Stocks News : Retail Stocks Sales Data for May Disappoints (WMT, TGT, DG, F)

The Commerce Department today reported that retail sales for the month of May dropped 1.2%. Auto sales in the month of May were down 1.7%, while excluding autos, sales were down1.1%. The disappointing results have raised fresh concerns about the economic recovery. The drop in retail sales resulted in the Dow opening lower today, with retail stocks having a mixed opening.

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Wal-Mart Stores Inc. (NYSE: WMT) is down 0.02% to $51.21 in early trading today. The stock opened at $50.97. The stock has a 52-week range of $47.35-$56.27.

The Wal-Mart Stores inc. stock has a 50-day moving average of $52.84 and a 200-day moving average of $52.27. The support level for the stock is at $50.34, while the resistance level is at $51.58.

Target Corporation (NYSE: TGT) is up 0.47% to $53.86. The stock opened at $53.31 and reached a high of $53.89 in early trading today. The Target Corporation stock has a 52-week range of $36.36-$58.52.

The Target Corporation stock has a 50-day moving average of $55.09 and a 200-day moving average of $50.61. The support level for the stock is at $52.37, while the resistance level is at $54.40.

Target Corporation has raised its quarterly dividend by 47%.

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Dollar General Corp. (NYSE: DG) is down 0.07% to $29.96 in early trading today. The stock opened at $29.69 and reached a high of $29.98 in early trading. The stock has a 52-week range of $21.30-$31.41.The Dollar General Corp. stock has a 50-day moving average of $28.79

Dollar General this week reported a 64% increase in its first-quarter net income.

Ford Motor Company (NYSE: F) is down 0.35% to $11.35 in early trading today. The stock opened at $11.23 and reached a high of $11.41 in early trading. The stock has a 52-week range of $5.21-$14.57.

The Ford Motor Company stock has a 50-day moving average of $11.34 and a 200-day moving average of $10.38. The support level for the stock is at $11.19, while the resistance level is at $11.70.

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