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Monday, October 06, 2008
Dollar Off Highs Vs. Euro, Up From Lows Vs. Yen
Lisa Twaronite
MarketWatch Pulse
SAN FRANCISCO -- The dollar was up against most major rivals except the yen Monday but was off its session highs as the Dow industrials pared an earlier 800-point intraday drop, though U.S. stocks still closed deeply in the red. The dollar index , which tracks the U.S. unit against a basket of six major currencies, was at 81.442, after earlier rising to a more than one-year high of 81.745. The euro was buying $1.3506, up from a low of $1.3441. The dollar bought 101.59 yen, up from a low of 100.22 yen, as stocks retook lost ground and risk aversion waned.
Copyright © 2008 MarketWatch, Inc.
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Most folks judge the health of a business by the revenue that comes in through sales. But not all revenue is equal. Companies can grow their sales by buying other companies, which means you don't get a clear view of how the real sales trends are moving.
So, many analysts, particularly those who look at retail, try to gauge what¿s known as "organic" growth, by looking at same-store sales. These are sales only at outlets open more than a year, so the metric can exclude any sales jump that comes from opening new locations. Retailers release same-store sales (which are frequently called "comps" since they're a true comparison from the previous period) every month.
Retail, incidentally, isn't the only industry to look at same-store sales. Hospital companies, also use the metric, to gauge how existing hospitals are performing compared to ones they just built or acquired.
