2 Retail Stocks Making Outsized Post-Earnings Moves
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21Nov
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21Nov
Home sales fell to a 13-year low in October as prices rose
Sales of previously owned homes were 4.1% lower in October compared with September, running at a seasonally adjusted annualized rate of 3.79 million units, according to the National Association of Realtors.It was the slowest sales pace since August 2010. Analysts were expecting a smaller drop, to 3.9 million units....
21Nov
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21Nov
American Eagle (AEO) earnings Q3 2023
American clothing and accessories retailer American Eagle store seen in Hong Kong. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)Budrul Chukrut | Lightrocket | Getty ImagesShares of American Eagle plummeted 15% in premarket trading Tuesday after the company issued a holiday forecast that failed to impress. For its holiday quarter,...
21Nov
Abercrombie & Fitch (ANF) earnings Q3 2023
Abercrombie & Fitch.Courtesy: Abercrombie & FitchAbercrombie & Fitch on Tuesday blew past estimates as it posted a 20% jump in sales thanks to a strong back-to-school shopping season and growth at both its namesake brand and Hollister. The longtime mall retailer, which has bounced back after years of stagnation, also raised...
21Nov
LOW, DKS, BBY, KSS and more
Check out the companies making headlines in premarket trading. Lowe's — The home-improvement retailer dropped 3.9% after cutting its sales outlook for the full year. Lowe's also missed analyst expectations for revenue in the third quarter, as sales slid 13% year over year. Dick's Sporting Goods — The athletic...
21Nov
Best Buy (BBY) earnings Q3 2024
People walk past a Best Buy store in Manhattan, New York City, November 22, 2021.Andrew Kelly | ReutersBest Buy cut its full-year sales outlook Tuesday, as the company weathers a period of cooler demand and prepares for price-conscious holiday shoppers.The consumer electronics retailer beat Wall Street's quarterly earnings expectations,...
21Nov
Dick’s Sporting Goods (DKS) earnings Q3 2023
A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City.Spencer Platt | Getty ImagesShrink who? Sales and profits at Dick's Sporting Goods bounced back in the third quarter, leading the retailer to raise its full-year guidance Tuesday after it shocked investors earlier this...
21Nov
Geopolitical instability and elections have strategists wary of 2024
Israeli soldiers transfer detained Palestinians out of the Gaza Strip on November 20, 2023, as battles between Israel and the Hamas movement continue.Gil Cohen-magen | AFP | Getty ImagesGeopolitical risks will be the key threat to the economic outlook for 2024, as large-scale wars converge with a slew of...
21Nov
More Americans are tapping their retirement accounts in current hard times
Long-term financial goals are losing their priority status to immediate need as millions of Americans grapple with the cost of living. Retirement savings may be an essential pillar of financial planning but new stats from Fidelity Investments show that average account balances decreased in the third quarter of 2023, while...