Nordstrom (JWN) reports Q1 2022 losses

Nordstrom on Tuesday reported fiscal first-quarter sales ahead of analysts’ expectations and hiked its full-year outlook, citing momentum in the business as shoppers visited the company’s department stores to refresh their closets with designer brands and shoes. Nordstrom now sees fiscal 2022 revenue, including credit card sales, up 6% to 8%, compared with a prior … Read more

Deere, Foot Locker, Palo Alto Networks and more

The Deer & Co. John Deere 8R fully autonomous tractor is displayed ahead of the Consumer Electronics Show (CES) on January 4, 2022 in Las Vegas, Nevada. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in midday trading. Deere – The stock plummeted 11.4% after Deere reported a miss … Read more

Amazon, Apple, Salesforce, Costco, Block

Here are Friday’s biggest calls on Wall Street: Baird upgrades Comerica to outperform from neutral Baird said in its upgrade of the bank that it sees an attractive entry point. “Upgrading CMA to Outperform, bank sell-off starting to create opportunities. After banks and the related ‘rate trade’ benefitted from being the fashionable January / February … Read more

5 things to know before the stock market opens Friday, May 20

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures rise after S&P 500 closes on brink of a bear market Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 19, 2022. Andrew Kelly … Read more

Foot Locker, Deere, DoorDash and others

Check out the companies making headlines before the bell: Foot Locker (FL) – The athletic footwear and apparel retailer reported an adjusted quarterly profit of $ 1.60 per share, 5 cents above estimates. Revenue was slightly below forecasts, and same-store sales fell by less than half of what was anticipated by analysts. Foot Locker shares … Read more

Investors could get a reprieve from vicious stock sell-off in week ahead

Investors could get a reprieve in the week ahead from the vicious selling cycle that has gripped the stock market since late March. Stocks bounced off of Thursday’s washout lows and were set to exit the week with reduced losses after Friday’s rally. Buyers on Friday hunted for bargains among small caps, biotechnology names, the … Read more

Nordstrom, Salesforce, Ford and more

Pedestrians walk past a Nordstrom Inc. store. Ben Nelms | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Nordstrom – Shares of the department store rallied a whopping 39% after the company reported better-than-expected profits and sales for the holiday quarter. The strong results also prompted Nordstrom to offer an … Read more

Nordstrom shares soar as it makes progress but still has ways to go

Nordstrom signage outside one of the company’s full-line department stores. Tim Boyle | Getty Images News | Getty Images Nordstrom shares are soaring after the department store chain offered up an upbeat outlook for the coming year, forecasting profits and single-digit revenue growth. Other retailers including Macy’s, Kohl’s and Target have similarly offered better-than-expected full-year … Read more