Nordstrom (JWN) reports Q1 2022 losses

Nordstrom (JWN) reports Q1 2022 losses 0

May 24, 2022

Nordstrom on Tuesday reported fiscal first-quarter sales ahead of analysts’ expectations and hiked its full-year outlook, citing momentum in the business as shoppers visited the company’s department stores to refresh their closets with designer brands and shoes. Nordstrom now sees fiscal 2022 revenue, including credit card sales, up 6% to 8%, compared with a prior

In a ‘baby with the bathwater’ market, here are a dozen unfairly punished stocks, ripe for a bounce 0

Finance

May 24, 2022

Another equity selloff is brewing as a warning from Snapchat’s parent has triggered broader panic, with fears Snap is the next canary in the coal mine for tech. Or it just may be another excuse to sell Monday’s rip, a strategy Bank of America recently advised as it believes full capitulation is some ways off.

Nvidia’s data-center sales likely to eclipse gaming — that might not be a good thing 0
- Finance
- May 21, 2022
Nvidia Corp.’s data-center sales are expected to edge out its gaming sales in fiscal first-quarter results, as demand from server farms remains high and gaming interest has subsided from rabid levels earlier in the COVID-19 pandemic. Nvidia NVDA, -2.51% is scheduled to report financial results after the closing bell on Wednesday. Analysts surveyed by FactSet
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Buy the dip or sell the ‘rip’?: What’s next as S&P 500 tests bear-market territory 0
- Finance
- May 21, 2022
Investors, already grappling with a sinking stock market and fears that the U.S. economy may be heading for a recession, now turn their focus to the consumer. For one thing, consumer discretionary stocks are among the hardest hit. The market’s fixation on peak inflation and how many times the Federal Reserve could hike interest rates
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Northrop Grumman and 5 More Companies That Raised Their Dividends This Week 0
- Finance
- May 21, 2022
Text size Northrop Grumman said it would raise its stock dividend. Courtesy of Northrop Grumman American Tower , Chubb , and Northrop Grumman were among the U.S. companies this week that announced plans to boost their dividends. American Tower (ticker: AMT) declared a quarterly distribution of $1.43 a share, up from $1.40, for an increase
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Earnings