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The Zacks Analyst Blog Highlights: Macy's, Kohl's, J. C. Penney, Best Buy and Wal-Mart Stores
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For Immediate Release
Chicago, IL – Dec 28, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Macy's, Inc. (M - Free Report) , Kohl's Corporation (KSS - Free Report) , J. C. Penney Company, Inc. , Best Buy Co., Inc. (BBY - Free Report) and Wal-Mart Stores, Inc. (WMT - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Retailers Cheer Holiday Sales Data: M, KSS, JCP Top Gainers
The chapter of 2017 is about to conclude, and it reads as an eventful year for stock market based on encouraging economic indicators and improved corporate results. Before we kick off 2018, retailers have some more good news to cheer about.
The latest addition to the streak of encouraging economic indicators is the holiday season sales data from Nov 1 to Dec 24, 2017, reflecting an increase in consumer spending. According to MasterCard SpendingPulse, sales (excluding automobiles) during the period jumped 4.9% compared with 3.7% rise in the prior-year period. This marks the biggest year-over-year increase in holiday spending since 2011.
Per report, sales of electronics and appliances, jewelry, and home furnishings rose 7.5%, 5.9% and 5.1%, respectively. Meanwhile, specialty apparel as well as department stores witnessed “moderate” sales increase. Further, market analysts are also optimistic about the holiday sales as unemployment is at its lowest level in 17 years and consumer sentiment has touched the highest level since 2000.
The data by MasterCard SpendingPulse fared better than the National Retail Federation (“NRF”) projection of 3.6-4% rise in November and December sales (excluding autos, gas and restaurant sales) and eMarketer forecasts 3.1% jump in holiday sales.
Following the news, retailers like Macy's, Inc., Kohl's Corporation, J. C. Penney Company, Inc., Best Buy Co., Inc. and Wal-Mart Stores, Inc. jumped 4.6%, 6%, 5.4%, 1.4% and 1%, respectively.
Retail sector is hogging all the attention, and this time for good reasons. For the time being, the expression "retail apocalypse” appears to be a thing of past. The sector has certainly been facing the brunt of heightened online competition, lower footfall and changing consumer spending patterns but of late the tables are turning in favor of the retailers.
Analysts believe that a buoyant stock market, gradual wage acceleration, improved employment picture and modest inflation are enough to trigger consumer spending. All these sound favorable for retailers, who try to make the most of the season that accounts for a sizeable chunk of yearly revenues and profits.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
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.
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The Zacks Analyst Blog Highlights: Macy's, Kohl's, J. C. Penney, Best Buy and Wal-Mart Stores
For Immediate Release
Chicago, IL – Dec 28, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Macy's, Inc. (M - Free Report) , Kohl's Corporation (KSS - Free Report) , J. C. Penney Company, Inc. , Best Buy Co., Inc. (BBY - Free Report) and Wal-Mart Stores, Inc. (WMT - Free Report) .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Wednesday’s Analyst Blog:
Retailers Cheer Holiday Sales Data: M, KSS, JCP Top Gainers
The chapter of 2017 is about to conclude, and it reads as an eventful year for stock market based on encouraging economic indicators and improved corporate results. Before we kick off 2018, retailers have some more good news to cheer about.
The latest addition to the streak of encouraging economic indicators is the holiday season sales data from Nov 1 to Dec 24, 2017, reflecting an increase in consumer spending. According to MasterCard SpendingPulse, sales (excluding automobiles) during the period jumped 4.9% compared with 3.7% rise in the prior-year period. This marks the biggest year-over-year increase in holiday spending since 2011.
Per report, sales of electronics and appliances, jewelry, and home furnishings rose 7.5%, 5.9% and 5.1%, respectively. Meanwhile, specialty apparel as well as department stores witnessed “moderate” sales increase. Further, market analysts are also optimistic about the holiday sales as unemployment is at its lowest level in 17 years and consumer sentiment has touched the highest level since 2000.
The data by MasterCard SpendingPulse fared better than the National Retail Federation (“NRF”) projection of 3.6-4% rise in November and December sales (excluding autos, gas and restaurant sales) and eMarketer forecasts 3.1% jump in holiday sales.
Following the news, retailers like Macy's, Inc., Kohl's Corporation, J. C. Penney Company, Inc., Best Buy Co., Inc. and Wal-Mart Stores, Inc. jumped 4.6%, 6%, 5.4%, 1.4% and 1%, respectively.
Out of the stocks mentioned above, Wal-Mart carries a Zacks Rank #2 (Buy), while Macy's, Kohl's Corporation, J. C. Penney Company and Best Buy Co carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Summing Up
Retail sector is hogging all the attention, and this time for good reasons. For the time being, the expression "retail apocalypse” appears to be a thing of past. The sector has certainly been facing the brunt of heightened online competition, lower footfall and changing consumer spending patterns but of late the tables are turning in favor of the retailers.
Analysts believe that a buoyant stock market, gradual wage acceleration, improved employment picture and modest inflation are enough to trigger consumer spending. All these sound favorable for retailers, who try to make the most of the season that accounts for a sizeable chunk of yearly revenues and profits.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
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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.