-
Company News for May 27, 2010 - Corporate Summary
Thursday, May 27, 2010 - 9:48am | 176• Tiffany (NYSE:TIF) reported first quarter earnings of 50 cents, versus Zacks projections of 36 cents, on a 22.4% revenue gain to $633.6 million, which beat projections of $609 million • Heinz (NYSE:HNZ) beat fiscal fourth quarter earnings by one penny, reporting at 60 cents per share on a 8.3%...
-
Genesco (GCO) Beats Estimates, Raises Guidance
Thursday, May 27, 2010 - 8:34am | 101Retailer Genesco Inc (NYSE: GCO) released financial results on Thursday morning that easily beat Wall Street estimates. Genesco Inc reported that it swung to 1st quarter net income of $8.6 million, or 36 cents per share, from a net loss of $5.6 million, or 30 cents per share, a year earlier....
-
Stocks To Watch For May 27 (JCG, TIF, HNZ, COST, GES)
Thursday, May 27, 2010 - 7:04am | 188Some of the stocks that may grab investors focus today are: Wall Street expects J Crew (NYSE: JCG) to post an EPS of $0.57 for the first quarter. JCG’s shares dipped 5.73% to close at $42.13 yesterday. Tiffany (NYSE: TIF) may report its earnings at $0.35 per share for the first quarter. TIF’s...
-
Dress Barn (DBRN) Profit Doubles, Sales Up 77%
Wednesday, May 26, 2010 - 5:14pm | 120The Dress Barn Inc (Nasdaq: DBRN) released financial results on Wednesday after the market closed that beat Wall Street estimates. The Dress Barn Inc reported that its fiscal 3rd quarter earnings more than doubled to $48 million, or 59 cents per share, up from $23.1 million, or 37 cents per share,...
-
Puts Purchased on TJX
Wednesday, May 26, 2010 - 11:43am | 123Shares of TJX Companies (NYSE: TJX) are lower on the session by 0.11%, currently trading $45.30. The stock has been trading lower over the past few weeks, though markedly outperforming the overall market. In fact, the stock is still holding the 50-day moving average. I am detecting some puts...
-
Put Spread Sold on J Crew (JCG)
Wednesday, May 26, 2010 - 11:40am | 158Shares of J Crew Group Inc. (NYSE: JCG) are lower on the session by 3.96%, currently trading $42.92 after the company was downgraded to Market Perform at BMO Capital. The stock has been a relative outperformer over the past few weeks, though has broken through the 50-day moving average as of late...
-
GCO’s Balance Sheet Leverage Supports Profit Expansion
Wednesday, May 26, 2010 - 10:55am | 190Analysts at Piper Jaffray reiterate their "overweight" rating on Genesco Inc (NYSE: GCO), while raising their estimates for the company. The target price for GCO has been raised from $36 to $37. Analysts believe that Genesco would report its FQ1 results better than expected. According to Piper...
-
American Eagle Outfitters Inc. (AEO) May Search Lower Levels
Wednesday, May 26, 2010 - 9:24am | 153American Eagles Outfitters Inc. (NYSE: AEO), a teen retail company, said Wednesday that its Q1 profit for fiscal 2010 fell to $10.9 million, or 5 cents a share, from $22 million, or 11 cents, a year earlier. Sales in the quarter ended May 1 rose 8% to $659.5 million from $612 million. American...
-
American Eagle Outfitters (AEO) Guidance Dissapoints
Wednesday, May 26, 2010 - 8:34am | 137American Eagle Outfitters Inc (NYSE: AEO) released financial results on Wednesday morning that were in line Wall Street estimates. American Eagle Outfitters Inc reported that its 1st quarter earnings fell to $10.9 million, or 5 cents per share, down from $22 million, or 11 cents per share, a year...
-
Brown Shoe (BWS) Swings To Profit, Beats Estimates
Wednesday, May 26, 2010 - 7:55am | 96Brown Shoe Company Inc (NYSE: BWS) on Wednesday morning released financial results that easily beat Wall Street expectations. Brown Shoe Company Inc reported that it swung to 1st quarter net earnings of $11.2 million, or 26 cents per share, from a net loss of $5.9 million, or 14 cents per share, a...
-
JCG Downgraded To Market Perform At BMO Capital
Wednesday, May 26, 2010 - 6:30am | 43Analysts at BMO Capital Markets downgrade J Crew (NYSE: JCG) from "outperform" to "market perform." JCG’s shares rose 1.04% to close at $44.69 yesterday. More Analyst Ratings here
-
Stocks To Watch For May 26 (JMBA, JAS, NTAP, TIVO, AEO)
Wednesday, May 26, 2010 - 5:40am | 196Some of the stocks that may grab investors focus today are: Wall Street expects Jamba Inc (NASDAQ: JMBA) to post earning of $0.13 per share for the latest quarter. JMBA’s shares declined 0.37% to $2.66 in after hours trading. Analysts are expecting Jo-Ann Stores (NYSE: JAS) to have earned $0.44 in...
-
Look for Opportunity 05-25-2010
Tuesday, May 25, 2010 - 5:55pm | 719Cusick’s Corner The market took a turn higher; this strong move was led by the Financial sector, XLF, off their lows of the day. One catalyst for this move may be the dovish language concerning derivatives in the latest Financial Reform Bill (including Barney Frank’s comments). This circle’s back...
-
Trade with Tight Parameters 05-25-2010
Tuesday, May 25, 2010 - 3:18pm | 752Cusick’s Corner There are a lot of scared investors and traders out there today. We are seeing an enormous spike in emotion and the market seems to be reacting irrationally. While short-term solvency has come into question for some asset classes and countries, I have yet to see or hear a clear,...
-
Consumer Confidence Highest Since March 2008 (ANN, TIF)
Tuesday, May 25, 2010 - 12:28pm | 135The Conference Board's Consumer Confidence Index rose 5.6 points to 63.3 in May. The consensus estimate was looking for a reading of 58.3. The index is now at its highest level since March 2008. Typically, consumer confidence can be predicted based upon changes in the unemployment rate, oil prices...