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Market Wrap For June 5: Markets Positive Before Friday's Employment Report
Thursday, June 5, 2014 - 4:35pm | 2244U.S. stocks were positive after the European Central Bank implemented steps to fight disinflation, including negative interest rates. On the home-front, initial jobless claims rose last week but that didn't stand in the way of the S&P 500 and Dow Jones indices trading at historical all-...
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Market Wrap For April 11: Markets Pick Up Exactly Where They Left Off
Friday, April 11, 2014 - 4:49pm | 2266U.S. stocks declined sharply for the second day in a row as investors found little reason to reverse Thursday's bullish activity. Right off the bat, JPMorgan reported disappointing quarterly results which led to a decline in the S&P 500 index. The Volatility Index, also known as the "fear...
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Market Wrap For April 10: Wednesday's Rally Completely Forgotten
Thursday, April 10, 2014 - 4:33pm | 2616U.S. stocks tumbled as investors and traders showed no intention of allowing Wednesday's bull charge to continue. The Nasdaq index continues to under-perform and notched its worst one day performance since 2011. The decline in the Nasdaq index continues to be fueled by biotech and momentum...
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Earnings Expectations For The Week Of April 7: New Season Kicks Off
Sunday, April 6, 2014 - 6:05pm | 787This week brings the first-quarter report from Alcoa (NYSE: AA), the traditional kickoff of a new earnings season. But its relevance may be diminishing, now that the company is no longer part of the Dow Jones Industrial Average. With the end-of-the-week earnings reports from J.P. Morgan (NYSE: JPM...
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Market Wrap For April 3: Markets Winning Streak Fails To Extend To Five Days
Thursday, April 3, 2014 - 5:50pm | 2205U.S. stocks were unable to post its fifth consecutive day of gains as the weekly jobless claims figure gained more than expected. Investors and traders were likely sitting on the sideline, waiting for Friday's monthly government jobs. Economists are expecting a gain of 197,000 new jobs in March...
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Earnings Expectations For The Week Of March 31: Micron Technologies, Monsanto And More
Monday, March 31, 2014 - 6:50am | 771Earnings highlights this week include reports from Micron Technology (NASDAQ: MU) and Monsanto (NYSE: MON). Apollo Education (NASDAQ: APOL) and CarMax (NYSE: KMX) are also scheduled to take their turns in the earnings spotlight this week. Below is a quick look at what analysts expect from these...
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Walgreen Earnings Preview: In Need Of A Booster Shot?
Sunday, March 23, 2014 - 11:00am | 760Walgreen (NYSE: WAG), which has already announced strong same-store sales growth for February despite the inclement weather, is scheduled to share its second-quarter fiscal 2014 results Tuesday, March 25, before the opening bell. Shares were cut to Sell by one analyst last week. Investors will...
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Retailers And Weather: Who Survived The Brutal Start To 2014?
Wednesday, March 12, 2014 - 3:30pm | 1104The Johnson Redbook Retail Sales Index on March 4 concluded that national chain-store sales fell 1.3 percent in February from the comparable period in January. The 1.3 percent decrease was steeper than the one percent decline analysts were expecting. The index also showed that seasonally adjusted...
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Short Sellers Pick Up Some Avon And Rite Aid (AVP, RAD, SVU)
Saturday, March 1, 2014 - 2:19pm | 803Among the struggling U.S.-based retailers, Avon Products (NYSE: AVP), Rite Aid (NYSE: RAD) and SUPERVALU (NYSE: SVU) saw significant swings in short interest between the January 31 and February 14 settlement dates. Tuesday Morning and HHGregg also saw a double-digit increase in the number of...
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Market Wrap For February 18: Dow Finishes Lower, Nasdaq Still Hot
Tuesday, February 18, 2014 - 5:47pm | 3229U.S. stocks traded mostly higher today despite a key measure of home builder confidence falling in February. The New York Fed's general business index also showed signs of vulnerability. Despite the weak economic data which is partially due to weather, the Nasdaq index rose for the eight...
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Short Sellers Pick Up Some Avon And GameStop (AVP, GME, ODP)
Thursday, February 13, 2014 - 1:49pm | 846In the final two weeks of January, when it had become clear how the holiday shopping season had shaken out and the markets seemed to be undergoing a correction, Avon Products (NYSE: AVP),GameStop (NYSE: GME) and Office Depot (NYSE: ODP) saw significant upswings in short interest. Other struggling...
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Market Wrap For January 8: Fed Minutes Released
Wednesday, January 8, 2014 - 5:39pm | 2250Major indices finished Wednesday's trading session relatively flat as the Fed's minutes released had no impact on the markets. Minutes released from the Federal Reserve's latest meeting re-affirmed that many members on the committee wanted to proceed with caution in trimming the $85 billion...
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Short Sellers Place Their Holiday Retail Bets (AVP, BBY, GME)
Saturday, December 28, 2013 - 3:45pm | 833In the first two weeks of December, the heart of the holiday shopping season, Avon Products (NYSE: AVP), Best Buy (NYSE: BBY) and GameStop (NYSE: GME) saw the largest swings in short interest among struggling U.S. retailers. Others that saw the number of their shares sold short swell somewhat...
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Market Wrap For December 18: Markets Flat During Day One Post Fed Taper
Thursday, December 19, 2013 - 5:47pm | 2272Major indices barely budged Thursday following yesterday's monster rally after the Fed announced it will begin tapering. Overall volume was below average which is typical in the final trading days of the year. Next week will be shortened as investors break for Christmas and a week later for new...
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Walgreen Earnings Preview: Strong EPS Growth Expected
Thursday, December 19, 2013 - 8:24am | 760Walgreen (NYSE: WAG), which has already announced that sales for the period were strong due to increased investment in promotional strategies, is scheduled to share its first-quarter fiscal 2014 results Friday, December 20, before the opening bell. Investors will be looking for details on sales...