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Where do stocks go next? Sell in May and ... look pretty stupid. S&P 500 up 2.2 percent so far. But it's early, no?
A number of top U.S. retailers reported disappointing April sales as consumers gravitated toward discount chains and bad weather delayed spring shopping in much of the country.
Against an improving backdrop for home-goods spending, consumer confidence and the US housing market, J.C. Penney and Target are ramping up their own efforts in the category.
Take a look at some of Friday's midday movers:
If you're new to the market, chances are you never think of this when you buy a stock.
Check out which companies are making headlines after the bell Monday:
Stocks ended higher Thursday lifted by an upbeat jobless claims report, with the Dow and S&P 500 closing at fresh levels, while weakness in large tech companies limited gains on the Nasdaq.
Is it a surprise that PC shipments are declining? No, but two things stand out: the magnitude of the decline was steeper than expected, and now the Asians have stopped buying. That's news.
Retailers broadly missed analysts' estimates for same-store sales in March, a month that typically sees cold weather and slow hiring in the early weeks.
As unfortunate as events may be for JCPenney, they may in fact be extremely fortuitous for rivals.
Facing sharp declines in sales and a plunging stock price, JC Penney's newly re-appointed CEO Mike Ullman must stabilize the struggling retailer's sales while modifying its strategy for winning over customers, analysts said.
The "Fast Money" traders share their final trades of the day.
Research Director for Mad Money, Nicole Urken, discusses JCP’s demise and the difficulty of turnaround.
The struggling department store chain is poised to open the first of its new home goods boutiques, a launch that Johnson himself has called "pivotal" to his efforts to revive Penney.
Chuck Bath, named "Ultimate Stock Picker" by Morningstar, likes a couple of names.
Strong retail sales signal what comes next, OptionMonster's Jon Najarian says.
Despite economic headwinds and uncertainty in Washington, US consumers are rocketing ahead, leading analysts to revisit their GDP forecasts for the first quarter.
Stocks finished higher Thursday, with the Dow posting fresh all-time highs for the third-straight day, following an upbeat weekly jobless claims report and ahead of the widely-watched monthly government jobs data.
After a difficult January, when shoppers first felt the effect of a payroll tax hike that lowered take-home pay by 2 percent, some retailers got a little relief in February from growing employment and a rising stock market.
The past five years haven't been the brightest for the economy or consumers, but that hasn't held back retail stocks. It's been the consumer that has led the way for the Dow Jones Industrial Average since the Oct. 9, 2007, closing peak for the blue chip index, with two retailers landing among the top five performers since that time.