”The stock bottomed out around $40 back in February and then a couple weeks ago,” says Guy Adami. “I think Nordstrom is interesting on the long side with a $40 stop.”
Futures erased all their earlier losses in a choppy pre-market session Thursday amid volatility in the European market and after an unexpected decline in weekly jobless claims.
The forecast on Wall Street is for more dizzying volatility Thursday. For the time being, equities are likely to stay vulnerable to high speed moves and wide swings as investors ran to the safety of bonds, driving rates toward historic low levels.
After the worst week for stocks in a year, should you hold your nose and buy? Will you kick yourself later if you don't pull the trigger, now?
Even if Washington fails to reach a debt deal, the "Mad Money" host said these plays are likely to work.
One important point: a lot of retailers no longer report monthly numbers, so this is not a complete picture.
Many retailers outpaced Wall Street estimates for monthly sales in June, according to early reports out Thursday.
At a time when many of the nation's major retailers are sacrificing quality to keep prices down and cash-strapped consumers spending, it appears new competition is emerging from an unlikely source.
For some companies, family is at the center of their business. CNBC asked some of its top talent to highlight some of the best-known family-run companies.
For many dads, the greatest Father's Day gift imaginable is the sight of a son or daughter working beside him in the family business. Here are some CEO dads whose kids hold executive positions in their companies.
Stocks slipped slightly from session highs but still closed broadly higher Tuesday, led by gains in the energy sector, following a handful of economic news that helped boost market confidence.
Stocks pointed to a higher close Tuesday after a handful of economic data helped boost market confidence and after Fed chairman Ben Bernanke said failure to raise debt ceiling could result in severe market disruption.
Stocks rallied over 1 percent Tuesday following a handful of economic data that helped boost investor confidence and after China's robust industrial production report.
Despite all the excitement following LinkedIn’s IPO, which resulted in the share price more than doubling its first day on the NYSE, Kevin Ryan, founder and CEO of online retailer Gilt Groupe, is in no hurry to go public.
Whether you are looking at today's April Industrial Production, Capacity Utilization, or housing starts and building permits, the economic data was all weaker than expected.
Reprofiling? Default for Greece is clearly on the agenda. Jean-Claude Juncker, the head of euro zone finance ministers, says they are considering "reprofiling" Greece's debt, which seems to mean extending the maturities. Call it what you want—reprofiling, or a "soft restructuring," but S&P has already noted that extending maturities is a form of default.
Stocks closed mostly lower after a volatile week marked by swinging prices of commodities and currencies, as investors wrestled with the implications of a worsening European debt crisis and a global economic slowdown.
Stocks traded lower ahead of the close as the dollar rose, and financial stocks fell amid fears of a worsening European debt crisis.
Stocks in Europe were higher as German and French Q1 GDP were both above expectations, though Portugal had negative growth, while Spain and Italy eked out small gains.
Traders tell me that the Haute Look acquisition accounted for $0.20 lower, but since they only lowered by $0.15 if you ex-out Haute Look, they raised guidance by $0.05. Got that?