Some of the names on the move ahead of the open.» Read More
The "Halftime Report" traders delivered their outlook for retail as the Holiday shopping season kicks off.
While the broader holiday sales picture isn't all merry and bright, for some retailers, that macro view really doesn't matter.
U.S. stocks closed higher Friday, helped by gains in retail stocks, as investors looked to central banker comments.
But there was a raft of stronger reports from retailers ranging from Abercrombie& Fitch to Foot Locker, and indexes that track retail shares have had a surge this week that has surpassed any in the past two years. Abercrombie& Fitch soared more than 27 percent in trading— its biggest one-day percentage gain in three years— after a shift in strategy helped double...
*Allergan up; unlikely to be hit by tax inversion rule. *Nike jumps on buyback; boosts Dow. The Dow Jones industrial average turned positive for the year, led by a 4.8 percent rise in Nike which announced a $12 billion share buyback and a 2- for-1 share split.
*Allergan rises; biggest influence on S&P. *Nike jumps on buyback; boosts Dow. The Dow Jones industrial average turned positive for the year, led by a 4.6 percent rise in Nike which announced a $12 billion share buyback and a 2- for-1 share split.
NEW YORK— The stock market closed out its best week of the year Friday as big gains by retailers and technology companies pushed major indexes higher. Stocks faded as Friday wore on, but they still finished higher. The index climbed Monday and Wednesday as the U.S. market didn't seem to be affected by a string of unsettling international events, including last...
*Nike jumps on buyback; biggest boost to Dow, S&P. Nov 20- U.S. stock indexes were higher on Friday, led by Dow component Nike, setting them on track for their best weekly performance since October. Nike's shares jumped 4.8 percent to $131.78 after the company announced a $12 billion share buyback and a 2- for-1 share split.
*Nike jumps on buyback announcement. *Abercrombie& Fitch surges after results. "Considering the major indices are back near their 2015 highs and next week is a shortened holiday week with low volume, people who want to take money off the table will likely take this opportunity to do so," said Phil Davis, chief executive of trading advisory website...
Nov 20- Footwear retailer Foot Locker Inc reported better-than-expected quarterly profit and sales, helped by strong demand for basketball and running shoes. Foot Locker is one of the biggest footwear retailers in the U.S and its performance is an indicator of demand for Nike Inc and Under Armour Inc products. Foot Locker's net income fell to $80 million, or 57...
Nov 20- Footwear retailer Foot Locker Inc reported a 3.6 percent rise in quarterly sales, helped by strong demand for its new basketball and running shoes. The company's net income fell to $80 million, or 57 cents per share, in the third quarter ended Oct. 31 from $120 million, or 82 cents per share, a year earlier. Revenue rose to $1.79 billion from $1.73 billion.
NEW YORK _ Foot Locker Inc. on Friday reported fiscal third-quarter profit of $80 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share. Foot Locker shares have climbed 9.5 percent since the beginning of the year.
Central bankers and oil prices stand between stock traders and the weekend.
The "Halftime Report" traders give their trades for the second half.
As earnings create an uncertain outlook for the U.S. consumer, "Fast Money" traders are sticking with what has worked this year.
Retailers have been severely shaken this earnings season, but there might be an options play that could make you money.
Oil once more has the stock market over a barrel, and it will likely be a major focus for markets in the week ahead.
Bull market breather not pullback
The "Fast Money" traders give their final trades of the day.
Pete Najarian scooped up shares of JetBlue and Under Armour for his Halftime Report Portfolio on Tuesday, following a recent drop in both names.