{"id":125893,"date":"2019-11-21T22:16:58","date_gmt":"2019-11-21T22:16:58","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=125893"},"modified":"2019-11-22T14:16:21","modified_gmt":"2019-11-22T14:16:21","slug":"td-and-nordstrom-enjoy-a-quiet-thursday","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/td-and-nordstrom-enjoy-a-quiet-thursday\/","title":{"rendered":"TD and Nordstrom enjoy a quiet Thursday"},"content":{"rendered":"

The TSX closed Thursday flat again with utilities and banks enjoying healthy gains. Green<\/a> energy producer, Northland Power<\/a>, rose 1.23% to new high near $28. Similarly, Royal Bank<\/a>, jumped to a new high of $109.16, and TD came close to its own, closing at $77.16. TD has a stake of 42% in TD Ameritrade<\/a>, which shot up nearly 17% after it was reported that Charles Schwab<\/a> was in talks to acquire<\/a> the trading platform. TD Ameritrade has been choppy lately as it faces competition from no-fee trading apps. Schwab was up 7.33%.<\/p>\n

The TSX slightly outperformed the American indices which faded slightly on Thursday. However, the retail earnings parade continued after-hours when Nordstrom<\/a> released its latest earnings<\/a>. The retail chain soundly beat the street’s earnings-per-share forecast and raised its end-2019 forecast, predicting continued robust sales and few side-effects from the tariffs in the US-China trade war.<\/p>\n

Nordstrom’s optimism is in sharp contrast to guidance downgrades from peers Macy’s and Kohl’s, whose stocks have been hammered this week by disappointing earnings reports. Nordstrom shares popped 10% in after-hours trading. Compare that to Williams-Sonoma<\/a> which also reported after-hours, but issued disappointing sales<\/a> trends. The stock was down 4% after-hours.<\/p>\n

💥 Northland Power Inc<\/a> +1.23%
\n🏛 TD Ameritrade Holding<\/a> +17%
\n🏛 Charles Schwab Corp<\/a> +7.33%
\n👞 Nordstrom Inc<\/a> +10%
\n🍽 Williams-Sonoma Inc.<\/a> -4%<\/p>\n","protected":false},"excerpt":{"rendered":"

The TSX closed Thursday flat again with utilities and banks enjoying healthy gains. Green energy producer, Northland Power, rose 1.23% to new high near $28. Similarly, Royal Bank, jumped to a new high of $109.16, and TD came close to […]<\/p>\n","protected":false},"author":12,"featured_media":345019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[157,389,66,390,288,169],"class_list":["post-125893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-banks","tag-esg-investing","tag-green-energy","tag-online-trading","tag-retail","tag-utilities"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/125893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=125893"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/125893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/345019"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=125893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=125893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=125893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}