With Nordstrom Inc. (ticker: JWN) stock now down more than 30 percent in the past three years, the Nordstrom family may be taking its ball and going home. On Tuesday, CNBC reported the Nordstrom family, which owns 31.2 percent of the company they founded, is on the brink of a deal with private equity firm Leonard Green &…
It’s been a tough year for the U.S. retail sector, and the athletic apparel business is no exception. According to Bernstein analyst Jamie Merriman, patient Nike Inc (NYSE: NKE) investors will eventually be rewarded for weathering the storm. Under Armour (UA, UAA) investors, on the other hand, may have even more pain ahead.
Hurricane Irma was by many measures one of the most devastating hurricanes to ever hit the state of Florida. However, trading action on Wall Street this week suggests insurance investors had feared Irma’s wrath would be a lot worse.
According to a new in-depth report from Bernstein, electric vehicle investors are positioned for some huge returns over the long term. Unfortunately, it may take up to 40 years for electric vehicles to gain 60 percent of the global auto market share.
After more than a six-month search, Teva Pharmaceutical Industries (NYSE: TEVA) has chosen former H. Lundbeck CEO and renowned turnaround specialist Kare Schultz as its new CEO. Investors seem happy with the prospect of Schultz at the helm, sending TEVA stock 17 percent higher Monday.
Cruise stock investors are monitoring Hurricane Irma and Hurricane Jose closely to determine just how much of an impact the two storms could have on revenues and profits. A handful of cruises have already been canceled during what is typically one of the busiest times of the year in the cruise industry.
It’s been less than a month since Amazon.com, Inc. (Nasdaq: AMZN) took control of Whole Foods Market, but Kroger Co (KR) already appears to be feeling the Amazon squeeze.
Streaming video content is a major growth opportunity for Facebook Inc (Nasdaq: FB) in the years ahead. However, gaining TV advertisers’ trust may be a more difficult task than it seems.
Just when it seemed like expectations for Amazon.com, Inc. (Nasdaq: AMZN) couldn’t get any higher, equity research firm D.A. Davidson has set two new price targets for the AMZN stock that represent new high water marks on Wall Street.
The latest projections show Hurricane Irma on track to make landfall in or near Miami on Sunday morning. Irma’s impressive strength and projected path have investors looking back to Hurricane Andrew in 1992 for any indication of how the storm could impact the stock market, particularly when it comes to insurance stocks.