Market Currents

• 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!

• Wednesday, October 28, 2009

• 08:39 AM Jones Apparel Group (JNY): Q3 EPS of $0.46 beats by $0.19. Revenue of $856M (-11.3%) vs. $867M. "We are cautiously optimistic that the holiday season will generate better financial results across the industry." Shares -13.8% premarket. (PR) Comment!
• 00:05 AM Notable pre-market earnings: ASH, BWA, CCE, CHINA, CNP, COP, EPD, GD, GT, HES, IP, IPG, JNY, LAZ, LVLT, MWV, NWL, NXY, NYB, OC, PEG, PX, Q, SAP, SEPR, SO, SPIL, SPW, UMC, WLP, WYN Comment!

• Monday, September 28, 2009

• 08:28 AM After seasonal gains of more than 80%, both Jones Apparel Group (JNY) and Liz Claiborne (LIZ) get downgrades from Goldman Sachs, to neutral from buy. JNY -3.4% premarket; LIZ -0.8%. Comment!

• Wednesday, July 29, 2009

• 09:00 AM Premarket gainers: CNO +26%. THPW +21%. MCK +8.5%. JNY +8%. MEE +5%. ABC +4%.
  Losers: YHOO -8%. RCL -7%. MT -6%. ABK -6%. TGB -6%. PX -5%. CCL -5%. S -5%. WLP -4%. BPSG -4%. CHU -4%. MFA -4%. STX -4%. MGM -4%. Comment!
• 08:13 AM Jones Apparel Group (JNY): Q2 EPS of $0.29 beats by $0.22. Revenue of $804M (-3%) vs. $777M. Shares +9.5% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: AMT, ARW, BPO, BWA, CCE, COP, EQT, GD, HES, HL, HSP, IACI, JNY, MCO, MDCO, MHS, MT, MWV, NYB, PAG, PX, Q, RCL, S, SAP, SEE, SLAB, SMG, SO, SPIL, TEL, TLM, TWC, TWX, UMC, VPHM, WLP, WPI, WYN Comment!

• Wednesday, May 13, 2009

• 13:15 PM S&P leaders: GM +7%. MRK +3%. PFE +3%. FHN +3%. JEC +3%. Laggards: GNW -24%. LIZ -23%. ODP -18%. MTG -16%. FITB -15%. DDR -15%. HBAN -14%. AKS -14%. HIG -13%. ATI -12%. GT -12%. ACAS -12%. IP -12%. MI -12%. MTW -12%. AIG -12%. RF -11%. JNY -11%. UIS -11%. PLD -11%. DOW -10%. CBG -10%. GCI -11%. MEE -10%. ZION -10%. TEL -9%. TIE -9%. LUK -9%. HAR -9%. MWV -9%. AA -9%. NUE -9%. XL -9%. WYN -9%. AIV -9%. MAS -9%. Comment!

• Wednesday, April 29, 2009

• 07:08 AM Jones Apparel Group (JNY): Q1 EPS of $0.28 beats by $0.18. Revenue of $891M (-8.6%) vs. $875M. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: ABX, AET, AMG, AMT, ARW, BHI, BKC, CNP, ENDP, FCN, GD, GT, HES, IACI, JNY, MCO, MHS, MT, MTG, MWV, NYB, PX, Q, RAI, RDS.A, ROK, SAP, SEE, SI, SO, SPIL, SPW, TEL, TLM, TWC, TWX, UMC, VPHM, WMI, WYE, WYN Comment!

• Wednesday, February 11, 2009

• 07:20 AM Jones Apparel Group (JNY): Q4 EPS of -$0.04 beats by $0.01. Revenue of $847M (+1.0%) vs. $827M. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: AGU, AYE, BCE, CCE, DF, DVA, GENZ, IR, JNY, LVLT, MAC, MICC, MMC, MT, RAI, SPIL Comment!

• Wednesday, October 29, 2008

• 07:47 AM Jones Apparel Group (JNY): Q3 EPS of $0.34 beats by $0.01. Revenue of $965M (-6%) vs. $981M. "our results reflect the challenging economic environment and drop in consumer confidence and spending levels," it says. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: AET, AG, AGN, ALO, ANR, BPO, BWA, CINF, CMCSA, GLW, GRMN, GW, HERO, HES, IMA, IVZ, JNY, K, KEM, KFT, LAZ, LM, MCO, MGM, MWV, NBL, NEM, NXY, NYB, OC, ODP, PG, PX, Q, SEE, SHPGY, SLAB, SNE, SPR, SPW, SU, TSO, VPHM, WEC, WPI Comment!

• Wednesday, July 30, 2008

• 00:10 AM Notable earnings Wed. pre-open: ABG, AGN, AMT, AVP, CAM, CMCSA, CMI, GLW, GRMN, HES, HUN, IACI, IPG, IT, JNY, KIM, LAZ, MCO, MT, NBL, OC, ODP, PAG, RAI, RHD, SO, TEL, THQI, UMC Comment!

• Thursday, June 12, 2008

• 08:14 AM Gloria, meet Rachel. Jones Apparel (JNY) will announce a 50% stake in emerging luxury fashion label Rachel Roy, for which very little cash will change hands. Comment!