Although some investors worry the rally in retail could be halted by rising oil prices, one "Fast Money" trader said he's not concerned.
Most retailers posting March same-store sales Thursday delivered results that were better than analysts' expectations, providing some reassurance that consumers are still spending despite the late Easter and unusually cold weather.
Dana Telsey, Telsey Advisory group, discusses winners and losers in the retail sector. So far, she says the discounters are doing very well.
As retailers gear up to report monthly same-store sales Thursday, analysts are expecting March to be a challenging month with the late arrival of Easter and rising gas prices.
Stocks ended after after an afternoon rally as materials and retail stocks rose, despite ongoing conflicts in the Middle East, and uncertainty about the outcome of the nuclear disaster in Japan. Alcoa rose, while BofA fell.
Stocks climbed in mid-afternoon trading Wednesday as materials and retail stocks rose, despite ongoing conflicts in the Middle East, and uncertainty about the outcome of the nuclear disaster in Japan. Alcoa rose, while Bank of America fell.
Bob Doll, chief equity strategist at BlackRock, says investors should buy oil stocks amid the unrest in the Middle East.
The "Mad Money" host also offers up his picks for an ultimate decline in oil.
Despite storms and rising gasoline prices, many retailers reportedly monthly sales managed to top analysts' estimates, but some warned of a weaker March due the timing of the Easter holiday.
Today's action suggests stocks may still be able to advance with oil at $100, but it's dicey above that. Mid-morning stocks weakened as oil moved to $102, but stocks gradually recovered even as oil has held in near $102. At 2pm ET major indices were flat, more up stocks than down stocks.
Inflation jitters in Asia and soaring oil are shaping Thursday's market.
What follows is a roundup of corporate earnings reports for Wednesday, Feb. 23
Stocks ended lower Wednesday, extending losses from the previous session, as oil briefly crossed the $100 mark and investors continued to worry over over the political unrest in Libya.
Stocks were under pressure Wednesday, extending the previous day's sharp losses, as oil briefly crossed the $100 mark and investors remained jittery over the political unrest in Libya.
Stocks continued to slide lower for a second session Wednesday, extending the previous day's sharp losses, as investors digested a handful of weak earnings and remained jittery over the political turmoil in Libya.
Stock index futures pointed to a slight rebound for Wall Street on Wednesday after stocks tumbled in the previous session amid growing concern over the political turmoil in Libya, where Moammar Gaddafi vowed to crush the revolution.
While many analysts expect holiday sales numbers to be strong, Wall Street is expecting earnings conference calls next week to serve more as inflation strategy sessions than as quarterly reviews.
Thirteen retailers will give quarterly results next week, but which retail name has pricing power? The "Fast Money" traders discuss.
Don't go to the Commerce Department for data on retail, Cramer said. Here's the best read on the space.
Things are nowhere near as bad as some investors are making them out to be.