Market Currents

• Thursday, December 3, 2009

• 09:00 AM Premarket gainers: ABK +18%. TPI +17%. PIR +9%. CYTR +7%. AIB +7%. TGB +6%. RYAAY +5%. THC +5%. MBI +4%. DLM +4%. DRYS +4%. BAC +3%.
  Losers: PLCE -10%. ARO -8%. ENDP -9%. APWR -7%. SNPS -7%. ANF -7%. STEM -5%. DYAX -4%. Comment!
• 08:40 AM Nov. same-store sales (actual vs. Briefing.com estimate), update #2:
  ANF -17% vs. -10%.
  AEO -2% vs. -2.2%.
  CATO 0% vs. -1.5%.
  DDS -11% vs. -8%.
  FRED -3.3% vs. -1.5%.
  GPS 0% vs. -0.2%.
  JCP -5.9% vs. -4.5%.
  JWN +2.2% vs. +2%.
  KSS +3.3% vs. +0.8%.
  M -6.1% vs. -3.2%.
  SKS -26.1% vs. -21%.
  TGT -1.5% vs. -0.6%.
  TJX +8% vs. +9.1%.
  WTSLA -5% vs. -6.6%.
  8 misses, 6 beats, for a total of 18 misses and 7 beats. 4 Comments

• Friday, November 13, 2009

• 16:32 PM Abercrombie & Fitch (ANF +10.7%, but on much lower sales) and J.C. Penney (JCP +6.2%) led a good day for retail, and a couple of discounter IPOs had strong debuts as well. But without rose-colored glasses, the retail outlook still isn't pretty. Comment!
• 09:00 AM Premarket gainers: TSTC +31%. RINO +18%. LXRX +17%. ANF +7%. MDSO +7%. JCP +5%. PLA +4%.
  Losers: LBTYA -9%. LKFN -7%. CADX -6%. TCLP -5%. JWN -4%. Comment!
• 07:09 AM Abercrombie & Fitch (ANF): Q3 EPS of $0.30 beats by $0.10. Revenue of $765M (-14.6%) in-line. Same-store sales -18%. Shares +7.5% premarket. (PR) 2 Comments
• 00:05 AM Notable premarket earnings: ANF, A, JCP, TK, YGE Comment!

• Monday, November 9, 2009

• 09:00 AM Premarket gainers: EWBC +51%. ARIA +14%. RSH +11%. FUQI +10%. SAY +9%. TSFG +7%. NCS +7%. JASO +6%. DISH +6%. CVM +6%. AIB +6%. ANF +6%. RTP +5%. MBI +5%. NG +4%. LVS +4%. SLW +4%. HL +4%. GFI +4%. SWKS +4%. BHP +4%. FAS +4%. TGB 4%. XOMA +4%. Comment!

• Thursday, November 5, 2009

• 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!

• 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

• Friday, September 4, 2009

• 09:22 AM Citigroup pastes Abercrombie & Fitch (ANF -4.1% premarket) with a Sell rating, predicting same-store sales will continue to deteriorate "due to problems beyond pricing and newness." Sales of key back-to-school items are disappointing, firm says, "which does not bode well for H2." 1 Comment
• 09:00 AM Premarket gainers: LTXC +25%. FNM +5%. AMED +5%. NVLS +4%. FRE +4%. CPSL +4%.
  Losers: ARRY -27%. ELN -5%. ANF -4%. Comment!

• Thursday, September 3, 2009

• 09:51 AM Retailers' same-store sales fell for the 12th straight month (I, II, III, IV, V), but results at Target (TGT +1.4%), Kohl's (KSS +1.5%) and Gap (GPS +5%) topped analyst expectations. Weak spots included Abercrombie & Fitch (ANF -3.8%) and Family Dollar Stores (FDO -8.4%). Still, the decline was smaller than July's. SPDR S&P Retail ETF (XRT) is +0.5% to $31.36. 4 Comments
• 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!

• Wednesday, August 19, 2009

• 10:09 AM Susquehanna cuts Abercrombie & Fitch (ANF -2.2%) to Neutral, citing "a combination of what we deem to be fair valuation and remaining headwinds facing luxury positioned brands." Firm says diehard customers remain satisfied, but is worried ANF's higher-priced merchandise will continue to pressure transaction size. 1 Comment