Watch stocks you care about
The single, easiest way to keep track of all the stocks that matter...
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of struggling retailer Sears (Nasdaq: SHLD ) fell 18% today, after a terrible earnings report.
So what: Revenue fell 6%, to $8.86 billion, and the company reported an adjusted loss of $1.99 per share. Management tried to put a positive spin on some of the numbers, pointing to a 20% jump in online sales and improving apparel and appliance sales, but the bottom line is that Sears is really struggling.
Now what: The experiment that is a Sears and Kmart combo is falling apart before our eyes. A retailer's worst nightmare is falling sales and, on a company level, I don't see a lot of bright spots. This stock has a "Do Not Touch" sign on it and, unless there's an unforeseen turnaround, I don't see that changing any time soon.
Interested in more info on Sears? Add it to your watchlist by clicking here.