Barnes & Noble Results Mixed
Barnes & Noble Inc. (NYSE: BKS) reported fiscal second-quarter 2013 results before markets opened this morning. The bookstore chain reported a diluted earnings per share (EPS) loss of $0.04 on revenues of $1.88 billion.…
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Paul Ausick
Kroger Shines in Q3, Raises Outlook
The Kroger Co. (NYSE: KR) reported third-quarter 2012 results before markets opened this morning. The grocery chain reported adjusted diluted earnings per share (EPS) of $0.46 on revenues of $21.8 billion. In the same…
Same-Store Sales Hit by Hurricane Sandy (COST, WTSLA, LTD, TGT, BKE, SMRT, M, GPS)
Several retailers are announcing November same-store sales today, and the reports are generally good. Research firm Retail Metrics projects an overall gain of 3.5% for the month, excluding the impact of drug store sales.…
Tiffany Misses Estimates, Cuts Outlook
Tiffany & Co. (NYSE: TIF) reported third-quarter 2012 results before markets opened this morning. The luxury goods company reported a diluted earnings per share (EPS) of $0.49 on revenues of $853 million. In the…
24/7 Wall St. Closing Bell — November 28, 2012: Markets Open Lower, Close Higher (LNKD, CAG, CHKP, GLW, UNH, ADI, GMCR, PVH, AEO, ANN, EXPR, TFM, JASO, MOV, LEDS, ARO, GES, TIVO, WDAY, BKS, KR, RY, TIF, KCG, GMCR, TFM)
U.S. equity markets opened lower again this morning following Senator Harry Reid’s comments that negotiations on the U.S. fiscal cliff were not going well. In Asia, markets reacted badly to the report and to…
Cyber Monday Online Retail Traffic Up 11% — Experian
ThinkstockThe top 500 U.S. Internet retail sites received 208.6 million total visits on Cyber Monday according to research firm Experian. That’s a jump of 11% over last year’s online shopping total. The five most…
Pandora Takes Its Case to Congress
In a subcommittee hearing today at the U.S. House of Representatives, Joe Kennedy, CEO of Pandora Media Inc. (NYSE: P) will testify in support of the Internet Radio Fairness Act, which has been introduced…
Knight Capital: Let the Bidding Begin (KCD, JEF, AMTD, SF, BX)
thinkstockEver since that day in August when Knight Capital Group Inc. (NYSE: KCG) got slammed with a $460 million loss due to a nasty trading program error, investors have been waiting for the bids…
November New Car Sales Forecast Tops 15 Million (GM, F, TM, HMC)
courtesy of General MotorsIn 2011, new car and light truck sales in the U.S. came in at about 13 million units sold. According to TrueCar.com, forecast sales for November put new light vehicle sales…
Cyber Monday Online Spending at Record High
ThinkstockDepending on which projection you believe, online spending was either a big success or a moderate flop. Adobe Systems Inc. (NASDAQ: ADBE) had predicted a Cyber Monday total of $2 billion, while comScore Inc.…
Crude Supply Down Slightly, Gasoline Inventory Soars
ThinkstockThe US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories declined by 300,000 barrels last week, bringing the total US commercial crude inventory to 374.1 million…
New Home Sales, Prices Take Unexpected Dip
ThinkstockThe U.S. Census Bureau this morning released data on new single-family home sales for October. Sales fell 0.3% month-over-month, to a seasonally adjusted annual rate of 368,000. Economists had been expecting a seasonally adjusted…
American Eagle Jumping on Earnings Beat, Raised Guidance
thinkstockAmerican Eagle Outfitters Inc. (NYSE: AEO) reported third-quarter 2012 results before markets opened this morning. The specialty clothing retailer reported adjusted diluted earnings per share (EPS) of $0.39 and revenues of $910 million. In…
U.S. EPA Suspends New Contracts for BP
courtesy of BP plcThe U.S. Environmental Protection Agency (EPA) this morning announced that it has temporarily suspended BP PLC (NYSE: BP) and its affiliated companies from new contracts with the federal government. The suspension…
JA Solar’s Results Bad but Not Awful
ThinkstockJA Solar Holdings Co. Ltd. (NASDAQ: JASO) reported third-quarter 2012 results before markets opened this morning. The China-based solar panel maker reported a net loss per American depositary share (ADS) of $0.30 on revenues…
Refiners Still in Focus for Shorts (BHI, BP, CHK, CVX, COP, EPD, XOM, KMI, NOV, PSX, SLB, RIG, VLO)
ThinkstockWe have tracked the key short interest changes as of November 15 in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI), BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE: CHK), Chevron…
Shorting Solar Stocks No Longer the National Pastime (CSIQ, FSLR, GTAT, WFR, SPWR, JASO, LDK, STP, TSL, YGE)
flickr / walmartcorporateWe have tracked the short interest in the following North American Solar companies as of November 15: Canadian Solar Inc. (NASDAQ: CSIQ), First Solar Inc. (NASDAQ: FSLR), GT Advanced Technologies Inc. (NASDAQ:…
Holiday, Shopping Pressure Mortgage Applications
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a decline of 0.9% in the group’s seasonally adjusted composite index compared with last week’s drop of 2.2%. The…
Mobile Chip Makers Dodge Shorts (INTC, AMD, QCOM, ARMH, MU, SNDK, BRCM, MRVL, NVDA, TXN, AMAT, SMH)
ThinkstockWe have tracked the key short interest changes as of November 15 in the following semiconductor leaders: Intel Corp. (NASDAQ: INTC), Advanced Micro Devices Inc. (NYSE: AMD), Micron Technology Inc. (NASDAQ: MU), SanDisk Corp.…
24/7 Wall St. Closing Bell — November 27, 2012: Markets Falter Again (SHOO, BRCD, YELP, NOV, CVC, ADT, ADI, GMCR, PVH, AEO, ANN, EXPR, TFM, JASO, MOV, LEDS, RAH, CAG, ACAD, MMR)
U.S. equity markets opened lower again this morning, even following an agreement on the amount and delivery date of another eurozone bailout package for Greece (more coverage here). The lack of enthusiasm may have…