Brands Rise

Indices traded into green territory on Thursday. Telecom and consumer staples brands led the advance. Walmart tacked on 0.72% today on better-than-expected quarterly details. The discount retailer reported earnings of $1.29 per share versus an expected $1.22. Revenue hit $128.03 billion versus an anticipated $125.97 billion. On another note, initial jobless claims decreased last week.…

Red Results

Indices ended trading in the red zone on Wednesday. Brands rebounded off session lows on a variety of economic news. Retail sales ticked up in July. Sales climbed 0.5% in total and 0.6% discounting car sales. On another note, industrial production increased just 0.1% in July, while the level for June was upwardly revised. Looking…

Stocks Step Up

Consumer discretionary and financial brands led advancers on Tuesday. Stocks stepped up on news that Turkey’s currency crisis has stabilized. In earnings moves, Home Depot dipped 0.54% today after reporting second-quarter earnings of $3.05 a share versus forecasts of $2.85. Additionally, the home-improvement giant boosted its full-year outlook for revenue and same-store sales. On another…

403 (b) Plans: The Basics

Retirement plans established under Section 403(b) of the Internal Revenue Code, commonly referred to as “403(b) plans or “tax-sheltered annuities,” have become a popular type of employer-sponsored retirement plan. What is a 403(b) plan? A 403(b) plan is a retirement savings plan, sponsored by a tax-exempt organization or public school, that offers significant tax benefits…

Brands Retreat

Indices landed in red territory on Monday. Energy, materials and financial brands led decliners on the S&P 500. Stocks slipped amid continued concern over economic troubles in Turkey. On another note, crude oil dipped. West Texas Intermediate crude shed 0.5% today to settle at $67.27 a barrel. Looking ahead, earnings reports are due this week…