Macy's will open the doors to its full-line department stores at 6 p.m. on Thanksgiving Day, two hours earlier than last year.» Read More
Stocks could sprint higher into the coming week, as a strengthening dollar and declining commodities prices encourage buyers hoping for a reprieve from inflation.
Retailers, including Wal-Mart Stores, are posting solid same-store sales growth in June, as expected, as seasonal weather and tax rebate checks helped get consumers to the store.
Two pieces of positive news this morning: 1) Wal-Mart sales better than expected and raising guidance, and 2) Dow Chemicalspacer buying Rohm and Haas. Jobless claims lower than expected is also a help.
Two weeks ago, I said I haven't seen the Street so bearish since just after 9/11. This morning Investors Intelligence reported that their Bull/Bear survey of financial newsletter writers fell to 27.4 percent bullish, the lowest reading since July 1994. Bears rose to 47.3 percent, the highest since 1995.
U.S. retailers, led by the discounters, are expected to post slightly better June same- store sales this week, thanks to seasonal weather and rebate checks that have made their way to cash registers, mostly for basic items such as gasoline and food.
By anyone's reckoning, it was a rough week. Crude oil continued its relentless climb; banks and brokerages gave hints of more discouraging news; government data pointed to a weak economy; even strong companies like Nike, Oracle, and Research In Motion issued cautious guidance; and Federal Reserve policymakers, widely perceived as powerless to help, left interest rates unchanged. But all week, even through the worst of the market's sell-offs, CNBC guests offered
To give investors an edge, CNBC asked the experts for their best trades now.
After a brutal week for stocks, some of the professionals say it's time to go bargain-hunting. Doug MacKay of Broadleaf Partners is one of them.
Consumers stepped up their shopping in May after the tax rebate checks hit bank accounts, giving many of the nation's retailers a boost and helping them to top analyst estimates.
Most business news this week took a back seat to oil's relentless climb, but there were still some notable moments. And CNBC guests had plenty of stocks to recommend for worried investors.
Driving around Southern California’s Ventura and Los Angeles counties, we saw many of those boarded up stores or “for lease” signs in small businesses. In Oxnard, California the local retail organization told me that these areas are getting “redeveloped” but store owners were much less optimistic.
Cramer makes the call on viewers' favorite stocks.
What should investors look for in retail stocks this week? J. Crew and some niche retailers are offering some growth opportunities, suggests one retail analyst.
Stocks finished flat as a new record for oil prices overshadowed a better-than-expected report on housing. Still, for the week, all three major indexes managed decent gains: The Dow Jones Industrial Average climbed nearly 2 percent; the S&P 500 index advanced about 2.5 percent and the Nasdaq jumped more than 3 percent.
Stocks recovered most of their losses and were mixed in the final hour of trading as oil prices pulled back toward $126 a barrel.
Stocks declined after a report showed consumer sentiment fell to its lowest level in 28 years. The market had opened with some optimism after a jump in housing starts, but the souring of consumer sentiment, and a jump in oil above $!27 a barrel, curbed gains.
Stocks were juiced ahead of Friday's session as indexes sit at the highest levels since early January. But beware. Some traders are talking about the idea that as these highs are being reached, sluggish volume could be throwing up warning signs.
The Dow made double digit gains Thursday as a battle to control Yahoo boosted the technology sector and a pullback in oil eased concerns about inflation. What's the "Word on the Street?"
Wall Street's bulls are still running but they are no thundering herd heading into Thursday's market, which promises to be ruled by the economic data du jour, and the rise and fall of the price of a barrel of oil.
Are retailers good for a short-term trade if they continue to top low expectations?