People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s on Thursday again slashed its financial forecast for the year, saying that its middle-income customers have been particularly pressured by higher inflation, putting a damper on sales of apparel, shoes and other discretionary items. …
CNBC’s Jim Cramer on Wednesday offered a list of off-price retailer stocks investors should have on their radar. “There’s an inventory glut in the traditional retailers and the big chains are desperate to get rid of this stuff so they can bring in new product,” the “Mad Money” host said. “The off-price chains are the …
US stock indexes fell back from recent highs Wednesday as bulls held their fire ahead of the release of the minutes of the Federal Reserve’s last policy meeting later in the session while digesting July retail sales data. How are stocks trading The Dow Jones Industrial Average DJIA fell 204 points, or 0.6%, to 33,948. …
Dow slides 200 points as stocks pull back from nearly 4-month highs ahead of Fed minutes Read More »
A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York, August 3, 2022. Andrew Kelly | Reuters Here are the most important news items that investors need to start their trading day: 1. Stock futures fall Stocks appeared in for a rough Wednesday morning a day after the …
5 things to know before the stock market opens Wednesday, August 17 Read More »
A sign outside of a Target department store on June 07, 2022 in Miami, Florida. Target announced that it expects profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory. Joe Raedle | Getty Images Target on Wednesday said its quarterly …
Target (TGT) Q2 2022 earnings: Profit falls nearly 90% Read More »
Check out the companies making headlines before the bell: Home Depot (HD) – Home Depot reported a quarterly profit of $5.05 per share, 11 cents above estimates, with revenue and comparable store sales also topping Street forecasts. However, the number of customer transactions fell during the quarter. Home Depot moved between gains and losses in …
Traders work on the floor of the New York Stock Exchange (NYSE), August 15, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Soft morning for stocks US equities markets looked headed for a tepid opening Tuesday morning after all three major indexes …
5 things to know before the stock market opens Tuesday, August 16 Read More »
CNBC’s Jim Cramer on Monday said that this week’s economic data releases and retailer earnings reports will give important insights into the state of the American consumer and, in turn, inflation. “This week is a referendum on the consumer,” he said. The “Mad Money” host said he’s watching for the release of the Federal Reserve’s …
Retail giants report with all eyes on the consumer Read More »
Traders on the floor of the NYSE, Aug. 11, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Bad start for stocks Stock futures fell Monday morning, indicating a soft opening to a crucial week for investors seeking clues about the state of the economy. …
5 things to know before the stock market opens Monday, August 15 Read More »
The earnings season is winding down, but there are still some big names set to report. More than 90% of S & P 500 companies have already reported earnings, with 78% of those names posting better-than-expected profits, according to Refinitiv. Those results have put overall S & P 500 earnings on pace to have grown …
The investing game plan as retail giants Walmart and Target wrap up the season Read More »