Department Stores

(Monday market open) Given how the markets hang on every word spoken publicly by Federal Reserve Chair Jerome Powell, it only seems like he’s always speaking from a mountain top. This week, he will come close to making that metaphor literal. Powell’s speech on Friday morning at the...

Morgan Stanley analyst Alex Straton reiterated an Overweight rating on the shares of Nike Inc (NASDAQ: NKE) and lowered the price target from $130 to $127. Nike reported a Q4 revenue growth of 10% Y/Y to $12.82 billion, beating the analyst consensus of $12.59 billion....

Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google violated its promised standards when placing video ads on other websites, claims a new study. Google's YouTube hosts ads on its platform and places video ads on other sites through the Google Video Partners...

Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Stitch Fix, Inc. (NASDAQ: SFIX) with a price target of $5.  Stitch Fix recently appointed Matt Baer as its Chief Executive Officer and a member of the Board of Directors, effective...

Stitch Fix Inc (NASDAQ: SFIX) has appointed Matt Baer as its Chief Executive Officer and a member of the Board of Directors, effective June 26, 2023. Founder, interim CEO and Executive Chairperson of the Board Katrina Lake will continue in her role as Executive Chairperson of the Board....

Gainers MultiMetaVerse Holdings Limited (NASDAQ: MMV) gained 236% to $3.1592 after the company announced it signed a non-binding term sheet to acquire an equity stake in Taomee group. Yunji Inc. (NASDAQ: YJ) gained 83.8% to $0.39 after reporting first-quarter financial results. U Power Limited (...

U.S. stocks traded higher, with the Dow Jones gaining over 400 points on Friday. Here are some big stocks recording gains in today’s session. U Power Limited (NASDAQ: UCAR) shares gained 65.4% to $12.55. U Power shares jumped 144% on Thursday after the company announced it entered into a...

Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on the shares of Macy’s Inc (NYSE: M) with a price target of $25. Macy’s reported better than expected 1Q EPS of $0.56, coming in well ahead of the consensus estimate of $0.45 and...

Macy's Inc (NYSE: M) Chairman and Chief Executive Officer Jeff Gennette plans to retire in February 2024 after serving the company for 40 years. Following a succession planning process that included an internal and external search, the company has appointed its executive vice...

Telsey Advisory Group analyst Dana Telsey said physical stores remain the greatest source of new customer acquisition for most consumer companies. And, the pandemic removed the pre-pandemic conversation of “either or” between digital and physical channels, noted the analyst. Today...

Raymond James analyst Rick B.Patel reiterated an Outperform rating on the shares of Nike, Inc. (NYSE: NKE) with a price target of $130. The analyst's F3Q23 estimates (raised modestly on FX) are conservatively below consensus. Demand tailwinds include a strong start to Holiday...

The S&P 500 rose on Thursday following comments from Atlanta Federal Reserve President Raphael Bostic. Treasury yields fell from prior highs after Bostic argued for quarter-point hikes and said he preferred a "slow and steady" course of action for the central bank. Tesla, Inc. (...

(Thursday market open) Earnings season is having its last hurrah, but even solid results from a handful of major companies can’t compete with rising yields for attention on Wall Street. Major indexes remain under intense pressure from the fixed income market, and it’s hard to see a...

Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on the shares of Macy’s Inc (NYSE: M) with a price target of $25.00. Macy’s reported better than expected fourth quarter EPS of $1.88, coming in well ahead of the consensus...

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. BioRestorative Therapies, Inc. (NASDAQ: BRTX) shares jumped 34....