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Retailers reported disappointing sales in July, a sign that consumers are continuing to watch their spending carefully and hunting for the best bargains. Kimberly Greenberger, retail analyst at Citi, shares her analysis of July same-store sales data.
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With so much chatter about same-store sales coming in better-than-expected but still sharply lower, how should you trade the space?
Stocks fell for a second straight session Thursday as tech stocks dragged after Cisco's tepid outlook and investors remained jittery ahead of tomorrow's jobs report.
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Stocks pulled back Thursday after a higher open as Cisco dragged on the Dow.
Retailers reported disappointing sales in July, a sign that consumers are continuing to watch their spending carefully and hunting for the best bargains.
The hope is that we will see some back to school lift, but Labor Day is the latest possible date this year. There are a lot of tax-free holidays in August, particularly in the South, that may help.
Analysts are expecting a late start to the back-to-school shopping season, and that means that retail sales reports for July, which are due out Thursday morning, will likely be weak.
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With the Dow and S&P closing modestly higher, Wall Street was keen to hear the latest numbers from Intel after hours hoping they showed signs of economic improvement.
The S&P edged higher on Thursday with investors rotating into beaten down energy names and financials and out of consumer staples and pharma.
Stock futures are up modestly on better-than-expected jobless claims data and Alcoa’s smaller-than-expected loss.
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With one day left in the quarter, the Dow and S&P ended in positive territory as fund managers snapped up winners in an attempt to embellish their portfolios.
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Stocks advanced Thursday, but ended well off their earlier highs, amid weakness in techs and consumer discretionary as oil topped $73 a barrel.
With same-store sales numbers hitting the Street on Thursday, is there fast money to be made in retail?