Even with this week's weakness, Amazon.com stock has been outperforming rival retailers though it will likely face a fairly volatile trading day after it reports.» Read More
Tune into "Street Signs" today at 2pm ET. I'll be filling in for the highly-talented Erin Burnett and bringing a bit of my retail world into the show. We'll be debating just whether private equity's buying spree in the retail sector has peaked--or whether it should be peaking.
The buzz on the street on this morning is "earnings", says Scott Fullman, director of investment strategy for IA Englander & Co.
Private equity firm Kohlberg Kravis & Roberts is studying a bid to buy Macy's Inc. for about $24 billion, according to an online trade report published Wednesday
Stocks rebounded in late trading but still finished lower as concern about fallout in the subprime industry put a temporary brake on the Dow's run to 14,000. "Subprime isn't good news, but despite this the market will still rally higher," said Jordan Kotick, global head of technical strategy at Barclays Capital.
Options speculators chasing after rumors that Lehman Brothers would be forced to announce exposure problems to subprime derivatives paid little attention to the firm even after it called the rumors "unfounded".
Eddie Lampert's name is thrown around a lot these days whenever speculation of a buyout in the retail sector comes to the front of the rumor mill. Today, his name is once again surfacing but this time his Sears Holdings is being linked to rumors of a buyout of grocer Safeway, not a Macy's LBO.
Macy's, AT&T, Gildan and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The revelation that two of Bear Stearns' collateralized debt obligation funds are virtually worthless are casting a pall on the overall market this morning. The biggest factor with the subprime prime epidemic is the great unknown of exposure and containment.
It has been a tough few months for short-sellers of retail stocks. Buyout activity has helped buoy up stock prices in the sector until Tuesday when it took a turn, and retail stocks were bathed in red following profit warnings from Sears and Home Depot.
It has been a tough time to be short retail stocks, even with same store sales likely to be even weaker than expected. Today though the short call is working and many of those short sellers may be willing to step back from the ledge given word from Home Depot and Sears that their earnings will disappoint. That word is countering the positive force of the rumor mill of retail buyouts that have buoyed stock prices despite slumping sales.
It's spring cleaning in the summertime for retailers right now and profit taking time for investors in retail stocks (it would seem.) From what I'm hearing, the disappointing sales we saw today from Children's Place may be setting the tone when it comes to retail sales results. Same store sales declined 4% in June coming in below expectations. CEO Ezrah Dabah cited continued declines in mall traffic--NOT the weather, NOT high gas prices, NOT inventory management issues--for causing sales to fall off at the start of the summer.
A fire is burning under options of two well known retailing names: Target and Macy's.
As the Wall Street bulls struggled with worries about credit market conditions, brokerage stocks as measured by the AMEX Securities Broker/Dealer Index were among the weakest of the stock groups on Friday.
Color and personalization of the new XPS M1330 notebook are how Dell is choosing to highlight its design innovation and separate itself from competitors. The PC maker debuted its new line of notebooks Tuesday in an unusual way in an unlikely setting: a runway show in Macy's Herald Square. The launch is all part of Dell's efforts to regain marketshare lost to competitor H-P by rebranding with a more stylish edge.
Every once in awhile there is a partnership or corporate event that sort of makes you scratch your head. Journalists and analysts are paid to connect the dots but on both fronts, the people I've spoken with today are wondering what's behind Dell's choice to launch its new product line at Macy's in Herald Square. The launch will be Tuesday morning in Manhattan and Dell executives including Sr. Vice President Alex Gruzen will be on hand for the runway show of products.
Stocks ended broadly lower as Wall Street pondered the fate of two Bear Stearns mortgage debt funds. Losses were compounded by adjustments in several key indexes.
Shares of Macy's rallied on Friday amid speculation that the retailer was ripe for a akeover.
From Macy's to Wal-Mart to Sears, the retail management that I've spoken with over the past year have all emphasized how important the online segment of their business is becoming. Macy's CEO Terry Lundgren says consumers who shop online are 30% more productive than those who shop in just one channel. So, is the decline of online shopping as suggested by the New York Times greatly exaggerated?
Stocks closed sharply lower as rising bond yields signaled a tougher global credit environment. "It was a pretty ugly day," said Tom Schrader, managing director of U.S. listed trading at Stifel Nicolaus. "The market needed a washout and we got one. It was caused by higher rates, which is not good for the carry trade, LBOs and M&A."
Turns out tequila is giving beer a real headache. And friends, there's nothing quite like a tequila headache. But here's the twist. A new survey says more of us celebrate Cinco de Mayo than St. Patrick's Day, in the sense that two out of three Americans are more likely to have a margarita on May 5 than a beer on March 17. Who sponsored the survey? The Distilled-Spirits Council? Bud? Baileys?