TJX Companies Inc
TJ Maxx parent says holiday shopping is off to a ‘strong start,’ but its guidance tells another story
TJX Companies touted a “strong start” to the holiday shopping season on Wednesday, but its shares slid after the fast-growing retailer offered guidance that appeared to underwhelm Wall Street. TJX comfortably beat Wall Street’s expectations during its fiscal third quarter, but it’s expecting earnings per share for its holiday quarter to be between $1.12 and […]
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Wall Street looks for Nvidia to take the baton from election trades to keep rally alive in the week ahead
What exactly President-elect Donald Trump’s second term means for the stock market will be the question investors continue to grapple with in the week ahead. Nvidia earnings results will also be on deck as investors deal with stubbornly high interest rates as well. The postelection rally took a pause this week, with all three major averages […]
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Here’s a rapid-fire update on what Trump will mean for all 33 portfolio stocks
Here’s a rapid-fire update on all the stocks in Jim Cramer’s Charitable Trust, the portfolio we use for the CNBC Investing Club. During the November Monthly Meeting on Thursday, Jim looked at how Donald Trump’s return to the White House could impact each company — good, bad or not much at all. Apple : If […]
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Forget Nvidia: Here’s how one CIO is positioning after the rate cut
The U.S. Federal Reserve’s bumper 50-basis-point interest rate cut has been the talk of the market as investors evaluate sectors and stocks. Kingsley Jones, a chief investment officer at the Sydney-headquartered Jevons Global, says the rate cut has “supported the market.” “At this point, there was some concern if the Fed went with a jumbo […]
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Three key questions that will shape whether Coach and Michael Kors owners will merge
Pedestrians walk past a Coach store and a Michael Kors store. Scott Olson | Getty Images Just a few miles from the birthplace of Coach in New York City, a federal judge will soon decide whether its owner Tapestry can become a bag behemoth — in a decision that will weigh big questions about how […]
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Big Lots files for bankruptcy protection, sells to private equity firm as it promises to keep offering ‘extreme bargains’
A Big Lots store in Los Angeles, Sept. 7, 2024. Discount home goods retailer Big Lots Inc. filed for Chapter 11 bankruptcy protection on Sept. 9, 2024, indicating it plans to close nearly 300 stores and continue operating. Eric Thayer | Bloomberg | Getty Images Discount home goods retailer Big Lots filed for bankruptcy protection […]
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Nordstrom shares jump 10% as earnings top estimates, but retailer issues cautious guidance
Signage outside a Nordstrom Rack retail store in New York on Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images Nordstrom on Tuesday posted earnings that blew past Wall Street’s expectations, indicating the department store is making strides in its efforts to cut costs and boost efficiencies. Though the Seattle-based retailer posted earnings per […]
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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 […]
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Stocks making the biggest moves midday: Target, JD.com, Macy’s and more
Check out the companies making headlines in midday trading: Target — Shares of the retailer surged 12% on second-quarter results that surpassed Wall Street’s expectations. The company maintained its cautious outlook but said sales grew roughly 3%. JD.com — The U.S.-traded shares of the Chinese e-commerce company fell more than 5% after Walmart confirmed it […]
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TJX Companies raises full-year guidance, posts 5.6% sales gain for the most recent quarter
TJX Companies raised its full-year guidance on Wednesday after posting another quarter of strong sales, but its outlook still fell just short of Wall Street’s expectations. The discounter behind Marshalls, HomeGoods and TJ Maxx is now expecting full-year earnings to be between $4.09 and $4.13, compared with estimates of $4.14, according to LSEG. For the […]
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