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Zillow Stock Sinks After Q3 Earnings: 7 Analysts React To iBuying Shutdown
Wednesday, November 3, 2021 - 3:45pm | 720Zillow Group Inc (NASDAQ: Z) shares plunged 24.5% on Wednesday after the company reported an unexpected third-quarter loss and said it will be winding down its homebuying business. Zillow reported a third-quarter adjusted EPS loss of 95 cents on revenue of $1.74 billion. Both numbers missed...
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Long Overstock, Short Wayfair? A Potential E-Commerce Pair Trade Ahead Of Earnings
Thursday, October 21, 2021 - 11:35am | 413Online home furnishings retailers Overstock.com Inc (NASDAQ: OSTK) and Wayfair Inc (NYSE: W) will be reporting third-quarter earnings in the coming weeks, and one analyst said Thursday that he prefers one stock over the other ahead of the upcoming reports. The Analyst: Bank of America analyst...
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BofA Reinstates Coverage Of Overstock With Buy Rating, Says Turnaround Still In Early Stages
Tuesday, September 7, 2021 - 11:24am | 462Overstock.com Inc (NASDAQ: OSTK) has been outperforming primary competitor Wayfair Inc (NYSE: W) and should continue to benefit from the secular shift to online shopping, according to BofA Securities. The Overstock Analyst: Bank of America analyst Curtis Nagle initiated coverage of Overstock...
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Bed, Bath & Beyond Shares Rip Higher After Q1 Earnings: What Do Analysts Think?
Thursday, July 1, 2021 - 10:57am | 590After a big day on Wednesday, Bed Bath & Beyond Inc. (NYSE: BBBY) shares are now up 12.9% since the company reported first-quarter earnings and raised its 2021 guidance. Bed, Bath & Beyond reported first-quarter adjusted EPS of 5 cents, narrowly missing consensus analyst estimates of 8...
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Why BofA Is Bullish On Reddit Stock Bed, Bath & Beyond
Thursday, June 24, 2021 - 12:05pm | 396Now that the Reddit WallStreetBets trading volatility is once again dying down, one Wall Street analyst upgraded a popular retail investor stock Thursday and said the company’s fundamentals justify a higher share price. The Bed, Bath & Beyond Analyst: Bank of America analyst Curtis Nagle...
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BofA Gives 4 Reasons For Upgrading Williams-Sonoma
Tuesday, June 1, 2021 - 1:59pm | 322Williams-Sonoma, Inc. (NYSE: WSM) reported strong results for the first-quarter results and its earnings growth could continue for longer than was previously anticipated, according to BofA Securities. The Williams-Sonoma Analyst: Curtis Nagle upgraded Williams-Sonoma from Underperform to...
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GameStop Analysts React To Q4 Earnings: Company Needs 'Some Magic Beans And Pixie Dust'
Wednesday, March 24, 2021 - 1:33pm | 658One of the most widely followed stocks of 2021 reported fourth-quarter earnings Tuesday after market close. GameStop Corp (NYSE: GME) reported quarterly earnings of $1.34 per share, which missed the analyst consensus estimate by a penny. This is a 5.5% increase over earnings of $1.27 per share from...
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'Stimmy' Checks And The Stock Market: Will The Retail Trading Frenzy Continue?
Monday, March 22, 2021 - 6:45pm | 818The recession triggered by the pandemic has been unique compared to recessions of the past. The shutdown of the U.S. economy was voluntary and not triggered by a sharp downturn in economic fundamentals. Buying The Dip: As a result, many investors saw the stock market sell-off last March as a long-...
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GameStop Is Losing Its 'Stimmy' Support, Analyst Says
Friday, March 19, 2021 - 10:20am | 376GameStop Corp. (NYSE: GME) shares traded lower by another 5.5% on Friday morning after one analyst said the stock may continue to struggle moving forward. The GameStop Analyst: Bank of America analyst Curtis Nagle reiterated his Underperform rating and $10 price target for GameStop. The GameStop...
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GameStop's Stock Price Is Still 'Very Detached From Fundamentals'
Friday, March 12, 2021 - 1:55pm | 387Shares of GameStop Corp. (NYSE: GME) remain "very detached from fundamentals" and the latest data from NPD isn't offering any support for the stock. The GameStop Analyst: Curtis Nagle maintains an Underperform rating on GameStop's stock with a $10 price target. The GameStop...
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Why BofA Is Bearish On GameStop Stock: 'Turnarounds Are Tough'
Friday, February 26, 2021 - 12:46pm | 382GameStop shares have rallied over the last two days, likely due to strong interest from retail traders once again. One analyst is out with a bearish take on the gaming retailer. The GameStop Analyst: BofA Securities analyst Curtis Nagle reiterated an Underperform rating on GameStop Corp (...
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GameStop Analyst: Console Sales 'Continue To Look Light'
Friday, February 12, 2021 - 2:00pm | 403GameStop Corp. (NYSE: GME) shares have been on a wild ride in recent weeks thanks in large part to the Reddit WallStreetBets community. While the stock has been to the moon and back thanks to a battle between retail traders and hedge funds, GameStop’s underlying business continues to...
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This Analyst Says Bed Bath & Beyond Has 'Many New Tools In The Basket'
Thursday, February 11, 2021 - 3:20pm | 363Home goods retailer Bed Bath & Beyond Inc. (NASDAQ: BBBY) has "many new tools in the basket" that position the home goods retailer to achieve its 2023 profit objectives, according to BofA Securities. The Bed Bath & Beyond Analyst: Curtis Nagle upgraded Bed Bath & Beyond ...
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GameStop Rebounds After Robinhood Lifts Buying Restrictions
Friday, February 5, 2021 - 12:56pm | 687GameStop Corp. (NYSE: GME) shares jumped Friday after Robinhood completely lifted restrictions on buying shares of so-called meme stocks, including GameStop and AMC Entertainment Holdings Inc (NYSE: AMC). What Happened: GameStop shares have skyrocketed from under $20 to as high as $483 in...
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Why BofA Is Bullish On Best Buy, Bearish On Sleep Number
Thursday, February 4, 2021 - 3:53pm | 525BofA Securities analysts revisited their prior stance on the retail sector and presented a pair trade Thursday: bullish on electronics retailer Best Buy Co Inc (NYSE: BBY) and bearish on bed manufacturer and retailer Sleep Number Corp (NASDAQ: SNBR). The Best Buy, Sleep Number Analyst: Curtis Nagle...