Tag: Specialty Retailing

Target’s traffic growth tops Costco, a good sign with back-to-school and holidays still to come

Target Corp. has had average traffic growth of 4.8% over the last 13 quarters, just one of the reasons why the retailer was upgraded to buy from neutral at UBS. UBS raised its price target on Target TGT, +0.55% to $265 from $210. The traffic growth figure exceeds those from Costco Wholesale Corp. COST, -0.31%, […]

Read More

Bitcoin, GameStop and NIO bets turned this flight attendant into a millionaire: Now he’s wagering it all in one final push to $3 million

Don’t invest like Andrew Dawood — you may never be as lucky. The Egyptian-born resident of Dubai turned roughly $50,000 in savings into $1.7 million on a series of white-knuckle bets on bitcoin BTCUSD, -4.42%, Chinese electric-vehicle maker NIO NIO, -0.75%, and videogame-retailer GameStop Corp. GME, -12.64% over a four-year period, he told MarketWatch in […]

Read More

Empty lots, angry customers: chip crisis throws wrench into car business

Americans are shopping for cars in near-record numbers, but the world’s computer-chip shortage has left dealers with the fewest offerings in decades. The market mismatch is driving up prices, and many buyers expecting to drive new cars off the lot have to wait weeks or months for their vehicles to arrive. Some showroom models sell […]

Read More

ThredUp stock falls after first post-IPO earnings report

Shares of ThredUp dropped nearly 8% in after-hours trading Wednesday as investors gave the cold shoulder to both online secondhand retailers reporting quarterly results in the extended session. ThredUp TDUP, +3.78% reported a narrower-than-expected first-quarter loss and sales that were above forecast. Earlier Wednesday, Poshmark Inc. also reported a quarterly beat, but shares tanked as […]

Read More

These 20 stocks performed the best over the first 100 days of Biden’s presidency

(Updates story with closing prices through April 30, President Biden’s 100th day in office.) Joe Biden has had a spectacular run — especially in the stock market. Friday was his his 100th day in office. During the new president’s first 100 days in office, the Dow Jones Industrial Average DJIA, -0.54% rose 8.6% and the […]

Read More