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Markets Begin The Week On A Losing Note Ahead Of Earnings Kick-Off, Fed Minutes
Monday, October 6, 2014 - 4:45pm | 1927U.S. stocks traded lower on Monday ahead of earnings season, which unofficially begins on Wednesday. The Federal Reserve will also release its minutes from its recent meeting on the same day. Major indices were trading in positive territory on Monday with the Dow up as much as 89 points before...
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Earnings Expectations For The Week Of October 6: Alcoa Inc, PepsiCo, Inc. & More
Sunday, October 5, 2014 - 6:53pm | 962A new earnings season gets underway this week when Alcoa Inc (NYSE: AA), PepsiCo, Inc. (NYSE: PEP) and Yum! Brands, Inc. (NYSE: YUM) share their third-quarter results. Analysts expect at least some growth on the top and bottom lines for all three companies. Also scheduled to step into the...
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#PreMarket Primer: Wednesday, September 10: Dollar General Gets Aggressive
Wednesday, September 10, 2014 - 7:38am | 1194Dollar General Corp (NYSE: DG) has decided to tender to buy Family Dollar Inc. (NYSE: FDO) for $80 per share in cash. The tender offer will take place on Wednesday and comes after Family Dollar rejected Dollar General’s $9.1 billion acquisition offer in favor of an $8.5 billion agreement...
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#PreMarket Primer: Thursday, September 4: Talk Of A Ceasefire In Ukraine
Thursday, September 4, 2014 - 7:46am | 1373The situation in Ukraine looked to be brightening on Thursday as officials tried to determine the validity of a ceasefire agreement between Russian President Vladmir Putin and his Ukrainian counterpart, Petro Poroshenko. Though Poroshenko was optimistic about the deal, U.S. President Barack Obama...
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How Wal-Mart Is Disrupting The Dollar Store Space
Friday, August 29, 2014 - 12:10pm | 641Dollar stores are trying to strengthen their presence in the small-box store market for a reason that many people don’t understand. Contrary to popular belief, it might have to do with Wal-Mart Stores (NYSE: WMT). Historically, this shouldn't be a surprise, as Wal-Mart has steamrolled...
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Markets Continue To Rally Ahead Of Yellen's Speech At Jackson Hole
Thursday, August 21, 2014 - 5:16pm | 2993U.S. stocks rose as the S&P 500 toppled to a new all-time high of 1,994.76 while the Dow rose above the 17,000 mark following positive economic reports. Speaking from Jackson Hole, San Francisco's Federal Reserve President John Williams stated that raising the benchmark interest rate...
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The Drama Continues In The Dollar Store Space
Wednesday, August 20, 2014 - 3:07pm | 848Family Dollar (NYSE: FDO) on Monday confirmed it received an offer to be acquired by Dollar General (NYSE: DG) for $8.9 billion. Family Dollar said in a statement hat it "remains subject to the merger agreement with Dollar Tree, and the Company's Board of Directors has not changed its...
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Dow Flirts With 19,000, S&P 500 Approaches 2,000 & NASDAQ Trading At 14-Year Highs
Tuesday, August 19, 2014 - 4:35pm | 2619U.S. stocks rose as geopolitical events took a back seat and investors found positives in housing and consumer price index data released Tuesday. The markets followed the lead of Apple which closed at an all-time split-adjusted high of $100.53. Earnings from Home Depot and TJX Companies also...
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Wal-Mart's Woes In Attracting Clients No Different From Luxury Retailers
Tuesday, August 19, 2014 - 4:29pm | 743When asked to comment on how the retailer's core customer is adapting to the challenging economy, Wal-Mart's (NYSE: WMT) former president and CEO of Wal-Mart U.S. Bill Simon told Reuters, “We've reached a point where it's not getting any better, but it's not getting...
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#PreMarket Primer: Tuesday, August 19: Dollar General Incites Bidding War
Tuesday, August 19, 2014 - 7:17am | 1147On Monday, Dollar General (NYSE: DG) foiled Dollar Tree's (NASDAQ: DLTR) plans to acquire Family Dollar (NYSE: FDO) by entering its own bid for the second-largest dollar-store chain. Dollar General, the largest of the three, has offered $9 billion in cash for its rival, saying the...
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Jefferies Mostly Positive On Retailers Ahead Of Earnings
Tuesday, August 12, 2014 - 11:53am | 1212Jefferies analyst Daniel Binder released an earnings preview ahead of major retailers that are set to announce quarterly results. “We started the second quarter with conservative estimates and early reports have been mixed,” Binder wrote in a note to clients on Tuesday. “We...
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Ukraine Tension Prominent As Dow Suffers Triple Digit Loss; S&P 500 & NASDAQ Also Lower
Tuesday, August 5, 2014 - 4:46pm | 3092U.S. stocks declined and erased Monday's gains following reports that Russian troops were lining on the borders of Ukraine and preparing for an invasion, according to comments made by Poland's Foreign Minister. “Unfortunately, Russia has restored its combat readiness on the...
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Stocks Mixed Despite Better Than Expected GDP
Wednesday, July 30, 2014 - 4:43pm | 2929U.S. stocks were mixed as the Fed continued to wind down its monthly asset purchase program by another $10 billion. The Fed noted that the economy rebounded in the second quarter despite significant under-utilization remaining in the labor market. As such, the Fed noted, it will maintain a...
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Markets Little Changed Ahead Of The Federal Reserve's Policy Decision
Monday, July 28, 2014 - 4:36pm | 2462U.S. stocks were little changed ahead of the Federal Reserve's policy announcement due out on Wednesday. The Federal Reserve will conclude a two-day session, with the central bank likely to announce further cuts to its monthly asset purchases. In economic news, June home sales declined in...
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Barron's Recap: Retail On Sale
Monday, July 14, 2014 - 6:53am | 773This weekend in Barron's online: summer bargain in retail, a special report on three top advisor teams, as well as the prospects for Johnson Controls, Orange, Rayonier Advanced Materials, Qualcomm and more. Cover Story "Retail On Sale" by Andrew Bary. Investors have fled from retailers, creating...