Posts for Ticker ‘SHLD’

Thursday Earnings Retail Bonanza (DKS, FL, GPS, ROST, SHLD, BKE, PLCE, WTSLA, WSM, ZUMZ)

The earnings season is mostly winding down, but we still have a slew of retail earnings in the apparel and home categories.  On Thursday alone, we have earnings from Dick’s Sporting Goods Inc. (NYSE: DKS), Foot Locker Inc. (NYSE: FL), Gap Inc. (NYSE: GPS), Ross Stores, Inc. (NASDAQ: ROST), Sears Holdings Corporation (NASDAQ: SHLD), The Buckle (NYSE: BKE), The Children’s Place Retail Stores, Inc. (NASDAQ: PLCE), Wet Seal Inc. (NASDAQ: WTSLA), Williams-Sonoma (NYSE: WSM), and Zumiez, Inc. (NASDAQ: ZUMZ).

We have compiled data and analysis here using Thomson Reuters consensus estimates, recent metrics offered by the companies, relative performance, and more.  As with what we have seen at most retail and apparel earnings this week and last, many of these are richly valued and probably cannot just hope to please the bulls by meeting estimates on cost cutting and inventory management and then giving cautious guidance.
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Posted on: November 18, 2009 – 3:38 pm in Apparel, Calendar, Earnings, Retail, , , , , , , , , ,

Retail & Apparel Earnings Dominate Next Week (SKS, BJ, GYMB, ANN, DKS, FL, GPS, SHLD, PLCE, WTSLA, ZUMZ)

Bull and Bear ImageIt seems that earnings season is winding down, but next week we have many of the key retail and apparel players reporting earnings.  Saks Incorporated (NASDAQ: SKS), BJ’s Wholesale Club Inc. (NYSE: BJ), Gymboree Corp. (NASDAQ: GYMB), and Ann Taylor Stores Corp. (NYSE: ANN) are all reporting next week.  Next Thursday may feel like a retail and apparel earnings bonanza as we have Dick’s Sporting Goods Inc. (NYSE: DKS), Foot Locker Inc. (NYSE: FL), Gap Inc. (NYSE: GPS), Sears Holdings Corporation (NASDAQ: SHLD), The Children’s Place Retail Stores, Inc. (NASDAQ: PLCE), Wet Seal Inc. (NASDAQ: WTSLA), and Zumiez, Inc. (NASDAQ: ZUMZ) all reporting earnings in one day.

We have provided estimates from Thomson Reuters, recent sale store sales data, share performance, and added color on what else to consider where applicable.
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Posted on: November 13, 2009 – 11:36 am in Apparel, Calendar, Earnings, Retail, , , , , , , , , , ,

Media Digest 11/3/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   The value of the yuan could cause a trade war between the US and China.

Reuters:   Executive pensions rose despite drops in stock prices.

Reuters:   Lloyds will make a large stock offering.

Reuters:   Stanley Works (NYSE:SWK) bought Black & Decker (NYSE:BDK) for $3.46 billion.

Reuters:   CIT’s (NYSE:CIT) exit from bankruptcy is not clear.

Reuters:   UBS (NYSE:UBS) posted a loss and wealth management clients continued to leave.

Reuters:   Ford (NYSE:F) posted a surprise profit.

Reuters:   Manufacturing and pending home sales both rose.

Reuters:   Volker said the economy could not rely on consumer spending.

Reuters:   The commercial real estate business is still in deep trouble.

WSJ:   Toyota (NYSE:TM) expects a monthly sales decline.

WSJ:   IllyCaffè SpA will work with local coffee shops to compete with Starbucks (NASDAQ:SBUX).

WSJ:   The head of the IMF says financial firms are going back to old practices.

WSJ:   Blu-ray makers are becoming more involved with web video.

WSJ:   Research-in-Motion (NASDAQ:RIMM) is the focus of a number of bearish comments.

WSJ:   Schwab (NASDAQ:SCHW) is making a push into ETFs.

WSJ:   GM’s board will revisit the Opel sale.

WSJ:   Microsoft (NASDAQ:MSFT) Office faces inexpensive versions of similar software.

WSJ:   Sears (NASDAQ:SHLD) may need to get cash from its Canadian operation which presents challenges.

WSJ:   Problems are beginning to appear in the financials of Chinese banks.

WSJ:   Business bankruptcies rose 7% in October.

NYT:   The US will allow GM to use federal money to put into Delphi.

NYT:   The Supreme Court is looking at fees advisors charge mutual funds.

NYT:   The Senate is pushing insurance companies on the amount of premiums they actually spend on care.

NYT:   Goldman Sachs (NYSE:GS) may buy tax credits from Fannie Mae (NYSE:FNM)

FT:   The Fed has asked banks to adopt it new pay rules early to cover 2009 compensation.

FT:   Ebay’s (NASDAQ:EBAY) PayPal has opened doors to outside developers.

Bloomberg:   The next head of Bank of America (NYSE:BAC) may be based in NYC.

Douglas A. McIntyre

 

Posted on: November 3, 2009 – 3:55 am in Press Digest, , , , , , , , , , , , , ,

Wal-Mart (WMT): More Toy Price Cuts And Big City Dreams

WMTWal-Mart (NYSE:WMT) becomes more aggressive in soliciting new customers and undercutting rivals as each week passes. It has the balance sheet and retail locations to do those things.

The world’s largest retailer recently cut the prices of 100 toys below $10 and brought the price that it charges for popular e-books under $10 to take market share from Amazon (NASDAQ:AMZN).

Wal-Mart knows that this holiday retail season will probably be very weak because of unemployment and lack of access to credit for many consumers, so it is not finished offering bargains to bring in customers. Read More »

Posted on: November 2, 2009 – 6:01 am in Retail, , , ,

Martha Stewart & Kmart Get a Divorce (MSO, SHLD, HD)

Martha Stewart ImageMartha Stewart Living Omnimedia Inc. (NYSE: MSO) has just released a headline titled “Martha Stewart Living Omnimedia Issues Statement.”  Unfortunately, this ’statement’ is that the relationship between Martha and Sears Holdings Corporation (NASDAQ: SHLD) in Kmart is not being renewed.  We suspected something of this magnitude when the The Home Depot, Inc. (NYSE: HD) pact was signed, and that now appears to have been the last straw.
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Posted on: October 16, 2009 – 2:29 pm in Retail, , ,

Retail Job Picture For Holidays Worsens

AnnThere has been some hope that with a modest recovery from the recession that holiday retail sales would pick up this year. Those hopes appear to be premature. The high levels of unemployment and lack of consumer access to credit may make this Christmas season even worse than last.

The difficulties in the retail sector are going to hurt the jobs market, particularly between now and the end of the year. Read More »

Posted on: September 24, 2009 – 5:50 am in Retail, , , , ,

Martha Stewart Lands at Home Depot (MSO, HD, SHLD, M)

Martha Stewart ImageHD LogoMartha Stewart Living Omnimedia Inc. (NYSE: MSO) has a new exclusive product lineup partner. We still want to know where Martha will end up after the K-Mart deal she has with Sears Holdings (NASDAQ: SHLD) expires, although a new partnership unveiled today does not specifically address that question and does not sound  “exclusive” despite the term being used.

The Home Depot Inc. (NYSE: HD) announced an agreement today with Martha Stewart Living Omnimedia to develop an exclusive Martha Stewart Living brand of home improvement products.  It was not noted that this will have any impact on the K-Mart agreement and it still notes that Macy’s Inc. (NYSE: M) is one of the many retailers where Martha Stewart products will be available.
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Posted on: September 14, 2009 – 4:40 pm in Consumer Goods, Entertainment, Housing, Luxury, Product Review, Retail, , , ,

Media Digest 9/7/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Markets in Asia and Europe were mostly higher with many up over 1%. Cadbury rose on an offer from Kraft (KFT). Rio Tinto (RTP) rose.

Reuters:   Kraft (KFT) bid $16.7 billion for Cadbury.

Reuters:   China Trust bid $2.4 billion for AIG’s (AIG) Taiwasn unit. Read More »

Posted on: September 7, 2009 – 6:58 am in Press Digest, , , , , , , , , , , , ,

Top Day Trader Alerts (AMD, ARIA, SIRI, SBGI, CHIC, SHLD)

We are seeing several key stocks trading very activiely and at key levels this morning.  These are this morning’s top day trader and active trader alerts, and more detailed price and volume data has been linked to on each stock over at VSInvestor.com:

Advanced Micro Devices Inc. (NYSE: AMD) is up about 5% on this morning’s upgrade from Citigroup.

Ariad Pharmaceuticals Inc. (NASDAQ: ARIA) is running up over 10% after confirming some news in its patent case after this was one of the more active gainers after the close on Friday.

SIRIUS XM Radio Inc. (NASDAQ: SIRI) is trying to make its rally continue for a fifth straight day.

Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) is now up almost 50% in two days if this morning’s gain hold.

Charlotte Russe Holding Inc. (NASDAQ: CHIC) is up 26% on exponential volume after a private equity merger finally came to its front door.

Sears Holdings Corporation (NASDAQ: SHLD) is taking out last week’s lows after Barron’s panned the stock as “Washed Out” on poor earnings.

-The 24/7 Wall Street Team

If you want reminders on the top day trader alerts throughout the week, you can always join our open email distribution list.

Posted on: August 24, 2009 – 9:05 am in Pre-Market Activity, Trading Alert, , , , , ,

The Unusual Suspects (MELA, FSLR, GENZ, GERN, JEC, SHLD, SIRI, CRM, SPPI)

bull-and-bear-imageIt’s the weekend, and that brings about the review of “the unusual suspects” for strange activity or for being key stocks under review for the week ahead.  There are some old hat names here and some new unknown names that will be key.  We have Electro-Optical Sciences, Inc. (NASDAQ: MELA), First Solar, Inc. (NASDAQ: FSLR), Genzyme Corp. (NASDAQ: GENZ), Geron Corp. (NASDAQ: GERN), Jacobs Engineering Group, Inc. (NYSE: JEC), Sears Holdings Corporation (NASDAQ: SHLD), SIRIUS XM Radio Inc. (NASDAQ: SIRI), Salesforce.com (NYSE: CRM), and Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) all under review for the week ahead.
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Posted on: August 22, 2009 – 11:16 am in Calendar, Earnings, Editor's Picks, The Week, Trading Alert, , , , , , , , ,

Top Day Trader Alerts (PETM, GOOG, STP, NTAP, SHLD, EDAP)

These are this Tuesday’s top day trader and active stock alerts.  We have more detailed data on volume and price analysis with links through to VSInvestor.com on each stock:

PetSmart Inc. (NASDAQ: PETM) was dropping worse than last night and down almost 12% after beating earnings but giving weak guidance.

Google Inc. (NASDAQ: GOOG) is trading up close to 2% after a Goldman Sachs upgrade this morning.

Suntech Power Holdings Co. Ltd. (NYSE: STP) was down but then traded up marginally despite a huge earnings drop and a weaker than prior target Megawatt shipment goal.

NetApp, Inc. (NASDAQ: NTAP) is one of the more active issues and down close to 5% after beating earnings.  Guidance was not very committed and its CEO being replaced sent shares scrambling.

Sears Holdings Corporation (NASDAQ: SHLD) is down over 10% as Wall Street does not want to see any more losses from Lampert and friends.

EDAP TMS SA (NASDAQ: EDAP) was an exponential runner late yesterday and is up another 20% this morning on what is already exponential volume.

-The 24/7 Wall Street Team

Posted on: August 20, 2009 – 9:06 am in Pre-Market Activity, Trading Alert, , , , , ,

The Fates Conspire Against The Housing Market

houseTwo pieces of information came into the market today, both about the trouble housing situation. The foreclosure filings and the interest rates on 30-year fixed rate mortgages affect the housing market in different but disturbing ways. Read More »

Posted on: August 14, 2009 – 4:52 am in Economy, Housing,

K-Mart To Offer Discounts To The Unemployed

houseSeveral car companies have offered to make monthly payments for new auto buyers who lose jobs. Hyundai even has a program to take some vehicles back if their owners can’t find work.

The K-Mart division of Sears (SHLD) is joining the parade of firms hoping to aid those down on their luck. According to the FT, the program will start in Michigan, the hardest-hit state where joblessness is above 14%. It is also the home of K-Mart’s former parent. Read More »

Posted on: July 2, 2009 – 4:46 am in Retail,

Media Digest 7/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   California declared a financial emergency.

Reuters:   An SEC attorney raised concern about a Madoff report in 2004.

Reuters:   Auto parts supplier Lear filed for bankruptcy.

Reuters:   NYC apartment sales are down more than 50%.

Reuters:   Beijing Automotive will bid for Opel.

Reuters:   GM told a judge asset sales was its only option. Read More »

Posted on: July 2, 2009 – 3:04 am in Autos, Banking, China, Compensation, Economy, Emerging Markets, FDA, Internet, Metals, Oil & Gas, Press Digest, , , , , , , , , , , , , , , , ,

Sales At Ann Taylor (ANN) Hold Steady

Ann

Over the past week, the 24/7 Wall St.–The Channel Checkers poll surveyed Ann Taylor (ANN) locations to gauge business trends at the ten retailers.  We asked the following questions:

1. On a scale of 1-5 with 5 being best how would you say business is at your store now?

2. Do you have any excess inventory that will go on sale soon?

3. Do you believe the weak housing market and economy are hurting sales at your store?

4. What is the average customer bill? Read More »

Posted on: June 10, 2009 – 4:00 am in Research, Retail, , , ,

Wal-Mart (WMT) Becomes The Nation’s New Employment Agency

WinterMany big-box retailers including Best Buy (BBY), Target (TGT), and Costco (COST) are struggling as the recession beats down their same-store sales. General retailers such as Sears (SHLD) are not faring any better. That means that the layoffs in the retail industry, which have already been extensive, are likely to continue, especially if the 2009 holiday season is weak.

Wal-Mart (WMT) is at the other end of the spectrum, by itself. The world’s largest retailer says it will add 22,000 jobs at US Wal-Mart stores this year. That is down slightly from 2008, but in an economy that is forcing hundreds of thousands of people out of work each month, it is extremely impressive. Read More »

Posted on: June 4, 2009 – 4:46 am in Retail, , , , ,

Revisiting Sears, Salvation Is Near (SHLD)

Sears LogoSears Holdings Corporation (NASDAQ: SHLD) is trading up sharply this morning after the retailer and part-time hedge fund managed to post positive earnings after the close on Thursday.  This is a stock we had called as a retail stock to double by the end of the recession just on March 11.  We now face a dilemma over where the fair value of the company is after we have seen almost all of our upside price targets achieved eighteen months sooner then we expected.
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Posted on: May 22, 2009 – 7:24 am in Earnings, Retail, Trading Alert,

Media Digest 5/22/2003 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Chrysler is already seeing positive effects from bankruptcy.

Reuters:   The US is working with GM (GM) on a Chapter 11 filing as the June1 deadline looms.

Reuters:   Pimco’s Gross says US is at risk of losing its AAA rating.

Reuters:   The US closed BankUnited and sold it to private equity interests.

Reuters:   AIG’s (AIG) Liddy stepped down as CEO.

Reuters:   The trillion dollar bailout is beginning to shake market confidence in the US economy.

Reuters:   New reports show the US has a bumpy road ahead as it moves toward recovery. Read More »

Posted on: May 22, 2009 – 2:58 am in Autos, Banking, Cable Companies, Consumer Electronics, Earnings, Economy, International Markets, Labor & Unions, Management Change, Mergers and Buy Outs, PC Companies, Pharmaceuticals, Press Digest, Private Equity, Retail, , , , , , , , , , , , , ,

Ten Women Who Should Be Big Company CEOs

jp-morganTwelve of the Fortune 500 CEOs are women. Just twelve. Over the next year, that number is likely to go up considerably because of a confluence of economic and financial factors that have not existed in years. The first of those is that because of the economy there will probably be higher turnover rates of chief executives at large companies. Next, there are a relatively large number of extremely talented women in the tier of senior management just below the CEO level.  Many of these women who are in the No.2 or No.3 spots at their firms are the same age or older than their current CEOs.  It is then very unlikely that they will become CEO at their current firm. Read More »

Posted on: May 6, 2009 – 8:46 pm in Airlines, Banking, Management Change, Retail, , , , , , , , , , , , , , , , , , , , , , , , , , ,

Can The Weak Stocks Catch Up Now? (MSFT)(HPQ)(CSCO)(INTC)(SHLD)(JWN)(TGT)(XOM)(BP)(COP)

sunset3The person who first said that a chain is only as strong as its weakest link has never lifted a V8 out of a Ford Mustang. But, the analogy works in most cases and now, as much as ever in the last year, it gets to be tested in the stock market.

The S&P 500 is up 25% in just over three weeks. Many analysts say that there is no reason that the run-up should be so sharp. The rally would be more “sustainable” if the climb was gradual and slower. That is probably true. Cautious investors are inclined to sell stocks that move up quickly to lock in profits. They are afraid that the market can’t go up forever. Those sentiments undercut future advances in stock prices. Read More »

Posted on: April 3, 2009 – 4:23 am in Banking, Drug companies, Most Actives, Oil & Gas, Technology Companies, , , , , , , , , ,