Thursday, September 23



5 Retail Stocks to Buy Now Amid Coronavirus Turbulence

It goes without saying that the novel coronavirus has been a huge negative for retail stocks. Across the world, malls and physical retail stores were forced to close throughout March, April and May. Where they have reopened, traffic volumes remain depressed relative to the norm. Sure, many of these retailers have seen a surge in online spending. But that surge has not been enough to offset what has been an apocalyptic drop in in-store sales. According to JPMorgan (NYSE:JPM) credit card data, consumer spending has been dropping at a 10%-plus year-over-year pace ever since March. As consumer spending has plunged, so have retail stocks, especially those retail stocks with a strong reliance on mall-based, physical retail sales. But you shouldn't treat all retail stocks equally. Inst...
NASDAQ:BBBY, Stocks to Buy

Actually, Bed Bath & Beyond’s Earnings Are Good News for BBBY Stock | InvestorPlace

Bed Bath & Beyond (NASDAQ:BBBY) stock plunged in early July after the general merchandise retailer reported first quarter numbers that were, quite frankly, very ugly. Source: Shutterstock The company missed both top and bottom line expectations by a mile. Sales dropped 49% year-over-year in the quarter, including a 77% drop in in-store sales. Gross margins fell 780 basis points on the back of an unfavorable shift towards lower-margin online sales and lower-margin essential product sales, as well some expense deleveraging. Expense deleveraging really showed up on the SG&A line, where the expense rate rose a whopping 20 points year-over-year. What was a narrow adjusted loss in the year ago quarter, swung to a wide loss this quarter. To complicate matters, management announc...

5 Top Stock Trades for Friday: ROKU, AMD, SPCE, WBA, BBBY

It was a volatile session in the stock market on Thursday, although bulls repaired some of the damage that stocks observed in the morning. With that in mind, let's look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: Roku (ROKU) This is a somewhat loaded Top Stock Trades, starting with a favorite among investors: Roku (NASDAQ:ROKU). Shares burst higher, ripping nearly 12% on the day. It vaulted shares over $135 resistance and more importantly, ended its painful stretch of lower highs, dating back almost a year. The stock is approaching the 78.6% retracement and the 2020 high near $151. Above that puts the Q4 high in play at $168.85, followed by the all-time high at $176.55. Just for those that are curious, a breakout over the all-time high could put $200 in...

Bed Bath and Beyond Earnings: BBBY Stock Falls 10% on Poor Q1 Performance

Bed Bath and Beyond (NASDAQ:BBBY) earnings for the retail company's fiscal first quarter of 2020 have BBBY stock taking a beating after-hours Wednesday. This comes after reporting adjusted losses per share of $1.96 on revenue of $1.31 billion. These are both worse than Wall Street's estimates of -$1.22 per share on revenue of $1.39 billion. Source: Jonathan Weiss / Here's what else is worth mentioning from the most recent Bed Bath and Beyond earnings report. Adjusted per-share losses are down massively from adjusted EPS of 12 cents during the same time last year. Revenue for the quarter is sitting 49% lower than the $2.57 billion reported in fiscal Q1 2019. Operating loss of $460.93 million is 13.3% worse year-over-year than -$406.84 million. The Bed Bath...