Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, June 9, 2017

Article Excerpt

NORDSTROM INC., $47.16, New York symbol JWN, owns and operates 354 stores in the U.S. and Canada. Those locations mainly sell upscale clothing and footwear. The stock jumped 11% this week after the company announced that members of the Nordstrom family want to make a takeover offer for 100% of the company’s shares. Right now, they own about 31%. However, if the Nordstrom family or other potential bidders fail to launch a takeover bid or decide against it, the stock would likely fall sharply. OUR RECOMMENDATION: Nordstrom is now a hold. Nordstrom recent coverage (please log-in to access these posts. Click here to log-in) April 2017 issue Hotline for November 11, 2016 WAL-MART STORES INC., $79.42, New York symbol WMT, is the world’s largest retailer, with 11,723 locations in 28 countries. The company continues to expand its Internet business. As part of that strategy, it will use employees at some of its U.S. stores to deliver packages on their drive home from work. Those who volunteer for this…