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After nearly three years of turmoil, normalcy could be returning to markets and the economy. Today we'll consider four trends that could indicate big changes from the chaos that began in early 2020 as coronavirus spread from China's Wuhan province. If they continue,...
From employment to manufacturing and spending, the economy continues to improve as the crucial holiday shopping season approaches. Today's non-farm payrolls report featured bullish news on almost every metric. The overall number beat estimates by 25 percent, as key...
Macy's has screamed higher since November, and now may be offering the bulls another entry. The first major pattern on the retailer's chart is the upward sloping trending running from the mid-December lows. The bears tried to break it last week but apparently threw in...
Stocks fell again last week as the coronavirus pandemic made a comeback. The S&P 500 slid 2.9 percent between Friday, June 19, and Friday, June 26. It was the index's second negative week in the last three, with more than 85 percent of its member stocks losing...
Stocks held their ground last week as investors shrugged off concerns about a trade war with China. The S&P 500 slipped 0.3 percent between Friday, November 15, and Friday, November 22. It the first negative week since the beginning of October. However the index...
Earnings season ended with a mixed bag as some major retailers beat estimates and others came up short. Target (TGT) was the most bullish name, continuing its transformation from big-box boutique to digital powerhouse. CEO Brian Cornell's combination of delivery...
Stocks fell again last week as economic fears continued, but the Federal Reserve may lift spirits soon. The S&P 500 declined 1 percent between Friday, August 9, and Friday, August 16. It was the third straight losing week and kept the index on pace for its second...
Retail earnings are off to a bearish start as unsold merchandise piles up and shopping centers go quiet. Macy's (M) started things on a bearish foot yesterday. Not only did profit, revenue and guidance miss estimates. The tone of its release was also dismal: "Rising...
Earnings season began on a strong foot, thanks to financials and a handful of other key stocks. Bank of America (BAC), Goldman Sachs (GS) and Citigroup (C) led the charge. Stronger banking activity was the big driver, also lifting smaller regionals like Comerica (CMA)...