Short sellers moved out of tech stocks in large volumes at mid-month. Based on short interest figures as of August 14, shares short in Intel (INTC) fell 33% to 88.3 million. The…
Costco’s (COST) same-store sales fell 7% last month. The firm was lucky. Abercrombie & Fitch’s (ANF) numbers were down 38%. Saks (SKS) plunged by 16.3% and Neiman Marcus fell 27.3%. July was…
Costco’s (COST) same-store sales fell 7% last month. The firm was lucky. Abercrombie & Fitch’s (ANF) numbers were down 38%. Saks (SKS) plunged by 16.3% and Neiman Marcus fell 27.3%. July was…
Reuters:Â Â A plan for universal healthcare in China could cut the savings rate. Reuters:Â Â Bank regulators are opposing the Obama shake-up of the system. Reuters:Â Â Bank of America (BAC) settled SEC charges…
Over the past week, the 24/7 Wall St./The Channel Checkers poll surveyed various Macy (M) stores to track sales and business levels in July. We asked the following questions: 1. How is business this year? 2. Do…
Douglas A. McIntyre Reuters: The US faces a long period of economic stagnation. Reuters:Â Â Obama will release plans for a financial market overhaul. Reuters:Â Â The White House will not help California fix its deficit. Reuters:Â Â …
Reuters  Obama hopes to have healthcare bill by July Reuters  Documents on Paulson’s meetings with banks forcing them to take TARP have been released Reuters  Banks sued MBIA (MBI) over its $5 billion…
Reuters : Intel (INTC) said its results are running better than expected. Reuters :Â The government is looking at a pay overhaul in the financial sector. Reuters: Economic woes are hurting the…
These are most of the top early bird pre-market downgrades and negative research calls we have seen from Wall Street analysts this Wednesday morning: Arbitron (ARB) Cut to Neutral at JPMorgan. Deutsche…
Standard & Poor’s downgraded the ratings on Dillard’s (NYSE: DDS), J.C. Penney (NYSE: JCP), Macy’s (NYSE: M), Neiman Marcus (private) and Nordstrom (NYSE: JWN). Standard & Poor’s credit analyst Diane Shand said,…
Now that final numbers from 2008 have been filed for most large US companies, 24/7 Wall St. is picking several stocks that are likely to double off of their lows, almost all…
This week 24/7 Wall St. is picking several stocks from major sectors that are likely to double off of their lows we have recently seen. Today, let’s discuss the retail sector.  We…
Layoffs at big companies are so common now that it is novel when a day goes by without Microsoft (MSFT), Caterpillar (CAT), or Macy’s (MC) letting thousands of people go. There are…
Retail sales for January were better than expected, up 1%. Surprising news often leaves people addled. They look for some reason that the facts are different than were expected and often head…
A look at the companies which announced layoffs in December and January demonstrates that almost no industry is immune from job losses due to this contracting economy. Tech companies such as Microsoft…
