Jim Cramer tells the tale of this popular retailer that has pulled off a remarkable turnaround, despite there being no CEO.» Read More
U.S. retailers posted their best monthly sales performance in February since just before the recession started in 2007, as leaner inventories resulted in more sales at full price. Brian Tunick, managing director and specialty retail analyst at JPMorgan said he sees consumers continuing to make a comeback.
Stocks pulled back Thursday after a report showed an unexpected drop in pending-home sales. Stocks had opened higher Thursday after a report showed jobless claims fell last week and retail sales came in better than expected.
Greece will sell about 5 billion euros of 10 year bonds (at about a 6.3 percent yield) — it is well oversubscribed. They need to refinance up to 23 billion euros of maturing debt coming in the Apr/May time frame. 2. Retail sales for February have topped expectations. 3. Wal-Mart increased its dividend to $1.21 from $1.09 per year. Over 60 companies in the S&P 500 have increased their dividend since the start of the year. 4. A bankruptcy judge gave the management of General Growth Properties won a four month extension to keep control of the bankruptcy restructuring.
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We’re trying to identify names that go against the grain, said Jeff Utz, U.S. equity project manager at Credit Suisse. He shared his best contrarian plays with investors.
Stocks rallied Tuesday after a better-than-expected manufacturing report and some decent earnings reports. Merck and Chevron led the Dow. Kraft was the biggest drag.
With the euro appearing to stabilize on Tuesday, should you bet conditions in Europe are starting to even out. Or is this the calm before the storm?
Stocks rallied Tuesday after a manufacturing report blew past expectations and some decent earnings reports. Merck and Chevron led the Dow. Kraft was the biggest drag.
While the Greek stock market is down 2.4 percent this morning, most of the rest of Europe is up fractionally. China, Hong Kong, Taiwan and Malaysia markets are closed due to the Chinese New Year, while Brazil is in the middle of Carnival. Barclays rose 11 percent pre-open, as it reported profits nearly double that of 2008. And Simon Property Group made a $10 billion offer to buy all of General Growth Properties.
Investors return from the three-day holiday Tuesday and stock index futures pointed to a strong start for the broader markets.
What follows is a roundup of corporate earnings reports for Tuesday, Feb. 15.
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Following are the day’s biggest winners and losers. Find out why shares of Burger King and Abercrombie & Fitch popped while Berkshire Hathaway B’s and Akamai dropped.
With so many stocks not working on Thursday, we thought you’d like to know about a few that were.
January retail same store sales: how could the numbers be so far off? Retailers, for the most part, reported numbers higher than expected, in some cases WAY HIGHER than expected. How could sell-side analysts, who provide the estimates, be so far off? There's two problems...
S&P 500 futures lost about 4 points on the disappointing weekly initial jobless claims number. Sovereign debt issues, which popped up again yesterday, are back down in a big way today: Portugal down 3.2 percent, Spain down 2.6 percent, Greece down 1.7 percent. European banks are weak.
It's time for retailers to wake up. Fashion shoppers are abandoning basics and looking for unique, stylish items, and stores that break the recessionary trend of playing it safe will reap the rewards, analysts said.
What follows is a look at stocks in the S&P 500 displaying unusual volume in today's trading session.
Holiday shoppers bought a little more jewelry, electronics and boots but passed by the women's clothing racks, according to figures released Wednesday.
Retailers are offering more gimmicks than ever this holiday, as they try to coax shoppers into buying that little extra something that wasn't on their list.