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Morgan Stanley Expects 'Holiday Cheer' From Macy's
Thursday, November 20, 2014 - 9:40am | 228Read More...Kimberly Greenberger of Morgan Stanley is expecting Macy's, Inc. (NYSE: M) to deliver an out-performance fourth quarter due to easy comparisons, compelling strategies and a superior omni-channel network. "We are increasingly convinced that Macy's has the merchandise, infrastructure...
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All Quiet On The Market Front: Dow, S&P 500, Nasdaq Virtually Flat
Wednesday, November 12, 2014 - 5:38pm | 996Read More...U.S. stocks were little changed on Wednesday in another quiet trading session due to a lack of catalysts to move stocks. Economic data showed wholesale inventories rose more than expected in September. Looking forward to Thursday, retail giant Wal-Mart will report earnings before market open...
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Early November Retail Sales Mixed Ahead Of Earnings
Tuesday, November 11, 2014 - 4:34pm | 224Read More...For the first week in November, same-store sales across the United States fell 1 percent when compared to the same week in October but were 3.8 percent higher than the same week a year ago, according to data from Tuesday's Redbook. On the other hand, Tuesday's ICSC-Goldman data showed U...
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Stifel Previews Department Stores Q3 Earnings: Macy's, Kohl's And Nordstrom
Monday, November 10, 2014 - 12:41pm | 256Read More...Richard Jaffe previewed Softline retailers upcoming third quarter results in a note to clients on Monday. The analyst maintains a positive tone on Macy's, Inc. (NYSE: M), Kohl's Corporation (NYSE: KSS) and Nordstrom, Inc. (NYSE: JWN). Jaffe notes that there exists “near-term...
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Earnings Expectations For The Week Of November 10
Sunday, November 9, 2014 - 8:59pm | 956Read More...If the earnings season seems to be starting to wind down, then it must be time for the big retailers to begin sharing their quarterly results. This will provide a look at where they stood ahead of the crucial holiday shopping season. From Wal-Mart Stores, Inc. (NYSE: WMT), analysts are looking...
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Morgan Stanley: Consumers Choosing Restaurants, iPhones Over Apparel
Tuesday, October 21, 2014 - 1:51pm | 344Read More...Kimberly Greenberger, retail analyst at Morgan Stanley, published a report Tuesday on the state of the consumer and where they are spending their money. According to Greenberger, consumers have clearly signaled thus far in October a preference for electronics and dining out instead of apparel....
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3 Retailers For A Potentially Robust Holiday Season
Friday, October 10, 2014 - 10:53am | 553Read More...The holiday season is about to kick off, and the estimates for this year's sales are huge. In late September, Deloitte LLP forecast holiday sales to increase by 4.5 percent this year, well above the 2.8 percent in 2013. On Tuesday, the National Retail Federation estimated holiday sales...
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Credit Suisse Looks To Macy's, Inc. As A Guide for J C Penney Company Inc Cost Cutting
Tuesday, October 7, 2014 - 12:15pm | 230Read More...In a research note issued Monday, Credit Suisse suggested looking at Macy's, Inc. (NYSE: M) post-2008 restructuring as a guide for J C Penney Company Inc (NYSE: JCP) cost-cutting initiatives. Analysts Michael Exstein and Charlene Wong estimated that "excluding credit income,...
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Macy's, Inc. Is Pulling Back After Huge Run: An Opportunity For Bulls?
Monday, September 8, 2014 - 4:45pm | 399Read More...Macy's, Inc. (NYSE: M) stock had a nice breakout to the upside recently, but has pulled back in the last several sessions. Is this an opportunity to sell ahead of more downside, or buy ahead of even more upside? Macy's has been one of the top-performing retail stocks this year –-...
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Is A J.C. Penney Turnaround Becoming A Reality?
Tuesday, September 2, 2014 - 10:37am | 622Read More...Traders looking for a sure bet on the bullish or bearish side for an individual stock might want to stay far away from J.C. Penney (NYSE: JCP). Only one short year ago, J.C. Penney was often put in the same destined-for-death basket as Sears. Analysts argued J.C. Penney was overvalued because...
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JP Morgan: J.C. Penney Stands At 'Pivotal Crossroads'; Now A Good Time To Buy Shares
Monday, August 25, 2014 - 3:01pm | 519Read More...J.C. Penney's (NYSE: JCP) turn-around story continues to gain momentum as analysts at JP Morgan on Monday released a positive note suggesting shares should be considered as a “fall fever long trade.” “The J.C Penney story stands at a pivotal crossroads with today's mid...
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Yellen's Speech Not Enough To Keep Dow, S&P 500 In Positive Territory
Friday, August 22, 2014 - 4:36pm | 2164Read More...U.S. stocks were mostly lower as the tense situation in Ukraine was brought back in the spotlight following a report from NATO who observed an alarming rise in Russian forces near the Ukraine border. Speaking at Jackson Hole, Fed Chair Janet Yellen stated that 19 labor market indicators the Fed...
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Wal-Mart's Woes In Attracting Clients No Different From Luxury Retailers
Tuesday, August 19, 2014 - 4:29pm | 743Read More...When asked to comment on how the retailer's core customer is adapting to the challenging economy, Wal-Mart's (NYSE: WMT) former president and CEO of Wal-Mart U.S. Bill Simon told Reuters, “We've reached a point where it's not getting any better, but it's not getting...
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Will Nordstrom Follow Macy's Lead And Report A Poor Second Quarter Result?
Thursday, August 14, 2014 - 2:51pm | 903Read More...Shares of Nordstrom (NYSE: JWN) surged more than 10 percent after the company reported an impressive first quarter result on May 15. The upscale retailer saw its comparable-store sales rise 3.3 percent in the quarter as online sales and Rack outlet made strong contributions, while the top...
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Will J.C. Penney Recreate Last Quarter's Impressive Results?
Thursday, August 14, 2014 - 2:34pm | 657Read More...Shares of J.C. Penney (NYSE: JCP) surged more than 12 percent after the company reported a better-than-expected first quarter result on May 15. J.C. Penney reported a loss of $1.16 per share, while analysts were expecting a steeper loss of $1.26 per share. Revenue improved by 6.1 percent from a...
