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Share Name | Share Symbol | Market | Type |
---|---|---|---|
LandBridge Company LLC | NYSE:LB | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-2.36 | -7.57% | 28.80 | 32.09 | 28.019 | 31.16 | 589,317 | 00:04:41 |
*Complimentary downloadable research on Chico's FAS Inc. is accessible upon registration at http://www.rothmanresearch.com/article/ltd/23448/Apr-20-2010.html
Since the earnings season started, we are also seeing improved financial reports from different sectors which a year ago would have been a feat, and positive economic data is starting to build up momentum. For instance, the last Industrial Production Update in the U.S. had some positive trends which indicated that overall production is getting back on track with a year-over-year growth of 4% in March. Release of this report had a prevalent optimistic effect on the market which firstly ignored the unforeseen surge in weekly jobless claims, and focused on some positive corrections on retail stocks last Thursday. "We have seen some positive actions in some of the retail stocks, like Limited Brands Inc. (NYSE: LTD), these past weeks even with unemployment at a very uncomfortable level. This is mainly due to the growing consumer spending. Limited Brands, as an example, had great fourth-quarter 2009 readings which can be attributed to the company's constant efforts in managing cost and inventory. With consumers gradually shifting their 'wait-and-see' attitude to 'shopping mode,' we have seen Limited Brands comparable-store sales produce consistent growth in the first months of 2010 after a 2% drop in December 2009. With its earnings announcement due for mid-May, we are expecting positive results for the companies first quarter 2010, even if they are in low single digit," commented Jack Benassi of www.rothmanresearch.com.
*Direct & free downloadable report on Limited Brands Inc. is available by signing up now at http://www.rothmanresearch.com/article/ltd/23447/Apr-20-2010.html
This string of positive news and recoup in consumer spending does seem to have a hollow feeling, however, as the truth remains that the U.S. still has a lot of unemployed people out there.
*www.rothmanresearch.com is a source for investors seeking free information on the apparel stores industry; investors are encouraged to sign up for free at http://www.rothmanresearch.com/index.php?id=6&name=Register.
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For More Information Contact: Jack Benassi info@rothmanresearch.com
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