Consumer Goods Sector Report
Major news for auto manufacturers is the March sales report. For Toyota, the March sales showed the foreign auto company is closer than ever to edging Ford out of its #2 spot for auto sales. Sales of the Puris doubled and sales also increased for the company's Lexus bran. Toyota's total car sales jumed 11% from a year ago. Meanwhile Ford and DiamlerChrystler sales fell around 5% each.
Tiffany's 10K was released on March 30th. For 2006 sales increased 11% tp $2.6 billion, but net earnings of $254 million were about equal to 2005.
No new news for Cherkee, the stock is up today .
In news regarding the whole consumer goods sector, The consumer confidence index for March came out on the 27th, it was down to 108 from 112.5. This drop in confidence can be attributed to the higher gas prices and lower stock prices that prevailed at the time of the survey, in early March. Generally, as long as the job market is strong there won't be a huge drop in consumer confidence--if they feel secure with jobs they'll keep shopping. Still, some forcast this index to continue dropping.
Tiffany's 10K was released on March 30th. For 2006 sales increased 11% tp $2.6 billion, but net earnings of $254 million were about equal to 2005.
No new news for Cherkee, the stock is up today .
In news regarding the whole consumer goods sector, The consumer confidence index for March came out on the 27th, it was down to 108 from 112.5. This drop in confidence can be attributed to the higher gas prices and lower stock prices that prevailed at the time of the survey, in early March. Generally, as long as the job market is strong there won't be a huge drop in consumer confidence--if they feel secure with jobs they'll keep shopping. Still, some forcast this index to continue dropping.
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2:19 PM
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