Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Bed Bath & Beyond Inc.    BBBY

Delayed Quote. Delayed  - 08/26 09:41:26 pm
45.4 USD   -2.07%
08/25 Welspun faces new probe from Bed Bath, shares pressured
08/24DJBED BATH & BEYO : to Audit Egyptian Cotton Supplier -- Update
08/24DJBED BATH & BEYO : to Audit Egyptian Cotton Supplier
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

MARKET SNAPSHOT: U.S. Stock Indexes Tally Weekly Dip

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/05/2012 | 10:44pm CEST

By Kate Gibson, MarketWatch

NEW YORK (MarketWatch) -- U.S. stocks on Thursday closed with weekly losses as investors weighed Europe's return to the headlines against positive weekly claims data ahead of Friday's nonfarm payrolls report for March.

"Every indication is tomorrow's job report is going to be strong, and consumer spending has been strong," said Adrian Day, president of Adrian Day Asset Management in Annapolis, Md.

Yet, "in Europe, we've got a lot more turmoil coming," Day added of the case for some trepidation, illustrated by a decline in Spanish bond prices, raising the nation's borrowing costs.

Off 1.2% from last Friday's close, the Dow Jones Industrial Average (DJI) on Thursday declined 14.61 points, or 0.1%, at 13,060.1.

The S&P 500 Index (SPX) fell nearly 1 point to 1,398.08, or less than 0.1%, with the consumer-discretionary sector faring best and defensive sectors doing the worst among its major industry groups. The S&P 500 posted a weekly drop of 0.7%.

The Nasdaq Composite Index (RIXF) added 12.41, or 0.4%, points to 3,080.50, leaving it down 0.4% for the week.

For every two shares advancing, almost four fell on the New York Stock Exchange, where more than 719 million shares traded. Composite volume neared 3.3 billion.

The U.S. stock market is closed on Friday.

In economic news, the Labor Department reported claims for unemployment benefits dropped by 6,000 to 357,000 last week. The more stable four-week average declined to 361,750 from 366,000.

"Since last August or September, we've had the best six-month stretch we've seen in the job market in about six years," said Phil Orlando, chief equity-market strategist at Federated Investors.

Friday's nonfarm payrolls report from the Labor Department is projected to show an increase of 210,000, according to economists polled by MarketWatch.

"We think the number is going to be fine," said Orlando at Federated, which is forecasting a rise of 225,000 in Friday's report.

Target Corp. (>> Target Corporation) and department-store operator Macy's Inc. (M) were among those reporting better-than-expected monthly results.

"We think the jobs market continues to strengthen; you're getting sales data from individual stores today, and it looks like companies are blowing out March, on top of a much-stronger-than-expected February, so the consumer appears to be in pretty good shape," said Orlando.

Bed Bath & Beyond Inc. (>> Bed Bath & Beyond Inc.) rose 8.5% a day after the retailer reported a more profitable fourth quarter than Wall Street had anticipated.

Constellation Brands Inc. (>> Constellation Brands, Inc.) fell 12% after the wine maker projected earnings for its current fiscal year below analysts' estimates.

Market interrupted

Given the S&P 500's 12% advance in the first quarter, the market was "absolutely" in need of a pause, and concerns about Europe, and in particular Spain's escalated borrowing costs, provided a minor catalyst, according to Orlando.

"There are lots of good reasons that we had a rally in the first quarter. Europe got off the front pages, the U.S. economy is moving along, and the Fed is going to be easing forever, and the market got a little bit complacent," said Day of Adrian Day Asset Management.

"Suddenly, [Federal Reserve Chairman Ben] Bernanke said no QE3 [third round of quantitative easing] coming, and Spain is back on the front pages, and now everyone is saying everything is not going as well as we thought, let's just take what we've got while we've got it," said Day of events in recent days, which had the major indexes down for the first week of the second quarter.

But any pullback is more likely to be in the 3% to 5% range, in Orlando's view. "I don't think it'll be a 20% to 30% correction. We're up almost 33% from the October bottom, and much of that rally was achieved without the participation of hedge funds and retail investors."

"Retail investors are scared to death 2008 is around the corner and they'd lose everything," Orlando said. "Hedge funds are out of the market because they think the world is coming to an end. The hedges are now realizing they missed out on one of the greatest rallies, so any minor pullback has been met with hedge-fund buying."

Retail investors remain sidelined, but would like to begin returning to equities later in the year, the strategist believes.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BED BATH & BEYOND INC.
08/25 Welspun faces new probe from Bed Bath, shares pressured
08/24DJBED BATH & BEYOND : to Audit Egyptian Cotton Supplier -- Update
08/24DJBED BATH & BEYOND : to Audit Egyptian Cotton Supplier
08/23 BED BATH & BEYOND : How to make your watermelon rind a keg
08/23 NASDAQ 100 MOVERS : Myl, amat
08/22DJTarget Cuts Ties With India Textile Company
08/17 BED BATH & BEYOND : College should support local businesses
08/16 BEST BUY : With World Market coming, can Midtown Village finally get off the gro..
08/16 BED BATH & BEYOND : Ayotte & White
08/13 BEST BUY : Can Midtown Village shopping center finally get off the ground?
More news
Sector news : Home Furnishings Retailers - NEC
08/25 Japanese seek bargains as economy limps, Abenomics loses shine
08/11 Steinhoff raises bid for Poundland, hedge fund adds stake
08/11DJSteinhoff Raises Poundland Offer 5%, Valuing Retailer at $796 Million-- Updat..
08/11DJSteinhoff Raises Poundland Offer 5%, Valuing Company at $796 Million
08/08 Steinhoff springs a surprise with $3.8 billion Mattress Firm deal
More sector news : Home Furnishings Retailers - NEC
News from SeekingAlpha
08/24 Bed Bath & Beyond hires auditor to investigate Indian cotton supplier
08/24 Bed Bath & Beyond snapped up One Kings Lane at bargain price
08/23 Game Plan For The Week - Cramer's Mad Money (8/22/16)
08/18 DISCOVERING THE NEXT IPO BIG WINNER : Analysis Of At Home
08/17 Retail sector takes hits after major names disappoint
Advertisement
Financials ($)
Sales 2017 12 328 M
EBIT 2017 1 231 M
Net income 2017 733 M
Debt 2017 1 064 M
Yield 2017 0,67%
P/E ratio 2017 9,53
P/E ratio 2018 9,08
EV / Sales 2017 0,67x
EV / Sales 2018 0,65x
Capitalization 7 161 M
More Financials
Chart BED BATH & BEYOND INC.
Duration : Period :
Bed Bath & Beyond Inc. Technical Analysis Chart | BBBY | US0758961009 | 4-Traders
Full-screen chart
Technical analysis trends BED BATH & BEYOND...
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 27
Average target price 43,8 $
Spread / Average Target -5,6%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Steven H. Temares Chief Executive Officer & Director
Arthur Stark President & Chief Merchandising Officer
Leonard Feinstein Co-Chairman
Warren Eisenberg Co-Chairman
Eugene A. Castagna Chief Operating Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BED BATH & BEYOND INC.-3.92%7 084
NITORI HOLDINGS CO LTD7.39%12 723
WILLIAMS-SONOMA, INC.-5.56%4 827
DUNELM GROUP PLC-4.67%2 397
RESTORATION HARDWARE H..-56.39%1 384
HAVERTY FURNITURE COMP..-5.55%425
More Results