4.35k followers • 8 symbols Watchlist by Yahoo Finance
This basket consists of brick and mortar who have lost considerable market share to online competition.
Among the Dow Jones stocks, Apple and Microsoft are among the top stocks to buy and watch in May 2020.
U.S. pharmacy chains are preparing a big push for flu vaccinations when the season kicks off in October, hoping to curb tens of thousands of serious cases that could coincide with a second wave of coronavirus infections. CVS Health Corp, one of the largest U.S. pharmacies, said it is working to ensure it has vaccine doses available for an anticipated surge in customers seeking shots to protect against seasonal influenza. Rival chain Rite Aid Corp has ordered 40 percent more vaccine doses to meet the expected demand.
Dividend stocks are a great option for a retirement account since you're earning income simply for holding shares. The coronavirus pandemic caused many companies to cut or cancel dividends. While other businesses saw substantial revenue declines from the current economic slowdown, there were at least three that delivered revenue and dividend increases in these tough economic times.
Nordstrom's (JWN) first-quarter fiscal 2020 results are expected to reflect the impacts of extended store closures and increased costs. Higher online sales are likely to have cushioned the top line.
Macy's will use the proceeds from a $1.1 billion note sale, plus cash on hand, to repay a $1.5 billion revolving-credit facility.
The department store chain drew down a $1.5 billion credit facility in March as it had to temporarily close stores and limit its business to its app and website due to the COVID-19 pandemic. A number of U.S. companies are also pledging their assets and properties to raise money and clear debt as businesses reopen after a long government mandated lockdown.
Hormel reported a rise in sales as consumers snapped up products like Spam and Skippy during coronavirus lockdowns.
Macy's Inc. said Tuesday it is planning to offer $1.1 billion in senior secured notes that mature in 2025 in a private offering. Proceeds will be used along with cash on hand to repay the company's revolving credit facility. Shares were up 4% premarket but have fallen 69% in the year to date, while the S&P 500 has fallen 9%.
Top news and what to watch in the markets on Tuesday, May 26, 2020.
Macy’s is turning to its real estate portfolio to raise cash in the coronavirus crisis, pledging several of its department stores and other properties as collateral in a $1.1bn bond deal. Stores in downtown Brooklyn, San Francisco’s Union Square and near Millennium Park in Chicago, as well 35 stores in some shopping malls and 10 distribution centres, are being put up as guarantees as the retailer taps capital markets for cash. In a filing with the US Securities and Exchange Commission, Macy’s estimated the properties in question had a value of $2.2bn — more than its market capitalisation of $1.6bn.
ODP vs. TSCO: Which Stock Is the Better Value Option?
KR vs. WMT: Which Stock Is the Better Value Option?
After a brutal few months of the stock market’s wild swings, Memorial Day 2020 is finally here. Some international exchanges are open today. Here are the hours.
While it's not the end-all indicator of a company's staying power, a company that has consistently raised its dividend for decades is likely one that possesses a durable competitive advantage that allows it to grow its revenue and profits over time. Here are two stocks that have delivered a good balance of capital appreciation and rising dividend payments for more than 25 years. Walmart (NYSE: WMT) currently pays a dividend yield of 1.72%.
While Macy's (NYSE: M) preliminary quarterly forecast showed a huge decrease from 2019, the retailer still has a chance for improvement. The company has made all sorts of adjustments to stem the hemorrhaging of sales and recently announced it has named a new interim CFO. Current CFO Paula Price announced her departure in April and is set to leave on May 31.
Rating Action: Moody's affirms nine and downgrades three classes of UBS 2013- C5. Global Credit Research- 22 May 2020. Approximately $1.15 billion of structured securities affected.
Macy’s, Inc. (NYSE:M) (the "Company" or "Macy’s") announced today that it is offering, subject to market and other conditions, $1.1 billion aggregate principal amount of senior secured notes due 2025 (the "Notes") in a private offering. Macy’s intends to use the net proceeds from the offering of the Notes, along with cash on hand, to repay all amounts outstanding under its revolving credit facility.
Most U.S. states have begun to reopen their economies, but Jay Foreman, chief executive of Basic Fun, said he's more worried than ever. The Boca Raton, Florida importer sells toys to retailers like Walmart Inc, Target Corp, Amazon.com Inc , TJX Cos Inc and J.C. Penney Co Inc, many of which were forced to temporarily shutter their stores because of the pandemic-induced lockdown. J.C. Penney filed for bankruptcy protection on May 15, with plans https://www.reuters.com/article/us-jc-penney-bankruptcy-exclusive/jc-penney-to-file-for-bankruptcy-as-soon-as-next-week-sources-say-idUSKBN22K20F to permanently close about a quarter of its roughly 850 stores.
Over 30 million people have filed for unemployment benefits in the U.S., and the country faces a major recession. Macy's (NYSE: M) and Nordstrom (NYSE: JWN) are having to endure an extremely challenging scenario. From 2015 to 2020, Macy's revenue has gone from $28 billion down to $25 billion.
This week is a shortened trading week with major markets closed Monday in observance of the Memorial Day holiday. Investor focus will remain on the coronavirus and its impact on the U.S. economy as most states across the country continued their phased reopening plans.
Americans began the lockdown by hoarding toilet paper, sweat pants, and puzzles. Now, with Memorial Day around the corner, it’s bicycles, boats, and inflatable pools.
Big-box chains will gobble up even more business from struggling smaller chains. That bodes well for their shares.