Actionable news
All posts from Actionable news
Actionable news in GPS: THE GAP Inc,

The Week Ahead: Will Crude Oil Prices Rebound and Rescue the Market?

After yet another volatile week of energy price fluctuations, it appears that crude oil is gearing up to play the role of stock-market cavalry. As sectors such as retailing and financial services struggle, the rebounding energy patch just might rescue investors.

GAP (GPS - Get Report) last week reported that comparable sales for March 2016 were down 6%, compared to a 2% increase last year. GAP shares plunged a staggering 13.84% on Friday and have declined nearly 20% over the last five days, presaging more troubles ahead for a slowing retailing sector. The retailer also warned that it...