Retail Stocks Point to a Better Future, Hopefully

The signs of the COVID-19 damage are everywhere. Macy’s Inc. posted a first-quarter net loss of $652 million Tuesday morning while Signet Jewelers said it would permanently close nearly 400 stores this year.

Stocks react to day-to-day changes at companies — and often with brutal efficiency — but the stock market overall is a forward-looking bet on where the economy is going.Iconix Brand Group Inc. shot up 62.4 percent to $1.77, and Lululemon Athletica Inc., inched up 0.4 percent to $316.40 on Tuesday while TJX Cos. Inc. slipped 2.1 percent to $56.24; Macy’s Inc. dropped 7.1 percent to $8.87; Signet fell 16.2 percent to $14.16, and Fossil Group Inc. declined 37.9 percent to $5.03.

Investors are also easily swayed by the elixir of low interest rates and mollified by the trillions of dollars Washington has pumped into businesses to prop them up when the coronavirus sent people home in mid-March.

Hope !.....there is Hope !

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Retail investors buying beaten-up stocks make for some bizarre trading daysInterest in stay-at-home stocks have reached new heights in the last few days, fueled in part by hopes for a dramatic rebound in the economy. Just stick with the original history of the company and look back for 15 to 20 times earnings Push JC Penny jcp Just wait until it bursts. That's next. I wouldn't be anywhere close to the market. Far more money and greater returns made elsewhere without the sizable risk of the market collapsing.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Aurora James Is Calling On the Retail Industry to Take the 15 Percent PledgeThe founder of Brother Vellies asked major store chains to take the 15 Percent Pledge, which is to devote a portion of their buy to Black-owned businesses.
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Aurora James Is Calling On the Retail Industry to Take the 15 Percent PledgeThe founder of Brother Vellies asked major store chains to take the 15 Percent Pledge, which is to devote a portion of their buy to Black-owned businesses.
Fuente: ELLE Magazine (US) - 🏆 472. / 51 Leer más »