Who'd have thought that Office Depot (ODP) would be one of the first retailers to blame weak saleson the housing market? But that's exactly what Chuck Rubin, President of Office Depot's North American Retail Division, did on the company's conference call:Complete Story »
Eric Savitz(Barron's) submits: Video game stocks are sliding Tuesday inan otherwise upbeat session for tech stocks, following a slightlydisappointing earnings outlook from video game retailer GameStop (GME).Complete Story »
Hickey and Walters (Bespoke) submit: At the end of October, it looked as ifthe S&P 500 was on track to close near the consensus year-end price target among major Wall Street strategists.Complete Story »
Hickey and Walters (Bespoke) submit: Below we highlight our trading range charts for the S&P 500's 10 sectors. The red area is considered overbought while the green area is considered oversold.Complete Story »
Minutes from last month's FOMC meeting released Tuesday indicate the Fed's decision to cut interest rates by 0.25% to 4.5% was a "close call." Ultimately, though, "most members saw substantial downside risks to the economic outlook and judged that a rate reduction at this meeting would provide valuable additional insurance against an unexpectedly severe weakening in economic activity."Complete Story »
