Direxion Daily Retail Bull 3X ETF
According to the latest report released on July 16, US retail sales (XRT) rose in June and met the market’s expectations. Retail sales were 0.5% in June.
The United States Census Bureau releases a monthly report on retail sales in the United States. Let’s take a look at the latest data.
Summer months have a tendency to be unfavorable for the stock market. Empirical evidence has shown that average returns for the S&P 500 are negative during summer months.
Revenue and earnings GGP (GGP), a retail REIT engaged in US real estate investment, saw its revenue fall 2% in 2016, compared with 5% in 2015. Growth was driven by management fees and other corporate revenue, and offset by minimum rent, tenant recoveries, and overage rent. Its operating expenses rose 4% in 2016 after a 7% […]
Reasons behind L Brands’ growing yield Specialty fashion retailer L Brands (LB) saw its sales slow between 2013 and 2016. The company recorded revenue growth of 3.5% in 2016, compared with 6% in 2015. The growth was driven by the Victoria’s Secret and Bath & Body Works segments. Whereas its operating income grew 12% in 2015, it […]