Some of the names on the move ahead of the open.» Read More
Macy's is becoming an innovator, but don't expect that to carry through to other retailers.
L Brands cut its earnings forecast for the holiday quarter on Thursday after reporting disappointing December sales at its Victoria Secret and La Senza chains. Family Dollar Stores Inc and teen retailer Zumiez Inc, which both reported sales declines for December, also slashed their profit forecasts.
Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers.
Nov 26- Tiffany& Co on Tuesday reported a higher quarterly profit, helped by stronger-than-expected sales in Asia, and the U.S. jeweler raised its full-year forecast. The increase was most pronounced in Asia, excluding Japan. In the Americas, comparable sales rose 1 percent, helped by strong sales at the jeweler's famed Fifth Avenue flagship.
Tiffany reported a higher profit, helped by stronger-than-expected sales as business soared in China. It also raised its full-year forecast.
Are Thursday's U.S. economic data may be "good enough" for the Federal Reserve to taper? Judging by the reaction of the 10-year yield, the bond market seems to believe they are.
U.S. stock index futures erased their gains to turn narrowly mixed Thursday despite a handful of upbeat economic reports and as fears of Western military intervention in Syria continued.
Home builders are near multi-year highs, rallying two to three percent; while Tiffany's delivers a little blue box to investors in the form of strong first quarter earnings.
Here's a handful of companies benefitting from the massive wedding industry. TheStreet.com reports.
A better than expected earnings season? I see signs that things may be a little better than some were expecting: 1) Alcoa was surprisingly bullish on China...
China, euro zone data show factory activity slowing. So why are markets pointing higher? Well, German gross domestic product was up 0.5 percent in the first quarter.
But it isn't all rosy: just look at Philips Electronics, which was down 4 percent...
Prepare yourself. We’re about to be flooded with earnings reports from a slew of mall stocks.
"It all comes down to Friday and the non-farm payrolls," said one market-watcher. "What if it comes in at 120,000, or 130,000, and unemployment goes back up to 9 percent? There's going to be a tremendous amount of resistance on the part of the FOMC to give it up."
While many analysts expect holiday sales numbers to be strong, Wall Street is expecting earnings conference calls next week to serve more as inflation strategy sessions than as quarterly reviews.
This week Customer Growth Partners issued its annual retail sales forecast and they are expecting retail sales this year to outpace historical averages. The notable thing about this forecast is that the firm thinks this target can be achieved without consumers really changing course from their current behavior.
Even with the skeletal staffing in New York, comments are trickling in from analysts about the strong holiday season. Several companies have been mentioned multiple times this morning as notable winners: Abercrombie & Fitch, which appears to be continuing to win market share;
After a rough 2009 that saw the demise of several stores, jewelry merchants have emerged as the shining star of the retail sector this holiday, with chains from tony Tiffany to mass-market Sterling Jewelers posting robust sales gains.
To make money now, Cliff Asness told CNBC Thursday, his firm, AQR Capital Management, offers the public two options—one is a hedge-fund-like strategy in a mutual-fund format and the other is based on trends, a type of managed-futures alternative.
A large put trade has been made in Tiffany as its shares have fallen ahead of its holiday sales report Wednesday. One trader this morning bought 10,000 of the January 20 puts...