|Bid||114.95 x 1100|
|Ask||115.03 x 3200|
|Day's Range||114.64 - 116.30|
|52 Week Range||93.11 - 125.38|
|Beta (5Y Monthly)||0.37|
|PE Ratio (TTM)||22.99|
|Earnings Date||Feb 17, 2020|
|Forward Dividend & Yield||2.12 (1.84%)|
|Ex-Dividend Date||Dec 03, 2019|
|1y Target Est||130.48|
Sprouts Farmers (SFM) is witnessing higher expenses that are affecting the bottom line. However, initiatives like Fresh Item Management Technology and cost containment might aid performance.
BT , Danone, Microsoft and Sony are among 178 companies with top marks in the latest global ranking of transparency and action on climate change. Japan and the U.S. were the countries with the headquarters of the most 'A List' companies individually, while regionally, Europe as a bloc was home to the highest number. Companies are coming under pressure from customers and investors to step up efforts to help slow climate change in accordance with the 2015 Paris climate agreement to phase out greenhouse gas emissions by shifting away from fossil fuels.
Hexavest of Montreal, an affiliate of Eaton Vance, more than doubled its investment in the embattled aerospace giant Boeing. Hexavest also bought Home Depot, Intel, and Walmart stock in the fourth quarter.
The mattress industry, long known for its commodity products and ruthless competition, isn’t typically fodder for a Tech Trader column. Witness the rise of Casper Sleep, a mattress start-up valued at just over $1 billion in the private market.
Target (ticker: TGT) offered investors an update about holiday sales on Wednesday that underwhelmed Wall Street and sent the stock lower. Same-store sales rose just 1.4% in the fourth quarter, behind its own projections for 3% to 4% growth and analysts’ expectations for 3.7% growth. At these levels, the stock trades at 17 times earnings expectations for the next four quarters, below the S&P 500, which trades at 18.6 times.
Grocery chain Albertsons is reportedly planning to go public — and this will be more than just a test of the IPO market’s health. Albertsons possible IPO will also be a test of claims that privately held companies perform better than publicly traded ones. Initial indications are that Albertsons will fail this test.
Many bullish investors might be saying to themselves, "so far, so good" for the month of January. Still, to ensure this isn't as good as it gets for your portfolio, let's dive into three large caps worth betting against in 2020.It has been a great start to the year. And it goes without saying most of us hope the party will motor on. The broad-based, large cap S&P 500 index is up about 3% in January and continues to hit record highs with more than two trading weeks left in the month. Who wouldn't want that type of performance after 2019's amazing 29% gain and one layered on top of this past decade's record breaking bull market?Only a bear I suppose.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIncreasingly though, it looks like Goldilocks is at the doorstep. Aside from the amazing price feats in large caps -- the latest being Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) admittance into the $1 trillion club -- there are problems. There's a complacent market resting on historically rich multiples to be worried about. Investors might also be concerned about an overly accommodating Federal Reserve or a seemingly endless string of strong economic data. And that's not all. * 7 Earnings Reports to Watch Next Week Now and with this week's euphoric pricing of negotiated trade deals, investors have every right to be even more fearful. And one way to make sure today's market isn't as good as it gets for you is to have these three large cap stocks positioned as bearish allies in your portfolio. Large Caps to Short: Tesla (TSLA) Source: Charts by TradingViewMany bears have been on the wrong side of the street in Tesla (NASDAQ:TSLA). In fact, TSLA stock is officially the U.S. market's most heavily shorted equity with $14.5 billion in bets against shares. Right now, however, there is more to betting against TSLA stock without miserly joining the ranks of punished bears.Technically and as the weekly chart details, Tesla is in a strongly overbought position evidenced by its stochastics and price in relation to its upper Bollinger Band. Throw in a slightly extended 100% Fibonacci-based two-step pattern (AB = CD) completing in a large shooting star candlestick and TSLA looks ready for a bearish test drive.TSLA Stock Bear Strategy: I wouldn't recommend shorting Tesla. I'd advise gaining short delta exposure using a limited and reduced risk bear put spread. One on my radar is a well-positioned March $480 / $465 put spread. Apple (AAPL) Source: Charts by TradingViewAfter 2019's dazzling 89% gain in Apple (NASDAQ:AAPL), the AAPL stock chart indicates that it's well-positioned for a short.Technically, January's follow-through momentum has pushed Apple shares into a test of four well-extended layers of Fibonacci-based resistance. The tight completion area is comprised of three two-step patterns dating as far back as the 2009 financial crisis bottom and a 100% extension out of AAPL stock's 2018 - 2019 corrective base.AAPL Stock Bear Strategy: For this large cap stock I'd suggest waiting for a reversal candlestick to form on the weekly time frame before shorting shares. A stop-loss above the pattern high makes sense to minimize losses if shares buck the odds and continue to display over-the-top investor confidence. * The 10 Best Value Stocks to Own in 2020 On the downside, $250 - $265 is where taking initial profits looks promising. This area holds AAPL stock's 38% retracement level from last year's corrective low and prior trend-line resistance, which should act as support. Walmart (WMT) Source: Charts by TradingViewWalmart (NYSE:WMT) is the last of our large caps to short. The world's largest bricks and mortar retailer has shown itself to be an adaptive and resilient company in today's e-commerce market. But WMT stock's ability to rise to the occasion against the likes of Amazon (NASDAQ:AMZN) appears to be priced in at this point in time.Technically, shares of Walmart have moved into layers of Fibonacci-based resistance. The price action isn't unlike that of TSLA stock or AAPL stock. And similar to the former, WMT stock even sports a monthly chart shooting star. But in this large-cap stock, the bearish November price pattern has been confirmed out-the-gate in 2020.WMT Stock Bear Strategy: With the topping pattern backed by an overbought and ill-positioned stochastics crossover, there's no time like the present to short WMT stock. Set a stop-loss above $125 to minimize potential damage off and on the WMT price chart. If shares begin to correct, taking initial profits near the pleasing to the eye $100 level and four-year uptrend support looks about right.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any of the securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post 3 Large Caps to Short appeared first on InvestorPlace.
Don't be afraid of stocks considered "too high" in price. Learn how to invest successfully by instead focusing on fundamentals and chart action.
A Christmas sales miss by Target (NYSE:TGT) put coal in many corporate stockings.Source: Robert Gregory Griffeth / Shutterstock.com The company said comparable-store sales grew just 1.4% during the Christmas season, with toy sales flat and electronics down 6%. The retailer maintained its earnings guidance.Shares fell anyway, by nearly $9 or 7%. Target stock opened Jan. 17 below $117, with a market capitalization of about $59 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTarget wasn't the only stock traders tossed aside. Toy makers in particular were hammered, although both Hasbro (NASDAQ:HAS) and Mattel (NASDAQ:MAT) later recovered. Morgan Stanley even warned about mighty Walmart (NYSE:WMT), although not for the reason I had.Should Target shareholders panic and run for the exits? Or is this a buying opportunity? What's Going On?Shareholders have been taking profits on Target since early December, but little has changed.The company's strategy of building high-quality store brands continues to work, with rivals like Kohl's (NYSE:KSS) being downgraded. * 7 Small-Cap Stocks That Are Not Worth a Second Glance The strategy is based on the realization that just putting stuff on sale no longer works. But Target can't make iPhones or PCs. Electronics was the department that took the hardest hit, and it was the most popular category with children.Unable to throw Apple (NASDAQ:AAPL) under the bus because of the Target miss, analysts decided to toss the toy makers. They had been expecting better results after the Toys "R" Us bankruptcy, they didn't pay attention when toy makers themselves trimmed their lines and they ignored an Amazon (NASDAQ:AMZN) announcement that its toy sales were strong. What's the Problem?Many analysts gave Target a mark of "A" for its performance during the holiday season, noting that online sales were up 19%.But there is a problem. Target has become known as a soft goods retailer. People go to Target for clothes.This means there are Target brands that may not be performing, like Opalhouse, Project 62 and Room Essentials. The company's release on Christmas said its home goods, as well as toy sales, were flat. Target now has 41 such brands, in clothes, food, pet supplies and personal care. It also has 10 "exclusive brands" for which it's the only outlet, including two wine brands.There are two ways to look at this. The glass half-full crowd will say that Target has gotten women, especially high-income women, into the store. The glass half-empty crowd will complain that it's not getting enough of their money.For most consumers there are different kinds of shopping. There's clothes shopping, which is seasonal, personal and occasional. Target is doing great there. Then there's weekly shopping, the daily grind of groceries and related products, of filling out a list. This is where Target remains weak. Not all Target stores have grocery departments, and those that do have limited choices. Target's not a food store, in the way Kroger (NYSE:KR), Walmart or even Costco (NASDAQ:COST) are food stores. The Bottom Line on Target StockTarget CEO Brian Cornell is in the position of a football coach who has had a great season and now sees top assistants being poached by losing teams. An example is former chief merchandising officer Mark Tritton, hired away by Bed, Bath & Beyond (NASDAQ:BBBY).Cornell is building a new team and must develop new ideas to keep Target growing. It's not about rebuilding but reloading. Investors want to see whether Target can defend its new success against its own people, and how it will expand the beachhead it has established.With a dividend yield now over 2.2%, and a price-to-earnings ratio of 18.7, Target stock is fully priced, but its weakness makes it a good speculation for income investors seeking long-term defensive plays.Dana Blankenhorn is a financial and technology journalist. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AAPL, AMZN and BBBY. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post Christmas Left Too Many Toys Behind in Target's Aisles appeared first on InvestorPlace.
(Bloomberg Opinion) -- Sitcoms are an underrated way of portraying the economic challenges faced by average people. “Atlanta” shows the travails of working-class black Americans navigating a world of hassle, insecurity and poverty. The Canadian program “Kim’s Convenience” depicts immigrant small-business owners and their second-generation children off to a rocky start on their rise into the middle class. Broad economic trends form the backdrop to both of shows -- the loss of dependable manufacturing jobs, the geographic concentration of economic opportunity, immigration, prejudice and social mobility. But perhaps no show captures the reality of the modern American workplace as well as NBC’s “Superstore.”The premise of “Superstore” is charmingly simple -- the misadventures of the employees of a big-box discount store called Cloud 9 (a fictional analog of Walmart). They represent a diverse cross-section of the American populace: young, old, black, white, Asian, Hispanic. One is disabled, one is an unauthorized immigrant, one is homeless, another is a teenage mom. They’re not the burly hard-hat-wearing men that one might associate with the term “working class.” But perhaps that stereotype ought to change because retail workers have outnumbered manufacturing workers in the U.S. since 2003:The Cloud 9 workers are both benefiting from and suffering from the big change that U.S. retail has undergone in recent decades as local, family-owned stores were replaced by national chains. Between 1948 and 1997, the share of single-establishment retail companies fell from about 70% to less than 40%.That shift has raised efficiency, but often at the expense of workers. Bargaining between employees and managers that might have been done face-to-face at a mom-and-pop is done at arm’s length behind a protective veil of corporate policy. When a manager in “Superstore” dares to violate corporate policy and gives a new mother paid time off, he is promptly fired by his supervisors. This sort of faceless, pitiless way of dealing with employees reduces their power, allowing companies to squeeze them in a thousand small ways. It also probably makes the average store a colder and more forbidding work environment.Another way retail companies squeeze their employees is with irregular scheduling. The workers in “Superstore,” like many real workers, have little assurance that they will be given enough hours to earn enough to live on. But when they do get lots of hours, they often find themselves working unpaid overtime. This is technically illegal, but employers have many ways of getting around the rules.The obvious way to fight back against corporate exploitation would be to form a union. A number of “Superstore” plots revolve around efforts to do exactly this. But it’s an uphill struggle for several reasons. First, retail jobs don’t require years of training to master, and striking workers can be replaced relatively easily. Second, a unionized store will be at a competitive disadvantage versus nonunion competitors, which could lead to job losses or even a shutdown. And third, big chain companies are very skilled at dissuading workers from voting to unionize.These problems could be solved by government policy. If the U.S. government mandated that all the retail workers in a given region be represented by a single union -- a policy known as sectoral bargaining -- it would mean one less reason for employers to fear unions because all stores would be competing on a level playing field. Extending union agreements to nonunionized workers would be a way to rapidly restore labor’s power without the cumbersome process of voting in unions everywhere. These fixes would require an extensive rewrite of U.S. labor law, but it might be a way to make retail work as good as the manufacturing jobs of the past.Regulation can also help. Restricting irregular scheduling doesn’t just improve workers’ quality of life, it boosts productivity. Tightening up the rules regarding unpaid overtime and ensuring adequate parental leave should also be a priority.Even sectoral bargaining and regulation, of course, won’t protect retail workers from the onslaught of technology. Walmart’s most formidable competition comes from Amazon.com Inc., which has much lower overhead in terms of land and personnel. If unions force physical stores to raise wages so much that consumer prices start going up, customers could have even more incentive to shop at the online giant, putting stores out of business. Plenty of chain stores have closed in recent years amid what some refer to as the retail apocalypse and retail employment is declining as a share of the population, much as manufacturing did:Presumably, sectoral unions would be smart enough to hold down wages to fend off the threat, but this means less money in workers’ pockets.So in addition to retail workers’ trials and tribulations, “Superstore” shows a way of life in decline. No matter what happens with labor laws, stores will keep closing if online retail becomes cheaper than it already is. In that case, the U.S. economy will simply have to find something else for all those working-class people to do.To contact the author of this story: Noah Smith at email@example.comTo contact the editor responsible for this story: James Greiff at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Noah Smith is a Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Walmart's chief merchant Steve Bratspies is set to leave the retailing giant, according to an internal memo sent to employees Friday by Walmart U.S. CEO John Furner. Shares of Walmart were down less than 1% to $115.01. Bratspies, who had been with Walmart for more than 14 years, will be replaced by Scott McCall, who most recently led entertainment, toys and seasonal at Walmart.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. India’s government has scoffed at Amazon.com Inc. founder Jeff Bezos’ offer to invest $1 billion in the country, firing the latest salvo at an e-commerce giant that’s been accused of predatory business practices.Trade minister Piyush Goyal delivered a stinging rebuke two days after Bezos arrived in New Delhi and touted his efforts to help digitize small and medium enterprises. The investment would bring Amazon’s bet on the Indian market to about $6.5 billion. Goyal told a gathering of foreign ministers from around the world he welcomed an investigation into the company’s alleged “predatory pricing and unfair trade practices.”“They may have put in a billion dollars,” Goyal said at the Raisina Dialogue in New Delhi on Thursday. “But then if they make a loss of a billion dollars every year, then they jolly well have to finance that billion dollars. So it’s not as if they are doing a great favor to India when they invest a billion dollars.”Bezos has attracted significant opposition during a tour of India intended to underscore its importance as a growth driver for Amazon. The country’s antitrust regulator initiated a formal investigation hours before his arrival, and retailers affiliated with the Confederation of All India Traders organized sit-ins and public rallies in multiple cities to protest Amazon’s traditional cut-price approach and exclusive-selling practices.Outside the venue of Amazon India’s annual event for small retailers Wednesday, demonstrators held banners proclaiming “Amazon, go back!” and with Bezos’ face crossed-out. The CEO has sought a meeting with Prime Minister Narendra Modi but that hasn’t come through.Amazon has sought to counter the negativity with a PR offensive. From Delhi, Bezos went on to Mumbai where he visited a neighborhood store. It’s these small stores that are up in arms against the retail behemoth. The chief executive then rubbed shoulders with Bollywood personalities -- Amazon is plowing money into creating Bollywood-dominated content for its Prime Video service to lure movie-mad Indians. On Friday, the company declared it planned to create a million jobs within the country by 2025. The retail giant said it had already created 700,000 jobs in six years of operating its marketplace there.Increasing HostilityStill, Goyal’s comments were an indication that Modi’s government is trying to safeguard the interests of smaller Indian traders, the traditional voter base of his Bharatiya Janata Party, as elections approach in the state of Delhi, home to the country’s capital.Soon after Goyal spoke, the chief of his party’s foreign cell, Vijay Chauthaiwale, tweeted barely-veiled criticism of the Washington Post, which is owned by Bezos. The U.S. newspaper has been criticized by the BJP and its allies for its coverage of the Modi government’s increasingly right-wing policies.The flare-up suggests India is turning increasingly hostile to the monopolistic practices of foreign e-commerce players that dominate the burgeoning market. Responding to widespread complaints, India restricted foreign direct investment in multi-brand retail and this has forced Amazon and Walmart Inc.’s Flipkart, the two biggest e-commerce players in India, to overhaul business models to comply with new rules introduced in December 2018.In 2016, New Delhi had said foreign-owned e-commerce platforms could operate as marketplaces -- facilitating transactions between sellers and consumers -- but not sell directly. Flipkart and Amazon had established wholesale networks to reach their customers. But the more recent regulations target this workaround, banning foreign e-commerce sites from selling goods from companies in which they own a stake or have commercial arrangements with.Yet resentment toward Amazon and Walmart lingers. On Thursday, Goyal also questioned why an e-commerce marketplace should make losses.“Anybody who tries to use the e-commerce marketplace model to get into the multi-brand retail space surreptitiously will have to be questioned, will have to be investigated,” Goyal said.(Updates with job creation in the sixth paragraph)To contact the reporters on this story: Archana Chaudhary in New Delhi at email@example.com;Saritha Rai in Bangalore at firstname.lastname@example.orgTo contact the editors responsible for this story: Ruth Pollard at email@example.com, Muneeza Naqvi, Abhay SinghFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Amazon.com Inc said on Friday it planned to create 1 million jobs in India by 2025, a day after the country's trade minister said the e-commerce giant's recently unveiled $1 billion investment in the country was no big favour. Amazon and Walmart's Flipkart are facing mounting criticism from India's brick-and-mortar retailers, which accuse the U.S. giants of violating Indian law by racking up billions of dollars in losses to fund deep discounts and discriminating against small sellers. Amazon said it would create new jobs in India through investments in infrastructure, technology and logistics.
(Bloomberg Opinion) -- Jeff Bezos is in India at an awkward moment. Just before his visit, the country’s antitrust authority ordered a probe into the business practices of its two main American-owned shopping websites. One of them is his.How worried should the Amazon.com Inc. boss be?If the Competition Commission’s recently released study on e-commerce is any guide, Bezos shouldn’t lose any sleep over the $6.5 billion he has committed so far — including $1 billion just this week — to win the only billion-person market that’s open to Western tech firms. The document, which forms the basis for the antitrust investigation, has much fodder for action, but nothing that hasn't already been chewed over.Amazon India and Walmart Inc.-owned Flipkart Online Services Pvt. are required to be neutral online marketplaces. Sellers they own can’t offer goods on their websites. That’s the law, and sure enough, last year Bezos hastily sold a big chunk of Amazon’s stake in Cloudtail, its top Indian partner, to stay on the right side of it. Flipkart, too, found a way to tiptoe around the requirement that foreign-owned platforms only facilitate e-commerce; they aren’t allowed to control inventory or influence prices.Yet many small retailers, who compete online, believe their products are outgunned in customer searches by preferred sellers — such as Cloudtail and Appario Retail Pvt for Amazon and OmniTech Retail India Ltd. for Flipkart — and their heavily discounted offerings. Here’s how the Competition Commission’s study frames the problem: “The price points at which these sellers sell the products on the marketplace platforms are in many instances lower than the cost price for the brick-and-mortar retailers. These retailers maintain that, therefore, they either have to match the online discounts at a significant loss or the online market would be foreclosed for them. This was pointed out to be a particularly pressing concern in the case of mobile phones, where online markets constitute around 40% of the total sales in the country.”With a traders’ association announcing sit-ins and protest rallies in 300 cities, Bezos understands the need to manage the anger of stakeholders in an important market. At a summit of sellers in New Delhi on Wednesday, he announced a fresh $1 billion investment to help bring small businesses online. To political authorities, Amazon wants to demonstrate the social usefulness of e-commerce by committing to export $10 billion of made-in-India goods by 2025. Can the competition investigation upend existing business models? There’s a hint of a stick in the watchdog’s study, which notes that, “Any potentially anti-competitive unilateral conduct of platforms or platforms’ vertical arrangements with sellers/service providers will receive enforcement attention.” Yet, in closing, the commission just asks the industry to police itself by working on things like describing search-ranking parameters “in plain and intelligible language.”It’ll be unrealistic to expect anything more dramatic from the formal inquiry. After all, the final customer isn’t complaining. She would rather receive a bigger discount on a new mobile phone than ask why it’s being exclusively sold online. More than any antitrust order, the real challenge for Bezos will come from “phygital” retail, a combination of physical and digital commerce that Mukesh Ambani, Asia’s richest man, is currently piloting. Ambani’s ambition is to link up 30 million neighborhood stores to the 360 million-plus customers of his 4G telecom network, Jio. If he can dominate grocery and fast-moving consumer goods by offering discounts, cashless payment, in-store credit and the convenience of home delivery, small shops around the country could become one gigantic storefront for his JioMart. If they share their purchase, sales and inventory data with Ambani, they may even get to enjoy lower borrowing costs from banks and nonbank financiers. They won’t be as independent as they now are, but they will be bigger and more profitable, and more competitive against pure e-commerce. This future isn’t too far away. The takeaway for the antitrust authority is that they can’t put up new restrictions on Amazon and Flipkart based on the 7% of a $1.2 trillion retail market that’s gone online. Major changes are afoot in the remaining 93% of the industry that’s currently offline. Wait for the churn that comes after JioMart goes live. Bezos, too, will be waiting.To contact the author of this story: Andy Mukherjee at firstname.lastname@example.orgTo contact the editor responsible for this story: Rachel Rosenthal at email@example.comThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Amazon (AMZN) is likely to gain momentum among third-party sellers, who were forced to shift to pricier delivery services during the peak holiday season, by removing ban on FedEx's ground network.
Health care affects every American. Until now, price transparency has been a largely scattershot, state-by-state affair, helpful to neither provider nor patient. At one large academic medical center, this translates to a spreadsheet 14,000 items long, arranged by an eight-digit accounting code and often accompanied by abbreviated descriptions of the services at hand.
The Zacks Analyst Blog Highlights: Beyond Meat, UBS, Walmart, Restaurant Brands International and Conagra Brands
Kroger's (KR) Restock program and initiatives to expand in the grocery space look impressive. This is likely to improve identical supermarket sales.