Oversold Conditions For Netflix Inc. (NFLX) Friday, April 5, 4:39 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Notable Two Hundred Day Moving Average Cross - JWN Tuesday, April 9, 4:18 PM ET, by Market News Video Staff In trading on Tuesday, shares of Nordstrom, Inc. (JWN) crossed below their 200 day moving ...
Bullish Two Hundred Day Moving Average Cross - SHLD Wednesday, April 10, 11:36 AM ET, by Market News Video Staff In trading on Wednesday, shares of Sears Holdings Corp (SHLD) crossed above their 200 day ...
Short Interest Declines 19.5% For DG Wednesday, April 10, 3:41 PM ET, by Market News Video Staff The most recent short interest data has been released by the NASDAQ for the 03/28/2013 ...
By Market News Video Staff, Wednesday, February 16, 11:57 AM ET
After a disappointing start to the week, retail stocks began trading higher on Wednesday. The SPDR S&P Retail ETF (AMEX:XRT) is up over 2% thus far during the morning session.
Two of the fund’s holdings responsible for the up-tick in performance include Family Dollar Stores Inc (NYSE:FDO) and Dollar Tree Inc (NASDAQ:DLTR).
On Wednesday, Nelson Peltz, board/director of Wendy’s/Arby’s Group (WEN), released plans to purchase discount retailer Family Dollar for an estimated $7 billion. The offer represents a 25% premium over the North Carolina based retailer’s closing share price on Tuesday. The news sent shares of Family Dollar soaring; the company advanced 23.6% to $54.34 during the morning session.
Following the news, shares of Dollar Tree gained more than 4%, while shares of other discount retailers, such as Dollar General (NYSE:DG) and 99 Cents Only Stores (NDN), appreciated as well.
Two of the fund’s top holdings are also performing particularly well today. NetFlix (NASDAQ:NFLX) continues its bullish streak as it rose more than 1% to $243.34. The California based company is currently trading just below its all-time high of $247.55.
Meanwhile, shares of Sears Holding Corp (SHLD) are rebounding after yesterday’s poor showing. The major retail conglomerate gained 2.176% to $90.16 thus far during the trading session.
This Article's Word Cloud:CaliforniaDollarFamilyFollowingMeanwhileNYSENelsonPeltzRetailStoresTreeWednesdayWendyappreciatedbasedbullishcompanyconglomeratecontinuescurrentlydirectordisappointingdiscountduringfundgainedholdingsincludejustmoremorningnewsoverperformingpricerepresentsresponsibleretailretailerretailerssentsessionsharesharesshowingthanthustradingwellwhile
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
Analyst Moves: RIG, APC, BSX
Daily Wrap: May 10, 2013
Analyst Moves: DISH, MDR, PCLN
Daily Wrap: May 9, 2013
Daily Dividend Report: CRI, WM, CHRW, NVDA, CBI
Hiring Picture Improves In April