Wall street stocks to watch

Share to Twitter Share to Linkedin Topline The retail sector has been hard-hit by a selloff in recent weeks amid warnings from major companies that surging inflation has impacted profits, and despite a rebound on Wednesday, experts predict further challenges ahead as consumer spending becomes increasingly hard to predict. Key Facts Retail and consumer stocks rebounded thanks to reports that Kohl’s is preparing to receive competing takeover offers from several bidders according to Reuters; meanwhile, investors are finding a glimmer of hope in Nordstrom’s strong first quarter revenue and news that it raised its full-year sales outlook. Despite the retail sector getting “decimated” throughout earnings season, both positive headlines helped “spur buying for the first time in weeks,” says Vital Knowledge founder Adam Crisafulli, who points to the trading activity around Dick’s Sporting Goods—shares of which fell roughly 10% before turning positive and … [Read more...] about Retail Stocks Rebound But ‘Feast Or Famine Environment’ May Persist Amid Shift In Consumer Spending, Experts Warn

Share to Twitter Share to Linkedin (DON EMMERT/AFP/Getty Images) A small bronze sculpture of a little girl in a defiant pose has garnered enormous worldwide attention since it first appeared in early March on the eve of International Women’s Day on Wall Street. “Fearless Girl” stands facing iconic sculpture “Charging Bull,” created decades ago by artist Arturo di Modica; she was conceived by State Street Global Advisors, the asset-management business of State Street Corp., and its advertising agency, McCann Worldwide. As much as it has received attention, providing the perfect selfie sidekick for curious visitors and beloved by supporters of its intended message of empowerment and hope, it has nevertheless spurred controversy too. For one thing, some people didn’t react well when it became clear that it was a marketing move on the part of SSGA to promote the appointment of women on corporate boards and, via a plaque on the ground in front of … [Read more...] about ‘Fearless Girl’: State Street Global Advisors’ CMO On The Rationale, The Controversy And What’s Next

- A + A WASHINGTON (May 25): New orders for US-made capital goods increased less than expected in April, suggesting businesses could be slowing their pace of spending on equipment as they confront growing headwinds from rising interest rates and tightening financial conditions. The mixed report from the Commerce Department on Wednesday followed on the heels of May regional factory surveys last week showing manufacturers expecting moderate growth in capital spending over the next six months. The Federal Reserve has adopted an aggressive monetary policy stance to cool demand and tame inflation, sparking a stock market sell-off and boosting US Treasury yields and the dollar. "Rate-sensitive business equipment investment growth is beginning to slow," said Michael Pearce, a senior US economist at Capital Economics in New York. "That is consistent with our view that economic activity is bending rather than breaking under the impact of higher rates." Orders for … [Read more...] about US core capital goods orders growth slows in April; shipments increase

Delta Air Lines, Inc. ( DAL ) kicks off earnings season for the struggling airline sector in Thursday's pre-market session, with analysts looking for a loss of $2.42 per share on just $3.65 billion in fourth quarter 2020 revenue. If met, earnings per share (EPS) will mark a decrease of $4.12 compared to the same quarter in 2019. The stock ran in place in October after the airline missed top- and bottom-line estimates, reporting a staggering loss of $3.30 per share. Key Takeaways Delta is expected to report a significant fourth quarter loss on Thursday morning. Price action has entered a holding pattern while vaccines are distributed around the world. The stock was a sub-par performer well before the pandemic struck in 2020. Sector troubles have been well documented, but help is on the way, with three highly effective vaccines making their way around the planet. Even so, the rollout has been slow, and the virus keeps mutating, raising the odds that optimistic … [Read more...] about Delta Air Lines (DAL) Stuck in Neutral Ahead of Earnings