Wall St gains on earnings optimism
The three major U.S. stock indexes rose 1 percent, led by Alcoa Inc, up 3.2 percent at $14.65, a day after the Dow component posted its first profit after three consecutive quarterly losses on cost savings and higher aluminum prices.
The upbeat tone
Limited Brands gains sales momentum
While not yet a return to the glory days of selling, a key sales measure at two Central Ohio retailers moved in the right direction last month.
Columbus-based Limited Brands Inc. reported Thursday a 1 percent sales increase at stores open at least one
Kids Are Alright
Apparently, not their wardrobes.
A handful of the teen-focused apparel makers recorded their September same-store sales figures this week. And while positive comparisons proved hard to come by - even despite some relative easy comparisons - the
September retail sales data better-than-expected
(AXcess News) New York - U.S. retail sales in September was better-than-expected at some of the nation's largest retail chains that reported higher same-store sales results on Thursday.
Kohl's (NYSE: KSS), Costco (Nasdaq: COST), Limited Brands (NYSE:
Jobless claims hit 9-month low, retail sales rise
The Labor Department said on Thursday initial claims for state unemployment benefits dropped 33,000 to a seasonally adjusted 521,000 last week, the lowest level since early January. That was below market expectations for 540,000.
Separately, sales at
Wall Street rallies after Alcoa raises earnings hopes
Major indexes rose about 1 percent, led by Alcoa Inc, up 2.3 percent at $14.53, a day after the Dow component posted its first profit after three consecutive quarterly losses on cost savings and higher aluminum prices.
The upbeat tone was helped by
September retail sales rise 0.6%, survey finds
Retailers finished the back-to-school season with better-than-expected sales, thanks to a later Labor Day and delayed start dates for schools around the country.
Still, the results came against very easy comparisons over September 2008, when the retail
Jesup & Lamont Raises Price Target & Q3 EPS Estimates on Abercrombie & Fitch (ANF)
ANF) to $40 from $36.
Jesup analyst says, "Our revised target is based on a 20x P/E multiple on our 2010 EPS estimate of $2.00 per share which reflects anticipation of improved content and inventory levels, a recalibrated pricing structure and the
Top Performing Stock - (NYSE:ANF) - Most Active Stock of Today
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Abercrombie & Fitch Co. (NYSE:ANF) are active in today?s opening trade. The stock jumped up 5.65%
Tween retailers provide a glimmer of hope for the retail sector
Following in the same line is Abercrombie & Fitch (NYSE: ANF), which reported a substantial 18% decline in same-store sales. However, expect some rejoicing as expectations called for a drop of 20.4%. Watch for ANF to turn in respectable performance
