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Macy's CEO: Company Can 'Win As We Have In Prior Setbacks'
Thursday, January 5, 2017 - 1:10pm | 351Macy's Inc (NYSE: M)'s stock plunged around 15 percent on Thursday and is within striking distance of its 52-week low of $29.94. Investors and traders heavily sold the stock after the company announced disappointing holiday sales numbers and news that it will close another 100 stores. Disappointing...
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17 Financial Twitter Names To Follow For 2017
Friday, December 16, 2016 - 4:43pm | 1041With 2017 fast approaching, it is time to reassess your Twitter Inc (NYSE: TWTR) follows and make room for some good insight at a critical point in the global markets. Twitter’s power to move stocks cannot be discredited, especially with the incoming president's affinity for the...
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Chipotle Exec: We're Not Recovering Like We Hoped
Tuesday, December 6, 2016 - 10:50am | 456Chipotle Mexican Grill, Inc. (NYSE: CMG) opened Tuesday’s session down more than 7.5 percent following yet another disappointing quarterly report. Disappointment Continues A number of food safety issues plagued the company throughout late 2015 and early 2016, including multiple...
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Brian Sozzi Agrees With Jefferies' Downgrade Of Best Buy
Monday, August 15, 2016 - 12:13pm | 385The Street's retail expert Brian Sozzi agrees with the latest downgrade to hit Best Buy Co Inc (NYSE: BBY). Jefferies' Dan Binder downgraded Best Buy's stock to Hold from Buy on Monday due to his concerns that a maturing 4K TV cycle will yield softer same-store sales and margins at...
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Sozzi: Auntie Anne's Business Is Doing Just Fine
Wednesday, June 8, 2016 - 2:12pm | 314Have you been to a mall lately? If so, chances are you observed that foot traffic isn't quite the same it has been in prior years. Call this the Amazon.com, Inc. (NASDAQ: AMZN) effect, as the online retailer is crushing traditional retailers. With that said, it might be a bit of a surprise to...
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What Are 'Pizzadillas' And Why Should Wal-Mart Investors Care?
Monday, June 6, 2016 - 3:35pm | 399Wal-Mart Stores, Inc. (NYSE: WMT) is gearing up for the next major battlefield and attract new customers with a major push into the private label segment. Private label products, also known as store brands, are products that simply contain a stores own name or brand. It offers consumers the...
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Pacific Sunwear Killed By Bloomberg Bankruptcy Prep Report
Tuesday, April 5, 2016 - 9:59am | 272Shares of Pacific Sunwear of California, Inc. (NASDAQ: PSUN) plunged nearly 40 percent early Tuesday morning following a report by Bloomberg the company is preparing to file for Chapter 11 bankruptcy. The Boston Globe, citing Bloomberg's report, noted that a Chapter 11 filing could come as early as...
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Who Does Wall Street Think Will Win Super Bowl 50?
Sunday, February 7, 2016 - 3:46pm | 307With Super Bowl 50 just a few hours away, who's everyone picking for the big game? The Carolina Panthers bulldozed through the NFC. They went 15-1, led by near-unanimous MVP, quarterback Cam Newton. The Denver Broncos finished atop the AFC at 12-4, with a suffocating defense leading the way. Peyton...
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Alert: JC Penney To Close Stores This Year, Sozzi Says
Tuesday, January 12, 2016 - 4:10pm | 288J C Penney Company Inc (NYSE: JCP) has decided to shrink its operations this year. According to Brian Sozzi of The Street, the department stores operator plans to close seven of its roughly 1,060 U.S. stores over 2016. People from the company’s management team were at the ICR...
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ESPN Layoffs, And Potential Star Wars Overload, Is Hurting Disney
Friday, November 27, 2015 - 11:10am | 458Walt Disney Co (NYSE: DIS) opened Friday at $116.50 and recently traded under $114.70, down 3.4 percent on the day. Two very different items might be hurting the stock on this Black Friday. On Wednesday night, the Hollywood Reporter first broke that ESPN has lost seven million subscribers over...
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Why Would Urban Outfitters Get Into The Restaurant Business?
Monday, November 16, 2015 - 2:09pm | 427Shares of Urban Outfitters, Inc. (NASDAQ: URBN) lost nearly 10 percent on Monday. Urban Outfitters announced it has agreed to acquire the Vetri Family group of restaurants, including the popular Pizzeria Vetri. The question investors are asking is simply, "Why would a retailer acquire a...
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Sozzi Reviews Saucy McDonald's Under Easterbrook's Management
Thursday, November 12, 2015 - 3:25pm | 409Shares of McDonald's Corporation (NYSE: MCD) have gained more than 20 percent year-to-date, standing among the best performers of the year. In a email, The Street’s Brian S. Sozzi pointed out that “with that big burden comes higher expectations for management.” The reporter...
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A Big Apple Opening: Microsoft Store Opens On Fifth Avenue
Monday, October 26, 2015 - 9:32am | 389Microsoft Corporation (NASDAQ: MSFT)'s new flagship retail store in New York City will open for the first time this week. Microsoft's five-story store on Fifth Avenue will rival Apple Inc. (NASDAQ: AAPL) flagship store that is just a few blocks away. Microsoft's store will...
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Why WWE Network Is 'Clearly' A Viable Business
Friday, October 23, 2015 - 3:43pm | 547FBN Securities came out with a note on World Wrestling Entertainment, Inc. (NYSE: WWE) on Thursday. The firm initiated coverage on the stock with an Outperform rating with fair value of $25.11 per share, which represented 32.6 percent upside from Wednesday's closing price. FBN said, "In...
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4 Ways To Play Wal-Mart's Historic Crash
Friday, October 23, 2015 - 1:06pm | 683Shares of Wal-Mart Stores, Inc. (NYSE: WMT) plunged 10 percent recently after the company issued three-year guidance that fell well short of expectations. As Wal-Mart continues to search for ways to adapt to the modern digital age, traders are looking for ways to profit from the drop. The Numbers...