Kohl's and Macy's Enjoy a Strong Start to the Holiday Season

Kohl's and Macy's Enjoy a Strong Start to the Holiday Season
Kohl’s (NYSE: KSS) has been posting mediocre comp sales growth in recent quarters, while Macy’s (NYSE: M) hasn’t reported growing comps in nearly three years. Shares of both companies have plunged since 2015, as investors began to fear that department stores may never mount a successful comeback. In this episode of Industry Focus: Consumer Goods , the cast digs into... Read More

Why Ambarella, Inc. Stock Popped Today

Why Ambarella, Inc. Stock Popped Today
What happened Shares of Ambarella Inc. (NASDAQ: AMBA)  are up 16.4% as of 12:30 p.m. EST Friday after the video processing chip specialist announced better-than-expected fiscal third-quarter 2018 earnings. More specifically, Ambarella’s revenue declined 11.4% year over year to $89.1 million, within Ambarella’s guidance provided last quarter for revenue between $87.5 million and $90.5 million. Trending toward the bottom line,... Read More

Close Update: Wall Street Regains Composure After Flynn-Related Selling Frenzy

Close Update: Wall Street Regains Composure After Flynn-Related Selling Frenzy
Stocks clawed back most of Friday’s early losses but still ended the day modestly lower after developments from Robert Mueller’s investigation into the 2016 presidential campaign triggered a selling frenzy across Wall Street. After being down by nearly 400 points, the Dow snapped back after the Democrats lost a vote to send the tax reform package back to committee, but... Read More

Tiffany & Co. Stock Upgraded: What You Need to Know

Tiffany & Co. Stock Upgraded: What You Need to Know
Every day, Wall Street analysts upgrade some stocks, downgrade others, and “initiate coverage” on a few more. But do these analysts even know what they’re talking about? Today, we’re taking one high-profile Wall Street pick and putting it under the microscope… Tiffany & Co. (NYSE: TIF) reported its fiscal Q3 2017 earnings early Wednesday morning, sparking an immediate 1.6% sell-off in... Read More

Update: TSX Loses 28 Points Despite Strong Jobs Data, Rising Loonie & Higher Oil Prices

Update: TSX Loses 28 Points Despite Strong Jobs Data, Rising Loonie & Higher Oil Prices
Canada’s main stock market ended in the red Friday despite stronger-than-expected jobs number which led to a surging loonie. The S&P/TSX Composite Index fell 28 points or 0.2% to close at 16,038. For the week, the TSX was off 0.4%. U.S. markets also ended in negative territory today, still the Dow Jones posted its best week of 2017. Tech stocks... Read More