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Tag: Retail and wholesale sector performance

Black Friday may not save retail, but some e-commerce plays are buys

Retail has had a rough year. One of the worst-performing groups in the stock market for 2019, retail stocks have had difficulty mitigating the effects of the ongoing U.S.-China trade war and consumers’ shifting shopping preferences, with names like Macy’s and Gap notching double-digit losses for the year. The SPDR S&P Retail ETF, also known …

Black Friday may not save retail, but some e-commerce plays are buysRead 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

Target soars on Q3 earnings. Jim Cramer and other pros react

Target hit the bull’s eye. The big-box retailer surged 14% in Wednesday’s trading session, hitting an all-time intraday high after posting earnings and sales results for its fiscal third quarter that handily beat Wall Street estimates. Brian Cornell, the company’s CEO and chairman, said in an interview with CNBC on Wednesday that when Target is …

Target soars on Q3 earnings. Jim Cramer and other pros reactRead 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

This is Walmart’s ‘Achilles heel,’ expert says ahead of Q3 earnings

Walmart could be about to hit a wall. The world’s largest brick-and-mortar retailer is scheduled to report its fiscal third-quarter earnings on Thursday before the opening bell, and Wall Street experts are watching closely for any word on China, the Amazon.com rivalry or the state of the U.S. consumer. But not everyone’s convinced it’ll continue …

This is Walmart’s ‘Achilles heel,’ expert says ahead of Q3 earningsRead More