ChangeWave looked at consumer spending habits between February 18 and February 25. They polled 3,773 people on their spending plans going forward. Thirty-nine percent said that they would spend less over the…
Costco Wholesale Corp. (NASDAQ: COST) has posted earnings of $0.74 per share EPS on revenues of $16.62 Billion. First Call had estimates at $0.74 on EPS and $16.85 Billion in revenues. For…
Douglas A. McIntyre Tuesday we’ll get to see earnings out of Wal-Mart Stores Inc. (NYSE: WMT). The estimates from First Call are $1.02 EPS on $106.9 billion in revenues. Next quarter estimates are $0.74 EPS…
These are the new combined holdings (alphabetically A-G) from Warren Buffett’s Berkshire Hathaway (NYSE: BRK-A) for the period ended December 31, 2007: American Express (NYSE: AXP) 151.6 million shares for a value…
CostCo (NASD COST) reported net sales of $5.11 billion for the month of January, the four weeks ended February 3, 2008, an increase of 11 percent from $4.62 billion in the same…
Douglas A. McIntyre On tonight’s MAD MONEY on CNBC, Jim Cramer noted that selling stocks today isn’t a good idea and that this will be good for retail stocks and others too. You have to…
On tonight’s MAD MONEY on CNBC, Jim Cramer said emphatically that the huge drop today followed by the monster rally in the same day is a classic bottoming pattern, although he thinks…
CostCo (COST) moved against the trend of weak consumer retail sales in December. Same-store sales rose 7 percent, boosted by higher U.S. gas prices at home and the weak dollar at its…
Douglas A. McIntyre It makes all of the sense in the world. The stores offering the best discounts are getting most of the traffic this holiday season. But, that may be a mixed blessing. According…
According to Reuters, retailers offering the sharpest discounts got the lion’s share of this year’s holiday customers. CostCo (COST) and Wal-Mart (WMT) made the list. The Wall Street Journal writes that a…
CostCo’s (COST) shares are down 5% in the pre-market after it turned in what appeared to be good numbers. No good enough. Net sales for the first quarter of fiscal 2008 increased…
Douglas A. McIntyre Below is some of the top pre-market news affecting individual shares that 247WallSt.com is reviewing: AMERCO (NASDAQ: UHAL) announce a $50 million share buyback plan. Children’s Place Retail Stores (NASDAQ: PLCE) NOV…
Costco (COST) same-store sales rose 9% in November which was better than analyst estimates of 6.6%. At least one retailer is selling something Douglas A. McIntyre
Douglas A. McIntyre According to Reuters, Nikon is seeing a sharp increase in demand from LCD makers. Reuters writes that the housing slump will last through 2009 and some home prices will drop 30%. Reuters…
There is no crying in baseball or whining in big business. Sears CEO Aylwin Lewis said, regarding the company’s 99% drop in earnings in the last quarter: "We are very disappointed in…
