S&P 500 Likely to Make New Lows According to Bloomberg the nation?s top-ranked market technicians are calling for new lows in the S&P 500.Last week?s 11% rally from a 5-year low lasted just 1 day - and the index has slipped 6.6% during the last 2 sessions. Jeff de Graaf of ISI Group the highest-rated technical analyst by a Institutional Investor magazine survey said ?Historically you would?ve had a better charge from the bulls at this point.? And John Roque of Natixis Bleichroeder thinks the index will likely fall to 680 by the end of the
Cheap Is In! According to Bloomberg stores that specialize in items that cost $1 or less are outperforming other US retailers as consumers shun high-priced goods in favor of cheaper alternatives. 99 Cents Only (NDN) Dollar Tree (DLTR) and Family Dollar (FDO) had the highest returns in the Russell 3000 Retail Index among companies with at least $1 billion in revenue. 99 Cents Only led the list with a 59% year-to-date gain (including dividends) through yesterday?s close. Ranked fifth on the list was Wal-Mart (WMT) the world?s largest retailer with a 17% gain.
99˘ Only Stores® (NYSE:NDN) (the ?Company?) announces its financial results for the second quarter of fiscal 2009 ended September 27, 2008. Highlights for Second Quarter Fiscal 2009 versus Second
Zacks.com announces the latest list of top performing Zacks #1 Rank (?strong buy?) stocks. The stocks on the prestigious list with the highest returns last week were Winn-Dixie Stores, Inc. (NASDAQ:
99˘ Only Stores® will be celebrating the grand opening of its 281st store located in El Cajon, California on Thursday, November 6, 2008 at 8am. The new Apple 4GB iPod Nano will be sold for only 99˘
I know that we are in the midst of an economic recession and analysts are expecting a terrible holiday season for retailers. But I think that some retailers actually do okay. Will people shop as much as in years past? Obviously not. But I think the drop off will not be as bad as expected. The industries hardest hit by the downturn will be luxury items and electronics. Retailers such as Saks 5th Avenue (SKS) and Nordstrom (JWN) will find this holiday season particularly rough. Electronics retailers like Best Buy (BBY) and Circuit City (CCTYQ.PK) have so much inventory on...
Job loss lookout. Non-farm payrolls are expected to decline for the tenth straight month this morning (8:30 AM, website). Economists estimate the U.S. economy shed 200,000 jobs in October, which would be the current downturn's worst month, outdoing September's -159K reading. The last time losses exceeded 200K in a month was March 2003. Some economists think the 27,000-strong Boeing (BA) strike could push October's count to -250K; while still within 50K of the consensus, a worse-than-expected figure "will add to the view that the economy is entering a deep slowdown, a...
With the worlds' equity markets becoming more stable, investors seem to be split on the near-term future of the U.S. economy. Some say the worst is behind us, others are calling the current stability a dead-cat bounce.
While arguments can be made for either side, one theme everyone seems to agree on is an abysmal holiday season is around the corner, as far as retailers are concerned.
99 Cents Only Stores (NDN) battled through a tough second quarter in which inflationary pressures pushed their earnings for the period into the red. But in spite of the loss, analysts are projecting strong earnings growth, and the company's share price has been locked into a very nice rally for the past few months.
99 Cents Only Stores operates as a retailer of consumer goods in the United States. The company was founded in 1965, has a market cap $742 million and is headquartered in Commerce City, California.
Dogs of the Dow may be the most widely known bottom-fishing value strategy but it's definitely not the first and probably not the best. Portfolio123 member Wayne Nef used an earlier Templeton approach (buy all NYSE stocks priced at or below $1) as a starting point for a deep-value retail-stock strategy that has generated an eye-catching performance record.
The Templeton-Nef strategy
Nef, through his firm Nef Value Research LLC, does not work with stock price the way Templeton did, but his approach shares...
In recent months we have seen soaring fuel and food prices, declining
home prices and home equity, a fairly high increase in the unemployment
rate and an economy which has slowed considerably from its levels just
a few months earlier. Yet at the same time, we are seeing the consumer
holding up better than many folks had anticipated. So where are people
spending money?
Obviously, some of this is due to an increase in gasoline
purchases, but we also see some strength out of select retailers on the
very high end where a falling dollar has made US goods less expensive
for foreign tourists,...
As a courtesy to long time Seeking Alpha reader and commentator 'Lisa', who apparently is researching stocks for some recession insurance, the following is an analysis complimenting Wayne Mulligan's article.
The basic premise is not new. In principle, during difficult times middle of the road retailers takes it on the chin. The reason for this is simple. Low end retailers that usually work on smaller margins and rely on high traffic for profits end up getting higher traffic as more people migrate down-market to stretch their dollars....
As I was doing my usual bout of “marathon weekend reading” I came across an interesting piece on Warren Buffett’s recent trip overseas. For those who don’t keep tabs on the “Oracle”, Buffett has been touring Europe for the last week or so in an effort to promote Berkshire Hathaway on the other side of the pond.
Reason being, Buffett’s looking to start buying up “family owned, privately held” businesses on the cheap overseas.
99 Cents Only Stores - SWOT Analysis company profile is the essential source for top-level company data and information. The report examines the company´s key business structure and operations ...
By Tiffany Hsu Jodi Jill, who lost her job several weeks ago when her company closed, shops for gifts at a 99 Cents Only store. ItÂ?s not about the money, she said: Â?It matters to me to spend ...
D ear Mr. Berko: My broker has recommended that I buy 1,500 shares of 99-Cents Only Stores and 300 shares of Portfolio Recovery Associates and wants me to sell 100 shares of RalCorp Holdings, 100 ...
By Staff Report Dear Mr. Berko: My broker has recommended that I buy 1,500 shares of 99-Cents Only Stores and 300 shares of Portfolio Recovery Associates. He wants me to sell 100 shares of RalCorp ...
The 99 Cent Only Stores (NYSE: NDN) has signed a 10-year, $3.4 million lease for 24,661 square feet of retail space at San Marcos Village at 155 Rancho Santa Fe Rd., San Marcos, 92078. You are not ...
The 99 Cent Only Stores (NYSE: NDN) has signed a 10-year, $3.4 million lease for 24,661 square feet of retail space at San Marcos Village at 155 Rancho Santa Fe Rd., San Marcos, 92078. You are not ...
Dear Mr. Berko: My broker has recommended that I buy 1,500 shares of 99-Cents Only Stores and 300 shares of Portfolio Recovery Associates and wants me to sell 100 shares of RalCorp Holdings, 100 ...
By Jonathan Lloyd Russet potatoes and roasting pans are cheap at 99 Cents Only stores, but the jokes are priceless. This week's store ad takes a shot at former vice presidential candidate Sarah ...
According to Bloomberg, stores that specialize in items that cost $1 or less are outperforming other US retailers as consumers shun high-priced goods in favor of cheaper alternatives. 99 Cents ...
With the economy eroding at an alarming pace, it is no wonder investors are turning away from their former retail haunts filled with trendy, over-priced items. Stores like Whole Foods (NASDAQ:WFMI ...
Think you can make a killing in the foreclosure market? You'd be hard pressed to find better bargains than in Detroit. The Motor City gives new meaning to an upside-down housing market. If the banks were smart, a reach I grant you, they'd bypass the brokers and unload these beauties at Dollar Tree or The 99 Cents Only Stores .
A buyout bid for beer maker Anheuser-Busch Cos. propels shares about 8% higher in late trading, while 99 Cents Only Stores Inc. shares drop after the discount retailer posts a loss for the quarter.
Among the companies whose shares are expected to see active trading in Tuesday's session are Charles River Labs, Dycom, General Motors, GMH Communities, Lionsgate, 99 Cents Only, Research in Motion, Schering-Plough, Time Warner Telecom and Yahoo.
SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trading in Tuesday's session are General Motors, Qwest, Applied Materials, and Schering-Plough.
99 Cents Only Stores' fiscal third-quarter net income increased to $9.52 million, or 14 cents a share, from $8.94 million, or 13 cents a share, a year earlier. The City of Commerce, Calif., general store company's total sales increased to $325 million in the period ended Dec. 31 from $302.1 million. Same-store sales increased 2.9%. 99 Cents Only said the number of same-store sales transactions increased by 2.8%, and the transaction size increased by a penny to $9.55 over the year-earlier period. Analysts polled by Thomson Financial expected, on average, per-share earnings of 11 cents and revenue of $328...
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