[ad_1] The holiday shopping season got off to a solid start over the weekend, as Black Friday’s online sales beat expectations and started to build some much-needed momentum for the retail sector. According to Adobe’s online sales tracker, consumers shelled out a record $9.12 billion shopping online on Black Friday. …
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[ad_1] A major rally could be ahead of some stocks that are forming “golden cross” patterns heading into the year-end. A golden cross chart pattern forms when the 50-day moving average climbs above the 200-day moving average. Technical analysts typically understand the signal as a bullish pattern for stocks. With …
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[ad_1] It hasn’t been the best week for the broader market. The S & P 500 is down about 1% week to date, as investors weighed fresh commentary from Federal Reserve officials on inflation and monetary policy, which heightened concerns of even higher interest rates. Several retail stocks bucked the …
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[ad_1] Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Ross Stores — Ross Stores jumped 10% after a quarterly beat on earnings and revenue. The company was also named by Credit Suisse as its …
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[ad_1] Off-price retailers are poised to outperform, and Ross Stores will be the leader, according to Credit Suisse. The firm just moved the stock to its top pick in this retail sector. While many retailers are grappling with a glut in inventory, high inflation and a potential recession, earnings reports …
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[ad_1] Check out the companies making headlines in midday trading. Gap – The retailer popped 10% after beating Wall Street’s estimates for revenue. Gap also also gave a cautious outlook for the holiday season. Palo Alto Networks – Shares of the cybersecurity provider added 6.5% after beating expectations for revenue …
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[ad_1] Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. HAL earnings beat Club stocks making news: STZ, LIN TJX is a best-of-breed stock 1. HAL earnings beat Halliburton (HAL) beat earnings and revenue …
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[ad_1] TJX Companies (TJX) is competitively positioned to weather an economic slowdown, JPMorgan said, underscoring the Club case for owning the off-price retailer. [ad_2] Source link
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[ad_1] Everyone loves a deal and consumers this holiday season can expect more savings in stores thanks to a glut of inventory at some of their favorite retailers. While the surplus merchandise is a boon for consumers, it does mean a potential hit to profitability for retailers — even if …
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