Nordstrom http://www.so-l.ru/tags/show/nordstrom Sat, 04 Apr 2020 16:33:21 +0300 <![CDATA[Американский ритейл вербует новобранцев]]> Эпидемия продолжается, и в то время, как одни теряют рабочие места, другие их находят. От социальной изоляции страдают многие сферы бизнеса, рассчитанные на физическое присутствие клиентов. На прошлой неделе 70 000 американцев подали заявки на пособие по безработице — это безусловный рекорд по такого рода статистике.

В то же время есть и компании, которые массово ищут сотрудников. Walmart Inc. (SPB: WMT) собирается нанять 150 000 новых работников только на этой неделе.  Не отстает от него Amazon (SPB: AMZN), который также собирается нанять 100 000 новых сотрудников, чтобы справиться с потоком онлайн заказов. The Kroger Co. (SPB: KR) один из крупнейших в США ритейлер по объему выручки и второй по величине розничный продавец после Walmart расширяет штат немного скромнее – всего 10 000 новых сотрудников по всей стране.

Коронавирусная паника наводнила ритейловые магазины покупателями и пожилым людям тут досталось больше всех. Мало того, что их официально признали наиболее уязвимой категорией населения перед лицом вируса, так и еще в силу возраста не все могут принять участие в бою за последний рулон туалетной бумаги. На эту несправедливость ритейлеры отреагировали очень быстро. На этой неделе самые крупные сети поспешили объявить о введении специальных утренних часов посещения для пожилых людей. 

Давайте полистаем новости крупнейших ритейловых сетей, акции которых можно купить на Санкт-Петербургской бирже.

Walmart Inc. (SPB: WMT) начиная с этой недели и до 28 апреля будет обслуживать клиентов старше 60 лет по вторникам в течение дополнительного часа. Более 5000 магазинов в США будут открываться для приема пожилых людей за час до своего стандартного времени работы. Обычные часы работы большинства магазинов — с 7:00 до 20:30. Кроме того, в самое ближайшее время компания намерена нанять дополнительно 150 000 сотрудников в дополнение к тем 1,5 миллионам, которые уже работают на нее в США.

Costco Wholesale Corporation (SPB: COST), один из главных конкурентов Walmart на территории США, также объявил о создании специальных часов посещения магазинов для клиентов 60+, о котором сообщил в своем Facebook. По вторникам и четвергам магазины и аптеки на территории магазинов будут открываться раньше, обслуживая с 8 до 9 утра только посетителей от 60 лет и старше. Специальные часы будут введены во всех магазинах за исключением расположенных в бизнес-центрах. На конец 2019 года Costco насчитывал более 785 складов: большая часть из которых, 546, находились в США и Пуэрто-Рико, 100 в Канаде и 39 в Мексике. Компания использует клубную систему обслуживания, предлагая участникам клуба товары с минимальной наценкой. Членство в клубе требует ежегодного продления, и процент удержания клиентов у Costco один из самых высоких 90%.

Walgreens Boots Alliance, Inc. (SPB: WBA), один из мировых лидеров в сфере розничных продаж лекарственных средств и товаров для здоровья, также стартует специальные часы обслуживания для старшего поколения по вторникам с 8 до 9 утра. В отличие от гипермаркетов, в эти часы аптеки будут принимать также лиц, осуществляющих уход за стариками или ближайших родственников. Кроме того,Walgreens вводит специальные скидки по вторникам для клиентов старше 55 лет.

Target Corporation (SPB: TGT), шестой по величине ритейлер в США, ввел достаточно жесткие меры с учетом опасной эпидемиологической ситуации. С 18 марта все магазины сети закрываются не позднее 9 вечера, чтобы предоставить персоналу больше времени на уборку и дезинфекцию помещений. Каждую среду первый час работы магазинов зарезервирован для клиентов из категории «наиболее уязвимых» — это пожилые люди и те, у кого проблемы со здоровьем. Кроме того, на территории магазинов закрыты все точки общепита, это, как и собственные кафетерии, так и сетевые пиццерии и кофейни.

C 18 марта 16 300 магазинов Dollar General Corporation (SPB: DG), расположенные в 47 штатах США, открыли первый торговый час только для покупателей старшего возраста. По заявлению представителей компании, они наблюдают ажиотажный спрос, в связи с которым намерены нанять вдвое больше персонала, чем планировали. К концу апреля к работе в сети должно присоединиться до 50 000 сотрудников.

Также 25 000 новых сотрудников на полную и частичную занятость ищет сеть Dollar Tree, Inc. (SPB: DLTR). Компании нужны кассиры и работники склада для 15 000 магазинов и распределительных центров в США.

Примеру коллег из крупных сетей последовала Big Lots, Inc. (SPB: BIG), сеть универмагов со смешанным товаром, насчитывающая более 1 400 магазинов в США. Компания зарезервировала на ежедневной основе первый час работы своих магазинов для пожилых людей. Кроме того, компания также сообщила о расширении штата сотрудников и введении ряда операционных изменений. В частности, были введены ограничения по объему заказов, размещаемых в Интернете, в магазинах новые правила безопасности для социального дистанцирования, в зоне тележек и корзин для покупок появились дезинфицирующие средства.

Четвертый по величине ритейлер США Casey's General Stores, Inc. (SPB: CASY), совмещающий несколько бизнесов под одной крышей (заправки, продуктовые магазины, пиццерии и еда на вынос) закрыл для доступа клиентов устройства для подогрева пищи и витрины с нефасованной готовой едой, такие как ящики для пончиков, например. Сотрудникам разрешено передавать эти типы товаров клиентам, используя полиэтиленовую пленку или контейнеры.

На Санкт-Петербургской бирже торгуются также акции MercadoLibre, Inc. (SPB: MELI) — крупнейшего интернет-магазина Латинской Америки, в числе клиентов которого зарегистрировано 75% латиноамериканских пользователей Интернета. Главный конкурент Amazon и EBay на данном рынке имеет все возможности упрочить свои позиции во время пандемии. В 2019 году компания сделала сервис, позволяющий совершать покупки на своей платформе без необходимости использования кредитной карты. Чтобы поддержать продавцов и клиентов во время пандемии 23 марта компания объявила об отсрочке выплат ежемесячных платежей по ссудам со сроком погашения в марте. Отсрочка буде доступна в Мексике, Аргентине и Бразилии, странах, где доступна платформа Mercado Crédito для финансирования покупок.

В это же время ритейлеры, торгующие товарами не повседневного спроса, вынуждены идти на крайние меры ввиду рекомендаций правительства, социальной ответственности и панических настроений в обществе. Так, до конца марта полностью закрыты 750 оффлайн магазинов Macy's, Inc. (SPB: M), среди которых знаменитая сеть Блумингдейл. Тем не менее Macy's, Inc стремится наверстать продажи за счет распродаж в онлайн-магазине.

Также до конца месяца закрыты магазины Ralph Lauren Corporation (SPB: RL),
люксовые бутики Capri Holdings Limited (SPB: CPRI), дистрибутора таких брендов как Jimmy Choo, Versace и Michael Kors, а также 380 магазинов Nordstrom, Inc. (SPB: JWN) в США и Канаде. Кроме того, инвестиционный фонд недвижимости (REIT) Simon Property Group, Inc. (SPB: SPG), крупнейший оператор торговых центров, закрыл все торговые центры на территории США с 19 по 29 марта.

]]>
http://www.so-l.ru/news/y/2020_03_25_amerikanskiy_riteyl_verbuet_novobrancev Wed, 25 Mar 2020 12:35:32 +0300
<![CDATA[Points For The Holidays: Will Regifting Rewards Help Nordstrom, Sally And Others In 2019?]]> http://www.so-l.ru/news/y/2018_11_29_points_for_the_holidays_will_regifting Thu, 29 Nov 2018 17:51:00 +0300 <![CDATA[‘The Ellen Show’: When Is the 12 Days of Giveaways in 2018?]]>

Ellen DeGeneres is popular | Twitter via Getty Images

Ellen DeGeneres is known for her warmth, her comedy, her dancing, her celebrity scares, and, yes, her generosity. The comedian turned talk show host inspires us with random acts of kindness, thoughtful (and thought-provoking) messages about love and positivity, and philanthropic gestures. When we aren’t laughing at her antics, we’re awed by her capacity to give.

Although Ellen has been known to pay off people’s debt and help struggling families make Christmas special, she’s also known to go full Oprah and treat her entire audience to major prizes in the giving spirit of the holiday season. This annual event is Ellen’s 12 Days of Giveaways, and this year’s rendition has already begun! Read on to learn more about the event, the prizes, and how you can get in on the excitement even if you can’t be a member of Ellen’s live audience.

What is Ellen’s 12 Days of Giveaways?

Ellen’s 12 Days of Giveaways is pretty self-explanatory. Over the course of 12 days, Ellen lavishes her audiences with increasingly exciting prize packages that have included electronics, gift cards, and Netflix subscriptions. Of course, Ellen has too much fun with her giveaways and rarely ever sticks to 12 days. In fact, 2018 has already seen Ellen’s 12 Days of Giveaways Preview giveaway as well as her first ever Black Friday giveaway. The preview giveaway included a 5 day, 4-night stay at a luxury resort in Ft. Lauderdale and the Black Friday giveaway included a $300 Nordstrom gift card! Trust us, the cheers that came from the audience could deafen you through your laptop speakers.

When Do the Giveaways Begin?

The giveaways have already started! Officially, the first day of Ellen’s 12 Days of Giveaways was November 26th, but the prize packages were already flowing on Tuesday, November 19th. Based on past giveaways, it’s also very likely that Ellen will throw in a 13th day of giving. In any case, the 12 Days of Giveaways are in full force, so be sure to tune in for more of the excitement.

How Can I Win?

The best part of Ellen’s 12 Days of Giveaways is that you don’t have to be a member of the live audience to win. That’s right, you can win Ellen’s awesome prize packages from the comfort of your home. Just visit Ellentube.com and head to the 12 Days page to get started. Every day you’ll have the opportunity to sign up for a chance to win that day’s prizes. Winners are announced continuously as the 12 Days of Giveaways move forward. Don’t miss the chance to win something extraordinary!

Previous Giveaways & What to Expect

This year’s giveaway items have already included a Go Pro, an Amazon Fire 10 tablet, gift cards worth $500, and a 5-year subscription to Netflix. Looking back, it’s clear that Ellen is on a mission to top herself as every year’s daily prizes become more extravagant. Let’s take a look at some of the best items Ellen has gifted in the past few years.

2017’s Best Giveaways

2017’s 12 Days of Giveaways included the following items:

A 3-Day, 2 Night Stay at Terranea Resort

$500 AMEX Gift Card

65″ Roku TV

5-Night Bahamas Vacation

2016’s Best Giveaways

2016’s 12 Days of Giveaways included the following items:

4 Southwest Round-Trip Passes

Char-Broil Grill Set

$500 Best Buy Gift Card

A Casper Mattress

Every day of Ellen’s 12 Days of Giveaways includes a multitude of exciting prizes that inspire shock and awe. Tune in to learn more about Ellen’s giveaways and watch her hilarious show. We’re so excited to see what else she has in store!

Read the original article from The Cheat Sheet]]>
http://www.so-l.ru/news/y/2018_11_28_the_ellen_show_when_is_the_12_days_of Wed, 28 Nov 2018 18:26:44 +0300
<![CDATA[Earnings Roundup: Retailers Surprise Analysts]]> The second quarter of 2018’s earnings season is coming to a close. Now that 96% of the S&P 500’s companies have reported 18Q2 earnings, the index is expected to post the largest second quarter year-on-year (YoY) earnings gains since 10Q2. As the season comes to a close, retailer earnings continue to impress.

Exhibit 1: S&P 500 YoY Growth Rates

The S&P 500 has seen 79.5% of companies report 18Q2 earnings above expectations. This is the highest rate of outperformance on record, going back to 1994 Q1. As a result, 18Q2 YoY earnings expectations have risen to 24.7%, which is the highest second quarter earnings growth rate since 10Q2’s 38.8%. While earnings growth for the quarter benefits from tax cuts, the underlying revenue growth of 9.4% shows that there is real fundamental growth within the index.

Exhibit 2: S&P 500 Retailing Industry Group YoY Growth Rates

Source: Thomson Reuters I/B/E/S

 This quarter the retailing industry group stands out for outperforming expectations. Earnings for the group have come in 16.8% above expectations and earnings are expected to increase 52.7% from the prior year. Revenue came in 1.0% above expectations and is expected to increase 14.0%. A common positive theme among retailers is growth in online business. However, tariffs, freight costs, FX, and wage increases were mentioned as potential headwinds.

Department store Nordstrom Inc. (JWN.N) saw benefits from their online business and an increase in transaction volumes. As a result, the company posted earnings of $0.95 per share, 13.1% above expectations, and up 46.2% from the prior year. Revenue of $4.07 B came in 2.8% higher than estimates and increased 7.2%.

James F. Nordstrom, Nordstrom, Inc. – Executive VP & President of Stores, commented on the changes that online is having on business stating, “In terms of store traffic, we’ve not seen a material change in our store traffic trends for quite a while now, frankly. Certainly, in the last few quarters, it’s been pretty consistent. I think what’s changed, and it has for everybody, is that when a third of your business is done online in any given market, the nature of that traffic is different. A lot of those customers are coming in having already decided what they want to buy because they’ve been shopping on our website, or they’re coming in to get alterations on something they bought on Nordstrom.com or any number of different versions of a digital-to-in-store experience. And so part of our big opportunity is looking at our stores and figuring out how do we need to evolve the staffing model, the layout, the services and experiences that we offer in those stores to continue to be relevant to that customer who spent some time shopping on our website.”

General merchandiser Target Corporation (TGT.N) also benefited from online sales, and reported digital sales growth above 40%. Strong traffic in both in-store and digital helped the Target beat on both the top and bottom line. Revenue of $17.78 M came in 2.7% above estimates and was up 8.2% from the prior year. On the bottom line, earnings of $1.47 per share beat expectations by 5.1% and increased 19.5% YoY. While Target’s overall earnings call was upbeat, Brian C. Cornell, Target Corporation – Chairman & CEO, highlighted concerns related to tariffs stating, “Like many of you, we’ve been carefully monitoring recent tariff announcements, and we’re aware of the potential for this situation to further escalate. As we’ve said many times, as a guest-focused retailer, we’re concerned about tariffs because they would increase prices on everyday products for American families. In addition, a prolonged deterioration in global trade relationships could damage economic growth and vitality in the United States.”

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http://www.so-l.ru/news/y/2018_08_24_earnings_roundup_retailers_surprise_ana Fri, 24 Aug 2018 01:26:54 +0300
<![CDATA[Nordstrom declares $0.37 dividend]]> http://www.so-l.ru/news/y/2018_02_22_nordstrom_declares_0_37_dividend Wed, 09 May 2018 00:22:24 +0300 <![CDATA[Dillard's Rallies 35% in 3 Months: What's Driving the Stock?]]> Dillard’s Inc. DDS has been moving up the charts mainly due to a robust surprise trend backed by various strategic actions. Notably, the company’s fourth-quarter fiscal 2017 results marked its third-earnings beat in the last four quarters. Moreover, the company delivered positive sales surprise for three consecutive quarters.

This robust performance has driven shares of Dillard’s up 35.3% in the last three months, significantly outperforming the industry’s 17% growth. Moreover, this Zacks Rank #1 (Strong Buy) stock witnessed a rise of 13.3% following fourth-quarter results on Mar 27. This also marks a notable improvement from the industry’s 1.5% upside.



Growth Catalysts

Dillard’s has created a niche position in the industry by its stringent focus on offering fashionable products to its customers and adding value through exceptional customer care service. We believe that the company’s strategy of offering fashion-forward and trendy products acts as a catalyst for attracting more customers.

The company is well positioned to benefit from growth opportunities in both its brick-and-mortar stores and e-commerce business, which is likely to aid in retaining existing customers and attracting new ones. On one hand, the company will gain by enhancing brand relations, focusing on in-trend categories, store remodels and rewarding store personnel. On the other hand, some of the strategies to boost growth across its e-commerce business include enhancing merchandise assortments and effective inventory management.

We expect the company’s top and bottom lines to gain from its focus on increasing productivity at existing stores, developing a leading omni-channel platform and enhancing domestic operations in the long term.

Further, Dillard’s boasts a healthy cash position which provides it the financial flexibility to take up shareholder-friendly moves as well as engage in store and online business expansion. In fiscal 2017, the company generated net cash flow from operations of $274.2 million and incurred $9.4 million in dividends. Moreover, it repurchased 4.1 million shares for about $219 million in fiscal 2017. As of Feb 3, 2018, Dillard’s had an authorization worth $34.8 million remaining under its $500 million buyback program.

All these efforts led the company to deliver another strong quarter in fourth-quarter fiscal 2017. Notably, both top and bottom lines surpassed estimates and improved year over year in the quarter, driven by the persistence of the positive trends witnessed in the third quarter into the fourth quarter. Earnings growth came on the back of solid comparable store sales (comps) increase, along with higher gross margins and relative expense management. Sales gained from strength across its ladies’ apparel, juniors' and children's apparel, and men's apparel and accessories categories.

Dillard's, Inc. Price, Consensus and EPS Surprise

Dillard's, Inc. Price, Consensus and EPS Surprise | Dillard's, Inc. Quote

Looking for Trending Retail Picks? Check These

Other top-ranked stocks in the retail sector include Macy’s Inc. M sporting a Zacks Rank #1, and Kohl’s Corporation KSS and Nordstrom Inc. JWN both carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Macy’s, with long-term earnings per share growth rate of 8.5%, has surged 41.3% in the last six months.

Kohl’s has advanced a substantial 47.4% in the last six months. The stock has a long-term growth rate of 6.7%.

Nordstrom has a long-term EPS growth rate of 6%. Further, the stock has returned 9.6% in the last six months.

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http://www.so-l.ru/news/y/2018_04_02_dillard_s_rallies_35_in_3_months_what Mon, 02 Apr 2018 15:57:00 +0300
<![CDATA[Why Is Nordstrom (JWN) Down 4.1% Since its Last Earnings Report?]]> It has been about a month since the last earnings report for Nordstrom, Inc. JWN. Shares have lost about 4.1% in that time frame.

Will the recent negative trend continue leading up to its next earnings release, or is JWN due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.

Nordstrom Misses on Q4 Earnings, Issues FY18 View
    
Nordstrom posted fourth-quarter fiscal 2017 results and also provided guidance for fiscal 2018.

In the reported quarter, the company’s adjusted earnings of $1.20 per share missed the Zacks Consensus Estimate of $1.24. On a GAAP basis, the bottom line came in at 89 cents per share compared with $1.15 in the year-ago quarter.

Revenues

Total revenues advanced 8.9% to $4,702 million. While the company’s net Retail sales increased 8.4% to $4,600 million, Credit Card revenues surged 39.7% to $102 million. The Zacks Consensus Estimate for fourth-quarter revenues was pegged at $4,621 million.

Furthermore, total comparable-store sales (comps) rose 2.6%. Moreover, the company’s results reflected significant progress on its digital strategy.

Net sales at Nordstrom full-line stores (including the U.S. and Canada full-line stores, and Nordstrom.com and Trunk Club) were up 6.4%, with comps rising 2.4%. Notably, the best-performing merchandising categories were Men's and Kids' Apparel.

Coming to Nordstrom Rack (that includes Nordstrom Rack stores and Nordstromrack.com/HauteLook) net sales advanced 15% while comps increased 3.7%.

Operational Update

Nordstrom's Retail gross profit margin contracted 42 bps to 35.6% mainly on account of increased occupancy expenses related to new store expansion for Nordstrom Rack, and in Canada and the New York City Men’s flagship. Further, inventory rose 6.9% while merchandise margin met the company's expectations reflecting persistent momentum in regular price selling trends.

Selling, general and administrative (SG&A) expenses, as a percentage of sales, improved 243 bps to 30.1% mainly driven by increased marketing, technology and supply chain costs related to the company's growth efforts.

Store Update

As of Feb 3, 2018, Nordstrom operated 366 stores in 40 states. These include 122 full-line stores in the United States, Canada and Puerto Rico, 232 Rack outlets, two Jeffrey boutiques, two clearance stores, seven Trunk Club clubhouses as well as Nordstrom Local service concept.

In fiscal 2018, management intends to inaugurate 12 Nordstrom Racks and one full-line store, with plans to relocate one Rack store.  

Financials

Nordstrom ended the quarter with cash and cash equivalents of $1,181 million, long-term debt net of current liabilities of $2,681 million and total shareholders’ equity of $977 million.

In fiscal 2017, management bought back 4.6 million shares worth $206 million. Following this, nearly $414 million remained under the current buyback authorization. Further, it does not intend to buy back any shares owing to the possibility of going private deal.

Nordstrom generated $1400 million in cash from operating activities and free cash flow of $383 million in fiscal 2017. Capital expenditures in the year were $670 million. For fiscal 2018, the same is projected to be roughly $740 million.

Guidance

Management issued guidance for fiscal 2018. Net sales are projected in the band of $15.2-$15.4 billion, with comps growth in the 0.5-1.5% range.

Further, the company expects EBIT to lie between $885 million and $940 million, which is likely to be reduced by roughly $30 million due to the revenue recognition accounting changes.

Based on the above iterations, the company now envisions fiscal 2018 earnings per share in the range of $3.30-$3.55, excluding the impact of share repurchases.

How Have Estimates Been Moving Since Then?

It turns out, fresh estimates flatlined during the past month. There have been two revisions higher for the current quarter compared to two lower. In the past month, the consensus estimate has shifted by 6.4% due to these changes.

Nordstrom, Inc. Price and Consensus

VGM Scores

At this time, JWN has an average Growth Score of C, a grade with the same score on the momentum front. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

Based on our scores, the stock is more suitable for value investors than those looking for growth and momentum.

Outlook

JWN has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.


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Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_04_02_why_is_nordstrom_jwn_down_4_1_since_i Mon, 02 Apr 2018 10:24:00 +0300
<![CDATA[You Don't Want To Miss These Cult-Favorite Beauty Products That Are On Sale Now]]> http://www.so-l.ru/news/y/2018_03_30_you_don_apos_t_want_to_miss_these_cult_f Fri, 30 Mar 2018 12:47:00 +0300 <![CDATA[GameStop (GME) Tops on Q4 Earnings & Sales, Guides for '18]]> GameStop Corp. GME reported fourth-quarter fiscal 2017 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. The company’s results were driven by Nintendo Switch’s stellar performance in the quarter.

In the quarter under review, adjusted earnings came in at $2.02 per share surpassing the Zacks Consensus Estimate of $1.96 but decreased 15.1% from the year-ago period. Also, net sales were up 15% year over year to $3,502.5 million, which outpaced the consensus estimate of $3,253 million.

The company’s sales were driven by robust demand for Nintendo Switch, and collectibles and software. International sales were also strong during the quarter. Further, GameStop witnessed sharp increase in worldwide omni-channel sales.

Let’s Delve Deeper

Consolidated comparable store sales (comps) increased 12.2%, reflecting a gain of 8.3% at international locations and 14.2% at domestic locations.

By sales mix, new video game hardware sales jumped 44.8% to $844 million while new video game software sales were up 12.4% to $1,042.3 million. However, pre-owned and value video game products sales came in at $663.1 million, down 2.6% year over year. Increase in new hardware sales were driven by solid demand for Nintendo Switch while new software sales increased on account of robust title lineup.

Video game accessories sales jumped 37.4% to $327.7 million. While non-GAAP digital receipts increased 10.6% to $413 million, GAAP digital sales rose 7.3% to $61.4 million.

Technology Brands sales were down 14.2% to $219.7 million due to alteration in AT&T’s dealer compensation structure. Additionally, the company stated that performance of Technology Brands was not up to the mark in fiscal 2017 and fell short of its estimates primarily on delay in release of the iPhone 8 and iPhone X as well as due to change in compensation structure by AT&T. The company said similar situation will persist in the first half of fiscal 2018.

Nevertheless, Collectibles sales surged 22.8% to $260.8 million buoyed by growth of licensed merchandise offerings and promotions during holiday season.

GameStop intends to enhance collectibles business to $1 billion by the end of fiscal 2019. Earlier, management had stated that it remains optimistic about non-physical gaming businesses and expects this category to reach approximately 50% of operating earnings by the end of fiscal 2019.

While gross profit inched up 1.6% to $ 1,024.5 million, gross margin contracted 380 basis points (bps) to 29.3%. Adjusted operating income declined 9.7% to $309.8 million while adjusted operating margin shriveled 250 bps to 8.8%.

 

GameStop Corp. Price, Consensus and EPS Surprise

 

 

Store Update

In fiscal 2017, GameStop shuttered a net of 131 video game stores globally, ending the year with 3,827 video game stores in the United States and 1,969 internationally. The company closed 80 net technology brands store and sold 65 Cricket stores. At the end of 2017, the company has 1,329 AT&T stores and 48 Simply Mac stores. Also, it opened 17 collectible stores and now has 103 stores.

Other Financial Aspects

GameStop ended the quarter with cash and cash equivalents of $864.4 million, net receivables of $182.7 million, long-term debt of $817.9 million and shareholders’ equity of $2,214.5 million.

For fiscal 2018, management projects capital expenditures in the range of $110-$120 million and free cash flow to be approximately $300 million.

 



Guidance

GameStop expects fiscal 2018 total sales to be down 6% to 2% and projects comps to be flat to down 5%. For the year, management envisions earnings in the range of $3–$3.35 per share. The Zacks Consensus Estimate for fiscal 2018 is pegged at $3.32.

In fiscal 2018, the company anticipates collectibles business to register growth but expects video game business to decrease by mid-single digits.

GameStop carries a Zacks Rank #4 (Sell), which is subject to change following the earnings announcement. The stock has declined 30.8% in the past six months, underperforming the industry’s gain of 11.6%.

Three Retail Stocks Likely to Steal the Show

Dillard's, Inc. DDS delivered a positive earnings surprise in the trailing two quarters. The company sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Kohl's Corporation KSS pulled off an average positive earnings surprise of 12% in the trailing four quarters. The company has a long-term earnings growth rate of 6.7% and a Zacks Rank #2 (Buy).

Nordstrom, Inc. JWN has delivered a positive earnings surprise in the trailing three out of four quarters. The company carries a Zacks Rank of 2.

Investor Alert: Breakthroughs Pending

A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.

Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.

Click here to see them >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Nordstrom, Inc. (JWN): Free Stock Analysis Report
 
GameStop Corp. (GME): Free Stock Analysis Report
 
Dillard's, Inc. (DDS): Free Stock Analysis Report
 
Kohl's Corporation (KSS): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_29_gamestop_gme_tops_on_q4_earnings_sal Thu, 29 Mar 2018 18:15:00 +0300
<![CDATA[Rite Aid (RAD) Completes Agreed Store Transfers to Walgreens]]> Rite Aid Corporation RAD successfully completed the transfer of all stores and related assets to Walgreens Boots Alliance Inc. WBA under its amended and restated asset purchase agreement. As of Mar 27, 2018, it transferred all 1,932 stores and related assets to Walgreens for net cash proceeds of $4.157 billion.

With the cash proceeds, management has been lowering debt, thus, solidifying its liquidity position. Per the agreement, Walgreens decided to buy 1,932 Rite Aid stores, three distribution centers and related inventory in an all-cash deal of $4.4 billion. While the transfer of stores and related assets is complete, the company plans to transfer the three distribution centers and related inventory, starting Sep 1, 2018.

The company stated that majority of the closing conditions for the deal have been met and only a few conditions applicable to the distribution centers need to be satisfied.

Additionally, Rite Aid revealed that it has ended the tax benefits preservation plan, which was announced on Jan 3, 2018. This plan helped the company to save nearly $2.2 billion of its operating losses. The plan was initially set to expire on Jan 3, 2019.

The completion of the transfer of stores to Walgreens significantly boosted Rite Aid’s stock price, which rallied 12.8% on Mar 28. However, this Zacks Rank #3 (Hold) stock declined 15.3% in the last three months, wider than the industry’s fall of 10.7%.



Following the transfer of stores to Walgreens, Rite Aid, with more than 2,500 stores, is set to carry out the previously agreed proposal to merge with the country’s largest grocer, Albertsons Companies. Per the deal, Rite Aid shareholders have the choice to opt for Albertsons’ shares and cash or only the company’s shares.

For every 10 Rite Aid shares, shareholders can get one Albertsons share and $1.83 in cash or 1.079 Albertsons shares. This will leave Rite Aid shareholders with about 28-29.6% stake in the combined company, subject to the outcome of the cash elections. Meanwhile, Albertsons’ shareholders will own nearly 70.4-72% stake in the combined company.

The combined company is expected to generate annual revenues of about $83 billion. Further, the new entity anticipates delivering annual run-rate cost savings of $375 million in the next three years. Of these, the companies expect to realize nearly 60% of the cost synergies in the first two years after closing the transaction. Additionally, the companies anticipate identifying about $3.6 billion of potential revenue opportunities.

Looking for More Solid Picks? Check These

Investors can count upon some better-ranked stocks in the retail sector, including The Gap, Inc. GPS and Nordstrom, Inc. JWN, each carrying a Zacks Rank #2 (Buy).  You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Gap, with long-term earnings growth rate of 8%, has delivered an average positive earnings surprise of 11.1% in the trailing four quarters.

Nordstrom, with long-term earnings growth rate of 6%, has come up with an average positive earnings surprise of 16.8% in the trailing four quarters.

Investor Alert: Breakthroughs Pending

A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue and even more wondrous products are in the pipeline.

Cures for a variety of deadly diseases are in sight and so are big potential profits for early investors. Zacks names 5 stocks to buy now.

Click here to see them >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
The Gap, Inc. (GPS): Free Stock Analysis Report
 
Nordstrom, Inc. (JWN): Free Stock Analysis Report
 
Rite Aid Corporation (RAD): Free Stock Analysis Report
 
Walgreens Boots Alliance, Inc. (WBA): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_29_rite_aid_rad_completes_agreed_store_tr Thu, 29 Mar 2018 18:02:00 +0300
<![CDATA[Gwyneth Paltrow: All the Times Goop Sparked Outrage]]> Gwyneth Paltrow went from winning an Oscar to building a lifestyle brand. Goop focuses on health, beauty, style, and work. But it has mostly made headlines for its wellness advice. The brand has gotten backlash for promoting very expensive items with questionable benefits.

But what are the biggest controversies? Some led to Goop changing its original posts and others went all the way to court. Here are seven times Goop sparked outrage.

1. The Jade egg is dismissed by OB/GYNs

A jade egg and pouch.

This might not be a good idea. | Goop

The lifestyle company promotes the Jade egg, claiming Chinese queens and concubines would use them to “stay in shape for emperors.”  The website also claims the egg is used to “harness the power of energy work and crystal healing.”

The egg is to be inserted into the vagina. When the writer of the article who tried the Jade egg is asked about the benefits, she answers, “Jade eggs can help cultivate sexual energy, clear chi pathways in the body, intensify femininity, and invigorate our life force. To name a few!”

This sparked a lot of outrage. Goop was even awarded the “Rusty Razor” by The Skeptic Magazine partially because of the promotion of the Jade egg claiming it is “pseudoscientific nonsense.” Doctors also publicly dismissed Goop’s claims.

Dr. Jen Gunter, a San Francisco OB/GYN told Gizmodo UK multiple reasons why the claims are concerning. “For one, this is a porous rock you’re putting in there,” explained Gunter. “Not medical-grade silicon, and who knows what bacteria can lodge in those nooks and crannies. Then there’s also this magical belief that putting something inside you can do something to your aura or chi.”

2. The Body Vibes stickers are refuted by NASA

Body Vibe Stickers on a model.

NASA refuted this claims. | Goop

Again Goop was in the hot seat when it wrote about Body Vibes stickers, which claim to rebalance energy frequency in a person’s body. The website claims the body’s energy frequency can be thrown off by stress and anxiety so this is to correct that. It also claims there is the side effect of a mark being left on the skin if the sticker is left on for three days.

Body Vibes previously claimed that NASA used it on their “space suit material” to rebalance their bodies. This led to NASA coming forward to say this isn’t true. A representative from NASA told Gizmodo they “do not have any conductive carbon material lining the spacesuits.”

Goop later had to pull the claim that NASA used their technology on their website.

3. Goop health claims of vagina steaming are refuted

A steam room with a built in bench.

Experts recommend you steer clear of this controversial treatment. | Goop

The lifestyle website lists Tikkun Spa as a travel destination, partially because of its Mugworth V-Steam treatment. It’s described like this: “You sit on what is essentially a mini-throne, and a combination of infrared and mugwort steam cleanses your uterus, et al. It is an energetic release — not just a steam douche — that balances female hormone levels.”

This is another claim that made rounds, and medical professionals went against this advice. OB/GYN 

 Steam is probably not good for your vagina. Herbal steam is no better and quite possibly worse. It is most definitely more expensive. 

4. Truth in Advertising (TINA) accuses Goop of publishing over 50 instances of dubious claims

Gwyneth Paltrow smiles while holding a microphone.

Gwyneth Paltrow is infamous for her expensive and obscure health obsessions. | Vivien Killilea/Getty Images

The watchdog group advised that California regulators investigate Goop in a complaint letter, due to over 50 instances of claiming products “treat, cure, prevent, alleviate the symptoms of, or reduce the risk of developing a number of ailments,” according to Fortune.

A spokesperson of Goop told BuzzFeed the letter is “misleading,” and the accusation is “unsubstantiated and unfounded.”

5. Goop publishes doctor whose claims about vegetables are later refuted

Winter squash on a table.

The blog almost caused quite an unnecessary scare. | Jatrax/iStock/Getty Images

Goop contributor, Dr. Steven Gundry, M.D.,  who focuses on autoimmunity is published in the article, “Are We Wrong About What Makes Food Healthy?” There, he focuses on lectin, which is found in many foods that are considered healthy. He claims lectin “can have toxic or inflammatory effects,” which can lead to weight gain.

The article then asks what foods should be avoided, and the list includes American grains and out-of-season fruit. They also advise to cut back on grains, squashes, beans, and nightshades. But other nutritionists also publicly pushed back on this advice.

“For most people, avoiding the foods that contain lectin is unnecessary,” said Dr. Frankie Phillips, of the British Dietetic Association, according to The Daily Mail “we are well-equipped physiologically to manage them.” Phillips continued, “In fact, cutting out these foods could lead to a substantial decrease in dietary fibre intake.”

6. Goop’s food stamp challenge is accused of being unrealistic and insensitive

Gwyneth Paltrow's groceries.

Critics believed she didn’t take the challenge seriously. | Gwyneth Paltrow via Twitter

The company is often seen as out of touch not only because the medical advice has been torn apart by medical professionals, but because the products it promotes are so expensive. So many couldn’t believe that Paltrow and others in her office dared to do a “food stamp challenge” and document it on Goop. It was to raise awareness for Food Bank For New York City.

The Oscar winner claimed to try to buy food with just $29 for one week. She posted a picture of the food she got with that budget. Many pointed out that the food pictured couldn’t last a person or family for a full week. They were right, and she later gave an update.

Paltrow wrote:

As I suspected, we only made it through about four days when I personally broke and had some chicken and fresh vegetables (and in full transparency, half a bag of black licorice). My perspective has been forever altered by how difficult it was to eat wholesome, nutritious food on that budget, even for just a few days — a challenge that 47 million Americans face every day, week, and year.

Although the challenge was to raise awareness, many called the actress out on social media for attempting to do the challenge and potentially give condescending advice.

7. Goop is accused of ripping off columnist

Gwenyth Paltrow signs a book and smiles.

Why is Goop always involved in scandal after scandal?  | Mat Hayward/Getty Images for Nordstrom

The website didn’t just have watchdog groups and medical professionals come after it — but a columnist too! Goop was sued by nutritionist Charles Platkin who claimed the trademark name of his column, The Diet Detective, was being infringed upon by the site.

According to the New York Post, Platkin claimed he reached out to Goop to tell them to stop running their column under the same name, but they didn’t. He then claimed his attempt to negotiate was refused. The whole thing was later resolved quietly between the two parties.

Follow Nicole Weaver on Twitter @nikkibernice.

Check out The Cheat Sheet on Facebook!

Read the original article from The Cheat Sheet]]>
http://www.so-l.ru/news/y/2018_03_29_gwyneth_paltrow_all_the_times_goop_spar Thu, 29 Mar 2018 16:22:00 +0300
<![CDATA[Top Ranked Income Stocks to Buy for March 29th]]> Here are four stocks with buy rank and strong income characteristics for investors to consider today, March 29th:

Penske Automotive Group, Inc. (PAG): This transportation services company has witnessed the Zacks Consensus Estimate for its current year earnings surging 7.6% over the last 60 days.

This Zacks Rank #2 (Buy) company has a dividend yield of 3.19%, compared with the industry average of 0.00%. Its five-year average dividend yield is 2.12%.

Canon Inc. (CAJ): This seller of business equipment has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days.

Canon, Inc. Price and Consensus

Canon, Inc. Price and Consensus

Canon, Inc. price-consensus-chart | Canon, Inc. Quote

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 3.86%, compared with the industry average of 1.12%. Its five-year average dividend yield is 3.87%.

Canon, Inc. Dividend Yield (TTM)

Canon, Inc. Dividend Yield (TTM)

Canon, Inc. dividend-yield-ttm | Canon, Inc. Quote

Nordstrom, Inc. (JWN): This fashion retailer has witnessed the Zacks Consensus Estimate for its current year earnings surging 9.3% over the last 60 days.

This Zacks Rank #2 (Buy) company has a dividend yield of 3.12%, compared with the industry average of 0.00%. Its five-year average dividend yield is 2.48%.

Nordstrom, Inc. Dividend Yield (TTM)

Nordstrom, Inc. Dividend Yield (TTM)

Nordstrom, Inc. dividend-yield-ttm | Nordstrom, Inc. Quote

PotlatchDeltic Corporation (PCH): This REIT involved in acres of timberland has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.6% over the last 60 days.

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 3.03%, compared with the industry average of 0.36%. Its five-year average dividend yield is 3.65%.

Potlatch Corporation Dividend Yield (TTM)

Potlatch Corporation Dividend Yield (TTM)

Potlatch Corporation dividend-yield-ttm | Potlatch Corporation Quote

See the full list of top ranked stocks here

Find more top income stocks with some of our great premium screens.

Investor Alert: Breakthroughs Pending

A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.

Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.

Click here to see them >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Potlatch Corporation (PCH): Free Stock Analysis Report
 
Penske Automotive Group, Inc. (PAG): Free Stock Analysis Report
 
Nordstrom, Inc. (JWN): Free Stock Analysis Report
 
Canon, Inc. (CAJ): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_29_top_ranked_income_stocks_to_buy_for_marc Thu, 29 Mar 2018 14:49:00 +0300
<![CDATA[Who Really Bit Beyoncé? New Details About Tiffany Haddish’s Story]]> Beyoncé Knowles-Carter has been at the center of many mysteries. Why did her sister end up getting into an altercation with her husband in an elevator? How did she drop an entire album without a rumor to be spread to the public beforehand?

But the latest mystery might be the strangest. Tiffany Haddish claims that someone bit the singer at a party, and now everyone wants to know who did it. So what is going on and who has come forward to deny it? Here are seven things to know about who really bit her — including who multiple sources have pointed to (page 8.)

1. Tiffany Haddish claims an actress bit Beyoncé’s face at a party

Tiffany Haddish

Tiffany Haddish shared the bizarre story in an interview. | Dia Dipasupil/Getty Images for BET

The whole mystery started with Haddish telling the crazy party story in an interview with GQ. “There was this actress there,” she said, “that’s just, like, doing the mostest.” She continued, “She bit Beyoncé in the face.”

Obviously, this didn’t go over well with Knowles-Carter. “So Beyoncé stormed away,” said Haddish. “[She] went up to Jay-Z, and was like, ‘Jay! Come here! This b*tch—’ and snatched him. They went to the back of the room. I was like, ‘What just happened?’ And Beyoncé’s friend walked up and was like, ‘Can you believe this b*tch just bit Beyoncé?’”

The party continued, but Haddish said she talked to the singer again, “Beyoncé’s at the bar, so I said to Beyoncé, ‘Did she really bite you?’ She was like, ‘Yeah.’ I was like, ‘She gonna get her a** beat tonight.’ She was like, ‘Tiffany, no. Don’t do that. That b*tch is on drugs. She not even drunk. The b*tch is on drugs. She not like that all the time. Just chill.’”

Next: This actress tweeted to deny the claim it was her.

2. Lena Dunham denies biting Beyoncé

Lena Dunham

Lena Dunham says she wasn’t the culprit. | Emma McIntyre/Getty Images

Fans began guessing who was the person who reportedy bit the singer. One common guess was Lena Dunham so the actress tweeted to defend herself.

As the patron saint of  ‘She would do that…’ I didn’t,” she tweeted.

Next: This tv host said she had to check with her husband to make sure it wasn’t her.

3. Chrissy Teigen said it wasn’t her

Chrissy Teigen attends Lip Sync Battle Live: A Michael Jackson Celebration at Dolby Theatre on January 18, 2018 in Hollywood, California.

Chrissy Teigen denies being the biter. |  Tara Ziemba/Getty Images

The Lip Sync Battle co-host also tweeted that she wasn’t the biter. “You know how much sh*t I have said and done to famous people?? I had to verify with john it wasn’t *me*.”

But that’s not all. She was also invested in finding out who it was.

Next: Teigen went on to say her original guess was wrong.

4. Teigen went on to say she knows who it was

Chrissy Teigen attends the 'Monster' Premiere during the 2018 Sundance Film Festival at Eccles Center Theatre on January 22, 2018 in Park City, Utah.

She’s one of the few who know theater’s identity. | Nicholas Hunt/Getty Images

The model was also tweeting trying to figure out who it was. She first tweeted “I can only think who would do this. but I cannot say. but she. . . .is the worst.”

She later followed up, by confirming that though her guess was wrong, she does now know who the biter is. “My initial guess was wrong. The real person? I *never* would have guessed. I’VE SAID TOO MUCH,” she wrote.

Next: Teigen also denied that it was this actress.

5. Teigen also denied that it was Gwyneth Paltrow

Gwyneth Paltrow is also a popular guess, although Chrissy Teigen denies it. | Mat Hayward/Getty Images for Nordstrom

When another fan tweeted at Teigen, asking if the person she had classified as “as the worst” was Gwyneth Paltrow, the star tweeted back, “no I love her!”

Next: Haddish also denied it was this actress.

6. Haddish said it wasn’t Taraji P. Henson

Taraji P. Henson wasn’t the biter either, despite rumors. | Bennett Raglin/Getty Images

When some were reporting that it was the Empire actress who bit the singer, Haddish was quick to come to her defense. She tweeted, “No it wasn’t.”

Next: This model said it couldn’t have been her because she can’t get close to the music icon.

7. Sara Foster also denies being the biter

Sara Foster says she can’t even get that close to Beyonce. | Frazer Harrison/Getty Images for VH1

The model was also reportedly at the party, so many guessed she could be the possible culprit. But she denied it, posting on Instagram, “I wish I could get close enough to Beyoncé to bite her.”

Next: Multiple sources claim it was this actress but she has denied it.

8. Sanaa Lathan shuts down rumors she’s the biter

WEST HOLLYWOOD, CA - MARCH 16: Actress Sanaa Lathan arrives at a screening and Q&amp;A for FOX TV's "Shots Fired" at the Pacific Design Center on March 16, 2017 in West Hollywood, California. (Photo by Kevin Winter/Getty Images)

Rumor has it that Sanaa Lathan is the real biter. | Kevin Winter/Getty Images

There were many rumors that Sanaa Lathan was the biter. According to TMZ, multiple sources close to Haddish said the comedian told them it was Lathan.

However, the actress tweeted “Y’all are funny. Under no circumstances did I bite Beyonce and if I did it would’ve been a love bite 💋

Follow Nicole Weaver on Twitter @nikkibernice.

Check out The Cheat Sheet on Facebook!

Read the original article from The Cheat Sheet]]>
http://www.so-l.ru/news/y/2018_03_28_who_really_bit_beyonc_new_details_abou Wed, 28 Mar 2018 18:55:02 +0300
<![CDATA[Nordstrom (JWN) Fortifies Footprint in Digital Arena]]> Nordstrom, Inc. JWN, which consistently adapts to the evolving retail industry, is not far behind in the retailers’ race to aggressively expand presence in the online and digital arena to offer a seamless shopping experience. The company’s efforts to expand digitally are essential to thwart the increasing dominance of the online giant Amazon.com, Inc. AMZN.

In addition to making investments in the digital technology, the company is embracing omni-channel functionalities to retain the importance of physical stores in an era where brick-and-mortar retailing is losing ground. For this, the company stays focused on expanding and renovating outlets to provide better customer engagement.
 
Steps Taken to Boost Digital Growth

Nordstrom has long been making investments to boost the shopping experience of customers. Of late, it purchased two major retail technology entities — BevyUp and MessageYes — to cater to customers preferring online shopping. While BevyUp is a leading digital selling device, MessageYes is an iconic platform for conversational trading.  These investments will be integrated into Nordstrom’s portfolio to expedite consumer’s personalized needs and accelerate business growth.

The BevyUp digital tool will be consolidated into Nordstrom’s latest and integrated mobile employee app, in the coming year. In addition, the company will supply its salespersons a mobile suite of facilities that will allow them to stay informative and easily available to customers.

Notably, Nordstrom has been persistently focusing on personalized shopping. The devices will help augment this further and enable the company to efficiently cater to customers in a digitally-connected world.

Additionally, Nordstrom is on track to integrate its digital and physical assets to create innovative and multiple ways for customers to shop. The company is focused on advancing in the technology space by boosting e-commerce and digital networks as well as improving its supply-chain channels and marketing efforts.

The company’s fourth-quarter fiscal 2017 results reflected significant progress on its digital strategy, which drove the company’s top line.

Store Expansion Plans

Apart from enhancing its presence in the digital world, Nordstrom stays committed to opening new stores and driving the top line growth. Notably, the company has successfully completed its planned full-line store expansion in Canada by opening six outlets in the country. In 2018, the company is keen on introducing Nordstrom Racks in Canada with plans to open six Rack stores. Overall, the company envisions a $1-billion sales opportunity from its expansion in Canada by 2020. It is also on track with domestic store expansion, as it is scheduled to open six Rack stores in the United States.

In fact, the company launched Nordstrom Local in 2017, which is a modern retailing concept store that does not stock merchandise. This latest concept is quite different from the traditional retail approach and is a neighborhood store, where the company’s services are easily available in a centralized location.



All said, we believe Nordstrom is aggressively making headway to safeguard its position in the evolving retail space, particularly in digital growth.

Other retailers that are fortifying their presence are Target Corp. TGT and Walmart Inc. WMT.

Price Performance

Shares of Nordstrom reflect 8.7% upside in the past year, against the industry’s gain of 3.4%. The company carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
 
Nordstrom, Inc. (JWN): Free Stock Analysis Report
 
Walmart Inc. (WMT): Free Stock Analysis Report
 
Target Corporation (TGT): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_28_nordstrom_jwn_fortifies_footprint_in_d Wed, 28 Mar 2018 18:50:00 +0300
<![CDATA[RH Q4 Earnings Beat Estimates, Membership Model Bodes Well]]> RH RH posted strong fourth-quarter 2017 results, with shares gaining a solid 14.7% during after-hours trading. The new membership model — RH Members Program — is improving its brand image, streamlining operations and enhancing customer experience. The company’s efforts to redesign its supply chain network and rationalize product offerings bode well.

RH reported fourth-quarter fiscal 2017 earnings per share of $1.69, surging 149% from the prior-year quarter. Also, earnings surpassed the Zacks Consensus Estimate of $1.56 by 8.3%.

Revenues increased 14% to $670.3 million but missed the consensus mark of $671.5 million. RH’s comparable brand revenues inched up 2% year over year, against 18% decline in the prior-year quarter. The company’s direct revenues rose10%, while store revenues increased 18% from the year-earlier quarter.

Margins

Adjusted operating income of $75.1 million in the reported quarter improved from the prior-year quarter’s figure of $50.9 million. Adjusted operating margin expanded 26 basis points (bps) to 11.2%. Adjusted gross profit was $257.5 million, up 25.9% year over year. Adjusted gross margin improved 390 bps to 38.5%.

Store Update

As of Feb 3, 2018, RH operated 84 retail galleries, slightly lower than 85 in the prior-year quarter. These include 47 legacy galleries, six large format galleries, 10 next generation design galleries, one RH Modern Gallery and four Baby & Child galleries in the United States and Canada, respectively, along with 15 Waterworks showrooms in the United States and the U.K.

Restoration Hardware Holdings Inc. Price, Consensus and EPS Surprise

 

 

Fiscal 2017 Highlights

Revenues increased 14% to $2.44 billion and adjusted diluted earnings per share of $3.05 surged 140% year over year.

Balance Sheet

RH had cash and cash equivalents of $17.9 million as on Feb 3, 2018, compared with $87 million as on Jan 28, 2017. The company ended the quarter with merchandise inventories worth $527 million, compared with $752.3 million as on Jan 28, 2017.

First-Quarter Outlook

Revenues are projected in the range of $555-$565 million.

Adjusted gross margin is projected in the band of 36.4-36.8%. Adjusted operating margin is expected in the range of 7.6-8.1%.

Adjusted SG&A, as a percentage of revenues, is expected in the 28.7-28.8% range.

Adjusted earnings per share are projected between 95 cents to $1.05.

Fiscal 2018 Outlook

Net revenues are expected in the $2.53-$2.57 billion range, representing growth of 5-7%.

Adjusted gross margin is projected in the 37.7-38.5% range, while adjusted operating margin is expected in the 9.2-10.2% band, up from the previous estimate of 9-10%.

Adjusted SG&A, as a percentage of revenues, is expected in the 28.3-28.5% range.

Adjusted earnings per share are expected in the $5.45-$6.20 range.

Free cash flow is projected in excess of $250 million, up from the previous estimate of $240 million.

Zacks Rank & Other Key Picks

RH carries a Zacks Rank #2 (Buy).

A few other top-ranked stocks in the Zacks Retail-Wholesale sector include The Gap, Inc. GPS, Nordstrom, Inc. JWN and Boot Barn Holdings, Inc. BOOT.

All the companies carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Gap is likely to witness 23.5% earnings growth in fiscal 2018.

Fiscal 2018 earnings for Nordstrom are expected to increase 15.5%.

Boot Barn Holdings is expected to see 27.3% growth in fiscal 2018 earnings.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


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The Gap, Inc. (GPS): Free Stock Analysis Report
 
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Restoration Hardware Holdings Inc. (RH): Free Stock Analysis Report
 
Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report
 
To read this article on Zacks.com click here.]]>
http://www.so-l.ru/news/y/2018_03_28_rh_q4_earnings_beat_estimates_membershi Wed, 28 Mar 2018 18:00:00 +0300
<![CDATA[Abercrombie Up 33.7% in 3 Months: What's Driving Stock?]]> Abercrombie & Fitch Company ANF is progressing well on its growth path, driven by strategic capital investments, cost-saving efforts along with loyalty and marketing programs. Further, its robust surprise trend, strength in Hollister, return to positive comps trend and strong direct-to-consumer (DTC) business are aiding performance. The positive effects of these elements are clearly visible in its solid stock movement and estimate revisions trend. Additionally, a VGM Score of B makes this Zacks Rank #3 (Hold) company a safe haven.

Stock Surges

Shares of Abercrombie climbed 33.7% in the last three months, outperforming the industry’s decline of 8.9%. Additionally, the stock witnessed solid growth of 14.1% after reporting better-than-expected results on Mar 7.



The company delivered earnings and sales beat in fourth-quarter fiscal 2017, marking the third straight positive earnings surprise and fourth consecutive sales beat. Further, it remains encouraged by comps performance that gained from the rise in traffic and conversion. (Read More: Abercrombie Jumps on Q4 Earnings Beat, Guides for FY18)

Favorable Estimate Revisions

Following the upbeat quarter, the company provided an encouraging view for fiscal 2018 which led to an uptrend in estimates. For fiscal 2018, both comps and sales are projected to be up in low-single digit. Top line gains from the favorable currency rates will be offset by the absence of the additional week sales in 2017.

Favorable foreign currency rate is expected to contribute nearly $50 million to sales and $15 million to operating income in fiscal 2018. Furthermore, it expects core tax rate to be in the mid-to-high 20s range, driven by the recently enacted tax reform.

Abercrombie & Fitch Company Price, Consensus and EPS Surprise

Abercrombie & Fitch Company Price, Consensus and EPS Surprise | Abercrombie & Fitch Company Quote

Consequently, the Zacks Consensus Estimate witnessed an uptrend in the last 30 days. Notably, the Zacks Consensus Estimate for fiscal 2018 and 2019 climbed substantially to 68 cents and 71 cents per share, respectively, from previous estimates of 47 cents and 60 cents.

Going forward, the company remains keen on further improving customer experience by investing in loyalty programs, stores, direct-to-consumer and omni-channel capabilities. Further, it expects to maintain the disciplined approach to expense management for driving top- and bottom-line growth. So, here is a sneak peek into the company’s initiatives which are fueling growth.

Other Catalysts

Abercrombie is making significant progress in expanding digital presence with the growth of direct-to-consumer and omni-channel capabilities. Its investments in mobile, omni-channel and fulfillment have significantly aided the growth of the direct-to-consumer business, which delivered double-digit increase in both the United States and international markets in fourth-quarter fiscal 2017.

Notably, digital engagement with consumers has been the company’s core strength. This is clear from the fact that more than 70% of the DTC traffic came from mobiles in the fourth quarter. Additionally, its investments in DTC are paying off with conversions improving 14% in the fourth quarter.

Overall, the DTC business accounted for nearly 34% of net sales in the fourth quarter, recording 18% increase in comparable sales. In fiscal 2018, the company plans to continue investing in DTC capabilities alongside bringing innovations in this channel, using customer insights and data analytics.

Additionally, Abercrombie is aggressively expanding Hollister stores in new markets. The idea is that the smaller size of operation makes it cheaper and less capital intensive compared with the namesake brand. Growth of the Hollister brand internationally could enhance its overall performance. The Hollister brand reflects persistent positive momentum from previous quarters, reaching the $2 billion mark in sales in fourth-quarter fiscal 2017.

Further, comparable store sales (comps) for the Hollister brand improved 11% in the fourth quarter as it continued to capitalize on the momentum, delivering positive comps in both the United States and international markets. Hollister is gaining from the positive customer response to product innovations, emerging categories and overall customer experience.

Not only this, the company remains focused on streamlining its store-fleet by closing underperforming stores and expanding in markets with growth potential. Store closure gives Abercrombie more flexibility in terms of cost savings, amid a tough environment. Since 2010, it closed more than 400 stores while nearly 60% of its U.S. leases are set to expire in the next two years. This provides significant flexibility to strike the right channel balance and drive efficiency with options to remodel or resize stores, renegotiate leases or close stores.

Looking for More Solid Picks, Check These

Investors can count upon some better-ranked stocks in the same industry like The Finish Line Inc. FINL, The Gap, Inc. GPS and Nordstrom, Inc. JWN, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Finish Line, with long-term earnings growth rate of 10.4%, has reported average positive earnings surprise of 2.6% in the trailing four quarters.

Gap, with long-term earnings growth rate of 8%, has delivered an average positive earnings surprise of 11.1% in the trailing four quarters.

Nordstrom, with long-term earnings growth rate of 6%, has come up with an average positive earnings surprise of 16.8% in the trailing four quarters.

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6% and +67.1%.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

See Them Free>>


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Abercrombie & Fitch Company (ANF): Free Stock Analysis Report
 
The Gap, Inc. (GPS): Free Stock Analysis Report
 
Nordstrom, Inc. (JWN): Free Stock Analysis Report
 
The Finish Line, Inc. (FINL): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_28_abercrombie_up_33_7_in_3_months_what_s Wed, 28 Mar 2018 01:04:00 +0300
<![CDATA[Dollar Tree (DLTR) in Investors' Good Books: Time to Hold?]]> Dollar Tree Inc. DLTR is in investors’ good books, driven by robust comparable store sales (comps) and improved margins. Also, it is benefiting from the integration of Family Dollar. While its top and bottom lines lagged estimates in the most recent quarter, it has delivered positive earnings and sales surprise in the preceding two quarters. However, volatile consumer environment, intense competition and significant global exposure remain impediments.

Notably, shares of Dollar Tree have gained 24.3% in the past year, outperforming the industry’s growth of 12.6%. Let’s analyze the pros and cons of this Zacks Rank #3 (Hold) company.



 

Solid Q4 & Outlook

Despite posting lower-than-expected results, Dollar Tree’s earnings and sales improved year over year in fourth-quarter fiscal 2017. Earnings gained from higher sales, rise in comparable store sales (comps) and higher margins. Meanwhile, sales benefited from a solid performance at both Dollar Tree and Family Dollar stores. Additionally, it witnessed the expansion of both gross and operating margins. While gross margin growth was backed by reduced merchandise costs, lower markdowns and occupancy expenses; operating margin benefited from SG&A leverage.

Going forward, the company provided a robust outlook for first-quarter and fiscal 2018. It forecasts consolidated net sales for the first quarter to be $5.53-$5.63 billion while earnings are envisioned to be $1.18-$1.25 per share. For fiscal 2018, it expects net sales of $22.70-$23.12 billion and earnings of $5.25-$5.60 per share.

Remarkable Comps Growth

Dollar Tree displayed remarkable comps growth for the last several quarters, mainly due to competitive pricing and strategic store expansion plans, including remodeling and relocations. Dollar Tree continues the positive trend with consolidated constant-currency comps growth of 2.4% in fourth-quarter fiscal 2017, which marked the 40th straight quarter of comps growth. The fourth-quarter comps growth can be attributed to improved customer count and average ticket.

While Dollar Tree banner posted comps growth of 3.8% (in constant-currency), comps at the Family Dollar banner climbed 1%. This also marked the third straight quarter of positive comps at Family Dollar, driven by a continued rebuilding of the business. Moreover, the company anticipates comps growth in a low-single-digit range for both the first-quarter and fiscal 2018.

Store-Fleet Growth to Drive Top Line

Currently, Dollar Tree is concentrating on expanding its store base and incorporating technological advancements. This, in turn, enables it to generate healthy sales and gain market share. During fourth-quarter fiscal 2017, it opened 137 new stores and expanded or relocated eight. Moreover, the company opened total 603 stores in fiscal 2017.

For fiscal 2018, the company expects to open nearly 650 new stores, including 350 Dollar Tree and 300 Family Dollar. Further, it plans to undertake renovations of at least 450 Family Dollar stores, relocate or expand nearly 100 stores and re-banner 50 from Family Dollar stores to Dollar Tree. Notably, it remains on track to operate over 10,000 Dollar Tree and over 15,000 Family Dollar outlets across the United States in the long term.

Family Dollar Integration on Track

Dollar Tree is befitting from the ongoing integration of Family Dollar that was acquired in July 2015. The company is undertaking significant store renovation initiatives for Family Dollar to attract more customers. Through the integration, it expects to generate annual run rate synergies worth at least $300 million by the end of the third year of this acquisition.

Conclusion

While all seems well, Dollar Tree has been facing problems regarding highly competitive market and volatile consumer behavior. Also, significant global exposure poses a serious threat to its performance. However, we believe, its strategies will be able to offset these headwinds.

Do Retail-Wholesale Stocks Grab Your Attention? Check These

Interested investors may consider some better-ranked stocks like Burlington Stores Inc. BURL, Dollar General Corporation DG and Nordstrom Inc. JWN, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Burlington Stores delivered an average positive earnings surprise of nearly 15% in the trailing four quarters. It has a long-term earnings growth rate of 18.7%.

Dollar General pulled off an average positive earnings surprise of 2.3% in the trailing four quarters. In addition, it has a long-term earnings growth rate of 14.6%.

Nordstrom, with a long-term earnings growth rate of 6%, has delivered an average positive earnings surprise of 16.8% in the trailing four quarters.

Today's Stocks From Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6% and +67.1%.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

See Them Free>>


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Nordstrom, Inc. (JWN): Free Stock Analysis Report
 
Dollar Tree, Inc. (DLTR): Free Stock Analysis Report
 
Dollar General Corporation (DG): Free Stock Analysis Report
 
Burlington Stores, Inc. (BURL): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_27_dollar_tree_dltr_in_investors_good_bo Tue, 27 Mar 2018 19:39:00 +0300
<![CDATA[Top Ranked Value Stocks to Buy for March 27th]]> Here are three stocks with buy rank and strong value characteristics for investors to consider today, March 27th:

Insight Enterprises, Inc. (NSIT): This information technology services provider has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings advancing 12.8% over the last 60 days.

Insight Enterprises has a price-to-earnings ratio (P/E) of 8.48, compared with 12.50 for the industry. The company possesses a Value Score of A.

Atkore International Group Inc. (ATKR): This manufacturer of electrical raceway products has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings increasing 25.8% over the last 60 days.

Atkore International Group has a price-to-earnings ratio (P/E) of 10.78, compared with 14.00 for the industry. The company possesses a Value Score of A.

Nordstrom, Inc. (JWN): This fashion retailer has a Zacks Rank #2 (Buy), and seen the Zacks Consensus Estimate for its current year earnings advancing 9.3% over the last 60 days.

Nordstrom has a price-to-earnings ratio (P/E) of 13.54, compared with 18.40 for the industry. The company possesses a Value Score of A.

See the full list of top ranked stocks here

Learn more about the Value score and how it is calculated here.

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

See Them Free>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Insight Enterprises, Inc. (NSIT): Free Stock Analysis Report
 
Nordstrom, Inc. (JWN): Free Stock Analysis Report
 
Atkore International Group Inc. (ATKR): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_27_top_ranked_value_stocks_to_buy_for_march Tue, 27 Mar 2018 15:27:00 +0300
<![CDATA[Maybe There Won't Be a Trade War After All]]> This is surely a time for extremes in the market. The major indices are coming off their worst weekly performance since the disastrous start to 2016, but today they put together their best single session since 2015.

“The stock market had zero interest in easing into the week with a slow Monday. Rather, it was pedal to the metal all day across global markets as risk-on was en vogue and domestic equities surged,” said Dave Bartosiak, editor of Blockchain Innovators, Momentum Trader and Surprise Trader. “Talk of easing tensions between the US and China over a potential trade war helped us forget last week’s transgressions.”

The epic comeback included a 3.26% (or approximately 228-point) surge for the NASDAQ to 7,220.5. The Dow jumped 2.84% (or 669 points) to 24,202.6, while the S&P advanced 2.72% to 2,658.6. Now that’s a great start to the week…and the market really needed it.

Investors applauded news that the U.S. and China were open to figuring out a way to resolve their trade problems without resorting to a trade war. Plus, the market was primed to get back some ground lost during last week’s sharp pullback.

“The reason for the positive tone today was because there was no new tariff shouting and the trade war idea was talked back a bit by the White House. Trump doesn’t want to screw up the stock market, so it makes sense to pull back a bit,” said Jeremy Mullin in Counterstrike. “The thought today is Trump is just negotiating and when China gives us a little, the Tariffs will go away. Hopefully that’s the case.”


In the portfolios, TAZR Trader added more to an existing position that’s facing a lot of public scrutiny right now, but should eventually be able to weather the storm and move higher. Black Box Trader replaced three names in its weekly adjustment and one of them brought a double-digit gain to the portfolio. Read the highlights section below for more on these moves.

Today's Portfolio Highlights:

TAZR Trader: The FTC has opened a formal investigation into the privacy practices of Facebook (FB)…but Kevin isn’t overly concerned. The social media platform is already taking steps to improve its user safety features. Plus, the company should be able to weather any punitive actions, including a billion dollar fine. Therefore, the editor added 5% to the portfolio’s FB position while its still at a bargain price. Learn a lot more about this move in the complete commentary.

Black Box Trader:
The portfolio sold three positions in this week’s adjustment, and one of them was a double digit winner. The stocks that left the portfolio include:

• Delek US Holdings (DK, +15.3%)
• Flour Corp. (FLR)
• Allegheny Tech (ATI)

The new buys that replaced these names are:

• Nordstrom Inc. (JWN)
• Guess Inc. (GES)
• Kapstone Paper (KS)

Read the Black Box Trader’s Guide to learn more about this computer-driven service designed to take the emotion out of investing.

Zacks Confidential: The twists and turns of the market in 2018 are enough to make any investor head for the hills. But that would be a mistake. With a little technical analysis, you can make sense of the market and learn when to buy a dip, when to sell a rally and when to prepare for a breakout. In this week’s Zacks Confidential, Kevin has asked Dave Bartosiak to explain how he reads this market. Learn about a specific type of technical analysis that can help you quickly identify the market trend, along with three top stocks to consider: One Trick to Huge Profits in Any Market.

Options Trader: “According to the news, the market plunged last week ‘supposedly’ on renewed fears of a trade war. But they rallied today ‘supposedly’ on ideas that trade concerns were easing. Let me be clear, the same trade concerns that existed on Friday existed on Monday.

“I point this out because the tariff-talk in the media doesn’t match the actual news on the ground. And too many people are getting spooked out of the market due to the knee-jerk, over-sensationalized ‘reporting’ on this topic and others in a desperate attempt to explain the market’s pullback. But they keep getting it wrong.

“So yes, the market has a right to be concerned about the impact of tariffs. But the word ‘trade-war’ was being bandied about recklessly and only served to create unnecessary panic. We will have to see how the tariffs play out. But I contend the correction taking place is normal market behavior.

“But make no mistake, the current correction will make the market stronger and create a brand new base from which the market can begin its new leg up.”
– Kevin Matras


All the Best,
Jim Giaquinto

Recommendations from Zacks' Private Portfolios:

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Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_27_maybe_there_won_t_be_a_trade_war_after_a Tue, 27 Mar 2018 09:13:18 +0300
<![CDATA[15 Celebrities Who Made Millions Outside of Hollywood Projects]]> Hollywood is a fickle place. Actors can be making millions one minute and living like every day middle class Americans the next. They just never know when their 15 minutes of fame will run out. Some have chosen to take fortune into their own hands by investing, hoping to create a safety net of wealth elsewhere.

It seems some of our most beloved celebrities are also wise business people. Ahead are 15 celebrities that have made millions outside Hollywood.

1. Ashton Kutcher

Ashton Kutcher in a Chicago Bears baseball cap and plaid shirt speaks into a microphone and points at his head

The actor has invested in several profitable startups. | Kevin Winter/Getty Images

Actor Ashton Kutcher is the co-founder of A-Grade Investments. The venture capital firm has a keen eye for investing in profitable start-up companies, including Spotify, Uber, and Airbnb. Before amassing a portfolio worth more than $250 million — up from $30 million in 2010 — Kutcher personally invested in Foursquare and Skype.

Next: A celebrity cashing in on an infamous brand

2. Jimmy Buffett

Musician Jimmy Buffett speaks

He’s a brand more than anything. | Dimitrios Kambouris/Getty Images

Singer Jimmy Buffett’s greatest move to date is monetizing the “Margaritaville” brand. According to the New York Times, the singer has come a long way from drunken shows and coconut shells. Today, he’s a businessman who earned over $50 million in 2017 alone. Most of his revenue stems from the “Margaritaville” business empire that includes restaurants, hotels, a satellite radio station, a Broadway show, and a wide assortment of merchandise donning popular phrases like “lost shaker of salt.”

Next: One-half of a billion-dollar couple

3. Jay-Z

JAY-Z performing

His popular clubs have been a huge boost. | Theo Wargo/Getty Images

Rapper Jay-Z is probably one of the most notable celebrities that made millions outside of Hollywood. Musically, he’s had a successful career, but he’s also owner of a management company, record label, and $600 million streaming service, Tidal (though, some say it is losing money head over feet.) Jay-Z’s business empire also includes ownership of the 40/40 club restaurant chain, various real estate investments, and champagne that retails for $200,000 per bottle.

Next: Part 2 of the billion-dollar celebrity couple

4. Beyoncé

Beyoncé performs during Super Bowl 50 in 2016.

She is the queen of monetization. | Timothy A. Clary/AFP/Getty Images

Together, Jay-Z and Beyoncé are worth more than $1.4 billion. But Beyoncé Knowles makes wads of money on her own. Her fragrance line has sold more than $400 million, not counting her most recent venture in athletic brands. And let’s not forget about her millions earned for appearances in wildly successful movies like Dreamgirls and the Austin Powers franchise.

Next: The liquor business proves profitable

5. George Clooney

George Clooney arrives for screening of “Gravity.”

George Clooney is his own spokesman for his various brands. | Gabriel Bouys/AFP/Getty Images

Winning two Academy Awards wasn’t enough for one of Hollywood’s highest-paid actors. In 2017, George Clooney sold his tequila company, Casamigos, for $700 million in up-front cash to Diageo. An additional $300 million is expected if the company hits its 10-year sales goals. The actor surely toasted to the big bucks once the transaction closed — especially since the tequila company was never meant to go public. It was originally collected privately for his family and friends only.

Next: One of the richest women in Tennessee

6. Dolly Parton

Dolly Parton at Nashville Music City Theatre

Her amusement park is a huge hit. | Terry Wyatt/Getty Images

Country superstar Dolly Parton is one of the richest stars in country music. But beyond her work as an actress and singer, she makes millions as an entrepreneur. Dolly Parton launched her own theme park, Dollywood, in her home state of Tennessee. It is continually ranked as the state’s biggest tourism attraction. Her venture employs 3,000 people and helps skyrockets her net worth to roughly $500 million.

Next: From N*SYNC to semi-successful business man

7. Justin Timberlake

Justin Timberlake onstage during the People's Choice Awards 2017

Justin Timberlake may have made a mistake on Myspace, but he’s making money elsewhere. | Kevin Winter/Getty Images

In 2011, Justin Timberlake purchased MySpace.com for $35 million, relaunched the site into a music discovery platform, then sold his shares to a fan for $1 when it seemed doomed for failure. Luckily, his other business ventures proved more successful. 901 tequila, the William Rast clothing line, and a string of co-owned BBQ restaurants hike his net worth to $230 million.

Next: A celebrity earning millions in the restaurant industry

8. Robert DeNiro

Robert De Niro

Robert DeNiro invested in the massive success, Nobu. | Christopher Polk/Getty Images

Actor Robert DeNiro’s career spans decades and has earned him a net worth of $200 million. He was once on the hook for a $6.4 million tax bill due to the IRS when the notice got sent to the wrong address. Luckily DeNiro is part owner in an international restaurant and hotel chain Nobu valued at $500 million.

Next: Risky business for this Hollywood celebrity

9. Gwyneth Paltrow

Her website is even expanding.| Mat Hayward/Getty Images for Nordstrom

Actress Gwyneth Paltrow used the power of persuasion to convince investors that her lifestyle brand of obscenely expensive knickknacks is a worthwhile venture. She raised $20 million in venture capital to fund Goop, even as reports suggested they were $1.6 million in debt in 2014. Gwyneth swears Goop is profitable and announced the company will be expanding into the vitamin industry and the online media business.

Next: A uber-rich celebrity cloaked in controversy

10. Jessica Alba

Jessica Alba speaks onstage for Passion Play: How Jessica Alba and Mario Batali Created Multichannel Marvels during the Fast Company Innovation Festival at 92nd Street Y on October 25, 2017 in New York City.

Jessica Alba is doing incredibly well for herself. | Craig Barritt/Getty Images for Fast Company

Thanks to The Honest Company, Jessica Alba is one of America’s richest self-made women. She lurks quietly behind Beyoncé and Judge Judy in net worth. Despite countless lawsuits claiming the company used false marketing campaigns to mislead customers about ingredients and effectiveness, her outside business venture is worth more than $1.7 billion.

Next: Another celebrity that made millions outside Hollywood

11. Ryan Reynolds

Ryan Reynolds

Ryan Reynolds has his own gin brand. | Theo Wargo/Getty Images

Clooney has tequila. Diddy has vodka. And Ryan Reynolds has gin. The millionaire actor is the latest celebrity to cash in on the liquor business as a new owner of Aviation Gin. He explained his purchase to Forbes, saying “I did this for one simple reason: It’s the best damn gin on the planet.” We’re not sure how profitable this investment is for Reynolds, but the company sold 25,000 cases in 2017. Ryan also earns money as a brand ambassador for the jewelry company, Piaget.

Next: Comedy sells

12. Will Ferrell

Will Ferrell

Will Ferrell founded several hilarious shows. | Clodagh Kilcoyne/Getty Images

Comedian Will Ferrell’s transition from Saturday Night Live to the movie screen to founder seemed natural once he created comedy website, Funny Or Die. They’re responsible for a slew of successful products and shows, such as Drunk History, but it was sold to MTV/Viacom in 2015 for $198 million. Still, it’s clear Ferrell profited handsomely outside Hollywood with a net worth of $100 million.

Next: A sports star making history

13. Serena Williams

Serena Williams attends Glamour's 2017 Women of The Year Awards

Her endorsements have added up to a big paycheck. | Bryan Bedder/Getty Images

Over the years, Serena Williams has pocketed more than $84 million in winnings as a renowned tennis player — more than any other female athlete. But she’s another celebrity that has made millions outside of Hollywood through a Home Shopping Network fashion line, lucrative endorsements, and a set of wise investments. Sister, Venus Williams also has stakes in The Miami Dolphins and Ultimate Fighting Championship.

Next: You never would have guessed this celebrity would launch a billionaire business

 14. Jessica Simpson

Jessica Simpson

Her clothing line is doing extremely well. | Rob Kim/Getty Images

While Jessica Simpson’s face is long gone from the pop charts and reality television, her presence is still very much alive in the fashion industry. She co-founded the Jessica Simpson Collection with her mother in 2006. The shoe line later expanded to clothing, jewelry, sunglasses, and home goods. Bloomberg reports her brands earns about $1 billion a year. Not bad for a girl who couldn’t discern canned chicken from tuna.

Next: Record-breaking success

15. Rihanna

Rihanna

Rihanna’s cosmetics line has been a huge success. | Tim P. Whitby/Getty Images

Although Rihanna is just a year into entrepreneurship, she’s already been deemed a success by many. She launched a line of beauty products in 2017 called Fenty Beauty, which Time named one of the 25 best inventions of 2017. In its first month, Rihanna’s company made $72 million, outplacing Kylie Jenner’s record-breaking cosmetic line, Kylie Cosmetics.

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http://www.so-l.ru/news/y/2018_03_26_15_celebrities_who_made_millions_outside Mon, 26 Mar 2018 20:37:59 +0300
<![CDATA[Wall Street Braces for Ugliest March: 5 Ultra-Safe Picks]]> U.S. stocks not only suffered their worst week in more than two years but are also on the brink of logging the worst March. Trump-China trade war rhetoric is threatening global economic growth, while a tighter monetary policy is about to hinder the bull run that began almost a decade ago.

A third party firm improperly keeping Facebook, Inc. FB users’ data also raised fears of restrictive regulations in the technology sector. This in turn disrupted tech’s growth trajectory, which for long helped the broader market scale north.

With the markets going through a rough patch, investing in stocks that provide excellent risk-adjusted returns seems judicious.

Stocks to Face Worst March

It has been a rough month for the broader market. The Dow Jones is on the verge to see its worst March after it had tanked 8.97% almost 40 years back, per the WSJ Market Data Group. In fact, the blue-chip gauge lost more than 1,400 points over the last five trading sessions, marking the index’s steepest weekly percentage loss since 2016.

The broader S&P 500 is also on the brink of its ugliest March in 17 years, when it had slumped 6.4%. The benchmark index turned negative for the year and is around 10% below its all-time high hit earlier this year. In addition, the tech-laden Nasdaq will witness an excruciating March decline since 2001. Meanwhile, Wall Street’s so-called fear-gauge, the Cboe Volatility Index, soared 57% last week, well above its long-term average of 20. This invariably shows that bearish bets continue to outdo their bullish counterparts in the indices so far this month.

But, what has triggered such a selloff leading to U.S. stocks ending in their worst week in years?

Restrictive Trade Policy, Rising Interest Rates

Selling in stocks intensified after the Trump administration announced that it will levy tariffs on tens of billions of dollars of Chinese imports on top of imposing duties on foreign steel and aluminum. In response to Trump’s tariffs, Beijing said that it will target 128 U.S. products with an import value of $3 billion. These products mostly include U.S pork, fresh fruit, dried fruits, steel pipes, modified ethanol, ginseng and wine.

Such heated trade rhetoric doesn’t bode well for the American economy. If a full-fledged trade war takes place, the United States might slip into a recession in the near future and the jobless rate might more than double from current levels. Tariffs on the U.S. will lead to rise in inflation along with an uptick in import prices, provoking the Fed to hike rates. And we all know that easy monetary policy so far has helped the U.S. stock market celebrate its nine-year bull run. Investors had piled up on U.S. stocks with the notion that quantitative easing will help the domestic economy grow at a better rate than emerging economies like China.

Fed, by the way, has tightened its monetary policy. At the conclusion of the FOMC meeting on Mar 21, Jerome Powell-led Federal Reserve hiked interest rates by a quarter-percentage point and projected a steeper path of rate hikes in 2019 and 2020. The vote to lift the benchmark lending rate was a unanimous 8-0. Thus, the broader market might keep falling as long as the Fed continues to remain hawkish.

The Facebook Fiasco

Adding to the downbeat tone is a sharp selloff in the technology sector. Investors remained concerned about tighter regulations for large tech companies. Lest we forget, tech shares have gained the most so far this year.

However, the sector took a beating following the backlash over Facebook’s handling of user data. Everyone raised questions as to how Cambridge Analytica, which worked on Trump’s election campaign, had gained access to personal data on roughly 50 million Facebook users without their knowledge. Facebook shares saw a weekly decline of 14%, the biggest since 2012. Other tech behemoths, including Apple and Google-parent Alphabet, lost more than 7% in the week.

Time to Buy 5 Ultra-Safe Stocks

As March is plagued by fears of a trade war, rising rates and data mining scandal, investing in low-risk assets and a combination of parameters that lead to better returns seems judicious.

The best way to go about doing this is by creating a portfolio of low-beta stocks, which are inherently less volatile than the markets they trade in. In this case, a low beta ranges from 0 to 1. These stocks are also dividend payers which boast immense financial strength and are immune to market vagaries. Such stocks reflect solid financial structure, healthy underlying fundamentals and better quality business. Further, they boast a Zacks Rank #1 (Strong Buy) or 2 (Buy).

CenterPoint Energy, Inc. CNP operates as a public utility holding company in the United States. The company has a Zacks Rank #2 and a beta of 0.57. The company has a dividend yield of 4.2%, while its five-year average dividend yield is 5.8%. The Zacks Consensus Estimate for its current-year earnings rose 5.4% in the last 60 days. The company is expected to return 13.1% this year, higher than the industry’s estimated return of 4.2%.

Dine Brands Global, Inc. DIN owns, franchises, operates, and rents full-service restaurants in the United States and internationally. The stock has a Zacks Rank #1 and a beta of 0.1. The company has a dividend yield of 3.9%, while its five-year average dividend yield is 15.9%. The Zacks Consensus Estimate for its current-year earnings rose 34.7% in the last 60 days. The company is expected to return 22.7% this year, higher than the industry’s projected return of 10.7%.

Pfizer Inc. PFE discovers, develops, manufactures, and sells healthcare products worldwide. The stock has a Zacks Rank #2 and a beta of 0.91. The company has a dividend yield of 3.9%, while its five-year average dividend yield is 7.2%. The Zacks Consensus Estimate for its current-year earnings rose 6.9% in the last 60 days. The stock is likely to return 11.7% this year, higher than the industry’s estimated return of 9.8%. You can see the complete list of today’s Zacks #1 Rank stocks here.

Nordstrom, Inc. JWN is a fashion retailer that provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children in the United States and Canada. The company has a Zacks Rank #2 and a beta of 0.81. It has a dividend yield of 3.2%, while its five-year average dividend yield is 6.4%. The Zacks Consensus Estimate for its current-year earnings rose 9.3% in the last 60 days. The company is expected to return 15.5% this year, higher than the industry’s estimated return of 12.3%.

Southside Bancshares, Inc. SBSI operates as the bank holding company for Southside Bank that provides a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. The stock has a Zacks Rank #2 and a beta of 0.77. The company has a dividend yield of 3.3%, while its five-year average dividend yield is 12%. The Zacks Consensus Estimate for its current-year earnings rose 10.7% in the last 60 days. The stock is expected to return 31.2% this year, higher than the industry’s projected return of 18.4%.

5 Medical Stocks to Buy Now

Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.

New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.

Click here to see the 5 stocks >>


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CenterPoint Energy, Inc. (CNP): Free Stock Analysis Report
 
Facebook, Inc. (FB): Free Stock Analysis Report
 
Pfizer Inc. (PFE): Free Stock Analysis Report
 
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Nordstrom, Inc. (JWN): Free Stock Analysis Report
 
DineEquity, Inc (DIN): Free Stock Analysis Report
 
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http://www.so-l.ru/news/y/2018_03_26_wall_street_braces_for_ugliest_march_5 Mon, 26 Mar 2018 17:02:00 +0300