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Tag: Costco Wholesale Corp

At least 150 companies have warned investors

David Paul Morris | Bloomberg | Getty Images About 150 publicly traded companies have warned investors of the threat COVID-19 poses, with several anticipating they’ll miss guidance for the March quarter.  The new coronavirus was first discovered in December in China. At first, several companies had to suspend their supply chains or temporarily close brick-and-mortar …

At least 150 companies have warned investorsRead More

Costco has a China problem — and it’s not tariffs

Costco has a problem in China, but it has nothing to do with tariffs, CNBC’s Jim Cramer said Friday.e problem is Shanghai, a city of nearly 25 million people, has only one Costco store, the “Mad Money” host said. Pair it with Costco’s ability to deftly handle tariffs in the U.S.-China trade war, and it …

Costco has a China problem — and it’s not tariffsRead More

Costco’s website goes down on Thanksgiving, others also see outages

Shoppers walk past a placard that states “Black Friday preview” at a Macy’s store as pre-Thanksgiving and Christmas holiday shopping accelerates at the King of Prussia Mall in King of Prussia, Pennsylvania, November 22, 2019. Mark Makela | Reuters As online shopping becomes more popular over the Thanksgiving weekend, some retailers experienced outages amid the …

Costco’s website goes down on Thanksgiving, others also see outagesRead More

Retail stocks to watch as Macy’s, Target, Kohl’s report mixed earnings

Retail is set to reverse. That’s the call Mark Newton, founder and president of Newton Advisors, made Wednesday on CNBC’s “Trading Nation” after seeing the SPDR S&P Retail ETF (XRT), which tracks the sector’s top stocks, fall more than 3% week to date in the wake of weak earnings reports from Kohl’s and Urban Outfitters. …

Retail stocks to watch as Macy’s, Target, Kohl’s report mixed earningsRead More

Here’s a list of when retailers will be open

People shop during a Black Friday sales event at Macy’s flagship store on 34th St. in New York City,  November 22, 2018. Stephanie Keith | Reuters Although some retailers have already started marking down items and cueing the holiday music, the season will kick off in earnest next week. Retailers are preparing for crowds of …

Here’s a list of when retailers will be openRead More

History shows Black Friday helps beaten-up retailers like Home Depot

Target’s earnings on Wednesday crushed estimates, and the stock market rewarded the retailer. But things have not been great for many other retail store brands that recently reported quarterly earnings. Still, a relief rally could be looming for some of the hard-hit retailers like Home Depot, based on a CNBC analysis of recent Black Friday …

History shows Black Friday helps beaten-up retailers like Home DepotRead More

Costco stock nears a key level as retail earnings roll in, trader says

Trading Costco here may be worth the cost. So says Todd Gordon, founder of TradingAnalysis.com, who found the recent action in the consumer staples sector as a whole — and Costco’s stock in particular — to be worth investors’ attention. “I’m seeing the overall market being a little overbought, which gives me pause, but I …

Costco stock nears a key level as retail earnings roll in, trader saysRead More

Walmart is a grocery powerhouse — and it still has room to run

A man pushes his shopping cart past bread for sale at a Walmart Supercenter store in Rosemead, California on May 23, 2019. Frederic J. Brown | AFP | Getty Images Walmart just proved it’s a grocery powerhouse. And it still has plenty of room to run. The big-box retailer’s strong food business has been a …

Walmart is a grocery powerhouse — and it still has room to runRead More

Retail earnings on deck—experts look to unexpected stocks for gains

It’s a big week for retail. Big names like Walmart, J.C. Penney and Burberry are gearing up to deliver their quarterly reports this week, hot off Chinese e-commerce giant Alibaba’s record-breaking Singles Day, which the company has rebranded to the 11:11 Global Shopping Festival. On Friday, Wall Street will also get a read on retail sales when …

Retail earnings on deck—experts look to unexpected stocks for gainsRead More