Posts for Ticker ‘ZLC’

Charts vs. Fundamentals: How High Can Gold Go? (GG, ZLC, GLD, GDX, ABX)

Gold ImageThis morning’s move in gold may have seemed like an anomaly as gold briefly traded up over $970.00 per ounce.  The shiny yellow stuff rose $2.28 at $964.78 as of 10:42 AM EST.    What is interesting is how the companies and instruments around the shiny metal have been trading and what they have been reporting.  Gold Fields (NYSE: GG), Zale Corp. (NYSE: ZLC), SPDR Gold Shares (NYSE: GLD), Market Vectors Gold Miners ETF (NYSE: GDX), and Barrick Gold Corporation (NYSE: ABX) are all of focus and interest here.

One of our affiliates has run a chart based audio visual analysis with the expectation that next week will be a solid week in gold and a note that we could pass the $1,000.00 mark.
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Posted on: August 6, 2009 – 11:18 am in Charts, Commodities, ETF, Luxury, Metals, , , , ,

The Retailers That Will Dominate Store Closings (SHLD)(M)(JWN)(TIF)(WMT)(BBY)(GPS)(M)

Empire_3Several estimates from retail analysts predict the tens of thousands of retail outlets will close this year. Some put the number as high as 70,000 in the first half of 2009. Wall St. is bracing for a large number of bankruptcies in the sector, some of them public companies.

The largest fifteen or twenty retailers will chop locations but not go out of business. They have the sales and balance sheets to make it through the next two or three years, unless the recession turns to a depression. But, they won’t be able to keep the doors of all their operations open.

These are some of the nation’s largest retailers and estimates of what they will have to do to cut their total numbers of outlets as revenues fall.

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Posted on: January 12, 2009 – 11:49 am in Retail, , , , , , , , , , ,

The 52-Week Low Club (ZLC)(TRP)(LEE)

Sad_clownZale Corporation (ZLC) Loss and withdraws annual forecast. Drops to $5.15 from 52-week high of $30.89.

Rio Tinto (RTP) BHP withdraws takeover bid. Falls to $93.42 from 52-week high of $558.65.

Lee Enterprises (LEE) Newspaper company hit with downgrade. Drops to $.85 from 52-week high of $15.97.

Douglas A. McIntyre

Posted on: November 25, 2008 – 3:59 pm in HI/LOW, , ,

Tiffany Rescues Luxury (TIF, NILE, ZLC, HWD)

This morning, Tiffany & Co. (NYSE: TIF) reported earnings.  While results were down more than 15% from last year, its adjusted earnings of $1.27 EPS ($0.89 after loan and other charges) beat analysts estimates with First Call showing consensus was $1.21 on EPS.  Revenues were in-line with expectations at $1.05 Billion.

The net earnings included a $0.22 charge that was made to Tahera Diamond Corp., which has sough creditor protection earlier this year. It also included $0.09 charges for watch discontinuations. One change it is making is its LIFO accounting (last in first out) incost recognition and will use an average cost accounting method.

Its total retail sales were up 4% year over year, and same store sales were down at -1%.  Tiffany is maintaining a cautious US-stance for 2008 but noted robust growth internationally.  Its 2008 forecast is $2.75 to $2.85, which was above $2.49 or $2.50 consensus estimates.  It also put sales up 10% to approximately $3.23 Billion, and estimates were $3.18 Billion.

Tiffany earnings on a net-net basis were great for the current environment.  The luxury jeweler wouldn’t have gotten such a great market reward like this morning if this was a year ago.  But right now coming close to estimates is good enough.  And beating estimates is even better.  Shares are up about 14% to $44.00 shortly after the open.

This is also helping some other jewelry players who have seen hard times.  Shares of Zale Corp. (NYSE: ZLC) are up 2.5% to $21.81, and its 52-week trading range is $12.48 to $29.22.  Blue Nile Inc. (NASDAQ: NILE) is the real winner here with a 10% pop to $51.70, and its 52-week trading range is $38.35 to $106.16.  Harry Winston Diamond Corp. (NYSE: HWD) is up less than 1% at $23.65 this morning, and its 52-week trading range is $21.78 to $45.18.

Jon C. Ogg
March 24, 2008

Posted on: March 24, 2008 – 8:58 am in Earnings, Luxury, , , ,

52-Week Low Club (AAI, ANN, AM, BIG, BJRI, CHS, CC, LIZ, M, OMX, MSO, RL, HOT, WM, WEN, ZLC)

Today’s list of 52-week lows was still dominated by retail and consumer spending stocks, although a surprise surge from several key semiconductor names made today’s list.  Some of these did end up recovering back above their respective 52-week lows.  Here’s your list for today:

  • Airtran (AAI)…down from a $13.09 high.  $95+ Oil is a pain. Stock broke significant support at $8.00 two weeks ago so it’s in no-man’s land.
  • Ann Taylor (ANN)… Is the growth story gone? If so and IF it can hit its earnings estimates then it is a hidden value stock.  But with women spending less on clothes over the holidays it may just be a value trap.
  • American Greeting (AM)… I started complaining about the cost of greeting cards LONG BEFORE the economy softened, and I’m not alone.
  • Big Lots (BIG)…again…should say "habitual offender" on it.
  • BJ’s Restaurants (BJRI)…cool brewpub, although still expensive on earnings measurement.
  • Chico’s FAS (CHS)…again.
  • Circuit City (CC)…needs to fire that CEO immediately.
  • Liz Claiborne (LIZ)…again.
  • Macy’s (M)….again.
  • Marvell Tech (MRVL).. see chip stocks on 52-week lows.
  • Martha Stewart Living (MSO)… Is it changing its name to "DYING"? Maybe a weak ad environment and magazine environment is even worse than we thought?
  • Micron Tech (MU) turnaround still can’t turn around… see chip stocks on 52-week lows.
  • Office Max (OMX)…again.
  • Ralph Lauren Polo (RL)…recovered above that 52-week low but this was a surprise to see even in a weak consumer. Stock is now over $40.00 under highs.
  • Sandisk (SNDK).. see chip stocks in 52-week lows.
  • Starwood Hotels (HOT)… givin’ all the inheritance away may not keep young Paris happy.
  • STMicro (STM)…see chip stocks on 52-week lows.
  • Washington Mutual (WM)… when WA-MU changes its name to UH-OH!
  • Wendy’s International (WEN)… just an expensive burger chain with a "hoped for buyout" allowing a premium, otherwise would be even lower.
  • Zale Corp. (ZLC)….. I didn’t get my wife diamonds for Christmas either.

All these CEO’s have a fairly easy new year’s resolution for 2008: "I want to keep my stock from hitting 52-week lows"…….

Jon C. Ogg
December 27, 2007

Posted on: December 27, 2007 – 4:01 pm in HI/LOW, , , , , , , , , , , , , , , ,

52-Week Low Club (BIG, BONT, CHS, M, OMX, SSI, HOT, ZLC, RT, F, WM, BSC)

We didn’t include only retail names on the 52-week lows today, but it could have been easy to do.  The retail scene just didn’t do too hot over Christmas and these are pying the price.  The good news is that many of these names bounced back above their 52-week lows.

Here are the retail names alone:

  • Big Lots (NYSE: BIG) still slurping.
  • Bon Ton Stores (NASDAQ:BONT)
  • Chico’s FAS (NYSE: CHS)
  • Macy’s (NYSE: M)
  • Office Max (NYSE: OMX)
  • Stage Stores (NYSE:SSI)
  • Starwood Hotels (NYSE: HOT)
  • Zale’s (NYSE: ZLC)

Ford (NYSE: F) merely touched on its 52-week lows but didn’t put in any new 52-week lows.  Maybe this one isn’t quite retail, but it sure reflects a weak consumer. 

Ruby Tuesday (NYSE:RT) is in the same boat as it isn’t a retail store but is consumer discretionary (and the food is nothing special).

A couple surprise financial names are on today’s list, although maybe it isn’t that large of a surprise.  Bear Stearns (NYSE: BSC) didn’t stay that low, but it was looking dismal this morning.  Washington Mutual (NYSE:WM) also didn’t stay that low but this morning was looking a bit harsh for WA-MU.

Jon C. Ogg
December 26, 2007

Posted on: December 26, 2007 – 2:18 pm in HI/LOW, Retail, , , , , , , , , , , ,

52-Week Low Club II (IUSA, JSDA, KNOT, TRK, WAG, ZLC)

Below is our last list of featured 52-week lows today:

  • InfoUSA (NASDAQ:IUSA)… here’s what happens when your paid model gets Google-ized by free everything. $8.63 close versus $8.79 prior yearly low.
  • Jones Soda (NASDAQ:JSDA)… indigestion took this down 3.3% to $6.60, although it managed in the last hour to get back above the prior $6.51 52-week close.  With a $32.60 high, this will still make most investors burp. We aren’t rushing out to include this in our "10 Stocks Under $10 Newsletter" just because it’s under $10.00 again, mainly on its triple-digit P/E ratio despite a severe sell-off.  Jim Cramer has been out of this name as a backer for quite some time, but he are some old comments from Cramer.
  • The Knot (NASDAQ:KNOT) lower by 3.7% to $13.20, just under the $13.24 prior 52-week lows as American anti-family values are taking hold.  Maybe they could hedge the business with divorce.com.  All joking aside, keep your eyes on this one.  We had this as a possible buyout candidate from our "Small Cap Internet Watch List" but we noted that things had to get worse and stay worse before management would have to capitulate and agree to a buyout.
  • Speedway Motor Sports (NYSE:TRK).. maybe NASCAR and stock car racing isn’t immune from a slower consumer, even if there was a big promotion in NYC this week. Closed $33.75, prior 52-week range was $33.80 to $41.68.  Maybe the U.S. needs more NASCAR moms and more soccer dads.  Paying $1 million to go on a car may be dwindling too, but who knows.
  • Walgreen Co. (NYSE:WAG).. this was surprising with another 1.9% drop to $36.59, under the last year range of $37.06 to $49.10.  Apparently dropping those CVS plans over price might not be the right ticket.  At 18-times earnings we aren’t licking our chops yet.
  • Zale Corp. (NYSE:ZLC)…. jewelry is tough in a slower economy, and you can’t sell your garage to buy that diamond tennis bracelet.  This was down in sympathy with Tiffany.  Zale closed down 2.7% to $17.89, under the 52-week range of $18.18 to $31.57.

Jon C. Ogg
November 30, 2007

Posted on: November 30, 2007 – 4:45 pm in HI/LOW, , , , , ,

Pre-Market Stock News (November 20, 2007)

Biogen Idec (BIIB) announced an alliance with Neurimmune Therapeutics to develop treatments for Alzheimer’s Disease.
BJ’s Wholesale (BJ) $0.35 EPS vs $0.33 est.
Blue Coat Systems (BCSI) $0.30 EPS vs $0.24 est.; sees next quarter $0.31 to $0.35 EPS vs. $0.26 est.
DR Horton (DHI) trading up 4% after posting narrower than expected losses at -$0.16 EPS vs -$0.60 EPS; sales down 35%.
Freddie Mac (FRE) posted a $3.29 EPS loss; engaged Goldman Sachs and Lehman to advise on near term financial concerns for capital raising after discussing lower mortgage loan values in its portfolio; apparently considering dividend cut; shares down 6% or more.
Fannie Mae (FNM) trading down 6% with Freddie Mac.
H-P (HPQ) beat earnings and slightly raised guidance; announced an $8 Billion share buyback
JW Nordstom (JWN) beat earnings and raised guidance; stock traded up 10%.
McClatchy Co (MNI) reports that both consolidated advertising and total revenues in October 2007 decreased 9.9%.
New York & Co. (NWY) $0.09 EPS vs $0.07 est; sees next quarter $0.23 to $0.32 EPS vs. $0.30 est.
Retalix (RTLX) $0.23 EPS vs $0.18 est.
Shoe Carnival (SCVL) $0.33 EPS vs $0.32 est.
Van Der Moolen (VDM) announced resignation of COO.
Zale (ZLC) -$0.54 EPS vs -$0.60 est.; sees next quarter $1.87-1.92 EPS vs. $1.80 est.; sees 2008 under plan.

Posted on: November 20, 2007 – 8:05 am in Pre-Market Activity, , , , , , , , , , , , , ,