Have-nots: SentinelOne (S) and Okta (OKTA). Haves in cybersecurity: Club name Palo Alto Networks (PANW), Zscaler, Crowdstrike (CRWD). Zscaler (ZS): multiple neutrals but multiple target price bumps, too. This is about Salesforce (CRM)-like story. Broadcom (AVGO) did say positive things about AI but not positive things about rest of the quarter. Oppenheimer removes stock from top pick list. Not clear yet and dividend might not be safe. Can CEO Mary Dillon pull it out like she did when leading Ulta Beauty (ULTA). Also not working : Club name Foot Locker (FL). Elsewhere, nothing really new and fresh in the stories and of course shrink. What's not working : Victoria's Secret (VSCO). (There's now a report that Amazon is talking to mobile carriers about offering free mobile to Prime members.) 5. Hard to be impacted by theft like other retailers with limited brick-and-mortar presence. No shrink (stealing) except when it comes to getting great prices. Rack bodes well for off-price retailer and Club stock TJX Companies (TJX). Supported by strong Rack outlet performance. Increasing stores (2500 stores to 3500 stores) and doubling sales. Lots of excitement, expansion, right merchandise. First up, what's working : Lululemon (LULU): community, excitement. Here's my special Friday retail edition of what's working and what's not working in this market. President Joe Biden will sign it and address the nation tonight. The Democratic-controlled Senate last night followed the GOP-controlled House and passed the bill ahead of Monday's default deadline. Credit to House Speaker Kevin McCarthy for getting it done. Both sides of the aisle agreed on debt ceiling compromise.
The Dow, the S & P 500 and the Nasdaq all looking at higher opens. Market odds still point Fed interest rate hike pause at June meeting. Unemployment rate rose to 3.7% versus decline to 3.5% expected. Jobs growth 339,000 in May versus 190,000 expected. My top 10 things to watch Friday, June 2 1. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
0 kommentar(er)
