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Message
Worst retail day in 5 years
Posted on 5/11/16 at 2:26 pm
Posted on 5/11/16 at 2:26 pm
...down 4%
Many big names down 4-8% or MORE today.
WHY? Wrapping of a subpar earnings season?
I'm assuming the failed merger between Office Depot and Staples didn't help...down 40% and 18% respectively.
Fossil down 29%
Macy's 15%
Wendy's 9%
Popeyes 4%
Dunkin 3.5%
Netflix 3%
Walmart 2.5%
Target 5%
Toyota, not U.S., but damn! 6%
Many big names down 4-8% or MORE today.
WHY? Wrapping of a subpar earnings season?
I'm assuming the failed merger between Office Depot and Staples didn't help...down 40% and 18% respectively.
Fossil down 29%
Macy's 15%
Wendy's 9%
Popeyes 4%
Dunkin 3.5%
Netflix 3%
Walmart 2.5%
Target 5%
Toyota, not U.S., but damn! 6%
This post was edited on 5/11/16 at 2:36 pm
10
Posted on 5/11/16 at 2:45 pm to bayoubengals88
Wife is sick in bed today.
Posted on 5/11/16 at 2:46 pm to bayoubengals88
And Amazon just hit a new all time high....
Posted on 5/11/16 at 2:48 pm to Shepherd88
quote:
Shepherd88
quote:
And Amazon just hit a new all time high....
Someone gets it...
Posted on 5/11/16 at 2:54 pm to GFunk
Ahh...
Posted on 5/11/16 at 3:23 pm to Chuker
quote:
Wife is sick in bed today.
We don't get a lot of humor on this board. Well Done.
Posted on 5/11/16 at 3:24 pm to GFunk
quote:
Someone gets it...
That explains Macy's Walmart and Target
It doesn't explain the others.
Posted on 5/11/16 at 3:30 pm to LSUFanHouston
What do they say about a rising tide? Whatever it is, I'm sure the converse is applicable when the tide is out...no?
Posted on 5/11/16 at 3:37 pm to GFunk
quote:
What do they say about a rising tide? Whatever it is, I'm sure the converse is applicable when the tide is out...no?
That's a heck of an ocean there.
I get the Amazon vs Brick and Mortar thing.
There may be valid reasons the fast food chains are dropping today, but I just don't see how they can be related to the Amazon vs Brick and Mortar thing, unless we just have some panic setting in on all things discretionary spending. Which I guess is possible.
Posted on 5/11/16 at 4:12 pm to LSUFanHouston
I'm not saying there's a correlation to Amazon going up vs fast food going down. But it's obvious Amazon has stolen a lot of biz from brick and mortar stores as you pointed out too. I do think in relation to the fast food chains though there has been a push towards being more health conscious in this country. Haven't seen Whole Foods numbers lately but the trend for them has been on the upside.
Posted on 5/11/16 at 4:14 pm to bayoubengals88
quote:
Target 5%
Breitbart and 75% of the poliboard believe this can be attributed to an online petition related to TGT's stance on the he-she bathrooms.
Posted on 5/11/16 at 4:20 pm to bayoubengals88
Any of these a good buy?
Posted on 5/11/16 at 5:31 pm to Shepherd88
Curious, am I the only millennial that has never used amazon before?
Posted on 5/11/16 at 5:35 pm to HYDRebs
Yes. Odds are you had to travel Memphis to post this...
Posted on 5/11/16 at 5:40 pm to LSU6262
Long term? I like everything but TGT, M, and FOSL...but even M should be ok.
I like food stocks. I haven't looked into Wendy's and exactly how bad they missed, but I've watched it for 18 months and I'd bet it hits 11 again. When, I don't know
I like food stocks. I haven't looked into Wendy's and exactly how bad they missed, but I've watched it for 18 months and I'd bet it hits 11 again. When, I don't know
Posted on 5/11/16 at 6:41 pm to bayoubengals88
quote:
I'm assuming the failed merger between Office Depot and Staples didn't help...down 40% and 18% respectively.
It was strange reading about the merger and why it failed stating companies lacked choices for buying basic low-margin office supplies.
Posted on 5/11/16 at 7:28 pm to bayoubengals88
Is Office Depot a good buy?
Posted on 5/11/16 at 7:57 pm to HYDRebs
quote:
Curious, am I the only millennial that has never used amazon before?
Yes, with the exception of Netflix I can't tell you the last time I bought something from the companies listed in the OP.
Posted on 5/11/16 at 8:02 pm to Kramer26
Just bought 300 shares of BKE
Posted on 5/12/16 at 7:52 am to Paul Allen
quote:I can't imagine so, but I have no idea.
Is Office Depot a good buy?
quote:Hell of a yield. Best of luck!
Just bought 300 shares of BKE
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