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Ask Matt: Which retailers rely on holidays?

November 29th, 2014 No comments

GTY 455478776 A SOI USA FL

Q: Which retailers equate on the holidays?

A: Retailers mostly mess-up along all year — until the holidays arrive. That’s when many retailers see outrageous jumps in business.

There’s no subject the fourth entertain is some-more necessary to a little retailers than others. Video-game seller GameStop (GME), slip seller L Brands (LB) and wiring tradesman Best Buy (BBY) get a bigger cut of their commercial operation from the fourth entertain than any alternative retailers in the Standard & Poor’s 500, according to a USA TODAY research of interpretation from S&P Capital IQ.

The holidays have been necessary for GameStop. Video-games have been renouned gifts for gamers during the holidays. And for which reason, even today, many of the greatest and many expected games of the year have been expelled in the final entertain of the year. GameStop’s income in the fourth entertain of 2013 was next to to 63% of the income in the first, second and third buliding of 2014 combined. That’s the top grant from the fourth entertain than any S&P 500 retailers. Best Buy counts on those big end-of-year wiring splurges, too. Consumers who competence have hold out on shopping an Xbox One or big-screen TV can clear the price in Dec as a gift. The holidays have been vicious to many retailers, but they’re even some-more vicious for some.

BEST PERFORMING RUSSELL 1000 STOCKS THIS YEAR

Company Symbol Q4 ’13 Rev. as % of Q1-Q3 ’13 Rev.
GameStop GME 63.3%
L Brands LB 51.7%
Best Buy BBY 52.6%
Macy’s M 49.1%
Kohl’s KSS 48.1%

Source: S&P Capital IQ, USA TODAY

USA TODAY markets contributor Matt Krantz answers a opposite reader subject each weekday. To contention a question, e-mail Matt at mkrantz@usatoday.com or on Twitter @mattkrantz.

Categories: Financial, General Tags: , ,

Cha-ching: How 7 key retail stocks fared on Black Friday

November 28th, 2014 No comments
EPA EPASELECT USA NEW YORK BLACK FRIDAY EBF CONSUMER GOODS USA NY

Shoppers come in the Macy’s Herald Square store in New York on Thanksgiving 2014. (John Taggart, EPA)

All but one of the key retailers identified as key bonds to watch on Black Friday saw their bonds climb on what’s traditionally the busiest selling day of the year.

Heading in to the Super Bowl of shopping, USA TODAY’s Matt Krantz narrowed down the sell zone to 7 key bonds to watch. Here is how the bonds of these key sell players —  and the vital players in their particular sell spaces —  performed on Black Friday.

These 7 bonds have been your barometer to the holidays:

* Big box. Walmart. (WMT  +$2.56, or 3.0%, to $87.54) When you think Black Friday, you substantially think initial of the host of people most busting down the doors of the internal Walmart. It’s the greatest tradesman by far, and the one value watching. The big-box tradesman non-stop the doors on Thanksgiving, and the shoppers came to emporium after Turkey dinner, and returned Friday in droves. Thursday was the “second-highest online sales day ever — surfaced usually by Cyber Monday final year,” Laura Phillips, Walmart U.S. merchandising comparison clamp president, pronounced in a statement. She said Walmart “welcomed more than twenty-two million business to the stores on Thanksgiving — that’s some-more than the series of people who revisit Disneyland in an complete year.”

* High-end. Tiffany. (TIF  +$1.71, or 1.6%, to $107.92) Tiffany is where the alternative half shops. Blue boxes and lots of bling have been indicators of how the well-heeled have been feeling about the economy. The batch has been a clever actor all year, so clever which shares have been right away on top of their 18-month researcher aim of $104.48. Wall Street appears to be betting which the wealthy, increased by a record-setting batch marketplace this year, will be out buying this legal holiday season.

* Gadgets. Apple. (AAPL  -7 cents, or -0.1%, to $118.93) Already have an iPhone? That’s OK. Just buy an additional one. Seems similar to consumers have unconstrained budgets for Apple gadgets and the association is peaceful to offer up these cost equipment during the holidays. The batch has been on a rip this year, gaining scarcely 50%. That’s a conspicuous convene for a batch of this size. But analysts see the association boosting the marketplace share due to the incomparable iPhone, which eventually catches up to the incomparable screens of competitors. Analysts have a $118.88 18-month cost aim on the stock, so if the batch can bust through, which would be telling.

* Home improvement. Home Depot. (HD  +$1.70, or 1.7%, to $99.40) What’s improved than a energy cavalcade for the holidays? Investors have been anticipating the answer is “not much.” Home Depot isn’t only a benchmark for retail, but for the housing market. Shares have been up a important 20% this year as housing comes back.

* Department Store. Macy’s. (M  +$1.38, or 2.2%, to $64.91) Department stores have been fighting to stay applicable with consumers. And Macy’s is the hulk perplexing to have this happen. Investors have been saying the vision, promulgation shares up some-more than 20% this year, but they’ll be examination the company’s income closely. It’s one thing to cut costs, but retailers need to get consumers in to the door. And Macy’s did only which on Thanksgiving, with an estimated 15,000 shoppers clamoring for deals in the flagship store in New York City, according to a USA TODAY contributor on site.

* Big TV sellers. Best Buy. (BBY  +66 cents, or 1.7%, to $39.41) Best Buy is faring well, notwithstanding pang a bad break: Its Internet site went down on Black Friday. “A strong spike in mobile trade triggered issues which led us to close down BestBuy.com in sequence to take active measures to revive full performance,” the association pronounced in a matter early Friday. “Our consumers can lapse to BestBuy.com in the subsequent multiform hours to take value of today’s doorway busters.”

Best Buy is a erotically appealing sell story since of what it says about electronics sales, as great as the battle with online sellers. The company’s brew of wiring indicates the tastes and trends of consumers in an increasingly digital world. But the association has been struggling to stay applicable among cutthroat online competition. Shares were down 2.8% this year streamer in to Friday’s trade session, but have run up 9% in the prior 5 trade days.

* Online seller. Amazon. (AMZN  +$5.07, or 1.5%, to $338.64) So far so great on Black Friday for the Jeff Bezos-led online sell giant. Still, investors’ calm with Amazon is starting to wear thin. Losses were excusable when the association was a immature up-and-comer, but now, investors wish to see results. Meanwhile, the association is pulling a smartphone which doesn’t crop up to be catching on with consumers. Shares of Amazon were down 16% for the year streamer in to Black Friday, creation it the misfortune actor of the key sell bonds investors we have been monitoring.

 

 

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Stocks nail down sixth straight week of gains

November 28th, 2014 No comments
AP FINANCIAL MARKETS WALL STREET F A USA NY

Traders Peter Tuchman, left, and Kevin Lodewick poise with Santa on the office building of the New York Stock Exchange on Nov. 26, 2014. (Richard Drew, AP)

The year-end convene proposed 6 weeks ago. The benchmark Standard & Poor’s 500-stock index, notwithstanding a teenager drop Friday, notched the sixth true week of gains, the longest winning strain in a year.

Stocks, that were upended Friday by an epic 8%-plus thrust in oil prices that harm appetite shares but puts some-more money in consumers pockets, still inched out a 0.2% benefit for the week. Momentum in the batch marketplace has been office building given a big convene that began in mid-October sparked by clever corporate gain and a strengthening U.S. economy.

The S&P 500, that tumbled 5.27 points, or 0.25% to 2067.56 on Black Friday, still managed to tighten on top of final Friday’s tighten of 2063.50, fluctuating the weekly winning strain to six.

That is the longest strain of weekly gains given the benchmark U.S. batch index raced aloft for 8 true weeks in a bullish duration finale in Nov 2013, according to Howard Silverblatt, comparison index researcher at S&P Dow Jones Indices.

Here’s the weekly opening of the S&P 500 given the strain began:

Week finale     % change

11/28                     +0.2%

11/21                      +1.2%

11/14                      +0.4%

11/7                        +0.7%

10/31                     +2.7%

10/24                    +4.1%

Source: USA TODAY research

What was the longest S&P 500 weekly winning streak? Thirteen weeks finale in Jun 1957, says Silverblatt.

In a pointer of marketplace strength, both the Dow Jones industrial normal and Nasdaq combination additionally accomplished the week higher, the sixth true week of gains for both of those indexes.

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Crude plunges 10%, dragging down energy shares

November 28th, 2014 No comments
AP EARNS UNITED CONTINENTAL F FILE USA WA

AP

Crude oil plunged more than 10% a tub Friday to the lowest turn in some-more than 5 years after OPEC opted not to cut prolongation in a universe awash in oil. The OPEC decision roiled markets, pushing energy shares neatly revoke but promulgation airline shares skyward.

At the low indicate Friday, a tub of West Texas Intermediate (WTI) wanton tumbled as low as 65.92, the initial time it has been next $70 a tub given 2010, according to indexmundi.com. Using monthly prices,  WTI tumbled to the lowest turn given it dipped next $65 a tub behind in Jul 2009. The double-digit commission dump was the greatest one-day unemployment in 5 years, according to Bloomberg.

Crude was down $7.50 per barrel, or 10.17%, to $66.26, at 1:44 p.m. ET, according to Yahoo Finance.

OPEC, the Middle East conglomeration that once dominated the oil commercial operation prior to competitors emerged from alternative corners of the globe, opted to keep their every day prolongation turn unvaried notwithstanding plunging wanton prices and plenty supply around the globe.

OPEC’s decision not to revoke the volume of oil that they siphon out of the ground sent oil prices, that have been in freefall for weeks, acrobatics serve to a uninformed 5-year low. OPEC’s move is the ultimate pointer that they have been peaceful to salary a cost fight and keep their stream marketplace share total and vigour pretender U.S. oil players.

Sinking wanton prices puts vital vigour on the USA’s burgeoning shale business, as U.S.-style “fracking” is a some-more costly approach to remove oil. Lower oil prices puts good vigour on U.S. oil producers’ profit margins and creates it most some-more formidable for them to run essential businesses.

The OPEC decision, that comes among a bolt of oil due in partial to a fresh supply entrance out of the unexpected energy-rich U.S., changed bonds in the airline zone up and pushed appetite bonds down sharply.

The big beneficiaries of revoke appetite costs have been U.S. air carriers. Airlines trimming from American Airlines to United Continental saw their shares climb neatly as investors cost in bigger increase due to revoke costs for fuel.

Airline bonds sealed neatly higher:

JetBlue (JBLU) shares rose $1.03, or 7.6%, to $14.63.

United Continental (UAL) rallied $4.63, or 8.2%, to $61.23.

American Airlines (AAL) rose $3.56, or 7.9%, to $48.53.

Delta Air Lines (DAL)  jumped $2.43, or 5.5%, to $46.67.

Southwest Airlines (LUV) gained $2.54, or 6.5%, to $41.82.

Energy shares, however, were strike tough by the plunging wanton prices:

Exxon-Mobil (XOM) was down $3.94, or 4.2%, to $90.54.

Chevron (CVX) was off $6.24, or 5.4%, to $108.87.

BP (BP) was down $2.27, or 5.5%, to $39.32.

The oil services margin players additionally got crushed:

Halliburton (HAL) was down $5.14, or 10.9%, to $42.20.

Schlumberger (SLB) fell $6.86, or 7.4%, to $85.95.

 

 

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Ask Matt: Time to plant Deere stock?

November 28th, 2014 No comments

AP EARNS JOHN DEERE F A USA IL

Q: Is right away a great time to deposit in Deere?

A: Farm apparatus aristocrat Deere only surfaced quarterly income and distinction targets. But even that clearly great headlines doesn’t meant the batch should be planted in your portfolio.

The company’s entertain finished in Oct was a great one. Deere reported a quarterly practiced distinction of $1.83, commanding approaching gain by scarcely 17%, says S&P Capital IQ. And on the tip line, Deere raked in $8 billion, that exceeded expectations by scarcely 6%.

But the complaint is the company’s opinion isn’t all that promising. The association warned apparatus sales have been approaching to tumble 15% for mercantile 2015. Analysts have been job for the company’s distinction to decrease by 27% in 2015 and income to tumble 5.3% to $29.8 billion.

The company’s rhythmical foresee explains in large partial because the analysts aren’t all that bullish on Deere as an investment. Analysts on normal rate the batch a “hold.” And the normal 18-month cost aim on the shares is $84.14, that is essentially 3% next where the batch is trade now.

Analysts sojourn some-more certain on shares of Deere’s tip rival: Caterpillar. Analysts have been job for Caterpillar’s gain to enlarge scarcely 8% to $7.06 a share in 2015 and income adding scarcely 2% to $55.9 billion. The stronger expansion prospects insist because analysts rate shares of Caterpillar “outperform.”

USA TODAY markets contributor Matt Krantz answers a opposite reader subject each weekday. To contention a question, e-mail Matt at mkrantz@usatoday.com or on Twitter @mattkrantz.

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Oil prices fall following OPEC decision

November 28th, 2014 No comments

AP AUSTRIA OPEC MEETING I AUT

Oil prices fell neatly Friday after the Organization of Petroleum Exporting Countries pronounced the day before it wouldn’t cut prolongation levels to branch collapsing oil prices.

Brent wanton oil rose 1% to $73 a tub Friday, but WTI Crude Oil plunged 6% to $69 a barrel.

READ MORE:

Oil prices plunge as OPEC decides opposite outlay cut

OPEC decision: Winners and losers

U.S. batch futures were prosaic early Friday.

Here is where vital marketplace index futures stood forward of the begin of unchanging trading:

Dow: -0.01%

S&P 500: -0.2%

Nasdaq: +0.2%

In Asia, Japan’s Nikkei 225 index gained 1% and Hong Kong’s Hang Seng index forsaken 0.07%.

Asian appetite shares tumbled Friday as OPEC’s preference rippled opposite the globe.

Japanese bonds rose after a slew of mercantile interpretation releases but alternative informal indexes were mixed.

Wall Street was sealed Thursday for the Thanksgiving Day holiday. On Friday, U.S. markets will tighten early.

READ MORE:

Dow, S&P 500 set brand new shutting highs

Contributing: Kim Hjelmgaard, The Associated Press

 

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Which retail stocks score going into Black Friday

November 26th, 2014 No comments
USA TODAY

USA TODAY

Investors know that retailers have been about to have a little critical money. But in the conflict for consumers, that retailers will measure best?

Black Friday tallies won’t be good known for weeks, but investors have been creation no tip of that retailers they similar to the best. J. C. Penney (JCP), jeweler Signet Jewelers (SIG) and qualification seller Michaels (MIK) have been the sell bonds up the many this week — usually prior to Black Friday kicks off.

J.C. Penney has been the sell batch that investors keep watchful and watchful to come back. Shares of the tradesman have been down 15% this year, as any attempted convene in the batch fades. But investors seems to be positive, at slightest this week. Shares have been up 6.2%, that not usually creates it the many appropriate behaving sell batch this week, but good on top of the 0.7% normal of all Russell 1000 sell stocks.

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Then there’s Signet Jewelers. That batch is up 5.3% this week, as investors raise in forward of the pour out to the malls. The week’s benefit for Signet is usually an combined bonus, the batch is up 64.3% this year already.

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We’ll see if the early handicapping of the retailers proves to be accurate.

BEST PERFORMING RUSSELL 1000 RETAIL STOCKS THIS WEEK

Company Symbol 11/21-11/26 % Ch.
J.C. Penney JCP 6.2%
Signet Jewelers SIG 5.3%
Michaels MIK 4.4%
DSW DSW 4.2%
Foot Locker FL 4%
Urban Outfitters URBN 3.2%
Gap GPS 2.3%
Tiffany TIF 2.2%
TripAdvisor TRIP 2%
Best Buy BBY 1.9%
Liberty Ventures LVNT.A 1.9

Sources: S&P Capital IQ, USA TODAY research

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A GoDrone for GoPro?

November 26th, 2014 No comments

images (2)Action camera marketer GoPro GPRO climbed 6% to $79.05 Friday on reports which it will come in the worker market.

GoPro skeleton to sell small helicopters housing the high-definition video cameras commencement in late 2015, according to the Wall Street Journal.  Prices have been approaching to be in the $500 to $1,000 range.

The aerial photography/consumer worker marketplace already has been tapped by China’s DJI Innovations, and GoPro cameras have already been given on alternative drones. But a GoPro-branded worker could be a big seller, given the company’s prominence and lion’s share  of the action-camera market.

GoPro shares were high-flyers  before Wednesday’s news. Shares have been up 223% given the company’s Jun IPO, nonetheless they finished pre-Thanksgiving trade about 20% off their $98.47, Oct. 7 peak.

Follow Strauss on Twitter @gstrauss_

 

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Ask Matt: What does a CEO exit mean?

November 26th, 2014 No comments
AP

AP

Q: What does a remarkable CEO exit mean?

A: A company’s care is key to destiny distinction and batch prices. Sudden and astonishing changes at the tip have investors shaken for great reason.

Just as down payment investors watch the Federal Reserve for clues about what’s unequivocally going on, monitoring the CEO at a association is infrequently a window in to a company. You don’t customarily see a association forgive the CEO unexpected and but notice when all is going as planned. What investors wish to know is if a CEO leaves due to what’s going at the company, or something going on with the CEO.

Academics found batch cost sensitivity increasing 24% in shares of companies one year following the forced removal of a CEO. The investigate carefully thought about 872 CEO departures in between 1979 and 1995. But the findings, from the inform co-authored by Matthew Clayton whilst at Rutgers, have been unchanging with stream views investors don’t similar to to see intrusion at the top. Details aren’t known, but not long ago diversified manufacturer United Technologies’ (UTX) shares fell $1.51, or 1.4%, to $108.79 Monday after a CEO change. The association voiced CEO Louis Chenevert, 56, would suddenly retire after operative at the association for twenty-two years. UTX rught away declared the CFO the brand new CEO.

USA TODAY markets contributor Matt Krantz answers a opposite reader subject each weekday. To contention a question, e-mail Matt at mkrantz@usatoday.com or on Twitter @mattkrantz.

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U.S. stock futures make slight gains

November 26th, 2014 No comments

AFP 535676132 A MAX USA NY

U.S. batch futures done slight gains Wednesday.

Here is where vital marketplace index futures stood forward of the begin of unchanging trading:

Dow: +0.2

S&P 500: -0.05

Nasdaq: +0.1

In Asia, Japan’s Nikkei 225 index forsaken 0.1% and Hong Kong’s Hang Seng index gained 1%.

European batch markets were trade aloft Wednesday.

Stocks ended churned Tuesday as investors weighed descending consumer certainty opposite a better-than-expected report on mercantile growth.

Crude oil prices slipped 2.5% to $74.30 a tub on the New York Mercantile Exchange.

Contributing: Kim Hjelmgaard

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