Consumer Nation
Katie Little
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It is “inevitable” that Facebook will go public and when it does it could be “the largest offering in history,” said Sean Parker, the first president of the social-networking site, in an interview with CNBC at the World Economic Forum in Davos.
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On the eve of Apple’s fiscal first quarter earnings release, to be delivered on Tuesday, one analyst is bullish on the tech company’s stock and anticipates further growth from its iPad and iPhone products.
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If one technology strategist is correct, IBM, Intel and Microsoft will be the leaders of a new economy 10 years from now.
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Although one restaurant analyst has a ‘buy’ rating on both McDonald’s and Starbucks, he thinks the coffee chain’s stock is the better buy, citing its potential for greater earnings growth.
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Although Microsoft warned last week that floods in Thailand could disrupt personal computer shipments, investors are more concerned with the tech company’s defensive characteristics, one managing director said.
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The departure of Urban Outfitters' CEO has prompted one analyst to upgrade it to "neutral" from "sell" and raise the company's 12-month price target to $25 from $22.
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On Monday, one analyst initiated coverage on Zynga — which makes games, such as FarmVille and Words with Friends — with an overweight rating and a $11 price target.
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Citigroup expects relative outperformance in the card and payments sector although headwinds are forming, said the company’s analysts in a research report released Monday. Citi also raised its price target for American Express, MasterCard and Visa.
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Although pre-owned sales still dominate the boating market, consumers are beginning to test the waters and buy new models again as the winter boat show season began on Wednesday.
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Consumers appear to be testing the boat-buying waters again, and industry officials predict new boat sales will have ended 2011 about five percent higher.
Featured
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Lowe's and Target are just two of the big retailers reporting results this week.
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Despite the selloff of Best Buy shares Tuesday, there are early positive signs the turnaround efforts are working.
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To the creative, go the spoils. Hoping to boost sales, restaurants are launching a slew of innovative items.
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From waffle tacos to doughnut-bacon-and-egg sandwiches, restaurants pull out all the stops to capture your taste buds.
More From Consumer Nation
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Christina Cheddar Berk is editor of CNBC.com's Consumer Nation and chief trend spotter.
Retail
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GameStop shares took a hit after Microsoft unveiled its Xbox One and it said it wouldn't play used games, or would charge a fee to do so. Paul Raines, CEO of GameStop, offers insight on the quarter and the console business.
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Clothing-store chain Gap delivered earnings and revenue that beat expectations, an encouraging sign for the retail sector.
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The department-store chain saw its loss more than quadruple, a big miss. Shares fell sharply after-hours.