- Chart of the Week: The six greatest investors of all time.
- BlackRock Blog: Three ways men and women make different investment decisions.
- Harvard Business Review: Three mistakes to avoid when networking.
- Slate: How the burrito is the future of the American economy.
- Freakonomics: Want to win Olympic medals? Fix your economy.
- Business Insider: What's inside the $85,000 Academy Awards nominee gift bag?
- Quartz: Will J. Crew have an IPO, be sold, or merge (with Uniqlo)?
- Modern Luxury: Young banking bros are heading West.
Domino's Pizza's (NYSE:DPZ) earnings were double-stuffed like their crusts, jumping 18% from last year as the chain opens up new ovens internationally. The U.S. market is tight-packed with pizza spots, from your favorite $1-a-slice deal to luxurious brick-oven operations, so the 570-plus new stores abroad are bringing home the bread for Domino's.
2. ... and the fourth-quarter earnings loser
Target (NYSE:TGT) earnings slid a whopping 46% after the 40-million-credit card security breach in November -- that $520 million drop in profits is the result of a 3.8% sales dip.
3. Mergers, acquisitions, deals, and IPO drama
In the world of suits, Jos. A. Bank Clothiers (NASDAQ:JOSB) rejected the takeover offer from competitor Men's Wearhouse (NYSE:TLRD), which was for $1.8 billion plus six free jackets -- though Joseph says it's still open to a merger. J. Crew got pseudo-hipster investors nationwide drooling on rumors that it was exploring IPO options with several major banks. And Netflix (NASDAQ:NFLX) struck a Hollywood-worthy deal with cable mammoth Comcast to use its massive broadband network, improving streaming service to its 33 million American subscribers.
For all of 2014 so far, the two things we've referenced the most are our support of the U.S. men's ice hockey team and the absurd degree to which winter temperatures have been affecting U.S. econ data, from manufacturing to the housing market to retail sales. Well, on Thursday, in testimony to the Senate Banking Committee that had ironically been delayed because of the Valentine's Day blizzard, new Federal Reserve Chairwoman Janet Yellen discussed how multiple polar vortexes had affected consumers -- and slightly slowed the New Year's economy.
5. ... And econ data was mixed
Speaking of econ data, most economic indicators for the U.S. have been unimpressive over the past six weeks, despite all the momentum of 2013. This week, however, featured a mixed batch of reports that surprised most investors. On the downside, U.S. fourth-quarter GDP for the final three months of 2013 was revised down from 3.2% growth to a 2.4% pace, while consumer confidence levels slipped slightly in January, according to research firm The Conference Board. And while December home prices surged more than 13%, making 2013 the biggest annual gain since 2005, sales of new homes unexpectedly jumped 9.6% when analysts had expected a slowdown.
What MarketSnacks is checking out this week:
- Monday: Motor vehicle sales, ISM Manufacturing Index
- Tuesday: Fed President Jeffrey Lacker speaks; earnings: RadioShack
- Wednesday: The Fed's Beige Book; ADP February employment report; earnings: Adidas
- Thursday: Weekly jobless claims; earnings: Skullcandy
- Friday: February non-farm payrolls report
As originally published on MarketSnacks.com
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