Homefurnishing Retail

Bed Bath & Beyond (NYSE: BBBY) released their quarterly earnings this afternoon after the closing bell. The company reported first quarter net earnings of $137.6 million or $0.52 per share compared to $87.2 million or $0.34 per share in the year ago period. Wall Street analysts had anticipated...

Today's market action is suggesting that U.S. equity indices are beginning to break down, as leading indicators are increasingly pointing to the likelihood of a double dip recession. The number that the market was focusing on today was existing home sales, which were very disappointing. The...

Cusick’s Corner Existing Home sales data came in worse than expected at 5.66 million units, which pulled down the market early but after review of the data, the market clawed back with the major indices hovering around breakeven. This recent data created two camps, one believes that the number of...

Shares of Pier 1 Imports Inc. (NYSE: PIR) are lower on the session by 1.78%, currently trading at $7.16. The stock has been consolidating between $7.00-8.00 after rallying for the past six months. The stock recently broke down through the 50-day moving average, though. Options traders are betting...

At 10:41 a.m., the Dow gained 53.96, or 0.52%, to 10,463.42, the broader Standard & Poor's 500 index moved up 3.27, or 0.29%, to 1,119.31 and the NASDAQ composite index soared 11.13, or 0.48%, to 2318.29. The industries that are driving the market today are: Drug Stores: The top gainer of the...

Shares of Bed Bath & Beyond (NASDAQ: BBBY) are higher on the session by 3.41%, currently trading at $43.12. The stock has been a relative outperformer as of late, though it seems like a move lower, toward the $40 support level may be in order. Options trading is favoring the put side today as...

• Goldman Sachs (NYSE:GS) added shares of Williams Companies (NYSE:WMB) to its Conviction Buy list with a price target of $28. The shares had been rated as a "buy" • FBR reiterated its "market perform" opinion of Intel (NASDAQ:INTC), with a price target of $30 • RBC upgraded Tesoro (NYSE:TSO) from...

Cusick’s Corner An impressive bounce occurred today after the market had been pounded down, resulting in all the indices finishing the day on the positive side. When you see moves like this, you want to see the market retake support, 1110 on the ESU10. Do not forget that tomorrow is expiration, a...

Retail stocks are trading in the negative territory today, as the news of an unexpected rise in weekly jobless claims weighed on the market. Leading economic indicators for the month of May failed to meet expectations, along with a Philadelphia manufacturing measure. The S&P Retail Index (RLX)...

Cusick’s Corner With the Claims numbers worse than expected, the market has been holding up pretty well. This could be in part because the Euro is holding above $1.23. What is making me a little suspect of a continuation is that there was a Harami print yesterday. Take a look at the SPY day chart...

• Pier 1 (NYSE:PIR) posted better-than-expected first quarter earnings of 7 cents a share, up from Zacks consensus of a 2 cent loss, on revenues of $306.3 million, above Zacks estimates of $305 million • Smithfield Foods (NYSE:SFD) reported in-line fourth quarter earnings of 18 cents a share, on...

Some of the stocks that may grab investor focus today are: Wall Street expects Pier 1 Imports (NYSE: PIR) to post its Q1 loss at $0.03 per share. PIR’s shares gained 0.50% to $8.06 in after hours trading. Analysts are expecting Smucker (NYSE: SJM) to have earned $0.80 per share in the fourth...

Shares of Pier 1 Imports Inc. (NYSE: PIR) are higher on the session by 0.63%, currently trading at $8.04. The stock has been on an amazing run higher since last year, when the company was trading for as little as $0.10. Options traders are selling some puts on the name today. Though action has...

The market sentiment has turned positive after Fed chief Bernanke’s remarks. Till 12:49 pm, the Dow Jones Industrial Average gained 104.15, or 1.05%, to 10,044.13, the S&P 500 index moved up 12.33, or 1.16% and the NASDAQ added 31.06, or 1.43%. Some of the few narrow based indexes that are...

The markets are mostly flat as mixed May retail-sales data offset attractive employment data. Till 11:52 am, the Dow Jones Industrial Average had moved up 3.02, or 0.03%, to 10,252.56, the S&P 500 index gained 1.94, or 0.18% and the NASDAQ added 13.70, or 0.60%. Some of the few narrow based...