Here come the retailers. After a string of positive consumer data showing confidence at a five-year high and decent same-store sales in October, many of our nation's top retail chains are set to report third-quarter earnings results this week. Forecasts from retailers like Wal-Mart and Target are arguably the best gauges of consumer strength now and the jam packed earnings lineup is sure to bring more clarity moving forward.
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The 20 Biggest Dividend Stocks Within The Service Sector
This morning, many of the leading retail stocks are trading lower to start the day. The important Market Vectors Retail ETF (NYSEARCA:RTH) is trading lower by 0.19 to $43.05 a share. The daily chart of the RTH is still holding up very well. Short term traders can watch for intra-day support around the $42.88, and $42.68 levels. ...
Wal-Mart Stores Inc (NYSE:WMT) is leading the retail sector higher today. This stock has been one of the strongest stocks in the entire stock market over the past month. This leading retail stock has displayed incredible relative strength by trading higher as the major stock indexes declined lower.
The two leading home improvement retail stocks are finally retreating today. The Home Depot Inc (NYSE:HD) and Lowe's Companies Inc (NYSE:LOW) are trading slightly lower on the session after making new 52 week highs yesterday. Both of these stocks remain above the daily chart 50, and 200 moving averages which indicate a strong technical chart position.
The retail sector has been extremely strong since late December 2011. The Market Vectors Retail ETF (NYSEARCA:RTH) has surged higher by more than $4.00 since that time. This morning, the RTH is declining lower by just 0.08 cents to $41.23 a share. Short term traders should watch for intra-day support around the $41.00, and $40.50 levels.