Walgreens is cutting prices on more than 1,300 items as part of its “Summer of Savings,” the drug store chain announced Wednesday, joining a slew of big-box retailers slashing prices to boost sales amid persistent inflation.
It's not uncommon to see blue-chip stocks trading at a valuation premium. The reasons include low-beta, dividends, share repurchase and stable cash flows.
Chinese electric vehicle manufacturer Nio (NYSE: NIO ) saw its shares swing higher on Tuesday despite poor news. Earlier, Bank of America analysts reduced their price target of NIO stock to $5.90 from $6.50.
Target's latest earnings report disappointed investors. Its comps have declined for four consecutive quarters.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Target (TGT) have what it takes?
Target (TGT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Smith & Wesson is undervalued and could be a target for M&A activity, following interest in its competitor Vista Outdoor. The competitor has been approached by both strategic acquirers and private equity money, suggesting spread interest for the sector. The company's valuation is low compared to its peers and historical M&A transactions in the industry, suggesting potential for a multiple re-rate.
Target lost market share in the quarter as consumers looked for lower-priced items.
Two of the biggest retailers in the U.S., Walmart (WMT) and Target (TGT), recently reported earnings that beat analysts' estimates, but only Walmart's stock price jumped following the news of its performance. Target's stock price tumbled when it posted results.
With the unemployment rate at a multi-decade low, household buying power remains largely intact, even though most of the Covid savings have already been used up. And that's what we saw in the Q1 earnings season, with consumer spending largely holding up.
We had a Buy rating on BTB Real Estate Investment Trust as there was a compelling yield and discount to fair value. Q1 2024 results were strong across the board and the REIT achieved a 94.5% committed occupancy level. We go over why we are downgrading BTB Real Estate Investment Trust to a neutral.
Here are some of the major companies whose stocks moved on the week's news.