Retailers have been posting same-store sales figures for February this morning, and most are posting better-than-expected numbers — in some cases, much better than expected. We have reports from 15 companies: Costco…
On January 25, new JCPenney (NYSE: JCP) CEO Ron Johnson, former head of Apple’s (NASDAQ: AAPL) retail operations, unveiled his vision for the retailer’s turnaround. His “Fair and Square” price plans would…
US markets opened higher this morning and traded higher for most of the day. The DJIA briefly rose above 13,000 for the first time in nearly 3 years. But in the early…
Jon OggThis last week was very busy, and Friday’s disappointing trading day skewed many research reports. Each morning we track analyst upgrades and downgrades and over the weekend we review each to…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Monday morning. AeroVironment, Inc. (NASDAQ: AVAV) Raised to Buy at Goldman…
Martha Stewart Living Omnimedia (NYSE: MSO) was sued last week by Macy’s Inc. (NYSE: M) for breach of contract following the homemaking company’s announcement of a new deal to sell Martha Stewart…
Paul Ausick The U.S. indicts Swiss bank Wegelin on tax evasion charges. (Reuters) Fed president Richard Fisher says there is no need for QE3. (Reuters) Panasonic posts a quarterly loss of $2.6 billion. (Reuters)…
Former Apple (NASDAQ: AAPL) retail chief Ron Johnson, hired to achieve a turnaround at JCPenney (NYSE: JCP), is off to a terrible start. The wobbly department store company may not recover for…
Eurozone ministers reject a settlement between private bondholders and Greece. (Reuters) Macy’s (NYSE: M) sues Martha Stewart Omnimedia (NYSE: MSO) over a deal the media company did with JCPenney (NYSE: JCP) that…
2012 may seem like a resurgence of the banking sector is afoot, but what about the resurgence of the U.S. auto industry. The age of the consumer fleet is at a record…
US equities opened strongly this morning and managed to maintain solid gains throughout the day. The in-line earnings report last night from Alcoa Inc. (NYSE: AA) and higher commodity prices — based…
These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Tuesday morning. Apollo Group Inc. (NASDAQ: APOL) Reiterated Buy and raised price…
US retailers are reporting December same-store sales today, and here’s a wrap-up of the results as of about 10 a.m. this morning. Reports were in from Costco Wholesale Corp. (NASDAQ: COST), Target…
J. C. Penney Company, Inc. (NYSE: JCP) is getting hit pretty hard this morning. While current investors will not appreciate the drop, this is actually great news for those investors who wanted…
December same-store sales at Macy’s Inc. (NYSE: M) rose 6.2%, well above the consensus estimate of 5%. But sales for the peak sales season of November and December rose less, just 5.7%.…
Paul Ausick 
