Pass the salt? New York City begins a new era in nutritional warnings this week.» Read More
Investors are weighing a weak jobs report and the threat of bond-insurer downgrades with enthusiasm over Microsoft’s bid for Yahoo. CNBC asked the experts where investors should place their bets to make it through this volatility.
Super Bowl XLII: Beyond football, big-screen TVs, pizza, beer and gambling all come to mind. Are stocks in those areas good for your portfolio? Pick carefully, says Brent Wilsey. The president of Wilsey Asset Management named the stocks that'll be winners -- and that ones that will fumble.
U.K. markets down 1.5 percent on disappointing results from retailer Marks & Spencer (down 20 percent in the U.K.) and vague concerns that the U.S. slowdown may be spreading to Europe. Yesterday a confluence of events, including comments from AT&T about slowing consumer business, and poor commentary from Circuit City and Brinker, added to the poor sentiment.
Following are the day’s biggest winners and losers. Find out why shares of Circuit City (CC) and Websense (WBSN) popped while KB Homes (KBH) and Brinker International (EAT) dropped.
The pattern is now very clear: companies that have significant exposure to the U.S. consumer market are having problems. Whether it is Coach (lowered guidance), IHOP (drop in guest traffic), Brinker (ditto), or Whirlpool (lower overall sales). These companies are 1) seeing slower business in the U.S. market and 2) get a significant part of their sales in the U.S.
Companies ranging from pancake house chain IHOP to high-priced handbag seller Coach reported signs of the continuing U.S. consumer pullback, sending retail and some restaurant stocks lower.
In a sign of the growing influence that restaurants have on how and where consumers spend their money, a major retail trade group has included for the first time six restaurant companies on its list of the top 100 retailers, released on Friday.
Brinker International said on Wednesday that sales at restaurants open at least 18 months fell 4.9% for the four weeks ended Feb. 28, hurt in part by unfavorable weather.
Consumers don’t seem to have the same appetite for casual dining that they had earlier in the year.