Several retailers are announcing August same-store sales today, and the reports are generally good. The good results are pushing share prices close to or above current highs. Here’s a rundown: Macy’s Inc.…
Jon OggThese are the top analyst calls of upgrades, downgrades and initiations we have seen from Wall St. research calls this Tuesday morning. ABB Ltd. (NYSE: ABB) cut to Sell at Deutsche…
Bank of America/Merrill Lynch is making some changes to one of its key lists called the Most Attractive Buy List. The basis for the change is a key bottom or big base…
The three major US stock indexes opened higher this morning after the news that German chancellor Angela Merkel said Germany would support European Central Bank sovereign bond buying. Unfortunately she doesn’t have…
Some members of the Fed believe there is no need for QE3 and interest rates may be set higher by the central bank before 2014. (Reuters) Facebook Inc. (NASDAQ: FB) shares drop…
Jon OggGap Inc. (NYSE: GPS) reported second quarter EPS of $0.49 and $3.58 billion in sales after markets closed today. In the same period a year ago, the clothing retailer reported EPS…
Paul Ausick Gap Inc. (NYSE: GPS) is out with its second quarter earnings report. The apparel retailer reported earnings of $243 million or $0.49 per share as sales increased by 6 percent to $3.58…
Jon C. Ogg The three major US stock indexes opened somewhat higher this morning following better-than-expected data on UK retail sales and an inline reading on Eurozone CPI (more coverage here). The news out of…
Many retailers are out today with July same-store sales results, and the month’s gains appear to be better than first expected. The Thomson Reuters consensus estimate for sales growth was 3.1%, but…
Retail sales growth in June were expected to be weak compared with sales a year ago, and the predictions came true. Sales growth last June was a tough comparison because sales in…
24/7 Wall St. loves companies which send capital back to shareholders via dividends. With all of the uncertainty in today’s markets and in the fluctuating economy, having a solid dividend policy may…
RadioShack (NYSE: RSH), at 90 years old, operates in over 7,200 locations. Even with those advantages, the company might as well fold. The company stands as a fine example of how better-run…
Retailers are reporting May same-store sales today and it looks like the predictions for modest growth are being realized. Research firm Retail Metrics Inc. forecast that same-store sales would grow by just…
Retailers have fared better than many other sectors over the past year, with the majority of share prices having risen although price to book values remain negative. Thus, either the sector is…
With 80% of the 120 companies it tracks having reported first quarter 2012 results, research firm Retail Metrics says that retailers who beat earnings estimates are up 5% year-over-year for the period,…
