Auto part retailers have long been the darlings of the retail industry with consistent earnings growth, the highest margins in the sector, and protection from online players. And as a result, the stocks have been rewarded with a high valuation and market outperformance. However, there’s a looming technology that could disrupt the industry that I don’t think is being accounted....More>>>
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Stocks fell on the final trading day of 2016, with a slight decline still leaving the Dow Jones Industrial Average(DJINDICES:^DJI)up an impressive 13% on the year. The S&P 500 (SNPINDEX:^GSPC) index shed a bit more during the session, and trailed the Dow by posting a 9% annual gain.
Today’s stock market
December 29, 2016: Markets opened higher Thursday but were unable to hold onto early gains, probably due to some selling as traders get their ducks in a row for the new year. Equities have bounced around the break-even line most of the day. Utilities is the best performing sector while financials is the worst. WTI crude oil for February delivery settled at $53.77 a barrel, down about 0.5% on the....More>>>
Stocks will open lower this morning as oil continued to fall, and shares ofExxonMobil (XOM) andBP (BP) head lower following earnings reports.
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S&P 500 futures have dropped 0.8%, while Dow Jones Industrial Average futures have fallen 0.8%. Nasdaq Composite futures have declined 0.8%. Oil has dropped 4% to $30.37 a barre.
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ReneSola Ltd. (ADR) (NYSE: SOL) is estimated to report a quarterly loss at $0.04 per share on revenue of $256.05 million.