This stock stands to benefit from the retail glut that Target warned about

This stock stands to benefit from the retail glut that Target warned about Source link

Target’s profit warnings over the last month paint a grim picture for retail stocks — and there’s likely more pain ahead even after the sector has dropped 25% in 2022

Target shares fell Tuesday after the retailer reduced its Q2 profit margin outlook. The consumer discretionary sector may see more cuts to earnings-growth estimates. Target’s margin warning Tuesday sparked a decline in other retail stocks, and there could be more pressure to come on the consumer discretionary sector, which was already the worst-performing group this … Read moreTarget’s profit warnings over the last month paint a grim picture for retail stocks — and there’s likely more pain ahead even after the sector has dropped 25% in 2022

Shorts circle GameStop and AMC, sensing retail fatigue

NEW YORK – Bearish investors are ramping up bets against meme stocks GameStop Corp and AMC Entertainment Holdings Inc, spotlighting how short sellers have grown bolder during a broader market selloff that has pummeled risky post-pandemic favorites once beloved by retail traders. Overall short interest as a percentage of the company’s float stood at 24% for … Read moreShorts circle GameStop and AMC, sensing retail fatigue

Constellation Brands, Inc. (STZ) Management Presents at RBC Capital Markets Global Consumer & Retail Conference (Transcript)

Constellation Brands, Inc. (NYSE:STZ) RBC Capital Markets Global Consumer & Retail Conference Call June 2, 2022 12:00 PM ET Company Participants Garth Hankinson – Executive Vice President and Chief Financial Officer Conference Call Participants Nik Modi – RBC Capital Markets Nik Modi Good afternoon, everyone. I’m Nik Modi, RBC’s senior HPC, beverage, packaged food and … Read moreConstellation Brands, Inc. (STZ) Management Presents at RBC Capital Markets Global Consumer & Retail Conference (Transcript)

The Clorox Company (CLX) Presents at RBC Capital Markets 2022 Global Consumer & Retail Conference (Transcript)

The Clorox Company (NYSE:CLX) RBC Capital Markets 2022 Global Consumer & Retail Conference June 1, 2022 11:20 AM ET Company Participants Kevin Jacobsen – Chief Financial Officer Conference Call Participants Nik Modi – RBC Capital Markets Nik Modi Good morning, everyone. My name is Nik Modi, RBC’s senior HBC beverage packaged food and tobacco analyst. … Read moreThe Clorox Company (CLX) Presents at RBC Capital Markets 2022 Global Consumer & Retail Conference (Transcript)

Dow gains 516 points as markets rally behind strong retail earnings

1/4 The Dow Jones Industrial Average gained 516 points on Thursday as markets were on track to break weeks-long losing streaks. File Photo by John Angelillo/UPI | License Photo May 26 (UPI) — U.S. markets posted gains for the second consecutive day on Thursday, rising sharply behind strong retail earnings. The Dow Jones Industrial Average … Read moreDow gains 516 points as markets rally behind strong retail earnings

global markets: Impact of large retail inflows in the reduction of correlation between Indian and global equity markets

Over the past year, India has seen a sustained and unparalleled selling by FPIs to the tune of $18 billion. At the same time, the primary market has enabled record equity fundraising by companies. Typically, a combination of these two events implies that the money available for the secondary market is low and the indices … Read moreglobal markets: Impact of large retail inflows in the reduction of correlation between Indian and global equity markets

Jim Cramer says he likes these three smaller plays in battered retail sector

CNBC’s Jim Cramer said Friday that while the retail sector has had a rough week, there are still several winners that stand out against the deluge of stocks that tanked. “The big four aren’t the only retailers that reported this week, and surprisingly, some of the smaller players actually did pretty well,” the “Mad Money” … Read moreJim Cramer says he likes these three smaller plays in battered retail sector

How Retail Investors Saved Stock Markets

In April, inflows into systematic investment plans (SIPs) of mutual funds fell around 3.8% month-on-month to ₹11,863 crore. A SIP is a mode of investment primarily into equity mutual funds. In that sense, an person investing through the SIP route is largely buying stocks indirectly. In fact, in the seven months from October to April, … Read moreHow Retail Investors Saved Stock Markets

Ruchi Soya hits upper circuit on buyout of Patanjali’s food retail business

Shares of Ruchi Soya Industries froze at 10 per cent upper circuit and hit over 10-month high of Rs 1,188.60 on the BSE in Wednesday’s intra-day trade. The spike comes after the company announced complete acquisition of Patanjali Ayurved’s food business for Rs 690 crore in order to accelerate transition into a leading … Read moreRuchi Soya hits upper circuit on buyout of Patanjali’s food retail business

Stocks Higher, Walmart, Twitter, Buffett In Focus-5 Things To Know

Here are five things you must know for Tuesday, May 17: 1. — Stock Futures Higher As Growth Concerns Ease, Dollar Retreats U.S. equity futures moved firmly higher Tuesday, while the dollar extended declines for a third consecutive session, as investors took solace from a rare bit of positive news from China’s Covid crisis and … Read moreStocks Higher, Walmart, Twitter, Buffett In Focus-5 Things To Know

Stock futures mixed ahead of a big week of retail earnings

Traders on the floor of the NYSE, May 6, 2022. Source: NYSE Stock futures were mixed Sunday evening after a week of steep losses that ended on a high note, and ahead of a big earnings week for retailers. Futures tied to the Dow Jones Industrial Average slipped by 23 points, or 0.09%, while S&P … Read moreStock futures mixed ahead of a big week of retail earnings

Retail investors urged to get advice before responding to volatile global financial markets

Market players think the Fed will need to be more assertive on interest rates, in order to combat strong inflation, with expectations of a rate hike in the order of 75-basis points. While no one could say what was next for the market, there were plenty of … Source link

Denver’s office, retail markets lag behind residential | Business

As the pandemic appears to wane, commercial real estate around the Mile High City shows little of the frantic activity that brokers are seeing in the residential market, according to a series of first-quarter 2022 reports released by CBRE Group. Those reports paint a relatively flat vacancy rate for retail properties, and a mixed picture … Read moreDenver’s office, retail markets lag behind residential | Business

Rialto Markets’ online Knowledge Hub opens way to accessing $113.5b crowdfunding and secondary trading marketplace – World News Report

Rialto Markets’ online Knowledge Hub opens way to accessing $113.5b crowdfunding and secondary trading marketplace Rialto Markets CEO & Co Founder Shari Noonan Tempted to get involved in the crowdfunding and secondary market revolution for private securities but don’t know where to start? Then help is at hand. The Knowledge Hub will be an … Read moreRialto Markets’ online Knowledge Hub opens way to accessing $113.5b crowdfunding and secondary trading marketplace – World News Report

Stocks To Watch: Tata Steel, Titan, Future Retail, Spicejet, Kotak Mahindra Bank

NEW DELHI: Here are the top 10 stocks that could be in focus on Wednesday: Tata Steel: The company reported a 37% year-on-year jump in consolidated net profit to ₹9,835.12 crore for the March quarter, led by higher income. Total income jumped to ₹69,615.70 crore from ₹50,300.55 crore a year ago. The board of Tata … Read moreStocks To Watch: Tata Steel, Titan, Future Retail, Spicejet, Kotak Mahindra Bank