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Retail analysts had been expecting weak sales in March, but an early Easter holiday, chilly weather and recession-wary consumers combined to deliver March sales that were even drearier than expected.
Stocks opened higher Thursday after a better-than-expected report on jobless claims, and raised outlooks from Dow components DuPont and Wal-Mart.
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Will Starbucks return to profitability under CEO Howard Schultz -- and should you buy the stock? Brent Wilsey, president of Wilsey Asset Management, takes on the coffee chain -- and names two tech-oriented stocks he says are bargain buys.
Well, you knew it would happen--"sell the rally," except this time it's come a few days after the rally. The dollar is getting hit again as the ECB has make it clear they are unlikely to lower interest rates.
High end sales are the last to fall off going into a downturn and the first to pickup coming out of a recession. So what does Tiffany's spacer better than expected earnings tell us about where we are in the middle of those two options?
These banks absolutely can't go under if we're going to get out of this mess.
If you got it before the open, that is. Also, Cramer's calls on Petrobras, retail and seed stocks.
In Monday’s Web Extra find out if it’s a good time for investors to go department store shopping?
Depends on which direction you think the economy goes in 2008. Here's what Cramer said.
It was a week to rattle the nerves of even the most unshakable investor, with another wave of credit concerns, indecisive retail sales results, and sobering employment numbers.
The Dow plunged Thursday as the market's worries about the slowing economy were intensified by concerns about the ailing credit market and the high price of oil. What's the word on the Street?
Retail, financials and homebuilding. Sectors to avoid at all costs? Not according to Bob Turner, chief investment officer and portfolio manager at Turner Investment Partners. His five-star Turner Core Growth Fund is up an average of 15.23 percent per year over the last five years.
Wal-Mart and a number of other retailers have been able to trounce estimates, which had called for the worst February in five years.
The U.S. dollar hit a new low as the Fed's Pianalto says the U.S. economy has stalled. Dollar weakness again helping oil. Jumbo mortgage lender Thornburg Mortgage TMA failed to meet a margin call of about $28 million which has triggered cross-defaults.
Nordstrom reported fourth-quarter earnings of $212 million, or 92 cents a share, beating the mean estimate of analysts polled by Thomson Financial of 88 cents.
The theme this week will not be that sales are getting better. No, the story this week will be that the sales decline MAY be slowing or lessening in severity. As we move into the first quarter, how individual companies differentiate themselves by handling their internal management, inventory and SG&A expenses--in other words, the basic administrative cost of doing business--will become increasingly more important.
U.S. stocks will face a heavy lineup of economic indicators next week and may come under pressure if any of the datapoints, particularly home sales, signal that the United States is in or headed into a recession.
Which retailers are most likely to pop on earnings next week?
Housing numbers, inflation data and lots of Fed speak loom large for markets but it may be the fate of bond insurers that really drive the direction of trading in the week ahead.