Another Poor Retail Sales Report

Today we got another poor retail sales report. April sales were unchanged from March. In the last 12 months, retail sales were up a scant 0.9%. One bright spot is that the numbers for February and March were revised higher. When you exclude gasoline, retail sales were again unchanged, and without autos, sales were up 0.1%.

The market is holding onto early gains this morning. Tech stocks are doing especially well. The Tech ETF (XLK) is up 0.77%. That’s good for our Buy List. Qualcomm (QCOM) is up more than 2.2% and Microsoft (MSFT) is up close to 1.5%.

The Dow is trailing due to a big drop at DuPont (DD). The company appears to have won its fight against Nelson Peltz who was trying to get on DuPont’s board. It’s interesting how the company won, but the stock is down more than 6% today.

Posted by on May 13th, 2015 at 10:42 am


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