|Bid||53.01 x 1800|
|Ask||53.20 x 1800|
|Day's Range||52.01 - 53.05|
|52 Week Range||52.01 - 83.28|
|Beta (3Y Monthly)||0.65|
|PE Ratio (TTM)||10.86|
|Earnings Date||Aug 19, 2019 - Aug 23, 2019|
|Forward Dividend & Yield||2.68 (3.77%)|
|1y Target Est||76.13|
Everybody knows that Apple has plenty of exposure to China. This morning Goldman put out a piece saying that the max earnings sensitivity is 29%, meaning that Apple's annual total earnings per share exposure is about 29% or $3.35 a share.
Let's see if investors should buy Costco (COST) stock ahead of its quarterly earnings release on Thursday, May 30 after Walmart and Target impressed?
Kohl’s Corp. plans this year to increase the number of stores where it is implementing expanded active departments. Kohl’s (NYSE: KSS) reported its first-quarter earnings Tuesday, citing a 3.4% decrease in sales at established stores. Despite results that disappointed investors, chief executive officer Michelle Gass said active continued to be a key growth driver for Kohl’s. As a result, Kohl’s intends to allocate more space for its active products.
Kohl’s Corporation (NYSE: KSS) shares plummeted Tuesday after reporting a first-quarter earnings miss. “We see good value at current levels—with reset estimates supporting more attractive risk/reward—but we expect valuation to remain under pressure until Kohl’s demonstrates comp re-acceleration,” Baird analyst Mark Altschwager wrote in a note. Altschwager said Kohl’s has differentiated itself in an evolving retail landscape with its innovative thinking and robust omni-channel platform, but following a successful 2018 the path to growth looks steeper.
During Tuesday night's Mad Money program Jim Cramer suggested that investors need to steer clear of the industrials, which are levered to growth in China, and many of the retailers such as Kohl's Corp. In the daily bar chart of Action Alerts PLUS holding KSS, below, we can see a downward bias to the chart. The On-Balance-Volume (OBV) line shows a decline from early September and tells us that sellers have been more aggressive even when KSS has rallied.
Stein Mart’s stock got a 45 percent bump Tuesday from the news that the department store chain will install Amazon lockers at nearly 200 of its locations in 28 states in an effort to attract more foot traffic. The news came just before the company released fiscal first-quarter 2019 results today showing net sales were down more than $12 million from the same period a year ago. Amazon (NASDAQ: AMZN) shoppers can choose to have their packages delivered to the lockers, which are currently available at Whole Foods markets, convenience stores and other locations in more 70 major metropolitan areas across the country then go pick them up.
U.S. stock futures are trading lower premarket. But, honestly, what's new? Down gaps are becoming a daily occurrence, only occasionally interrupted by an up gap. The headline for today is "the summer chop continues."Against this backdrop, futures on the Dow Jones Industrial Average are down 0.31%, and S&P 500 futures are lower by 0.38%. Nasdaq-100 futures have shed 0.60%.In the options pits, overall volume levels fell off a cliff yesterday. Calls proved more popular than puts adding to 14.6 million contracts versus 11.8 million traded for puts.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe ebb in put demand sent the CBOE single-session equity put/call volume skidding to 0.57 -- a two-week low. The 10-day moving average finally rolled over, falling to 0.71.Options trading for individual stocks was a veritable snooze fest. Many of the companies that landed on the top ten list didn't even exceed their average daily volumes. Today we'll breakdown Kohl's (NYSE:KSS), Bank of America (NYSE:BAC) and Micron Technology (NASDAQ:MU).Let's take a closer look: Kohl's (KSS)Kohl's reported earnings on Tuesday and investors were not pleased by the results. The selling frenzy took KSS stock down 12.3% amid colossal trading volumes. By day's end, 26 million shares had changed hands, marking the highest volume session since January 2017. * 10 Small-Cap Stocks That Look Like Bargains With the downdraft, shares of the retailer now sit at an eighteen-month low, submerged well beneath all major moving averages. The gap places KSS in no man's land from a price chart perspective, and that makes it challenging to build out a trade. Perhaps the best play is to wait for some type of relief rally, then deploy bear trades when it fails.For a more in-depth view on the earnings numbers, go here.On the options trading front, traders gobbled up put options. Activity ballooned to 522% of the average daily volume, with 76,111 total contracts traded; 62% of the trading came from put options alone.Ahead of the number, options were anticipating a gap of $4.25 or 6.7%, so the 12.3% doubled expectations. Volatility buyers via straddles or strangles won the day. Implied volatility fell throughout the day, landing at 36% or the 29th percentile of its one-year range. Bank of America (BAC)The price chart of BAC stock provides little excitement. Even when it's trending, it lacks the sexiness of a tech stock. Unfortunately, it doesn't even have that going for it. Outside of the quick jump that kicked-off the new year, BAC has been stuck in a choppy trading range between $28 and $30. At present, it's basing at the lower end of the range.If you're inclined to trade it, I suggest cash flow plays like covered calls and naked puts. Directional trades are too hard right now.On the options trading front, traders favored calls over puts. Total activity came in slightly below normal at 98% of the average daily volume, with 234,336 contracts traded. Calls claimed 34% of the sum.Implied volatility slipped to 24% placing it at the 25th percentile of its one-year range. Premiums are quickly becoming cheap here. The expected daily move is 44 cents or 1.5%. Micron (MU)The recent trade war flare-up has proved particularly painful for semiconductors. Since topping out last month, MU stock has fallen 20% -- entering a Wall Street defined bear market in the process. Yesterday's market rally lifted the ailing chip company from the depths, for a day at least. * 7 Safe Stocks to Buy for Anxious Investors Unfortunately, there's still plenty of overhead resistance and one up day does little to change the overall downtrend. More evidence is needed before the trend has turned higher.As far as options trading goes, puts were the hot ticket of the day. The total activity ended at 93% of the average daily volume, with 117,729 contracts traded. Puts accounted for 65% of the tally.Implied volatility dropped to 49% landing it at the 39th percentile of its one-year range. It's still high enough to make short premium strategies compelling. The expected daily move is now $1.11 or 3.1%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post Wednesday's Vital Data: Kohl's, Bank of America and Micron Technology appeared first on InvestorPlace.
Kohl’s said weather and promotions were among the reasons for the earnings shortfall, but the second half looks brighter thanks to the nationwide rollout of the Amazon Returns program.
Same-store sales, a key gauge of retail success, missed projections at both J.C. Penney and Kohl’s, signaling the chains still have their work cut out for them as shoppers’ preferences evolve. Nordstrom, which has stopped reporting comparable sales, recorded a drop in revenue. Both Nordstrom and Kohl’s slashed their full-year outlooks.
Kohl’s stock closed down sharply after the department store’s fiscal first-quarter earnings and its full-year outlook both missed expectations.
The department store operator's first quarter results and its profit forecast for the year fell short of forecasts. The drug developer is suing the U.S. government over a Medicaid drug rebate decision for its Acthar Gel. Crane Co. is offering to buy the industrial pumps and valves maker for about $895 million in cash.
Shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future corporate results in the sector. U.S. President Donald Trump added Huawei to a trade blacklist last week, leading several companies to suspend business with the world's largest telecom equipment maker, a move that could weigh on their sales. Chipmakers, many of which sell to Huawei, bore the brunt of Monday's sell-off.
Kohl's (NYSE:KSS) posted its quarterly earnings figures early Tuesday, bringing in underwhelming results that included an earnings miss, as well as a lowered full-year guidance, causing KSS stock to plummet.The Menomonee Falls, Wi.-based department retail store chain announced first-quarter adjusted earnings of 61 cents per share, which was below the 68 cents per share that Wall Street called for. The company's revenue did come in ahead of what Wall Street projected at $4.09 billion, but still fell 2.9% year-over-year.Kohl's added that its same-store sales were down 3.4% when compared to its first three months of 2018, which was wider than the projected decline of 0.2%. "The year has started off slower than we'd like," said CEO Michelle Gass. "We are actively addressing the opportunities that impacted our first quarter sales, and we have strong initiatives that will enhance our sales performance in the second half."InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe business also lowered its guidance for its fiscal 2019, as it now forecasts adjusted earnings at around $5.15 to $5.45 per diluted share, below its previous outlook that was in the range of $5.80 to $6.15 per diluted share.Gass added that Kohl's is "incredibly excited" about the company's plans to roll out its Amazon returns program nationwide, as well as several upcoming brand launches and program expansions. The company announced yesterday that it had signed a long-term deal with Fanatics to sell a selection of fan gear and other merchandise on its website starting its fall.KSS stock is down roughly 11.3% on Tuesday. More From InvestorPlace * 7 Stocks to Buy that Lost 10% Last Week * 7 Stocks to Buy for Over 20% Upside Potential * 7 High-Yield REITs to Buy (Even When the Market Tanks) Compare Brokers The post Kohl's Earnings: KSS Stock Plunges on Guidance Cut, Big Q1 Miss appeared first on InvestorPlace.
Shares of technology companies helped push Wall Street forward on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future corporate results in the sector. U.S. President Donald Trump added Huawei to a trade blacklist last week, leading several companies to suspend business with the world's largest telecom equipment maker, a move that could weigh on their sales. Chipmakers, many of which sell to Huawei, bore the brunt of Monday's sell-off.
Nordstrom reports Q1 earnings late Tuesday, after Kohl's reported earnings and guidance well below Wall Street views, while J.C. Penney lost more than expected.
Simeon Siegel, managing director at Nomura Instinet, Liz Dunn, founder and CEO of Pro4ma, and Steve Grasso of Stuart Frankel join CNBC's "Closing Bell" team to break down how retail stocks are trading amid escalating trade tensions with China.