The department store giant expects to post a big Q1 loss due to coronavirus shutdowns. Macy's stock rose as the retailer detailed store reopening plans.
Rating Action: Moody's affirms seven and downgrades five classes of JPMCC 2012- CIBX. Global Credit Research- 22 May 2020. Approximately $755 million of structured securities affected.
Beyond Meat (NASDAQ:BYND) has fallen out of favor a few times over the last year. But after its most recent earnings report, BYND stock is back on investors' radar. Shares pushed through big-time resistance, and are set up for a possible breakout higher.Source: Shutterstock On May 5th, Beyond Meat reported earnings of 3 cents per share, surprising analysts with a 3-cent beat and a surprise profit. Moreover, revenue grew 141.4% year-over-year to $97.1 million and beat estimates by about $10 million.It was the quarter that bulls needed to see. All those pictures circulating online of fully stocked alternative-meat products no one seemed to want during the pandemic were put to rest -- at least for now. Shares ripped higher by 26% on the report, and are now higher by more than 37%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo, with all of that in mind, let's look at the charts before diving in. Trading BYND Stock Click to EnlargeBYND stock did not end 2019 on a good note, as Q4 was a rough ride. The first day of October was the stock's high for the quarter. Shares hit a high near $150, but ended the month just above $80 and continued to grind along $75 through year-end. * 7 Excellent Penny Stocks Ready to Roar However, once 2020 came around, shares erupted higher -- running from $75 to $130 in less than two weeks. This $130 area became resistance, though, stymying each rally in BYND stock until shares finally rolled over in February with the rest of the market.Fast-forward to May, and the stock was finally able to breakout over this mark on earnings and are now finding $130 as support. Coiling in the mid-$130s now, I think a move to $160-plus is possible. That is, assuming the overall market can hold up as well. If the market rolls over, it's possible that BYND stock will too.Short of that, though, this has all of the makings of a solid breakout. Earnings were strong and are in the rear-view mirror. Shares are through resistance and now holding that level as support. A move above $147.55 -- the May high -- puts $160 in play, followed by the 138.2% extension of the 2020 range, up near $168.Should the breakout fail, however, it puts the 200-day moving average in play. This level was resistance in April and was notably reclaimed on the post-earnings open in BYND stock. Breaking Down Beyond MeatWhen I look at a company's fundamentals, I immediately scope out four areas of interest. These readings give me a quick idea of whether the business is growing and what its financial health is like. Obviously, an exam goes deeper than just the surface, but this gives us a quick idea of what we're dealing with.The list includes: revenue, margins (both gross and operating), free cash flow and assets vs. liabilities.Broken down simply, revenue tells us whether the company is growing or not. That's pretty self-explanatory. Margins can be trickier, though, because contracting margins doesn't necessarily reflect an unhealthy company. But when they are expanding, it's a much-sought after catalyst.We like to see positive free cash flow, but again, there can be some grey area. Finally, weighing assets vs. liabilities helps us determine what type of balance sheet strength is presentIn weak companies -- like Chesapeake Energy (NYSE:CHK) or J.C. Penney (NYSE:JCP) -- we'll see most of these points paint a bleak outlook. In strong companies we'll see the opposite. So for BYND stock, the company does pretty good.Revenue continues to grow at a very healthy clip, going from $32.6 million in 2017 to $87.9 million in 2018 to $297.9 million last year. This year Beyond Meat is forecast to do more than $450 million in sales. Gross and operating margins have been expanding, too.Unfortunately, free cash flow is contracting rather than expanding. That's not the end of the world, although it's not ideal. However, the balance sheet is solid. Cash and short-term securities of $246.4 million crush current liabilities of $71.9 million, while total assets of $491.6 million outweigh total liabilities of $99.6 million.BYND stock is a bit expensive, but it's swinging from a loss to a profit with expanding margins and robust revenue growth.In any regard, though, the technicals look great. And over $130, Beyond Meat stock can continue to rise.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, he held no position in any aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post A Big Breakout Is Brewing in Beyond Meat Stock Right Now appeared first on InvestorPlace.
The department store wants to sell $1.1 billion of bonds backed by real-estate holdings, but it is just one step in a series of complex changes that mean investors should take extra caution.
Rating Action: Moody's affirms nine and downgrades three classes of UBS 2013- C5. Global Credit Research- 22 May 2020. Approximately $1.15 billion of structured securities affected.
While apparel retailer J.C. Penney (NYSE: JCP) may have bought itself a little time with its Chapter 11 bankruptcy filing, a countdown is still looming on its planned exit from Chapter 11 in November. As it works to avoid liquidation, the company is reopening more than 150 of its outlets this week, along with moving forward with its plans to put some of its properties into a real-estate investment trust, or REIT. A strict timetable governs J.C. Penney's efforts to dodge liquidation.
JCPenney (OTCMKTS: JCPNQ) today announced a significant enhancement to its home merchandise division with the launch of its Linden Street brand.
Yahoo Finance chats with Walmart U.S. CEO John Furner about the state of the world's large retailer amidst the COVID-19 pandemic.
Post coronavirus it's all about location. Location, Location.
Amazon.com (NASDAQ: AMZN) always seems to be rumored to be acquiring something, but could the bankruptcy of J.C. Penney actually result in a deal being made? Industry site WWD reports anonymous sources saying the e-commerce giant has boots on the ground in Plano, Texas, the department store's hometown, and is negotiating with the retailer. Whether Amazon makes a deal or not, and regardless if it's for part of the company or the whole thing, there is some good sense in it.
Rating Action: Moody's affirms seven and downgrades five classes of JPMCC 2012- CIBX. Global Credit Research- 22 May 2020. Approximately $755 million of structured securities affected.
Don't expect safety measures will fall by the wayside at Target once life gets back to some form of normal after the COVID-19 pandemic. Here's what Target's chairman and CEO Brian Cornell told Yahoo Finance.
Walmart continues to push forward with opening coronavirus testing sites at its stores.
Rating Action: Moody's affirms nine and downgrades three classes of UBS 2013- C5. Global Credit Research- 22 May 2020. Approximately $1.15 billion of structured securities affected.
Moody's rating action reflects a base expected loss of 6.3% of the current pooled balance, compared to 3.5% at Moody's last review. Three loans, constituting 22.0% of the pool, have investment-grade structured credit assessments.
The COVID-19 coronavirus outbreak has sent global markets into bear territory and economies into recession. And as the pandemic stretches on, it's inducing a growing number of bankruptcy filings.Though, in most cases, COVID-19 has simply acted as the straw that broke the camel's back.Consider the retail industry, which has endured a particularly difficult past two months. Most "non-essential" retailers are feeling the pain, However, those that were already overloaded with debt, as well as suffering from long-term declines amid changing tastes and Americans' swelling adoption of online shopping, have been pushed over the edge.But it's not just retail. COVID-19 is forcing companies across several industries to seek out Chapter 11 bankruptcy protection and other types of relief. Consider the energy sector, where the oil declines of 2014-16 weakened a number of exploration and production companies, only to have coronavirus-sparked demand slumps finish off the job. Financially wobbly companies in the restaurant and entertainment industries are starting to collapse, too.Just remember: Bankruptcy filings aren't always "the end." In many cases, Chapter 11 reorganizations and other maneuvers help companies shed significant amounts of debt, allowing them to continue operating as they try to find a new way forward. That said, COVID-19 is threatening to knock a few well-known brand names out of existence entirely.Here are 14 companies whose recent bankruptcy filings can be chalked up to the COVID-19 outbreak. In most cases, these businesses were already showing signs of financial duress - the coronavirus merely delivered the coup de grâce. SEE ALSO: 21 Stocks Warren Buffett Is Selling (And 1 He Bought)
Target Chairman and CEO Brian Cornell weighs in on the state of the retailer amidst the coronavirus pandemic in a Yahoo Finance interview.
The 118-year-old retailer must negotiate deadline challenges and the overhang of the pandemic. And its fate hangs not on its brand or retailing skills, but on its commercial real estate.
Greg Portell, Partner & Head of Global Consumer Industries & Retail Practice at Kearney, joins The Final Round to discuss the latest earnings out of the retail sector, Amazon Prime Day, and his expectations for Black Friday 2020.
The king of e-commerce would certainly, finally bring brick-and-mortar retailing all the way into the 21st century.