-
Stocks Close Lower On Economic Concerns In Europe
Thursday, July 10, 2014 - 4:38pm | 2145U.S. markets followed European equities and sold off after Portugal's second largest bank Banco Espirito Santo missed a debt payment, renewing concerns over the health of the Portuguese and European economy. Despite a comeback from hefty losses, major indices still finished the day in...
-
Memories Of March Return As Momentum Stocks Hit Hard
Tuesday, July 8, 2014 - 4:49pm | 1900U.S. stocks sold off hard with momentum stocks seeing larger losses with names like Twitter, Facebook, FireEye and others under-performed major indices significantly. The Fed's richmond President Jeffrey Lacker commented that U.S. inflation has bottomed and is moving towards its target...
-
Earnings Expectations For The Week Of July 7: Alcoa, Wells Fargo And More
Sunday, July 6, 2014 - 3:26pm | 892Alcoa (NYSE: AA), the traditional kickoff to a new earnings season, steps into the earnings spotlight this week, and analysts are looking for mixed results for the second quarter. Will that be a harbinger for reports to come? Things really get started when Wells Fargo (NYSE: WFC), the first of...
-
Market Wrap For June 20: Yet Again, Dow And S&P 500 Indices Hit New Highs
Friday, June 20, 2014 - 4:40pm | 2263U.S. stocks were slightly higher as the Dow and S&P 500 indices continue hitting new all-time highs following positive comments from the Fed's Chief Janet Yellen earlier this week. The Dow continues to flirt with the 17,000 mark and hit a historical intra-day high of 16,978.0 Friday...
-
Dollar General Earnings Conference Call Summary
Tuesday, June 3, 2014 - 3:48pm | 366Dollar General (NYSE: DG) on Tuesday hosted its earnings call for the second-quarter of the fiscal year. Despite reporting poor sales for the quarter, management spoke in a pleased and optimistic tone about the company's performance, competitors and future operations. Second-Quarter...
-
Dollar General Earnings Preview: Winter Weather To Get The Blame Again?
Monday, May 26, 2014 - 12:37pm | 777According to a recent study, Dollar General (NYSE: DG) has taken the low-price lead from larger competitor Wal-Mart, and is scheduled to report its fiscal first-quarter 2014 results on Thursday, May 29, before the markets open. Last year, slightly lower debt and debt refinancing contributed to the...
-
Family Dollar Stores Earnings Preview: Competitive Threats From Wal-Mart, Macroeconomic Issues In Focus
Wednesday, April 9, 2014 - 4:18pm | 585Family Dollar Stores (NYSE: FDO) will report its second quarter financial results on Thursday, April 10, before the market open. The company is expected to earn $0.90 per share on $2.77 billion of revenue. The last time Family Dollar reported its earnings was on January 9. The company earned $0...
-
Market Wrap For April 1: S&P 500 Hitting New All-Time High Not An April Fools' Joke
Tuesday, April 1, 2014 - 4:47pm | 1704U.S. stocks kicked off a new month and new quarter with solid gains as U.S. manufacturing growth improved in March. The indexes have now logged a three-day winning streak, an accomplishment which was completely absent throughout all of March. The S&P 500 hit new all-time highs of 1,885.84...
-
Sozzi's Retail Roundup: CVS Getting In Tune With Its Health Realignment
Wednesday, February 12, 2014 - 2:32pm | 488Last week, Brian Sozzi, CEO and Chief Equities Strategist at Belus Capital Advisors dropped by on Benzinga's PreMarket show to discuss retailers. Benzinga asked Sozzi to share his retail expertise on companies he does not normally follow and for his opinion on CVS (NYSE: CVS) decision to...
-
Market Wrap For January 17: Stocks Finish Week With Mixed Results
Friday, January 17, 2014 - 5:40pm | 2758Stocks traded mostly lower today as investors digested a new set of earnings that were disappointing. A mixed housing data and a consumer sentiment coming in lower than expected was enough to tame the bulls as major indices finished the day mixed. Markets will be closed on Monday for Martin...
-
Market Wrap For January 9: All Eyes on Tomorrow's Job Report
Thursday, January 9, 2014 - 5:43pm | 2416Markets were relatively calm during Thursday's trading session as investors anticipate Friday's jobs report. The December employment report is expected to show about 200,000 payroll jobs representing a steady growth and a clear sign that labor market and economy are both strong. Related:...
-
Earnings Expectations For The Week Of January 6: Alcoa And More
Sunday, January 5, 2014 - 5:23pm | 864Quarterly reports from Alcoa (NYSE: AA) have long been considered the kickoff to a new earnings season, though its role may become less relevant now that it has been dropped from the Dow Jones Industrial Average. Along with Alcoa, Micron Technologies (NYSE: MU), Monsanto (NYSE: MON), SUPERVALU (...
-
Food Stamp Cuts Affect Retailers and Consumers
Friday, November 1, 2013 - 10:52am | 573With the expiration Friday of $16 billion in Supplemental Nutrition Assistance Program, or SNAP, benefits first enacted in 2009, approximately 48 million Americans will see cuts in their food stamp benefits. The cuts, which average $36 a month for a family of four, will not just affect those...
-
Earnings Expectations For The Week Of October 7: A New Earnings Season
Sunday, October 6, 2013 - 12:27pm | 1101Yum! Brands (NYSE: YUM), J.P. Morgan (NYSE: JPM) and Wells Fargo (NYSE: WFC) will kick off the new earnings season this week. Analysts are looking for revenue declines from these three, and only Wells Fargo to post year-over-year earnings growth. Since it has dropped out of the Dow Jones...
-
Dollar General Earnings Preview: Strong Revenue Growth Expected (DG)
Tuesday, September 3, 2013 - 2:35pm | 718Discount retailer Dollar General (NYSE: DG), shares of which reached a new 52-week high last week, is scheduled to report its second-quarter fiscal 2013 results Wednesday, September 4, before the markets open. Investors will be watching to see whether, now that the economy has started to revive,...