We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Stocks in the News Blog Highlights: Hasbro, Tiffany & Co., Michael Kors, Nordstrom, Sears
Read MoreHide Full Article
For Immediate Release
Chicago, IL—February 10, 2017—Zacks.com looks back on the hottest stories of the week featured in the Stocks in the News blog, where analysts and writers discuss the latest news and events impacting stocks, the financial markets, and the greater investing world.
Here are highlights from this week’s Stocks in the News blog:
Monday saw shares of Hasbro (HAS - Free Report) surge after reporting strong fourth-quarter fiscal 2016 earnings results. The toy maker surpassed estimates on both the top and bottom lines, but one of the biggest surprises of Hasbro’s earnings report was the revenue it generated from its Girls category, which includes the Disney (DIS - Free Report) princess line of dolls.
Shares of luxury jeweler Tiffany & Co. slumped all day Monday after announcing that its CEO, Frederic Cumenal, was leaving the company, effective immediately. Tiffany said Chairman and former CEO Michael Kowalski will serve as interim CEO, and that the company’s board of directors will begin the search for a successor with an executive search firm.
Michael Kors reported disappointing third-quarter fiscal 2017 financial results on Tuesday, sending its stock down 13% on Tuesday morning. While its top and bottom line results weren’t awful, the retailer’s comparable sales results were what killed its stock, as well as major headwinds in its regional segments.
After President Trump called out Nordstrom (JWN - Free Report) Wednesday morning, its stock showed considerable gains after an initial quick dive, seemingly breaking the curse of the Trump tweet on companies he’s blasted on Twitter . Last week, the department store announced it would be dropping the Ivanka Trump brand because of waning sales performance, something the president took very personally on behalf of his daughter.
On Friday, shares of struggling retailer Sears (SHLD - Free Report) are skyrocketing, up around 32% to $7.33 per share in morning trading—and up nearly 44% in premarket trading—after the company announced a plan to cut costs by at least $1 billion in 2017. The plan includes slashing debt and pension obligations by at least $1.5 billion, reducing overhead, improving merchandise at its stores, and bettering inventory management. Sears also hopes to more closely integrate its namesake and Kmart operations.
Learn More About Zacks’ Investment Ideas
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus, you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Interested in personal finance? Zacks’ “Money Sense” e-mail newsletter is designed to bring you strategies and valuable information that can help you take control of your personal finances, as well as how to get the most out of your money. It covers a range of topics, from retirement planning to money management solutions. Subscribe to the free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Stocks in the News Blog Highlights: Hasbro, Tiffany & Co., Michael Kors, Nordstrom, Sears
For Immediate Release
Chicago, IL—February 10, 2017—Zacks.com looks back on the hottest stories of the week featured in the Stocks in the News blog, where analysts and writers discuss the latest news and events impacting stocks, the financial markets, and the greater investing world.
Here are highlights from this week’s Stocks in the News blog:
The ‘Girly’ Reason Why Hasbro (HAS - Free Report) is Surging After Earnings
Monday saw shares of Hasbro (HAS - Free Report) surge after reporting strong fourth-quarter fiscal 2016 earnings results. The toy maker surpassed estimates on both the top and bottom lines, but one of the biggest surprises of Hasbro’s earnings report was the revenue it generated from its Girls category, which includes the Disney (DIS - Free Report) princess line of dolls.
After CEO Leaves, Tiffany & Co. Needs a Comeback for the Ages
Shares of luxury jeweler Tiffany & Co. slumped all day Monday after announcing that its CEO, Frederic Cumenal, was leaving the company, effective immediately. Tiffany said Chairman and former CEO Michael Kowalski will serve as interim CEO, and that the company’s board of directors will begin the search for a successor with an executive search firm.
Michael Kors: Just Another Victim of Weak Holiday Sales
Michael Kors reported disappointing third-quarter fiscal 2017 financial results on Tuesday, sending its stock down 13% on Tuesday morning. While its top and bottom line results weren’t awful, the retailer’s comparable sales results were what killed its stock, as well as major headwinds in its regional segments.
Nordstrom’s ‘Unfair’ Strategy Against Trump? Remembering Their Extremely Loyal Customers
After President Trump called out Nordstrom (JWN - Free Report) Wednesday morning, its stock showed considerable gains after an initial quick dive, seemingly breaking the curse of the Trump tweet on companies he’s blasted on Twitter . Last week, the department store announced it would be dropping the Ivanka Trump brand because of waning sales performance, something the president took very personally on behalf of his daughter.
Sears Skyrockets 30% on New $1 Billion Cost Cuts
On Friday, shares of struggling retailer Sears (SHLD - Free Report) are skyrocketing, up around 32% to $7.33 per share in morning trading—and up nearly 44% in premarket trading—after the company announced a plan to cut costs by at least $1 billion in 2017. The plan includes slashing debt and pension obligations by at least $1.5 billion, reducing overhead, improving merchandise at its stores, and bettering inventory management. Sears also hopes to more closely integrate its namesake and Kmart operations.
Learn More About Zacks’ Investment Ideas
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus, you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Interested in personal finance? Zacks’ “Money Sense” e-mail newsletter is designed to bring you strategies and valuable information that can help you take control of your personal finances, as well as how to get the most out of your money. It covers a range of topics, from retirement planning to money management solutions. Subscribe to the free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.