-
Week Ahead: Add Consumer Snapshot to Market's Rate and Oil Obsession
Monday, February 22, 2016 - 10:56am | 917Stocks ended a largely winning week with choppy action on Friday as investors seek more clarity in coming sessions from a volatile oil market, the interest rate outlook, and the health of Q1 earnings results. Despite Friday’s push and pull, major stock indexes booked solid weekly gains,...
-
Would An Apple REIT Spin-Off Make Sense?
Thursday, January 28, 2016 - 1:54pm | 720The following is an exclusive thought piece from GilverBook. A REIT that includes Apple Inc. (NASDAQ: AAPL) retail stores seems like an excellent idea. Apple stores share an advantage that is seen in retail REITs with the most success -- high sales per square footage. When one looks at regional...
-
Alert: JC Penney To Close Stores This Year, Sozzi Says
Tuesday, January 12, 2016 - 4:10pm | 288J C Penney Company Inc (NYSE: JCP) has decided to shrink its operations this year. According to Brian Sozzi of The Street, the department stores operator plans to close seven of its roughly 1,060 U.S. stores over 2016. People from the company’s management team were at the ICR...
-
Market Update: SPX Support Comes Into Play as Oil, China Test Stocks
Thursday, January 7, 2016 - 4:02pm | 1011The S&P 500 (SPX) tested chart support near 1960-68 in Thursday’s session before a mild bounce that leaves both bulls and bears taking a new look at prospects for 2016. China’s growth concerns and oil’s slide have stained the broader financial markets, but intraday bounces...
-
Top Performing Industries For January 7, 2016
Thursday, January 7, 2016 - 11:32am | 263At 10:30 am, the Dow fell 1.18 percent to 16,707.13, the broader Standard & Poor's 500 index moved down 1.24 percent to 1,965.69 and the NASDAQ composite index slipped 1.62 percent to 4,757.30. The industries that are still afloat in the market today are: Jewelry Stores: This industry gained...
-
Buckingham Cuts Targets On Dillards, Gap, Nordstrom, Macy's, Raises Target On Kohl's
Tuesday, January 5, 2016 - 11:20am | 725While Kohl's Corporation (NYSE: KSS) shares are up 4 percent since December 7, shares of Dillard's, Inc. (NYSE: DDS), Gap Inc (NYSE: GPS), Nordstrom, Inc. (NYSE: JWN), and Macy's, Inc. (NYSE: M) are down. Buckingham Research Group’s analysts maintained Neutral ratings for...
-
Benzinga's Top #PreMarket Gainers
Monday, November 23, 2015 - 9:10am | 156KaloBios Pharmaceuticals Inc (NASDAQ: KBIO) shares rose 21.92 percent to $22.25 in pre-market trading after jumping 75.48 percent on Friday. KaloBios Pharma named Martin Shkreli as CEO and announced a new financing. Tuniu Corp (NASDAQ: TOUR) shares rose 8.08 percent to $16.98 in pre-market...
-
Best Buy Earnings: Competition, Fickle Buyers Could Challenge Results
Wednesday, November 18, 2015 - 12:42pm | 799Your family and friends may be loading up on Fitbits and Beats by Dr. Dre headphones, but where are they buying? Sales at bricks-and-mortar electronics stores are falling, down 4% on a year-over-year basis, according to the Commerce Department. Among the largely traditional stores stands Best Buy...
-
WMT Already Warned About Spending, What Else Will Earnings Reveal?
Monday, November 16, 2015 - 2:20pm | 982An already battered retail sector will see results from another handful of stores this week, leaving some on Wall Street to question what’s really up with spotty consumer spending while job market health improves. The bigger driver of stock volatility may be continued lost demand at...
-
Mid-Day Market Update: Crude Oil Down 2%; Roundy's Shares Gain On Acquisition News
Wednesday, November 11, 2015 - 1:15pm | 539Midway through trading Wednesday, the Dow traded down 0.24 percent to 17,714.91 while the NASDAQ declined 0.23 percent to 5,071.71. The S&P also fell, dropping 0.22 percent to 2,077.11. Leading and Lagging Sectors In trading on Wednesday, non-cyclical consumer goods & services shares jumped...
-
Mid-Morning Market Update: Markets Edge Lower; Macy's Lowers Full-Year Forecast
Wednesday, November 11, 2015 - 11:20am | 536Following the market opening Wednesday, the Dow traded down 0.18 percent to 17,725.37 while the NASDAQ declined 0.19 percent to 5,073.64. The S&P also fell, dropping 0.15 percent to 2,078.58. Leading and Lagging Sectors In trading on Wednesday, non-cyclical consumer goods & services shares...
-
Morning Market Losers
Wednesday, November 11, 2015 - 11:06am | 264Everyday Health Inc (NYSE: EVDY) dipped 30.35 percent to $7.00. Everyday Health reported a Q3 loss of $0.40 per share on revenue of $54.3 million. Horizon Pharma PLC (NASDAQ: HZNP) shares dropped 20.24 percent to $17.90. Horizon Pharma responded to a lawsuit filed by Express Scripts Holding...
-
Macy's Posts Downbeat Q3 Sales, Lowers Full-Year Outlook
Wednesday, November 11, 2015 - 10:21am | 306Shares of Macy's, Inc. (NYSE: M) dropped 9 percent in pre-market trading after the company reported downbeat sales for the third quarter and lowered its forecast for the year. The Cincinnati, Ohio-based company posted a quarterly profit of $118 million, or $0.36 per share, versus a year-ago...
-
Benzinga's Top #PreMarket Losers
Wednesday, November 11, 2015 - 9:20am | 174Horizon Pharma PLC (NASDAQ: HZNP) shares declined 20.24 percent to $17.90 in pre-market trading. Horizon Pharma responded to a lawsuit filed by Express Scripts Holding Company (NASDAQ: ESRX) and recent allegations. Depomed Inc (NASDAQ: DEPO) shares fell 5.70 percent to $20.00 in pre-market...
-
US Stock Futures Gain Ahead Of Macy's Earnings
Wednesday, November 11, 2015 - 8:55am | 528Pre-open movers US stock futures traded higher in early pre-market trade. Macy's, Inc. (NYSE: M) is estimated to report its quarterly earnings at $0.54 per share on revenue of $6.09 billion. Futures for the Dow Jones Industrial Average jumped 50 points to 17,766.0, while the Standard & Poor's...