Apparel

Wall Street Stock Forecaster Hotline – Friday, May 24, 2019

NORDSTROM INC., $33.50, New York symbol JWN, owns and operates 380 stores in the U.S. and Canada. Those locations sell upscale clothing and footwear. The stock fell 10% this week after the company reported lower-than-expected sales and earnings. In its fiscal 2020 first quarter, ended May 4, 2019, ...

Apparel Retailers Sink To Four Month Low

Market Recap for Wednesday, May 22, 2019 Our major indices finished with losses on Wednesday, despite strength in defensive sectors.  The S&P 500 and Dow  Jones held up best, falling just 0.28% and 0.39%, respectively.  The primary reason is that more defensive stocks are represented on those t ...

Artists entering Canada are targeted by Canada Border Services Agency

Recently, there have been multiple incidents of Canada Border Services Agency (“CBSA”) officers stopping artists for secondary screening.  We are aware of a number of incidents. The incidents occurred at multiple border crossings.  In all cases, the CBSA equated being an artist with being a d ...

Can I get my NEXUS Card back in less than 6 years?

If the Canada Border Services Agency (“CBSA”) confiscates or cancels your NEXUS Card due to an enforcement action (e.g. the CBSA seizes goods because you failed to declare the goods or the value provided to the CBSA was incorrect), your NEXUS Card will be cancelled for 6 years.  Normally, you ...

Canada Announces Appointment of Canadian Ombudsperson for Responsible Enterprise

On April 8, 2019, Canada’s International Trade Diversification Minister finally announced the appointment of Ms. Sheri Meyerhoffer as Canada’s first Ombudsman for Responsible Enterprise (“CORE”). On January 17, 2018, the Government of Canada announced that it would create an Office of the C ...

Clothing Stocks Gearing Up For Q2

Market Recap for Wednesday, April 17, 2019 We saw mixed trading on Wednesday with the benchmark S&P 500 falling 0.23% to end the session at 2900, still roughly 1.5% beneath the all-time high set in 2018.  Technology (XLK, +0.56%) and consumer staples (XLP, +0.50) led the action, but the continuin ...

Strong Earnings Lift Clothing Stocks

Market Recap for Thursday, March 28, 2019 Lululemon Athletica (LULU, +14.13%), PVH Corp (PVH, +14.76%), and Movado Group (MOV, +22.77%) all surged after the clothing & accessories retailers all posted much better than expected quarterly earnings.  The Dow Jones U.S. Clothing & Accessories Index ( ...

TJX Bucks the Selling Pressure

TJX Companies (TJX) is part of the S&P 500 and the Consumer Discretionary SPDR (XLY). It is also part of two growth ETFs (PWB and PXLG). Even though TJX is part of an economically sensitive sector, I would put them in a different category because they are known as an "off price" retailer for appare ...

Best ETFs in Canada for 2019

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Here's A Gem In Apparel Retail

Market Recap for Friday, March 15, 2019 It was another solid day for the bulls to close out last week.  It was also quad-witching options expiration Friday, which typically results in much-heavier-than-usual volume.  Volume was certainly heavy on Friday.  Leadership was found in the aggressive ...