Macy's Inc
Bed Bath & Beyond will unveil its turnaround plan Wednesday. Here are 5 issues investors want addressed
A pedestrian walks by a Bed Bath and Beyond store on November 04, 2021 in Larkspur, California. Justin Sullivan | Getty Images 1. A potential cash infusion A key part of the announcement will be clarity around how Bed Bath plans to replenish its cash coffers to pay suppliers, take care of other expenses and […]
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We’re starting a new position in a stock that will benefit from retail’s inventory glut
Excess inventory has been a common theme throughout earning season. Source
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5 things to know before the stock market opens Wednesday
Traders work on the floor of the New York Stock Exchange (NYSE), August 17, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Stocks limp along U.S. equities markets were set to open effectively flat Wednesday morning, following a mixed session Tuesday. Stocks […]
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Nordstrom cuts full-year forecast, citing slowing customer demand
Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Nordstrom on Tuesday slashed its financial forecast for the full year as the department store chain faces a glut of inventory and slowing demand. The retailer’s lowered forecast came even as it reported fiscal […]
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Stocks making the biggest moves midday: Twitter, Zoom, Palo Alto Networks, Macy’s and more
Check out the companies making headlines in midday trading Tuesday. Zoom Video — Zoom sank more than 14% after missing on revenue estimates for the previous quarter due to a strong dollar. The video conferencing company also cut its forecast for the full year amid slowing revenue growth. Twitter – Shares of the social media […]
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Macy’s cuts full-year forecast despite strong quarter, fearing shoppers will pull back on spending
Macy’s on Tuesday cut its full-year forecast, saying it anticipates deteriorating consumer spending on discretionary items like apparel that will force the department store chain to use heavy markdowns to move items off shelves. The warning comes even as the retailer reported a fiscal second-quarter profit and revenue that topped analysts’ expectations. Macy’s now sees […]
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Shares building the most important moves in the premarket: Zoom, Palo Alto Networks, Macy’s and a lot more
Video:4900:49 Marketplaces set to rebound at open up Early morning Report Just take a glance at some of the most important movers in the premarket: Zoom Online video Communications (ZM) – Zoom tumbled 11.5% in the premarket after the videoconferencing enterprise reduce its complete-yr forecast. Zoom reported improved-than-envisioned earnings for its newest quarter, but income […]
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Cramer’s game plan: This week is all about Powell, but don’t overlook any great earnings reports
Wall Street is collectively bracing for Federal Reserve Chair Jerome Powell’s speech later this week, CNBC’s Jim Cramer said Monday after the major U.S. stock indexes tumbled. Powell’s address — set for 10 a.m. ET Friday as part of the Fed’s annual Jackson Hole symposium — is by far the biggest event on the calendar, […]
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Walmart lays off corporate employees after slashing forecast
Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey VIEW press | Corbis News | Getty Images Walmart confirmed on Wednesday that it has begun to lay off corporate employees about a week after the company slashed its profit outlook and warned consumers had pulled back on discretionary spending […]
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The confusing job market: Tech and finance brace for the worst, retail is mixed, travel can’t hire fast enough
JetBlue Airways passengers in a crowded terminal on April 7, 2022 in the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Robert Nickelsberg | Getty Images News | Getty Images It wasn’t long ago that Amazon, Shopify and Peloton doubled their workforces to manage through the pandemic surge, while Morgan Stanley staffed up to handle […]
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