- Stocks Lurking Near New Highs Again
- Risk Trade Is Back On
- This Week's Biggest Story: The Dollar
- Corporate Issuance Continues at Torrid Pace
- The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
- Colgate Really Sparkles After Hours
- Light Volume Has Traders Complaining
- Gold Shatters Another Record
- Have Retailers Reached Their Limits?
- The Retail Mind Game
TRADER TALK RSS FEED
MOST SHARED
- Tiger Woods Out of Hospital After Accident
- The Good Entrepreneur Winner
- Get Paid Six Figures to Wear a T-Shirt?
- Global Selloff From Dubai Woes Shows Signs of Winding Down
- Longer Lines, Fuller Carts This Black Friday
- Halftime Report: Dubai - First Ripple Of Larger Crisis?
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Dubai Spooks Investors But May Bring Buying Opportunity
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- Global Selloff From Dubai Shows Signs of Winding Down
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Tiger Woods Out of Hospital After Accident
- Dubai Fallout Is a Correction, Not Another Crisis: El-Erian
- Dubai's Debt Woes Signal New Era for Creditors
- Get Paid Six Figures to Wear a T-Shirt?
- The World's Biggest Debtor Nations
- Five Tips for Buying a Foreclosed Home
More Videos
Trader Talk
Text Size 
Productivity numbers were stronger than expected, but initial jobless claims just keep rising, now at 444,000, the highest levels since 2002. The Bank of England left interest rates unchanged at 5 percent, the European Central Bank also left interest rates unchanged at 4.25 percent.
Elsewhere:
1) Yesterday, Kohl's and JC Penney reported August same store sales slightly better than expected. Today Wal-Mart, Target, Gap, American Eagle (reaffirms third quarter guidance), Pacific Sunwear all reported sales above expectations. However, department stores did not fare as well: Saks and Nordstrom were both below expectations, although not dramatically. Mid-priced stores like Dillards, and Bon-Ton Stores were also weaker than expected, as was Abercrombie. TJX was weaker as well, that is surprising--off-price discounters have been doing well.
Bottom line: back out Wal-Mart, results were fairly soft. Expectations were very modest.
2) Hovnanian[HOV
Loading...
()
] down 8 percent, reported a loss greater than expected, due largely to higher than expected charges. Units sales were down 38 percent year over year and prices down 12 percent. Cancellation rates remain elevated at 32 percent--this is remaining surprisingly high.
3) Toll [TOL
Loading...
()
]reported a loss that was not as great as expected. Traffic and deposits appear to have been stabilizing, "albeit at historic lows." Bob Toll reiterated his belief that "there is pentup demand."
4) Truck manufactuer Navistar NAV
Loading...
()
]up 7 percent pre-open, reported blow-out numbers, largely on improved truck margins.
_____________________________
New!
____________________________________________________________________
CNBC's Names in the News:
Boeing [BA
Loading...
()
]
Lehman [LEH
Loading...
()
]
_______________________________________
LATEST FROM TRADER TALK
Questions? Comments?
POPULAR TRADER TALK POSTS
- Stocks Lurking Near New Highs Again
- Risk Trade Is Back On
- This Week's Biggest Story: The Dollar
- Corporate Issuance Continues at Torrid Pace
- The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
- Colgate Really Sparkles After Hours
- Light Volume Has Traders Complaining
- Gold Shatters Another Record
- Have Retailers Reached Their Limits?
- The Retail Mind Game
Data is a real-time snapshot *Data is delayed at least 15 minutes