Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS portfolio, weighs in since Cramer is out in California this week.
Nordstrom Impresses With Earnings
The Real Money stock of the day posted stronger-than-expected third-quarter earnings and boosted its full-year profit outlook as its focus on digital shopping offset a slump in full-price product sales.
Nordstrom earned 81 cents a share in the quarter, up from 39 cents a year earlier and well ahead of analysts' forecasts of 63 cents. Revenue fell to $3.67 billion from $3.75 billion but matched expectations.
Nordstrom said it doesn't expect tariffs on China-made imports to have a material effect on its fiscal 2020 earnings, and it nudged the lower end of its prior guidance 5 cents higher to a range of $3.30 to $3.50 a share while adding 10 basis points to its EBIT margin forecast. Net sales are still expected to fall around 2% from last year, the retailer said.
Digital sales in the third quarter rose 7% from a year earlier and now represent more than a third of overall revenue. That gain helped offset a 4.1% decline in full-price sales.
Let's Talk Baby Yoda...and Frozen
Frozen 2 debuts Friday night.
And Baby Yoda has taken the internet by storm. There have been memes aplenty, and now Disney is going to make everyone's dreams come true by releasing Baby Yoda merchandise ahead of the holiday.
In case you live under a rock, Baby Yoda is one of the main characters in Disney's new original show, "The Mandalorian."
According to reports, you will soon be able to buy merchandise featuring the little green guy on Amazon (AMZN) - Get Report or at retailers such as Kohl's (KSS) - Get Report , Macy's (M) - Get Report , Hot Topic, Disney (obviously), among other places.
Last night, Tesla unveiled its newest car -- the Cybertruck.
The truck has a 250-mile range at the low end and 500 at the high end, according to Tesla. It takes 2.9 seconds to reach 60 mph, a performance figure that places it on par with a current model Porsche, the company suggested in a test video played at the product event.
The truck in its base model form will retail at $39,900 and up for the 250-mile range version. The top-line version sells for $69,900. That places it on par or below others in the electric truck market. Rivian's R1T model has a starting price of $69,000.
Bull Market Fantasy: LIVE TUESDAY & THURSDAY @10:45AM
Catch Up: Today's Top News Videos Below