This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Ahead Of The Bell: US Retail Sales

WASHINGTON (AP) â¿¿ Retail sales likely showed a gain in September, helped by solid demand at auto dealerships.

Economists were expecting overall sales to increase 0.8 percent in September, according to FactSet. The Commerce Department will release the report at 8:30 a.m. EDT on Monday.

In August, retail sales rose 0.9 percent, reflecting the fact that consumers paid higher gas prices and bought more cars and trucks. But they were more cautious elsewhere, suggesting that the weak economy may have made them selective about spending.

The retail sales report is closely watched because it is the government's first look at consumer spending each month. Consumer spending accounts for 70 percent of economic activity.

It has increased at a slow pace this year, held back by weak income and job growth for much of the year. Economics have also been concerned that a recent jump in gas prices could leave consumers with less to spend on other items.

U.S. auto companies reported strong demand in September with U.S. sales up 13 percent from a year earlier to nearly 1.2 million. Analysts think sales could hit 14.3 million this year, up 12.8 million last year. Analysts said that low interest rates, aging vehicles that need replacement and popular new models are fueling consistently strong sales this year.

The International Council of Shopping Centers said that 22 nationwide retailers reported that sales were up 3.9 percent in September, according to the International Council of Shopping Centers. That was a slowdown from a 6 percent rise in August. Still, the September results were viewed as offering hope for retailers as they head into the holiday shopping season, a two-month period in which they can make up to 40 percent of their annual revenue.

The overall economy grew at a weak 1.3 percent rate in the April-June quarter and many economists believe that growth showed only a slight improvement to perhaps 2 percent in the July-September period. Growth at that rate is not strong enough to make a significant improvement in unemployment.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,096.90 -106.47 -0.58%
S&P 500 2,098.53 -9.25 -0.44%
NASDAQ 4,967.1410 -12.76 -0.26%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs