Stock Alert :Investors cheers Retail Surprise data (ARO, BKE, SKS, JCP, SHLD, KSS, Macy's)
Investors Retail Surprise
(EMAILWIRE.COM, March 12, 2010 ) Dallas, Tx - Aeropostale, Inc. (NYSE:ARO) is the top percentage gainer and jumped 5.50% to $28.50 after it reported that its fourth-quarter net income rose to $96.6 million, or 99 cents a share, up from $68.2 million, or 67 cents a share, in the prior-year period. Revenue increased 16% to $801.2 million.
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Led by a big gain in electronics, U.S. retail sales increased a seasonally adjusted 0.3% in February, despite three major snow storms in the East, the Commerce Department estimated Friday. Sales have risen in four of the past five months, and were up 3.9% compared with a year earlier. Most categories of retailers recorded month-over-month increases. Auto and truck sales were an exception, falling 2% compared with January. Excluding autos and trucks, retail sales increased 0.8%. Economists surveyed by MarketWatch were expecting sales to be unchanged, and for sales excluding autos to rise 0.1%.
Macy's, Inc. (NYSE:M) jumped 1.20% to $21.31 on high volume.
The Buckle, Inc. (NYSE:BKE) surged 0.70% to $35.29.
Saks Incorporated (NYSE:SKS) rose 2.75% to $8.20 after Deutsche Bank reiterates a 'Buy' rating on Saks Inc., raises price target from $8 to $10.
J.C. Penney Company, Inc. (NYSE:JCP) is also moving up 0.60% to $30.39.
Sears Holdings Corporation (NASDAQ:SHLD) shares gained 1.85% to $103.49.
Kohl's Corporation (NYSE:KSS) rose marginally.
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Led by a big gain in electronics, U.S. retail sales increased a seasonally adjusted 0.3% in February, despite three major snow storms in the East, the Commerce Department estimated Friday. Sales have risen in four of the past five months, and were up 3.9% compared with a year earlier. Most categories of retailers recorded month-over-month increases. Auto and truck sales were an exception, falling 2% compared with January. Excluding autos and trucks, retail sales increased 0.8%. Economists surveyed by MarketWatch were expecting sales to be unchanged, and for sales excluding autos to rise 0.1%.
Macy's, Inc. (NYSE:M) jumped 1.20% to $21.31 on high volume.
The Buckle, Inc. (NYSE:BKE) surged 0.70% to $35.29.
Saks Incorporated (NYSE:SKS) rose 2.75% to $8.20 after Deutsche Bank reiterates a 'Buy' rating on Saks Inc., raises price target from $8 to $10.
J.C. Penney Company, Inc. (NYSE:JCP) is also moving up 0.60% to $30.39.
Sears Holdings Corporation (NASDAQ:SHLD) shares gained 1.85% to $103.49.
Kohl's Corporation (NYSE:KSS) rose marginally.
ABOUT http://www.wepickpennystocks.com
Wepickpennystocks provide online Stock alert on various stocks of the day. To make the right investment in the stock business you need up to date information of daily stocks. We provide alerts on penny stocks, financial stocks, technical stocks, most active stocks and much more. Our hot stock alerts will help you gain insight into the stock trading so that you can make maximum profit.
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This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Wepickpennystocks
Robert
Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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