Macy's Inc
Stocks making the biggest moves midday: Twitter, Macy’s, Nvidia, Lululemon and more
A Lululemon sign hangs in front of their store at the Woodbury Commons Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis News | Getty Images Check out the companies making headlines in midday trading Thursday. Macy’s — Shares jumped 17.8% after the department store chain reported […]
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Stocks making the biggest moves premarket: Macy’s, Twitter, Medtronic and more
Check out the companies making headlines before the bell: Macy’s (M) – Macy’s surged 15% in the premarket after reporting better-than-expected profit and revenue for the first quarter and raising its full-year earnings forecast. Results got a boost from strong apparel demand as people returned to work and other out-of-home activities. Dollar General (DG) – […]
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Macy’s stock surges as company raises 2022 profit outlook despite uncertain retail landscape
A person walks past a Macys store in Hyattsville, Maryland, on February 22, 2022. Stefani Reynolds | AFP | Getty Images Macy’s on Thursday reported fiscal first-quarter profits and sales ahead of analysts’ expectations, as shoppers returned to malls to shop for new outfits, luggage and luxury goods in spite of decades-high inflation that has […]
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Nordstrom raises full-year outlook as first-quarter sales top expectations
Nordstrom on Tuesday reported fiscal first-quarter sales ahead of analysts’ expectations and hiked its full-year outlook, citing momentum in the business as shoppers visited the company’s department stores to refresh their closets with designer brands and shoes. Nordstrom now sees fiscal 2022 revenue, including credit card sales, up 6% to 8%, compared with a prior […]
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Allbirds to start selling its shoes in select Nordstrom department stores
Nordstrom signage outside one of the company’s full-line department stores. Tim Boyle | Getty Images News | Getty Images Allbirds will start selling its shoes in select Nordstrom department stores next month, the companies announced Tuesday, as the sneaker brand seeks tie-ups with other retailers to broaden its reach and post a profit. Starting June […]
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Stocks poised for near-term rally after S&P 500 flirts with bear market, but selling is not over
The stock market’s bounce back from the brink of a bear market has set up the potential for a near-term rally, but there could be more pain in store for stocks this summer, say strategists who follow price charts. Friday’s sharp intraday drop to a low on the S & P 500 of 3,810 was […]
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Cramer’s week ahead: Stocks can’t stage ‘meaningful’ comeback until major obstacles are resolved
CNBC’s Jim Cramer warned investors on Friday that a market rally has no chance of sustaining until the causes of the turmoil are resolved. “If we want the market to stage a meaningful comeback, we need China to reopen, Russia to withdraw from Ukraine, and the [Federal Reserve] to curb-stomp inflation with a 100-basis point […]
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Here’s what Walmart, Target, Home Depot and Lowe’s tell us about the state of the American consumer
How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers — Walmart, Target, Home Depot and Lowe’s — reported quarterly financial results this week, and they each offered a different perspective on where and how people are spending their money. Walmart said some of its […]
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Retail stocks slide after Target, Walmart’s dire results. Here’s where to find the good buys
The second major earnings disappointment in retail this week sent many investors running for the exits, but that’s also created a few opportunities in the sector. On Wednesday morning, Target followed Walmart in delivering a big earnings miss for the first quarter, warning that rising costs were eating into profit margins. The report helped weigh […]
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Surging prices force consumers to ask: Can I live without it?
A pedestrian carries shopping bags in the Herald Square area of New York, U.S., on Wednesday, April 13, 2022. Calla Kessler | Bloomberg | Getty Images Sandy Magny plans to take her teenage daughter to West Palm Beach, Florida, this summer, even though airfares are surging. It won’t be cheap, but Magny doesn’t want to […]
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