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After the Close Activity

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by Chuck on July 11, 2007 at 4:17 pm · 0 Comments

After the close Genentec (DNA) reported healthy earnings,beats on Revs. This should help the drug sector. Some retail companies are reporting same store sales. And they are coming in better than expected for the most part.

HOTT, ZUMZ, MW, AEO all reporting better than expected sales. This will give retail a boost. Actually this sales data not only is better than analysts expectations but it also provides a psychological boost as many of the market fundamentalists were gloomy on retail and the prospects of good sales data. The numbers tonight from these few companies is dispelling that notion.

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