Summary of Key Points Core Viewpoint - Macy's Inc (NYSE:M) stock is facing significant resistance around the $12.60 level, which has limited gains for the past couple of months, and the 100-day moving average is also exerting overhead pressure, indicating potential downturns in the future [1] Group 1: Stock Performance - The stock is currently trading at $12.59, reflecting a 1.1% increase [1] - Since reaching a four-year low of $9.76 on April 8, Macy's stock has struggled to recover and is down approximately 26% year-to-date [3] Group 2: Technical Indicators - The stock is within 0.75 of the 100-day moving average's 20-day average true range (ATR), having spent over 80% of the last 10 days and two months above this level [2] - Historical data shows that after similar technical signals in the past three years, Macy's stock was lower one month later 80% of the time, averaging a 7.8% loss, which would place the shares at approximately $11.61 if this trend continues [2] Group 3: Options Market Sentiment - There is a potential unwinding of optimism among options traders, as indicated by a high 10-day call/put volume ratio of 7.47, which ranks higher than 86% of readings from the past year [3]

Core Points - Target is set to open a new store in Guilford, Connecticut on August 17, marking its 23rd location in the state [3][6] - The store will occupy a 78,000 square-foot space previously occupied by Walmart, which closed in May 2022 [4] - The new store will feature various services including "Apple at Target," a CVS Pharmacy, Starbucks Café, and Target Optical, and is expected to employ around 100 team members [5] Summary by Category Store Details - The Guilford Target store will operate from 7 a.m. to 10 p.m. on weekdays and 8 a.m. to 10 p.m. on weekends [3][4] - This store is part of a broader expansion, with eight new locations opening this summer across multiple states including California, Connecticut, Florida, New Jersey, New York, and Pennsylvania [6] Community Impact - The local First Selectman expressed excitement about the store's opening, highlighting the need for a large retailer following Walmart's exit [7] - The new store is expected to reduce travel for residents, thereby decreasing pollution and supporting local shopping [8]

Once the darling of Japanese stock investors, department stores have lagged the recent broad market rally https://t.co/6ylGI7UAI3 ...

Core Insights - The largest Valet Parking Driver (VPD) commercial scenario in China has been launched in Wuhan, developed by Huawei QianKun in collaboration with Wushang Group [1] Company Summary - The VPD scenario features advanced functionalities such as ultra-narrow parking space management and diagonal parking space recognition [1] - It currently supports models equipped with Huawei QianKun intelligent driving systems, including Lantu Dreamer, Lantu FREE+, and Dongfeng Mengshi [1] Industry Summary - The VPD commercial scenario covers over 8,000 parking spaces, marking it as the largest of its kind in the country [1]

Core Insights - Target Corporation is maintaining its 2024 prices on key back-to-school items, including a popular list of 20 essential supplies totaling less than $20 and a $5 backpack, emphasizing value, style, and convenience [1][3] - The retailer is reintroducing its student and teacher discounts, along with the Target Circle Week event from July 6-12, providing additional savings on school supplies and electronics [1][5] Pricing Strategy - Target is offering over 1,000 back-to-school items priced at $5 and under, with school supplies starting as low as $0.25, and backpacks available for $5 [4] - The retailer's dealworthy brand is expanding its lineup, featuring notebooks starting at $0.35 and composition books at $0.50 [4] Promotions and Discounts - Verified college students can access a one-time 20% off storewide discount starting June 29, while verified teachers can enjoy a similar discount from July 20 to August 30 [8] - Target Circle members can save an extra 5% daily and benefit from exclusive deals and early access during the back-to-school season [6][8] Product Assortment - Target is introducing new brands and expanded assortments, including a Champion collection for activewear and a Herschel x LEGO collection for backpacks, with most items priced under $40 [8] - The retailer is also offering trendy lighting, bedding starting at $10, and storage solutions from $5, catering to various back-to-school needs [4][8] Shopping Experience - Target provides convenient shopping options, including Drive Up and Order Pickup, enhancing the overall customer experience during the back-to-school season [6] - The School List Assist feature in the Target app simplifies supply shopping, allowing consumers to find class lists and check out items easily [8]

Group 1: Kohl's Corporation - Kohl's continues to experience revenue declines in apparel, footwear, and legacy homes despite sales gains from in-store initiatives like Sephora and Home Décor [2] - Structural risks to Kohl's store footprint are significant, with adjusted debt/EBITDAR ending 2023 at 3.6x, above the company's target of ~2.5x, and projected leverage may exceed 4x through 2024–26 [3] - Analyst forecasts fiscal year 2025 EPS at 56 cents and fiscal year 2026 EPS at 53 cents, both above Street estimates, while maintaining an Underweight rating with a price forecast of $8 [4] Group 2: Vail Resorts, Inc. - Vail Resorts may be nearing a turning point in revenue and earnings, aided by the return of former CEO Katz and unique growth drivers [5] - Key advantages include a premium resort portfolio, upfront revenue from the Epic Pass strategy, and a resilient customer base of high-income, frequent skiers [5] - Projected fiscal year 2025 adjusted EBITDA is $866 million and fiscal year 2026 at $908 million, both slightly above Street estimates, with a Neutral rating and price forecast of $167 [6] Group 3: Foot Locker, Inc. - Foot Locker faces challenges from inconsistent same-store sales, increased promotions, and brand allocation changes, particularly with Nike [7] - Dick's Sporting Goods aims to revamp Foot Locker through a $2.4 billion acquisition to create a larger global retail sports platform and enhance omni-channel capabilities [7] - Analyst models fiscal year 2025 EPS for Foot Locker at $1.10, ahead of the Street's $1.00, with a projected rise to $1.65 for fiscal year 2026, maintaining a Neutral rating and price forecast of $24 [8]

Core Viewpoint - The article discusses two heavily shorted stocks, Wolfspeed and Kohl's, highlighting the intense pessimism surrounding their financial health and the potential for short squeezes if either company shows signs of recovery [1][2]. Group 1: Wolfspeed - Wolfspeed is a chip company with over 45% of its floated shares sold short, marking the highest level in its history as of May 15 [2][3]. - The company is reportedly preparing to file for bankruptcy and has rejected proposals from creditors to restructure its $6.5 billion in debt, leading to a 59% drop in its stock price on May 21 [3][4]. - The company's future hinges on receiving $750 million in CHIPS Act funding, which is currently uncertain due to potential changes under the Trump administration [4][5]. - Analysts believe Wolfspeed could still receive tax credits despite the uncertainty around the CHIPS Act, and the company plans to apply for $600 million in tax credit refunds after June 30 [7]. - The high short interest makes Wolfspeed a candidate for a short squeeze, but analysts have suspended coverage due to the likelihood of financial restructuring [8]. Group 2: Kohl's - Kohl's has a short interest of just under 54% of its floated shares as of May 15, the highest level ever, reflecting concerns over its financial performance [9][10]. - The company has not posted positive year-over-year sales growth since Q4 2021, and its recent CEO was ousted due to misconduct, indicating significant internal issues [11]. - Despite the challenges, some analysts have raised their price targets for Kohl's, with Baird and Telsey Advisory Group setting targets of $9, suggesting a potential 10% increase from recent prices [12]. - However, bearish analysts at Barclays and Goldman Sachs have set lower price targets, indicating a divided outlook on the stock's future [13].

Core Insights - Kohl's Corporation reported a first-quarter fiscal 2025 loss per share of 13 cents, which was better than the Zacks Consensus Estimate of a loss of 22 cents and improved from a loss of 24 cents in the prior year [1] - Total revenues for the quarter were $3,233 million, down from $3,382 million in the same quarter last year, but exceeded the Zacks Consensus Estimate of $3,176 million [1] - Comparable sales declined by 3.9% year over year, which was better than the expected decrease of 6% [1] Financial Performance - Gross margin increased by 37 basis points to 39.9%, surpassing the expected increase of 10 basis points [2] - SG&A expenses decreased by 5.2% to $1,164 million, and as a percentage of total revenues, they fell by 32 basis points to 36% [2] - Operating income rose to $60 million from $43 million in the previous year, with an operating income margin expansion of 58 basis points to 1.9% [2] Financial Health - At the end of the quarter, Kohl's had cash and cash equivalents of $153 million and shareholders' equity of $3,779 million [3] - The company reported net cash used in operating activities of $92 million for the three months ending May 3, 2025 [3] - Kohl's expects capital expenditures to be between $400 million and $425 million for fiscal 2025 [3] Future Outlook - For fiscal 2025, Kohl's anticipates a net sales decline of 5-7% and comparable sales to decrease by 4-6% [4] - The expected operating margin for the year is projected to range from 2.2% to 2.6% [4] - Full-year earnings per share are forecasted to be between 10 cents and 60 cents [4]

Core Insights - The redevelopment plans for the Annapolis Mall, including the conversion of JCPenney and the opening of a charter school, have faced significant delays and challenges [1][7][13]. Group 1: JCPenney Developments - JCPenney has delayed its closure and is now negotiating a long-term lease at the Annapolis Mall, extending its operation through at least August 31 [3][10]. - The original plan to close JCPenney by May 16 has been halted, and the retailer is optimistic about reaching an agreement with the landlord [11][12]. - The mall's redevelopment proposal included converting JCPenney into multiple storefronts and a gym, but this plan is now on hold [8][9]. Group 2: Charter School Cancellation - The New Village Academy charter school has canceled its planned opening due to increased construction costs and federal funding cuts, which had already been delayed from an initial launch in August 2024 [7][13]. - A $5.8 million construction loan was required for the school, but construction costs rose by $900,000 due to tariffs and economic instability [14][15]. Group 3: Mall Ownership and Future Plans - The Annapolis Mall is under new ownership by Dallas-based Centennial, which is focusing on experiential businesses and luxury retailers [6]. - There are considerations for building housing outside the mall as part of its redevelopment strategy [6].

Core Insights - Kohl's reported revenue of $3.23 billion for the quarter ended April 2025, a year-over-year decline of 4.4% [1] - The EPS for the same period was -$0.13, an improvement from -$0.24 a year ago, with a surprise of +40.91% compared to the consensus estimate of -$0.22 [1] Financial Performance - The reported revenue exceeded the Zacks Consensus Estimate of $3.2 billion, resulting in a surprise of +0.88% [1] - Comparable store sales showed a year-over-year decline of -3.9%, contrasting with the average estimate of 0% based on five analysts [4] - Net sales were reported at $3.05 billion, surpassing the average estimate of $2.99 billion, but still reflecting a year-over-year change of -4.1% [4] - Other revenue was reported at $184 million, slightly above the average estimate of $179.90 million, representing a year-over-year decline of -9.8% [4] Market Performance - Kohl's shares have returned +20.9% over the past month, outperforming the Zacks S&P 500 composite's +6.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]