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October Retail Sales—The Good, Bad and Ugly?
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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
- Street Wants Citi to Use Cash For TARP
- Will 'This' Be The Issue of 2010?
- What's Got Traders Worried
- Airlines Starting To Soar
- Strong Dollar—Strong Stocks? Not Today
- B of A Will Trade 1 Billion Shares Today
- The Jobless Surprise
- Bruising Day For Banks
- Traders Try to Rationalize Poor Retail Sales
- Retail Sales Disappoint
Data is a real-time snapshot *Data is delayed at least 15 minutes