Wall Street Fundamentals Releases New In-Depth Stock Reports on ANF, ARO, GPS and TJX
The Retail Industry received some mixed signals last Friday as a measure of U.S. consumer confidence surged to a six-year high, while a report from the Commerce Department showed consumer spending in April fell for the first time in a year. The University of Michigan reported its consumer sentiment index jumped to 84.5 in May, from 76.4 in April. The reading was the highest seen since July of 2007. According to the Commerce Department consumer spending declined a seasonally adjusted 0.2 percent in April, following a 0.1 percent increase in March and a 0.8 rise in February. Here is how some retail stocks reacted Friday:
Abercrombie & Fitch Co. (NYSE: ANF) shares traded in the range of $49.86 to $51.43 Friday before settling to close at $50.08. The stock appears to be facing resistance at $51.00 with support at $49.84. The company reported net sales were $838.8 million for the first quarter of 2013, a decrease of 9 percent when compared to sales of $921.2 million in the year ago period. Abercrombie & Fitchshares are up approximately 4.4 percent in 2013.
More information on Abercrombie & Fitch and access to the free equity report can be found at: www.WallStreetFundamentals.com/ANF
Aeropostale, Inc. (NYSE: ARO) shares traded in the range of $14.55 to $14.90 Friday before settling to close at $14.61. The stock appears to be facing some resistance at $14.86 with support at $14.59. The company reported net sales were $452.3 million for the first quarter of 2013, a decrease of 9 percent when compared to sales of $497.2 million in the year ago period. Aeropostale shares are up approximately 4.4 percent in 2013.
More information on Aeropostale and access to the free equity report can be found at: www.WallStreetFundamentals.com/ARO
The Gap Inc. (NYSE: GPS) shares traded in the range of $39.96 to $41.31 Friday before settling to close at $40.55. The stock appears to be facing some resistance at $41.50 with strong support at $38.56. The company reported net sales were $3.73 billion million for the first quarter of 2013, an increase of 7 percent when compared to sales of $3.49 billion in the year ago period. Shares of The Gap are up approximately 30 percent in 2013.
More information on The Gap and access to the free equity report can be found at: www.WallStreetFundamentals.com/GPS
The TJX Companies, Inc. (NYSE: TJX) shares traded in the range of $49.85 to $50.74 Friday before settling to close at $50.61. The stock appears to be facing some resistance at $51.72 with support at $50.37. The company reported net sales were $6.2 billion million for the first quarter of fiscal 2014, an increase of 7 percent when compared to the year ago period. Shares of The TJX Companies are up approximately 19 percent in 2013.
More information on The TJX Companies and access to the free equity report can be found at: www.WallStreetFundamentals.com/TJX
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Disclaimer:
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities
Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
Contact: Wall Street Fundamentals Website: www.WallStreetFundamentals.com Email: editor@wallstreetfundamentals.com