Tom qab lub hli tas lawm, cov rhawv thaum kawg tau rov ua dua. Qhov ntawd ua rau cov neeg yuav khoom zoo siab, tab sis tso cov tuam txhab rov qab rau hauv kev ua si ntawm kev tswj cov khoom muag - thiab ntau dhau tuaj yeem ua rau kev muag khoom thiab, dhau los, cov txiaj ntsig.
Yuav pib nrog, kev rov ua dua tshiab ntawm dab tsi coj cov tuam txhab mus rau qhov chaw no: kev sib kis. Ua ntej, qhov kev kaw cia, thiab kev thov poob qis. Tom qab ntawd, rov qhib dua, thiab kev thov nce ntxiv, ntes tuam txhab uas muag tawm guard.
Nkag siab, cov tuam txhab lag luam maj nrawm xaj cov khoom siv.
Elf Kev Zoo Nkauj
(ticker: ELF), piv txwv li, hais rau cov tub ua lag luam thaum ntxov hauv lub xyoo tias nws tau nqa cov khoom muag ntau ntxiv kom paub tseeb tias cov khoom siv sib npaug. Hnub Wednesday, tus kws tsim tshuaj pleev ib ce tau tshaj tawm cov lej uas pom tias qhov kev txav mus los tsis tau rub los kev muag khoom thiab nyiaj tau los. Thiab cov khoom lag luam tau txais.
Dick Cov Khoom Ntaus Pob Ncaws Pob
,
Ntawm qhov tod tes, raug kev txom nyem los ntawm cov khoom muag ntau dhau lawm. Hnub Wednesday, lub tuam txhab tau txo qis qhov kev cia siab rau xyoo no rau kev muag khoom loj hlob thiab cov nyiaj tau los - nqis 3 feem pua cov ntsiab lus thiab 15% ntawm cov ntsiab lus nruab nrab yav dhau los, feem. Qhov ntawd tsis yog qhov xav tsis thoob, vim tias cov khoom muag tau nce 40%.
Cov khoom muag ntau dhau ua rau lub tuam txhab muaj peev xwm nce nqi ntau npaum li lawv xav tau. Hauv Dick cov ntaub ntawv, tus nqi fais fab tej zaum yuav eroding lawm. Txawm li cas los xij, cov khoom lag luam tau dhia, tab sis qhov ntawd yuav yog qhov tshwj tsis yog txoj cai.
"Ntau cov khoom muag tam sim no yog qhov pheej hmoo rau kev lag luam mob siab txog," Mike Wilson, tus thawj coj ntawm US tus tswv cuab kev ncaj ncees ntawm
Morgan Stanley
.
"Cov khoom lag luam ntau dhau thiab qhov kev pheej hmoo cuam tshuam rau tus nqi yog tsis to taub thiab tam sim no pib xav txog cov nqi Tshuag."
Cov khoom lag luam wholesale thiab ruaj khov ntxiv rau cov khaub ncaws uas tuav los ntawm Asmeskas cov tuam txhab yog cov plaub hau qis dua $ 800 nphom, nce los ntawm kev sib kis tag nrho ntawm $ 700 billion thiab tus nqi siab tshaj qhov tsis ntev los no txij li tsawg kawg 1997, raws li Morgan Stanley. Cov khoom muag ntawm cov khw muag khoom dav dav tau nce txog 15% xyoo dhau los, qhov kev loj hlob siab tshaj plaws hauv kaum xyoo.
Cov naj npawb nteg tawm, kom meej meej, ntau npaum li cas tuam txhab lag luam tau tsoo lawv cov khoom muag thiab tsuas yog cov khoom siv tau nce sai npaum li cas. Thiab qhov ntawd taw qhia rau lwm lub pob hauv cov lus nug: kev loj hlob hauv cov khoom muag yog outpacing kev muag khoom loj hlob.
Rau cov tuam txhab hauv S&P 500, qhov sib txawv ntawm kev loj hlob yog qhov dav tshaj plaws rau cov khw muag khoom. Kev loj hlob ntawm cov khoom muag rau cov khw muag khoom ib xyoos dhau ib xyoos tsis ntev los no tau kwv yees li 25 feem pua cov ntsiab lus siab dua li kev muag khoom loj hlob, raws li Morgan Stanley.
Qhov kev loj hlob ntawd txhais tau tias cov tuam txhab yuav tsum muag lawv cov khoom muag ntau dhau, qee zaum los ntawm kev nqa tus nqi tsawg dua li lawv tau npaj ua ntej. Kom paub meej, cov nqi tseem nce, tab sis tus nqi qis dua tuaj yeem ua rau cov paj tau paj tsis tau kwv yees.
Lub Hom Phiaj (TGT) yog ib qho piv txwv zoo tshaj plaws ntawm tag nrho cov saum toj no: nce cov khoom muag, diluted pricing power, profit margin miss.
Cia peb rhuav tshem: Lub hom phiaj kev muag khoom rau lub quarter tsis ntev los no ntawm $ 25.2 billion tuav cov kws tshuaj ntsuam kev cia siab ntawm $ 24.5 nphom, tab sis cov khw muag khoom xav tau kev sib tw loj dua rau cov txiaj ntsig kom tshaj qhov kwv yees. Cov profit ntawm $ 2.19 ib feem tau zoo tshaj qhov kev cia siab rau $ 3.07.
Thiab qhov ntawd tsis nco yog vim Target qhov kev ua haujlwm ntawm 5.3% poob qis ntawm kev cia siab rau 8.1%, uas coj peb rov qab mus rau tus nqi: Lub tuam txhab tsis tuaj yeem them tag nrho cov nqi nce nrog tus nqi nce.
Soaring cov khoom muag yeej tsis pab cov nyiaj tau los. Lub hom phiaj cov khoom muag tau nce 43.1%, thaum kev muag khoom tsuas yog nce 4%. Muaj ntau cov khoom muag ua rau nws nyuaj rau nce nqi ntau npaum li kev tswj hwm xav tau - thiab cov kws tshuaj ntsuam ntawm
Cowen
tam sim no ceeb toom ntawm markdowns ntawm cov khoom nyob rau hauv lub quarters tom ntej.
Lub ntsiab lus, rau tam sim no, yog tias "tag nrho cov nqi tau nce sai dua li cov nqi muag khoom, ua rau ... poob ntawm peb cov paj laum tag nrho," kev tswj hwm tau hais hauv lub tuam txhab cov nyiaj tau los hu.
Cov phiaj xwm kev lag luam tau nqis qis dua 25% txij li nws daim ntawv qhia txog nyiaj tau los rau lub Tsib Hlis 18.
Kev tshem tawm: Cov khoom lag luam loj rov tsim dua yog pib rov qab - thiab tsis muaj ntau dhau los ua txog qhov poob.
Sau ntawv rau Yakhauj Sonenshine ntawm [email tiv thaiv]