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Retail
JPMorgan upgrades Abercrombie & Fitch: Is the stock a buy with a $194 price target?
July 23, 2024 12:58 AM AEST| By InvezzJPMorgan analyst Matthew Boss has upgraded Abercrombie & Fitch Co. (NYSE: ANF) from Neutral to Overweight, raising his price target from $167 to $194. This revised target, representing a 16% increase, implies a potential upside of approxima...
Unilever share price analysis: July 25th will be crucial
July 16, 2024 09:57 PM AEST| By InvezzThe Unilever (NYSE: UL) share price has done well this year. It has risen for nine straight months, pushing it to its highest point on record. It jumped to a high of $57.68 in New York and has outperformed other companies like Procter & Gamble (P...
Ocado lifts annual guidance, OCDO shares jump 18% amid improved warehouse technology profitability
July 16, 2024 08:42 PM AEST| By InvezzOn Tuesday, Britain’s Ocado Group (LON: OCDO) surprised the market by raising its annual guidance, attributing the adjustment to improved profitability in its warehouse technology business. This announcement reassured investors and sent Ocado&#...
Tesco share price sits at a record high; but is it a good value?
July 12, 2024 07:07 PM AEST| By InvezzUK retail stocks are doing well, with the biggest ones trading at a multi-year high. Tesco (LON: TSCO) share price soared to a record high of 316p on Friday, rising by almost 20% from its lowest point this year and 74% from its 2022 low. Sainsbury st...
Costco stock price analysis: a pullback cannot be ruled out
July 11, 2024 07:52 PM AEST| By InvezzThe Costco (NASDAQ: COST) stock price continued soaring this week after the company boosted its guidance and hiked its membership prices. It is in its third month of gains and is sitting at its all-time high of $900, giving it a market cap of over $3...
Alibaba stock price analysis: the comeback could be epic
July 10, 2024 05:30 PM AEST| By InvezzAlibaba (NYSE: BABA) stock price record of underperformance has continued this year. It has dropped by over 1.50% this year as the Nasdaq 100 and S&P 500 indices soared by double digits. The stock has also dropped by over 54% while the two indice...
Euro 2024: This is how much UK pubs can make if England wins the finals
July 07, 2024 07:16 AM AEST| By InvezzWhen England beat Switzerland in the heart-stopping round of penalties today, football fans across the country jumped in joy and most of them probably had a pint of beer in their hands. And this is precisely why the Euro 2024 football tournament coul...
Saks-Neiman deal ‘synergies are very, very large’: says former HBC boss
July 06, 2024 07:28 AM AEST| By InvezzJerry Storch – the chief executive of Storch Advisors is all praise for HBC acquiring Neiman Marcus for $2.65 billion. Storch has previously served as the head of HBC as well. The merger announced this week will bring a bunch of iconic luxury...
Ford reports mere 1% Q2 sales growth as dealership software cyberattack hurts
July 04, 2024 12:24 AM AEST| By InvezzFord Motor Company has reported a modest increase in sales for the second quarter of 2024, with total vehicle sales rising to 536,050 units, a mere 1% increase compared to the same period last year. This contrasts sharply with the 10% growth seen in...
Ocado share price analysis: a bargain or a value trap?
July 03, 2024 06:02 PM AEST| By InvezzOcado (LON: OCDO) share price has continued to underperform the FTSE 100 and FTSE 250 indices this year. It has crashed by over 60% in 2024 while the Footsie has risen by 5%. The same has happened in the past five years as the stock has dropped by 75...
Shein confidentially files for IPO in London
June 24, 2024 11:14 PM AEST| By InvezzFast fashion powerhouse Shein is in focus this morning following a report that it has confidentially filed for an initial public offering in London. The move could potentially value the retail firm at about $66 billion. Why is Shein opting for...
Ocado share price has collapsed and has a 40% downside
June 21, 2024 08:13 PM AEST| By InvezzOcado (LON: OCDO) share price has been in a freefall after peaking at 2,910p in 2021. It has plunged to a low of 320p, as I have predicted several times. Its market cap has plummeted to more than £2.6 billion, down from over £13 billion. Ocado woes c...
China’s 618 e-commerce festival sees 7% drop in sales amid economic headwinds
June 20, 2024 08:58 PM AEST| By InvezzChina’s annual 618 mid-year e-commerce festival, a significant indicator of consumer spending in the world’s second-largest economy, experienced a decline in sales for the first time in eight years. This drop, reported by retail data provider S...
Chewy stock analysis: technicals point to a 30% upside
June 19, 2024 06:39 PM AEST| By InvezzChewy (NYSE: CHWY) stock price has had a tumultuous stay as a publicly traded company. Its stock surged from below $30 before the Covid-19 pandemic and reached a record high of $120 in 2021 as demand for e-commerce surged. Chewy’s business is improvi...
GameStop annual shareholder meeting was a disappointment for investors: here’s why
June 18, 2024 04:56 AM AEST| By InvezzGameStop Corp (NYSE: GME) lost another 13% on Monday after its annual meeting concluded without a concrete update on the retailer’s future plans. GameStop hosted annual shareholder meeting on Monday The video gaming merchandise company could not host...
Aaron’s stock soars 30% as the lease-to-own retailer agrees to go private
June 17, 2024 11:23 PM AEST| By InvezzThe Aaron’s Company (NYSE: AAN) is up a whopping 35% in premarket on Monday after announcing a $504 million agreement with IQVentures Holdings. IQVentures values Aaron stock at $10.10 IQVentures has agreed to pay $10.10 for each share of Aaron’s in c...
Signet Jewelers reports a 9.4% hit to revenue in fiscal Q1
June 13, 2024 09:18 PM AEST| By InvezzSignet Jewelers Ltd (NYSE: SIG) is trading up in premarket on Thursday after reporting better-than-expected per-share earnings for its first quarter. Signet Jewelers offers encouraging guidance The stock is gaining also because the diamond jewelery c...
GameStop stock: Roaring Kitty pushes short seller Citron out of $GME
June 13, 2024 01:25 AM AEST| By InvezzGameStop Corp (NYSE: GME) is gaining at writing after short seller Citron Research said it has closed its entire position in the meme stock. Why did Citron close its short position in GameStop stock? Citron made the announcement this morning on X.com...
Rent the Runway stock: I’d avoid RENT ahead of earnings
June 06, 2024 06:02 PM AEST| By InvezzRent the Runway (NASDAQ: RENT) stock price has staged a strong comeback this year, helped by the ongoing meme stock craze. It has jumped by more than 136% in 2024, beating the S&P 500 and Nasdaq 100 indices. It has also beaten other fashion-relat...
Dollar Tree Q1 earnings: $DLTR could sell or spinoff Family Dollar
June 05, 2024 10:42 PM AEST| By InvezzDollar Tree Inc (NASDAQ: DLTR) is trading down in premarket on Wednesday after reporting in-line financial results for its first quarter. Why is Dollar Tree stock sinking today? The stock is slipping primarily because the chain of discount variety st...
