President Obama just doomed millions of hardworking Americans to the unemployment line and, at the same time, just made it harder for every retailer - large and small - to turn a profit.
This is the last thing you want to see as an investor as well.
By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report -
President Obama just doomed millions of hardworking Americans to the unemployment line and, at the same time, just made it harder for every retailer - large and small - to turn a profit.
This is the last thing you want to see as an investor as well.
Here's the latest reason why you should now think twice about holding retail stocks...
By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report -
President Obama just doomed millions of hardworking Americans to the unemployment line and, at the same time, just made it harder for every retailer - large and small - to turn a profit.
This is the last thing you want to see as an investor as well.
Here's the latest reason why you should now think twice about holding retail stocks...
By Diane Alter, Contributing Writer, Money Morning -
Looking at today's market, it's hard to believe Best Buy Co. Inc. (NYSE: BBY) stock soared 254% in 2013, landing it among the 10 best-performing stocks of 2013.
Today (Thursday), shares of the Richfield, Minn.-headquartered company plummeted some 33% following reports of disappointing holiday sales. It was the largest single-day percentage drop for the stock since Aug. 8, 2002.
To continue reading, please click here...