Some of the names on the move ahead of the open.» Read More
Stocks extended their losing streak for a third day Thursday after an unexpected jump in jobless claims rattled an already skittish market.
What follows is a roundup of corporate earnings reports for Thursday , April 8.
Auto dealers and a couple small cap retailers are standouts today. The strong GM March numbers (sales up 43% vs. 27% estimate), combined with a strong earnings report from CarMax, is moving the automotive dealers like Sonic Automotic, Penske Automotive and Lithia Motors.
Evidently Christmas came very, very early for retailers this year – in February!
Another strong round of retail sales came in this morning, with broad gains across the board in February despite wintry weather throughout much of the Midwest and East Coast.
Lowe's reported better-than-expected quarterly results on Monday and said sales would improve in 2010 as demand for remodeling projects picks up. Rival Home Depot is expected to announce earnings on Tuesday before the bell. Should investors buy Home Depot’s stock ahead of the report?
Bed Bath & Beyond reported results that topped Wall Street's expectations on Wednesday, including stronger-than-forecast same-store sales, boosting its shares in extended trading.
Don't believe the drop in consumer confidence. Shoppers may be more willing to spend again. "Consumers are clearly telling us they are beginning to get tired of saving money," says one industry pro.
Buy the rumor...sell the...Goldman Sachs down 3 percent pre-open, S&P 500 futures dropped 10 points right after Goldman reported earnings far better than expectations ($5.25 vs. $4.24). Even topline was better than consensus: $12.37 billion vs. $11.02 billion.
Following are the day’s biggest winners and losers. Find out why shares of Newmont Mining and NetApp popped while HMOs and Bank Of America dropped.
Dollar index breaking through to new lows as gold hits another high, most commodities also up 1 to 3 percent. Gold stocks up 2 to 3 percent pre-open.
Futures have drifted slightly lower. August housing starts came in in-line with expectations (though single family starts fell), but that is good news: starts have clearly bottomed in the last several months and are at their highest levels since November 2008.
Stocks snapped a three-day losing streak Thursdayas a trio of encouraging economic reports — the Philadelphia Federal Reserve's manufacturing report, leading indicators and weekly jobless claims — fueled recovery hopes.
Stocks advanced Thursday as a trio of encouraging economic reports — the Philadelphia Federal Reserve's manufacturing report, leading indicators and weekly jobless claims — fueled recovery hopes.
Stocks advanced Thursday after an encouraging report on manufacturing from the Philadelphia Federal Reserve.
Futures popped a few points as continuing claims for unemployment recorded its first weekly drop since January. While last week was a record high (about 6.8 m), this at least is a step in the right direction.
Stocks could chug higher this week, delivering that evasive Santa Claus rally, but it will all depend on whether investors are comfortable with the status of the auto-industry bailout. Plus, let's hope the Fed doesn't deliver any holiday surprises.
Discount and dollar stores are back in fashion and back in the black. Just about everyone else has his back to the wall.
The issues are: 1) forced selling & redemptions in the last hour 2) continuing uncertainty in credit markets
S&P futures are up 19 points, and while many think this is because Treasury is actively shopping the idea they will take an ownership stake in U.S. banks, bear in mind that the market now routinely swings in 20 plus point ranges in a day, and often overnight, so futures up 15 is not even unusual any more.