Shares of retail companies are trading lower in sympathy with Macy's and Dick's, which dropped following their quarterly earning reports.
Portfolio Pulse from Benzinga Newsdesk
Retail stocks are trading lower in sympathy with Macy's and Dick's, following their disappointing quarterly earnings reports.
August 22, 2023 | 2:24 pm
News sentiment analysis
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NEGATIVE IMPACT
Best Buy's shares may be trading lower in sympathy with Macy's and Dick's.
Best Buy's stock may be affected due to the overall negative sentiment in the retail sector caused by the disappointing earnings reports from Macy's and Dick's.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Dick's shares are trading lower following their disappointing quarterly earnings report.
Dick's reported lower than expected earnings, which has led to a decrease in their stock price. This is a direct impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Five Below's shares may be trading lower in sympathy with Macy's and Dick's.
Five Below's stock may be affected due to the overall negative sentiment in the retail sector caused by the disappointing earnings reports from Macy's and Dick's.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Nordstrom's shares may be trading lower in sympathy with Macy's and Dick's.
Nordstrom's stock may be affected due to the overall negative sentiment in the retail sector caused by the disappointing earnings reports from Macy's and Dick's.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Macy's shares are trading lower following their disappointing quarterly earnings report.
Macy's reported lower than expected earnings, which has led to a decrease in their stock price. This is a direct impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ulta Beauty's shares may be trading lower in sympathy with Macy's and Dick's.
Ulta Beauty's stock may be affected due to the overall negative sentiment in the retail sector caused by the disappointing earnings reports from Macy's and Dick's.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
VF Corporation's shares may be trading lower in sympathy with Macy's and Dick's.
VF Corporation's stock may be affected due to the overall negative sentiment in the retail sector caused by the disappointing earnings reports from Macy's and Dick's.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50