9:05am (EST) The market got off to a great start on Monday after a better-than-expected rebound in retail sales helped push stocks to yearly highs. Retail sales rose 1.4% in October, nearly double the 0.8% increase forecast by Wall Street. It was a huge rebound from the 2.3% decline in September. EvenRead more
12:45pm (EST) The bulls are pushing the market higher today although Bernanke just took the podium and said “significant economic challenges remain” but that the Fed’s policy will help ensure a stronger dollar. The Dow is currently up 118 points, to 10,387, and we have broken through key resistance levelsRead more
9:10am (EST) Lots of breaking news this morning… Retail sales grew 1.4% in October, after a 1.5% gain in September but came in short of the Street’s estimate. Excluding autos, sales increased 0.2% which was below the 0.4% gain from last month. The New York Federal Reserve’s Empire State manufacturing survey alsoRead more
10:30pm (EST) You could tell the bulls were in a buying mood last week after taking the major indexes over 2% higher. The bulk of the gains came at the beginning of the week after the G-20 meeting said it would keep financial aid flowing until the economic recovery was back on solid ground. The Dow wasRead more
9:15am (EST) Abercrombie & Fitch (ANF, $36.76) is up 5% this morning in pre-market trading after beating Wall Street’s earnings expectations. The company said it earned $39 million, or $0.44 a share, versus $64 million, or $0.72 a share, in the year-ago period. The 40% plunge in third-quarter earnings should haveRead more
12:50pm (EST) Intel (INTC, $19.88, up $0.04) and Advanced Micro Devices (AMD, $6.51, up $1.19) have buried the hatchet after agreeing to end all outstanding legal disputes between the companies, including antitrust litigation and patent cross license disputes. This was certainly a surprise and as you can see, investors thinkRead more
9:15am (EST) Wal-Mart (WMT, $52.97) reported 3Q earnings before the bell that came in better than Wall Street’s expectations. The world’s largest retailer posted a profit of $3.24 billion, or $0.84 a share. Expectations were for 81 cents, so the company beat by 3 cents. For 4Q, Wal-Mart sees earnings coming inRead more
1:00pm (EST) Toll Brothers (TOL, 21.13, up $2.74) is up 15% today after surprising Wall Street with some rather upbeat comments ahead of its earnings. The company said its new contracts are up over 40%, and that it expects 4Q revenue will top the Street’s expectations. Revenue for the company is expected to comeRead more
11:30pm (EST) Current subscribers, we have a NEW TRADE in the Members Area and it is a play on retail. ]]>
