Market Currents

• Tuesday, July 14, 2009

• 11:07 AM Citigroup analyst Mark Mahaney thinks Blue Nile (NILE) is underpriced, noting cheaper diamond prices give the online retailer more price flexibility, enhanced by its "deep competitive moats." Raises shares to Buy with price target of $50. NILE +8.9% to $41.39. 1 Comment

• Wednesday, February 18, 2009

• 17:45 PM Blue Nile (NILE): Q4 EPS of $0.24 misses by $0.11. Revenue of $85.8M (-23.3%) vs. $93.4M. "Given the uncertainty surrounding the economic environment and consumer spending, we are not providing financial guidance at this time." Shares -9.6% AH. (PR) 1 Comment

• Wednesday, January 14, 2009

• 09:56 AM Tiffany's (TIF -6.1%) weak holiday sales are weighing on other luxury retailers. ZLC -5%. NILE -7.7%. SKS -7.8%. Comment!

• Tuesday, November 4, 2008

• 16:07 PM Blue Nile (NILE): Q3 EPS of $0.15 misses by $0.01. Revenue of $67.4M vs. $68.8M. Shares -7.3%. (PR) Comment!

• Wednesday, July 2, 2008

• 08:05 AM Las Vegas Sands (LVS), Blue Nile (NILE) and GSI Commerce (GSIC) are three stocks bottom fishers should be wary of, WSJ's Heard on the Street says. "Paying for growth in a no-growth environment is probably a losing bet." Comment!