Thursday, January 26, 2012

What a Key Indicator Says About the Direction of U.S. Stocks

According to Reuters, retailers offering the sharpest discounts got the lion’s share of this year’s holiday customers. CostCo (COST)  and Wal-Mart (WMT) made the list.
The Wall Street Journal writes that a final push by retailers may bring a reasonable end to the holiday sales season.
The Wall Street Journal writes that there is a strong new interest in "blank check" IPOs.
The New York Times writes that Target (TGT) is having an especially rough holiday season.
The FT writes that Cisco (CSCO) has begun the work of wiring entire cities.
The FT writes that heavy use of hte internet on the Apple (AAPL) iPhone has raised hope that carriers can begng to being in billions for non-voice services.
Bloomberg writes that holiday e-commerce spending its trailing forecasts.
CNN Money writes that News Corp (NWS) will sell eight TV stations for $1.1 billion.