Today we are going to take a quick look at companies due to release earnings on 27-February, we have the retail sector in full swing here now as they close out this earnings cycle. This qtr's earnings have been down as compared to the same qtr. a year ago as grwoth has slowed across many sectors. We are also watching the major indices deal with their first bout of selling pressure in this new year and although we have a market under pressure, we have held above major support thus far and trade just 2% off of 5 year highs.
J.C. Penney Co. Inc. - (JCP) - Last trade $21.02 - There is a high short interest in these shares going into earnings and the bar is set rather low with a (-0.14) vs 0.74 expected.. This stock trades 50% off of 52 week highs and has recently used the $16, $18 and $20 levels as support as it works on finding a bottom. They will report after the market close.. Investors webpage
Chicago Bridge & Iron Co. - (CBI) - Last trade $52.20 - A long standing leader that has made our 52 week high page often over the last several months is trading just 4.8% off 52 week highs. Expected earnings growth is for 19% - 0.83 vs 0.70.. CBI is the most complete energy infrastructure focused company in the world and a major provider of government services. They will report after the close of market. Investors webpage
Limited Brands Inc.- (LTD) - Last trade $43.63 - This stock is in a very vulnerable position as it trades 10% off it's 52 week highs going into earnings. A 16% EPS growth is expected $1.74 vs $1.50 Limited Brands, through Victoria's Secret, Pink, Bath & Body Works, La Senza and Henri Bendel, is an international company that sells lingerie, personal care and beauty products, apparel and accessories. Investors webpage
Dollar Tree Inc.- (DLTR) - Last trade $41.08 - This once loved group that outperformed for much of the last 2 years has fallen on hard times since last summer. This stock trades 27% off 52 week highs as it builds a new base using the $38 to $40 range as support so far. Earnings growth is expected to be 23% - 0.99 vs 0.80 . A national company with thousands of stores conveniently located in shopping centers and malls in all 48 contiguous states. They will report before the market open. Investors webpage.
Target Corp. - (TGT) - Last trade $64.05- 1,778 stores across the United States and at Target.com. The company plans to open its first stores in Canada in 2013. Earnings growth is expected to be all but flat with 3% - $1.48 vs $1.43 when they report before the market open. Investors webpage
TJX Cos. - (TJX) - Last trade $43.67 - Another favorite over the last few years is working on a 3 month long base that has used the $40 level as support a few times. EPS growth of 30% - 0.81 vs 0.62 is expected. The TJX Companies, Inc. is the largest off-price apparel and home fashions retailer in the U.S. and worldwide. Investors webpage
Sturm Ruger & Co. - (RGR) - Last trade $53.15 - Sturm, Ruger & Co., is one of the nation's leading manufacturers of high-quality firearms for the commercial sporting market. The only full-line manufacturer of American-Made firearms, Ruger offers consumers over 400 variations of more than 30 product lines. Expected Earnings growth of 19% - 0.94 vs 0.79 when they report after the market close. I will have an eye on this one as we are long shares of rival Smith & Wesson - (SWHC) Investors webpage
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