Nordstrom – Consensus Indicates Potential .4% Upside
Thursday, 4 August 2022, 12:36:55
Nordstrom with ticker code (JWN) have now 16 analysts in total covering the stock. The consensus rating is ”Hold”. The range between the high target price and low target price is between 32 and 12 with the average target price sitting at 23.75. With the stocks previous close at 23.66 this is indicating there is a potential upside of .4%. There is a 50 day moving average of 23.47 and the 200 day MA is 24.71. The market capitalisation for the company is $4,014m. Find out more information at: https://press.nordstrom.com [stock_market_widget type=”chart” template=”basic” color=”green” assets=”JWN” range=”6mo” interval=”1d” axes=”true” cursor=”true” api=”yf”] The potential market cap would be $4,030m based on the market concensus. Nordstrom, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; TrunkClub.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; Nordstromrack.com and HauteLook; clearance stores under the Last Chance name; Trunk Club clubhouses; and Jeffrey boutiques.
Nordstrom lands higher estimates from Morgan Stanley after strong Anniversary Sale
Wednesday, 3 August 2022, 13:49:48
Morgan Stanley updated estimates on Nordstrom (JWN) ahead of the company”s earnings report. Read more.
— Seeking Alpha
Walmart Profit Warning Weighs on Stocks
Tuesday, 26 July 2022, 17:58:00
U.S. stocks fell Tuesday after Walmart cut its earnings forecast, sending other retail shares lower and adding to concern that consumer spending might not be strong enough to keep the U.S. out of a recession. The Dow Jones Industrials dwindled 201.1 points midday Tuesday at 31,788.94. The S&P 500 gave back 44.48 points to 3,922.36. The NASDAQ tumbled 207.94 points, or 1.7%, to 11,574.73. Walmart cut its quarterly and full-year profit estimates because of rising food inflation. This alarmed investors who deliberated the implications for other retail stocks. The big-box retailer said higher prices are spurring consumers to pull back on general merchandise spending, particularly in apparel. Walmart plunged 8% Tuesday and dragged other retailers with it. Kohl’s dropped 7% and Target skidded 4%. Apparel companies were hit hard, with Nordstrom down 6% and Macy’s and Ross lower by 5% each. PVH lost about 4% and TJX Companies slid more than 3%. Inflation has also changed the cost of production for companies like General Motors.
— Baystreet Canada
Euro slides on Nordstrom squeeze
Tuesday, 26 July 2022, 15:36:41
The euro has taken a nasty tumble today. In the North American session, EUR/USD is trading at 1.0144, down 0.76%. Nord Stream 1 cut to 20% capacity The energy crisis surrounding Nord Stream 1, a key channel for Russian gas exports to Europe continues to simmer. Perhaps the pipeline should be referred to as ‘Nord […]
Nordstrom Stock Is A Steal
Monday, 25 July 2022, 18:27:31
Nordstrom”s new and improved retail strategies on consumer stickiness lead to partnerships with Allbirds and ASOS. See why I recommend a Buy for JWN stock.
— Seeking Alpha
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