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The trend in retail continues, with discounters continuing to outperform department stores: Home Depot and Target beating, Saks on the light side. Biggest problem for stocks is that we are once again on the verge of breaking the uptrend from the July lows. And housing starts at 965,000 annual units was the slowest since 1991.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
The Dow sank on Monday after the prospect of more losses from the mortgage crisis spooked the Street.
Inflation and housing data and retailers' earnings could contribute to Wall Street's early direction Tuesday. But the stock market will continue to fret over the financial sector and worry through every move in the oil markets.
Chairman of Cumberland Advisors predicts more bank failures while the managing director at Louise Yamada tells investors why now is the time to be bullish on gold. Following are today's top videos:
Fast Money Now – the trades you need while the market is open.
Lowe's said Monday its second-quarter profit fell nearly 8 percent, but managed to top Wall Street expectations as the home improvement chain benefited from green thumbs repairing last year's drought-stricken gardens, tight expense controls and better-than-expected sales.
Do you believe that financials, pharma and telecom can maintain through an economic downturn? If so, you might want to take a look at the Dow Industrials where some of the largest companies in the world are currently offering investors notably large dividend yields.
Here's our Fast Money Final Trade. Our gang gives you Monday's best trades, right now!
How should you play Lowe's and Home Depot with both retailers reporting earnings early next week?
Fast Money now - the trades you need while the market is open!
Warren Buffett's Berkshire Hathaway has added a new stake in NRG Energy, according to a just-released portfolio 'snapshot' of its holdings in U.S. publicly-traded stocks as of June 30. A sharply reduced stake in Anheuser-Busch may have been a bet that InBev's initially unsolicited offer for the U.S. brewer would prove to be unsuccessful. Conoco-Phillips data is kept "confidential."
Fast Money now – the plays you need while the market is still open
Big retailers are not only putting solar energy systems are the roofs of their stores, they're getting in the residential solar panel business. But don’t expect an install-it-yourself kit any time soon.
Following are the day’s biggest winners and losers. Find out why shares of Schlumberger and Longs Drug Stores popped while Home Depot and Liz Claiborne dropped.
It's not quite the Olympics, but retail earnings this week could also be pretty exciting. Here's why...
The Dow made gains on Monday with investors believing the current down trend in oil improves prospects for consumer and business spending.
Stocks finished with modest gains as oil dropped modestly, continuing their almost-perfect inverse relationship on a day that also saw the further resurgence of the dollar and solid gains in technology.
These are the plays you need while the market is still open!
What can be expected as earnings season begins for the retailers? It was a rough start, with lower-than-expected numbers released yesterday. But with the downward movement of oil and the strengthening US dollar, retail may see an upswing.