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Black Friday Gets All Orgasmic
Monday, November 28, 2011 - 9:47am | 229Admit it, the initial reads on the holiday season have you all excited about retail stocks. Perhaps a pen and paper is sitting at your side with names ready to be checked off as “owned” in the portfolio. To that, all I can say is to hold your horses, cowboy - don't get sucked into the orgasmic...
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Retail Sector Moves Into The Red, After Briefly Moving Up
Thursday, July 1, 2010 - 10:19am | 118Retail stocks opened into the black today after BMO Capital Markets bumped up the ratings of home-improvement retailers Home Depot Inc (NYSE: HD) and rival Lowe's Cos (NYSE: LOW) from “underperform” to “market perform.” However, after a brief surge, the sector has moved into the red, with the...
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Retail Sector In The Red As Weakness In The Broader Markets Takes Toll
Tuesday, June 29, 2010 - 4:43pm | 180Weakness in the broader market had a cascading effect on the retail stocks as economic data from China suggested that growth in the country is slowing. The S&P Retail Index (NYSE: RLX) fell 1.04% to 403.47 at 4:39 pm EDT. The biggest loser in the sector was bookstore operator Barnes & Noble...
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Retail Sector Recovers Slightly After Tripping
Monday, June 28, 2010 - 3:41pm | 340After falling in the first half of the trading day, retail stocks have moved slightly in the black today. The S&P Retail Index has advanced 0.58% to 407.72 after the Commerce Department estimated a substantial increase in the savings rate of US households in May, with income growing faster than...
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Below-Forecast Economic Data Leads The Retail Sector Into The Red
Thursday, June 17, 2010 - 3:23pm | 189Retail 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)...
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Bleak Housing Starts Data Leads Retail Sector In The Red Today
Wednesday, June 16, 2010 - 2:14pm | 189Retail stocks dropped today on news of the US home builders curbing construction beyond expectations. It triggered further anticipation that construction materials and home related products’ demand may be adversely affected. The S&P Retail Index (RLX) inched up 1.27%, to 441.69 by 12:48 pm....
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Tuesday's Market Losers
Tuesday, June 15, 2010 - 9:51pm | 129On a day when the Dow was surging and most stocks closed higher than they opened, there were a few companies that dropped substantially. Here are a few of the market's worst performers on Tuesday. La-Z-Boy (LZB) was one of the market's worst performers falling 16.7%. Shares of retailer Best Buy Inc...
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Retail Sector In The Red Today As US Retail Sales Fall For First Time Since September
Friday, June 11, 2010 - 2:35pm | 280Retail stocks are treading water on Wall Street today as the strength of consumer spending came under a scanner, after disappointing May retail sales data. The S&P Retail Index (RLX) plunged 1.2% to 429.79. The sales fell 1.2% in May, dropping for the first time over the last eight months, as...
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Retail Sector Moving Up Following An Upgrade By Moody's (BGP, GE, RSH, BBY, BKS, CHS)
Monday, April 12, 2010 - 2:55pm | 355The retail industry has moved into positive territory after Moody's Investors Service upgraded the sector and said that it expects credit conditions to improve for the industry over the next 12 to 18 months. Moody's also expects operating income in the sector to grow in mid-single digits, driven by...
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Retail Stocks Jumped On April 1 On Fall In First-Time Jobless Claims
Monday, April 5, 2010 - 7:47am | 251Retail stocks rose on April 1 after first-time jobless claims fell last week. Meanwhile, the four-week average plunged to its lowest level since September 2008. By the end of the trading day, the S&P Retail Index gained .4% to 451.61. The top gainer in the retailing sector was Borders Group...