According to the latest date from Mastercard Advisors SpendingPulse, luxury sector salres are up 6.1 percent this January compared to last January.
With consumers creeping back, Bank of America Merrill Lynch has a new investment theme to get behind: Be "long women."
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.
See what's happening, who's talking and what will be making headlines on Wednesday's Squawk on the Street.
Stocks closed up modestly, easing off the highs of the day, as upbeat earnings reports and rising commodity prices gave a lift to the market. BofA and Intel rose, while Verizon fell.
The market seems to be saying that it is not sure where the growth will come from this year. December was fair, not great; now we are going up against tougher comps, and stocks are more expensive.
Stocks gained, although they traded down from the highs of the day, following a handful of positive earnings reports and rising commodity prices. BofA and Intel rose, while Verizon fell.
Joe Terranova of Virtus Investment Partners explains why and defends his argument against Veracruz founder Steve Cortes.
Stocks advanced amid several positive earnings reports and as debt concerns among peripheral euro zone countries faded for the moment. HP and BofA rose, while Verizon fell.
Alcoa has confirmed that the problem with stocks may be more about valuation than about fundamentals. CLSA put it simply after reviewing Alcoa's strong earnings: "We reiterate our Sell rating as we do not see upside from these levels."
U.S. stock index futures edged slightly higher ahead of the open Tuesday after Alcoa got earnings season off to a good start with better-than-expected results after the close Monday.
There's nothing like buyer's remorse when it comes to stocks.
Stocks ended up nearly a percent or more as investors flocked to stocks, pushing the market to new two-year highs for the first trading day of the year. Bank of America and Alcoa gained, while Coca-Cola fell.
Stocks ended up nearly a percent or more as investors flocked to stocks, pushing the market to new two-year highs for the first trading day of the year. BofA and Alcoa rise, while Coca-Cola slipped.
Stocks surged to new two-year highs as investors flocked to stocks, pushing all the major indexes up more than 1 percent on the first trading day of the year. Bank of America and Alcoa gained, while Coca-Cola fell.
After China’s unexpected rate hike, investors are wondering if Beijing will sacrifice market gains to keep prices in China from increasing too quickly.
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.
A strong holiday turnout has the retail stocks flying, with the XRT trading near 52 week highs. But Oppenheimer Carter Worth doesn’t like everything he sees in this space.
See what's happening, who's talking and what will be making headlines on Tuesday's Squawk on the Street.