Discussing Sterne Agee's bullish call on Gap and the state of retail, with Ike Boruchow, Sterne Agee senior research analyst.» Read More
Hey folks, here's our look at the Second Chance Showdown leaderboard. Remember I asked yesterday if anyone got on the Winn-Dixie Bandwagon? Some 27 of you did go all-in on the Winn-Dixie trade, buying it on Monday at $20.01 and selling/holding it Tuesday at $27.45, for a 37.18% on strong earnings. Now, believe it or not, and you better believe it, we have 27 of you tied for the lead with the same portfolio value. That's mainly because most of you made the same trade, but that will change after today and the tie will most likely be broken.
Hi there. Now that trading's done for today, anybody get a boost off of Winn-Dixie? Let us know if you did. It certainly made a lot of news today (see below). The stock went sky high today on earnings--up some 38% or more. Shares of the company touched a 52-week high of $26.05 during the day. The reason? Same-store sales rose by 1.6 percent for the third quarter, driven by increases in the average shopping basket--which on an identical store basis rose by 3.6 percent.
See what analysts had to say today about the market on CNBC.
Dan Genter, president and chief investment officer at RNC Capital Management, told CNBC’s “Squawk on the Street” that investors should consider shares of retailers that sell home electronics and cater to younger consumers.
Hey everyone. We call tell you that Lina Kim has been confirmed as weekly winner number 10 in the Million Dollar Portfolio Challenge. She completes the list of weekly winners competing in the contest finals. Here some info on Lina. She's originally from Seoul, South Korea but lives in New York City. She's an accountant and trades for fun. Her strategy was to buy companies that were reporting earnings. The stock that surprised her the most was Helen of Troy. Her favorite sport is swimming and her favorite TV show are "24" and "Deal or No Deal."
Skype, the Internet telephony firm owned by eBay, made a powerful brick-and-mortar ally: Wal-Mart Stores. On Monday, the world’s largest retailer said it will start selling Skype calling cards, another element in the discount giant’s massive electronics onslaught.
Luxury accessories are the most profitable segment of the fashion business , which is why retail buyers are scouring the runways during New York Fashion Week looking for the "It" bag and the season's hottest shoes. The top-dollar acquisition of shoemaker Jimmy Choo is just the latest example of how savvy designers and investors trying to cash on consumers' seemingly-insatiable appetite for high-end shoes and handbags.
Like a runaway train, merger activity will continue to drive stocks this week, but investors will keep a cautious eye on key retailer earnings and economic data likely to impact day-to-day moves.
Foot Locker slashed its first-quarter earnings outlook, citing a 5.1% fall in quarterly same-store sales and markdowns at its stores in the United States.
Tony Dwyer, equity market strategist at FTN Midwest Securities, told CNBC’s “Morning Call” that large numbers of individual investors don’t appear to be participating in the current rally.
Retailers reported grim April sales data Thursday, well below views. What’s stopping consumers from flexing their spending muscle? Retail analysts Kimberly Greenberger and Brian Tunick joined CNBC’s Sue Herera on “Power Lunch” to explain.
The outlook for consumer spending dimmed Thursday after big retailers stumbled in April, their sales hurt by rising gasoline prices and the weak housing market.
Stocks are heading lower as April chain store sales promise a shower of negative news, though not unexpected. European markets are lower and Japanese stocks closed down on the day. But the star of Asia, China's stock market continues to bubble higher, and the Financial Times says the value of the shares that traded Wednesday on China's Shanghai and Shenzhen exchanges was greater than all of the rest of Asia combined.
Good morning. There could be changes ahead on the leaderboard. Serge Amelyan and Shi Nisman continue to hold the top 2 spots, but neither made transactions again on Tuesday--potentially risking their lead. That's because Stephen Luchko is in 3rd and only $366K from the #2 spot. Serge remains in the lead with a total portfolio value of $4,880,454.68 up $3,000 in bonus bucks from Monday's total. Serge remains all in cash.
A slew of retail sales numbers will come out Thursday - that gives you only one day to get long the winners and short the losers. Jeff Macke’s on hand to give some insight into what you can expect on Thursday.
We have an earnings video news report by CNBC/Wall Street Journal Editor Bob O'Brien. Bob looked at three companies--Disney, CVS Caremark and Molson-Coors. Disney reports after the bell today and CVS has already reported. Molson has yet to.
McDonald's said Tuesday global sales at restaurants open at least a year, rose 4.8% in April, boosted by strength in sales in Japan and China as well as extended hours, breakfast, and local menu offerings.
Hey everyone, here's Jeff Mishlove with his latest round of contest stock picks. He seems to be doing pretty well with his picks. Are you? Here he is: As I reported in Friday’s blog, and earlier, Week 8 of the contest was a thrilling experience for me – as I ended up on the weekly leaderboard in second place – with a portfolio that appreciated 112.98% for the week.
Timothy Sykes is back with his latest round of picks. Let's get right to them. By the way, he says he can't get enough of this as he's determined to come up with winners! Here his post: Instead of just commentating, I really wish I was playing this game! But when CNBC asked me to appear on air, I disqualified myself so there would be no conflict of interest with my picks. Ah, regulations, even in a contest, you gotta love them!
The Italian jeweler says there's new wealth to be tapped here.