The Nordstrom stock (JWN) Jumped 37% today after the company reported positive earnings. Nordstrom’s net sales increased by 23% year-to-year to reach $4.5 billion in the last Q4 that ended on January 29, 2022.
Nordstrom’s revenue seems to have completely recovered from the Covid-19 pandemic-induced downturn. And as a result, the retailer could resume paying dividends this year starting from the coming quarters.
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today.
To help stock investors interested in investing in Nordstrom stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.
CAPEX.com is an awarded fintech brand, globally recognized for a strong presence in shaping the future of trading. The company focuses on making the markets more accessible & transforming the way people trade online.
Nordstrom stock is the stock of Nordstrom, Inc. shares and it trades on the New York Stock Exchange using the ticker NYSE: JWN.
Nordstrom, Inc. is an American luxury store chain. It was founded in 1901 by Carl F. Wallin and John W. Nordstrom.
Nordstrom started as a shoe store and evolved into a full-line retailer. It has various departments including departments for footwear, clothing, handbags, accessories, jewelry, fragrances, and cosmetics.
If you want to invest in the stock of a giant luxury retailer, then Nordstrom stock (JWN) could be a good choice.
Nevertheless, the stock proved to be very susceptible to pandemics following its crush during the Covid-19 pandemic, and if another wave of Covid-19 was to strike, the stock could lose the current gains.
If the market sentiments remain as they are, analysts expect the JWN stock price to get back above $30 before the end arch.
10/10
67% of retail CFD accounts lose money
There is good reason to be afraid. Previous down markets have seen declines in excess…
United Parcel Service, Inc. (NYSE:UPS) and FedEx Corporation (NYSE:FDX) are two robust logistics companies. Both…
Canadian crypto mining firm Bitfarms sold roughly $62 million worth of Bitcoin (BTC) in June,…
Invezz does not provide financial advice. Our aim is to simplify information about investing, enabling…
Noma, a Japanese film studio, has announced that it is producing three feature films that…
Bitcoin (BTC) saw continued strength on June 21 as Wall Street trading opened with a…