Trader Talk
- 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
- The Gold Rush Is On
- Bernanke Offers Something For Everyone
TRADER TALK RSS FEED
- How Stock Investors Can Play Holiday Travel
- Time Lapse World Series Is A Great Play
- Hirschhorn: Greed...or Fear
- My Top 10 Tech Toys for the Holidays
- iPhone a Better Gaming Platform Than Android?
- May Day For Dendreon
- 100% Mortgage Financing From USDA
- Holiday Tipping: Who And How Much
- Deep Discounts Should Make It a Very Tech-y Holiday
- The Richest Members of the US Congress
- New Consensus Sees Stimulus Package as Worthy Step
- Black Friday Deals May Not Signal Retail Comeback
- Thanksgiving Week Stuffed With Economic News
- UPS Sets New Rates For 2010
- Wall Street Jobs Slow to Return Despite Record Profits
- Investors to Goldman: Be Less Greedy
- Victoria's Secret Hopes to Rekindle Desire for Lingerie
- 'New Moon' Takes Record $72.7M Box Office Bite
CNBC Reporter
Retailers report tomorrow and an upside surprise possible. We will get the bulk of October retail same store sales tomorrow, and likely some updated fourth quarter guidance from a handful of retailers.
Key points:
1) Sales estimates for October have been revised UPWARD throughout the whole month. There is now likelihood that the retail universe will report a 2.0 percent gain for the month, which would be the single largest monthly same store sales increase dating all the way back to June 2008, according to Retail Metrics.
2) Comps are MUCH EASIER because October 2008 was a disaster;
3) Cooler temperatures later in the month a big help;
4) Generally more positive news on the economy and more positive comments from retailers in general.
And now the bad news: the Retail Index (RLX) was at a new high just last week, so the Street is anticipating good bottom-line reports for the third quarter. "The market now needs to see evidence of accelerating top-line growth, in our view," Morgan Stanley said in a note this morning.
That is what we need to hear tomorrow.
_____________________________
_____________________________
Questions? Comments?
POPULAR TRADER TALK POSTS
- 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
- The Gold Rush Is On
- Bernanke Offers Something For Everyone








