The Ticker


August 2008


Tiffany, Zale Shine Bright

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Diamonds are an investor's best friend today as the weak economy fails, for different reasons, to dampen sales at Tiffany & Co. (TIF) and Zale Corp. (ZLC).

Tiffany beat estimates handily and doubled its second-quarter profits thanks to sales in Europe and Asia, where the economic slowdown hasn't ...

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TAGS:
investing
sales
jewelry

Hussman Sees Trouble Ahead

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John Hussman of the Hussman Funds says we're again seeing disagreement among optimistic stock investors and the reality of ongoing troubles in credit markets. If markets finally get that we're in a significant recession, a drop in stocks could come with little warning.

From his latest commentary ...

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TAGS:
stock market

Home Depot, Lowe's Hurt by Housing

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The results are grim at the big home stores now that all those improvements made by new owners and eager sellers have dried up.

Home Depots (HD) saw second-quarter net income fall by 24 percent. CEO Frank Blake blamed "pressure on the consumer." Earnings fell to 71 cents a share from 81 cents a year ...

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TAGS:
housing
shopping

Solar Earnings Soar

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The shares of two Chinese names are reviving the solar sector this morning.

LDK Solar (LDK) is up more than 20 percent today after second-quarter earnings more than doubled to $1.29 a share from 45 cents a year ago. Wall Street was expecting profits to fall to 42 cents, so the beat is a huge one.

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TAGS:
energy
renewable energy
stocks

Today's Links

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Bloomberg has a great piece on the "lone gunman" theory of Bear Stearns's near collapse. Options traders bet $1.7 million that the share price of the country's fifth-largest bank would fall by half in a little over a week—a move analysts are saying smacks of insider trading that could have netted ...

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Retail Casualties

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Retail is on the ropes heading into its most vital months of the year. The outlook could get worse.

A quick roundup of today's bad news:

  • Whole Foods slashed earnings forecasts by about half to 13 to 15 cents a share after an absolutely dismal quarter as the crunchy grocer grapples with its troubled ...
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    TAGS:
    stocks
    shopping

    Stocks Could Come Back

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    It's rough out there for investors. We're deeply mired in a bear market, and the problems that caused it—housing and credit crises, the slow economy—haven't turned around in a meaningful way yet.

    Still, a few folks do see reason to hope that the stock market could end the year with a sizable ...

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    TAGS:
    stocks
    investing

    The Long Healthcare Recovery

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    Almost all year, a good number of analysts have been touting healthcare as a safe bet during the market downturn. They were wrong for a good chunk of 2008, but Merrill Lynch points out today that the sector has quietly crept back into positive territory.

    Over the past three months, the S&P 500 ...

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    TAGS:
    Merrill Lynch