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Market Wrap For May 9: Markets Marginally Higher, But Nasdaq Still Suffers
Friday, May 9, 2014 - 4:36pm | 1982U.S. stocks struggled to stay in positive territory as earnings continue to come in mixed and investors and traders still showing a "risk-on" approach. The Dow closed at new record highs as the S&P 500 struggled to stay in positive territory for most of the day. The Nasdaq saw a strong end...
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Market Wrap For April 3: Markets Winning Streak Fails To Extend To Five Days
Thursday, April 3, 2014 - 5:50pm | 2205U.S. stocks were unable to post its fifth consecutive day of gains as the weekly jobless claims figure gained more than expected. Investors and traders were likely sitting on the sideline, waiting for Friday's monthly government jobs. Economists are expecting a gain of 197,000 new jobs in March...
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Short Sellers Pick Up Some Avon And Rite Aid (AVP, RAD, SVU)
Saturday, March 1, 2014 - 2:19pm | 803Among the struggling U.S.-based retailers, Avon Products (NYSE: AVP), Rite Aid (NYSE: RAD) and SUPERVALU (NYSE: SVU) saw significant swings in short interest between the January 31 and February 14 settlement dates. Tuesday Morning and HHGregg also saw a double-digit increase in the number of...
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Market Wrap For February 26: Markets Slightly Higher On Housing Data
Wednesday, February 26, 2014 - 5:49pm | 2763U.S. stocks ended the day in positive territory following a volatility trading session in which the Nasdaq index hit a 14 year high and the S&P 500 index was pushed back in to record territory. Investors found housing data to be encouraging news as the three major indices finished the day...
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Earnings Expectations For The Week Of February 24: Best Buy, Home Depot & More
Monday, February 24, 2014 - 8:19am | 1002Last week, Wal-Mart (NYSE: WMT) kicked off the parade of big retailers stepping into the earnings spotlight by offering up subpar same-store sales and weak guidance for the year. Inclement weather got some of the blame. Will that be so for Best Buy (NYSE: BBY), Gap (NYSE: GPS), Home Depot (NYSE...
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Market Wrap For February 21: Markets End The Week On A Negative Note
Friday, February 21, 2014 - 5:48pm | 2876U.S. stocks finished the week slightly lower as investors gave today's poor housing data a slack, and blame it on the weather. “Investors are willing to cut the market some slack because of the weather; I'm keeping my fingers crossed that the economy heats up as the weather warms up,” Jack...
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G Asset Management Proposes Acquisition Offer To Barnes & Noble
Friday, February 21, 2014 - 2:58pm | 243G Asset Management, a private investment management firm announced on Thursday night that it has approached Barnes & Noble (NYSE: BKS) and presented an offer to acquire 51 percent of the company at $22 per share. G Asset Management has previously made its views clear that Barnes & Noble is...
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Short Sellers Pick Up Some Avon And GameStop (AVP, GME, ODP)
Thursday, February 13, 2014 - 1:49pm | 846In the final two weeks of January, when it had become clear how the holiday shopping season had shaken out and the markets seemed to be undergoing a correction, Avon Products (NYSE: AVP),GameStop (NYSE: GME) and Office Depot (NYSE: ODP) saw significant upswings in short interest. Other struggling...
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Market Wrap For January 9: All Eyes on Tomorrow's Job Report
Thursday, January 9, 2014 - 5:43pm | 2416Markets were relatively calm during Thursday's trading session as investors anticipate Friday's jobs report. The December employment report is expected to show about 200,000 payroll jobs representing a steady growth and a clear sign that labor market and economy are both strong. Related:...
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Short Sellers Place Their Holiday Retail Bets (AVP, BBY, GME)
Saturday, December 28, 2013 - 3:45pm | 833In the first two weeks of December, the heart of the holiday shopping season, Avon Products (NYSE: AVP), Best Buy (NYSE: BBY) and GameStop (NYSE: GME) saw the largest swings in short interest among struggling U.S. retailers. Others that saw the number of their shares sold short swell somewhat...
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Short Interest In Best Buy Rises Again (AVP, BBY, GME)
Friday, December 13, 2013 - 1:19pm | 844In the lead up to Black Friday and the rest of the holiday shopping season, Avon Products (NYSE: AVP), Best Buy (NYSE: BBY) and GameStop (NYSE: GME) saw the largest swings in short interest among the struggling U.S. retailers. Others that saw the number of their shares sold short swell somewhat...
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Market Wrap For December 6: Investors and Traders Cheer Today's Economic Data
Friday, December 6, 2013 - 5:52pm | 1657Investors had been anxiously and nervously waiting for today's job reports which could have sent major indices moving sharply in either direction. The November Nonfarm Payroll increased 203K, above consensus of 180K and above the previous reading of 200K. The Unemployment rate rang in at 7.0...
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Market Wrap For November 26: Nasdaq Closes Above 4,000 For First Time Since 2000
Tuesday, November 26, 2013 - 5:44pm | 1627Investors and traders certainly had their plates full Tuesday with a plethora of data releases sending the Dow to new record highs and the Nasdaq index closing above 4,000 after briefly breaching the mark on Monday. The markets gave back modest gains towards the end of the trading session and...
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Earnings Expectations For The Week Of November 25: Hewlett-Packard, Tiffany And More
Sunday, November 24, 2013 - 12:34pm | 974Quarterly reports from Hewlett-Packard (NYSE: HPQ) and Tiffany (NYSE: TIF) will be among the highlights on the earnings front this holiday-shortened week. A handful of other retailers and a couple of Chinese solar companies are scheduled to report as well. Below is a quick look at what analysts...
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Short Sellers Yield On Best Buy (BBY, RSH, SHLD)
Wednesday, November 13, 2013 - 4:20pm | 1003Judging by the share price, one would think Best Buy (NYSE: BBY) had turned itself around, though analysts' expectations for the most recent quarter are still very modest. Best Buy has been hitting new highs since August, and it looks like short sellers decided to get out of the way. Other...