Markets News Stocks 

Charts point to big leg lower for Dow stock Nike going into earnings: Technical analyst

“Retailers have crashed into bear market territory this holiday season, and one top technical analyst says Nike could be the next shoe to drop” writes unknown author for cnbc.com. “Costco and Nike have been the darlings — they’re both trading at near-record valuations as most other retailers, including even Amazon, have come under pressure,” Worth said. The stock was trading lower on Monday afternoon around $71.72.Worth’s charting reveals a number of bearish technical indicators that have developed in Nike’s stock, including a bearish head-and-shoulders formation and a break down through…

Read More
News 

TUI Group confident on earnings growth after hotels, cruises lift 2018 

“TUI’s earnings growth and positive outlook are the latest example of it outshining smaller British rival Thomas Cook, which last month posted an almost 20 percent fall in annual earnings and suspended its dividend” writes unknown author for cnbc.com. European travel and tourism group TUI Group posted a 10.9 percent rise in annual earnings, just ahead of forecasts, and said next year would generate similar growth, after strong demand for its higher-margin hotel and cruise offerings.”Our own holiday experiences content account for more than 70 per cent of our earnings:…

Read More
News 

KBW downgrades bank sector on poor economic outlook, says other analysts will follow

“It also lowered banks’ earnings estimates for 2019 and 2020 and said it expected other analysts to do the same” writes Xinhua News Agency for cnbc.com. Rising interest rates, low loan losses and easing regulations were other reasons the sector was supposed to outperform this year.Last December, investors piled into bank stocks after the Trump administration’s corporate tax cuts added billions of dollars to earnings estimates for 2018.Now analysts have begun to lose faith in the industry after their recommendations for 2018 fell flat. Source: cnbc.com Share This:

Read More
News 

Vera Bradley Tumbles on Earnings, Revenue Miss

“Shares of Vera Bradley Inc. (VRA) tumbled 11.1% to $9.05 on Wednesday after the women’s handbags and fashion designer missed Wall Street’s third-quarter earnings and revenue expectations” writes Rob Lenihan for thestreet.com. For the fourth quarter, Vera Bradley said that it expects net revenue of $114 million to $119 million, down from $132 million a year ago.Analysts were expecting revenue to total $114 million. Source: thestreet.com Share This:

Read More
News Stocks 

Deep losses leave Big Tech with small earnings multiples

“Apple and other big tech names are trading at the lowest multiples of their prices to expected earnings in years, suggesting recent selling might be overdone” writes Midwest Communications Inc for 95kqds.com. Apple’s stock last week traded at a nearly two-year low of 13 times expected earnings, even after accounting for analysts’ reduced expectations.Amazon’s stock is now trading at 64 times expected earnings, it lowest multiple since 2012.Facebook, plagued for months by criticism of its use of people’s personal data and fears that it could face more regulation, recently traded…

Read More
Markets News Stocks 

Next worry: Shrinking profits…

“Some strategists did cite reduced profit growth forecasts as one of the reasons stocks sold off recently” writes Min Read for reuters.com. Wall Street analysts have slammed the brakes on estimates for profit growth for S&P 500 companies, which had accelerated for much of the year.He said analysts also tend to overestimate long-range profit growth, so investors should not be surprised by reduced forecasts.Corporate earnings forecasts are eroding as the tailwind from the tax cut fades and as investors worry the U.S.-China trade dispute could upend global commerce more than…

Read More
News 

Monday Memo: Costco earnings, Starbucks investor day, Google testimony | Q&A with Patrick Marshall

“THURSDAY: Warehouse club retailer Costco reports earnings for its 2019 fiscal first quarter” writes Seattle Times Business for seattletimes.com. FRIDAY: The Commerce Department reports on November retail sales and October business inventories. … The Federal Reserve releases industrial production data for November.TUESDAY: Google CEO Sundar Pichai testifies before the U.S. House Judiciary Committee on the company’s data collection and use. … The Labor Department reports the Producer Price Index for November. Source: seattletimes.com Share This:

Read More
News 

Economy Added 155,000 Jobs in November, Unemployment at 3.7%

“Job growth slowed in November amid fears that economic growth is losing steam” writes Jeff Cox for cnbc.com. A separate gauge that includes discouraged workers and those holding part-time jobs for economic reasons, sometimes called the real unemployment rate, rose from 7.4 percent to 7.6 percent.Economists surveyed by Dow Jones had been expecting payroll growth of 198,000 and the jobless rate to hold steady. Source: cnbc.com Share This:

Read More
Markets News Stocks 

The ‘greatest area of opportunity’ in a beaten-down stock market

“In the third quarter, 92% of information tech earnings reports came in above expectations, she said” writes Markets Reporter for marketwatch.com. Health care also looks the most attractive from long-term revenue and earnings growth potential, but tech has been hit harder, making it a “special opportunity,” she said.No doubt it is tough to think about sticking a toe in these markets right now, and Hooper says investors should just try not to time the market.Hooper hasn’t always had such a rosy view of things, in fact she has been negative…

Read More
News 

Lululemon beats, but shares slide as ‘what is good enough has become somewhat of a moving target’

“Lululemon Athletica slid 2% in after-hours trading Thursday after the company reported fourth-quarter earnings that topped Wall Street estimates” writes Finanzen Net Gmbh for businessinsider.com. The athletic-apparel retailer reported adjusted earnings of $0.75 a share, topping the $0.69 that Wall Street analysts surveyed by Bloomberg were expecting.Meanwhile, Lululemon said it expects fourth-quarter earnings per share to be between $1.64 and $1.67. Source: businessinsider.com Share This:

Read More