Retail remains extremely hot. As many retail stocks continue to make new 52 week highs, many investors wonder if it will ever stop. The answer is yes, and it may be sooner than later. Tomorrow, the Non Farm Payrolls Report will be released. This will show the world how many jobs were created in the last month. It is estimated that 200,000 were added.
Regardless of the market weakness today, retail is doing well. The Merrill Lynch Retail HOLDRS ETF (NYSEARCA:RTH) is trading at $40.00, +0.04 (+0.10%). This is one of the most extended sectors in the market but still showing strength.
Macy's, Inc (NYSE:M) is a retail organization operating retail stores and Internet Websites under two brands (Macy's and Bloomingdale's) that sell a range of merchandise, including men's, women's and children's apparel and accessories, cosmetics, home furnishings and other consumer goods in 45 states, the District of Columbia, Guam and Puerto Rico.
Macy's, Inc (NYSE:M) is a retail organization operating retail stores and Internet Websites under two brands (Macy's and Bloomingdale's) that sell a range of merchandise, including men's, women's and children's apparel and accessories, cosmetics, home furnishings and other consumer goods in 45 states, the District of Columbia, Guam and Puerto Rico.
Macy's, Inc (NYSE:M) is a retail organization operating retail stores and Internet Websites under two brands (Macy's and Bloomingdale's) that sell a range of merchandise, including men's, women's and children's apparel and accessories, cosmetics, home furnishings and other consumer goods in 45 states, the District of Columbia, Guam and Puerto Rico.
Macy's, Inc (NYSE:M) is a retail organization operating retail stores and Internet Websites under two brands (Macy's and Bloomingdale's) that sell a range of merchandise, including men's, women's and children's apparel and accessories, cosmetics, home furnishings and other consumer goods in 45 states, the District of Columbia, Guam and Puerto Rico.
Retail sales for November came in at 0.2%. This number was a disappointment to the market but ultimately had little impact on stocks outside the retail sector. The S&P 500 is trading up 5 points on the day, just shy of a half-percent gain. All eyes continue to be on Europe and at 2:15pm ET today, the Federal Reserve will release their policy statement on interest rates.
SPX Corporation (NYSE:SPW) announced that its board of directors has declared a quarterly dividend of $0.25 per common share payable on January 4, 2012 to shareholders of record on December 14, 2011.
SPX Corporation provides flow technology products, test and measurement products, thermal equipment and services, and industrial products and services worldwide.
