Best Buy Reports Earnings After an All-Time High

Consumer durables retailer Best Buy Co., Inc. (BBY) releases its quarterly results before the opening bell on Thursday, May 24, and has a favorable track record when it comes to earnings. The retailer of refrigerators and televisions down in size to handheld devices...

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Active Traders Remain Bullish on Materials

The basic materials sector – which comprises market segments such as chemicals, containers, packaging, metals, mining and forest products – is often one of the best market hedges due to the underlying demand for its products. In this article, we take a look at several...

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Target Stock's Upside Looks Limited

Target Corporation (TGT) reports first quarter earnings on Wednesday morning, with analysts expecting the big box giant to post earnings per share of $1.39 on $16.6 billion in revenues. The stock sold off after the retailer met fourth quarter estimates in March,...

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Retailers Could Hit New Highs

Brick-and-mortar retailers surged to higher ground last week, with many components breaking out of basing patterns or posting new 2018 highs. This buying wave should continue into the third quarter, with speculators betting on a surge in U.S. consumer spending, driven...

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AutoZone Set for Positive Charts on Earnings Beat

AutoZone, Inc. (AZO) is a retailer of after-market auto parts and accessories that are usually cheaper than the branded parts found at automobile dealers. AutoZone stock closed Friday, May 18, at $652.64, down 8.3% year to date and in correction territory at 18.2%...

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Stocks Move Lower Amid Rising Inflation Risk

Most of the major U.S. indexes moved lower over the past week as 10-year and 30-year Treasury yields moved to multi-year highs, although small-cap stocks posted slight gains. With the number of Americans on unemployment at lows not seen since 1973, investors are...

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Cleveland-Cliffs Could Ride Commodity Wave

Rising inflation has extended into the lowly iron ore market, lifting American producer Cleveland-Cliffs Inc. (CLF) to the highest high since January 2018. More importantly, the uptick may complete a bottoming pattern and breakout that generates the first rally into...

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