TradingMarkets’ 5 Stocks You Need To Know About Today
In pre-opening action, futures are lower with
retailers’ monthly sales results coming out. Here are the stocks that Wall
Street is focusing on this morning before the open.
Wal-Mart (WMT
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discuss it) reported July comparable sales that rose 4.4% from the previous
year. The company projected 3%-5% growth in comparable sales in August.
Sara Lee Corp. (SLE
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discuss it) reported a fourth quarter EPS loss of $0.19, which included
$0.55 per share in charges. The consensus estimate was for a profit of $0.31.
The company expects to report first quarter EPS of $0.22 to $0.27 and full year
2006 EPS of $1.24 to $1.34. The consensus estimates are for EPS of $0.43 and
$1.51 respectively. Sara Lee Corp. gapped up Wednesday and climbed higher for
the bulk of the afternoon to close up by 0.50 at $20.35. The stock rose above
resistance to close at a 2-month high.
Gillette Co. was off by 0.46 at $52.95. It has
been pulling back from resistance at the highs of the year for the last 4 days
and closed at a 2-week low. Gillette Co. (G
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discuss it) reported second quarter EPS of $0.49, compared to the $0.42
reported last year. The consensus estimate was for EPS of $0.46. Revenues
increased to $2.77 billion, from the $2.44 billion reported last year.
SINA Corp. (SINA
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discuss it) reported second quarter EPS of $0.21 after the close on
Wednesday and that matched the consensus estimate. Revenues declined to $46.1
million, from the $49.2 million reported last year. The company is looking to
report third quarter revenues of $49 million to $52 million. The stock is now
down 1.09 on light volume Thursday morning on Inet. The stock rose to a 5-week
high on Wednesday
Smith Barney Citigroup downgraded shares of
Amylin Pharmaceuticals Inc. (AMLN
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discuss it) Thursday morning from a “Hold” to a “Sell.” The stock is now
down 1.45 on 2K shares on Inet.
Amylin Pharmaceuticals Inc. gapped open lower
Wednesday morning, and moved in a consolidation pattern for much the of the
yesterday’s session, to close down by 0.26 at $21.45. The stock pulled back
slightly from some resistance.