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Charles Payne's Regular Media Appearances
Charles is featured on the Fox Business Network Monday-Friday at 2 PM ET on "Making Money with Charles Payne". He is a member and occasional host of "Varney & Co". In addition, he guest-host several shows including "Cavuto on Business" and "Your World".

The "Making Money with Charles Payne" show can also be heard on channel 113 on Sirius radio.

Tuesday, May 11, 2010

Retailers Fall As April Same-Store Sales Disappoint

The Wall Street Journal

Retail stocks were broadly lower Thursday after many reported weaker-than-expected April same-store sales, even as some raised first-quarter earnings guidance based on strength earlier in the quarter.

Expectations going into the results weren't very high--April sales were forecast to show only very modest growth following an extremely strong March that was aided by an early Easter. But many retailers fell short of even those low expectations.
Retail stocks have had a robust run recently as expectations of a more confident U.S. consumer were priced in. Brian Sozzi of Wall Street Strategies said the market has been trained to expect good news.

Link to full article:  http://online.wsj.com/article/BT-CO-20100506-715374.html?mod=rss_Hot_Stocks

 


Posted by Brian Sozzi, Research Analyst


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