Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Consumer Company Stocks Climb as J.C. Penney Sales Rise - Consumer Roundup

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/10/2017 | 10:26pm CEST

Shares of retailers and other consumer-services companies rose amid relief about the prospects for department stores. Shares of J.C. Penney surged after the chain store posted quarterly revenue and same-store sales growth that topped Wall Street estimates, a pleasant surprise that came after a late-October warning that its quarterly growth would be hurt by promotional activity designed to shift stubborn inventory. Investors have fled the bricks-and-mortar retail sub-sector recently as Amazon.com's incursion on the business shows no sign of abating. The University of Michigan said its preliminary reading on consumer sentiment was 97.8 in November, down from 100.7 in October, which was the highest reading since 2004. Fears that Airbnb would lay waste to the hotel industry may be overdone, according to a survey conducted by one brokerage. A Morgan Stanley survey "suggests Airbnb adoption is slowing in the US/Europe as awareness peaks and privacy/safety issues rise," said analysts at the brokerage, in a note to clients.

-Rob Curran, [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
01:32pTRAKTATBRUDSSAGER - DET INDRE ENERGIMARKED : Kommissionen indbringer Tyskland og Ungarn for EU-Domstolen for ikke at have gennemført den tredje energipakke fuldt ud
PU
01:32pDCLG UK DEPARTMENT FOR COMMUNITIES AND LOCAL GOV : Ministers seek views on shale planning reforms
PU
01:22pADNOC ABU DHABI NATIONAL OIL : Awards Contracts to CNPC Affiliate for World’s Largest Comb...
PU
01:17pCITY OF DACULA GA : July 20 is a Recycle Pick-Up Day
PU
01:17pMINISTRY OF FINANCE OF REPUBLIC OF INDIA : Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified
PU
01:17pCURRENCIES : Dollar Advances, As China's Yuan Drops To 1-year Low
DJ
01:16pNEWS HIGHLIGHTS : Top Financial Services News of the Day
DJ
01:16pNEWS HIGHLIGHTS : Top Company News of the Day
DJ
01:16pNEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
01:15pWHITE HOUSE'S NAVARRO : Trump's tariffs not as disruptive as headlines suggest
RE
Latest news "Economy & Forex"
Advertisement