Lowe’s (LOW) will announce its 1Q17 earnings before the market opens on May 24, 2017. Since its 4Q16 earnings on March 1, 2017, the stock has risen 15.1%.
Nordstrom’s (JWN) 12-month forward PE (price-to-earnings) fell 11% to 13.7x on May 12 in reaction to the company’s fiscal 1Q17 results.
Nordstrom (JWN) generated revenue (including credit card revenue) of $3.35 billion in fiscal 1Q17, which ended on April 29, 2017.
Nordstrom’s (JWN) gross margin (based on retail business excluding credit revenue) increased 7 basis points on a year-over-year basis to 34.3% in fiscal 1Q17.
Upscale department store chain Nordstrom (JWN) delivered EPS (earnings per share) of $0.43 in fiscal 1Q17 excluding one-time items.
Nordstrom’s (JWN) stock price fell 10.8% on May 12 in reaction to the company’s fiscal 1Q17 results, which were announced after markets closed on May 11.
In the second week of May, Tesla stock (TSLA) witnessed sharp recovery after falling 1.8% in the previous week. On Friday, the stock closed at $324.81.
In the week ending May 12, 2017, Fiat Chrysler Automobiles (FCAU) stock traded on a negative note and ended the week at $10.87 with a loss of ~4.4%.
For the week ending May 12, Ford stock continued to trade on a negative note. On Friday, the stock settled at $10.92 with a weekly loss of ~2.0%.
For the week ending on May 12, 2017, General Motors (GM) stock traded on a mixed note and ended at $33.62—a minor weekly loss of 0.4%.
While General Motors and Fiat Chrysler’s 1Q17 results reflected strength, Ford and Toyota continued to disappoint investors with dismal earnings results.
Cisco Systems (CSCO) plans to announce its fiscal 3Q17 results on May 16, 2017. Analysts estimate revenues of ~$11.9 billion, which would represent a decline from its 3Q16 revenues of $12.0 billion.
The Walt Disney Company’s (DIS) Disneyland in China (FXI) is proving to be extremely popular.
The Walt Disney Company’s (DIS) theme parks in the United States (SPY) continue to record strong attendance as the company leverages its intellectual property to add new attractions.
Disney further stated that it was not interested in a premium VOD service because its Studio Entertainment business produces around ten tentpole movies each year.
The Walt Disney Company’s (DIS) franchise-focused strategy seems to be resulting in solid dividends.
As of May 10, TJX Companies (TJX) was trading at a 12-month forward PE (price-to-earnings) ratio of 20.7x.
TJX Companies (TJX) exceeded analysts’ earnings expectations in all the quarters of fiscal 2016 and fiscal 2017.
In fiscal 4Q17, which ended on January 28, 2017, TJX Companies’ gross margin declined by 40 basis points on a year-over-year basis to 28.3%.
Leading off-price retailer TJX Companies (TJX) has been performing better than department stores over the past several quarters.