Despite those strong sales gains, why aren’t their stocks moving much to the upside?
Retail is a 'lead indictor for the S&P' and the broader market, David Berman, president of the retail-based hedge fund Durban Capital, told CNBC on Wednesday. 'Everyone gets excited about department stores, the problem is that they are really on a long-term death spiral.'
Heading into Thursday's batch of retail sales reports, expectations are high that retailers will report their strongest sales in four years. However, as BJ's Wholesale's report showed Wednesday, there are sure to be some misses here and there.
A new report from MasterCard Advisors' SpendingPulse, which estimates sales across all payment forms, shows strong sales growth in December for apparel and high-end items, including jewelry. Online sales were also very strong, perhaps helped by wet weather in West and a post-Christmas blizzard in the Northeast.
The strategist known for coining 'BRICs' shares his insight for the next batch of "growing economies" in 2011.
Stocks traded mixed ahead in lackluster trading, although the S&P 500 and the Nasdaq hit new two-year highs on thin gains amid a lack of economic news. Alcoa and 3M rose, while American Express fell.
Stocks traded narrowly mixed amid thin trading and a lack of economic news as stocks struggled to move beyond recent highs. 3M and Alcoa rose, while AmEx fell.
Though this is traditionally a slow week, there are several underlying trends to the market.
Stocks slumped after opening higher as the dollar rose, but trading was light at the start of a holiday week. AmEx and Boeing sank, while BofA rose.
First it was newspapers, then music, now it's retailers. The Internet appears to be claiming its next victim—brick and mortar retail stores.
He's got his list. And, he's checking it twice. He's not Santa. He's not on a buying spree. Wall Street Strategies Retail Analyst Brian Sozzi has been surfing the malls in and around the New York City metropolitan area. Sozzi, who is rated five stars by Starmine for accuracy, has been doing this every weekend this season.
Whether department stores, specialty names or apparel makers, Jim Cramer thinks the following 11 names are the best holiday retail picks.
Cramer finished his weeklong retail roundup with a focus on the top value-oriented department stores.
November's monthly sales reports showed there were plenty of reasons for retailers to be merry as the critical holiday shopping season got underway.
Stocks lost ground in the final minutes of trading after moving higher in the wake of news that the Obama administration will work with Republicans on the tax dispute. Rising worries over sovereign debt concerns in the euro zone kept a check on gains throughout the session. BofA and Procter & Gamble fell.
This holiday season is setting up to be a real nail biter. Most holiday forecasts call for flat or just slightly higher sales than last year. But several factors may tip the scale. On the plus-side: there is a more upbeat mood among affluent consumers as well as a strong appetite for gadgets and electronics. On the downside: there is an uncertain economy, with unemployment stubbornly high, and a consumer who looks at spending quite differently than in the past. What will shift the balance?
Stocks gained amid news of strong retail sales in October and acquisitions by Caterpillar and EMC, and despite continuing worries over debt troubles in periphery European countries. Caterpillar rose, while Disney fell.
Stocks closed down Thursday soon after Walt Disney released worse-than-expected results into a market already weakened by disappointing results from Cisco and a rise in the dollar as European debt troubles continued to roil currency markets. Cisco and Disney fell, Chevron rose.
What follows is a roundup of corporate earnings reports for Thursday, Nov. 11.
Stocks declined ahead of the close Thursday, as Walt Disney released worse-than-expected results into a market already weakened by disappointing results from Cisco and a rise in the dollar as European debt troubles continued to roil currency markets. Cisco and Disney fell.