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Search resuls for: "Macy's —"


5 mentions found


☆ Stocks making the biggest moves midday: Silvergate Capital, Salesforce, Macy's, Okta and more
  + stars: | 2023-03-02 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +2 min
Salesforce — Shares of the cloud software maker surged more than 10% after the company beat Wall Street estimates across the board in its quarterly report and issued a better-than-expected forecast. Wall Street analysts believe Salesforce's strong results are impressive given the activist pressure it's facing. Revenue came in line with Wall Street expectations at $8.26 billion. Okta – Okta shares jumped 9% after topping Wall Street's expectations for the recent quarter and issuing better-than-expected guidance for the current period. Box — The cloud content management platform's shares slid 14% following the company's fourth quarter results.
☆ Stocks making the biggest moves before the bell: Salesforce, Best Buy, Macy's and more
  + stars: | 2023-03-02 | by ( Alex Harring | ) www.cnbc.com   time to read: +4 min
Best Buy — The consumer electronics retailer shed 1.9% after its fiscal year earnings and revenue guidance came in lighter than expected. Best Buy said it expects a sales decline of 3% to 6% for the year, citing the macro environment. Macy's — The retailer advanced 7.3% after beating expectations on per-share earnings and meeting them on revenue, according to Refinitiv. JPMorgan downgraded the stock to neutral from overweight Thursday and said the company's expectations are too high. On Semiconductor — The semiconductor maker dropped 7.2% following a downgrade to outperform from strong buy by Raymond James.
☆ Stocks making the biggest moves midday: Carvana, Colgate-Palmolive, Tesla and more
  + stars: | 2023-01-30 | by ( Pia Singh | ) www.cnbc.com   time to read: +2 min
Tesla — Shares dropped 2.8% after Berenberg lowered its earnings estimate for Tesla by around 25% for 2023 following the company's price cuts for its electric vehicles. Ford Motor Company — Shares fell nearly 1.4% after the company announced price cuts for its electric Mustang Mach-E crossover. The move in Ford comes after Tesla said earlier this month it would trim prices to counteract dwindling demand. AMC Entertainment — Common shares of the theater chain fell by more than 7% after AMC announced a shareholder meeting in March for a potential change to its capital structure. The preferred or "APE" shares, which trade at a large discount to the common shares, jumped by more than 16%.
☆ Stocks making the biggest moves premarket: Netflix, Alphabet, Nordstrom, PagerDuty and more
  + stars: | 2023-01-20 | by ( Sarah Min | ) www.cnbc.com   time to read: +3 min
Separately, Barclays upgraded shares of PVH , which owns Tommy Hilfiger and Calvin Klein brands, to overweight. Regeneron Pharmaceuticals — The pharmaceutical giant gained 1% in the premarket after being upgraded to overweight from neutral by JPMorgan. Nordstrom — Shares of the retailer fell 7% in premarket trading after Nordstrom announced that its holiday sales fell 3.5% year over year. Macy's — Retail stocks such as Macy's declined following disappointing holiday sales from Nordstrom. Correction: Nordstrom reported disappointing holiday sales numbers, not its latest quarterly figures.
☆ Retailers brace for tougher times and more frugal customers in 2023
  + stars: | 2023-01-02 | by ( Melissa Repko | ) www.cnbc.com   time to read: +4 min
Sales from Nov. 1 to Dec. 24 rose 7.6%, according to data from MasterCard SpendingPulse, which measures in-store and online retail sales across all forms of payment. The next few weeks, which close out many retailers' fiscal year, could help determine whether the holiday quarter is a win or a bust. Retailers enter 2023 reckoning with the fact that store traffic already lagged during peak weeks of the holiday season. It is also retailers' last chance to sell through excess inventory and start the new fiscal year in a cleaner position. Like many other retailers, Walmart's holiday quarter includes January.
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