Concerns about Europe and slowing IT spending in North America were central in Nomura’s decision to trim estimates for numerous software companies on Monday. One analyst said that while the sector is suffering, they may be safe haven for investors.
Big retailers including Costco Wholesale, Macy’s, Target, and Kohl’s reported June sales that failed to meet estimates. Some retailers even changed their earnings forecasts as a result. As the back-to-school season and the holidays get closer, a rotten retail stock could start to stink. Here’s what analysts are looking out for.