New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 14, 2014
12:05 EDTJWNNordstrom technical commentary ahead of results
In the past three months the stock has outperformed the major averages, gaining over 10%. Almost the entire gain was a post-earnings reaction to prior quarter results. The bulk of the trading range in the period has been narrow, between $67.50 at the low and $70 at the high. The 52-week high at $70.71 would likely be the first major resistance encountered on better than expected news. As this is also the life high for the shares, the next upside objectives would likely be at common options price strikes such as $72.50 and then $75 on an extreme move. A breakdown below $67 on worse than expected news or outlook would not do immediate technical damage to the longer-term trend. The $64 level would be the one to watch on an extreme price reaction lower. This had been strong overhead resistance in the prior year. It would be expected to provide support if there is a test lower. A breakdown below $64 would be bearish for the long-term trend, and a move to $62 would put the five-year-long uptrend in jeopardy.
News For JWN From The Last 14 Days
Check below for free stories on JWN the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 4, 2014
09:01 EDTJWNNordstrom board authorizes $1B share repurchase program
Nordstrom announced that its board of directors has authorized a repurchase program of up to $1B of the company’s outstanding common stock, through March 1, 2016. The company intends to fund the repurchase program from existing cash on hand. The actual number and timing of share repurchases, if any, will be subject to market conditions and applicable Securities and Exchange Commission rules. This program is in addition to the company’s existing repurchase program that was approved by the board in February 2013. The existing repurchase program has $323Mn outstanding as of September 3, 2014, and will expire on March 1, 2015.
September 3, 2014
07:05 EDTJWNNordstrom in talks to be early merchant partner with Apple, Bank Innovation says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use