There is an interesting report out of ChangeWave, which shows that higher prices combined with tighter consumer pocketbooks are driving customers significantly. A large-scale movement to discount retailers driven by skyrocketing inflation…
Most large corporations amplify the distrust that the common man has for them by making misstatements from time to time. It is Wal-Mart’s (WMT) turn in the gauntlet of public opinion. The…
Jim Cramer hosted Jim Sinegal, the CEO of Costco Wholesale Corp. (NASDAQ: COST), for a live interview on tonight’s MAD MONEY on CNBC. For starters, Costco Wholesale shares are doing better than…
Douglas A. McIntyre "The current financial crisis is the most serious since the second world war, and perhaps since the Great Depression."–The London Observer, March 23, 2008 Many investors find it hard to believe that…
New data from ChangeWave Research point to a huge drop in spending on consumer electronics. The most recent data was taken from a survey of 4,427 consumers between February 19th and 25th.…
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…
