After O’Reilly Auto Parts lowered its second quarter sales and earnings guidance automotive replacement parts and accessories retailers dropped significantly. By the end of the day O’Reilly was down over 14% and Autozone dropped 4.5%. This is one of the…
Month: June 2012
Retail Stocks Sink Over 1% Prior to Major Sales Event
The Market Vectors Retail ETF (RTH) dropped just over 1% on Monday, June 25th, 2012. This drop pushed the RTH well below its 50 day moving average. Most major retailers are preparing for July 4th sales as the holiday is…
Energy Stocks End Week Down Over 3%
On the week ending Friday, June 22nd, 2012 energy stocks were down over 3%. The Energy Select Spider (XLE) plummeted 3.32% as many big named oil companies struggled throughout the week. On Thursday, June 21st, the XLE dropped significantly as…
Average 30 Year Fixed Home Loan Rates at 3.5% in Late June 2012
For quite some time homeowners have seen average 30 year fixed home loan rates under 4%. Since the beginning of June 2012 fixed loan rates have bounced between 3.45% and 3.6%. On Friday, June 22nd, 2012 average 30 year loans…
TJ Maxx and Home Goods Parent TJX Companies, Inc Hits All Time High
The low cost retailer WalMart has carved out a huge niche in the United States and abroad. This niche started with the idea that a retailer could offer extremely low prices on all products. A more recent retail model similar…
Speciality Retailers Lululemon Athletica and Michael Kors Find Support at Moving Averages
Since the beginning of May many speciality retail stocks have taken a beating. In fact, several of the leaders in the first part of the year dropped over 20% in less than a full month. Recently, the S&P 500 found…
JCPenney Stock Plummets After Hours; Brand Manager Out
After hours on Monday, June 18th, 2012 JCPenney stock took a tumble. Shares were down almost 6% to $22.90 as brand manager Michael Francis was axed after the simplified pricing strategy did not work out. Unlike most retailers, JCPenney was…
Average Mortgage Interest Rates Stable to Begin Week of June 18
Average 30 year fixed mortgage rates have dropped below 3.5% twice in the month of June 2012. At the very beginning of the month the 30 year fixed rate hit 3.48% for one day. After a move to all time…
Retail Stocks Approach Multi Year Highs with Recent Stock Market Recovery
During the first several months of the year financial stocks led United States stock markets higher. Retail stocks were not far behind as some of the more popular names were up 40% and even 50% by the beginning of May…
Volatile Week on Wall Street Ends with a Strong Friday Close
The entire second week of June 2012 saw major swings in the United States stock indices. It seemed that every single significant up day was followed by an equally significant down day. By the end of the week the S&P…