Daily Market Wrap: August 14, 2012 Tuesday, August 14, 5:02 PM ET
The markets got off to a positive start this morning fueled by better than expected economic news and a strong retail sales report.
The Commerce Department is reporting that retail sales increased in July for the first time in 4 months, with a 0.8 percent increase, beating economists' expectations.
Business inventories inched up just slightly, up 0.1 percent in June, according to the Commerce Department. This follows a gain of 0.3 percent in May.
Among retailers, Michael Kors (NYSE:
KORS) beat earnings expectations and also upped its full-year earnings forecast, sending shares higher today.
TJX) posted a 21 percent increase in second quarter net income, and the discount retailer also boosted it's full-year earnings outlook. TJX shares were also trading higher today.
Tomorrow, we'll take a look at the numbers for weekly mortgage applications as well as earnings results from Target (NYSE:
TGT) and Cisco (NASDAQ: CSCO).
For Marketnewsvideo.com, I'm Sayoko Murase.
Tuesday Sector Laggards: Railroads, Precious Metals
Related symbols: KSU, GWR, FSM, HL
Tuesday Sector Leaders: General Contractors & Builders, Auto Dealerships
Related symbols: SKY, MHO, ABG, KMX
Monday Sector Laggards: Airlines, Electric Utilities
Related symbols: ALK, ALGT, EDN, CVA
Tuesday's ETF with Unusual Volume: PXI
Related symbols: PXI
Tuesday's ETF Movers: ITB, XME
Related symbols: MHO, TOL, HL, MUX, XME, ITB
IAU, PEZ: Big ETF Outflows
Related symbols: IAU, PEZ, PCLN, DPZ
Daily Dividend Report: THG, AWH, PNR, NDSN, BKE, NX
Related symbols: THG, AWH, PNR, NDSN, BKE, NX
Daily Dividend Report: JCI, AET, MON, CPT, RHP, EGP
Related symbols: JCI, AET, MON, CPT, RHP, EGP
Daily Dividend Report: EMN, OC, PLD,RRC, AGR
Related symbols: EMN, OC, PLD, RRC, AGR
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Daily Market Wrap: August 14, 2012
| Market News Video | Copyright © 2008 - 2016, All Rights Reserved
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.