Stocks Analysis by Investing.com (Jesse Cohen) covering: Macy’s Inc, Dick’s Sporting Goods Inc. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
I believe Dick’s Sporting Goods' stock will outperform in the week ahead, with a potential breakout to a new record high on the horizon, as the athletic-gear retailer’s second quarter earnings will surprise to the upside, in my opinion, thanks to favorable consumer demand trends.
Q2 same-store sales - which are expected to increase 2.5% compared to last year - will likely top estimates thanks to resilient consumer demand for sports and recreation clothing and equipment even as overall discretionary spending wobbles. Shares are up 21.9% year-to-date, much better than the 7.2% gain recorded by the SPDR® S&P Retail ETF , which tracks a broad-based, equal-weighted index of U.S. retail companies in the S&P 500.Sticking with retailers, I anticipate Macy’s shares will suffer a challenging week ahead, with a potential revisit to recent lows on the way, as the struggling department store chain will miss estimates for second quarter earnings in my view and provide a weak outlook.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Investing Club's top 10 things to watch in the stock market FridayStocks are poised to open lower Friday, while Club name Estee Lauder posts a small quarterly profit.
Read more »
Dick’s Sporting Goods new sport stores feature climbing walls, golf bays and cagesOne of the Dick's House of Sport nine locations is in Pennsylvania.
Read more »
Estée Lauder 2024 sales, profit forecasts miss estimates By Investing.comEstée Lauder 2024 sales, profit forecasts miss estimates
Read more »
Ross Stores, Applied Materials rise premarket; Estée Lauder falls By Investing.comRoss Stores, Applied Materials rise premarket; Estée Lauder falls
Read more »
Calogero Selvaggio's profile on Investing.comGet the latest from Calogero Selvaggio, View the full profile on Investing.com
Read more »
Bill delivers mixed outlook, overshadowing Q3 results beat; shares sink By Investing.comBill delivers mixed outlook, overshadowing Q3 results beat; shares sink
Read more »