Deutsche Bank analyst Paul Trussell downgraded Macy's, citing "low confidence that the company can bust out of its same-stores sales rut."» Read More
Stocks took a hit from weak December retail sales — even from some of the biggest discount names — but trimmed losses arround midday as strength from Microsoft helped push the Nasdaq into positive territory.
Weaker-than-expected December numbers from Wal-Mart sent stock futures sharply lower as retailers overall painted a bleak picture of holiday sales.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Dylan and Karen start Tuesday's show by agreeing that it looks like "anything goes" with the current market, as the Dow spacer snapped its recent rally to end the day almost 3% down. This drop was not a surprise to those who are in the business and watch for such things -- Dylan says it was "anticipatable" and is just "the market behaving as markets do."
So now we know. We are in the 12th month of a nasty recession, we have lost billions in net worth, and we have lost at least a couple million jobs in 2008.
As the US economy "officially" enters recession, the markets slide about 2% for the week, but staged a comeback on Friday after absorbing the worst job loss since 1974. The Dow traded in an almost 570 point range.
The company says the fridge was always $1,500, but it was originally on sale for 20 percent off (hence the $1,200). At some point on or before Black Friday, the discount was changed to only 15 percent off. This doesn't explain why the salesperson told Rich's wife the price was never $1,200, only to be embarrassed when she produced written proof.
Do you ever wonder if those advertised sales are really offering discounts? Here's the latest rant from Rich Fisherman, Senior Producer for CNBC's "The Call", and it's a doozy: .
The Big Three CEOs returned to Washington to meet with the Senate Banking Committee today, as AT&T and other companies reported job cuts. Following are today's top videos:
Get Cramer's top three plays for what he sees as an impending end to that sector's massive declines.
Seems like more investors are buying on bad news. Find out why the traders believe this is a "somewhat encouraging" sign!
The Dow closed higher for the second consecutive day as investors flocked to shares of Coke and other companies that hold up well in recessions...
Stocks snapped back on Tuesday after global bellwether General Electric lifted investor optimism by pledging to leave its dividend intact.
Stocks rallied Tuesday as investors scooped up bargains and were encouraged by news that General Electric will keep its dividend intact.
Stocks rose sharply Tuesday as investors scooped up beaten-down stocks after the prior session's selloff that saw the Dow give back 700 points.
Stocks opened higher Tuesday, clawing back some of what they lost Monday, when the Dow shed nearly 700 points.
One thing's for sure: November vehicle sales due today will be ugly. Estimates are for seasonally adjusted annual sales of about 10.5 million, compared to 16 million in November of last year.
In this Web Extra the traders reveal how they're playing Sears, Beazer Homes, the automakers and more.
The Dow tumbled on Monday as economic reports showing further evidence of the worsening global economic climate were backed up by comments from Ben Bernanke.
Customers turned out to the stores and malls this Black Friday, but the analysis so far indicates that there were fewer of them than last year. And those shoppers who did show up were far more selective, looking for the best bargains, in this competitive holiday season.