Target and Toys ‘R Us announced they would open for business a day earlier than the traditional Black Friday shopping season, but does that make their shares a “buy”?
Bon-Ton Stores Inc. 3.7 pct. Stage Stores Inc. 6.5 pct. Costco Wholesale Corp. 7 pct.
*Jefferies raises Body Central Corp price target to $8 from $7;. *Jefferies raises Limited Brands Inc price target to $48 from $45;. *Jefferies raises Ross Stores Inc price target to $65 from $63;.
The Buckle Inc. -0.8 pct. Ross Stores Inc. 5 pct. Stein Mart Inc. 2.4 pct.
PLEASONTON, Calif.-- Ross Stores Inc. on Thursday reported a sales figure that topped Wall Street expectations, and the discount store operator raised its outlook for third-quarter earnings. Earnings per share for the current quarter are now expected to be in the range of 70 cents to 71 cents, up from the previous guidance of 63 cents to 66 cents.
U.S. stocks rose at the open after labor market data came in within expectations and following encouraging comments by European Central Bank President Mario Draghi on tools to tackle the region's debt crisis. **NUVASIVE INC, $14.9, down 34 pct.
The consensus is that Governor Romney did well in the debates last night; while Europe is meandering on either side of positive or negative, U.S. stocks are higher.
U.S. stock index futures added to gains after European Central Bank President Mario Draghi said growth risks are on the downside and should be contained by effective policymaker action. Brokerages Canaccord Genuity, Robert W. Baird& Co, Mizuho Securities USA, BMO Capital Markets and ThinkEquity Llc cut their price targets on the stock.
U.S. stock index futures added to gains after European Central Bank President Mario Draghi said growth risks are on the downside and should be contained by effective policymaker action. **NUVASIVE INC, Wednesday close $22.62, down 29.3 pct premarket. **INFORMATICA CORP, Wednesday close $33.63, down 19.7 pct premarket.
U.S. stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising between 0.2 and 0.5 percent. **NUVASIVE INC, Wednesday close $22.62, down 27.4 pct premarket.
There is some concern that the political uncertainty surrounding the election and looming fiscal cliff could rattle consumers heading into the all-important holiday season.
It takes 17 Nasdaq 100 stocks to match Apple’s point impact on the index this year.
Weekly jobless claims and the Philadelphia Fed survey will be picked over by traders Thursday as they try to determine whether the economic news is weak enough to spur Fed easing or strong enough to keep the Fed sidelined.
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Looking for back-to-school buys for your portfolio? This season’s consumer is on the hunt for value and brands, driving some companies that emphasize brands rather than private labels to outperform, one analyst said.
Teen retailers often have just as tough a time predicting adolescent trends as their parents do, Cramer said.
As U.S. retailers head into the crucial back-to-school season, one analyst shared some of her top picks and argued that retailers’ past momentum could augur future strength.
Investors in the retail space might do well to think twice about picking luxury brands right now, “Mad Money” host Jim Cramer said Wednesday.
Overall, retailers' June sales are concerning. Back-to-school is the second biggest "season" for retail after the Christmas holidays, and it's just around the corner. Many analysts think retailers will have to offer aggressive promotions to win consumer dollars. A number of retail analysts even took the step of downgrading retail stocks based on their concerns about a pullback in consumer spending.
Retailers reported largely disappointing sales in June, as consumers pulled back on spending amid concerns about jobs and the economy.