Market Currents

• Tuesday, November 24, 2009

• 09:00 AM Premarket gainers: AMLN +9%. SEED +8%. GNVC +6%. TLAB +5%. MDT +5%. AEO +5%. FEED +4%. DLTR +4%.
  Losers: ING -8%. BRCD -3.5%. 1 Comment
• 08:08 AM American Eagle Outfitters (AEO): Q3 EPS of $0.21 in-line. Revenue of $749M (-0.7%) in-line. Shares +2.5% premarket. (PR) 1 Comment
• 00:05 AM Notable premarket earnings: AEO, BKS, DLTR, EV, HNZ, HRL, MDT, VIP, WMG 1 Comment

• Thursday, November 5, 2009

• 10:38 AM Retail's one of the few sectors under pressure early on, after retailers posted same-store sales that often failed to match Wall Street expectations (table). Of those reporting, 12 came in below consensus, 13 exceeded projections, and two were in line. Big losers: Aeropostale (ARO -16%), American Eagle (AEO -11%). Big gainers: Children's Place (PLCE +8%), Bon-Ton (BONT +7%), Wet Seal (WTSLA +6%). Comment!
• 09:00 AM Premarket gainers: LAMR +16%. R +16%. ONNN +8%. DYN +7%. DIRI +7%. IRE +5%. BCRX +5%. NVAX +5%. MGM +5%. PCS +5%. CTIC +4%. CVM +4%. ING +4%. TRA +4%. QCOM +4%. AIB +4%. FNM +4%. CSCO +4%. CNO +4%. AMMD +4%.
  Losers: CVS -10%. AEO -10%. ARO -10%. WFMI -10%. DPTR -9%. BEE -8%. CF -7%. ATPG -7%. ABK -6%. Comment!
• 08:48 AM Same-store sales ((SSS)) results (actual vs. consensus):
  ANF -15% vs. -15.1%.
  ARO +3% vs. +13.5%.
  APP -6% vs. -12%.
  AEO -5% vs. +1.9%.
  BJ -1.1% vs. -0.3%.
  BONT +3.1% vs. -4%.
  PLCE -2% vs. -3.6%.
  COST +5% vs. +4.8%.
  FRED +0.4% vs. +1.4%.
  GPS +4% vs. +1.4%.
  HOTT -2.6% vs. -4.1%. Comment!

• Wednesday, November 4, 2009

• 11:19 AM Lazard's Todd Slater cuts ratings on retail, apparel and footwear, saying the sector "will need to show revenue growth to drive double-digit earnings growth and justify the next leg up." Saks (SKS -2.6%) was cut to sell. Reduced to hold from buy: American Eagle Outfitters (AEO), Jones Apparel Group (JNY), Guess (GES), Warnaco (WRC). Comment!

• Thursday, October 8, 2009

• 09:00 AM Premarket gainers: LIZ +15%. NCT +7.5%. VGZ +7%. AA +6%. ING +6%. HEB +6%. MT +6%. AEO +6%. PAL +5%. LCC +5%. RCL +5%. LTD +4%. ANF +4%. TKS +4%. ABB +4%. RTP +4%. ALU +4%. X +4%. NXG +4%.
  Losers: IRE -3%. Comment!
• 08:08 AM Same-store sales results #2 (actual vs. consensus): ANF -18% vs. -21.4%. APP -15%. AEO -6% vs. -4.1%. BJ -0.5% vs. -1.1%. BONT -4.8% vs. -7%. DDS -6% vs. -9.8%. FRED +3.3% vs. +0.9%. GPS -1% vs. -0.2%. M -2.3% vs. -5%. SSI -5.6% vs. -4.3%. SMRT -5.4% vs. -4%. Total positive vs. negative suprises: 12:5. 1 Comment

• Thursday, September 3, 2009

• 09:00 AM Premarket gainers: CRIS +20%. SVA +20%. HCLS +16%. FNM +12%. VICL +12%. DLM +11%. FRE +11%. CIT +7%. AIG +7%. AIB +6%. INO +6%. ABK +6%. ING +6%. ASX +6%. LYG +5%. AEO +5%. COST +5%. GPS +5%. RCL +5%. SOL +5%. NOK +5%. GNW +4%. RBY +4%. ANO +4%. HGSI +4%. DB +4%. ESLR +4%. MT +4%. SPPI +4%. DHT +4%.
  Losers: HOV -10%. FDO -8%. TSEM -7%. VG -5%. ANF -4%. Comment!
• 08:23 AM SSS #3: Abercrombie (ANF) -29% vs. -23.9%. American Eagle (AEO) -7% vs. -8.3%. BJ's Wholesale (BJ) -6% vs. -8%. Dillard's (DDS) -12% vs. -10.5%. Gap (GPS) -3% vs. -7%. Comment!

• Thursday, August 27, 2009

• 08:22 AM American Eagle Outfitters (AEO): Q2 EPS of $0.14 in-line (but may not be comparable to first-call consensus). Revenue of $658M (-4.5%) vs. $660M. Shares -4% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: AEO, APWR, CSUN, ENER, TOL, VIP Comment!

• Thursday, August 6, 2009

• 08:16 AM Same-store sales [SSS] (actual % gain/loss vs. consensus): Abercrombie (ANF) -28% vs. -25.7%. American Eagle (AEO) -11% vs. -9.2%. BJ's Wholesale (BJ) -9.1% vs. -5.9%. Bon-Ton Stores (BONT) -9.8%. Children's Place (PLCE) -4% vs. -3.5%. Comment!

• Thursday, July 9, 2009

• 08:13 AM SSS #3: Abercrombie (ANF) -32% vs. -27.8%. Aeropostale (ARO) +12% vs. +10.2%. American Eagle (AEO) -11% vs. -7.8%. BJ's Wholesale (BJ) -7.5% vs. -7.4%. Cato Corp (CTR) -3% vs. -4%. Dillard's (DDS) -14% vs. -10.3%. Comment!

• Thursday, June 4, 2009

• 09:14 AM SSS #6: American Eagle (AEO) -7% vs. -7.8%. BJ's Wholesale (BJ) -6.8% vs. -6.3%. Stein Mart (SMRT) +0.2% vs. -7.5%. Comment!