DICK'S Sporting Goods Inc
A big markets week lies ahead that could determine whether this correction turns into a bear
The roller coaster ride that is the stock market lately is unlikely to come to an end anytime soon, with investors desperate for any clarity on the macroeconomic picture that could put a bottom in for equity prices. Wall Street is headed for a big week ahead, with economic data set to be scrutinized by […]
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U.S. consumers are starting to crack as tariffs add to inflation, recession concerns
Shoppers cast shadows as they carry their bags along the waterfront in Portland, Maine, U.S, December 26, 2024. Kevin Lamarque | Reuters It’s not just Walmart. The leaders of companies that serve everyone from penny-pinching grocery shoppers to first-class travelers are seeing cracks in demand, a shift after resilient consumers propped up the U.S. economy […]
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Kohl’s shares plunge 15% as retailer gives rough outlook for the year ahead
Kohl’s posted an earnings and revenue beat for the fourth quarter on Tuesday, but its stock plunged as it issued much worse-than-expected guidance for the year ahead. Shares of the company fell more than 15% in early trading on Tuesday. For 2025, Kohl’s expects revenue to fall 5% to 7%, compared with Wall Street estimates […]
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Dick’s Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl
Dick’s Sporting Goods on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend with tariffs, inflation and fears around a potential recession. In an interview with CNBC, Executive Chairman Ed Stack said the company’s exposure to […]
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This retailer just broke out and is entering a new bullish phase, according to the charts
After gapping higher into a new all-time high in March 2024, Dick’s Sporting Goods Inc. (DKS) settled into a rangebound phase into the end of the year. Numerous attempts to break to new heights were repelled, pushing the price back to previous support levels. This week, DKS finally appears to have completed a bullish rotation […]
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These are the stocks most at risk from Trump tariffs where they are not priced in
President-elect Donald Trump ‘s tariff plans threaten the outlook for several consumer goods stocks, including a slew of popular apparel and home goods retailers, according to Wolfe Research. Trump’s tariff plans have added to the uncertain sentiment weighing on markets in recent weeks. And the levies could potentially make the Federal Reserve’s job harder this […]
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Goldman’s top stocks to play a still-healthy consumer in 2025
The state of the consumer may be strong in 2025, according to Goldman Sachs, and there are several stocks that could be primed for upside as a result. “We forecast a still robust consumer as [ disposable personal income ] continues to grow, albeit at a slower rate and as elevated interest rates ease,” the […]
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Shares of American Eagle plunge 13% as company issues weak holiday guidance
A shopper walks by an American Eagle store on November 21, 2023 in Glendale, California. Justin Sullivan | Getty Images American Eagle issued weak holiday guidance on Wednesday and cut its full-year forecast as it contends with value-seeking consumers who are only willing to spend during key shopping moments. The apparel retailer narrowly missed Wall […]
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As retailers enter the holiday shopping season, the winners are pulling away from the pack
Shoppers outside a Target store ahead of Black Friday in Clifton, New Jersey, US, on Tuesday, Nov. 26, 2024. Victor J. Blue | Bloomberg | Getty Images As the holiday season heats up, retailers are getting a fresh opportunity to attract even the most selective shoppers and convince them to splurge on discretionary items like […]
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Abercrombie expects a strong holiday quarter as growth run continues
Abercrombie & Fitch isn’t giving up its crown anytime soon. The apparel company issued strong holiday guidance on Tuesday after posting its sixth straight quarter of double-digit sales growth and another quarter of results that topped expectations. The recent arrest of the company’s former CEO, Mike Jeffries, on charges of sex trafficking did not appear to […]
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