Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 24th of May.
If The Economy Is So Good, Why Did This Happen?
We have been talking about this all week... Why did these bedrock companies, Wal-Mart (NYSE:WMT), Target (NYSE:TGT) and Sears (NASDAQ:SHLD), all miss their earnings estimates? Is this an early warning signal that the economy is really not as healthy as the Fed and everyone else would like to see? We will be examining all three stocks today. [Read more...]