The stock market started out lower on Tuesday, October 9th, 2012 and it got worse throughout the day. When all was said and done the NASDAQ dropped well below its 20 day moving average, down 1.5%. Even though the market took a plummet today the bulls are still in charge as all three market...
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Over the last several years auto sales have been increasing at a steady pace. This is very good news for those that benefit from an improved economy. A total of 1.19 million cars, trucks, vans and SUVs were sold in the month of September. This is a 13 percent increase from one year ago....
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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 largest drops for O’Reilly in the last few years as the automotive parts stocks...
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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 just over a week away. Retail holidays often take place during a three day...
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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 it pierced its 20 day moving average to the downside. After the strong move...
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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 to this is TJX Companies, Inc. TJX Companies, Inc owns TJ Maxx, Home Goods...
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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 support at its 200 day moving average and many stocks have pushed higher. Two...
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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 working away from week long sales and deals with coupons. This is similar to...
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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 2012. Some of these same names plummeted during the market correction but the Retail...
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In the month of February 2012 light vehicle sales were up 14.1% year over year and up 6.9% month over month. Early estimates were for 14 million in sales but the preliminary number is coming in much higher at 15.1 million. Over the last several months light vehicle sales have increased drastically as can be...
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