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The retail sector is seeing a strong recovery after earnings reports from Nordstrom (JWN +9.6%) and Best Buy (BBY +6.0%) helped tamp down fears that consumer spending is tailing off far and wide. There was also some M&A buzz with Wendy's and Kohl's (KSS +16.0%) attracting interest, a...
One trading day after off-price retailer Ross Stores (NASDAQ: ROST) plunged on earnings, the stock was rallying as investors seemed to spy a buying opportunity in the midst of braoder market gains. The stock closed the day up 9.6% after a 22.5% loss on Friday. Image source: ...
Ross Stores released its Q1 results last week, reporting net sales of ~$4.33 billion, a 4% decline from the year-ago period. The soft results were related to a broad-based slowdown for the majority of Q1, and Ross Stores has now reeled in its FY2022 guidance estimates. Compounding...
Ross Stores (ROST +10.1%) and TJ Companies (NYSE:TJX +5.1%) were two of the biggest gainers in the S&P 500 Index on Monday as investors tiptoed back into consumer discretionary stocks seen holding up amid macroeconomic pressures. Discounters Dollar General (DG +2.9%), Dollar Tree (DLTR +0...
Citi says investors should still be looking for quality stocks when dealing with the Fed rate hike cycle and a possible recession. "Admittedly, stocks with high-quality attributes have not been immune from this year’s volatility," equity strategist Scott Chronert wrote in a note. "Why?...
This week was busy in the retail sector, as shares in many well-known brands sold off sharply. So, I thought we would take a closer look at shopping-center REITs. At iREIT on Alpha, we're always on the hunt for blue-light bargains. Stay tuned for our "Nothing But Net Lease REI...
The crushing week in retail saw mall stocks like Ross Stores (ROST) -22%, Boot Barn (BOOT) -18%, Shoe Carnival (SCVL), Abercrombie & Fitch (ANF) -14%, Chico's FAS(CHS) -13%, Burlington Stores (BURL) -13%, Cato Corporation (CATO) -12% and Urban Outfitters (URB...
Listen on the go! A daily podcast of Wall Street Breakfast will be available this morning on Seeking Alpha, iTunes, Stitcher and Spotify. Stocks dipped into bear market territory on Friday, with the S&P 500's decline from its January all-time high hitting 20% at one point, before a late-s...
A late rally allowed the major averages to eke out a mixed performance on Friday. Losses recorded earlier in the day sent the S&P 500 into bear market territory, but a wave of bargain hunting during the final hour of trading pushed the index into the green, however fractionally, by the cl...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Camber Energy (NYSEMKT: CEI ) finally released a delayed earnings report. Today was the last day to do so before facing delisting. The stock got a boost from that news today. Source: Shutterstock Camber...
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ROSS STORES OPENS 24 NEW LOCATIONS PR Newswire DUBLIN, Calif. , July 22, 2024 /PRNewswire/ -- Ross Stores recently opened 21 Ross Dress for Less ® ("Ross") and three dd's DISCOUNTS ® stores across 17 different states in June and July. These...
2024-07-09 05:12:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...