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Aeropostale and American Eagle can expect a jump in spending on apparel and accessories this fall.

By Trefis Jul 27, 2012 12:05PM
trefisImage: Mother and daughter with shopping bags (© Big Cheese Photo/SuperStock)Apparel and accessories businesses are among the fastest growing segments this back-to-school season. 

According to a recent survey by the National Retail Federation (NRF), total spending on apparel and accessories is expected to jump over 30%, from $8.3 billion in 2011 to an expected $10.8 billion in 2012. The news comes as a positive signal for teen apparel retailers such as American Eagle Outfitters (AEO), Aeropostale (ARO), Gap Inc. (GPS), Abercrombie & Fitch (ANF), as back-to-school season holds immense importance for teen retailers, and is often regarded as a benchmark before the all important holiday season.
 

Lackluster earnings will linger as the company invests for the long term.

By Jonathan Berr Jul 27, 2012 11:46AM
Amazon logo copyright Emmanuel Dunand/AFP/Getty ImagesAmazon.com (AMZN) had a subpar quarter and sees more pain ahead for shareholders.

The Seattle company reported Thursday that net income in the last quarter plunged 96% to $7 million, or 1 cent a share, its steepest drop since 2002, according to Bloomberg News. Revenue rose 29% to $12.8 billion. The results lagged analysts' estimates of a 3-cent profit on revenue of $12.9 billion. 

To make matters worse, Amazon forecast a third-quarter loss of as much as $500 million -- compared with Wall Street's expectations of a $119.6 million gain -- while sales in the current quarter are estimated at $12.9 billion to $14.3 billion.
 
Tags: AMZN

Stocks, bonds or commodities? Financial experts debate which asset class is the best bet for now.

By The Fiscal Times Jul 27, 2012 11:26AM
Image: Businessman reading newspaper © A. Chederros/ONOKY/Getty ImagesBy Suzanne McGee The Fiscal Times

Every so often, an event organized by a big financial services conglomerate (primarily to promote a product it has developed) can provide some interesting food for thought. The recent UBS-sponsored debate over whether we're heading into a "risk on" or "risk off" environment was one example.

The two men facing off, Mark Fisher and Dennis Gartman, recently put their heads together with some folks at UBS (UBS) to come up with a "risk on" and a "risk off" index on which the bank and its team of financial advisors could structure and sell exchange-traded notes. Think the market's mood is going to turn again? Well, you can dump your "risk off" notes (the index is made up of long positions in Treasury bond futures, the German bund and the Japanese yen, and short positions in crude oil, an S&P 500 ETF and a Russian stock market ETF to name only a few) and move into their "risk on" counterparts (you'd end up with long positions in everything from corn futures and a Brazilian Real fund to a variety of US stock ETFs).
 

Sprint upgraded to `buy', Coinstar downgraded to `sector perform'

By Jonathan Berr Jul 27, 2012 10:54AM
Information provided by Theflyonthewall.com.

Today's noteworthy upgrades include:
Raymond James (RJF) upgraded to Buy from Hold at Sander O'Neill
SunTrust (STI) upgraded to Hold from Sell at ISI Group
SBA Communications (SBA) upgraded from Buy to Hold  at Stifel Nicolaus
 
Tags: ABXALUGES

Things seemed all backward with Amazon, Starbucks and Facebook.

By Jim Cramer Jul 27, 2012 10:48AM

On the surface it was all backward Thursday night.


First, Amazon (AMZN) gave us one of the biggest misses I have ever seen, a wholesale retreat, almost comical in its lack of relation to the profitability people were looking for, a gigantic step backward for this $100 billion company.


Starbucks (SBUX), on the other hand, gave us a strong number with 7% comp sales that was able to mask the European problems that we knew were plaguing it. Looks like there's going to be hope of a quicker turnaround after all.

 

Luxury home furnishings retailer Restoration Hardware might have a better go this time.

By InvestorPlace Jul 27, 2012 10:10AM
By Will Ashworth

Luxury home furnishings brand Restoration Hardware is going public in late summer or early fall, exactly a year after initially filing with the SEC. This isn't the first time it's gone public. In June 1998, it sold 3.3 million shares at $19 for net proceeds to the company of $47.8 million. Last time it traded on the NASDAQ; this time it's going on the NYSE.

Depending on how this is priced, it should be a very interesting IPO.

 

The magazine's owner hints that the publication will become online only, casting doubt on the future of the venerable weekly.

By TheWeek.com Jul 27, 2012 9:59AM

This revolution might not be covered in Newsweek's pages. Barry Diller, whose company IAC/InterActiveCorp. (IACI), recently became the majority owner of the magazine, strongly suggested Wednesday that Newsweek could become an online-only publication.

 

"The transition to online from hard print will take place," he said, going on to say that the brand is going to be "different" next year. "We are examining all of our options." A spokesperson for Diller later said he was speaking of the news business in general, but that didn't stop commentators from speculating on the future of the 79-year-old newsweekly, which was joined at the hip with The Daily Beast website (and its mercurial editor, Tina Brown) in 2010, but continues to bleed money.

 

After a huge fraud settlement, the drug company has new management and a promising future.

By TheStockAdvisors Jul 27, 2012 9:54AM
By Vivian Lewis, Global Investing

UK-based GlaxoSmithKline (GSK) lost its ethical way and reputation due to promotions for tranquilizers aimed at teenagers -- even though the drugs were never approved for their use.

The firm has had to pay $3 billion. The settlement is the largest fraud case any firm in the US healthcare industry ever paid. Now you know the bad news. The good news is that the former  managers responsible have been replaced and the company's future drug pipeline is strong. 
Tags: GSK

Weakness in Europe hurts overall profit at the coffee giant.

By Jonathan Berr Jul 26, 2012 8:51PM
Image: Starbucks © Bloomberg, Getty ImagesShares of Starbucks (SBUX) plunged in after-hours trading Thursday after the coffee retailer reported worse-than-expected earnings and slashed its outlook, citing the economic turmoil in Europe, among other reasons.

Net income rose 19% to $333.1 million, or 43 cents a share, from $279.1 million, or 36 cents, a year earlier. Revenue surged 13% to $3.3 billion, fueled by a 6% gain in stores opened for at least a year. The results trailed Wall Street consensus forecasts of profit of 45 cents on revenue of $3.3 billion.
 
Tags: SBUX

The company meets profit expectations and slightly beats on revenue its first quarterly release. CEO Zuckerberg participates in the conference call.

By Kim Peterson Jul 26, 2012 4:36PM
Facebook (FB) didn't exactly hit a home run in its quarterly earnings report Thursday, but it didn't disappoint, either. Still, investors were concerned and took the stock down to record lows in after-hours trading.

The social networking company reported an adjusted profit of $295 million, or 12 cents a share, on $1.18 billion in revenue. That was in line with analyst expectations on profit and slightly more than the $1.15 billion expected in revenue. If you include costs related to share-based compensation and payroll taxes, Facebook reported a loss of $157 million, or 8 cents a share. 
Tags: FBZNGA

The cruise company struggles to come back from the Costa Concordia crash. The economic downturn in Europe isn't helping either.

By Benzinga Jul 26, 2012 4:12PM
By Katey Stapleton

Image: Cruise ship (© Keith Wood/Corbis)Royal Caribbean (RCL) reported a loss in its second quarter, hurt by the economic turmoil in Europe and a broad industry downturn after the Costa Concordia disaster in January.


The cruise line company reported a loss of $3.6 million, or 2 cents per share, a steep drop from net income of $93.5 million, or 43 cents per share, a year earlier. Revenue rose 3% to $1.82 billion. The numbers missed the analyst consensus of 3 cents per share in profit on revenue of $1.84 billion.


Royal Caribbean also cut its guidance for the current quarter, and said it expected net yields to decrease about 5% on an as-reported basis. The quarterly results also included a 5 cent per-share mark-to-market loss on the company's fuel option portfolio.

 

The European Central Bank president encourages investors with his 'whatever it takes' promise.

By Jim J. Jubak Jul 26, 2012 2:36PM
Thursday morning's stock market action was exactly what I meant when I said watch out for event risk.

European Central Bank President Mario Draghi confirmed in a speech Thursday that the ECB is committed to defending the euro -- and stocks roared ahead.
 

In yet another apparent strategy shift, the retailer is reportedly looking at significant markdowns to win shoppers back.

By Kim Peterson Jul 26, 2012 2:07PM
JC Penney (JCP) is changing its prices again, hoping this time that deep markdowns will finally resonate with shoppers frustrated with the company's policies.

The company is dropping the month-long special discounts that cut prices of certain items by as much as 29%, The Wall Street Journal reported. Instead, starting in August, Penney plans to cut prices permanently on a broad swath of items.

There will be just two kinds of prices: everyday low prices and clearance prices. 

Stocks climb as the European Central Bank commits to saving the euro.

By MSN Money Partner Jul 26, 2012 1:20PM
Information provided by Theflyonthewall.com

Zynga (ZNGA) plunged almost 40% after it missed quarterly expectations and slashed its full year outlook. 

Facebook (FB) shares dropped 6% in sympathy, with the social network giant preparing to report results -- for the first time since going public -- after the bell Thursday. 
 

4 stocks the manager of the FPA Crescent Fund keeps acquiring.

By GuruFocus.com Jul 26, 2012 12:59PM
Steven Romick is a strict bottom-up investor who does not neglect the macro picture. In the second quarter, he finds stocks neither particularly cheap nor particularly expensive, according to his second-quarter commentary on his FPA Crescent Fund

Romick believes that central bankers are leading the world to inflation, where his stocks should at least perform "nominally well." But, he says, "if a business or asset is good and cheap -- absolutely, not relatively -- we'll buy it."

These are the stocks the fund manager keeps buying:  
 

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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).

Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More


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