The S&P 500 is off its June lows, and a handful of heavily shorted stocks are poised to pop if the market sees a meaningful rebound. A short squeeze takes place when investors borrow shares of a company, hoping the price will decline, but the price rises instead. In that event, these short sellers are … Read more
Ulta Beauty store. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Friday. Ulta Beauty – The beauty retailer surged 10% following better-than-expected quarterly earnings and revenue. Ulta Beauty also shared a better-than-expected outlook for the full year. American Eagle – The stock dropped 4.2% after the retailer posted weaker-than-expected quarterly … Read more
Check out the companies making headlines before the bell: Big Lots (BIG) – The discount retailer’s shares tumbled 21.2% in the premarket after missing Wall Street forecasts for quarterly earnings and revenue. The company also reported a larger-than-expected slump in comparable-store sales and issued cautious full-year guidance, saying inflationary pressures reduce discretionary spending. Hibbett (HIBB) … Read more
Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, March 7, 2022. Andrew Kelly | Reuters If there’s more bad news from retailers in the coming week, that could be a negative catalyst for an already cranky stock market. Market pros are watching for more signs … Read more
A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Company: Big Lots (BIG) Business: Big Lots operates as a retailer in the United States. The company offers products under various merchandising categories, such as furniture, seasonal, soft home, consumables and food. As of March 15, 2021, … Read more
Take a look at some of the biggest movers in the premarket: Best Buy – Shares of the retailer climbed 5% in premarket trading after the company announced it was raising its quarterly dividend by 26%. The move comes despite an underwhelming fourth-quarter report from Best Buy, with adjusted earnings just matching analyst expectations, according … Read more
Inside Liquidity Services’ 130,000-square-foot warehouse in Garland, Texas, the aisles aren’t lined with typical merchandise. Instead, they’re stacked with returns from Amazon, Target, Sony, Home Depot, Wayfair and more, all in the process of being liquidated. “Liquidators are coming in and they’re buying up all of this product in bulk. They’re then packaging it, palletizing … Read more
JPMorgan lowered its rating on Big Lots to underweight from neutral.