Nordstrom's most recent trend suggests a bearish bias. One trading opportunity on Nordstrom is a Bear Call Spread using a strike $32.50 short call and a strike $37.50 long call offers a potential 5.26% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $32.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock rose above the $37.50 long call strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Nordstrom is bullish and the probability of a rise 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 26.43 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Nordstrom
Has Nordstrom Been Excessively Beaten Down?
Mon, 10 Jun 2019 03:16:41 +0000
Shares of Nordstrom (JWN) have taken quite a beating over the last six months. Warning! GuruFocus has detected 3 Warning Signs with JWN. The first thing that jumps off the page when reading Nordstrom's recent financial statements is how badly the company has performed with regards to sales.
Nordstrom confirms closure of Northgate store as mall redevelopment looms
Fri, 07 Jun 2019 18:15:56 +0000
Nordstrom is the latest retailer to announce its planned closure as Simon Property Group reimagines Northgate Mall.
See what the IHS Markit Score report has to say about Nordstrom Inc.
Fri, 07 Jun 2019 12:00:39 +0000
Nordstrom Inc NYSE:JWNView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate and declining * Economic output in this company's sector is expanding Bearish sentimentShort interest | NeutralShort interest is moderately high for JWN with between 10 and 15% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 5. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding JWN totaled $5.27 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. JWN credit default swap spreads are rising towards their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Stitch Fix Stock Rallies Big After Earnings Prove the SFIX Narrative
Thu, 06 Jun 2019 15:49:59 +0000
Stitch Fix (NASDAQ:SFIX) rose overnight after earnings beat expectations. The e-commerce clothing company said it earned $7 million — or 7 cents per share — for the quarter ending in April. The earning comes on net revenue of $408.9 million, a 29% increase year over year. SFIX stock opened this morning up 24%, which has since settled to a more 'modest' 16% gain from yesterday's close.Source: Stitch FixThis monster SFIX stock rally comes after analysts had been worrying about whether the company had enough cash, and the stock had been falling since its previous earnings announcement in March took the shares as high as $34.The latest news, demonstrating those earlier numbers were not a fluke, should send the shares back to its highs once trading opens June 6.InvestorPlace – Stock Market News, Stock Advice & Trading Tips What Stitch Fix Does RightStitch Fix's business may not seem like the most in-demand idea. SFIX has customers take a style quiz and then sends them clothing based on their size and preferences. Customers can then send back what they don't want and buy what they do. * 7 Ways to Make Berkshire Hathaway Stock More Attractive But there's a real demand here. Millions of women find they have no time to shop around and develop their personal style. This is the problem CEO Katrina Lake tries to fix through personalization technology and real stylists, examining not just what customers buy, but what they return. Customers answer some questions and pay a $20 "styling fee" to start. The data is matched with a company database, which then sends 5 items that can be bought or returned.The big story for the company in 2019 is its expansion into men's wear, children's wear, plus-size wear and the UK market, the success of which drove earnings in the most recent quarter.In her analyst call ,Lake also credited Style Pass, launched last year, a subscription service that lets regular customers pay $49 per year and get more personal style services. They Didn't Believe ItClothing is a tough e-commerce market, because everyone is different. It's especially difficult because tastes keep changing.Online retailers like Amazon (NASDAQ:AMZN) can fill this market, but the vast number of choices offered there make it difficult for people to find clothes unless they go in knowing specifically what they want and what looks good on them. Those customers who don't know exactly what they want or how things will look, still have to head to a department story like Nordstrom (NYSE:JWN) or similar. Even then, many are on their own when it comes to finding what looks best on them.Stitch Fix seems to have cracked the code. Some 62% of its roughly 5,500 employees are listed as stylists, meaning they work directly with about 3.1 million clients.At the company's present run rate of about $1.6 billion in fiscal 2019 revenue, the $2.3 billion market cap gives it a price-to-sales ratio of just 1.5. That's high for a retailer but very low for a technology company. Retailers like Walmart (NYSE:WMT) sell for about half their sales. SFIX stock's ratio is close to that of IBM(NYSE:IBM), which has a $116 billion market cap on about $80 billion in sales. (At the moment, I'd rather own Stitch Fix.) The Bottom Line on SFIX StockCo-founder Lake owns 16% of SFIX stock, but institutions own 66%. Benchmark Capital and its CEO, Bill Gurley, were early backers and Gurley sits on the company's board.Having proven its business model works, Stitch Fix would seem to be ripe for acquisition and scaling. Walmart, Target (NYSE:TGT) and Amazon are the most likely acquirers. * 10 Stocks to Buy That Could Be Takeover Targets If you're interested in owning SFIX stock, buy your shares before the sale.Dana Blankenhorn http://www.danablankenhorn.com is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear https://www.amazon.com/s?k=bridget+o%27flynn+and+the+bear&i=digital-text&ref=nosimacluecom , available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 4 FANG Stocks Won't Be Bitten By Regulation Threats * 10 Stocks to Buy That Could Be Takeover Targets * 4 Big Bank Stocks Rebounding Compare Brokers The post Stitch Fix Stock Rallies Big After Earnings Prove the SFIX Narrative appeared first on InvestorPlace.
Nordstrom, Inc. — Moody's affirms Nordstrom's Baa1 senior unsecured rating; outlook changed to negative
Wed, 05 Jun 2019 19:26:09 +0000
Moody's Investors Service (“Moody's”) today affirmed Nordstrom, Inc.'s Baa1 senior unsecured rating. “Nordstrom's business is facing pressure despite its continued leading investments to reduce friction and provide a seamless customer experience through multiple channels”, said Moody's Vice President, Christina Boni. Nordstrom's Baa1 rating is supported by its history of solid market positioning in both the department store and off-price segments.
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