Consumers Off Target – style=”color:#999999″>Bloomberg
A pullback in consumer spending has led to lower profits and lower revenues for retailers like Target. Earnings at Target were lower for the third quarter in a row.
Handily beating earnings estimates Wednesday morning, Solarfun Power Holdings has seen dramatic increases in both options activity and institutional money flow.
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Shares of the upscale retailer have been hammered in recent days due to poor profit performance. Rising fuel costs continue to be blamed for the fortunes of struggling retailers this quarter. Saks is our TradingMarkets Up or Down Stock Contest Featured Stock. Will Saks be up or down on Thursday? href=”https://tradingmarkets.comtrading_contests/upordown/?src=rightmenuNHP”>Click here by 4:00 p.m. Eastern for your chance to win up to $11,000 by correctly guessing the direction of a stock!
For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/breaking%20news/”>Breaking News section.
( TGT | Quote | Chart | News | PowerRating) reported earnings Tuesday before the open, beating analyst estimates by three cents.
An analyst report suggesting that Chinese demand for metals lead to lower prices for shares of stocks like Alcoa ( AA | Quote | Chart | News | PowerRating), which was down more than 3% on Tuesday.
Home Depot ( HD | Quote | Chart | News | PowerRating) announced earnings beat lowered estimates but failed to truly impress traders and investors, who sent the stock lower by more than 5% on Tuesday.
Solarfun Power Holdings ( SOLF | Quote | Chart | News | PowerRating) reported earnings this morning before the bell that twice as large as analyst expectations.
Expanding its services to allow customers to watch content downloaded from the Internet on their televisions, Netflix ( NLFX | Quote | Chart | News | PowerRating) was up by more than 3% in Tuesday trading.
Added to Goldman Sachs “conviction buy list” yesterday, Humana ( HUM | Quote | Chart | News | PowerRating) was one of the largest gainers in the S&P 500 on the day.
Discounts on women’s clothing and accessories did not prevent Saks ( SKS | Quote | Chart | News | PowerRating) from missing analyst estimates in its earnings report on Tuesday. Saks finished the day down more than 6%
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Gary Kaltbaum Live on Wednesday – style=”color:#999999″>TradingMarkets
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A research classic, Rule #5 of our TradingMarkets 10 Rules for Successful Investing, is all the more worth reading as the VIX begins to move higher after being overstretched to the downside.
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