Posted by Geoff Seiler at 4:31PM on August 28th
The major market averages closed mixed a second-straight day. The economic news was also mixed, with the housing market continuing to show signs of strength, but consumer sentiment pulling back. One of the most interesting pieces of news on the…
Posted by Jason Smith at 2:00PM on April 9th
It was a strong week for the various retail sub-sectors with some gaining more than 5% on double-digit spikes from individual winners.
Posted by Jason Smith at 12:30PM on March 17th
Chinese jewelry retailer Fuqi International (FUQI) is plummeting today after receiving downgrades to Neutral from Buy at Merriman and to Perform from Outperform at Oppenheimer. The latter of the two firms cited accounting errors during 2009 that may have resulted in…
Posted by Owen Vater at 12:00PM on September 25th
Buffett has made billions picking “diamonds in the rough,” but he sees a bleak outlook for the ones in display cases.
Back in May, at Berkshire Hathaway’s (NYSE: BRK-A, BRK-B) annual shareholder meeting, news cameras followed some of Buffett’s “partners” as they…
Posted by Owen Vater at 11:03AM on August 3rd
Despite lagging consumption, retailers have led the market – how long before these formerly depressed stocks are deemed a fair value?
Despite the improving outlook for the economy and stock market, the rebound of selected sectors has economists scratching their heads.…
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