|Bid||0.00 x 1400|
|Ask||0.00 x 1400|
|Day's Range||42.13 - 42.65|
|52 Week Range||38.10 - 52.96|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.00|
|Expense Ratio (net)||0.35%|
Shares of Foot Locker Inc. rallied 1.3% in premarket trade Friday, after B. Riley FBR upgraded the athletic footwear retailer, citing "attractive" valuation, expected in-line same-store sales and a "solid" footwear pipeline. Analyst Susan Anderson raised her rating to buy, after being at neutral since August 2017, while raising her stock price target to $73 from $62. "Our store checks have shown a significant pullback in promotions since 1H18 which we believe reflects on-trend product from both FL's core partners and smaller more casual/fashion oriented brands," Anderson wrote in a note to clients. "In a challenging retail environment, we believe [Foot Locker] has done an excellent job of re-aligning their store fleet and creating an in-store experience that is relevant to their customers." The stock has lost 6.4% over the past three months through Thursday, while the SPDR S&P Retail ETF has lost 5.3% and the S&P 500 has tacked on 3.6%.
Did April's US Retail Sales Report Fail to Impress?April retail sales data releaseOn May 15, the US Census Bureau announced advance estimates for US retail and food service sales for April 2019. The results were slightly disappointing for the
Shares of Fred's Inc. tumbled 6.8% in premarket trade Thursday, after the discount retailer said it was closing an additional 104 stores, and that it entered into a forebearance agreement with its lenders. The company said liquidation sales at the stores being closed will begin Thursday, with the closures expected to be completed by the end of June. The additional store closures comes a month after the company said it will close 159 stores by the end of May, leaving 398 stores open at that time. "These additional store closures are a difficult, but necessary step in the continued restructuring of Fred's," said Chief Executive Joseph Anto. The stock, which has closed below the $1 threshold since May 6, has plunged 69% year to date through Wednesday, while the SPDR S&P Retail ETF has gained 4.8% and the S&P 500 has advanced 14%.
Travel startup Away, known most for its suitcases, announced that a $100 million round of investment has closed, with funding led by Wellington Management Company LLP. The company's plans for the new funding includes expanding its line of merchandise into clothing, wellness and lifestyle accessories, 50 new stores over the next three years, and international expansion. Away currently has stores in major cities including New York, San Francisco, Chicago and London. Products are available in 39 countries with the goal of growing abroad by 10 times in the next three years. Away launched in February 2016 and reached $150 million in sales in 2018. The company says sales are expected to double in 2019. The SPDR S&P Retail ETF has gained 4.7% for 2019 so far. The ProShares Decline of the Retail Store ETF has slipped 2.3%. And the S&P 500 index has rallied 14% for the period.
Shares of Kirkland's Inc. tumbled 5.6% toward a 10-year low in morning trade Wednesday, after the home decor retailer was downgraded at B. Riley FBR, citing increasing headwinds that will likely limit a profit recovery. Analyst Jeff Van Sinderen cut his rating to neutral, after being at buy since March 2017, and slashed his price target to $6.50 from $12.00. Van Sinderen now expects the company's turnaround initiatives will take longer to gain traction as a number of headwinds are intensifying: After an "OK" 2018, the broader home goods market "appears to have slowed substantially;" promotional levels have elevated because of the slowdown; and "the tariff picture has deteriorated" as the U.S.-China trade war intensifies. "Although KIRK has undertaken admirable turnaround initiatives, our sense is that in the current increasingly difficult environment, the company will need to accelerate various programs aimed at improving content, merchandise margin, traffic/omnichannel/e-com, and overall relevance, in order to deliver a turnaround," Van Sinderen wrote in a note to clients. "Acceleration can only happen so fast." The stock, which is on track for the lowest close since April 2, 2009, has plunged 47.1% year to date, while the SPDR S&P Retail ETF has gained 4.5% and the S&P 500 has tacked on 13.5%.
Abercrombie & Fitch Co. said Tuesday Chief Operating Officer Joanne Crevoiserat will leave the company, as the apparel retailer has decided to eliminate the COO role. Crevoiserat joined the company as chief financial officer in May 2014, and has been COO since February 2017. The company's decision to eliminate the COO role is part of its effort to streamline the organization during its "transforming while growing" phase. "Based of our company-wide transformation initiatives, and the continuing focus on driving additional agility and efficiency throughout the business, we have decided to eliminate the COO role," said Chief Executive Fran Horowitz. The stock, which was still inactive in premarket trade, has rallied 30.1% year to date, while the SPDR S&P Retail ETF has lost 5.2% and the S&P 500 has gained 12.2%.
Though consumer spending was weak at the start of 2019, the second quarter may see a rebound as indicated by latest spending data and consumer confidence. Investors thus can bet on these ETFs.
Late March, Nike (NYSE:NKE) stock fell almost 10% around its earnings event. Then, I wrote about going long the stock as it would be a winner for the long term. The stock then rallied 11% from low to high. So the traders among us probably locked in some profits as NKE stock set new all-time highs.Source: Alessio Jacona via FlickrSo is it time to sell NKE on this weakness? (It's down another 2% this morning.) No. In fact it is time to reload for another rally similar to the one in April. In March, investors sold Nike stock down for specific reasons. This time NKE is suffering because of the war of words between the American and Chinese politicians.On Friday, the U.S. imposed new tariffs on Chinese goods and this morning China retaliated. So there will be challenges for Nike, but trade war dangers have been telegraphed for over a year. So by now, I'd bet that NKE management has taken necessary precautions to minimize any possible damage -- if there is any possible damage.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis is a giant global company that has been through several crisis situations. Nike continues to dominate, so this skirmish is not going to cause sustained harm to NKE's profit and loss statement. * 5 Tech Stocks Getting Crushed Two Fridays ago, the Trump tariff tweet caused a sharp market wide dip that took NKE from $86 to retest $82 per share. As long as this floor holds, it will serve as a strong base for the next rally and therein lies the thesis for today's opportunity. Trading NKE StockNKE stock will make new highs as markets shrug this tariff war tizzy in the next few weeks.While there is fear on Wall Street as we can see from the spike in the CBOE Volatility Index, Friday's price action was bullish. On Friday, the markets shrugged off the new tariffs and the debacle Uber (NYSE:UBER) IPO and rallied from down deep red to green. Clearly the bulls are not dead.As equities reversed course sharply, NKE stock now looks bullish like. So, today's write up is to share that upside potential that could carry it to new highs. There will be some resistance at $84.30, $86, and $88.50 per share.The NKE stock fans are strong. They flexed their muscles to close it green on the day we added tariffs on Chinese imports even though Nike is a global company and is vulnerable to these taxes. Yet it closed + 1.2% on the day when the earth was supposed to flip polarity.Fundamentally, Nike stock is not cheap as it sells at 33 trailing P/E ratio. But it is competitive when you consider that it only sells at three times its sales, which is in line with Apple (NASDAQ:AAPL) and almost half of Alphabet (NASDAQ:GOOGL) .So even though it is near all-time highs, owning NKE shares now for the long term is likely to yield profits. So the decision to buy it now is one that depends heavily on the investor time frame.The bears do have potential as they can cause technical harm if they can break below $81 per share. This would invite momentum sellers to target the $77 area. Although this is not a forecast, it is a possible scenario especially if the Chinese retaliations are more severe than anticipated. * 7 Dividend Stocks to Buy as the Trade War Reignites For those who want to own NKE for the long term, a few bucks above or below current levels are not going to matter much. But for shorter-term traders, you can set triggers and stop losses to find entry points that suit their time frames. Long term, this too shall pass and bulls will win over the bears.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy as the Trade War Reignites * 10 Stocks That Could Squeeze Short Sellers, Including CGC * 5 Tech Stocks Getting Crushed Compare Brokers The post NKE Will Run to All-Time Highs After Near-Term Hurdles appeared first on InvestorPlace.
U.S., China negotiators wrapped up after the Trump administration hiked tariffs on $200 billion worth of imported goods. Yahoo Finance's Zack Guzman, The Brewer Group CEO Jack Brewer, and American Apparel & Footwear Association CEO Rick Helfenbein discuss.
A Friday filing from Chico's Fas Inc. includes a bid from Sycamore Partners to acquire all outstanding shares of the clothing and accessories retailer for $3.50 per share. Sycamore Partners currently owns a 6.6% stake in Chico's, which has a market cap of $431.0 million. Chico's shares closed Thursday at $3.70 per share. "We believe that engaging with us so we can perform our due diligence has the benefit of creating alternatives for the company's stockholders," Sycamore said in its letter. "Given the rate and severity of the deterioration of the company's business, we believe that it is in the best interests of all stockholders for the board to create those options." Chico's shares have sunk more than 57% over the past year while the SPDR S&P Retail ETF has gained 4.6% and the S&P 500 index is up 5.6%. In January, Chico's announced that it was closing 250 stores and guided for a fourth-quarter sales decline. Sycamore said it can finance the entirety of the deal without third-party financing and complete the transaction and due diligence within 60 days. Chico's confirmed receipt of the offer and says it will review it, noting that it has received an offer from Sycamore for $4.30 that was rejected as the board thought it undervalued the company. Chico's stock is up 10.3% in Friday trading.
LVMH Moet Hennessy Louis Vuitton SE said Friday that it is launching the new Rihanna luxury label this spring. Fenty Maison will include ready-to-wear apparel, shoes and accessories. Rihanna already has a line of makeup, Fenty Beauty; a line of women's underwear, Savage x Fenty; and has had collections with a number of brands including Puma . LVMH shares have gained 29% for the year to date while the S&P 500 index is up 14.5% for the period.
As has been widely noted, some retail exchange traded funds are being pinched by shoppers' ongoing preference for online shopping. Much of that trend is being driven by Amazon.com Inc. (AMZN), the largest e-commerce company. Conversely, next-generation retail ETFs with significant exposure to Amazon and the online shopping theme are benefiting.
Shares of Abercrombie & Fitch Co. sank 5.8% in premarket trade Thursday, after Wedbush turned bearish on the apparel retailer, citing concerns that promotions may be increasing. Analyst Jen Redding lowered her rating to underperform, after being at neutral for at least the past year. She kept her stock price target at $23, which is 21% below Wednesday's closing price. "While our proprietary Big Data model shows strength in SSS [same-store sales], merchandise margins are showing an uptick in promotions--likely driving above-plan SSS," Redding wrote in a note to clients. Redding also downgraded Zumiez Inc. to underperform from neutral, sending the retailer's stock down 4.4% ahead of the open. Elsewhere, Nordstrom Inc. shares shed 2.5% and American Eagle Outfitters Inc.'s stock dropped 3.8% after Redding cut her ratings on both retailers to neutral from outperform. Abercrombie's stock had soared 45.7% year to date through Wednesday, while the SPDR S&P Retail ETF has gained 9.3% and the S&P 500 has advanced 14.9%.
How to Make Sense of Economic Indicators and Invest Accordingly(Continued from Prior Part)More power to usSo far, our focus has been on the stock market and manufacturing segment, but what about you and me? Do our activities impact the economy?
Here is a look at ETFs that currently offer attractive short selling opportunities. The ETFs included in this list are rated as sell candidates for two reasons. First, each of these funds is deemed to be in a downtrend based on the fact that its 50-day moving average is below its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading above its 20-day moving average, thereby offering a near-term ‘sell on the pop’ opportunity given the longer-term downtrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
With online shopping taking a large piece of the broader retail industry, the Amplify Online Retail ETF (IBUY) and rival e-commerce-focused exchange traded funds (ETFs) are benefiting. IBUY, the first US-listed ETF dedicated to online retail, is up 28.5% year-to-date, more than double the 12.3% returned by the SPDR S&P Retail ETF (XRT) . IBUY seeks investment results that generally correspond to the price and yield of the EQM Online Retail Index.
Bed Bath & Beyond Inc. responded to an activist investor group's call to modernize its retail strategies and oust the CEO, by saying it was already doing, or have done, most of which the investor group was asking for. The home furnishings retailer said while it welcomes investor input, and is open to engaging with the investor group, the group has "steadfastly declined" to engage in constructive dialogue. "Upon our initial review, it appears that most of the operational areas targeted for improvement include actions the company is already taking as part of its transformation plan, which are already well underway, or have been substantially completed," the company said in a statement. The company didn't directly address calls for Chief Executive Steven Temares to be "immediately replaced," but said the board and management is "confident in the company's ability to execute its transformation plan" and meet financial objective. Temares has been CEO since 2003. Since the end of 2003, the stock has lost 61%, while the S&P 500 has rallied 163%.
Shares of Bed Bath & Beyond Inc. fell 1.5% in morning trade Friday, after an activist investor group proposed a plan to modernize the home furnishings retailer's strategies, boost earnings and shareholder value, starting with ousting the CEO. As part of the plan, the investor group, which includes Legion Partners Holdings LLC, Macellum Advisors GP LLC and Ancora Advisors LLC, said Chief Executive Steven Temares "must be immediately replaced" to avoid further destruction of value. Temares has been CEO since 2003, and has been part of leadership since the company went public in 1992. The group said its plan, which also includes fixing the merchandise over-assortment, increasing employee training, improving vendor relations and cutting costs, will help boost annual earnings to $5.00 a share; the FactSet EPS consensus for 2019 is $1.96. The stock has lost 6.2% over the past 12 months, while the SPDR S&P Retail ETF has gained 0.1% and the S&P 500 has advanced 9.7%.
Chipotle (NYSE:CMG) has been monstrous lately. CMG is a restaurant company yet Chipotle stock trades like a technology momentum stock.Source: Shutterstock But this wasn't always the case. In 2015, Chipotle stock was soaring to $750 per share, but then it hit a giant roadblock and then it collapsed 60% from high to low.Last night, management delivered a strong earnings report that was reminiscent of the old days. CMG beat on all metrics and raised guidance. And the company delivered double-digit growth. Furthermore, it doubled its digital sales, which shows us that they seem to be making all the right moves.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn the way up, CMG stock commanded a premium because of the incredible comparable sales the company was able to deliver. So it earned it for as long as it delivered the growth. * The 10 Best Cheap Stocks to Buy Right Now When I'm evaluating a growth company I don't worry so much about the profitability for as long as they are growing.But then the food illness headlines broke out and the problems caused the comps to fade. The fall was severe as the headlines kept on coming. Wall Street took back the premium out of the stock.2018 was a terrible year for the whole stock market, but the S&P 500 bottomed on Christmas. Yet, Chipotle stock didn't hit its bottom until earlier this year when it reported earnings.And that marked the absolute bottom that's $247 per share. The stock had finally found value and the buyers stepped in.On the way up, once the bulls broke through the lower high trend line first at $322 and then at $360 per share, the rally was on.As a result, it came into the earnings up 171% from the bottom. Year-to-date CMG stock is up 65% versus the S&P's 17%. It is also up twice more than Shake Shack (NYSE:SHAK) and five-times better than McDonald's (NYSE:MCD).Maybe this out-performance justifies the valuation that CMG now carries. Its price-to-earnings ratio is 115, which is almost five times that of MCD's. How to Approach Chipotle StockAt these altitudes, one needs a lot of conviction to start buying CMG shares. I don't have such gumption. Especially not when the S&P 500 is at all-time highs. Buying it up here means that the investor is committed to holding the stock for a really long time.True, CMG stock is approaching its all-time highs. But therein lies a danger. The closer it gets to the accident scene the more likely it is to fade. There are a lot of investors who have been stuck at the highs who may decide to exit.Therefore it makes more sense that as it rises here after the earnings it could run into resistance. Getting into Chipotle stock over $700 would be risky short term. This is not an obvious entry point. * 7 Strong Buy Stocks with More Than Enough Upside This is nothing against the company itself but rather doubt of the price action that will unfold up here. And it's definitely not saying to short it either. Doing so opens the trader up to unlimited losses. Those who insist on shorting it should use put options where the out-of-pocket exposure is finite.However, CMG could be a trading vehicle for those who prefer trading it shorter term.As CMG continues to slog higher, there will be resistance as it nears $725 per share. This was a major ledge from which it collapsed in October 2015. The onus is on the bulls to prove they can retake it and establish it as support once again.Conversely, if CMG falls below the $685 zone it could trigger a bearish pattern that would target the prior pivot zone around $620. Then there is the open gap all the way to $540 per share. This is not a forecast, but it is a bearish scenario that I should know.In summary, this is a stock that is too high to Chase and too hot to short at these altitudes. For those who are already long CMG, the price action here is great news.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks That Could Double Over the Next Five Years * 6 S&P 500 Stocks Ready to Break Out * 5 Mining ETFs to Dig Into Compare Brokers The post Is Chipotle Stock Finally Returning to Its Winning Ways? appeared first on InvestorPlace.
The U.S. plans to not renew Iran oil import waivers previously granted for a few countries, sending oil prices shooting up. A few sector ETFs will gain and some will lose from the move.
U.S. & Chinese negotiators wrapped up high-stake trade talks -- after the Trump administration hiked tariffs on $200 billion dollars worth of imported goods, but how will this impact the retail market? Yahoo Finance's Zack Guzman & Jeanie Ahn, along with The Brewer Group CEO & former NFL player Jack Brewer discuss with American Apparel & Footwear Association CEO Rick Helfenbein.
Stocks sank sharply for the second day in a row, as investor concern that delicate trade talks between the U.S. and China could collapse. Michael Gapen, Barclays Chief U.S. Economist, joins Seana Smith on 'The Ticker' to discuss how a trade war could impact the country's GDP.
Is it time to buy retail stocks? Hennessy Funds CIO Neil Hennessy joins Yahoo Finance's Akiko Fujita and Scott Gamm to discuss.