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…

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…