Social Media Beat: What Experts And The Crowd Think Of Macy's, J C Penney And Target Into The Holiday Season
The expert began by discussing the holiday shopping season, “It's interesting to take a look at earnings past and future for some key retailers as we head into holiday and the all important Black Friday,” he said.
After the company reported disappointing earnings, Macy's stock tanked. “Currently, the Crowd is slightly bullish, while the Market Prophits are very bearish,” Gonta explained.
J C Penney also reported disappointing earnings and “proceeded to fall quite hard afterwards,” Gonta continued. “Currently, both the Crowd and Market Prophits are bearish.”
Finally, there’s Target, which “just beat earnings and raised the lower end of revenue guidance. Currently, the Crowd is bullish while the Market Prophits are bearish,” the analyst told Benzinga.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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