On Wednesday morning, Macy’s (NYSE:M) reported a third consecutive quarter of comp sales growth. The department-store giant beat its relatively modest sales forecast and posted a big increase in adjusted earnings per share. Macy’s also raised its full-year EPS guidance.
In what can only be described as an example of “buy the rumor, sell the news” behavior, Macy’s stock plummeted as much as 15% following the earnings report. This is providing investors who missed out on the Macy’s rally earlier this year a chance to scoop up shares of the stock at what is still a very cheap price.
Another strong quarter
At first glance, Macy’s second-quarter sales performance may not seem very special. Comp sales (including licensed departments) increased 0.5% at Macy’s last quarter, while total sales slipped 1.1% to $5.57 billion.
However, a shift in the timing of the retail calendar meant that a major sale moved into the first quarter of 2018, relative to the second quarter last year. This calendar shift boosted Q1 comp sales by about 2.5 percentage points and reduced Q2 comp sales by about 2.4 percentage points. Thus, on an adjusted basis, Macy’s comp sales rose nearly 3% in the second quarter.
Hot Growth Stocks To Invest In 2019: MEDIFAST INC(MED)
- [By Logan Wallace]
MediBloc [QRC20] (MED) is a proof-of-work (PoW) token that uses the HybridScryptHash256 hashing algorithm. It was first traded on January 3rd, 2014. MediBloc [QRC20]’s total supply is 4,097,545,844 tokens and its circulating supply is 2,966,384,100 tokens. MediBloc [QRC20]’s official website is medibloc.org/en. MediBloc [QRC20]’s official Twitter account is @MEDDevTeam. The official message board for MediBloc [QRC20] is medium.com/@MediBloc. The Reddit community for MediBloc [QRC20] is /r/MediBloc and the currency’s Github account can be viewed here.
- [By Ethan Ryder]
MediBloc (CURRENCY:MED) traded 3.9% lower against the U.S. dollar during the 1-day period ending at 20:00 PM E.T. on June 13th. One MediBloc token can now be purchased for $0.0083 or 0.00000131 BTC on major cryptocurrency exchanges including Coinrail, Gate.io and Bibox. During the last seven days, MediBloc has traded 36.5% lower against the U.S. dollar. MediBloc has a total market cap of $24.58 million and $216,935.00 worth of MediBloc was traded on exchanges in the last day.
- [By Max Byerly]
MediBloc [QRC20] (MED) is a proof-of-work (PoW) token that uses the HybridScryptHash256 hashing algorithm. It was first traded on January 3rd, 2014. MediBloc [QRC20]’s total supply is 4,097,545,844 tokens and its circulating supply is 2,966,384,100 tokens. The official website for MediBloc [QRC20] is medibloc.org/en. MediBloc [QRC20]’s official Twitter account is @MEDDevTeam. The Reddit community for MediBloc [QRC20] is /r/MediBloc and the currency’s Github account can be viewed here. MediBloc [QRC20]’s official message board is medium.com/@MediBloc.
Hot Growth Stocks To Invest In 2019: Intuitive Surgical Inc.(ISRG)
- [By Stephan Byrd]
Align Technology (NASDAQ: ALGN) and Intuitive Surgical (NASDAQ:ISRG) are both large-cap medical companies, but which is the better business? We will compare the two businesses based on the strength of their dividends, valuation, analyst recommendations, institutional ownership, profitability, risk and earnings.
- [By Danny Vena]
Robotic surgery pioneer Intuitive Surgical (NASDAQ:ISRG) has been a big winner, up 38% since the beginning of the year. Two companies that haven’t been so fortunate are footwear maker Skechers (NYSE:SKX) and flooring retailer Tile Shop Holdings (NASDAQ:TTS), which have fallen 18% and 13% year to date, respectively. Here are some key metrics to watch when these companies report earnings in July.
- [By Anders Bylund]
Shares of Intuitive Surgical (NASDAQ:ISRG) rose 31.1% in the first half of 2018, according to data from S&P Global Market Intelligence. The maker of the da Vinci line of robotic surgery tools crushed Wall Street’s expectations in both of the earnings reports that were presented in this six-month span.
Hot Growth Stocks To Invest In 2019: TrueBlue Inc.(TBI)
- [By Logan Wallace]
Get a free copy of the Zacks research report on Trueblue (TBI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Trueblue Inc (NYSE:TBI) by 18.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,550 shares of the business services provider’s stock after purchasing an additional 4,700 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Trueblue were worth $823,000 as of its most recent filing with the Securities & Exchange Commission.
- [By Motley Fool Transcribers]
TrueBlue Inc (NYSE:TBI)Q4 2018 Earnings Conference CallFeb. 07, 2019, 5:00 p.m. ET
Prepared Remarks Questions and Answers Call Participants
Hot Growth Stocks To Invest In 2019: Nordstrom Inc.(JWN)
- [By JJ Kinahan]
The news wasn’t all good early Thursday. Results from J.C. Penney Company Inc. (NYSE: JCP) appeared to disappoint investors, who sent shares down more than 11 percent in pre-market futures trading. The company said in a press release that its overall top-line sales came in below management’s expectations, blaming cold April weather. We’re not done with retail yet. Nordstrom, Inc. (NYSE: JWN) reports after the close today.
- [By Dan Caplinger]
Many retailers still haven’t found a surefire way to make a successful transition to a world in which digital commerce plays a vital and increasingly important role. Several of Nordstrom’s (NYSE:JWN) primary competitors released quarterly financial results earlier this week that raised new concerns about the viability of their business models. As a result, those following the retail market figured that the company might see even its upscale department-store operations keep suffering from online competition. With the convenient exit of a leveraged buyout now seemingly off the table, the retailer needed to show that it could survive and thrive following its existing strategy.
- [By ]
On Thursday, earnings are expected from JCPenney Co. (JCP) , Action Alerts PLUS holding Nordstrom Inc. (JWN) , Nintendo Co. (NTDOY) and Walmart Inc. (WMT) .
Hot Growth Stocks To Invest In 2019: Buffalo Wild Wings Inc.(BWLD)
- [By Steve Symington]
That’s not to say it was a quiet day for every stock on the market. With earnings season ramping up, brewing giant Anheuser-Busch InBev (NYSE:BUD) and restaurant chain Buffalo Wild Wings (NASDAQ:BWLD) served as an exercise in contrast as investors reacted to their respective quarterly reports.
- [By Peter Graham]
A long term performance chart shows Dave & Busters Entertainment tripling in value before falling back while small cap upscale gentlemen’s clubs and restaurant owner RCI Hospitality Holdings, Inc (NASDAQ: RICK) began taking off in 2016 and small cap Buffalo Wild Wings (NASDAQ: BWLD) is being acquired by Arby’s Restaurant Group: