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Panic that inflation is cutting deep into corporate profits sparked a wave of Wall Street selling on Wednesday. With consumer stocks leading the retreat, the Dow Jones Industrial Average tumbled almost 1,200 points, marking the ninth largest single-day point drop in history. Meanwhile, the S&...
DoorDash is now lapping tough pandemic comparables with growth decelerating rapidly from the triple-digit level just several quarters back. The company is moving beyond delivering just food which substantially increases its growth runway. Net cash makes up more than 16% of the mar...
Investors and experts increasingly fear a recession is likely in the next year. Ten major headwinds have emerged, making economic growth more difficult going forward. In addition to inflation and rising interest rates, there is another large headwind not being discussed but every ...
However American consumers may feel, retail sales continue to climb. The Census Bureau’s latest data show solid gains outside of the virtual shopping malls, too. Headline sales (seasonally adjusted) rose much more than expected in April 2022, increasing 0.9% from March’s...
The bears once again took control of Wall Street in Wednesday's early action, with technology and consumer stocks among the main leaders of the decline. As a result, exchange traded funds tied to the Nasdaq added to the losses they have posted so far this year. The Nasdaq Composite (COM...
Retail sales jumped 0.9% in April from March, after having jumped 1.4% in March from February, to $678 billion, and were up 8.2% from a year ago, seasonally adjusted, the Commerce Department reported on Tuesday. Raging inflation has outpaced the income growth of many Americans, and th...
In real terms, total retail sales were up 0.6 percent following a 0.2 percent increase in March and are now showing stronger upward trends. Nonstore retailers and automotive retailers followed with 2.2 percent increases, while food services and drinking establishments (restaurants) ha...
Exchange traded funds related to the retail sector generally saw gains in Tuesday's early trading, as investors focused on better-than-expected monthly retail sales statistics rather than shaky earnings released by industry heavyweight Walmart (WMT). As the opening bell rang, funds such as th...
Retail earnings season is heating up. Investors looking for easy and diversified exposure can consider XRT, an equal-weight collection of 108 stocks across 10 industries. Past criticisms of mine included too many speculative and overvalued growth stocks in an uncertain environment. I'...
Walmart (NYSE:WMT) slides after missing estimates with Q1 EPS miss and lowering guidance in the high-expense environment. The retailer reported total U.S. comparable sales rose 4% in Q1 to top the consensus estimate for a 2.2% increase. Comparable sales were 3% higher at Walmart stores with t...
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2024-07-08 11:42:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-28 12:26:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-09 06:24:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...