6.9 C
New York
Friday, March 29, 2024

'Here Comes The Artic Freeze To U.S. Retailers,' Says Brian Sozzi

Courtesy of Benzinga.

Related LOW
4 Stocks Trending On Social Media Today
Here's Who Benefits The Most If Sears Goes Bankrupt
Making Money With Charles Payne: 11/19/14 (Fox Business)

Related M
Morgan Stanley Breaks Down Its Best Ideas: Apple, Amazon And More
Attention Investors: This Little-Known Asset Class Just Hit 52-Week Highs
Making Money With Charles Payne: 01/08/15 (Fox Business)

Brain Sozzi, CEO and chief equities strategist of Belus Capital Advisors, wrote on Monday that an upcoming blizzard could hurt retailers' earnings results. The slow-moving winter storm is expected to hit the East coast on Monday evening, where areas such as New York City and Boston may receive up to 2 feet of snow.

Sozzi wrote, “Mall openings could be delayed, or locations outright closed for a day or two, as cleanup crews plow massive parking lots and retailers from Macy's (M) to Gap (GPS) seek to avoid putting their employees in harm's way. On the other hand, home improvement retailers Home Depot (HD) and Lowe's (LOW) are poised to rake in extra sales from demand for snow blowers, rock salt and shovels.”

In the past intense storms have negatively impacted sales for major retailers as consumer enthusiasm for spring shopping and demand for raw materials for outdoor construction has declined. Last year, frigid temperatures and snow storms disappointed investors of the retail industry and this year may not be any different.

Lowe's Companies, Inc. (NYSE: LOW), Macy's, Inc. (NYSE: M), Gap Inc (NYSE: GPS) and Home Depot Inc (NYSE: HD) were all slightly higher Monday afternoon.

Latest Ratings for LOW

Date Firm Action From To
Jan 2015 Morgan Stanley Upgrades Equal-weight Overweight
Jan 2015 Deutsche Bank Maintains Buy
Dec 2014 Nomura Initiates Coverage on Neutral

View More Analyst Ratings for LOW
View the Latest Analyst Ratings

Posted-In: Belus Capital Brian SozziAnalyst Color Analyst Ratings

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,450FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x