Ross Stores Inc
Jim Cramer looks at reasons for the market decline and provides new views on 3 stocks
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets drop: Wall Street struggled to hold onto its early gains and moved lower. We’re not surprised to see the market take a breather after its […]
Read More
Stock futures rise marginally as traders await comments from Powell due later this week: Live updates
Deutsche Bank rises after announcing settlement for bulk of Postbank lawsuit claims U.S. shares of Deutsche Bank advanced more than 2% after announcing a settlement with many plaintiffs in a long-running case tied to its acquisition of Postbank. The German bank said it had come to agreements with more than 80 plaintiffs, which equates to […]
Read More
Dick’s Sporting Goods raises guidance, says shoppers are spending more on sneakers and athletic gear
A shopping cart sits in front of a Dick’s Sporting Goods store on August 26, 2020 in Daly City, California. Justin Sullivan | Getty Images News | Getty Images Dick’s Sporting Goods on Wednesday said customers are spending more on new sneakers and athletic gear, leading the retailer to raise its full-year earnings guidance. Shares […]
Read More
Off-price retailers like TJX and Ross won’t be slowing down any time soon — here’s why
A T.J. Maxx store in Pasadena, California. Mario Anzuoni | Reuters Off-price retailers like TJX Companies and Ross are still posting sales gains and taking market share from rivals, but it’s not just because consumers are under pressure and hunting for value. Persistent inflation and rising prices for essentials like food and gas have pushed […]
Read More
Stocks making the biggest moves midday: Workday, Lucid, Toast, Deckers and far more
Check out the providers producing headlines in midday investing. Ross Suppliers — The discounted retailer popped practically 10% on solid to start with-quarter effects. Ross Merchants posted earnings of $1.46 per share on $4.86 billion in income. That topped the EPS of $1.35 and $4.83 billion in income envisioned by analysts polled by LSEG. Booz […]
Read More
Stocks creating the most significant moves premarket: Ross Merchants, Intuit, Workday, Guardant Health and more
Verify out the organizations creating headlines in premarket trading: Intuit — The TurboTax father or mother organization slipped just about 6% right after issuing weaker-than-expected fiscal fourth-quarter direction . Intuit forecast modified earnings of $1.80 per share to $1.85 for each share, even though analysts surveyed by FactSet envisioned $1.92. Ross Shops — The discount […]
Read More
Shares making the most important moves following several hours: Ross Outlets, Intuit, Workday and more
Verify out the organizations earning headlines in extended buying and selling. Ross Merchants – Shares of the discounted outfits shop jumped 7%. Ross Retailers reported very first quarter earnings of $1.46 per share on revenue of $4.86 billion. Analysts polled by LSEG expected earnings of $1.35 for each share and profits of $4.83 billion. Workday […]
Read More
Shein’s U.S. charm offensive and IPO could hinge on NRF membership. So far, it’s been rejected
A sign hangs outside the Shein warehouse in Whitestown, Indiana, on Nov. 29, 2023. Scott Olson | Getty Images Chinese-founded fast fashion behemoth Shein isn’t just working to win over lawmakers in Washington, D.C., as it gears up for a potential U.S. IPO, it’s also trying to win over the broader U.S. retail industry. It’ll […]
Read More
Ahead of retail earnings, here’s what we know about the consumer so far
A customer walks through The Home Depot store on February 20, 2024 in Austin, Texas. Brandon Bell | Getty Images The state of the consumer in 2024 is already taking shape — even before the country’s major retailers begin to report first-quarter earnings, starting with Home Depot and Walmart next week. There are signs that […]
Read More
Macy's hasn't closed 150 stores yet. But Target, Kohl's CEOs already smell opportunity
Signs are posted at the entrance to a Macy’s store that is set to close at Bay Fair Mall on February 27, 2024 in San Leandro, California. Macy’s announced plans to shutter 150 underperforming stores across the United States. Justin Sullivan | Getty Images News | Getty Images Macy’s hasn’t yet shut the approximately 150 […]
Read More