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retail data posts

Retail Sales Slip During June

Posted Jul 14th 2010 10:00AM by Mark Fightmaster (RSS feed)
Filed under: Economic Data, Financial Crisis

U.S. retail sales dropped 0.5% during June to a seasonally adjusted $360.2 billion, the Commerce Department announced Wednesday. This data is seen as evidence that the American economy has slowed further. Sales fell for the second month in a row.

The good news is that sales were 4.8% higher when compared to June 2009, and that for the first half of 2010, retail sales were 6.5% higher compared to last year. The decline was somewhat expected following retailers sales reports for the month. Economists had expected a drop of 0.4%.

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Checking on sales at Aeropostale and Abercrombie & Fitch

Posted Nov 5th 2009 12:30PM by Mark Fightmaster (RSS feed)
Filed under: Abercrombie and Fitch (ANF), American Eagle Outfitters (AEO)

Could we see a bit of a drop from American Eagle Outfitters (NYSE: AEO) today? The retailer announced that its October same-store sales fell 5%, when the Street expected an increase of 1.7%. This disparity certainly seems to suggest that we could see the stock fall in today's trading action. The equity may find a measure of support from its 10-week moving average, which has filled this role throughout the stock's calendar-year rally. There seems to be some long-term support from AEO's 10-, 20-, and 50-month moving averages; all of which are in the $15 -$17 region. If the stock is going to fall, this support could be crucial. A drop through this resistance could spell a stock slide.