Previous Close | 107.16 |
Open | 108.40 |
Bid | 106.53 x 1100 |
Ask | 106.60 x 1100 |
Day's Range | 106.01 - 108.40 |
52 Week Range | 105.75 - 181.70 |
Volume | |
Avg. Volume | 4,792,346 |
Market Cap | 48.956B |
Beta (5Y Monthly) | 1.01 |
PE Ratio (TTM) | 14.55 |
EPS (TTM) | 7.29 |
Earnings Date | Nov 15, 2023 |
Forward Dividend & Yield | 4.40 (4.11%) |
Ex-Dividend Date | Nov 14, 2023 |
1y Target Est | 150.00 |
It has been a tough couple of years for retail stocks. Last year, the SPDR S&P Retail ETF fell by 33% as rising interest rates weighed on the markets. It may be tempting to think that retail stocks may be bottoming out and that the new year could be better for them.
Student loan repayments resume this month and many borrowers will need to figure out how to adjust their budgets and spending habits. Thomas Simons, Jefferies U.S. Economist joins Yahoo Finance live to shed light on the next steps to take. Simons advises looking into loan services and being aware of what servicer has assumed the loan. Simons also advises looking for government assistance to find a way to “ease your way” back into loan repayment. In terms of consumer trends—Simons predicts certain “discounters” such as Target (TGT) and Walmart (WMT) will “pick up the slack” in terms of where borrowers will shop in order to save money. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Macerich's (MAC) success story at Kings Plaza in Brooklyn serves as a testament to its strategic vision and adaptability in the retail industry.