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Stocks Hitting 52-Week Lows
Thursday, May 12, 2016 - 10:20am | 159Kohl's Corporation (NYSE: KSS) shares fell 8.84 percent to reach a new 52-week low of $35.28 as the company reported downbeat results for its first quarter. Macy's, Inc. (NYSE: M) shares fell 1.53 percent to touch a new 52-week low of $30.90. Northland Securities downgraded Macy's from Buy to...
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Macy's Q1'16 Earnings Conference Call: Full Transcript
Wednesday, May 11, 2016 - 7:14pm | 5634Operator: Please, stand by, we're about to begin. Good morning, and welcome to the <b>Macy's, Inc.</b> (NYSE: M) First Quarter 2016 Earnings Conference Call. Today's conference is being recorded. At this time I would like to turn the call over to your host, Karen Hoguet...
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Mid-Day Market Update: Electronic Arts Rises On Upbeat Results; Fossil Shares Dip
Wednesday, May 11, 2016 - 12:23pm | 623Midway through trading Wednesday, the Dow traded down 0.59 percent to 17,821.82 while the NASDAQ declined 0.29 percent to 4,795.96. The S&P also fell, dropping 0.37 percent to 2,076.73. Leading and Lagging Sectors On Wednesday, the energy sector proved to be a source of strength for the market...
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Stocks Hitting 52-Week Lows
Wednesday, May 11, 2016 - 10:30am | 175Fossil Group Inc (NASDAQ: FOSL) shares reached a new 52-week low of $27.475 as the company reported downbeat results for its first quarter and issued a weak earnings forecast for the current quarter. Office Depot Inc (NASDAQ: ODP) shares fell 38.67 percent to touch a new 52-week low of $ 3.73...
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10 Stocks Moving In Wednesday's Pre-Market Session
Wednesday, May 11, 2016 - 8:35am | 452Gainers Canadian Solar Inc. (NASDAQ: CSIQ) rose 10.93 percent to $17.15 in pre-market trading as the company reported better-than-expected Q1 results and raised its full-year revenue forecast. Electronic Arts Inc. (NASDAQ: EA) shares rose 6.93 percent to $69.01 in pre-market trading after...
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10 Stocks You Should Be Watching Today
Wednesday, May 11, 2016 - 5:53am | 425Some of the stocks that may grab investor focus today are: Wall Street expects Macy's, Inc. (NYSE: M) to report its quarterly earnings at $0.36 per share on revenue of $5.93 billion. Macy's shares fell 2.13 percent to close at $36.94 yesterday. Walt Disney Co (NYSE: DIS) reported weaker-than-...
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Earnings Scheduled For May 11, 2016
Wednesday, May 11, 2016 - 4:56am | 674Macy's, Inc. (NYSE: M) is projected to report its quarterly earnings at $0.36 per share on revenue of $5.93 billion. Wendys Co (NASDAQ: WEN) is expected to report its quarterly earnings at $0.06 per share on revenue of $352.08 million. Canadian Solar Inc. (NASDAQ: CSIQ) is estimated to report its...
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RBC Believes Dept Stores Have Uphill Battle; Initiates Macy's, Nordstrom At Sector Perform, Kohl's At Underperform
Wednesday, May 4, 2016 - 11:11am | 531Department Stores comps decelerated from +1.5 percent in 1H15 to -1.2 percent in 2H15. The segment’s EPS growth also deteriorated from a 4 percent y/y decline in 1H to a 13 percent decline in the second half, indicating a change in trends. RBC Capital Markets’ Brian Tunick initiated...
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Follow-Up Rally? Stocks Look to Build On Wednesday's Late Gains
Thursday, February 25, 2016 - 12:05pm | 783Stocks are tracking flat in early action after an impressive late rally Wednedsay. Overnight gains in Europe lent some support to the market, as did dovish remarks from a Fed speaker. A rally in the energy sector contributed to gains in European stock markets early Thursday, underpinning U.S....
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Earnings Preview: Holiday Hangover for BBY?
Wednesday, February 24, 2016 - 2:29pm | 627The retail earnings parade continues with electronics behemoth Best Buy Co, Inc. (NYSE: BBY) ahead of the bell Friday. The company issued a warning last month because of lackluster holiday sales. Macy’s, Inc. (NYSE: M) alerted investors last month too that its earnings would be under...
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Macy's Downgraded At This Investment Firm: Here's Why
Wednesday, February 24, 2016 - 9:32am | 301Stifel’s Richard E. Jaffe downgraded the rating for Macy's, Inc. (NYSE: M) from Buy to Hold, while removing the price target. Against a weak macro-environment, the company issued “appropriately” conservative guidance. Macy’s reported its 4Q adj. EPS at $2.09, beating...
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Stocks Look to Consumer For Direction With Key Data In Focus
Tuesday, February 23, 2016 - 1:01pm | 860Stocks pivoted around unchanged early Tuesday as investors eyed several earnings reports and other key data that could give the market better insight into how U.S. consumers feel about the ecoomy. Tuesday is front-loaded, with consumer confidence data for February and existing home sales both...
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5 Retailers With The Heaviest Downward Revisions Ahead Of This Week's Reports
Tuesday, February 23, 2016 - 11:08am | 1727Macy's, Inc. (NYSE: M) Consumer Discretionary - Multiline Retail | Reports February 23, before the open. The Estimize consensus calls for EPS of $2.07, with the Estimize Select consensus* even lower at $1.94. This is still above the Wall Street consensus of $1.86, but well below...
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Earnings Scheduled For February 23, 2016
Tuesday, February 23, 2016 - 4:14am | 1090Home Depot Inc (NYSE: HD) is estimated to report its quarterly earnings at $1.10 per share on revenue of $20.39 billion. Macy's, Inc. (NYSE: M) is expected to report its quarterly earnings at $1.89 per share on revenue of $8.83 billion. Toll Brothers Inc (NYSE: TOL) is projected to report its...
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Macy's, Home Depot Kick Off Week of Retailer Earnings and Vital Consumer Snapshot
Monday, February 22, 2016 - 11:42am | 1101Two consumer-sensitive retailers, Macy’s Inc (NYSE: M) and The Home Depot, Inc. (NYSE: HD), will take to the earnings stage before the markets open Tuesday, potentially lending insight into what consumers were buying in Q4. They’re two of a handful of retailers that will share...