Micron Technology is a chipmaker that has been receiving a lot of attention from top-rated Wall Street analysts. Despite recent concerns about a potential economic slowdown, Micron Technology has managed to outperform expectations in the fiscal third quarter. The company’s strong performance can be attributed to the rising demand for artificial intelligence (AI) technology, which
E-commerce
The recent announcement of HBC’s acquisition of Neiman Marcus Group for $2.65 billion marks a significant shift in the luxury retail sector. The merger of these two iconic retailers is a strategic move to create Saks Global, a powerhouse that will encompass Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus’ flagship stores, and Bergdorf Goodman.
The recent Securities and Exchange Commission filing revealed that meme stock trader “Roaring Kitty,” also known as Keith Gill, has acquired just over 9 million shares of Chewy, equaling a 6.6% stake in the pet food e-commerce retailer. This move catapulted him to the position of the third-largest Chewy shareholder, according to FactSet data. With
FedEx experienced a significant boost in its shares, rising more than 15% after announcing earnings that exceeded analysts’ expectations. The company reported an earnings per share of $5.41, surpassing the anticipated $5.35. In terms of revenue, FedEx reported $22.11 billion, slightly higher than the expected $22.07 billion. Despite the positive results, FedEx’s full fiscal year
In today’s rapidly evolving retail landscape, traditional brick-and-mortar stores are facing increasing competition from e-commerce giants like Amazon. One such struggling retailer is Target, which is now turning to Shopify in a bid to revamp its online offerings. By teaming up with Shopify, Target hopes to attract new and trendier brands to its marketplace, Target
The first pick by the Street’s top pros is off-price retailer Burlington Stores (BURL). The company demonstrated positive results for the first quarter of fiscal 2024 and raised both its profit margin and earnings outlook for the year. Jefferies analyst Corey Tarlowe, who reaffirmed a buy rating on BURL, raised the price target to $275
Dollar Tree recently announced its plans to potentially sell its grocery-focused Family Dollar brand. The company has been facing challenges in revamping the struggling business, which led to the closure of almost 1,000 Family Dollar stores. This decision was made in an effort to streamline the Family Dollar banner and focus on growth acceleration at
In a strategic move to boost its international presence, AliExpress has recently announced that soccer legend David Beckham will be joining forces with the e-commerce platform as its global brand ambassador. This partnership marks a significant step for AliExpress in expanding its reach on a global scale. The deal comes at a crucial time when
One of the top recommended stocks by Wall Street analysts is Monday.com (MNDY). This workplace management software maker has recently impressed investors with its upbeat first-quarter results. The strong demand for its products across all end markets has driven this positive sentiment. Goldman Sachs analyst Kash Rangan reiterated a buy rating on Monday.com stock post
Explore smart business strategies for selling custom-designed merchandise. Learn how to stand out in a competitive market and boost your sales effectively.