-
Are Economic Numbers Lying to You?
Thursday, January 5, 2012 - 12:31pm | 1029Traders have been receiving mixed news from around the globe. While corporate news appears to be increasingly positive in the US, sovereign debt appears to worsen in Europe. Retail and production numbers appear to be slowing across the globe, despite largely positive results during the holiday...
-
Can These Stocks Protect Your Portfolio from Cold Weather
Thursday, January 5, 2012 - 11:28am | 634So far, the weather this winter has been unusually mild in the northern parts of the United States. However, it can be expected that nippy conditions are on their way to bug even the thickest skinned traders. Therefore, it is time to take a look at the stocks that could give you a warm feeling...
-
Macy's Increases Dividend, Raises 2011 View, Announces $1B Share Repurchase
Thursday, January 5, 2012 - 10:07am | 101Shares of Macy's (NYSE: M) are seeing some strength in early trade on Thursday after announcing many positive developments. On a same-store basis, Macy's sales were up 6.2 percent in December. Same-store sales for the combined November/December holiday selling period were up 5.7 percent. The...
-
From Earlier: Destination Maternity Reports Sales and Provides Updated Earnings Guidance for First Quarter of Fiscal 2012
Thursday, January 5, 2012 - 10:00am | 460Destination Maternity Corporation (Nasdaq: DEST) today reported sales and provided updated earnings guidance for the first quarter of fiscal 2012 ended December 31, 2011. Net sales for the first quarter of fiscal 2012 increased 0.7% to $136.4 million from $135.4 million reported for the first...
-
Retail Sales Roundup
Thursday, January 5, 2012 - 9:31am | 386Target Corp (NYSE: TGT) reported a 1.7% rise in its December same store sales. Analysts were expecting same-store sales to increase 3.1%. Target's total December sales rose 2.6% to $10.14 billion. Costco Wholesale Corp (NASDAQ: COST) reported a 7% rise in its December same-store sales. Costco's...
-
Macy's Reports 6.2% Rise In December Same-Store Sales, Lifts Q4 Profit Forecast
Thursday, January 5, 2012 - 9:21am | 73Macy's Inc (NYSE: M) reported a 6.2% rise in its December same-store sales. Analysts were expecting same-store sales to increase 5%. Macy's total sales for the five weeks ended December 31 surged 6.6% to $4.93 billion. Macy's raised its Q4 profit forecast to $1.55 to $1.60 per share, versus its...
-
Doomsday Capitalism: Should You Prepare for Market Collapse in 2012?
Wednesday, December 28, 2011 - 5:39pm | 1904Marketwatch's Paul Farrell had an interesting article Tuesday contrasting the hope for an economic recovery in the markets with the fear of a global financial doomsday. Though USA Today reported that market strategists are predicting a "glowing 2012" with a 10 percent increase in stocks,...
-
American Shoppers Leave Shopping to the Last Minute
Wednesday, December 28, 2011 - 2:45pm | 708Reports on Wednesday suggested that 2011's holiday shopping season was split into a a two-week surge preceding Christmas, then a lull, then a hot Back Friday. According to the Associated Press, the lull proves that shoppers have learned to wait for the inevitable discounts that come year after...
-
How to Profit From Sears' Demise
Wednesday, December 28, 2011 - 2:38pm | 984Before yesterday's trading session, Sears (NASDAQ: SHLD) announced very disappointing news to its investors. Sears issued poor fourth quarter revenue and EPS guidance, well below analysts' estimates. Sears also stated that it will be closing about 120 stores across the US. Sears' stock nearly fell...
-
Sears Celebrates Holidays by Closing 120 Stores
Tuesday, December 27, 2011 - 11:05am | 563Sears Holdings (NASDAQ: SHLD) took the week between Christmas and New Year to spread holiday cheer amongst its employees by announcing that it will be closing between 100 and 120 of its Sears and Kmart stores, with 4Q sales off 5.2 percent from last year. If you would like to be alerted to Sears...
-
American Spending is Up, but Not Enough
Friday, December 23, 2011 - 11:44am | 480With the finance world preparing to clock off for Christmas and the holidays, the personal income and spending numbers were released on Friday morning. According to Bloomberg, personal income increased 0.1 percent to $8.5 billion. Disposable personal income decreased less than 0.1 percent to $5...
-
Five Things Amazon Could Do with Research in Motion
Wednesday, December 21, 2011 - 12:40pm | 1603Roughly six months ago, Amazon was on the verge of acquiring Research in Motion. That's according to a Reuters exclusive, which claims that Amazon (NASDAQ: AMZN) hired an investment bank this summer to review a potential merger for the BlackBerry maker. While some have questioned the validity of...
-
Seven Apparel Retail Stocks Worth a Look Now
Monday, December 19, 2011 - 7:39am | 901The holiday shopping season seems to be going better than early forecasts suggested. So here are seven retail stocks that might be worth a look. All have double-digit returns on equity and double-digit long-range EPS growth forecasts. Each is up more than 10% over the past year as well. DSW (NYSE...
-
Costco Broke Support; Macy's Close to Support
Friday, December 16, 2011 - 4:06pm | 444After stocks posted the first gain of the week, following much better than expected economic data, we identified the following trading ideas. Shares of Costco Wholesale Corporation (NASDAQ: COST) closed the trading session at $82.57 below calculated support at $84.00 breaking current long setups,...
-
Fast Money Picks For December 16th (AET, M, MANT, ETR, COV, LLY, ADBE)
Thursday, December 15, 2011 - 9:16pm | 264On CNBC's Fast Money, Stephen Weiss said that he likes managed care industry. He would buy Aetna Inc. (NYSE: AET) in the space. Aetna Inc. (AET) gained 1.96% today, and it closed at $40.05. Mike Khouw recommends a long position in Macy's, Inc. (NYSE: M), but he would collar it up. Macy's, Inc. (M...