BIG Stock Recent News

Nvidia (NVDA) shares are falling after the artificial intelligence (AI) darling's quarterly earnings beat failed to impress investors; Dell Technologies (DELL) shares are dipping ahead of its second-quarter results after the bell; Salesforce (CRM) shares are jumping after its earnings surpassed estimates; business review site Yelp (YELP) is suing Alphabet's (GOOGL) Google; and Big Lots (BIG) shares are tumbling as the home retailer reportedly mulls a bankruptcy filing. U.S. stock futures are little changed, with Friday's inflation report expected to show cooling price pressures and reinforce expectations of a rate cut by the Federal Reserve.

Big Lots is reportedly considering bankruptcy amid continued declines in sales. The off-price home goods retailer received a loan earlier this year to help it navigate a liquidity crunch and is now seeking investors in an attempt to avoid bankruptcy, Bloomberg reported Wednesday (Aug. 28), citing unnamed sources.

Company to Broadcast Conference Call COLUMBUS, Ohio , Aug. 15, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) today announced it will report the results for the second quarter of fiscal 2024 on Friday, September 6, 2024. The company will host a conference call at 8:00 a.m.

In some cases, a market downturn is an invitation to acquire shares of compelling enterprises at a deep discount. It's akin to buying winter jackets in the summer at bargain rates.

Up to 315 of discount retailer Big Lots' locations could be on the chopping block and facing potential closure, a Securities & Exchange Commission (SEC) filing from Friday indicated.

Big Lots informed the SEC that the amended terms of a loan agreement include a reduced credit limit and higher interest rates on its credit line.

The company currently has more than 1,300 stores in operation across 48 states. Transcript: CONWAT GITTENS: Here's what we're watching on TheStreet today.

As the markets continue to change and more economic indicators cross their yield, signaling turbulence ahead, it is time to review your investment portfolio. Due to bad conditions, it may be a good idea to reassess holdings in communication, technology, and consumer discretionary sectors.

In the volatile stock market, understanding when and what to sell is equally vital as knowing when and what to buy. Here, the focus is on three beaten-down stocks to sell due to their fundamentals.

With economic uncertainties and fluctuating market conditions and stocks to sell Thus, one must be vigilant about protecting portfolios from potential downturns. Here, the focus is on three high-risk stocks, making them prime candidates for selling before the next market collapse.