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  • Morning Jolt: Sears Has Finally Admitted That It's Dead
    Business
    The Street11 hours ago

    Morning Jolt: Sears Has Finally Admitted That It's Dead

    Kudos to Sears Holdings Corp. (SHLD) for finally admitting what everyone already knew: it's almost dead.  As TheStreet broke the news on Twitter Tuesday evening, Sears indicated in its newly filed annual report that "substantial doubt exists related to the company's ability to continue as a going concern." For those clickbait-loving headline writers out there with no financial services training: what Sears essentially said is that yes, it's unsure if it could stay in business. Well, duh. Sears' cash position has melted from a high point of $1.7 billion for the 2009 calendar year to a mere $286 million to close out 2016. Revenue hasn't grown since the credit boom lifted all ships in retail in

  • The Stock Market Could Still Blow Up, and These Two Sectors Hint at It Happening Real Soon
    Business
    The Street10 hours ago

    The Stock Market Could Still Blow Up, and These Two Sectors Hint at It Happening Real Soon

    Don't get lulled into thinking the major market selloff on Tuesday was a one-off.  Without question, the fact stocks didn't fall through a trap door on Wednesday was a feather in the caps of the bulls. All the elements were in place for a follow-through plunge: a vicious, cowardly attack out front of the U.K. Parliament, rising fears on the Trump/Ryan healthcare bill passing and a growing number of forecasters coming out from under their rocks to proclaim the bull market is about to die. Not helping matters was a continued drumbeat of retail death stories such as Payless possibly closing 500 stores, Bebe (BEBE) on the verge of shuttering 170 stores and Sears Holdings'  (SHLD) CFO spreading #fakenews

  • 15 Big Losers From When Sears Eventually Dies
    Business
    The Street15 hours ago

    15 Big Losers From When Sears Eventually Dies

    Kudos to Sears Holdings Corp. (SHLD) for finally admitting what everyone already knew: it's almost dead. As TheStreet broke the news on Twitter Tuesday evening, Sears indicated in its newly filed annual report that "substantial doubt exists related to the company's ability to continue as a going concern."  Sears' cash position has melted from a high point of $1.7 billion for the 2009 calendar year to a mere $286 million to close out 2016. Revenue hasn't grown since the credit boom lifted all ships in retail in 2006. The company hasn't generated cash flow from its operations since 2006. "With negative news like this, it's never good for confidence on the company," Moody's VP Christina Boni told