Hints and tips:
...Its 2005 earnings per share figure of $1.41 would have been worth $5.18 using 2020’s share count. Talk about the denominator effect in action....
...In 2019 it generated a 58 per cent net return, about double the S&P 500....
...least, with bets on US shale group Silverbow Resources, aluminium giant Alcoa and Apollo Medical Holdings, while three others performed almost as well with their investment in US department store chain Dillards...
...Disappointing results from US department store chains JCPenney and Dillard’s and concerns that these companies are struggling with inventory weighed on the broader consumer discretionary sector....
...Macy’s shares climbed more than 4 per cent to $37.53 Nordstrom shares rose 2.6 per cent to $60.70 Kohl’s shares were up 3.3 per cent to $78.98 Dillard’s shares advanced 2 per cent to $76.03 The S&P 500 department...
...Retailers were also in demand as upbeat results from Macy’s and Dillard’s helped trigger a rally in shares on rivals such as Kohl’s and JCPenney....
...Macy’s and Kohl’s were the biggest decliners on the S&P 500 for the day and the results weighed on the broader S&P 500 retailing industry group, sending it 2.4 per cent lower....
...Declining sales, though shallower than Wall Street’s expectations, and falling gross margins at some of the largest department stores, including Macy’s, Kohl’s and Dillard’s, dragged the S&P 500 retailing...
...S&P is forecasting double-digit declines in first-quarter earnings for department store operators and big box retailers....
...Rivals Nordstrom, Kohl’s Dillard’s and JC Penney also posted disappointing results....
...Investor sentiment towards retail soured after a trio of big names, Macy’s, Kohl’s and Dillard’s, all disclosed another quarter of heavy falls in like-for-like sales....
...Retail Reits left reeling Real estate investment trusts that own and operate retail properties, like shopping malls, were among the worst-performing industry groups on the S&P 500 index this week....
...There are 20 other companies listed on the S&P 500 that are slated to report results, including Target, Coach, TJX Cos, Gap and non-retailers like Deere....
...At the close on Friday, the benchmark S&P 500 was off 0.1 per cent at 2,164....
...Elsewhere, the S&P 500 materials sectors rallied 1.4 per cent, outpacing the broader market, as the price of copper rose to the highest level of 2016....
...Rival chains fell on Monday, with Dillard’s down 0.3 per cent to $92.51 and Sears Holdings dropping 2.2 per cent to $26.71....
...“Our checks suggest inventory for Michael Kors is building at retailers like Macy’s & Dillard’s,” Erinn Murphy, an analyst at Piper Jaffray said....
...JC Penney shares rose 5.5 per cent to $8.52, while shares in rival department store Dillard’s remained little changed....
...Brooklyn-based Byron Kim offered small painted skies that served as surfaces for his scribbled diaries; some thoughts were profound, others rooted in youthful narcissism, yet all recalled T S Eliot’s lines...
...Under Mr Immelt’s tenure, GE’s share price has fallen nearly 30 per cent, while the S&P 500 index has risen 93 per cent and shares in leading competitors Honeywell, United Technologies and Siemens have more...
...Shares of Nordstrom declined 5 per cent to $65.11, Macy’s fell 1 per cent to $57.45, Sears fell 2 per cent to $35.16 and Dillard’s, which also reported results, fell 8 per cent to $106.11....
...Since the start of July, utilities have lagged behind all others on the benchmark S&P 500, falling 5.2 per cent....
...In the past three years the shares have returned nearly 250 per cent versus the S&P 500’s 50 per cent....
...That includes companies such as Macy’s, Sears, Kohl’s, JC Penney and Dillard’s, which saw large gains on Monday after recent weakness....
...The benchmark S&P 500 lost 1.8 per cent to 1,487.85, reaching its lowest level since January 18 and recording its worst loss since November 7....
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