Similar Posts
Women’s Retailer Chico’s FAS and Home Furnishings Retailer Williams-Sonoma Report Slowing Sales
Reading Time: 2 minutes
After the bell on Wednesday women’s retailer Chico’s FAS (NYSE: CHS) warned that August same store sales are showing a decline of about 3% and that it sees dismal same store sales for its third quarter, according to the Wall…
Fed Minutes Reveal Balancing Act at the Fed
Reading Time: 4 minutes
A few weeks after each Fed meeting, the minutes for that meeting are released. The minutes are not an actual transcript of what was said but a shamelessly doctored summary. As I tried to explain a couple weeks ago the…
Base Metals Set for Near Term Correction
Reading Time: 5 minutes
Driven by torrid growth in China base metals have experienced a phenomenal bull market the last few years. Copper has gone from around 75 cents/lb. three years ago to more than $3.50/lb. today. Nickel has gone from around $2/lb. towards…
Best Buy’s Good Quarter Boosts Wall Street’s Confidence in the Consumer
Reading Time: 2 minutes
Before the open today Best Buy (NYSE: BBY), the nation’s largest electronics retailer, announced a pretty good fiscal (ended Aug 26, 2006) second quarter. Same store sales in the United States were up 3.0% in the three months ended Aug…
The Interpretation of the Best Buy Quarter and the Last 9 Weeks in the Stock Market
Reading Time: 5 minutes
On Tuesday I wrote: The Street interpreted Best Buy’s results as saying that the American consumer is not dead and will continue to spend on discretionary items. That interpretation seems to have played out this week. The S&P Retail Index…
Tom Petruno: Market Positioning Itself for “Soft Landing”
Reading Time: 8 minutes
On Friday I wrote: The markets are somewhat confusing right now. For the 9 weeks beginning Monday July 17, the Dow has rallied from around 10,750 to today’s close of 11,560 – a 7.5% rally. Over the same period the…