Sarina Trangle
Corporate News Reporter at Investopedia
I cover consumer trends and how they shape corporate earnings at Investopedia News. [email protected]
Articles
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1 week ago |
investopedia.com | Sarina Trangle
Key TakeawaysShares of Lululemon Athletica stumbled as Morgan Stanley cut its target price for the athleisure company. Morgan Stanley on Wednesday sliced its price target for Lululemon ( LULU) stock from $373 to $346, but maintained its bullish "overweight" rating. The analysts' new target implies nearly 8% upside from Tuesday's close and is still above the average price target near $335 according to Visible Alpha. The retailer is scheduled to release its first-quarter results next Thursday.
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1 week ago |
investopedia.com | Sarina Trangle
Key Takeaways Shoppers are snapping up bling and bedding again, Macy's executives ( M) say. Big-ticket items, including mattresses and fine jewelry, have been selling well, Macy's CEO Tony Spring said during a first-quarter earnings call Wednesday. Americans aren't spending dramatically less despite economic sentiment deteriorating in recent months, he said, echoing other executives and economists.
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1 week ago |
investopedia.com | Sarina Trangle
Key Takeaways It was a blockbuster weekend for AMC Entertainment ( AMC). AMC had the most lucrative Memorial Day weekend in its history, setting records for admissions income, food and beverage sales, and total revenue at U.S. theaters, the movie theater operator said.
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2 weeks ago |
investopedia.com | Sarina Trangle
Key Takeaways Which big home improvement retailer-Lowe's Cos. ( LOW) or Home Depot ( HD)-looks like a better buy after earnings? It's close, according to Morgan Stanley, which isn't looking for big gains in either case. The bank's analysts this week reiterated "overweight" ratings on both companies' shares, restating price targets that imply slightly greater upside for Lowe's-$255, suggesting an 8.8% rise-than for Home Depot at $410, representing a 7.7% premium.
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2 weeks ago |
investopedia.com | Sarina Trangle
Key Takeaways Europe and Asia will be repping the latest Ralph Lauren ( RL) looks in the year ahead, but the luxury retailer's new releases may not sell as well in North America, executives said. Ralph Lauren released better-than-expected fourth-quarter results Thursday and said it expects the momentum to carry over into its new fiscal year-outside the U.S. and Canada.
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It's that time of year where candle aisles get lit. Bath & Body Works, in particular, gets busy with an annual candle sale that coaxes people out of bed before sunrise, attracts shoppers from abroad and entices people to add to 90-candle collections: https://t.co/fwvNIlzrKb
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Huntington developer Gregory DeRosa sued by investor for alleged fraud https://t.co/nS6lsxueyu
