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Three-Stock Lunch: Teradyne, Broadridge Fin and Carrier Global
  + stars: | 2024-02-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: Teradyne, Broadridge Fin and Carrier GlobalDave Wagner, Aptus Capital Advisors portfolio manager, joins 'Power Lunch' to discuss three stock plays including Teradyne, Broadridge Fin and Carrier Global.
Persons: Carrier Global Dave Wagner Organizations: Carrier Global, Aptus
The big-box retailer's stock has lost a quarter of its value in a turbulent year marked by elevated inflation. Shoppers have focused on food and essentials purchases while spending less on home goods, electronics, toys and apparel. Target sales declined by an average 7% in August and September alongside declines in transaction count and value, TD Cowen said in a note ahead of its earnings. On Wednesday, Target forecast adjusted earnings to land between $1.90 and $2.60 per share in the fourth quarter. It also expects holiday-quarter comparable sales to decline in the mid-single-digit percentage range, compared with expectations of a 3.97% drop.
Persons: Brian Cornell, Cornell, TD Cowen, Kendra Scott, Lucy Nicholson, Brian Mulberry, Price, Dave Wagner, Siddharth Cavale, Ananya Mariam Rajesh, Matthew Lewis, Chizu Nomiyama, Nick Zieminski Organizations: Target, Shoppers, Schwarz, Azusa , California U.S, REUTERS, Zacks Investment Management, Walmart, Consumer, Retail's, . Commerce Department, Aptus Capital Advisors, Thomson Locations: Azusa , California, New York, San Francisco, Seattle, Portland , Oregon, Bengaluru
REUTERS/Peter Power/File Photo Acquire Licensing RightsAug 16 (Reuters) - Target (TGT.N) cut its full-year sales and profit expectations even as its quarterly profit exceeded Wall Street estimates on Wednesday, benefiting from fewer discounts and better stocked store shelves. The retailer's second-quarter sales, however, dropped 5%, partly due to the fallout of a backlash against its Pride merchandise in May. Target now expects annual comparable sales to decline in the mid-single digit range compared to its prior forecast of low-single digit decline to a low-single digit increase. It expects 2023 adjusted profit per share between $7 to $8, compared with the prior range of $7.75 to $8.75. On an adjusted basis, Target earned $1.80 per share in the quarter ended July 29, beating expectations of $1.39.
Persons: Peter Power, Target, Erik Carnell's Abprallen, Brian Cornell, Cornell, Dave Wagner, Ananya Mariam Rajesh, Savyata Mishra, Aishwarya Venugopal, Arun Koyyur Organizations: REUTERS, Wall, Pride, Aptus Capital, Target, Walmart, Thomson Locations: Target, Ancaster, Bengaluru
Three Stock Lunch: DocuSign, Lululemon and Broadcom
  + stars: | 2022-12-09 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree Stock Lunch: DocuSign, Lululemon and BroadcomDave Wagner, Aptus Capital Advisors, joins 'Power Lunch' to discuss his investing take on three stocks: DocuSign, Lululemon and Broadcom.
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