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TJX Cos. on Wednesday said holiday sales jumped 13% as shoppers hunting for deals flocked to the off-price retailer. Excluding an additional week in the quarter, TJX reported earnings per share of $1.12. Sales rose to $16.41 billion, up about 13% from $14.52 billion a year earlier. Over the last year, it raised its sales and profit guidance numerous times. For the full year, it expects earnings per share of $3.94 to $4.02, compared to estimates of $3.88 to $4.40.
Persons: TJX Cos, TJX, Jane Hali Organizations: Maxx, LSEG, Associates Locations: Pinole , California, TJX's, New York , Florida , Texas, California
Federal student loan payments are coming back in October and a trio of stocks are set to shine as borrowers cut their spending, according to Jefferies. Payments on federal student loans had been paused since March 2020 as part of a package of Covid-era relief measures. A recent poll of about 630 U.S. consumers with student loan debt found that the majority expect to pay $500 or less each month, Jefferies found. Walmart beat Wall Street's estimates for sales and earnings in its fiscal second quarter and hiked its full-year earnings forecast. Shares have popped 21% this year, leaving analysts to only see 3% further upside from here, according to LSEG.
Persons: Jefferies, That's, Randal Konik, WMT, — CNBC's Michael Bloom Organizations: Jefferies, Walmart, Wall, Costco Locations: Maxx, HomeGoods, Sierra
An H2-A rocket carrying a small lunar surface probe and other objects lifts off from the Tanegashima Space Centre on Tanegashima island, Kagoshima prefecture on September 7, 2023. Japan launched a rocket Thursday carrying an X-ray telescope that will explore the origins of the universe as well as a small lunar lander. The launch of the HII-A rocket from Tanegashima Space Center in southwestern Japan was shown on live video by the Japan Aerospace Exploration Agency, known as JAXA. "We have a liftoff," the narrator at JAXA said as the rocket flew up in a burst of smoke then flew over the Pacific. That information helps in studying how celestial objects were formed, and hopefully can lead to solving the mystery of how the universe was created, JAXA says.
Persons: Ray, David Alexander Organizations: Space, Japan Aerospace Exploration Agency, JAXA, Ray Imaging, NASA, Rice Space, Rice University Locations: Tanegashima, Kagoshima prefecture, Japan
TOKYO (AP) — Japan launched a rocket Thursday carrying an X-ray telescope that will explore the origins of the universe as well as a small lunar lander. The launch of the HII-A rocket from Tanegashima Space Center in southwestern Japan was shown on live video by the Japan Aerospace Exploration Agency, known as JAXA. Also aboard the latest Japanese rocket is the Smart Lander for Investigating Moon, or SLIM, a lightweight lunar lander. The Smart Lander won’t make lunar orbit for three or four months after the launch and would likely attempt a landing early next year, according to the space agency. In February, the H3 rocket launch was aborted for a glitch.
Persons: Ray, David Alexander, ” Alexander, Smart, Shinichiro Sakai, Neil Armstrong, Buzz Aldrin, Yuri Kageyama Organizations: TOKYO, , Space, Japan Aerospace Exploration Agency, JAXA, Ray Imaging, NASA, Rice Space, Rice University, Smart, U.S . Apollo Locations: — Japan, Japan, U.S, Russia, China, India
It hasn't been the best week for the broader market. Several retail stocks bucked the overall market trend, however, on the back of strong quarterly reports. Other retail stocks were also on pace to cap off a positive week. To be sure, not all retailers triumphed during this busy earnings week for the sector. While several retail stocks took top spots in this week's screen, the list offered some variety.
Off-price retailers are poised to outperform, and Ross Stores will be the leader, according to Credit Suisse. Off-price retailers pick up the extra items on the cheap to sell. Other off-price retailers include Nordstrom Rack and Macy 's Backstage. On Thursday, Ross Stores reported fiscal third-quarter earnings-per-share of $1.00 , versus a StreetAccount estimate of 81 cents. The boost was based on 2024 calendar-year EPS versus 2023 EPS.
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