Brian Levitt, corporate economist for OppenheimerFunds, says the Wal-Mart and the Tiffany's shopper is tapped out, and that's why investors should be wary of retail stocks. He also advises against buying auto and casino stocks despite their single-digit stock prices.
Results 1 - 6 of 6 for "TIFFANY"
Geoffrey Rogow reports: Money managers that have been aggressively shorting middle and high-end retailers found every reason to escalate that bet on Wednesday. With Best Buy Co. slashing its same-store sales forecast and outlook for the fiscal year, the stock dropped 8% to start off Wednesday. And now, short sellers are expecting similar moves for many of the more discretionary of retailers exp...
Legg Mason, Discover, Tiffany and VF Corp. are downgraded; PDL Biopharma is upgraded.
Filed under: Employees, Tiffany and Co (TIF), Goldman Sachs Group (GS)Goldman Sachs Group Inc. (NYSE: GS) today handed the keys to Wall Street's most lucrative kingdom to 94 lucky souls named "partner."These folks are the best of the best. Perversely, the timing could not have been better since as Bloomberg News notes it is "a designation that gives them a bigger share of a bonus pool that's li...
Filed under: Employees, Tiffany and Co (TIF), Goldman Sachs Group (GS)Goldman Sachs Group Inc. (NYSE: GS) today handed the keys to Wall Street's most lucrative kingdom to 94 lucky souls named "partner."These folks are the best of the best. Perversely, the timing could not have been better since as Bloomberg News notes it is "a designation that gives them a bigger share of a bonus pool that's li...
Over the last several years, Wal-Mart (WMT) turned away from its strength of providing everyday low prices on items ranging from drugs to lawn mowers. It tried to move upscale with fashion lines and fancy groceries. The market rejected the new plan. Wal-Mart began to have to fight a two-front war. One was with shareholders that did not like its direction. The other was with local governments an...