51.75 +0.03 (0.06%)
After hours: 7:09PM EDT
|Bid||51.73 x 2200|
|Ask||51.75 x 800|
|Day's Range||51.29 - 52.77|
|52 Week Range||41.49 - 56.64|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||21.28|
|Earnings Date||Aug 19, 2019 - Aug 23, 2019|
|Forward Dividend & Yield||0.92 (1.68%)|
|1y Target Est||57.52|
Yahoo Finance talks to Shawn Cruz, Manager, Trader Strategy at TD Ameritrade about the latest retail earnings including Target, Kohl's, Nordstrom, JCPenney, TJX, and Home Depot. They also discuss how these retailers are being hit by the U.S. China trade tariffs.
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?
It was another choppy session as many traders may be better off focusing on a new hobby or playing some golf until we get some more encouraging follow-through. This Wednesday would have typically been an exception, given that there was an FOMC statement in the afternoon. Even that couldn't get the tape to move. Despite the overall choppiness in the market, there were plenty of individual movers though. Let's look at a few top stock trades to watch on Thursday. Top Stock Trades for Tomorrow 1: Target Click to EnlargeAs you'll see in a moment, Target (NYSE:TGT) was one of the few positive standouts when it comes to retail earnings. Shares jumped more than 9% on the day and held most of their post-earnings gains as investors have to be cheering the price action.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo what now? * 7 Stocks to Buy for Over 20% Upside Potential I need to see TGT stock stay above $76.31. If it breaks below, that means it will have lost both the 50-day and 200-day moving averages, as well as its 61.8% retracement for the one-year range. It will have also fallen back below prior downtrend resistance.If TGT can continue higher, look to see if it can fill the gap up to $81-ish. Shares are not yet overbought and the MACD has swung in bulls' favor. Top Stock Trades for Tomorrow 2: Urban Outfitters Click to EnlargeUrban Outfitter (NASDAQ:URBN) is in one nasty downtrend and Wednesday's 9% post-earnings fall isn't helping matters. In April it broke out over resistance, as well as the 10-week and 200-week moving averages. That was only temporary though, as shares are now cascading lower.This isn't one for me. There are other names in retail -- TGT and TJX Companies (NYSE:TJX) are two examples -- that are doing well. I'd rather bet with the wind than against it, and URBN sure has a lot of wind in its face.URBN is a no-touch for me on the long side until it can breakout of this channel and put in a bottom. Top Stock Trades for Tomorrow 3: Advance Auto Parts Click to EnlargeAdvance Auto Parts (NYSE:AAP) is rising on Wednesday after reporting earnings. Its reaction isn't unlike its peer AutoZone (NYSE:AZO), which we covered the other day.Shares did a great job breaking out of that steep downward channel, now up seven sessions in a row. On Wednesday though, resistance was just too much.$170 is a significant level, while the 38.2% retracement is at $169.06. AAP is even having trouble getting above its 50-day moving average. That's okay though, as shares are holding the 200-day moving average, at least for now.I would love to see a mover $170 now, which could ignite a move back up to the $180+ area on the chart. Below today's low and AAP could fill the gap back down to $162. Top Stock Trades for Tomorrow 4: Canopy Growth Click to EnlargeIs Canopy Growth (NYSE:CGC) set to break out? Maybe. CGC stock has been in a tight falling wedge pattern all month, but poked through resistance on Tuesday. On Wednesday, it jumped higher, clearing its 50-day moving average.In this choppy market, I wouldn't be surprised to see the stock pullback now, but if prior resistance acts as support -- say near $44 -- then this may be a buy for another push higher. (Time to load up?)Of course, over Wednesday's high gets us to $48, which was prior resistance earlier this year. Above that, and CGC can test this year's high over $52. A break back below resistance likely gets CGC down to the 200-day. Top Stock Trades for Tomorrow 5: Toll Brothers Click to EnlargeToll Brothers (NYSE:TOL) is down about 4% after the company reported earnings. This one could be in trouble if sellers start to take control.TOL has gone from one channel to the next, and while shares are currently in an uptrend, support is being tested. If it gives way -- as the 10-week moving average has now -- TOL could be heading lower. The first notable level below channel support is $35, which is the confluence of the 50-week and 200-week moving averages. It's where we'll also find the 200-day moving average. You may also notice that the MACD is starting to roll over (blue circle). * 7 Safe Stocks to Buy for Anxious Investors That said, all hope is not lost. For shares to maintain their upward trajectory, Toll Brothers need to see support hold. If it does, a retest of $40 resistance is on the table.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Kenwell held no positions in any aforementioned securities. 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 5 Top Stock Trades for Thursday: TGT, URBN, CGC appeared first on InvestorPlace.
The market may have popped on Tuesday, but it wasn't a terribly impressive move. The S&P 500's 0.85% gain still left it below some key technical lines, and the volume behind the gain was tepid.Source: Allan Ajifo via Wikimedia (Modified)Array Biopharma (NASDAQ:ARRY) was the big winner, gaining 23% following news that its colon cancer regimen met its endgoals in a late-stage trial. Among the more familiar, large and market-moving names though, the 2.5% gain Advanced Micro Devices (NASDAQ:AMD) logged was less thrilling though more noteworthy. The partial alleviation of trade tensions, particularly surrounding tech, released the hold that had stymied most of these names on Monday.At the other end of the spectrum, retailer Kohl's (NYSE:KSS) was crushed, losing more than 12% of its value on the heels of lousy Q1 print that forced the company to dial back its full-year profit forecast … weakness that wasn't necessarily mirrored by other retailers.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Small-Cap Stocks That Look Like Bargains None of those names are compelling trade prospects as we head into the midpoint of the week, however. Rather, it's the stock charts of TJX Companies (NYSE:TJX), Lamb Weston Holdings (NYSE:LW) and Oracle Corporation (NYSE:ORCL) that are worth the closest look. Here's that look. Oracle Corporation (ORCL)Oracle shares have dished out an impressive runup since late last year, and for the most part have sidestepped the recent market turbulence.Take a closer look at both stock charts, though, and it's clear that momentum is slowing. Indeed, it has stopped and it is teetering on a reversal back into a downtrend. One or two more rough days could put shares into a more pronounced selloff. Click to Enlarge * The most important line to watch now is the one that tags all the key lows going back early February. It's plotted in yellow on the daily chart. It's at $53.59 right now. * Although that floor is still intact, ORCL has already pulled below the purple 50-day moving average line a couple of different times. * Zooming out to the weekly chart of Oracle, all the key bearish clues are lining up. The RSI line only had to kiss the 70 level last month before starting to unwind, and we could see a bearish MACD cross before the end of the week. That latter event could spur some programmed selling. TJX Companies (TJX)In the middle of yesterday's trading session, TJX Companies shares looked like they were in real trouble. Already trending lower from a late-April peak, fresh pressure was being put on the white 200-day moving average line. Despite the earnings beat and raised outlook, traders saw matters through a bearish lens … right up until they didn't.By the end of the day, TJX shares were back in the black, having pushed up and off of the critical 200-day line. The big intraday swing backed by a clear volume surge suggesting a major turning of the tide. There's just one more hurdle for the bulls to clear, though it's a huge one. * 7 Safe Stocks to Buy for Anxious Investors Click to Enlarge * The big hurdle in question is actually the combination of the blue 20-day moving average line at $53.88 as well as the purple 50-day moving average line at $53.57. * The scope of the swing itself is telling, indicating a sweeping change of heart, prompted by news. Such reversals tend to go somewhere. * Almost just as likely, though, is a breakdown. Should the bears decide to retest the 200-day line at $51.49 (and the gray 100-day moving average line right below it at $51.18) and it fails to hold as a floor, the bearish momentum in place since late April could pile-drive the stock following a failed reversal. Lamb Weston Holdings (LW)Finally, when we last looked at Lamb Weston Holdings a month ago, we cautioned that while it had not yet broken below a major support line, the undertow was alarmingly bearish. The selling volume was picking up the pace as well.It turned out to be a worthy worry, though only for a few days. While LW stock edged its way back higher, it met a familiar technical ceiling to end up breaking under any of what could have been technical floors. A new one has been made in the meantime, but it's not great, and also starting to crumble. Click to Enlarge * The newest technical floor is right around $65.17, plotted in blue on the daily chart. That's more or less where Lamb Weston has found support since the beginning of the month. * Although there's a floor in play now, both of the more meaningful support lines plotted in red and yellow on both stock charts have been snapped. * It's easy to overlook, but the purple 50-day moving average line is now below the white 200-day moving average … a so-called "death cross" that suggests more selling is ahead. * It's only readily evident on the weekly chart, but with the break under the yellow "neckline," Lamb Weston appears to have just completed a bearish head-and-shoulders setup.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. 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 3 Big Stock Charts for Wednesday: Oracle, Lamb Weston Holdings and TJX Companies appeared first on InvestorPlace.
TJX beat earnings views and raised its outlook as Ross Stores earnings await. TJX stock wobbled but rose closer to a buy point.
U.S. stocks bounced back on Tuesday, with an increasing number of traders talking about choppy market conditions. Without a change in trade-war rhetoric -- either good or bad -- it's hard for the market to gain much momentum in either direction. Let's look at a few top stock trades for Wednesday. Top Stock Trades for Tomorrow 1: TJX Companies Click to EnlargeTJX Companies (NASDAQ:TJX) beat on earnings expectations and raised its outlook. Shares are about flat on the day despite its report, although it's now well off the lows. It doesn't help that the retail sector is mixed following Tuesday's earnings releases.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Data Center REITs to Buy That Deliver Sizable Income For TJX, it's a best-in-breed name that's clinging to its 50-day and 20-day moving average. It's also holding that gap-up level near $52. So long as that remains the case, bulls can stay long TJX.Below and it gets more iffy. If that's the case, see how it handles Tuesday's low and the 200-day moving average. If it fails as support, sub-$50 could be the way. Should TJX can maintain current levels, see if it can rally to resistance near $55 to $56.Momentum and the RSI (blue circles) are starting to move in bulls' favor. Top Stock Trades for Tomorrow 2: Tesla Click to EnlargeWe took a longer-term look at this one last week, but the continued selling pressure in Tesla (NASDAQ:TSLA) is forcing us to take another look. This time, it's after Morgan Stanley analysts give their new opinion on the stock, which includes a "bear case" price target of $10. (Psst…was Apple (NASDAQ:AAPL) thinking about buying Tesla a few years ago? Reportedly, yes!)The stock broke below its downward channel last week, as Tesla dove below $200. However, it's putting together a nice two-day range. I like two-day ranges because it gives both buyers and sellers a level to measure against.Over the two-day high -- currently $207.40 -- and investors can look for TSLA to move higher. Upside targets include the gap fill just over $210, Friday's high at $222.25 and the next gap fill up near $227.50. The middle of those three targets would be a test of prior channel support.Below the two-day low of $195.25 and we can get a break lower if TSLA stock does not reclaim this mark in the session. Top Stock Trades for Tomorrow 3: AutoZone Click to EnlargeAutoZone (NYSE:AZO) beat on earnings and revenue expectations, as shares jumped almost 6% in the session.The $980 level held as support while AZO is now smashing through the 20-day and 50-day moving averages. The RSI and MACD (blue circles) shows there is plenty of room for bulls to run if they can maintain momentum.If AZO can push through $1,040, $1,075 could be the next target. I want to see shares hold $1,000 now. Top Stock Trades for Tomorrow 4: J.C. Penney Click to EnlargeJ.C. Penney (NYSE:JCP) is down about 8% after reporting earnings and flirting with a decline below $1.Shares are also on the cusp of falling below downtrend support. If it does, look for a retest of the December lows. If channel support holds, a rebound up to $1.20 is possible. I am not a big supporter of trading JCP stock, as it's often too volatile and there are almost always better candidates in the market. Top Stock Trades for Tomorrow 5: Nordstrom Click to EnlargeNordstrom (NYSE:JWN) will report earnings on Tuesday after the close, while investors continue to digest retail earnings.$36 has been a decent level of support and JWN has come down big ahead of the print. Its legacy business may struggle, but perhaps Rack can save the overall results. Still, retail isn't getting much love and it's hard to be super bullish into the print. * 7 Stocks to Buy for Over 20% Upside Potential Below $36 could call upon the $32 to $34 range, while a rally could send JWN up to the $40 to $41 level. That's prior channel support and the 20-day moving average. See if this area is reclaimed or if it acts as resistance.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL. Compare Brokers The post 5 Top Stock Trades for Wednesday: JCP, TSLA, TJX appeared first on InvestorPlace.
TJX Companies' (TJX) earnings and revenues gain on continued improvement in customer traffic in Q1. Encouragingly, management raised its fiscal 2020 bottom-line view.
The broader department store industry has been getting hammered over the past 52-weeks, with the industry as a whole being down around 19%. While the department store industry is declining, discount retailers like TJX have been flourishing. With the overall discount industry up 17% and TJX up even more.
TJX Companies posted stronger-than-expected first quarter earnings Tuesday, while boosting its full-year profit guidance, following surprisingly solid same-store sales.
Jim Cramer is out, but Jeff Marks, senior portfolio analyst for Cramer's Action Alerts PLUS investing club, is back with the latest market news and analysis. , among other athletic apparel and shoe companies, sent President Donald Trump, and, of course, he's taking a look at some of the biggest retail earnings.
TJX (TJX) delivered earnings and revenue surprises of 3.64% and 0.90%, respectively, for the quarter ended April 2019. Do the numbers hold clues to what lies ahead for the stock?
Investing.com - Retailer TJX Companies traded higher on Tuesday after reporting better-than-expected fiscal first-quarter results and modestly raising its full-year guidance amid growth in customer traffic.
TJX Cos Inc raised its full-year profit forecast and beat quarterly same-store sales estimates on Tuesday, as the off-price retailer's steep discounts attracted more shoppers. TJX, which sells coveted ...
TJX Companies Inc (NYSE: TJX ) reported quarterly earnings of 57 cents per share, which beat the analyst consensus estimate of 55 cents. The company reported quarterly sales of $9.278 billion, which beat ...
Shares of off-price retailer TJX Cos. rose as much as 2% in Tuesday premarket trading after it reported first-quarter earnings that beat expectations and raised its outlook. Net income of $700.2 million, or 57 cents per share, was down from $716.4 million, or 56 cents per share, last year, but beat the 55-cent FactSet EPS consensus. Revenue totaled $9.28 billion, up from $8.69 billion last year and ahead of the $9.22 billion FactSet guidance. Same-store sales rose 5%, led by TJX International (up 8%) and Marmaxx (up 6%). The FactSet expectation was for 3.6% growth. "With our above-plan first quarter results, we are raising our full-year earnings per share outlook," said Chief Executive Ernie Herrman in a statement. For the second quarter, TJX expects EPS of 61 cents to 62 cents and same-store sales growth of 2% to 3%. FactSet expects EPS of 62 cents and same-store sales growth of 2.7%. For the year, TJX now expects EPS in the range of $2.56 to $2.61, up 5% to 7% from last year. Prior guidance was for an increase in the range of 4% to 7%. TJX stock has rallied 18.4% for the year to date while the S&P 500 index has gained 13.3% for the period.
On a per-share basis, the Framingham, Massachusetts-based company said it had net income of 57 cents. The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks ...
TJX Cos Inc reported a better-than-expected quarterly same-store sales on Tuesday, as the off-price retailer's steep discounts brought more shoppers to its Marshalls and HomeGoods stores. Comparable-store ...
FRAMINGHAM, Mass.-- -- Consolidated comp store sales increased 5%, over last year’s 3% increase Customer traffic was the primary driver of the consolidated comp sales increase and was up at all four major divisions Net sales increased 7% to $9.3 billion Diluted EPS of $.57 Increased Fiscal 2020 EPS guidance Returned $589 million to shareholders in the first quarter through share repurchases and dividends ...