|
Family Dollar Chart Showing Bullish Pennant Following Earnings |
|
| Jul 08, 2008 03:48 PM UTC |
|
Tracked Blogger
|
7/7 - "The company pleased investors last week, when it reported fiscal Q3 EPS of 46 cents and revenues of $1.7 billion. Analysts had been looking for 40 cents and $1.7 billion. The CEO attributed success to the company's "intense focus on controlling expenses and mitigating inventory risk." Management also guided Q4 EPS to 30-35 cents (29 cent consensus). FDO shares popped on the news and then moved into the initial stage of a bullish "pennant" consolidation pattern. Prices frequently exit pennants moving in the same direction they were traveling on entry. In this case, that would be to the upside." "Over the past 52 weeks, it has traded between $14.62 and $35.41. A stop-loss of $19.50 looks good here." 
Read the rest of original post »
|
|||||||||||||||
|
3 Related Views
| ||||||||||||||||
|
| ||||||||||||||||
 N/A |
The Trade-Down Effect
6/16 - "In recent months we have seen soaring fuel and food prices, declining home prices and home equity, a fairly high increase in the unemployment rate and an economy which has slowed considerably from its levels just a few months earlier. Yet at the same time we are seeing the consumer holding up better than many folks had anticipated. So where are people spending money? Obviously, some of ...
|
|||||||||||||||
|
| ||||||||||||||||
|
55% risk: moderate |
Discount Retailers Worth Looking at in Weak Economy
7/2 - "Commenting on the retail sector, Cramer said it was "horrible," and that he has been telling investors to look at discount retailers Costco (COST - Cramer's Take - Stockpickr), TJX Companies (TJX - Cramer's Take - Stockpickr) and Family Dollar (FDO - Cramer's Take - Stockpickr). He said that "we're in bad shape in the country right now," and stocks are reflecting this reality."
|
|||||||||||||||
|
| ||||||||||||||||
|
N/A risk: conservative |
Raising Price Target on Family Dollar Following Earnings; Reiterate Buy
7/3 - "...same-store sales are currently tracking up about 6%, a sharp acceleration from recent months and the strongest they have been in two years. While tax-rebate spending is a significant factor behind the better trends, we are incrementally confident that an accelerating consumer trade-down dynamic, company initiatives, and a forthcoming increase in the minimum wage will help sustain mome...
|
|||||||||||||||
Add Comment
Be the first to comment on this story and earn 2 points.
Your Comment
|
|
IN THE PRESS |
|
|
|
|
|
|
| About | RSS | Feedback | Contact Us | Terms of Service | Privacy |
© 2009 FinancialContent Services, Inc. |
|
Data powered by FinancialContent. All Rights Reserved. Quotes delayed at least 20 minutes unless otherwise indicated. |
|
None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser. |
