|Day Low/High||116.96 / 121.22|
|52 Wk Low/High||84.75 / 118.23|
"It's not the news that counts -- it's how the stock market reacts to the news that counts." -- Richard Russell (hat tip to Sir Jeff Saut for the source of the quote) The above quote filled my head most of the day (General Motors , Ford , Caterpilla...
Retail is a conspicuous loser this morning after bad misses at Masco , Sherwin-Williams , Whirlpool and by several restaurant chains. In the retail space, Home Depot is down $3 and Lowe's down $2, with Macy's and Nordstrom also lower. My only consum...
"And when I see the sign that points one way The lot we used to pass by every day Just walk away Renee You won't see me follow you back home The empty sidewalks on my block are not the same You're not to blame." -- Left Banke, Walk Away Renee Renee ...
The REIT could find out very quickly that being shackled to a troubled Sears is not without serious downside.
These are some head-scratching (i.e., not good) August retail numbers.
All I can say is, this group needs to snap out of its funk, or the stocks will just get worse.
The housing sector is marching on, pulling the economy along.
Lowe's, Graco, Cognizant and Sally Beauty could be winners this fall after seeing some volatility this summer.
The retailer's business structure is changing for the worse -- and it's being ignored.
You're getting it at a lower price than it deserves.
If you work for a living, why do you kill yourself working? -- Tuco the Ugly, The Good, The Bad and The Ugly Today is another day of modest price changes (with a few exceptions). Let's run down the good, the bad and the ugly in today's market so far...
"May God bless and keep you always. May your wishes all come true. May you always do for others And let others do for you. May you build a ladder to the stars And climb on every rung. May you stay forever young. Forever young. Forever young. May you...
Shares of Lowe's Cos. were dropping during the trading session Wednesday after its latest quarterly results missed Wall Street's expectations.
The sudden dearth of momentum will give us some good opportunities, but watch accounts closely.
Stocks fell further from record highs as quarterly disappointments from Target TGT and Lowe's LOW brought down the cyclical consumer sector.
"Peak Autos" have become more evident recently, as have recent shortfalls in many retailers' top lines, culminating in this morning's sales miss from Lowe's and second-half guidedown from Target . U.S. consumer spending's vaunted strength appears to...
U.S. stocks turned mixed Wednesday as investors awaited the minutes of the Federal Reserve's July meeting.
I expect retail stocks to fall today given the disappointing quarterly earnings and/or forward guidance this morning from Lowe's and Target . I'll be buying J.C. Penney on any weakness, and I remain short on Foot Locker , Nordstrom and Starbucks .
Lowe's slashes its full-year outlook while Cisco is reportedly laying off thousands of employees.
On Wednesday, August 17, Target releases quarterly earnings, while the Federal Reserve unveils the minutes of its July policy meeting.
Retail earnings and Federal Reserve speakers will be in focus for the week of August, 15.
But perhaps the economy is a bit like the Washington gridlock.
I had a hectic day and a hectic week! All over the place, literally. On investment process, I'm keeping it real. Beware of taking heads who have high conviction in their commodities price forecasts. A breakdown in the price of crude oil, Equity Res...