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Stocks pulled back from a morning rally as declines in bank and chipmaker shares offset gains by some retailers and improvement in new claims for unemployment benefits.
Warm weather and sales tied to the Memorial Day and Father's Day holidays helped drive shoppers to stores in June, but the heavy discounting may have hurt retail profits.
Family Dollar's conservative guidance: is this what Q3 guidance will look like? All the discount retailers are flat to down today as Family Dollar (FDO) provided guidance for the current quarter (Q4) that is below Street consensus ($0.46 to $0.51 vs. Street estimates of $0.53). The conference call, mostly with CFO Ken Smith, was very instructive...
Stocks advanced Wednesday as financials got a boost from State Street's outlook and investors scooped up some beaten-down tech and industrial shares.
Stocks opened higher Wednesday, led by financials after State Street said it expects to beat earnings expectations.
Stocks pulled off a gain Tuesday after a late rally as investors scooped up some bargains. Energy, techs and financials gained, while retail stocks were one of the weakest links after a downgrade on the sector.
There’s a new way to manage your portfolio, Cramer says.
There are increasing signs that the consumer may be becoming more skittish and starting to dig in and hunker down again.
With little progress on the overall jobs front, the consumer has ultimately remained very cautious, spurring more tepid spending over the past couple of months. Here is a look at the drop in the major retail stocks since the Morgan Stanley Retail Index hit a two-year high on April 26, 2010.
With store expansion on the back burner, retailers are turning to fresh avenues for growth, betting that their brand equity will carry over to new product categories.
Stocks retreated Monday afternoon as a China-fueled rally petered out. Alcoa was still up sharply.
In a move to gauge the iPad’s marketing potential, retailers and brands are starting to place interactive ads in digital magazine publications, hoping their early adoption of new technology may help them swoon new consumers and target their primary audience.
In the wake of lackluster same-store sales results, should you put any retailers on your radar?
Stocks eked out a gain after some late-session turbulence, led by techs. Energy stocks rebounded from the bottom of the pack to the No. 2 behind tech. Financials ended lower.
Many mid-cap stocks are well-positioned to take advantage of a resurgent consumer and have limited exposure to Europe, said Pat Dunkerley, fund manager at Scout Mid Cap. He shared his top plays.
Stocks turned lower on Thursday, led by energy and financials, amid the strengthening dollar and a pair of credit downgrades on BP. Techs were among the best performers.
U.S. retailers are increasingly looking outside U.S. borders for growth. Merchants such as Macy’s Bloomingdale’s chain are entering international markets for the first time. Others are accelerating expansion overseas, as in the Gap’s case, or testing the international waters via e-commerce sites, which is Nordstrom and J.C. Crew’s preferred route.
Stocks pared their gains Thursday after a report showed the services sector grew for a fifth straight month but wasn't a blowout number. Stocks had opened higher after a pair of encouraging employment reports.
Poor weather in early May and a still cautious consumer translated into a mixed bag for retailers in May, underscoring the fragile state of the economic recovery at this stage.
Markets are already looking ahead to Friday's jobs report, and for that reason, even more weight than usual will be given to Thursday's weekly jobless claims and ADP's private sector jobs data.