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Americans shopped hesitantly during May, giving retailers modest relief from a dismal showing in April but still raising questions about how strong consumer spending will be in the months ahead.
With May same-store sales out today, one analyst said that youth apparel retailers performed well last month, though he expects the next two months will be better tests for consumer sales.Strong sales at Pacific Sunwear and Zumiez represent "their strength in the West Coast lifestyle," Piper Jaffray retail analyst Jeff Klinefelter said on "Squawk Box." He added that small cap vendor Phillip Van Heusen performed well also.
Merrill Lynch, Target, Palm, Tesoro and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Bed Bath & Beyond warned that its first-quarter earnings would be below Wall Street's consensus estimate. This morning Goldman Sachs cut its rating on the retailer to neutral from buy and lowered its price target by $5 to $40.
Whole Foods Market, the world's largest organic and natural foods chain, opens its first store outside North America in London on Wednesday and plans hundreds more in Britain and across Europe.
It's not too late to get in on the action in Wal-Mart. Also, Cramer's favorite cancer drug play.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Stocks closed with modest gains as investors shrugged off sharp declines in China and higher energy prices amid continued mergers and acquisitions activity. "Right now we're in a glass-half-full type of mood," said Al Goldman, chief market strategist at A.G. Edwards. "The market just doesn't seem to go down."
Analysts upgraded their ratings on Wal-Mart Stores stock, citing the world's largest retailer's plans to curb its U.S. store growth and a $15 billion share buyback announcement.
Stocks are weaker ahead of the open despite a round of Monday morning mergers. Asian markets were higher, ignoring another selloff in China overnight, and European markets are lower.
The guys go behind the headlines and give you their take on... the family behind Dow Jones agreeing to meet with Rupert Murdoch... Wal-Mart's $15 billion buyback ... and more. Find out where they see fast money.
In this feature the guys revisit recent trades. Here's what Jeff Macke is saying today about his grocery store picks.
Close your books and pick up your pencils. It’s time to see if you’ve got what it takes to make it as a trader. In this feature, Dylan poses a scenario and biz students must quickly come up with smart trades. This week they’re from Penn State, University of Illinois, Ohio State, and Washington University. Could you pass today's test?
It started off as a rainy, muddy day here in Northwest Arkansas -- a fitting backdrop for the Wal-Mart annual meeting, given Wall Street's dampened expectations. By the end of day, it was a scorcher and Wal-Mart's stock price closed up 4% on the day. Here are the nuggets I found interesting and overlooked by many: Russia and India were specifically referenced as potential international markets.
Wal-Mart's board is trying to reverse course from its well-documented high-profile fashion faux pas and they're bringing in a big gun to do that. One of the topics up for vote at the Wal-Mart annual investor meeting in Arkansas this week will be whether to add Allen Questrom to its board of directors. Within the retail industry, Allen Questrom is viewed as a master of merchandising and retail.
Stocks closed with broad gains after strong economic data pushed the Dow and S&P 500 to new highs. "We thought probably the dance music would probably slow down by now but with the wave of mergers and $2.5 trillion dollars cash on the sidelines, it looks like the party will go on for a while," said Fred Dickson, chief market strategist at DA Davidson.
Stocks ended a holiday-shortened week higher on an almost continuous flow of merger news. The Dow closed with a weekly gain of 1.2%, rebounding nicely from a 0.4% decline a week earlier. It took several tries but the S&P 500 finally surpassed its March 2000 high, gaining 1.3%. The Nasdaq rose 2.2%, the best weekly performance since March.
Judith Spanier, a plaintiff’s attorney and partner at Abbey, Spanier, Rodd & Abrams, told CNBC’s “Power Lunch” that Wal-Mart’s workers “have no voice except for litigation.” But Aliza Herzberg, a partner at Olshan, Grudman, Frome, said prospective workers routinely flood Wal-Mart with job applications when a new store opens, including 25,000 people who applied for 400 jobs in Evergreen, Ill.
Wal-Mart Stores said it will moderate the growth of its supercenter stores "a little bit," sending shares of the world's largest retailer up about 4%.
On Thursday Tiffany (TIF) said earnings jumped 15% - the same day Costco (COST) said profits fell 5%. This is the great consumer divide in action, folks. Higher gas prices heading into this summer are dividing the “haves” from the “have nots”. How do you trade this phenomenon?
Jobs and manufacturing data combine this morning to tell the tale of the consumer and manufacturing pillars of the economy for a market set on moving higher. Stock futures are moving up after markets around the world start the month of June with gains.