Tag Archives: retail

Retail traders were quick to flock to the side of Chewy Inc (NYSE: CHWY) founder and GameStop Corp (NYSE: GME) chair Ryan Cohen when he purchased a stake in Bed Bath & Beyond Inc (NASDAQ: BBBY) in March. Less than six months later, Cohen has filed intent to sell his stake in the embattled retailer and accusations are flying. One institutional investor has suggested that Cohen used retail investors to pump the stock for his own benefit. What To Know: Luke Lloyd, wealth advisor… Source link

Though a recent tech rout has led to widespread pessimism about the sector, long-term investors should still be considering Big Tech names like Amazon (AMZN), according to Jefferies Senior Research Analyst Brent Thill (video above). “Look, tech is at a discount right now,” he told Yahoo Finance. “It’s not the space where people want to be; they want to be in other sectors… I do think ultimately the opportunity is to tuck this away for three years, and you’re going to be pretty happy three… Source link

Bed Bath & Beyond has one foot in the grave and may be at risk of being pulled six feet under, one former retail CEO warned. “Bed Bath & Beyond is in a world of hurt because they have burned an enormous amount of available cash, their business has no forward momentum, and now as we all know they have an enormous leadership gap that they will have to fill,” Mark Cohen, Columbia University professor of retail studies and former long-time CEO of Sears Canada, said on Yahoo Finance Live (video… Source link

U.S. stocks rallied Friday to cap a four-day losing streak on Wall Street. Sentiment was buoyed by better-than-expected retail sales data and a surprise earnings beat from Citigroup (C). The S&P 500 surged 1.9%, while the Dow Jones Industrial Average added 657 points, or roughly 2.2%. The tech-heavy Nasdaq climbed 1.8%. Blowout second-quarter results from Citi lifted shares of banking industry peers to post the best intraday rally for the sector since May, according to Bloomberg data. The mega… Source link

Reuters Gold slips as interest rate expectations sap appeal Gold fell on Monday as prospects of higher interest rates dimmed appeal for the non-yielding asset, but a softer dollar helped bullion to cling above the $1,800 support level. “Gold bulls are stuck in a quagmire of aggressive Fed policy actions, as the prospects of higher U.S. rates erode support for the precious metal,” said Han Tan, chief market analyst at Exinity. The U.S. Federal Reserve is expected to deliver another 75 basis… Source link

Discipline is the most important trait for day traders, says stock trading educator Teri Ijeoma. “The most important thing about day traders is having discipline,” the founder of Trade and Travel told Yahoo Finance Live. “You have to be able to follow a trading plan,” she said, adding that the “discipline to be able to sell or buy at the right time is important.” The S&P 500 (^GSCP) just capped its worst first half of the year since 1970 amid tighter monetary policy and fears of a recession…. Source link

The tail end of first quarter earnings season has brought two clear investor desires — more cash and less inventory — to the fore. Tech companies are scrambling to gather the former while retailers are stuck with too much of the latter. And in their own way, each industry is telling the market that a paradigm shift brought on during the pandemic has turned into a passing phase of this economic cycle. Dick’s Sporting Goods (DKS) became the latest retailer to report bloated inventories on… Source link

It doesn’t take a brain surgeon to suss out a host of negatives from the brutal earnings results and conference calls from Target and Walmart this week. All of them come to the same conclusion though: Consumers are being financially battered by inflation and the economy is slowing much quicker than Wall Street economists have factored into their 500-step multi-factor models. “It has been a wild 48 hours in retail,” Jefferies Analyst Steph Wissink said on Yahoo Finance Live (video above). “We… Source link

Google is opening its second physical store this summer. It will be located in Brooklyn. (Photo Courtesy, Google) Google is opening its second retail store. The brick-and-mortar Google Store will be located at 134 N 6th St., in the Williamsburg section of Brooklyn. It is set to open Thursday, June 16. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. Source link

The S&P 500 (^GSPC) continues to further its 52-week low point as inflation came in hotter than expected for April. CPI rose by 8.3%, down slightly from March’s 8.5% but still above consensus forecasts. In light of the market trough, however, a recent Bank of America (BAC) Global Research report notes that retail and institutional investors continue to “buy the dip.” “More dip-buying: last week, during which the S&P 500 was -0.2%, [private] clients were net buyers of U.S. equities… Source link