With its negative comps. Target also had negative at least negative traffic in the second quarter. But i think theres some companyspecific issues at walmart as well that are contributing to that. Very quickly, in that space of discounters, the dollar stores, walmart, target and others, which one do you like best . Well, ive been big on the dollar stores. Five recommendations on all three. My top pick within that space has been dollar tree and ive been big on the off price apparel space, as well, recommending tjx for some time now. Ross stores, which is the number two off price apparel retailer and i think the numbers in both of those subsectors of retail will continue to look pretty good. Right on through the holidays. Okay. Any disclosures to make, patrick . Do you own any of those stocks, your firm . No disclosure, susie. Okay. Thanks so much for coming on the program. Patrick mckiefer Equity Analyst at mkm partners. Weighing on the market, its no wonder stocks did fall today. The s
But now some smaller shops they think may have peaked and that could be a troubling sign for job growth. We have all that and more tonight on nightly Business Report for wednesday, september 25th. Good evening, and welcome. Call it the walmart effect. If there was ever, ever any doubt about how much walmart matters to the economy, to the stock market, to suppliers and competitors, those doubts were put to rest today. Walmart shares took abrupt 3 dive midday yanking the dow down with it after the press report said the company is cutting orders to suppliers amid sluggish sales and rising inventories. Take a look at an intraday chart of walmart and zero in on that drop. Right there, around 1 30 p. M. Eastern time. As you see, the stock did recover about half of that loss after the company knocked the bloomberg article as, quote, misleading. A spokesman characterized any order pullbacks as category by category, not across the board. Walmart did finish the day about 1. 5 lower on twoandahal
Coming up in the next sixty minutes Roseanne Barr apologizes to colleagues on her show after it was canceled she says shes sorry then jumps off to one of her tweets which of course a bad joke led to the shows consummation. And mexico aims to make the braves after world cup we take a look at how germanys group. Could make history. Conan well welcome to you. Russia has denied any involvement in the murder of a Prominent Russian journalist and critic of president Vladimir Putin in the ukrainian capital kiev a chink o. Had fled into exile following Death Threats ukraine blames russia for the murder moscow has rejected the allegations and demanded a proper investigation of the murder occurred to you bob cenk who was one of the best known walker respondents in russia he was also one of the kremlins fiercest critics the forty one year old Soldier Turned journalist condemned russias annexation of crimea questioned its military involvement in syria and called russia an aggressor. In an intervie