Kohl’s stock drops sharply as it swings to an unexpected loss and issues 2024 profit warning https://www.marketwatch.com/story/k...-loss-and-issues-2024-profit-warning-c1d19bb7 Now that high interest rates are hurting US consumers, profit warning season is coming back. Please post anything here that we can CRUSH High Frequency Trading-style. FAST AND FURIOUS! Thanks!
It is important to identify the trend correctly, and trade with the trend. Congrats to those who shorted kohl earlier. $45 to $22 is a very handsome profit. Now you can laugh all the way to the bank. I doubt anyone took a long position As kohl was on the downtrend.
Interest rates hurting consumers??? Which consumers are these?? I honestly don't believe in consumer spending slowdown....it used to be that I did back in the day, but now a days the mindset of consumers is a totally different beast than it ever has been... this weekend step out and just take notice of how literally jammed packed every single place is. Near me there is traffic and restaurants packed people with their food carts full to the rim...Costco is jammed packed and everyone still paying premiums for brand new cars....look at concerts where tickets are now 150+ for nosebleed seats to thousands of dollars a rows out from the stage, venues are packed and people buying $1500 phones. It's everywhere. There is no consumer slowdown. That's all make believe. When they say kohl's or another retailer is seeing a slowdown that's not enough to go on, kohl's will probably be no existent in a decade or so I wouldn't pay any mind to their warning....aside from that with stocks touching new highs every single second, retirement portfolios literally surging and housing prices rising quick consumers feel extremely well off.....gdp is still healthy and if takes a small dip the fed will just print more money to prop it up.
That gamesmanship can last a long time before the US becomes another Brazil/Argentina then a Venezuela/Nicaragua/Cuba
DJT share price down nearly 50% since Trump guilty verdict https://www.cnbc.com/2024/06/21/trump-media-freefall-continues-djt-stock-down-6percent.html Trump Media recorded revenue of just $770,500 in the first quarter, the second-straight quarter of sub-$1 million revenue. Hit it hard and furious...
H&M plunges 13% on doubts over full-year margin target, June sales outlook https://www.cnbc.com/2024/06/27/hm-...ll-year-margin-target-june-sales-outlook.html
Micron tumbles as AI revenue surge falls short of lofty expectations https://ca.news.yahoo.com/micron-falls-ai-revenue-surge-101509628.html
Walgreens lowers guidance, says consumers pulled back on spending, plans major store closures The second-largest US pharmacy chain doesn't like what it's seeing from the US consumer. The company lowered its guidance in what it said was "reflecting challenging pharmacy industry trends and a worse-than-expected US consumer environment."
Empty shelves says they are not paying suppliers. Amazon is crushing them. Theft in large liberal cities is hurting profit margins. Rite-aid went out of business. Same result? What does their balance sheet look like?