12 June, 2014 by The TZ Newswire Staff Comments Off on Why lululemon athletica Stock Hit a New Low Today
Why lululemon athletica Stock Hit a New Low Today
Investors punished Lululemon stock today after the retailer reported first-quarter earnings. Here’s what investors need to know.
12 June, 2014 by The TZ Newswire Staff Comments Off on Dow Tumbles, Airline Stocks Descend on Iraq Unrest
Dow Tumbles, Airline Stocks Descend on Iraq Unrest
Walt Disney stock falls; United Continental and Delta Air Lines finish as two of the worst in the stock market today
12 June, 2014 by The TZ Newswire Staff Comments Off on Oil Stocks Hit New Highs As Iraq Tension Increases
Oil Stocks Hit New Highs As Iraq Tension Increases
Oil prices bumped up Thursday as conflict in Iraq worsened. It’s not good for stocks overall, but the oil stocks had a good day. The Oil & Gas-U.S. Exploration & Production industry group is ranked No. 2 out of 197 groups tracked by IBD. That’s up from No. 6 six weeks ago. Many of the stocks were strong in the morning but gave back a good portion of their gains by the end of the day.
12 June, 2014 by The TZ Newswire Staff Comments Off on Eagle Materials, Rambus Shrug Off Selling In Broad Market
Eagle Materials, Rambus Shrug Off Selling In Broad Market
A wave of selling hit the stock market Thursday, but several names bucked the trend and scored new highs. Restoration Hardware (RH) blasted out of a 10-week base on strong earnings. Shares soared 9.05 to 80.40 in huge trade after the luxury home furnishings retailer reported strong earnings late Wednesday.
12 June, 2014 by The TZ Newswire Staff Comments Off on Rexnord, Colfax, Idex: Key Cogs In Machinery Sector
Rexnord, Colfax, Idex: Key Cogs In Machinery Sector
Stocks like Rexnord (RXN) and Colfax have become key cogs in the machinery sector. Those and other strong names were already working on ways to boost productivity before 2008. The great recession forced them to ramp up those initiatives as well as squeeze costs. “Once the 2008-09 crisis was past, a lot of companies began to fill their production capacity, fill their factories,” said David Rose, an analyst for Wedbush Securities.
12 June, 2014 by The TZ Newswire Staff Comments Off on US to auction 30,000 bitcoins from ‘Silk Road’
US to auction 30,000 bitcoins from ‘Silk Road’
The US Marshals are preparing to auction nearly 30,000 bitcoins that were seized from Ross Ulbricht.
12 June, 2014 by The TZ Newswire Staff Comments Off on U.S. retail sales miss expectations, jobless claims rise
U.S. retail sales miss expectations, jobless claims rise
U.S. retail sales rose less than expected in May and first-time applications for jobless benefits increased last week, but the data did little to alter views the economy is regaining steam. The Commerce Department said on Thursday that retail sales gained 0.3 percent. In a separate report, the Labor Department said initial claims for state unemployment benefits climbed 4,000 to a seasonally adjusted 317,000 for the week ended June 7.