Nordstrom's most recent trend suggests a bearish bias. One trading opportunity on Nordstrom is a Bear Call Spread using a strike $62.50 short call and a strike $67.50 long call offers a potential 5.04% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $62.50 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock rose above the $67.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Nordstrom is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Nordstrom is bearish.
The RSI indicator is at 21.3 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Nordstrom
6 Stocks Outperforming the S&P 500
Wed, 03 Oct 2018 20:52:22 +0000
According to the GuruFocus All-in-One Guru Screener, the following stocks have outperformed the Standard & Poor's 500 index over the past 12 months and were bought by gurus during the last quarter. Warning! GuruFocus has detected 9 Warning Signs with AAPL. Kemper Corp. (KMPR) has a market cap of $5.03 billion.
Retail stocks take a tumble after Amazon's minimum wage hike announcement
Tue, 02 Oct 2018 15:30:00 +0000
Retail stocks including Nordstrom Inc. (down 2.1%), Kohl's Corp. (down 3%), Gap Inc. (down 3.3%) and Macy's Inc. (down 2.3%) have fallen in Tuesday trading after Amazon.com Inc. announced it was raising its minimum wage to $15 and advocating for a broader rise in the minimum wage to that level. Retailers, already feeling the pressure to attract and retain quality workers, could soon be feeling the tighter squeeze from larger, more competitive paychecks. "Amazon gets something of a free pass on profit levels from investors, so is able to manage market expectations," wrote GlobalData Retail Managing Director Neil Saunders in a note. "The same cannot be said for other retailers, many of which are under increasing economic pressure to increase wages and benefits. In our view, those moves could well impact earnings into the new year." The SPDR S&P Retail ETF , which is down 1.7% in Tuesday trading, has gained 8.3% for the year so far. The Amplify Online Retail ETF , down 3% in Tuesday trading, has gained 22.4% for 2018 to date. The S&P 500 index is up 9.4% for the year to date.
Avoid Losing Your Shirt in Stitch Fix Stock
Tue, 02 Oct 2018 15:18:52 +0000
Stitch Fix (NASDAQ:SFIX) is plunging by over 30% Tuesday following its earnings announcement after the bell Monday. Now, the company must convince the public that growth for SFIX stock will continue. With the innovative capabilities of competitors, and the likely ability by some to offer this service for free, I recommend that investors stay away from Stitch Fix stock.
Nordstrom (JWN) Local Retail Store Model to Drive Revenues
Mon, 01 Oct 2018 15:19:03 +0000
Nordstrom (JWN) introduces a Nordstrom Local store in Brentwood and is likely to open another in Downtown this October.
These retailers will be closed on Thanksgiving
Mon, 01 Oct 2018 13:00:00 +0000
Though holiday deals seem to be creeping earlier ahead of Black Friday — turning the entire week into a shopping extravaganza — many retailers are staying closed on Thanksgiving to let workers spend the …
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