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Closing Bell: An Up-Day That Felt Mixed (BJ, CCME, CSCO, EL, FRG, LTD, MRK)

Much of the U.S. was buried in ice-cold weather. Jobless claims improved to levels better than expected, earnings kept coming out, and inflation is slightly higher, as the FOMC wants to see. Ben Bernanke said that things are progressing as expected in quantitative easing and did not exactly signal another round of QE3. Strong retail sales may have carried the day.

Here were today's unofficial closing bell levels ahead of Friday's non-farm payrolls and unemployment data:

Dow Jones: 12,062.26 +20.29 (0.17%)
S&P 500: 1,307.10 +3.07 (0.24%)
Nasdaq: 2,753.88 +4.32 (0.16%)

Top Analyst Upgrades & Downgrades

Continue reading Closing Bell: An Up-Day That Felt Mixed (BJ, CCME, CSCO, EL, FRG, LTD, MRK)

Limited Brands Sells The Limited

The Limited is under Limited Brands (LTD) no more. The retail company unloaded the remaining 25% of the eponymous women's apparel retailer to private equity firm Sun Capital Partners, which already held 75% of the company. The final chunk of the 220-store chain sold for roughly $32 million. Sun bought its initial 75% stake in the name in August 2007.

Sun Capital's influence has been good for The Limited, which posted positive pretax annual earnings for the first time since 1993 (ironically, that's the year when I spent 90% of my allowance on their clothes. Honeycomb sweaters, anyone?).

Continue reading Limited Brands Sells The Limited

Earnings Highlights: Dell, Gap, GM, Home Depot, HP, Sears, Target, Walmart ...

Below are some highlights from this past week's earnings coverage on BloggingStocks. Click through to the original posts for more details.

  • Abercrombie & Fitch Co. (ANF) shares sold off after it posted a narrower Q1 net loss, but same-store sales rose.
  • Applied Materials Inc. (AMAT) swung from a year-ago loss to a Q2 profit that was better than expected.
  • Deere & Co. (DE) reported better-than-expected Q2 earnings and improved sales, and raised its full-year outlook.
  • Dell Inc. (DELL) posted better-than-expected Q1 earnings, but the gross margin was disappointing, and shares fell.
  • GameStop Corp. (GME) higher Q1 earnings beat consensus estimates but same-store sales declined.
  • Gap Inc. (GPS) said its higher Q1 earnings beat expectations while revenue fell in line with estimates.

Continue reading Earnings Highlights: Dell, Gap, GM, Home Depot, HP, Sears, Target, Walmart ...

Limited Brands Sells Off Despite Topping Estimates

limited brands earnings reportLimited Brands (LTD), the parent company of Victoria's Secret, reported better-than-expected numbers Wednesday afternoon for its first quarter, but the stock traded lower in after-hours action.

The company posted earnings of 25 cents per share, beating the 19 cents per share that analysts had been expecting to see. During the same period last year the company earned just a penny per share.

Continue reading Limited Brands Sells Off Despite Topping Estimates

Three Big Reasons to Keep Being Bullish

Some investors have already made up their minds the stock market rally is over. Others are convinced there's nowhere to go but up. Both views are oversimplified market predictions, considering the complicated economic environment.

A closer look at the latest stock market news proves that while things aren't all coming up roses on Wall Street, there are plenty of reasons to be cautiously optimistic the bull market will continue. Here are three of the latest reasons we learned about in the past few days: strong retail sales, strength in one of the worst housing markets and significant increases in corporate spending and dividends.

Continue reading Three Big Reasons to Keep Being Bullish

Before the Bell: Futures Slightly Higher Ahead of Fed

U.S. stock futures advanced somewhat Tuesday as investors turn their attention to the Federal Reserve policy meeting with the upcoming decision on interest rates and the accompanying statement. Meanwhile, investors could sink their teeth on some housing data.

It became clear Monday, after the session closed with stocks little changed, that investors are waiting for the Fed. The Federal Open Market Committee decision is due at 2:15 p.m. Eastern. While the Fed is expected to keep interest rates unchanged near zero, it is the statement that will be in focus. As the economy is improving, the Fed will have to start tightening at some point -- hiking rates -- to combat inflation. The question for investors is when. So far, the Fed has promised to keep rates low for an "extended period." But many expect this language, at least, to change soon, which may pressure stocks lower.

Continue reading Before the Bell: Futures Slightly Higher Ahead of Fed

Earnings Highlights: AIG, Dell, Gap, Heinz, Macy's, RadioShack, Sears ...

Here are some highlights from this past week's earnings coverage on BloggingStocks:

  • American International Group Inc. (AIG) posted a big loss and warned it may require additional assistance.
  • Athenahealth (ATHN) shares sank after it delayed earnings and its annual report, and warned of restatements.
  • Barnes & Noble Inc. (BKS) Q3 sales jumped on popularity of the Nook reader but same-store sales declined.
  • Brocade Communications Systems Inc. (BRCD) disappointing report and guidance caused a sell-off in shares.
  • Dell Inc. (DELL) acquisitions and better-than-expected earnings may not be enough to stop shrinking market share.
  • Gap Inc. (GPS) rose after it beat earnings estimates, raised its dividend and announced stock buybacks.

Continue reading Earnings Highlights: AIG, Dell, Gap, Heinz, Macy's, RadioShack, Sears ...

Limited Brands Q4 Earnings Beat Estimates

Limited Brands (LTD - option chain) shares are rising today after the company reported earnings last night, posting a fourth-quarter profit of $356.11 million or $1.08 per share. Excluding one-time items, LTD earned $1.01 per share on revenue of $3.06 billion. Analysts had forecast a profit of 98 cents per share on revenue of $3.05 billion. Since the rest of the market is in the dumps today, the advances made by LTD stock are even more significant as they have to overcome that downward push. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on LTD.

LTD opened this morning at $22.03. So far today the stock has hit a low of $21.90 and a high of $22.53. As of 1:00, LTD is trading at $22.07 up 53 cents (2.5%). The chart for LTD looks neutral and S&P gives LTD a neutral 3 STARS (out of 5) hold ranking.

Continue reading Limited Brands Q4 Earnings Beat Estimates

The Week in Preview: Eye on Retail: Dollar Tree, Nordstrom, Target and more

Last week, Wal-Mart Stores Inc. (WMT), the world's largest retailer, led off the coming parade of earnings reports from retailers by posting disappointing fourth quarter results. JCPenney (JCP), on the other hand, easily topped earnings expectations.

Many more shopping mall and strip mall stalwarts are scheduled to report results this week. The expectations of analysts surveyed by Thomson Reuters are high for the likes of Sears Holdings Corp. (SHLD) and Macy's Inc. (M), RadioShack Corp. (RSH) and America's Car Mart Inc. (CRMT), to Caribou Coffee Co. Inc. (CBOU) and Cracker Barrel Old Country Store Inc. (CBRL), all expected to report double-digit earnings growth year over year. Here's a look a few of the biggest anticipated earnings winners reporting this week.

Continue reading The Week in Preview: Eye on Retail: Dollar Tree, Nordstrom, Target and more

Express's New Look: An IPO

Even thought its more than 30 years old, Express continues to be a relevant specialty fashion retailer. In fact, it is ranked the number six player in the U.S., with 573 stores.

So this week, Express filed to go public. The company expects to raise $200 million.

Express focuses on a tough demographic; that is, women and men between the ages of 20 and 30. Yes, this is part of the so-called Gen Y crowd, which can be fickle. But it is also a large market and will continue to grow.

Continue reading Express's New Look: An IPO

Valentine's Day Stock #3: Limited Brands (LTD)

Valentine's Day stock #3 -- Limited Brands (LTD)Lingerie is another popular V-Day gift, and Limited Brands (LTD) has the inside track on these sales with its Victoria's Secret stores.

Limited's same-store sales were up 6% in January, thanks to a 17% increase at Victoria's Secret outlets. That's a trend you can take to the bank in February and beyond.

Next: Priceline.com (PCLN)

At the time of this writing, Louis Navellier did not own shares of LTD in personal or client portfolios.

Retailers Enjoy Solid January, Led by Luxury Set

Shoppers spent more time – and money – in malls last month, with many retailers posting on Thursday strong results in what tends to be the final month of their fiscal year. The rich are doing a better job of prying open their wallets, as RetailMetrics, a research firm that covers the industry, reported that luxury retailers such as Saks (SKS) enjoyed larger gains in January than bargain stores. Signs of life in financial markets have made wealthier consumers more willing to spend ... and we all know that a recovery has to start someplace.

Continue reading Retailers Enjoy Solid January, Led by Luxury Set

The Limited (LTD): Breakout Buy in Women's Apparel

The Limited Brands (LTD), which operates both Victoria's Secret and Bath & Body Works, is a sold big cap play in the retail apparel sector," says Leo Fasccioco.

In his Ticker Tape Digest, the technician focuses on stocks that have broken out of basing patterns. He says, "The stock's 12-week, 'W' base is picture perfect. The breakout on the gap move is ideal."

Continue reading The Limited (LTD): Breakout Buy in Women's Apparel

Retailers Post Solid December, but Consumer Still Strapped

Retailers appear to have been rescued at the last minute, according to data from the International Council of Shopping Centers. Shoppers looking for deals the week before Christmas -- and making up for the day lost to stormy weather on the East Coast -- spent aggressively, sparing the retail sector a dismal 2008-like performance.

The healthy conclusion to the holiday season led to a positive change from November and made December one of only three months (including September and October) in which retail sales increased year-over-year.

Continue reading Retailers Post Solid December, but Consumer Still Strapped

Retail hiring up from last year, but still well below average

Sluggish retail sales in November didn't stop retailers from adding bodies. A report by outplacement consulting company Challenger, Gray & Christmas, reavealed to BloggingStocks, shows that retail sector payrolls grew to 321,300 in November, an improvement from the previous month's 233,700. This follows 54,200 retail hires in October, bringing the total number of seasonal retail employees up to 375,500. Already, that comes close to the 384,300 hired from October through December in 2008. The analysis is based on data supplied by the Department of Labor.

High expectations for the holiday season likely contributed to the up-tick in hiring. The estimated 0.5% growth from Black Friday 2008 to Black Friday 2009 was a disappointment, and November sales were off 0.3%, surprising analysts, who expected the trend to go in the other direction. Costco (COST) and Limited Brands (LTD) came out ahead, but most retailers, including Target (TGT) and Macy's (M) struggled. Saks (SKS) is also suffering from an anemic luxury goods market.


Continue reading Retail hiring up from last year, but still well below average

Next Page »

Symbol Lookup
IndexesChangePrice
DJIA-133.0512,757.41
NASDAQ-21.142,906.09
S&P 500-11.651,340.30

Last updated: February 10, 2012: 10:19 AM

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