(Bloomberg) — Nike Inc. shares tumbled the most in more than two decades after a glut of unwanted merchandise eroded the sportswear giant’s profitability. North American inventories surged 65% in the fiscal first quarter ended Aug. 31, and resulting markdowns caused gross margin to miss Wall Street’s expectations. The retailer also cited higher freight costs […]
Read MoreIt seems that every year, economic and market activity finds a way to revolve around one or two primary themes. It’s safe to say that no matter where you start, the primary economic theme for 2022 boils down to inflation. Economic metrics were clearly starting show that inflation was picking up steam in late 2021, […]
Read MoreWith persistently high inflation that has kept interest rates rising throughout the year, economically sensitive industries have been the most vulnerable. The Consumer Discretionary sector is a perfect example. As reflected by the S&P 500 Consumer Discretionary Sector SPDR (XLY), the sector has followed the broad indices into its own bear market. This is a […]
Read More(Bloomberg) — The 510% three-week surge by Bed Bath & Beyond Inc., which has helped reinvigorate a wave of meme stock buying, stands in the face of Wall Street banks sounding the alarm on the stock’s lofty valuations. The buying spree extended on Tuesday as the stock soared 75% to $28.04 and triggered a trading […]
Read MoreIngles Markets, Incorporated (IMKTA) Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States. It offers food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, which include fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items. […]
Read MoreWhen you filter through all the noise about inflation, interest rates, and war, the big story in the stock market for 2022 really comes down to the drop to bear market levels that has taken down just about every sector of the economy. The big question that remains is whether the economy will actually follow […]
Read MoreH&R Block, Inc., through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. HRB $36.7700 1.4500 % 4.1100 H&R Block Sector : Consumer Discretionary Industry : Consumer Services – Misc Signal Short Term Trend Long […]
Read MoreRevlon, Inc. (REV) Revlon, Inc., together with its subsidiaries, develops, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company’s Relvon segment offers color cosmetics and beauty tools under the Revlon brand; and hair color under the Revlon ColorSilk and Revlon Professional brands. Yatsen Holding Limited (YSG) Yatsen Holding Limited, together with […]
Read More(Bloomberg) — For all that the slump in technology stocks has headlined a treacherous year for global equity markets, there’s one sector that’s faring even worse. The MSCI World Retailing Index, which includes the likes of Target Corp., Zalando SE and Amazon.com Inc., is on track for its first negative year since 2008. The gauge […]
Read More(Bloomberg) — Target Corp. is on pace for its worst stock drop since 1987’s Black Monday crash after becoming the second big retailer in two days to trim its profit forecast. A surge in costs during the first quarter shows little sign of easing, said Chief Executive Officer Brian Cornell. Operating profit will amount to […]
Read More(Bloomberg) — Walmart Inc. tumbled the most in more than 20 years — and was headed for the worst rout since 1987 — after cutting its full-year profit outlook due to inflationary pressures, especially in food and fuel. The disappointing performance shook Wall Street’s faith in Walmart’s ability to cope with higher costs for merchandise, […]
Read MoreThrough most of the past two years, one of the surprising stories is the way that a lot of traditional, brick-and-mortar retail companies found creative ways to shift their operations to work in a COVID-restricted world. Along with unprecedented stimulus like extended unemployment benefits that shielded a lot of Americans from the worst economic impacts […]
Read MoreIn the first quarter of 2022, broad market commentary has shifted from the pandemic-driven questions and concerns that defined most of 2020 and all of 2021. The after-effects of monetary and stimulus policies that pumped money into the economy during the worst of the pandemic began to show clear signs of cost inflation, not only […]
Read MoreSometimes, answering the question of whether a stock represents a legitimate, attractive value opportunity can be hard to do. A company could be struggling not only to grow its business, but may be forced to restructure its business in a way that makes most of the traditional measurables investors like to use look very unfavorable. […]
Read MoreThe Consumer Discretionary sector includes stocks that cover a wide variety of the Retail industry. Because there are so many retail companies that offer different products to consumers, it’s hard to pinpoint any kind of specific niche. In the sporting goods category, declining revenues in traditional brick-and-mortar stores were already a theme before 2020, in […]
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