FactSet consensus of $6.39 billion, as domestic same-store sales growth of 2.7% topped expectations of a 2.0% rise. For fiscal 2018, the company lowered its sales growth outlook to just 9.0% from 9.0% to 9.3% and cut its EPS guidance to $5.85 to $6.05 from $5.95 to $6.15. The stock has rallied 20% year to date through Monday, while the SPDR S&P Retail ETF has gained 4.0% and the S&P 500 has advanced 4.4%.
Ikea will open its first "city center store" in the U.S. when it launches the Ikea Planning Studio in Manhattan in spring 2019. The furniture retailer is planning 30 new city centers over the next three years. The Manhattan location will focus on items for urban living and small spaces, and items can be delivered, "which is what urban residents want and need," the company said in a statement. Ikea has made a number of e-commerce upgrades recently, including click-and-collect, and TaskRabbit assembly. The company also announced a restructuring that will result in 7,500 job cuts, though it will also create 11,500 new jobs in the next two years. The SPDR S&P Retail ETF has gained 2.6% for the year to date while the S&P 500 index has advanced 4.3% for the period.
While the SPDR S&P Retail ETF (NYSEARCA:XRT) has dropped more than 10% over the past four months, Best Buy stock has slid right alongside it, falling more than 20% during that same stretch. To be sure, the drop in Best Buy is warranted. Meanwhile, Best Buy’s growth is doubly cooling thanks to tough laps, and margins are starting to show signs of maxing out, too.
The retail and technology sectors flashed bearish “death cross” chart patterns Friday, joining a host of other sectors and broad-market indexes, to suggest the recent run of volatility could last a while longer.
Shares of Dick's Sporting Goods Inc. took a 7.9% dive in morning trade Thursday, wiping out the previous session's gains following an upbeat earnings report, after J.P. Morgan analyst Christopher Horvers backed away from his year-long bullish stance given a "more uncertain earnings outlook." The stock rallied 2.6% on Wednesday after the sporting goods retailer reported fiscal third-quarter results. But that led Horvers to cut his rating to neutral, after being at overweight since Nov. 15, 2017, and lower his price target to $41 from $46. He said the risk-versus-reward profile for investors is now more balanced, following the anticipated inventory "clean up" and gross margin recovery. "However, looking forward, gross margin-driven upside appears less probable given 3Q's performance, changing comparisons and rising inventory levels...," Horvers wrote in a note to clients. He said he also wonders if the past few weeks represents the best same-store sales trends of the holiday season for most retailers, especially those in the apparel business. The stock has shed 3.5% over the past three months, while the SPDR S&P Retail ETF has lost 10.7% and the Dow Jones Industrial Average has slipped 3.4%.
On the back of banner Cyber Monday sales, retail exchange traded funds could be poised for more upside this holiday shopping season. While Black Friday and Cyber Monday have come and gone, the calendar is still likely to assist retail investments, including the aforementioned ETFs. “The 2018 calendar sets up nicely for retailers, as it gives holiday shoppers ample opportunity to get their gift-buying done with time to spare,” said IHS Markit in a recent note.
Shares of Express Inc. plummeted over 13% in premarket trade Thursday, after the apparel retailer reported fiscal third-quarter results that beat expectations, but provided earnings and sales guidance for current quarter that was well below estimates. Chief Executive David Kornberg said sales so far in November have been below expectations: "The apparel specialty retail environment continues to be highly promotional and our traffic has been challenging." Net income for the quarter to Nov. 3 rose to $7.97 million, or 11 cents a share, from $6.03 million, or 8 cents a share, in the same period a year ago. The FactSet earnings-per-share consensus was 10 cents. Sales grew 2% to $514.96 million, above the FactSet consensus of $505.5 million, as flat same-store sales beat expectations of a 0.2% decline. For the fourth quarter, the company expects EPS of 11 cents to 20 cents--the FactSet EPS consensus is 31 cents--and same-store sales to decline 5% to 7%, compared with expectations of flat. Separately, the company approved a new $150 million share repurchase program. The stock has tumbled 28% over the past three months through Wednesday, while the SPDR S&P Retail ETF has lost 9.9% and the S&P 500 has shed 5.8%.
The first is a robust holiday shopping season sparking an end-of-year rally in retail stocks. Or, you could read on, and look at specifically which retail and tech stocks are due for big December rallies. 30 Second Rundown: Athletic-apparel company Lululemon (NASDAQ:LULU) is firing on all cylinders ahead of what promises to be a record holiday season, and the stock remains in bear market territory, allowing for a big rally with the right catalysts.
Shares of Chico's FAS Inc. plummeted 36% in morning trade Wednesday, enough to pace all decliners on the NYSE and within its retailer peer group, after the women's apparel and accessories retailer reported disappointing results and lowered guidance. The stock was on track for the lowest close since March 2009, and the biggest one-day decline since it went public in March 1993. Volume swelled to 5.7 million shares within the first 25 minutes after the open, compared with the full-day average of about 2.9 million shares. The stock has now plummeted 46% over the past 12 months, while the SPDR S&P Retail ETF has gained 6.8% and the S&P 500 has advanced 2.6%.
Black Friday and Cyber Monday are in the books, but there's still plenty of time left for retail stocks and the related exchange traded funds to gain investors' favor this holiday season. Investors often expect things out of consumer discretionary and retail stocks at this time of year. In 2018, the calendar could be an assist to XRT and rival retail ETFs.