Dollar General (DG) marked its 27th consecutive year of same-store sales growth in fiscal 2016. It followed this milestone up with a beat on both the top and bottom lines during its first quarter of 2017, with comps once again growing – but by only about 0.7%. As I was sifting through the retail carnage, Dollar General was one of the companies that stood out as above average, so I decided....More>>>
By Gary M. Stern, Next Avenue Contributor
Courtesy of John Lyman
Trauma nurse turned novelist, John Lyman
Reinventing is the name of the game for many people close to, or starting, retirement. Some are redefining themselves in totally new ways by exploring a passion that was dormant for years.
John Lyman and Brenda Maready are prime examples.
Eddie Bauer may be put up for sale.
Golden Gate Capital, the private equity firmthat owns Eddie Bauer, is reviewing strategic options for the sportswear maker, including a potential sale, Reuters reported Friday.
Golden Gate declined to comment.
Struggling with declining sales and unable to pay its debt, Eddie Bauer filed for Chapter 11 bankruptcy protection in June, 2009.....More>>>
By Lisa Wirthman
A growing number of people are turning to financial advisors to help them manage their wealth.
More than 36 million people are currently using the services of a federally registered investment advisor — a 22 percent increase over 2015, reports the Investment Adviser Association (IAA).
There’s a lot to consider when....More>>>
Apple Inc. stock is up 18% in the year-to-date. Bullish investor sentiment and a potential iPhone supercycle could lift AAPL stock even higher.
Cupertino, California-based Apple (NASDAQ:AAPL) has recently been in the news, mostly for the right reasons. Barring the chatter regarding its appeal against the European Union’s $14B tax charge, Apple is enjoying a lot of positive....More>>>
The Federal Open Market Committee (FOMC) is sticking to the status quo despite sufficient support from economic data for the policy rate hike this year. On November 8, 2016, citizens of the United States will vote for the next president, and now it seems unlikely that the Fed will raise interest rate in November meeting.
In an interview with CNBC, Cleveland Fed President Loretta Mester said;
Warren Buffett has remained quiet, despite being the largest Wells Fargo (NYSE:WFC) shareholder. Why so quiet? I feel he likely doesn’t agree with WFC’s practices (or doesn’t care), but what’s he really to do? He can’t sell, and buying isn’t a sound idea – this isn’t a generational buying opportunity for WFC.
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Piper Jaffray’s Erinn Murphy and James House concerns surrounding Nike (NKE) are “overblown.” They explain why:
We remain constructive on Nike shares into the company’s Q4 report (6/28) and view the 14% YTD pull back (vs. SPX of +1.3%) as an attractive entry point. Shares are now trading 21.8x FY17 and buyside sentiment remains decidedly negative.....More>>>
The odds of a Fed rate hike in September just soared after U.S. Federal Reserve Chair Janet Yellen said the argument for raising interest rates has strengthened.
Yellen made the comment Friday at the Fed’s symposium in Jackson Hole, Wyo. But she wasn’t the only Fed official who spoke. Vice Chair Stanley Fisher suggested the Fed might actually raise rates twice this year.....More>>>
In an earlier article, I had no doubts in affirming that Bank Of America (NYSE:BAC) showed a strong upside potential in the medium and long term. Even in the short term I saw good investment opportunities provided they were properly monitored. I wrote this on June 1 at a time when rate hikes were only an expectation. With the Trump administration, interest rates will likely rise quickly, which will....More>>>