After the Close Activity
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.
More on this topic
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American Eagle Outfitters (AEO): A Retail Stock Worth Buying in Any Market
(College Analysts, 8/10/07)
American Eagle Outfitters (AEO) could be ready to turn
(My Trader's Journal, 7/5/07)
Why American Eagle’s Valuation Doesn’t Even Matter Now
(College Analysts, 8/31/07)
