Consumers Have Strained From Non-Necessity Retailers
Recent retail earnings showed a good deal of doom and gloom signs of a weakened consumer spending. Both Macy’s Inc (NYSE: M) and Nordstrom Inc (NYSE: JWN) saw falling digital sales.
The Latest Analyst Ratings for Macy’s
Within the last quarter, Macy’s (NYSE:M) has observed the following analyst ratings: Bullish Somewhat Bullish Indifferent Somewhat Bearish…
Telsey Advisory Group Reiterates Market Perform on Macy’s, Maintains $25 Price Target
Telsey Advisory Group analyst Dana Telsey reiterates Macy's (NYSE:M) with a Market Perform and maintains $25 price target.
This Analyst Sees Macy’s As Emerging On Solid Financial Footing Amid Volatile Macro Environment
Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on the shares of Macy’s Inc (NYSE:M) with a price target…
Why Cano Health Shares Are Trading Lower By Around 23%? Here Are Other Stocks Moving In Thursday’s Mid-Day Session
Gainers
Exela Technologies, Inc. (NASDAQ: XELA) shares surged 45% to $0.0701 after the company announced $51 million of new funding, amendment increases existing securitization facility to $185 million and other related transactions.
Dow Rises 100 Points; Macy’s Posts Upbeat Earnings
U.S. stocks traded mixed midway through trading, with the Dow Jones gaining around 100 points on Thursday.
The Dow traded up 0.31% to 32,764.50 while the NASDAQ fell 0.49% to 11,324.28. The S&P 500 also fell, dropping, 0.21% to 3,943.00.
Apple Permanently Closes Store in North Carolina After Shootings, In A Rare Move
Apple Inc (NASDAQ: AAPL) shut down one of its retail stores in Charlotte, North Carolina, after the corresponding mall suffered at least three shootings in recent months.
Why Macy’s Shares Are Trading Higher Today
Macy’s Inc (NYSE: M) reported a fourth-quarter FY22 sales decline of 4.6% year-on-year to $8.26 billion, beating the consensus of $8.25…
Earnings Scheduled For March 2, 2023
Companies Reporting Before The Bell
• argenx (NASDAQ:ARGX) is expected to report quarterly loss at $3.03 per share on revenue of $176.89 million.