Macy’s Inc. (NYSE: M) stock has taken quite a beating this week, dropping roughly 15 percent after second-quarter earnings disappointed the market. Unfortunately for Macy’s investors, analysts say the second half of 2018 will be more challenging.
Brick-and-mortar retail Best Buy Co Inc (BBY) has been mostly immune to headwinds, and analysts say the company is well-positioned in some of the few growth businesses remaining in the retail sector.
J C Penney Company Inc (ticker: JCP) shares plunged, falling as much as 25 percent on Thursday, with shares now down 34 percent in the past year following another disappointing quarter from the brick-and-mortar retailer. J.C. Penney also once again lowered its full-year guidance, and analysts say investors shouldn’t expect things to get easier from here.
Walmart Inc (NYSE: WMT) stock jumped 10 percent on Thursday after the company reported a big second-quarter earnings beat and hit its target for online sales growth. Unlike other retailers who are struggling with rising costs, Walmart seems to be thriving in a difficult environment.
Expectations are high for new Chipotle Mexican Grill, Inc. (NYSE: CMG) CEO Brian Niccol, and the Chipotle management team got a vote of confidence from Wall Street on Wednesday. Morgan Stanley analyst John Glass has upgraded CMG stock from “equal-weight” to “overweight,” but not all analysts are as optimistic about Chipotle’s outlook.
Macy’s Inc (NYSE: M) once again reported better-than-expected earnings and raised its full-year outlook on Wednesday, but the retailer’s second quarter wasn’t enough to keep investors from taking profits on M stock. Shares were down 14 percent by midday Wednesday as some investors see Macy’s ballooning costs as a potential red flag.
The Coca-Cola Co (ticker: KO) is taking a minority ownership stake in sports drink BodyArmor. Analysts say the BodyArmor deal is Coca-Cola’s latest attack on rival PepsiCo (PEP) and its Gatorade subsidiary, which has been eating away at Coca-Cola’s sports drink market share.
Nvidia Corporation (Nasdaq: NVDA) investors got some long-awaited good news on Monday when the company unveiled its next-generation Turing graphics chips and said the technology will be available starting in the fourth quarter.
Home Depot Inc (NYSE: HD) reported another impressive quarter on Tuesday, beating earnings and revenue expectations and raising its full-year guidance.
Now that the Walt Disney Co (ticker: DIS) buyout of Twenty-First Century Fox (FOX, FOXA) is nearing completion, attention has shifted to which company could buy Fox’s 22 regional sports networks. Experts say Disney could land roughly $20 billion for Fox’s sports assets, and the cash infusion will be much-needed as DIS invests heavily in its new streaming service.