Is the housing remodeling boom over? A status update from Lumber Liquidator is acting as a possible canary in the coal mine.» Read More
Stocks are striking a much-improved tone after Wednesday's high energy selloff, as investors await testimony this morning from Fed Chairman Ben Bernanke. Monthly chain store sales and some big earnings could also influence direction.
Costco Wholesale on Thursday reported a 9 percent rise in October sales at stores open at least a year, helped by higher gasoline prices.
Tesco is an awful name for a company that sells food, don’t you think? Makes me think of Texaco, or Test-co, or something else that starts with “test” which I won’t mention here. Perhaps that’s one reason why you won’t see the name Tesco anywhere on the UK grocery giant’s long-awaited, very expensive entry into the U.S. market.
Cut early, be aggressive and roll out gradually. That's Wal-Mart's spacer price strategy for the holidays. And the marketing team at Wal-Mart follows that dictate when it unveils some big ticket price cuts this Friday--more than 2 weeks ahead of "Black Friday," which has traditionally been the kickoff of the holiday shopping season.
I feel a bit like I'm on a news version of some struggling teen pop singer tour (don't they always include malls?) Lately I have been spending a lot of time in stores. Yesterday it was Costco in Clifton, NJ. In the past month work has sent me to: a New York City Best Buy, a Miami-area Wal-Mart, two malls in New Jersey and one on Long Island. That's just a few.
Is the U.S. dollar bottoming? CNBC's Rick Santelli thinks it might be. The dollar has been on a downhill slide against the euro and other currencies for weeks now. As of the end of last week, the dollar lost 7.7% against the euro since the beginning of the year, and it continued to move lower overnight. But it did a reversal this morning, and that makes Santelli think it's time to look at the charts.
A slew of companies will be reporting third-quarter results, and investors will be watching not only for the latest figures but what companies predict about future profits.
Stocks bounced off session lows to close mixed on Wednesday but a late afternoon rally fizzled as investors were wary of initial quarterly earnings reports which came in largely below forecasts.
Don't make the same mistake some traders are making. This is not your average retailer.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Many investors were expecting third-quarter earnings to be bad. And so far they haven't been disappointed.
Costco Wholesale reported a better-than-expected rise in quarterly profit on Wednesday, helped by improved margins, and the No. 1 U.S. warehouse club operator said September sales at stores open at least a year were stronger than Wall Street forecasts.
She's dressed former First Ladies Nancy Reagan and Jackie Kennedy and is a favorite of starlet Renee Zellweger, but designer Carolina Herrera says she would like to do a mass-market line, much like the one her friend Vera Wang recently created for Kohl's.
Alcoa (AA) will become the first Dow company to report earnings next week. But the more interesting earnings stories may be in Pepsi (PEP) and Yum! Brands (YUM); both are breaking out before their reports next week. How do you trade it?
Sometimes a stock is hot and other times it just burns. Following are the Fast Money misfires.
Instead of panicking, investors should look for ways to weather--and yes, profit from--the expected economic slowdown.
Here we go again. The violent swings we saw during the summer apparently will join us in the fall. The Dow plunged 177 points on Wednesday, after a 91 point jump the day before. What's a trader to do in a volatile market like this?
Looks like Costco's disappointing August store sales was an anomaly. The good news is that retailers beat expectations, almost across the board. A number of retailers noted that some school districts in Texas and Florida went back to school a week later, which gave a boost in August.
Stocks closed broadly lower and the Dow saw a triple-digit loss amid mixed signals from the Federal Reserve and weak economic data. "I think the market is going through a tremendous amount of uncertainties," said John Manley, private client strategist at Smith Barney.
Investors should think of today's pullback in Costco as a buying opportunity, Cramer said.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Warehouse retailer Costco Wholesale reported weaker-than-expected August sales, which were hurt by lower gasoline prices, weaker tobacco demand and a decline in store traffic, and shares fell as much as 6 percent in early trading.