See It Market: The Retail Rout Continues as Global Stocks Suffer
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- Major retail stocks are in ruins following dreadful stock price reactions to quarterly earnings results.
- Staples stocks, normally seen as a safe haven, were slaughtered this week. There’s no place to hide from risk.
- We feature one household name that lights up our radar as it is late to confirm its reporting date.
- On the upcoming earnings calendar there are several more retailers, including one Staples stalwart, and a few key tech companies.
Traders are again reminded of how important one disappointing earnings report or even cautious words from an executive can be. As earnings season ends, investors look back on the last six weeks in awe of the many single-stock plunges and their market-wide impacts. Risk as a result of information released during key corporate events is a clear and present danger. It seems no stock, apart from maybe the Energy sector, is left unscathed.