BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Macy's: Uptrend is at odds with consumer confidence numbers]]>http://www.bloggingstocks.com/2009/02/24/macys-uptrend-is-at-odds-with-consumer-confidence-numbers/http://www.bloggingstocks.com/2009/02/24/macys-uptrend-is-at-odds-with-consumer-confidence-numbers/http://www.bloggingstocks.com/2009/02/24/macys-uptrend-is-at-odds-with-consumer-confidence-numbers/#commentsFiled under: ,

Perhaps Wall Street missed the memo "Sell the news." Macy's (NYSE: M), the largest department store company in the country, beat analyst estimates by roughly 5.2% with a fourth quarter adjusted profit of $1.06 per share. Punters sent shares up smartly on the news, over 4%.

That same morning, we got the worst CCI numbers on record -- below the 30-point range. The Piqqem Sentiment on Macy's has flat-lined after some uptick, implying today's swing could be a dead-cat bounce.


Continue reading Macy's: Uptrend is at odds with consumer confidence numbers

Macy's: Uptrend is at odds with consumer confidence numbers originally appeared on BloggingStocks on Tue, 24 Feb 2009 15:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>department storeDepartmentStoredillardsearnings reportsEarningsReportsmacysNordstromsrecessionretail stocksretailersRetailStocksTue, 24 Feb 2009 15:50:00 EST<![CDATA[Sears: The GM of retailers]]>http://www.bloggingstocks.com/2008/12/08/sears-the-gm-of-retailers/http://www.bloggingstocks.com/2008/12/08/sears-the-gm-of-retailers/http://www.bloggingstocks.com/2008/12/08/sears-the-gm-of-retailers/#commentsFiled under: , , , , , , , , , ,

The chain that once dubbed itself "where America shops" is increasingly a place shoppers avoid. Despite its much-publicized recovery efforts, investors should consider steering clear, too. Sears Holdings Corporation (NYSE: SHLD) has been in the news a great deal lately, announcing awful sales results and planning yet another stock buyback to prop up its flailing price.

The recent store changes have not worked, and neither will the financial engineering. This company is on its way down, and a visit to a local store showed me why.

Sears used to be the General Motors (NYSE: GM) of retailers -- an apt analogy when both were all-American giants, and just as apt today as both struggle. Sears had completely lost its way when vulture investor, Eddie Lampert, bought the company in late 2004 and combined it with Kmart. Wall Street analysts went nuts, pushing the stock price to $192 a share.

Today, Wall Street has lowered that price to near $40.

Continue reading Sears: The GM of retailers

Sears: The GM of retailers originally appeared on BloggingStocks on Mon, 08 Dec 2008 15:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>applianceseddie lampertEddieLampertfleecekenmorenordstromsretailsearsMon, 08 Dec 2008 15:50:00 EST