Big-Box Chains to Make Big Gains, Off-Price Could Fall Victim to COVID-19

Christel Deskins

It’s a big earnings week for retail.

Four of the country’s largest nationwide chains — big-boxes Walmart and Target, department store Kohl’s and off-pricer TJX — are set to report second-quarter financial results over the course of the next few days. (Alibaba and Foot Locker also report earnings on Thursday and Friday, respectively.)

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The numbers come at a precarious time for the retail sector, whose challenges amid shifting consumer habits and the rise of e-commerce have been compounded by the ongoing coronavirus pandemic. Government-imposed lockdowns and COVID-19 fears have already significantly impacted both top and bottom lines in the first quarter, albeit in different ways: For Walmart and Target, panicked shoppers drove a surge in sales of essential goods, while physical-first companies like Kohl’s, TJ Maxx and Marshalls took a huge hit as store traffic dwindled and, in most cases, completely halted for weeks.

As we

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Visualising tech billionaires’ wealth gains during the pandemic

Christel Deskins

Apple boss Tim Cook has joined the billionaire’s club after the coronavirus pandemic helped the technology giant’s share price hit record highs.

His new-found status comes just days after Mark Zuckerberg became the third member of the so-called “Centibillionaire Club” when his personal wealth rose to $100 billion (£76bn).

The Facebook co-founder follows Jeff Bezos and Bill Gates in reaching a 12-figure net worth, with the Amazon and Microsoft founders also seeing their fortunes rise considerably in recent months.

US tech billionaires now occupy seven places in the list of the top 10 wealthiest people in the world.

The wealth of Bezos in particular has shot up at an unprecedented rate, as lockdown orders around the world saw people turn to the online retailer for food and entertainment.

Since the start of the year he has increased his wealth by more than $75bn – more than the entire individual net

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Coronavirus child care pinch in U.S. poses threat to economic gains of working women

Christel Deskins

By Jonnelle Marte and Rachel Dissell

CLEVELAND (Reuters) – Most days, Zora Pannell works from her dining room table, sitting in front of her computer, turning off the video on Zoom calls to nurse her one-year-old daughter, Savannah.

Pannell has balanced working from home and caring for her daughter and son Timothy, aged 2, since March when she started a new job as a manager for a language services company the same week that Ohio issued a “stay at home” order to stop the spread of the coronavirus.

Working from home is an exhausting daily juggle but she’s more worried about being told it’s time to return to the office. Her husband cannot watch the children during the day because he has a job at a local steel mill and the couple have been unable to find a daycare center they deemed safe and affordable close to their Shaker Heights

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Dropbox (DBX) Outpaces Stock Market Gains: What You Should Know

Christel Deskins

In the latest trading session, Dropbox (DBX) closed at $22.56, marking a +1.3% move from the previous day. This change outpaced the S&P 500’s 1.24% gain on the day. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 1.35%.

Heading into today, shares of the online file-sharing company had gained 2.3% over the past month, lagging the Computer and Technology sector’s gain of 6.24% and the S&P 500’s gain of 7.09% in that time.

DBX will be looking to display strength as it nears its next earnings release, which is expected to be August 6, 2020. On that day, DBX is projected to report earnings of $0.17 per share, which would represent year-over-year growth of 70%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $464.68 million, up 15.74% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $0.74

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Chegg (CHGG) Outpaces Stock Market Gains: What You Should Know

Christel Deskins

Chegg (CHGG) closed the most recent trading day at $74.30, moving +1.2% from the previous trading session. The stock outpaced the S&P 500’s daily gain of 0.74%. Meanwhile, the Dow gained 0.43%, and the Nasdaq, a tech-heavy index, added 1.67%.

Coming into today, shares of the provider of online textbook rental services had gained 13.04% in the past month. In that same time, the Computer and Technology sector gained 4.01%, while the S&P 500 gained 5.51%.

CHGG will be looking to display strength as it nears its next earnings release, which is expected to be August 3, 2020. The company is expected to report EPS of $0.34, up 47.83% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $136.76 million, up 45.7% from the year-ago period.

CHGG’s full-year Zacks Consensus Estimates are calling for earnings of $1.20 per share and revenue of $554.05

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Etsy (ETSY) Stock Sinks As Market Gains: What You Should Know

Christel Deskins

Etsy (ETSY) closed the most recent trading day at $101.97, moving -1.71% from the previous trading session. This change lagged the S&P 500’s 0.91% gain on the day. Meanwhile, the Dow gained 0.85%, and the Nasdaq, a tech-heavy index, added 0.59%.

Coming into today, shares of the online crafts marketplace had gained 22.7% in the past month. In that same time, the Computer and Technology sector gained 8.52%, while the S&P 500 gained 5.26%.

ETSY will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.40, up 185.71% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $327.60 million, up 80.89% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $1.11 per share and revenue of $1.18 billion, which would represent changes of +46.05% and

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Box (BOX) Outpaces Stock Market Gains: What You Should Know

Christel Deskins

In the latest trading session, Box (BOX) closed at $19.03, marking a +1.12% move from the previous day. The stock outpaced the S&P 500’s daily gain of 0.91%. Elsewhere, the Dow gained 0.85%, while the tech-heavy Nasdaq added 0.59%.

Prior to today’s trading, shares of the online storage provider had lost 0.79% over the past month. This has lagged the Computer and Technology sector’s gain of 8.52% and the S&P 500’s gain of 5.26% in that time.

Wall Street will be looking for positivity from BOX as it approaches its next earnings report date. Meanwhile, our latest consensus estimate is calling for revenue of $189.44 million, up 9.79% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.50 per share and revenue of $764.60 million. These totals would mark changes of +1566.67% and +9.81%, respectively, from last year.

It is

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Wayfair (W) Stock Sinks As Market Gains: What You Should Know

Christel Deskins

In the latest trading session, Wayfair (W) closed at $217.92, marking a -1.04% move from the previous day. This move lagged the S&P 500’s daily gain of 0.91%. At the same time, the Dow added 0.85%, and the tech-heavy Nasdaq gained 0.59%.

Heading into today, shares of the online home goods retailer had gained 14.72% over the past month, outpacing the Retail-Wholesale sector’s gain of 11.98% and the S&P 500’s gain of 5.26% in that time.

Wall Street will be looking for positivity from W as it approaches its next earnings report date. This is expected to be August 5, 2020. On that day, W is projected to report earnings of $0.89 per share, which would represent year-over-year growth of 165.93%. Meanwhile, our latest consensus estimate is calling for revenue of $3.95 billion, up 68.58% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings

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Chegg (CHGG) Stock Sinks As Market Gains: What You Should Know

Christel Deskins

Chegg (CHGG) closed the most recent trading day at $69.20, moving -1.79% from the previous trading session. This move lagged the S&P 500’s daily gain of 1.34%. Elsewhere, the Dow gained 2.13%, while the tech-heavy Nasdaq added 0.94%.

Heading into today, shares of the provider of online textbook rental services had gained 18.68% over the past month, outpacing the Computer and Technology sector’s gain of 7.45% and the S&P 500’s gain of 3.92% in that time.

Wall Street will be looking for positivity from CHGG as it approaches its next earnings report date. This is expected to be August 3, 2020. In that report, analysts expect CHGG to post earnings of $0.34 per share. This would mark year-over-year growth of 47.83%. Meanwhile, our latest consensus estimate is calling for revenue of $136.76 million, up 45.7% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts

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Stitch Fix Gains 72% in 3 Months: What’s Driving the Stock?

Christel Deskins

Stitch Fix, Inc. SFIX is displaying solid momentum on bourses thanks to its constant efforts to improve client experience. Notably, management continues to strengthen its digital capabilities, with its direct-buy service stealing the show. Impressively, this online personal-styling service company’s shares have appreciated 72.3% over the past three months, significantly outperforming the industry’s 14.6% rally and the broader S&P 500 Index’s 12.5% growth.

Let’s Explore

Stitch Fix’s direct-buy facility, which was introduced last year, has been gaining massive popularity. This integrated facility allows clients to shop and select products directly from the company’s website or mobile app with highly personalized recommendations. Management continues to expand the facility to grab higher market share. The company has also started collecting client-feedback data on shipped direct-buy items, which will further reinforce personalized recommendations.

 

In order to make the facility an important client-acquisition tool, the company introduced “Trending For You” in early June. This

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