Retail Stocks Move Higher
With the same store sales reports coming out strong, of the first 44 retailers to report September results, 32 topped analysts’ expectations and 12 fell short, according to Thomson Financial. Both Zumiez (ZUMZ) and Abercrombie (ANF) up big today and over the last few weeks. I have been bullish on both of these for a while, so it is nice to be vindicated.
– Faisal Laljee
WFMI, SBUX, PNRA and others
have become pricey 30-40%
July-August bounces while
cheap bounces/mega trends
Chiplotes and Walgreens look
more interesting from a lower
end chart stand point.
Boris-
SBUX is quickly becoming a safe short. Another $1 up is probably the max.
CrossProfit
http://www.crossprofit.com
COSI restuarants, the Panera
clone sold off 20%
for 18 days and
today gets a strong buy from
Wedbush. we were buying yesterday 4.70 and today 4.80.
we believe there is room for
a bounce to the $6s on premise
the company’s situation improves in line with the other
players in the group. whats good for Panera is good for COSI
and a bounce back to spring highs of $11+ would be 130%.
Yahoo hit my vision of
low end $24.00- and now the
stage is set for a modest bounce
to $28-ish. as soon as the
new search Panama kicks in things should improve. albiet this will never catch google/baidu.
Dreamworks has fallen
12 days 10% and looks interesting in first dip of
1 month $5.50 bounce to
$25.50. assuming SHREK 3
works normal, a fair run
to the $30s is setting up.
1 insider buy 10,000s 25.15
months ago imply lower 20s
is fair sound pricing.
Chipoltles bounce expands to
$57.46 before $2.80 dip.
we suspect the bounce continues
to play catchup with group albiet
at slower velocity. dips
in the 52s-55s down from 57s
highs would be appealing.
Kyphon -kyph
has dipped $5.50-$6.00
in past 2 weeks. we doubt very
seriously that Medtronics new
Accurate will put a dent into
kyphony business. yesterdays
new coverage /$43 Citigroup
implies just that. we would
be dip buyers right here at $35
for momentum into the $40s
or a $60-ish fair value
buyout by J&J etc.
INFORMATICA- infa dip buying
the high volume 20% selloff
on premise that software boom
enjoed by Oracle and the others
is occuring at infa as well.