Last week, which ended October 13, 2017, Fiat Chrysler (FCAU) stock remained mixed and witnessed a minor rise of 0.90%.
In the week ended October 13, 2017, Ford (F) stock settled at $12.05, a weekly fall of 2.1%. It was the first loss after seven consecutive weeks of gains.
Last week, which ended October 13, 2017, General Motors (GM) stock settled at $45.88 with a 2.1% rise from the previous week’s closing price.
Last week, the stocks of automakers General Motors (GM), Fiat Chrysler (FCAU), and Ferrari (RACE) continued to outperform the broader market, rising 2.1%, 0.90%, and 2.1%, respectively.
Nordstrom (JWN) stock is rated a “hold” by 17 of the 28 (or 61.0%) analysts covering the stock.
Nordstrom (JWN) stock fell 5.3% to $40.40 on October 16, 2017, in reaction to the news that the Nordstrom family suspended its efforts to take the company private.
Skechers (SKX) is covered by 12 Wall Street analysts, who have a positive view on the company. It has received a rating of 2 on a scale of 1 (strong buy) to 5 (sell).
Skechers’s (SKX) stock currently trades around 13 times its NTM (next-12-months) earnings, which compares to its three-year average PE (price-to-earnings) ratio of 16.3x.
Skechers (SKX), which should be reporting third-quarter results on October 19, is expected to post a 31% YoY (year-over-year) rise in earnings per share (or EPS).
As we’ve discussed in this series, Skechers (SKX) is slated to report its third-quarter results on October 19. Management expects revenues in the $1,050–$1,075 million range, rising 12.5% YoY (year-over-year) at the mid-point.
The California-based Skechers (SKX) is slated to release its third-quarter 2017 results on Thursday, October 19.
Walmart (WMT) stock rose 9.6% last week after the company reaffirmed its fiscal 2018 earnings guidance. It still expects the EPS to be $4.30–$4.40.
On October 10, 2017, Deutsche Bank raised the target price for Walmart (WMT) stock to $84 from $81 with a “hold” rating.
Harley-Davidson (HOG) will announce its fiscal 3Q17 results on October 17, 2017. Analysts expect the company’s earnings to fall 37.5% to $0.39 per share.
On October 6, CNBC reported that Amazon plans to sell prescription drugs online. Walgreens stock fell 7.7%, while CVS stock fell 5.6% last week.
The third quarter earnings season has picked up the pace. The S&P 500 Index finished the week ending October 13 with slight growth of 0.15%.
According to the recent data by Reuters, about 62%, 44%, and 48% of analysts have given “buy” recommendations on O’Reilly Automotive (ORLY), AutoZone (AZO), and Advance Auto Parts (AAP), respectively.
AutoZone (AZO), O’Reilly Automotive (ORLY), and Advance Auto Parts (AAP) are the three largest auto part retailers in the US market.
As of October 11, GM’s forward EV-to-EBITDA (earnings before interest, taxes, depreciation, and amortization) multiple was 7.3x.
According to the data compiled by Reuters, 77% of analysts covering Harley-Davidson stock have given it a “hold” recommendation.