Retail stocks are fluctuating on earnings reports and analyst calls.
And that's not what's supposed to be happening right now.
The Dow also sets a multiyear high before turning lower. European traders hope the ECB will help resolve the debt crisis. Urban Outfitters trounces expectations. Best Buy posts a drop in profit and comparable sales.
Steven Madden upgraded to 'outperform,' and Caterpillar downgraded to 'market perform.'
These 3 were going to be game changers. Did they live up to the promise?
For the first quarter, the retailer reported a rise in comparable store sales versus a decline a year ago.
As anticipated, the upscale retailer's profits fell. Management projects a dismal outlook for the full year.
The retailer's margins contract as its profit drops.
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