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Major Retailers Highlight This Week's Earnings Outlook
Sunday, May 10, 2015 - 11:31am | 822As the earnings season begins to wind down, it is time for the big retailers to start sharing their most recent quarterly results. Consensus estimates from Wall Street analysts call for year-on-year earnings growth from Macy's, Inc. (NYSE: M), but for earnings declines from Kohl's...
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Earnings Expectations For The Week: Retailers On Parade
Monday, February 23, 2015 - 7:46am | 1073Wal-Mart Stores, Inc. (NYSE: WMT) kicked off retail earnings season last week, though its strong quarterly earnings were overshadowed by news of its wage hike. More big retailers take turns in the earnings spotlight this week, including Home Depot Inc (NYSE: HD), J C Penney Company Inc (NYSE:...
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Earnings Expectations For The Week Of November 10
Sunday, November 9, 2014 - 8:59pm | 956If the earnings season seems to be starting to wind down, then it must be time for the big retailers to begin sharing their quarterly results. This will provide a look at where they stood ahead of the crucial holiday shopping season. From Wal-Mart Stores, Inc. (NYSE: WMT), analysts are looking...
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Will Disney Investors Be Treated To Another Magical Earnings Report?
Wednesday, November 5, 2014 - 2:48pm | 816Walt Disney Co (NYSE: DIS) will report its fourth quarter results on Thursday after market close. Analysts are expecting the company to book $0.88 per share on $12.37 billion in revenue. Disney reported its third quarter results on August 5. At that time, the company earned a record high $1.28...
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Morgan Stanley: Consumers Choosing Restaurants, iPhones Over Apparel
Tuesday, October 21, 2014 - 1:51pm | 344Kimberly Greenberger, retail analyst at Morgan Stanley, published a report Tuesday on the state of the consumer and where they are spending their money. According to Greenberger, consumers have clearly signaled thus far in October a preference for electronics and dining out instead of apparel....
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A Closer Look At Major Retail Chains That Announced Store Closures In 2014
Tuesday, October 14, 2014 - 2:48pm | 1136Brian Sozzi of Belus Capital Advisors on October 6 said J.C. Penney Company Inc (NYSE: JCP) should have announced further store closures during its analyst day. "With the top and bottom lines moving in the right direction (store closures won't be viewed as a sign of weakness), analyst...
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Wells Fargo: J.C. Penney Successor 'Not A Proven Apparel CEO'
Tuesday, October 14, 2014 - 1:40pm | 289J C Penney Company Inc (NYSE: JCP) announced on Monday that Marvin Ellison, a top-ranked executive with Home Depot will replace Mike Ullman as J.C. Penney's new CEO. Brian Sozzi of Belus Capital Advisors noted that the appointment was a positive for J.C. Penney. In an e-mail to clients...
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Markets Debut Week On Negative Note; S&P 500 Falls Through Key Level
Monday, October 13, 2014 - 4:57pm | 1971U.S. markets began the week on a negative note after markets sold off in the final two hours of trading on no major news catalyst. The S&P 500 fell through its 200-day moving average of 1,905, a key technical level for fundamental investors and traders. The last time the index broke its 200...
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Sozzi: 'Say Hello To The New CEO Of Your Mom's J.C. Penney'
Monday, October 13, 2014 - 11:43am | 258Brian Sozzi of Belus Capital Advisors commented on J C Penney Company Inc's (NYSE: JCP) appointment of Marvin Ellison as the company's next CEO. Ellison, who currently serves as Home Depot's Executive Vice President of stores, will replace outgoing CEO Mike Ullman. Sozzi attended...
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Brian Sozzi: Wall Street Got It Wrong On JC Penney Company Inc
Thursday, October 9, 2014 - 12:59pm | 409Following J.C. Penney's (NYSE: JCP) nearly 10-percent plunge in its shares on Wednesday, Brian Sozzi of Belus Capital Advisors wrote that Wall Street “completely missed on J.C. Penney's future” following the company's investor day meeting. In an article on The Street.com,...
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Markets Rally On Fed Minutes, Alcoa Kicks Off Earnings Season With Strong Beat
Wednesday, October 8, 2014 - 5:14pm | 2148U.S. stocks rallied after the 2:00 PM release of the Fed's September minutes, which revealed that committee members continue to debate over the timing and language of a rate hike. Several officials questioned their guidance if short-term rates were likely to stay low for a “...
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Unleash The Bulls: Surge In September Hiring Data Jolts Markets Higher
Friday, October 3, 2014 - 4:42pm | 1615U.S. markets rose sharply after the U.S. government reported that 248,000 jobs were created in September, bringing the unemployment rate to 5.9 percent, the lowest it has been since July 2008. In addition to the jobs report, data from the U.S. government showed the trade deficit narrowing in...
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5 Stocks To Watch During Back-To-School Season
Tuesday, September 2, 2014 - 12:11pm | 895Back-to-school season, which begins in July and hits a peak in mid-September, is an important time for retailers. It gives them a chance to throw off the doldrums of spring and summer, and it can offer a preview of the prevailing mood among consumers before the all-important holiday shopping...
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Is A J.C. Penney Turnaround Becoming A Reality?
Tuesday, September 2, 2014 - 10:37am | 622Traders looking for a sure bet on the bullish or bearish side for an individual stock might want to stay far away from J.C. Penney (NYSE: JCP). Only one short year ago, J.C. Penney was often put in the same destined-for-death basket as Sears. Analysts argued J.C. Penney was overvalued because...
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Markets Reverse Early Morning Losses; Still Lower On The Day
Thursday, August 28, 2014 - 4:40pm | 2611U.S. stocks declined as geopolitical concerns outweighed an improved economic read on second-quarter growth. Ukraine's President stated that Russian troops had crossed in to Ukraine territory and were fighting alongside Russian supported separatists. Markets initially traded lower on the...