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CNBC Reporter
October retail sales. Now that all the analysts have finished opining to their clients, it's clear there's good and bad news about the direction of retail sales.
The good news:
1) analysts continue to RAISE earnings estimates,
2) less discounting,
3) rock-bottom low inventory, and
4) some signs that the high-end consumers are coming out of their shells (Nordstrom [JWN Loading... ()
] , Saks [SKS Loading... ()
The bad news:
1) expectations for the retailers are very high, with retailers outperforming since the March lows,
2) there are indications that sales fell off dramatically in the second half of October (Kohl's [KSS Loading... ()
3) gas prices are stil rising, and
4) most analysts are still negative on the consumer.
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POPULAR TRADER TALK POSTS
- 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
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