Instead of hearing about gas woes, we actually saw a handful of companies raise their earnings estimates. That was a nice surprise.
More Quotes from Ken Perkins:
Sales of men's apparel has been lagging for some time. Men usually don't shop as frequently as women. When they do, there's only so much of casual clothes men really need.Ken Perkins
For the past two to three years, this sector is struggling very hard in terms of trying to excite the consumer, with the exception of the high-end players like Nordstrom or Neiman Marcus.
Ken Perkins
If numbers are better than expected and the news is good for second quarter outlooks, then we could rally on that. But I think the results are pretty much baked into the cake here.
Ken Perkins
If the price of oil remains between 45 to 50 a barrel, that's not a good sign especially if we experience a very cold winter. Heating oil prices will go up and that's likely to dampen consumer spending during the winter months.
Ken Perkins
I thought the result would have been a little more even because of the dire news that we were getting after Thanksgiving about slowing sales. So this (sales showing) is a pleasant surprise,
Ken Perkins
Consumers really felt the pinch of higher gas prices and job growth is stagnant.
Ken Perkins
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