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Top related persons:
Simeon Siegel - 1 Siegel - 1 — Siegel - 1 Nordstrom - 1
Top related locs:
Banana Republic
Top related orgs:
BMO Capital Markets - 1 Brands - 1 Navy - 1 LSEG - 1

Search resuls for: "— Siegel"


2 mentions found


☆ Beware these retailers that increased promotions more than expected throughout Black Friday weekend, BMO says
  + stars: | 2024-12-03 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Some retailers "promoted deeper as weekend progressed versus 2023's cadence," analyst Simeon Siegel wrote to clients in a Monday note. Siegel's comments come as investors and analysts try to determine which brands or retailers are outperforming this year, particularly as the holiday shopping season hits its stride. However, Siegel did provide a list of names that went further into discounts than was anticipated as the weekend went on. That means the company may have "underperformed its initial hopes for the outset of the holiday selling," the analyst said. After that run, the typical analyst sees shares slipping by 3% over the next 12 months, according to LSEG.
Persons: Simeon Siegel, Siegel, — Siegel, Nordstrom Organizations: BMO Capital Markets, Brands, Navy, LSEG Locations: Banana Republic
☆ Asia markets set to open lower after U.S. inflation comes in higher than expected
  + stars: | 2023-02-15 | by ( Jihye Lee Lim Hui Jie | Jihye Lee | Lim Hui Jie | ) www.cnbc.com   time to read: +1 min
"Milton Friedman said 12-18 months before you can get any effect on prices," Siegel said on CNBC's "Halftime Report" on Tuesday afternoon. And it's a process that the Fed has to let go through the market." To be sure, the finance professor added that he is less certain about a rate hike following January's "unbelievable" jobs report. "That would mean, more likely that the Fed would not reduce the rate as fast in the second half in the year. He added, "I don't think anyone including the Fed knows, because they plan their increases or decreases policy 10–14 days in advance.
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