Three more updates you need to know

Article Excerpt

NORDSTROM INC. $29 remains a hold. The company (New York symbol JWN; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 157.8 million; Market cap: $4.6 billion; Price-to-sales ratio: 0.4; Dividend suspended in March 2020; TSINetwork Rating: Extra Risk; www.nordstrom.com) owns and operates over 350 stores in the U.S. and Canada. Those locations sell upscale clothing and footwear. The stock has rebounded strongly from its March 2020 low of $12 and it rose as high as $46 in March 2021. However, the stock has moved down to its current level, partly due to concerns that supply chain disruptions could hurt sales during the important year-end holiday shopping season. Nordstrom gets about 20% of its products from China, and has already warned shoppers of potential shortages. The tight labour market will also increase its costs as it usually hires extra staff for the holidays. Nordstrom is a hold. GANNETT CO. INC. $5.77 remains a hold. The company (New York symbol GCI; Conservative-Growth Portfolio, Consumer sector: Shares outstanding: 142.6 million; Market cap: $822.8…