May 17, 2023 @ 6:11 pm | Breaking News |
Target (TGT) easily beat Wall Street earnings projections for the company’s fiscal first quarter with a report yesterday May 16 after the close with a report of $2.05 a share. Analysts were looking for $1.80 a share. Earnings were down, however, 6.2%...
February 21, 2023 @ 7:38 pm | Breaking News, WMT |
Today, February 21, Walmart (WMT) reported s 76% year-over-year jump in earnings to $1.71 a share. Wall Street analysts had forecast earnings of $1.52 a share for the fourth quarter. Revenue rose 7.3% to $164 billion. Comparable store sales gained 8.3%. The company...
January 9, 2023 @ 11:02 pm | Breaking News |
Disappointing holiday sales and margin pressures. Not a good combination for any stock. And today shares of Macy’s (M), down 6.39% as of 2 p.m. New York time; Lululemon (LULU, down 9.01%, and Chico’s FAS (CHS) down 9.41% are paying the price for...
September 27, 2022 @ 7:32 pm | Breaking News, Buy Hold Sell, COST, Jubak Picks Portfolio |
Shares of Costco Wholesale (COST) closed up 2.98% on September 26. The advance against the grain of a generally down market comes after the company announced a beat on both revenue and earnings for its fiscal fourth quarter on Thursday, September 22. The company...
August 16, 2022 @ 10:28 pm | Breaking News |
Walmart shares were up 5.11% today, August 16, at the close. I think it’s fair to call that a relief rally as the company beat lowered earnings and sales forecasts for fiscal second-quarter earnings today. And then confirmed its guidance for the second half of...
August 1, 2022 @ 7:17 pm | Breaking News, Jubak Picks Portfolio |
I ended my recent post “This looks like the Bear Market rally I’ve been waiting for” on my subscription JubakAM.com site by saying “Enjoy the ride but look to sell shares of companies that look most exposed to the return of recession/high...
June 7, 2022 @ 7:42 pm | Breaking News, COST, Jubak Picks Portfolio, WMT |
Target (TGT) cut its profit outlook for the second time in three weeks. The company will attack oaring inventories in discretionary categories such as home furnishings with price mark downs, cancelling orders from vendors, and “off-loading excess inventory. (To...
May 18, 2022 @ 3:48 pm | Breaking News, COST, Jubak Picks Portfolio, WMT |
As of 3:30 p.m. Wednesday May 18 shares of Target (TGT) were down 25% for the day after the company reported a big earnings miss for the first quarter. Let’s be clear. The sales picture at Target was very positive for the quarter. Same store sales were up 3.3%...
December 9, 2021 @ 7:07 pm | Breaking News, CVS, Dividend Income Portfolio |
CVS Health (CVS) will raise its annual dividend by 10% to $2.20 from $2.00 effective with the dividend payout scheduled for February 1. The company has also authorized a $10 billion share buyback program. The company also raised guidance for the full 2021 year to...
November 20, 2020 @ 6:29 pm | Breaking News |
This morning on my way back from the farmers’ market, I passed a Whole Foods Market selling small Christmas trees for my “holiday table.” It’s November 20. Thanksgiving is NEXT week. Christmas is more than a month away. You may be noticed other...
March 19, 2019 @ 7:47 pm | Breaking News, DG, Jubak Picks Portfolio |
At a moment when all of brick and mortar retailing can seem to be suffering, Dollar General (DG) has announced that it will open 975 new stores in 2019 and remodel 1,000 existing stores. For 2019 capital expenditures are projected at $775 million to $825 million or...
February 27, 2019 @ 7:49 pm | Breaking News, Buy, Jubak Picks Portfolio, WMT |
Today February 27 I’m adding Wal-Mart (WMT) to my Jubak Picks Portfolio and making it the sixth pick in my Special Report: 10 stocks for an earnings recession on my JubakAM.com subscription site. Only 25% of Wal-Mart’s revenue currently come from outside...
February 19, 2019 @ 7:20 pm | Breaking News, You May Have Missed |
Remember last week when the Commerce Department released figures showing that U.S. retail sales fell 1.2% in December from the previous month, the most since 2009. The drop was so big that she Wall Street analysts argued that the data were in error. Today Was-Mart...
February 14, 2019 @ 7:53 pm | Breaking News, Volatility, You May Have Missed |
Overall retail sales fell 1.2% in December from November, according to the Commerce Department. That’s the worst drop in nine years. Economists surveyed by Bloomberg had projected a 0.1% gain in retail sales. Out of the gate stocks fell today on the news with...
January 10, 2019 @ 7:09 pm | Breaking News, Volatility, You May Have Missed |
Big-box retailer Macy’s (M) cuts its guidance for comparable store sales, earnings, and revenue for fiscal 2019 on weaker than expected holiday sales. Kohl’s (KSS) reported a 1.2% increase in holiday comparable store sales. The company said that fiscal...
November 20, 2018 @ 7:46 pm | Breaking News, Volatility, You May Have Missed |
The hope among some in the Wall Street crowd was that today’s earnings reports from retailers such as Target (TGT) and Kohl’s (KSS) –and especially guidance for the Christmas shopping quarter to come–would end the plunge in the U.S. stock...
December 21, 2016 @ 7:57 pm | Breaking News |
Solid growth in retail sales for the November and December holiday shopping season. Retail profits not so much. For November, advance estimates show retail and food services sales climbing 3.7% from November 2015, according to the U.S. Census Bureau. For December,...
December 6, 2016 @ 8:02 pm | Buy, COH, Dividend Income Portfolio |
And to think that in 2015 I was thinking of dropping Coach (COH) from my long-term Jubak 50 Stocks portfolio. In mid-2015 the stock was languishing at $28.48 (September 25, 2015) and seemed to be floundering with stagnant sales, falling margins, and a loss of pizzazz...
November 5, 2010 @ 2:13 pm | Update |
Coach (COH) has successfully gone global. I think that’s the message in the September quarter results reported on October 26. The company ended its June fiscal 2010 year with 20% of the U.S. handbag market and a 16% market share in Japan. Sales doubled to $100 million...
October 4, 2010 @ 10:29 am | Leading Indicators |
It’s getting to look a lot like an OK Christmas. The big shipping companies that should know are saying that this holiday shopping season will be decent. Now that may not be enthusiastic enough to set visions of sugar plums dancing in your head, but the retail group...
January 20, 2010 @ 11:51 am | Update |
Good sales and earning numbers from Coach (COH) for its fiscal second quarter but Wall Street wanted more and the stock was down almost 6% as of 11:15 in New York. The pattern here of sell even on the good news reminds me of the market’s reaction to Intel’s (INTC)...
August 5, 2009 @ 7:19 pm | Breaking News, Leading Indicators |
On Thursday August 6 retailers will report same-store sales for July. The numbers are likely to be just more of the same ugly digits reported in June. Bad weather hasn’t helped. Labor Day doesn’t come until Septemvber 7 this year, delaying the back to...