U.S. stocks were once again in the red after a choppy morning Tuesday after a sales warning from Under Armour (UA) dragged down other apparel stocks. Calvin Klein parent PVH Corp (PVH) , Ralph Lauren (RL) and Hanesbrands (HBI) followed Under Armour lower. Visa (V) moved lower despite a jump in quarterly profit driven by an increase in credit card spending. Growth was also partly attributed to its purchase of Visa Europe. Caterpillar (CAT) has warned that soft sales could continue next year. The manufacturing equipment company said it expects little growth over fiscal 2017 after a challenging 2016. Consumer confidence fell back in October, though remained at a level indicative of healthy spending. Confidence in current conditions and expectations both mellowed. Analysts expect the end of the election season to boost sentiment in coming months.
More from Video
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.
Takeda Pharmaceutical CEO Talks Big Pharma Trends
One of pharma's biggest CEO's talks M&A action on the exchange.
Real Money Video Wrap: Citi Surges as View of Stability Saves Sentiment
Citi overcame a mixed print to send its stock surging on Monday.
Real Money Video Wrap: Apple Rallies as Services Segment Takes Center Stage
There is a lot of Apple news to chew on Wednesday.
Are Algos Jumping on J&J Headlines?
Are machines jumping on Johnson & Johnson's human risk headlines?
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.