Retail Rally: $JWN, $KSS, $M, $DDT, $DDS, $CBD, $EXTO Lift Department Stores' Performance by +6.8% in One Week

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The Department Stores sector has recently seen a remarkable surge in performance, with a notable increase of 6.8% over the past week. This upward momentum has attracted significant attention and is reflected in the positive outlook of key stock indicators and analytics.

Group of Tickers:

JWN (Nordstrom Inc.)
KSS (Kohl's Corporation)
M (Macy's, Inc.)
DDT (DataDot Technology Limited)
DDS (Dillard's, Inc.)
CBD (Companhia Brasileira de Distribuicao)
EXTO (Not identified in the available data)

Positive Outlook and Momentum: Today, stocks in the Department Stores group maintain a positive outlook, supported by the Momentum Indicator. This positivity is further affirmed by Tickeron, which predicts a potential increase of over 4.00% within the next month with a likelihood of 71%. Notably, the daily ratio of advancing to declining volumes over the last month was 1.07 to 1, indicating robust market activity.

MACD Indicator and Positive Trend: Five stocks within this group of tickers are exhibiting a similar positive trend based on the Moving Average Convergence Divergence (MACD) indicator, with an average likelihood of 77%. This indicator suggests that these stocks may continue their upward trajectory in the coming weeks.

Market Capitalization: The average market capitalization for companies within this group is $2.2 billion. The range of market capitalization among these tickers is from $0 to $5 billion. DDS currently holds the highest valuation at $5 billion, while DDT is the lowest-valued company in this group with a market cap of $0.

High and Low Price Movements: The average weekly price growth for all stocks in this group stands at 7.21%. In contrast, the average monthly price growth across the group is -0.2%, and the average quarterly price growth is -11.83%. Notably, EXTO has experienced the highest weekly price growth at 35.32%, while DDT had the most significant fall at -1.31%.

Volume Activity: In terms of trading volume, the average weekly volume growth for the tickers in this group is 115.84%. The average monthly volume growth is 39.15%, and the average quarterly volume growth is 31.22%. This indicates significant market activity and interest in these stocks.

Individual Stock Analysis:

Nordstrom Inc. (JWN): The Stochastic Indicator for JWN moved out of oversold territory on October 10, 2023, which often signifies a bullish trend. Historical data suggests that in 49 out of 56 cases, the stock moved higher in the days following this signal, with odds of a positive move exceeding 88%.
Kohl's Corporation (KSS): The MACD for KSS turned positive on October 16, 2023. In the past, when KSS's MACD turned positive, the stock continued to rise in 35 out of 43 cases over the following month, indicating a strong likelihood of an upward trend.
Dillard's, Inc. (DDS): DDS's 10-day Moving Average crossed below the 50-day moving average on September 13, 2023, suggesting a downward trend. Interestingly, in all past instances where this occurred, the stock continued to move higher over the following month. This indicates an unusual situation with odds of a continued downward trend at 10%.

In summary, the Department Stores sector, as represented by these tickers, is currently experiencing a surge in performance and positive market sentiment. While individual stock analyses suggest varying trends, the overall outlook is optimistic. Investors and traders should consider these trends and indicators when making decisions related to these stocks.

Related Ticker: JWN, KSS, M, DDT, DDS, CBDBY, EXTO

JWN in upward trend: price may ascend as a result of having broken its lower Bollinger Band on April 15, 2024

JWN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 34 cases where JWN's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 58 cases where JWN's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on April 26, 2024. You may want to consider a long position or call options on JWN as a result. In of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for JWN just turned positive on April 23, 2024. Looking at past instances where JWN's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

JWN moved above its 50-day moving average on May 02, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for JWN crossed bullishly above the 50-day moving average on May 01, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where JWN advanced for three days, in of 308 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where JWN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.870) is normal, around the industry mean (2.318). P/E Ratio (24.512) is within average values for comparable stocks, (26.979). Projected Growth (PEG Ratio) (0.286) is also within normal values, averaging (1.447). Dividend Yield (0.038) settles around the average of (0.030) among similar stocks. P/S Ratio (0.224) is also within normal values, averaging (0.474).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. JWN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. JWN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.

Notable companies

The most notable companies in this group are Macy's (NYSE:M), Nordstrom (NYSE:JWN), Kohls Corp (NYSE:KSS).

Industry description

A department store sells a wide variety of consumer goods under different “departments,” including (but not necessarily limited to) apparel, household appliances, home furnishings, personal care products, cosmetics, consumer electronics. During healthy macroeconomic conditions, consumers typically won’t shy away from big-ticket purchases; but during a downturn, consumer spending might get limited to the most necessary/daily essentials. Several department stores purchase items on bulk from manufacturers for resale to consumers at a profit. Some of the largest department stores companies in the U.S. include Kohl’s Corporation, Macy’s Inc., and Ollie’s Bargain Outlet Holdings Inc.

Market Cap

The average market capitalization across the Department Stores Industry is 3.29B. The market cap for tickers in the group ranges from 208.1K to 12.34T. MHRTF holds the highest valuation in this group at 12.34T. The lowest valued company is BONT at 208.1K.

High and low price notable news

The average weekly price growth across all stocks in the Department Stores Industry was 1%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 0%. CBDBY experienced the highest price growth at 20%, while TOKUY experienced the biggest fall at -15%.

Volume

The average weekly volume growth across all stocks in the Department Stores Industry was 14%. For the same stocks of the Industry, the average monthly volume growth was -39% and the average quarterly volume growth was -50%