Sears laid out a rare profit, Abercrombie & Fitch sold more surfer-inspired apparel than expected and Best Buy got a jolt from electronics
U.S. stocks climbed for the sixth day in a row Thursday as strong first-quarter results from retailers like Best Buy and PVH led indexes to record highs. That offset a plunge in oil prices. The Russell 2000 index picked up 0.88 points, or 0.1 percent, to 1,383.39.
Peter Keith, Piper Jaffray, and Brad Thomas, KeyBanc Capital Markets, discuss Best Buy, which is taking the online fight to Amazon.
Best Buy shares are rocketing, but it's because of more than just solid stats. Best Buy is actually a fun place to shop.
On Wednesday, PVH reported first-quarter earnings and revenue that topped Street estimates, and it raised its outlook for the full year.
David Schick, Consumer Edge Research, discusses his buy rating on Best Buy as it hits an all-time high.
CNBC's Courtney Reagan reports on the winners and losers of retail stocks intraday, including Best Buy and Sears.
Tech was once always in your way. Soon, it will be almost invisible. The Verge Reports.
Best Buy said it now expects second-quarter comparable sales to grow between 1.5 percent to 2.5 percent.
NEW YORK— U.S. stocks climbed for the sixth day in a row Thursday as strong first-quarter results from retailers like Best Buy and PVH led indexes to record highs. Kate Warne, an investment strategist for Edward Jones, said she doesn't think Thursday's retail earnings are a sign that business for traditional retailers is getting better. And even though OPEC and a...
Brian Nagel, Oppenheimer senior equity research analyst, and Hessam Nadji, Marcus & Millichap CEO, discuss Best Buy's big earnings beat, posting results against the overall down trend in the retail sector.
Stocks indexes closed at record highs on Wall Street again as the market posted its sixth straight gain, its longest winning streak in three months. PVH, which owns Calvin Klein and Tommy Hilfiger, rose 4.8 percent. Slightly more than half of the stocks on the New York Stock Exchange rose.
U.S. stock index futures pointed to a higher open on Thursday as oil-producing nations agree to extend production cuts for nine months.
Joe Feldman, Telsey Advisory Group, breaks down Best Buy's quarterly results which posted an EPS beat of $0.60 adj. on revenues of $8.528 billion. The momentum is there to outperform, says Feldman.
Some of the names on the move ahead of the open.
For the three months that ended April 29, Best Buy Co.' s revenue climbed to $8.53 billion from $8.44 billion. That's better than the $8.26 billion analysts expected, according to a poll by Zacks Investment Research. Sears Holdings Corp. reported a loss of $222 million for the first quarter as revenue fell 20 percent.
Jim Cramer reveals the market events he will keep an eye on next week, calling attention to a different stock-moving entity.
Amid a slew of retailers reporting earnings this week, retail stocks are largely trading in negative territory Friday.
Still, Canaccord Genuity upped its Apple price target to $180 in anticipation of increased iPhone sales in 2018.
Whole Foods Market has been struggling to turn around its business, as sales continue to decline.