Troubled discount home-goods retailer Tuesday Morning Corp. will close more than half its locations nationwide after filing for Chapter 11 bankruptcy protection for the second time in three years. The company filed for bankruptcy on Feb. 14, with Chief Executive Andrew Berger citing “exceedingly burdensome debt.” The company said it has secured a $51.5 million … Read more
It is conventional wisdom that rising interest rates are bad for the stock market, and there is no denying that in 2022 most stock prices fell as interest rates shot up. But John Buckingham, editor of The Prudent Speculator newsletter, points out that periods of rising interest rates are more often correlated with good performance … Read more
In basketball, a double-double is a combination of at least 10 or more of the following in a game: points scored, rebounds, assists, blocked shots or steals. For dividend stocks, you might find a screen of double-doubles below to be fascinating. The screen of the S&P 500 SPX highlights dividend-paying companies that have at least … Read more
Retail traders bought up U.S. stocks at the fastest pace ever recorded in January, as inflows from traders using electronic brokerages surpassed the previous peak from the height of the meme-stock craze in 2021 according to data from Vanda Research. After shunning stocks for the safety of money-market funds last year, retail traders poured an … Read more
Home Depot Inc. reports its fourth-quarter results before market open on Feb. 21, kicking off retail earnings season. The home improvement retail giant’s ability to withstand competition from Amazon.com Inc. AMZN, -1.16% was one of the reasons it deserves attention, according to JPMorgan analyst Christopher Horvers. “We believe HD remains one of the best long-term stories … Read more
Amazon.com Inc. will ask workers to come into the office at least three days a week starting in May. Chief Executive Andy Jassy outlined the company’s new return-to-office expectations in a note to employees that was also shared on the company’s corporate blog Friday. In his memo, he said that in-person attendance strengthens the company’s … Read more
With retail earnings season about to kick off, Placer.ai, a data analytics company that measures foot traffic, warns that most companies are facing a tough year-over-year holiday season comparison. But pre-pandemic data tell a different story. In a report on how Target Corp. TGT, -1.71%, Walmart Inc. WMT, +0.64%, Costco Wholesale Corp. COST, -0.22%, BJ’s Wholesale … Read more
Day traders are always looking for new ways to book instant gains. One trend that has caught on is trading options that expire the same day. Joseph Adinolfi explains how options with zero days until expiration, or 0DTEs, work, why they have pros on edge and how they can crush individual investors. A remarkable change … Read more
The numbers: The U.S. leading economic index fell 0.3 % in January, after a 0.8% drop in the prior month, the Conference Board said Friday The decline was in line with forecasts of economists polled by The Wall Street Journal. The LEI is a gauge of 10 indicators designed to show whether the economy is … Read more
The numbers: The cost of goods imported into the U.S. fell 0.2% in January, the Labor Department said Friday. Import prices have not recorded a gain since June. Economists polled by The Wall Street Journal had forecast a 0.1% decline in January. Import prices in December were revised to show a fall of 0.1%, much … Read more