Norman Tweed's  Instablog

Norman Tweed
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Retiree interested in stocks and financial instruments, especially dividend producing stocks. In the 20th century, I was an electrical engineer with Dominion Resources. I use a dividend growth investment style. Quick rules of thumb for complex questions, like fair value p/e using the Gordon... More
  • Buy Ross Stores (ROST) On Earnings Beat And Positive Outlook. 0 comments
    May 9, 2013 9:05 AM | about stocks: ROST

    Today Ross Stores reported an earnings beat and renewed increases in earnings projections.

    http://seekingalpha.com/news-article/6500091-ross-stores-reports-april-same-store-sales-gain-of-7-increases-first-quarter-earnings-per-share-estimate

    They seem to be in a rising sector rotation and should surpass last falls price of $70.

    I believe the global apparel market is picking up in the discount portion of the industry. This stock is up 22.26% so far this year. It may be cyclical, but it has done well for me over the years. I drip it and am happy with the returns.

    Disclosure: I am long ROST.

    Stocks: ROST
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