Report from Europe for Friday, Sept. 4
Déjà vu, another up day, another down volume day, with the now almost self fulfilling spike into the close led by yet another AIG (AIG) short squeeze! This dodgy $2 bankrupt stock spiked 5% into the close and continues to lead the Dow around like an
Analyst Picks and Pans: Abercrombie & Fitch, Pentair, Array
Citi Investment Research downgrades to sell from hold
Abercrombie & Fitch is likely to continue to see a weakening in its sales at stores open at least a year, Citi Investment Research analyst Kimberly Greenberger said on Sept. 4 as she downgraded the
Costco (COST) Boosted By Essentials And Food
?Shopping at Costco, food and sundries selling. Costco is the barometer now of how the retailers are faring. Remember, Walmart stopped reporting the monthly sales figures, so with Coscto we look to see what people are buying. They beat expectations and
UBS: Upside for Retailers
In a note to clients today, UBS Securities analyst Roxanne Meyer picks over the results of yesterday?s August retail report, and finds reason for cheer.
The better-than-expected results for same-store sales during the first month of back-to-school
Analyst upgrades, downgrades and initiations: ANF, CAJ, CTCM, MOV, MV, VMED ...
Goldman upgraded CTC Media (NASDAQ: CTCM) to Buy from Neutral on a better outlook for European Media names and raised its target on shares to $17.60 from $12.
Morgan Joseph upgraded Movado (NYSE: MOV) to Buy from Hold after the company reported
Retail Loser: Abercrombie & Fitch
Citi cut the teen retailer's rating to sell from hold, saying it will continue to experience deteriorating same-store sales.
NEW YORK (TheStreet) -- (ANF Quote) is trying hard to fit in, but just can't seem to get it right.
Shares of the
Retail falls more lightly
Shoppers limited their back-to-school purchases and stayed focused on necessities in August, resulting in the 12th straight month of declining sales for retailers. But there were signs the holiday season could be less dismal than feared.
Despite the
Shoppers slowly 'easing their grip'
Retail watchers are cautiously optimistic that the country's spending recession could be starting to end, after better-than-expected August sales results for the nation's chain stores.
Sales at stores open at least a year fell 2 percent in August,
Retail Stocks: Retail stocks fall amid record-high unemployment
NEW YORK (MarketWatch) - Retail stocks fell Friday as the U.S. unemployment rate jumped to a 26-year high of 9.7% in August as nonfarm payrolls posted the 20th straight monthly decline.
The payrolls fell by 216,000, the smallest drop since August 2008.
Twelve straight months of retail sales declines
The silver lining, though, is that the coming holiday season might not be as bad as many thought.
Some retailers actually showed gains. TJMaxx (NYSE: TJX) and Old Navy, a Gap (NYSE: GPS) company, for example, saw year-over-year sales increases, though
