Posts Tagged ‘recovery’

Retail Earnings Previews: Gamestop (GME), Sears Holding (SHLD) and Gap (GPS)

Posted by Michael on November 18th, 2009

wall-streetWe have three big name stocks due to report earnings tomorrow. Here is a quick glance at what Wall Street is expecting to see.

1. Gamestop (NYSE: GME): The video game retailer is due to report its third quarter numbers tomorrow morning before the opening bell. Analysts are expecting the company to show earnings of 30 cents per share. For the same period last year, the company had earnings of 34 cents per share. The stock is trading up 0.6% on the day.

2. Sears Holding (NASDAQ: SHLD): The retailer is going to be reporting its third quarter numbers tomorrow, and analysts are expecting to see a loss of $1.09. For the same period last year the company had a loss of 90 cents a share. The stock is trading down 1.2% on the day. The company will be reporting its numbers before the market opens.

3. Gap Inc. (NYSE: GPS): The clothing retailer is going to be reporting its third quarter results tomorrow, and Wall Street is looking to see the company show 44 cents per share. For the same period last year the Gap had earnings of 35 cents per share. The stock is trading down 0.8% in today’s market.

A big day for retailers, and will give us a better view of just how strong the current recovery actually is.

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Posted in After the Bell, Before the Bell, Earnings, Forecasts, Retailers Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , No Comments »

Economist believe recession has ended

Posted by Michael on October 12th, 2009

We have been hearing a lot of rumors that the recession is finally over, and we get another hint at this today with a new report that the majority of economists believe that the recession has ended but econonic recovery is going to be slow.

According to a poll by National Association for Business Economics, 80% of economists that it polled stated that they believe the recession has ended and the economy is once again expanding.

While it is encouraging to hear that the economy may be starting to expand, we still have to pay attention to two factors that are going to keep a recovery moving slowly: high unemployment and a large federal debt.

Unemployment is what is on the minds of most Americans, the majority of which have either felt the pain of losing their job, or know someone that has. September unemployment was 9.8%, and is expected to continue to climb, and will probably break through the 10% mark earlier next year. Until we start to see those numbers fall it will be hard to convince anyone that the economy is back in good shape.

Analysts expect to see unemployment break through 10% in the first quarter of next year, and then slowly start to recede back down towards 9.5% by the end of 2010. Even if we do see unemployment fall to “only” 9.5% that still means that there is going to be a lot of pain out there as American’s continue to worry about the jobs. The recovery is not really going to take off until consumer confidence and spending start to return to normal, and it will be hard for that to happen while nearly 1 out of 10 people are looking for work.

The markets all traded relatively flat today despite the encouraging news.

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Posted in Employees, Forecasts, Good News, Recession, unemployment Tags: , , , , , , , , , , , , , , , , , , , , , No Comments »