Account
Stock indexes rallying to new highs have put investors on alert for a correction. Now they have something else to worry about: Too many individual stocks touching highs.The S&P 500 Index (SPX) rose 2.1% last week to close at a record of 1,667.47 Friday, its 16th record close this year. Similarly, the Dow Jones Industrial Average (DJI) rose 1.6% on the week to 15,354.40, its 21st record of the year. The major benchmarks, including the Nasdaq Composite (RIXF), have made a nearly unchecked 16%-17% gain for the year.It's not just the indexes that are stretching for the stratosphere.Also in the past week, more than half the stocks on the S&P 500 touched new 52-week highs, with 141 of those occurring on Friday alone, according to an analysis of FactSet data. Another 128 companies reached new 52-week highs earlier in the week."The number of people I've heard justifying the valuation has been mind boggling," said Andrew Wilkinson, chief economic strategist at Miller Tabak & Co. "The complacenc...
TJX Cos. (TJX) Chief Executive Carol Meyrowitz saw her compensation package nearly double last year to $21.8 million, according to a proxy filed with the Securities ...
Retailers posted tepid sales for a second month in a row, with March blasted by cold weather and a still-uncertain consumer, much like February. Retailers were also ...
The following retail companies are among those that have reported March same-store retail sales increases or (decreases) versus March 2012:COMPANY SYMBOL SAME-STORE ...
Retailers are posting tepid sales for a second month in a row, with March blasted by cold weather and a still-uncertain consumer, much like February.Spring and summe...
Costco Wholesale Corp reported a slightly smaller-than-expected jump in same-store sales in March on Thursday, hurt by weak international results and lower gas price...
TJX Companies said on Thursday same-stores sales fell 2% for the five-week period ending April 6, 2013. Analysts expected a 1% drop in same-stores sales, according t...
Costco Wholesale Corp reported a slightly smaller-than-expected jump in same-store sales in March on Thursday, hurt by weak international results and lower gas price...
It's crunch time for J.C. Penney Co Inc Chief Executive Ron Johnson.The struggling department store chain is poised to open the first of its new home goods boutiques...
Customer satisfaction with retailers is at an all-time high. However, while the industry improved overall, according to the American Consumer Satisfaction Index (ACS...
PMG Venture Group executive director Kristin Bentz weighs in on the performance of retail stocks, and how it reflects on the middle class in the U.S.
The following retail companies are among those that have reported February same-store retail sales increases or (decreases) versus February 2012:COMPANY SYMBOL SAME-...
U.S. retailers posted moderate sales for February, as they dealt with mixed factors like payroll tax increases and later income tax refunds that were countered by a ...
Consumer-related stocks, at the vanguard of this year's rally, may face particular headwinds this week as retailers report earnings and a slew of consumer data hits ...
Retailers saw sales pick up a bit in April, but they continue to be stymied by cool weather.The group has now marked its fiscal first quarter--February, March and Ap...
Discount retailers Ross Stores Inc. (ROST) and TJX Cos. (TJX) raised their outlooks for the fiscal first quarter as sales beat expectations and same-store sales for ...
The following retail companies are among those that have reported April same-store retail sales increases or (decreases) versus April 2012:COMPANY SYMBOL SAME-STORE ...
A number of top U.S. retailers reported disappointing April sales on Thursday as consumers gravitated toward discount chains and bad weather delayed spring shopping ...
Operator of off-price retailers like Marshalls and T.J. Maxx, TJX Companies (NYSE:TJX) revealed an 8% leap in April same-store sales on Thursday and raised the lower...
Retailers continue to be stymied by cool weather, leading to generally lukewarm sales for April.The group has now marked its fiscal first quarter--February, March an...
