Sears Holdings (SHLD) was supposed to be the next Berkshire Hathaway. It does not seem to be working out that way. After a poor earnings performance and rough same-store sales, SHLD hit a new 52-week low of $123.54 today. The stock’s 52-week high was $195.18.
Putting Sears and K-Mart together was going to be a good idea. But, then SHLD management found out no one wanted to shop at either place. It’s tough on investors. Even if the company ends up with ten retail chains, if they are not popular, it doesn’t help much. Maybe the company could buy Sharper Image.
The news from Target (TGT) and Lowe’s (LOW) has sent all of the retailers down. It does look like the beginning of a retail recession, and SHLD appears to be leading they way down.
Read also: What A Poor Retailer Sears Is and More Bad News For Sears
Douglas A. McIntyre
Travel Cards Are Getting Too Good To Ignore (sponsored)
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.