Miami, Florida, Coral Gables Shops at Merrick Park, Nordstrom Department Store with shopper entering. Jeff Greenberg | Universal Images Group | Getty Images Nordstrom on Thursday reported lower sales and profits for the holiday quarter, although earnings topped Wall Street’s expectations. The company said it expects sales to decline in the new fiscal year, reflecting … Read more
Check out the companies making headlines before the bell: Apple (AAPL) – Apple lost 2.2% in the premarket after BofA Securities downgraded it to neutral from buy. BofA said Apple has held up relatively well in a down market, but it expects a negative impact on the company from weakening consumer demand. CarMax (KMX) – … Read more
Here are the biggest calls on Wall Street on Thursday: UBS upgrades Eli Lilly to buy from neutral UBS says it’s bullish on the company’s weight loss drug and sees upside potential. “With these events in the rear-view mirror, we now view LLY as being the most attractive name in our large cap coverage, with … Read more