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This basket consists of brick and mortar who have lost considerable market share to online competition.
Ex-J.C. Penney Exec. Ron Johnson discusses how Amazon is falling behind Target and Walmart when it comes to delivery.
Leadership at Nordstrom has been in transition since January, after the death of co-President Blake Nordstrom.
Microsoft (MSFT) stock appears to be one of safest mega-cap tech buys out there at the moment, even at its new all-time highs. And it just raised its dividend and announced a new share buyback program.
The SPDR S&P 500 ETF (NYSEARCA:SPY) hit a new 52-week high in Thursday's session, but did not do so with overwhelming confidence. We'll have to see how the action shakes out over the next few days and weeks, after the Fed cut rates on Wednesday. Here are our top stock trades. Top Stock Trades for Tomorrow 1: GogoDid this trade in Gogo (NYSE:GOGO) pay off or what? We highlighted it in early September as a top stock trade and these Twitter traders crushed it too.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars Shares are finally taking a breather. I want to see if the $6 level will now act as support. There it will find prior resistance and the 50-week moving average. If it does and GOGO takes out this week's high, a run to $8+ is on the table.Below $6 and Gogo will need some time to reset. Top Stock Trades for Tomorrow 2: AlibabaThis was another one we highlighted earlier this month, as Alibaba (NYSE:BABA) approached $179 to $180 resistance.With uptrend support creating a series of higher lows, this ascending triangle was prepped for a breakout. On Thursday we got that breakout, but BABA stock failed to hold much of its gains on the day.Investors now need to see if $179 to $180 will act as support. If it does, they need to see BABA then take out Thursday's highs. If it fails as support, it very well could be a failed breakout, in which case the 20-day moving average and uptrend support become the must-hold levels. Top Stock Trades for Tomorrow 3: TargetTarget (NYSE:TGT) stock continues to show impressive relative strength since reporting blowout earnings in mid-August, which is why I'm looking for it to be a market leader going forward.Shares are being buoyed by the 20-day moving average and are putting in a series of higher lows. I'm looking for a breakout over $110 now. Over $110.94 -- the prior highs -- and TGT can really gain some momentum. Top Stock Trades for Tomorrow 4: U.S. SteelU.S. Steel (NYSE:X) is keeping up the ugliness, falling more than 10% on the day.The silver lining is that shares are rallying off the lows. But with so many bearish trends, it's hard to get excited about this one. If X breaks its lows from last month, a plunge into no man's land could be next.This name doesn't excite me until it's over $13.50. Top Stock Trades for Tomorrow 5: Monster BeverageWe were looking for this one to "go" earlier this month, but each time Monster Beverage (NASDAQ:MNST) has fizzled out on its breakout attempt.The plus side is that it continues to put in higher lows, as uptrend support squeezes it higher. Let's see if shares can take out last week's highs near $59.56. If it can, the 50-day moving average and $60.50 are the next upside targets. * 8 Dividend Stocks to Buy for a Recession On the downside, see that MNST doesn't fall below $57.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long GOGO via options. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Stocks to Buy for a Recession * 10 Companies Making Their CEOs Rich * The 7 Best S&P 500 Stocks of 2019 So Far The post 5 Top Stock Trades for Friday: GOGO, BABA, TGT appeared first on InvestorPlace.
Target Corp. on Thursday announced plans to buy back another $5 billion in its own shares, the latest in a long series of bets the retailer is making on its own business.
The Capital One Walmart Rewards Mastercard (MA) will become available to shoppers starting Sept. 24. The credit card’s rewards represent an upgrade to Walmart’s existing credit card, and was designed with online shopping in mind. The card comes with an introductory offer of 5% back on purchases made at the big-box store using Walmart Pay, the retailer’s mobile pay app, for the first 12 months after approval.
Target stock has outshone the market this year, and a new $5 billion share-repurchase plan is the latest reward for investors who have stuck with the retailer.
Traders also look at the activity of short sellers for trading opportunities. Sometimes, stocks with a large amount of short selling activity could be potential candidates for short squeezes. Other times, ...
When momentum stocks blew up, everyone got excited about the possibility that it would be value’s turn to shine. But with the Federal Reserve cutting interest rates, there’s a good chance that investors will just go back to buying what has worked.
Despite the Dow Jones Industrial Average enjoying a robust start to September, investors should remain leery. Aside from the ongoing U.S.-China trade war, we have the Brexit drama in the U.K. that could turn out ugly. Additionally, Germany is on the brink of a recession, if it's not there already. Logically, this doesn't bode well for certain market segments like consumer stocks to buy.If you've been paying attention to the global economy and not just our own indices, you'll appreciate that a cautious approach to investing is best. Early this year, South China Morning Post contributor David Brown suggested that international central banks must act quickly to quiet troubling economic conditions. Because that action apparently didn't happen, we're probably going to suffer some slowdown. Thus, consumer stocks levered to discretionary spending are suspect.However, I'm still interested in specific names of this far-reaching segment. While spending will likely slow over the next few months, it won't stop outright. Recession or not, people must make certain purchases, which means secular-industry consumer stocks to buy are very much in play.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFurthermore, I'm eyeing some companies that have a vice element. Although it's an incredibly cynical argument, let's face reality: vice tends to go up during economic hardships. For example, imbibing overall increased during the Great Recession, likely as a stress-coping mechanism. * 8 Dividend Stocks to Buy for a Recession Here are seven consumer stocks to buy that can outlast the coming recession. Coca-Cola (KO)Source: Soloviov Vadym / Shutterstock.com For several years, shares of Coca-Cola (NYSE:KO) languished in largely sideways trading. In retrospect, part of that probably had to do with the generally strong market and economic dynamics at the time. For example, in a robust bull market, a name like KO stock doesn't necessarily appeal to you. That's especially the case when you have high-flying technology companies competing for your attention.Now, the situation is different. Sure, KO stock is considered one of many consumer stocks, and in a downturn, consumers will reduce their spending. But as I mentioned earlier, they won't kill all consumptive behaviors, but rather, are more mindful of their expenditures. Here, Coca-Cola products are compelling because they offer a treat, a nice distraction away from stressful events or circumstances.And let's not forget that any form of cheap entertainment or distraction carries a premium in a recession. That was one of the main arguments supporting KO stock in the last major downturn. I believe a similar dynamic will support Coca-Cola in the next one. Campbell Soup (CPB)Source: HeinzTeh / Shutterstock.com While many investors have tuned into the Coca-Cola story this year, another name among consumer stocks to buy has made ripples, but perhaps without the same level of attention. Shares of Campbell Soup (NYSE:CPB) have soared this year, gaining over 45%. You'd have to go back quite a ways to when a bowl of soup was this interesting. Yet CPB stock might have room to fly.First, as strange as it is to say this, a recession would really help the case for CPB stock. If the economy slows, consumers will invariably whittle down their discretionary spending. Thus, the family budgeting for going out to eat should decline sharply. In addition, a particularly troublesome recession could see consumers cutting their personal budgets down to the bare essentials.Guess what? Campbell Soup is the bare essentials. * 7 U.S. Stocks to Buy With Limited Trade War Exposure Second, I like the fact that, like KO, CPB stock pays a dividend. And with a current yield of 3%, it gives concerned investors some buffer against potential volatility. Clorox (CLX)Source: Mike Mozart via Flickr (Modified)In the first two consumer stocks to buy, I featured consumables in the literal since. But with Clorox (NYSE:CLX), most of their products are not things you want to put in your mouth. That said, you might want to consider putting CLX stock in your portfolio. Let's take a look at some of the basics.For starters, most folks know the Clorox brand name as a household cleaning supply specialist. Here, the argument is simple: even in a recession, you've got to keep yourself and your environment clean. An ounce of prevention is worth a pound of cure or more, especially with current healthcare prices.And this logic for CLX stock extends beyond human use. One of Clorox's brands is Fresh Step, which is a popular cat litter brand. Americans love their pets, often changing their lifestyles to accommodate their furry friends.Finally, CLX stock isn't just about cleaning nowadays. Through the Hidden Valley brand, Clorox has some exposure to the food industry. Additionally, its Burt's Bees division offers lucrative personal care revenue opportunities. Costco Wholesale (COST)Source: Helen89 / Shutterstock.com I'll admit that I struggled with whether to include Costco Wholesale (NASDAQ:COST) in this list of consumer stocks to buy. In a bull market, COST stock makes sense. Although it charges a membership fee, customers are more than willing to pay it. Indeed, mainstream comedies like Employee of the Month confirm that Costco is both a cultural and retail phenomenon.But will shoppers be willing to dish out money for the membership dues -- and the 800 gallons of mayonnaise -- in a bear market? After all, people don't just shop at Costco for the necessities. They also go there to buy ultra-high definition TVs and the latest digital gadgets. Plus, not everything in Costco is a great deal. In a downturn, that doesn't support the case for COST stock. * 10 Companies Making Their CEOs Rich However, here's an important stat to remember: $100,000. That's how much money the typical Costco shopper earns in a year. In contrast, the typical Walmart (NYSE:WMT) shopper earns a much lower $56,482. Thus, in a downturn, Costco's revenue stream is more resilient than its competitors, driving the case for COST stock. Genuine Parts Company (GPC)Source: Shutterstock If we do incur a serious recessionary crisis, consumers will most likely abandon high-dollar, longer-term purchases. That's an incredibly longwinded way of saying most folks probably won't shell out money for new cars. In turn, economic hardship will incentivize people to hold onto their vehicles longer. Invariably, this benefits Genuine Parts Company (NYSE:GPC) and GPC stock.Now, Genuine Parts may not be a household name. However, you almost surely heard of their brands like NAPA Auto Parts. With large warehouses stacked with various automotive parts, drivers can save themselves significant money by doing basic work themselves. Thanks to various do-it-yourself videos on platforms like Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) YouTube, the investment proposition for GPC stock isn't as much of a stretch as you might think.Moreover, there's a chance that GPC stock could benefit from higher-than-average income earners who drive European -- specifically German -- cars. As an automotive enthusiast, I appreciate the many intangibles that German carmakers bring to the table. However, their cars are ridiculously expensive to maintain.To get around this dilemma, I can imagine cash-strained drivers buying third-party components for their vehicles. Therefore, I wouldn't ignore GPC in your search for best consumer stocks to buy. Anheuser Busch Inbev (BUD)Source: legacy1995 / Shutterstock.com Perhaps one of the more surprising picks for consumer stocks to buy, shares of Anheuser Busch Inbev (NYSE:BUD) are actually performing very well this year. Since January's opening price, BUD stock has gained 50%. However, I think the fundamentals justify the enormous rally.First, entertainment or escapism comes at a premium during economic hardships, as I mentioned earlier. Now, it's true that technically, we're not in a recession. But some clues exist that we're headed there. For example, while the unemployment rate is at multi-year lows, this stat has never indefinitely stayed deflated. Plus, the August jobs report was disappointing, give all of us pause.However, that suggests some extra drinking off the job will occur, driving the case for BUD stock. * 8 Dividend Stocks to Buy for a Recession Second, Anheuser Busch owns the Bud Light brand, among other popular beers. Bud Light is the most popular beer in America by a long shot. Plus, it's incredibly cheap, which may help to steer recession-burnt and cash-strapped millennials back to beer from other frivolities. Logically, this boosts the case for BUD stock. Altria Group (MO)Source: Kristi Blokhin / Shutterstock.com Clearly, Altria Group (NYSE:MO) is the laggard in this list of consumer stocks to buy. On a year-to-date basis, MO stock is down 10%. Even worse, since the first of April of this year, shares are down nearly 25%.While declining interest in smoking has obviously hurt MO stock and its ilk, big tobacco has another concern: the ongoing vaping crisis. In short, a rash of acute lung illnesses which federal agencies believe is associated with vaping has impacted several states. So far, authorities are investigating six deaths that they presume relate to vaping.On the surface, that hurts MO stock because Altria has a 35% stake in Juul. At the center of the firestorm, anti-smoking advocates and politicians have blasted Juul for their marketing practices and their easily concealable products. Worst of all, the President threatened to ban flavored vaping liquids, which may decimate the industry.However, that creates all kinds of ugly that I don't have the space to detail comprehensively here. The big takeaway, though, is that it may do nothing to stop underage vaping because the proposed ban won't affect all vaping liquids. Moreover, banning vaping altogether may violate legal adult users' constitutional rights, as well as destroying an economically viable industry.Granted, this is a risky play. But if we have a reasonable resolution, which I think we will, MO stock could fly far higher than many other consumer stocks.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post 7 Consumer Stocks to Buy in an Uncertain Market appeared first on InvestorPlace.
McMillon replaces Jamie Dimon, chief of JPMorgan Chase & Co and will serve a two-year term starting Jan. 1, the group said on Thursday. A pledge by top CEOs to work for more than shareholders drew criticism in August from investor activists, who accused the corporate leaders of contradicting their inclusive message by lobbying against social and environmental reform efforts. The activists faulted the CEO group for taking a public stand that corporations should seek to promote the interests of a wide range of stakeholders, including workers and communities, while pressing for such rule changes as making it harder to file proxy resolutions.
Given the sharp rise in Target stock, the upside could be limited. However, we expect Target to continue to post healthy comps and earnings growth.
In fact, imposition of tariffs has left some of the retailers with no other choice than to go for selective price increases, while trying not to hurt sales during the holiday season.
The List 4 tariffs sparked concerns for the retail sector and American consumers making everyday goods expensive. Some retailers lowered outlooks for the current year due to the tariff woes.