We seem to be reciting Mark Twain's famous "The report of my death..." quote on a daily basis as investors overreact and look for that straw that will break the bull market's back. Well, today that mantra seemed to especially apply to the world of retail as the sector has been left for dead.
Someone forgot to tell TJX Cos. (TJX) , the company behind T.J. Maxx and Marshalls, as the retailer reported better-than-expected earnings for the second quarter, bucking the retail trend that has dragged down many of its peers.
While the rise wasn't felt sector-wide -- see below for the tale of Dick's Sporting Goods Inc. (DKS) -- TJX second quarter earnings provide a bright spot for some in retail, especially those that are able to stay price competitive with Amazon.com Inc. (AMZN) .
So while Wall Street remained focused on the changing face of retail, TheStreet.com continued to monitor one of its most heated rivalries: that between chipmakers Advanced Micro Devices Inc. (AMD) and Nvidia Corp. (NVDA) . Nvidia's dominance of the high-end gaming GPU space, where a big portion of the PC GPU market's profits are earned, remains strong, but AMD, however is pushing forward with a secret weapon of its own. AMD's new Ryzen processors launched in March are selling better than rival chips from Intel Corp. (INTC) , which could help the company in its head-to-head battle with Nvidia.
Much is being made of the trouble brewing in auto loans, but have you heard about the consumer credit-card debt crisis facing lenders such as Synchrony Financial (SYF) and Capital One Financial (COF) ? The fall-out could also be felt by other large lenders.
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