Can Nordstrom’s Stock Rebound After A 10% Fall?

by Trefis Team
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Nordstrom’s stock (NYSE: JWN), the upscale specialty retailer offering apparel, shoes, cosmetics, and accessories for women, men, and children, declined by 10% in the last five trading days (one week). In comparison, the broader S&P500 index declined 3% over the same period. JWN stock has been down despite a second quarterly report that nominally beat expectations on both its top and bottom lines. Investors focused on the company’s inability to beat 2019’s sales levels and on the fact that it underperformed other retailers. In addition, the global supply chain environment is also really challenged right now which continued to negatively impact the company.

Now, is JWN stock poised to grow? Based on our machine learning analysis of trends in the stock price over the last ten years, there is a 46% chance of a rise in JWN stock over the next month (twenty-one trading days). See our analysis on Nordstorm’s Stock Chance Of Rise for more details.

And if you are considering JWN’s stock as an investment option over a longer time frame, you can also explore Nordstrom Stock Return Comparison against its peers.

[1] Returns of -10% or lower during five-day period in 95 times out of 2516; Stock rose in the next five days in 43 of these 95 instances

[2] Returns of -3.4% or lower during ten-day period in 670 times out of 2516; Stock rose in the next ten days in 346 of these 670 instances

[3]  Returns of -5.5% or lower during twenty-one-day period in 631 times out of 2516; Stock rose in the next twenty-one days in 293 of these 631 instances

E-commerce is eating into retail sales and should present a big opportunity for the logistics industry. See our theme on E-commerce Stocks for a diverse list of companies that stand to benefit from the big shift.

 

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