|Bid||58.230 x 1100|
|Ask||58.240 x 1100|
|Day's Range||55.310 - 58.520|
|52 Week Range||37.790 - 58.520|
|PE Ratio (TTM)||21.41|
|Earnings Date||Nov 15, 2018|
|Forward Dividend & Yield||1.48 (2.87%)|
|1y Target Est||53.00|
Let's check out the Yahoo Finance charts of the day. Tesla (TSLA ): Shares are down in early trade, at around 5.5%. According to a report by The New York Times, CEO Elon Musk's going-private proposal could be funded in part by Musk's rocket company SpaceX. Several people familiar with the matter were quoted in the paper as saying that the Space X idea is one of several under consideration and SpaceX would take an ownership stake in the automaker. Toyota (TM): Shares are down here, at around .06%. According to four company insiders with knowledge of the matter, Toyota Motor Corp is likely to make 120,000 more cars a year in the China as part of a medium-term strategy that's gathering pace as China-Japan ties improve Nordstrom (JWN): Shares are up here, around 9.9%. The department store posted second quarter results that topped Wall Street's forecasts led by a 23% jump in digital sales. Nordstrom added that digital revenue now accounts for more than a third of its overall sales. The company raised its earnings outlook for the remainder of the year. For more on today's big stock movers check out the Final Round, live at 3:30 p.m. ET, right here on Yahoo Finance.
Aug.17 -- Bloomberg Opinion columnist Sarah Halzack and Shannon Saccocia, chief investment officer at Boston Private Wealth, examine how retailers are faring during this earnings season. They speak on "Bloomberg Daybreak: Americas." Halzack's opinions are her own.
The Nasdaq fell on Friday as weak forecasts from chipmakers Nvidia and Applied Materials pushed technology stocks lower, while gains in the defensive telecoms and consumer staples companies helped buttress the S&P 500 and the Dow Industrials. Chipmaker Nvidia dropped 4.5 percent, while chip equipment maker Applied Materials slid 5.7 percent after the two companies' current-quarter sales forecasts missed Wall Street estimates.
The Dow ended Thursday, Aug. 16, up 396 points, or 1.58%, to 25,558. fell 4.5% on Friday after the chipmaker beat earnings and sales estimates for its fiscal second quarter but issued weaker-than-expected third-quarter guidance because of declining demand for cryptocurrencies.
recent earnings and stock jump should make shareholders happy with the recent rejection of the Nordstrom family's attempt to take the company private at just $50, but some analysts question how long they'll be smiling. At present, Nordstrom is flying high as the stock is up about 12% this morning to over $58.50 per share, well above the owning family's targeted price. analyst Paul Trussell wrote that Nordstrom's "superior business model drives superior results" in his note raising the price target for his firm to $61 from $56 and issuing a buy rating.
Wall Street analysts revised their price target for Macy’s (M) after the company reported its fiscal second quarter results on August 15. Although Macy’s beat analysts’ expectations, investors weren’t happy with the decline in the company’s fiscal second-quarter sales after two consecutive quarters of sales growth. Macy’s stock declined 15.9% on August 15 but recovered 1.9% on August 16.
Nordstrom’s earnings report for the second quarter of the year includes earnings per share of 95 cents. This is an increase over its earnings per share of 65 cents from the same period of the year prior. It was also a boon to JWN stock by coming in above Wall Street’s earnings per share estimate of 75 cents for the quarter.
One of the surprise sectors of 2018 is retail stocks. For several years, analysts have warned about impending doom for brick-and-mortars. Significantly declining foot traffic not only represented a major headwind, but skeptics pondered how retailers could fight back. Moreover, e-commerce, specifically Amazon (NASDAQ:AMZN) has disrupted the traditional marketplace.
The Nasdaq Composite opened lower on Friday as weak forecasts from Applied Materials and Nvidia weighed on chip stocks, while gains in energy stocks due to rising crude prices helped the S&P and the Dow Industrials cut their losses. Applied Materials sank 9 percent, the most on the S&P, after the world's largest supplier of chip equipment forecast current-quarter results below estimates, adding to fears that a two-year chip boom may be losing steam.
It's good to be a public company when you have results like Nordstrom Inc. The Seattle-based high-end department store chain beat analysts' estimates on earnings per share, revenue and same-store sales when it reported earnings for the quarter ended Aug. 4, after the market close on Thursday, Aug. 16. Nordstrom reported EPS of 95 cents versus the expected 84 cents, revenue came in at $407 billion compared with a $3.96 billion estimate, and same-store sales were up 4% versus the expected 0.8%.
U.S. stock index futures pointed to a lower opening on Friday as weak forecasts from Applied Materials and Nvidia weighed on the shares of chipmakers and Turkey's battered currency slipped further. Shares ...
Nordstrom Inc. shares soar thanks in part to the retailer’s progress in Internet sales, a spot of trouble for brick-and-mortar retailers as Amazon.com Inc. makes more inroads in apparel.
Nordstrom Inc. shares surged as much as 10 percent, to the highest intraday since December 2016, after the company lifted its full-year earnings forecast and its second-quarter results topped estimates. Other department store shares are mixed, with Kohl’s Corp rising as much as 2.5 percent, Macy’s falling 0.2 percent, and JC Penney Co. sinking as much as 9.1 percent. Greenberger is “encouraged” by Nordstrom’s strong quarter, driven by an ‘Anniversary Sale.’ Expects the second quarter will be this year’s best, as sale results haven’t usually corresponded with full-year trends.
Its shares were the biggest percentage gainer among the New York Stock Exchange listed companies. On Thursday, Nordstrom reported its best quarterly same-store sales growth in three years, boosted by strong online sales of 23 percent. "Believe JWN has a best-in-class digital platform and is well ahead of department store peers in terms of leveraging innovative technology," Cowen & Co analyst Oliver Chen wrote in a note.
Nordstrom (JWN) brought some relief for department store investors with its strong sales growth numbers after Macy’s (M) and JCPenney (JCP) disappointed investors with lower sales. Nordstrom beat analysts’ revenue and earnings expectations and also raised the guidance for fiscal 2018. Nordstrom stock soared 9.0% in after-hours trading on August 16.
U.S. stock futures were under pressure this morning after a powerful rally that sent the Dow up nearly 400 points. The Dow and S&P 500 were now on track for their sixth weekly gains in the past seven, though the Nasdaq was lower for the week as of Thursday's close. On the economic front , the University of Michigan's mid-August consumer sentiment index is out at 10 a.m. ET.
Deere reported adjusted fiscal third quarter profit of $2.59 per share , compared to the consensus estimate of $2.78. Revenue did beat forecasts, but Deere said it continues to face cost pressures for raw materials and freight. Tesla TSLA — CEO Elon Musk's going-private proposal could be funded in part by Musk's rocket company SpaceX, according to The New York Times.
during the previous session after China and the U.S. agreed to hold trade talks next week and Walmart Inc. The meeting between China and the U.S. will take place next week as the world's two largest economies ready tariffs on billions of dollars of each other's goods on Aug. 23, on top of those already levied on July 6. posted fiscal third-quarter revenue of $10.31 billion, up 32% from a year earlier and above forecasts of $10.22 billion, but sales growth guidance for fiscal 2018 came in below Wall Street forecasts.
U.S. stock index futures dipped on Friday as dour forecasts from Applied Materials and Nvidia weighed on shares of chipmakers and a recovery in Turkey's lira ran out of steam. Shares of Nvidia dropped ...