Some of the names on the move ahead of the open.» Read More
AutoZone, the largest U.S. auto parts retail chain, posted better-than-expected quarterly earnings on Tuesday, helped by improved profit margins and sales to the commercial sector.
Inflation data and some retailers' earnings are the big headlines ahead of Tuesday's opening bell. Home Depot, Target and Macy's all report early in the day. Traders will be watching to see whether the producer price index due out in the morning, shows the same trend as the consumer price index last week - an unexpected pickup in inflation.
Housing numbers, inflation data and lots of Fed speak loom large for markets but it may be the fate of bond insurers that really drive the direction of trading in the week ahead.
Stocks closed lower as investors worried about the impact of the credit crisis on the financial sector and on the wider economy.
AutoZone, the largest U.S. auto parts retail chain, said on Tuesday quarterly earnings rose 7 percent, helped by the sale of higher-profit products.
AutoZone, the largest U.S. auto parts retail chain, posted weaker-than-expected quarterly earnings as high gas prices curtailed demand, sending shares lower.
AutoZone, the largest U.S. auto parts retail chain, said its board elected William Rhodes as its new chairman and authorized the repurchase of an additional $500 million of the company's shares.
Imagine you're a CEO or board member of a publicly traded company and you get this letter, signed by two very powerful, very successful hedge funds: Dearest Sir, We believe you should make a huge acquisition because the company as it stands won't deliver the returns we want (I.E. not BIG enough!). By the way, we own a huge stake in your company, and we WILL make it bigger. (Read between the lines: Do what we say, or else.) XOXO, SAC and Jana.
Stocks ended mixed and the S&P 500 failed to close at a new record for the second straight session. "We started out a little weak, and then we had a nice little rally, but the buyers were already in and there was no place for stocks to go but down," said Tom Schrader, head of listed trading at Stifel Nicolaus. "It's indicative of the late stages of a bull market."
AutoZone, the largest U.S. auto parts retail chain, posted a 5% rise in quarterly earnings Tuesday as sales at existing U.S. stores edged higher.
Shares Car parts chain Autozone jumped to a new record high after it reported fiscal first-quarter profit rose 8% on higher sales and improved gross margins.