I know, everybody loves the Apocalypse. But sadly, the Chinese economy is not heading for a hard landing, with second quarter GDP growth coming in at 7.6 percent, far above the 7 percent and under considered by economists to constitute the start of a China crash. read »
What retirees can do now for a better retirement later.
Donald W. Hodges, Founder, Chairman and Portfolio Manager, Hodges Capital Management. read »
Supervalu (SVU), parent to grocery chains Albertsons and Jewel-Osco, said it’s considering selling all or part of the company, reports the Wall Street Journal. The stock tanked on the news. read »
Viacom (VIA) , feuding with DirecTV (DTV), saw its stock lose the most ground yesterday after the provider kicked Viacom channels off the air. read »
Standard & Poor’s reports that 505 companies boosted their dividend payout in the second quarter and just 37 lowered their dividend. That’s a continuation of a nice post-crisis trend. In 2010’s second quarter 335 firms increased their dividend payout and in last year’s second quarter 444 raised their payout. read »
Shares of Hot Topic (HOTT), a mall-based specialty retailer, have jumped 47.9% since the beginning of the year. The company is on track for a promising future given its history of consistent performance, solid niche market position, ongoing cost cutting initiatives, ability to tweak merchandise in line with rapidly changing trends and debt-free balance sheet. Strong estimate revisions combined with a robust long-term earnings growth projection of 26.7% made Hot Topic a Zacks #1 Rank (Strong Buy[...] read »
Next week, international investors will be paying careful attention to U.S. retail sales, major corporate earnings and inflation data, not to mention "The Ben Bernanke's" semi-annual testimony to Congress. read »
But can it last? Earnings season is looking better after the big bank reports.