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Stocks eked out a gain after a late rally Thursday as investors cheered an encouraging business-inventories report, the latest sign that the recession is winding down.
Plenty more retail earnings and commentary ahead. Just don't expect a lot of gushy, positive comments--there's little incentive to do so.
Stocks rebounded from a midmorning slide Thursday after a report showed business inventories continued to shrink as sales jumped, offering the latest indication that the recession is winding down.
There's some positive momentum for Wall Street ahead of Thursday's session. Futures are pointing to a nice pop at the open, following yesterday's strong gains.
Wall Street's bull could take a breather in the week ahead, but the trend for stocks remains higher, for now.
Retailers are managing their business better, even though consumers are still conserving cash— and investors are taking notice.
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.
They’ve come a long way in 12 months. Here’s an up-to-date snapshot of where they are now.
Stock futures are up modestly on better-than-expected jobless claims data and Alcoa’s smaller-than-expected loss.
One of the most important economic indicators for the stock market, comes out Friday before the bell. And traders are taking their position now!
With same-store sales numbers hitting the Street on Thursday, is there fast money to be made in retail?
As the markets continue to steam ahead, with the S&P 500 soaring nearly 33% since its lowest close this year, investors looking for opportunities might want to take a peek at the leading sectors in 2009.
Auto makers are posting May sales that are the best for 2009; Ford's economists are estimating that May vehicles sales were roughly 10.4 million; if true that is well above the consensus of 9.4 million.
NASDAQ: highest since Oct. S&P: highest since Nov. Russell 2000: highest since Nov. The markets are trading on renewed appetite for risk based on the green shoots theory.
Most of the large retailers have reported, and the results are better than expected, at least on the bottom line.
Traders expect the market to bump along with a downward bias while it establishes a new trading range, as a lack of economic news and earnings reports in the coming week leaves a news vacuum.
The Dow and S&P 500 closed lower Friday, though the bulls weren't too badly bruised. How should you be trading now?
A modest pop in futures as the Consumer Price Index was flat, in line with expectations.