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By Kuldip K. Ambastha The coronavirus pandemic continues to wreak havoc all around the world. In the USA, retail sales declined by 8.7%, making for a record decline. The previous record was 3.9% in November 2008, during the Great Recession / global financial crisis (GFC) era. Clothing and accessories sales declined 50.5%. Food services and …
Continue reading “Retail Sales and Factory Output – Week of April 13-17, 2020”
By Kuldip K. Ambastha On the trading day of Friday, February 3, 2023, the stock price of Nordstrom Inc. (JWN), an American retail company, rose by +24.8% per share. One of the biggest and most prominent non-insider shareholders decided to increase his stake in Nordstrom Inc., potentially in advance of a reformist, shareholder activist campaign. …
By Kuldip K. Ambastha On Thursday, November 17, 2022, the stock price of Bath & Body Works, Inc. (BBWI), a prominent specialty retail company, rose by +25.2% per share. This rise in the stock price was driven by strong 3Q2022 quarterly performance results, with earnings surpassing the expected consensus estimate. Furthermore, Bath & Body Works, …
Continue reading “What Caught Our Attention in the Investment World? – Week of November 14-18, 2022”
By Kuldip K. Ambastha On Thursday, September 29, 2022, the stock price of CarMax, Inc. (KMX), a used vehicle retailer, dropped by -24.6% per share. The American company’s latest quarterly performance results disappointed Wall Street, especially from the perspective of earnings per share (EPS). The current landscape of high inflation, higher interest rates (making for …
By Kuldip K. Ambastha The stock price of Burlington Stores, Inc. (BURL), an American off-price (discount) department store retailer once known as Burlington Coat Factory, fell by -10.2% per share on the trading day of Thursday, August 25, 2022. 2Q2022 corporate performance results were quite satisfactory, in general. However, 3Q2022 and 2022 corporate performance guidance …
Continue reading “What Caught Our Attention in the Investment World? – Week of August 22-26, 2022”
By Kuldip K. Ambastha On the trading day of Friday, August 19, 2022, the stock price of Foot Locker, Inc. (FL), a multi-channel athletic shoe and apparel retailer, rose by +20.0% per share. For 2Q2022, the company reported a $0.99 earnings per share (EPS) figure, which surpassed expectations. That said, the company also disclosed a …
Continue reading “What Caught Our Attention in the Investment World? – Week of August 15-19, 2022”
By Kuldip K. Ambastha GameStop Corporation (GME), a video game retailer, had an up-and-down trading week for its stock with three negative daily returns and one positive daily return. (Monday, July 4, 2022 was an American holiday – Independence Day / Fourth of July – and thus not a trading day.) (See past coverage if …
Continue reading “What Caught Our Attention in the Investment World? – Week of July 5-8, 2022”
By Kuldip K. Ambastha The stock of RH (RH), a luxury lifestyle retailer perhaps better known by its former name of Restoration Hardware, had four negative return days and one positive return day in this past trading week. The worst day’s return was -10.6% per share, as seen on Thursday, June 30, 2022. The company …
Continue reading “What Caught Our Attention in the Investment World? – Week of June 27-July 1, 2022”
By Kuldip K. Ambastha In the past trading week, the global beauty company Revlon, Inc. (REV) had mostly positive daily returns except for a price decline of -11.5% per share seen on Thursday, June 23, 2022. Per an announcement dated Thursday, June 16, 2022, Revlon has filed for voluntary Chapter 11 bankruptcy and reorganization for …
Continue reading “What Caught Our Attention in the Investment World? – Week of June 21-24, 2022”
By Kuldip K. Ambastha On Thursday, June 2, 2022, the stock price of Chewy, Inc. (CHWY) rose by +24.2% per share. (See past coverage if needed: “What Caught Our Attention in the Investment World? – Week of March 29-April 1, 2021; By Kuldip K. Ambastha.”) Chewy, Inc. (CHWY), an online retailer of pet food and …
Continue reading “What Caught Our Attention in the Investment World? – Week of May 31-June 3, 2022”