The Fed is frequently in the news, but the institution does a lot more than set interest rates.Read More »
Ross owns more than 1,500 stores in 37 states under the banners "Ross Dress For Less" and "dd's DISCOUNTS," and it's opening more than 80 stores annually at a time when department stores are losing sales and shutting down hundreds of stores. "Their customers are of an older demographic who have been loyal for years and will not be easily taken over by Amazon," said Eric Ervin, CEO of Reality Shares, an ETF issuer and research firm whose funds own holdings in Ross Stores.
When I retired, I had two years of expenses in an emergency fund (it is still there), zero credit-card debt and have lived very frugally on my small pension and Social Security Insurance since then. My FICO score is 780 and the notes on the credit-card report said high limits on multiple cards is a negative. This is not the time to worry about your credit score.
Shares of Cisco Systems (CSCO) closed down about 2% on Thursday, Aug. 18, and closed Friday trading down 2.16% to $30.37 after the company beat on revenue and reported in-line earnings results amid a 4% year-over-year sales drop. There was a different note TheStreet's founder Jim Cramer, who also manages the Action Alerts PLUS charitable trust portfolio, picked up on, though. Speaking on CNBC's "Stop Trading" segment, Cramer pointed out that CFO Kelly Kramer said DRAM prices aren't going down. Rising DRAM prices show that demand is still strong, and this vital input cost hurt Cisco's gross margins, Cramer noted. However, strong demand and rising DRAM prices is good for companies like Micron