-
NRF Predicts 3.7% Increase In Holiday Sales This Year, Significantly Higher Than 10-Year Average
Thursday, October 8, 2015 - 10:52am | 476Read More...The National Retail Federation (NRF) is projecting holiday sales will increase 3.7 percent from a year ago. Shares of the Retail ETF, SPDR S&P Retail (ETF) (NYSE: XRT) gained more than 1 percent Thursday morning while the SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.2 percent...
-
Spending On Vices, Dining Out Appears To Be Slowing
Thursday, September 24, 2015 - 2:26pm | 925Read More...Family Playtime Means Less Vice Time August summer vacations leave little money and opportunity to vice (yup, it’s a verb). Additionally, even more travel means even less vicing. Americans have become more focused on vacations, to the detriment of other forms of consumer spending. In...
-
TD Ameritrade Strategist: Will Nordstrom's Q4 Print Reflect Consumers 'Moving Up' In Quality?
Thursday, February 19, 2015 - 12:15pm | 247Read More...Nordstrom, Inc. (NYSE: JWN) is scheduled to report its fourth-quarter results on Thursday after market close. Analysts are projecting the high-end fashion retailer to earn $1.35 per share on revenue of $4.01 billion. Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said that...
-
Savings At The Pump Not Enough To Loosen Consumers' Purse Strings
Friday, February 13, 2015 - 3:33pm | 369Read More...U.S. retail sales figures out on Thursday showed that lower gas prices weren’t enough to prompt U.S. shoppers to spend more. Sales fell 0.8 percent in January, a near repeat of December’s 0.9 percent decline. While gas prices accounted for much of the 0.8 percent loss, spending...
-
7 Market-Moving Stories You Might've Missed Last Week
Sunday, January 18, 2015 - 2:09pm | 510Read More...1. Swiss franc rises 14 percent: On Thursday, the Swiss Franc appreciated considerably after Switzerland's central bank said it would allow its currency to float, rather than maintain a minimum exchange rate. Following the move, shares of currency brokers fell sharply on Friday, with FXCM Inc...
-
How LikeFolio Predicted Good News For Bebe Stores
Friday, January 16, 2015 - 12:18pm | 576Read More...Andy Swan is a three-time financial technology entrepreneur. He co-founded his most recent company LikeFolio in 2013 with his brother. LikeFolio finds trends in publicly-traded companies by analyzing social media and helps investors find companies they want to invest in by highlighting which...
-
Deutsche Bank Offers 13 Retail Predictions For 2015
Thursday, January 8, 2015 - 11:20am | 411Read More...Mike Baker of Deutsche Bank released a list of 13 predictions concerning the Retail sector. The predictions are: Retail will outperform the market in 2015 after underperforming in 2014. Retail sales growth will accelerate, helped by lower energy costs. Gross margins have peaked, but...
-
Redbook And ICSC-Goldman Offer Glimpse Into Retail Spending For December
Tuesday, December 30, 2014 - 11:03am | 99Read More...Redbook Chain Store Sales announced Tuesday indicated a 5.4 percent year-over-year growth, slightly higher than last week's 5.3 percent improvement. At the same time, Redbook reported same-store sales during the first four weeks of December rose 4.7 percent from the same period a year ago, but were...
-
TD Ameritrade Chief Strategist JJ Kinahan On The Economy In 2015: 'We Can Go Higher'
Thursday, December 11, 2014 - 7:04pm | 118Read More...Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said that there are are three things that would bode well for the U.S. economy in 2015. He said the U.S. is in a good spot with retail and employment numbers. "Now, if we get that third magic leg of housing, we’re in a...
-
Another Quiet Day As Major Indices Little Changed To Close The Week
Friday, November 14, 2014 - 6:07pm | 770Read More...U.S. stocks were little changed yet again in Friday's action with no catalysts appearing to push stocks in any one direction. Retail sales rose more than expected in October, according to economic data released. A separate economic report showed import prices declining in September due to a...
-
Early November Retail Sales Mixed Ahead Of Earnings
Tuesday, November 11, 2014 - 4:34pm | 224Read More...For the first week in November, same-store sales across the United States fell 1 percent when compared to the same week in October but were 3.8 percent higher than the same week a year ago, according to data from Tuesday's Redbook. On the other hand, Tuesday's ICSC-Goldman data showed U...
-
An Economist's Perspective On Ebola Outbreak
Friday, October 17, 2014 - 11:48am | 422Read More...Neil Dutta is the head of U.S. economics for Renaissance Macro Research, and he said that even though the risk of an outbreak in the United States is low, there will still be a lot of headlines about it in the near future. He recently joining Benzinga’s #PreMarket Prep to share thoughts...
-
Markets Rebound After Getting Crushed Intraday, Still Close Lower
Wednesday, October 15, 2014 - 4:57pm | 2525Read More...U.S. stocks tumbled further on Wednesday and recovered significantly from intraday lows in a day of heavily volatility. The Dow traded lower by more than 450 points, dipping below 16,000 levels the index hasn't seen since February. The index recovered most of the losses but still closed the...
-
S&P 500, Homebuilders And Gold ETFs To Watch This Week
Monday, October 13, 2014 - 9:07am | 520Read More...Investors continue to question where the bottom of this most recent dip in stocks will materialize. The markets closed on Friday near the same levels that led to a bounce in early August, however, many fear that a deeper correction may be in the works. The week ahead features the release of...
-
Dow Suffers Worst One-Day Performance In 2014, Volatility Returns To The Markets
Thursday, October 9, 2014 - 4:55pm | 2188Read More...U.S. stocks plunged with the Dow, shedding more than 300 points, suffering the worst single day performance of the year. Despite the 300-plus point loss, both the S&P 500 and Nasdaq saw higher losses on a percentage basis as the CBOE Volatility Index surged over 24 percent to 18.76....











