Paramount Merger Not Yet Wrapped, BBWI Beats with Lower Guidance

Factory Orders for April are projected to come in less than half of the previous month's tally. Today's consensus ahead of the report is +0.7%, versus +1.6% in March. At least these numbers are still to the positive: four months of the last 12 have posted negative factory order growth. Averaged out over that time, we see +2.1% factory orders growth. While still on the positive side of the graph, these numbers have thus far been consistent with a steadily slowing economy. Specialty retailer Bath & Body Works ...