Unruly Volatility Remains; Weekly Wrap up
Losing your bearings out there? Whether we think we have a working compass or not, stable markets are lost on the horizon. After rallying furiously into the close yesterday (and briefly breaching our lows for the year), major indexes gave up between 3 and 5% today, with notable under-performance from the NASDAQ on Friday.
Indeed, both [...]
Macy’s, Best Buy Signal That Consumer Spending Still Decelerating (BBY, M)
Macy’s reported a $44 million loss in the 3rd quarter today on a 6% decline in comparable sales. While the comps result was slightly better than competitors like J.C. Penney (JCP) and Kohl’s (KOL), Macy’s somehow still felt it could reiterate its previous guidance for $1.10 to $1.30 EPS in the 4th quarter. But here’s [...]
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