Retailers Naughty Or Nice This Year? App Store Data Shows Early Holiday Shopping Trends
Portfolio Pulse from Erica Kollmann
The 2023 holiday shopping season has seen Dick's Sporting Goods (DKS) and Costco (COST) on the 'nice list' with significant gains and positive analyst ratings, while Amazon (AMZN) also performed well with new 52-week highs. TJX Companies (TJX) and Walmart (WMT) are on the 'naughty list' due to disappointing guidance and stock performance, respectively. App Store data from SimilarWeb indicates strong mobile app performance for these retailers, with varying impacts on their stock prices.
December 21, 2023 | 9:49 pm
News sentiment analysis
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NEGATIVE IMPACT
TJX Companies' shares lag with only a 2% gain after issuing Q4 guidance below estimates.
TJX Companies' lower-than-expected guidance for Q4 is likely to dampen investor sentiment, potentially leading to a negative short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Walmart's stock falls 1.1% amid concerns over consumer behavior, despite its app's improved ranking.
Walmart's stock decline and the CFO's comments on concerning consumer behavior suggest a negative short-term impact, despite the mobile app's better performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Amazon hits several new 52-week highs with a 6% gain and a top-ranked shopping app.
Amazon's stock reaching new 52-week highs and its app's high download rank indicate continued investor and consumer confidence, suggesting a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Costco's shares are up 13%, with strong Q1 earnings and a special dividend, alongside a high-ranking mobile app.
Costco's better-than-expected earnings and special dividend, combined with its mobile app's performance, are likely to have a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Dick's Sporting Goods sees nearly 20% gains, buoyed by a positive analyst rating and strong App Store performance.
The positive analyst rating from Truist Securities and the strong performance of Dick's Sporting Goods' mobile app suggest a bullish short-term outlook for DKS.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90