On a year-on-year basis, Australia's retail sales figures are up about 5 percent in May, says David Thomas, head of Australian consumer research at CLSA.» Read More
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.
Here's our latest contest "stock report." Dow Jones certainly proved a big winner with the unsolicited takeover bid by Rupert Murdoch. But DJ wasn't the only stock benefiting from M&A talk--as you can see. Meanwhile, earnings took their toll on the worst performers. There's a couple of new names (MOVE, ENTG) on the most active list--while the widely helds remained the same.
Here's our re-cap for the day--with the leaderboard/s, most active and widely held, and our trivia questions. We'll start there. The video question is worth $2,000 Bonus Bucks: Today supermodel Kate Moss unveiled a new collection of clothing. At what major British retailer will the line be sold? Your selection of answers is: Wal-Mart or Harrod's or Marks & Spencer or Topshop.
Hey folks, time for our trivia questions of the day. Here they are. The video question is worth $2,000 Bonus Bucks:Today supermodel Kate Moss unveiled a new collection of clothing. At what major British retailer will the line be sold? Your selection of answers is: Wal-Mart or Harrod's or Marks & Spencer or Topshop. The news question is worth $1,000 Bonus Bucks: According to the Intl. Air Transport Association, international air passenger traffic was up in Q1 of 2007. How much did it rise? Your selection of answers is: 10% or 19% or 7% or 15%.
Hey everyone. Here's a look at what the contest stocks are doing. We've added number of shares for the most active. Speaking of the most active, three names make an appearance for the first time--Qwest, Nam Tia Electronics and Vishay Intertechnology. But FMT and BQI are knocked out of the most active. The widely held remain the same. Two "bigger" companies...Chiquita and Wrigley...appear on the list of biggest gainers.
It's official--we are a broken record--as we talk once again about earnings when it comes to contest stocks. Earnings affected the best performers as well as the worst, showing how dominate those numbers can be when it comes to stock performance. And the hope of good earnings today put a new name on the most active list. (see below). Here ya go:
It's the "usual suspects" holding down the top three spots on Trading With The Stars. Jonathan Tucker and a very active Stephen Collins maintain a status quo by holding the first two positions. Jonathan has not made any transactions except for bonus bucks since 4/23, and Stephen had been active buying and selling and getting big gains on Advanced Energy--balanced by losses in C-Cor. James Cromwell continues to hold 3rd place.