US Markets Off Day’s Stock High (ARO, ZUMZ, POT, CF, PSUN, Citigroup)
US Markets Stocks.
(EMAILWIRE.COM, March 12, 2010 ) Dallas, Tx - Today, US markets opened up , after the release of a bullish monthly retail sales report before the opening bell. But as soon as the U.S. consumer sentiment data came, markets lost all of its early glory and now trading in the negative territory.
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Amid signs that the labor market is approaching a trough but remains frail, the consumer sentiment index declined to 72.5 in March from 73.6 in February. Economists surveyed by MarketWatch had been expecting the sentiment index to hit 74 in March.
Various retail stocks are showing strength against the market.
Aeropostale, Inc. (NYSE:ARO) jumped 4.66% to $28.31 after rising as much as 8% earlier in the session. The youth-oriented apparel maker reported fourth-quarter earnings of 99 cents a share, topping Wall Street estimates by 4 cents. Revenue, same-store sales and gross margins also ramped higher for the quarter.
Zumiez Inc. (NASDAQ:ZUMZ) fell 8.30% to $18.57 after the company's first-quarter forecast came in below the Street's consensus target, overshadowing its better than expected earnings for the fourth quarter.
Potash Corp./Saskatchewan (USA) (NYSE:POT) rose 6.50% to $124.43 after the company raised its fourth-quarter earnings forecast.
CF Industries Holdings, Inc. (NYSE:CF) plunged over 4% to $96.44 after the company sealed a deal to buy Terra Industries (TRA) for $4.7 billion.
Pacific Sunwear of California, Inc. (NASDAQ:PSUN) plunged 14.50% to $4.92 after the teen retailer forecast a weak first quarter.
Citigroup Inc. (NYSE:C) fell for the first time after gaining 6 days consecutively. The stock is down 3% at $4.06.
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You can subscribe to our Daily Stock Alerts by visiting: http://www.LiquidTycoon.com .
Amid signs that the labor market is approaching a trough but remains frail, the consumer sentiment index declined to 72.5 in March from 73.6 in February. Economists surveyed by MarketWatch had been expecting the sentiment index to hit 74 in March.
Various retail stocks are showing strength against the market.
Aeropostale, Inc. (NYSE:ARO) jumped 4.66% to $28.31 after rising as much as 8% earlier in the session. The youth-oriented apparel maker reported fourth-quarter earnings of 99 cents a share, topping Wall Street estimates by 4 cents. Revenue, same-store sales and gross margins also ramped higher for the quarter.
Zumiez Inc. (NASDAQ:ZUMZ) fell 8.30% to $18.57 after the company's first-quarter forecast came in below the Street's consensus target, overshadowing its better than expected earnings for the fourth quarter.
Potash Corp./Saskatchewan (USA) (NYSE:POT) rose 6.50% to $124.43 after the company raised its fourth-quarter earnings forecast.
CF Industries Holdings, Inc. (NYSE:CF) plunged over 4% to $96.44 after the company sealed a deal to buy Terra Industries (TRA) for $4.7 billion.
Pacific Sunwear of California, Inc. (NASDAQ:PSUN) plunged 14.50% to $4.92 after the teen retailer forecast a weak first quarter.
Citigroup Inc. (NYSE:C) fell for the first time after gaining 6 days consecutively. The stock is down 3% at $4.06.
About http://www.LiquidTycoon.com
Liquid Tycoon provides stock news alerts for the investors. Many of our members have gained thousands of dollars using our stock market investment news. We also provide information on penny stocks. We send our members, free stock newsletter on hot stocks, stocks in focus, technical stocks, stocks to watch etc. You can also feature your business on our website by contacting us at the email given here.
###
Press release service and press release distribution by EmailWire.Com for public traded companies on NASDAQ, NYSE, AMEX, OTC, TMX, CNSX and Pink Sheets Stock Exchanges - http://www.emailwire.com/press_release_service_otc_pink_sheets.php
Contact Information:
Liquid Tycoon
Jim
Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Liquid Tycoon
Jim
Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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