MarketWatch.com - Pre-Market Indications

Thursday, May 8, 2008

PreMarket - Trader Talk with Bob Pisani - CNBC.com

As expected, the ECB and the Bank of England left interest rates unchanged; the ECB at 4.0 percent. Futures dipped a bit at 8:50 am ET as Mr. Trichet began talking, giving his usual speech on the importance of combating inflation.

Retail sales, very encouraging. In general, April looked better than March, even if you include the early Easter and better weather. There are more beats than misses. The question is whether oil trumps better sales.

Beat: Wal-Mart

Wal-Mart Stores Inc
WMT

56.83 UNCH 0%
NYSE




[WMT 56.83 --- UNCH (0%) ] , Kohl's [KSS 48.72 --- UNCH (0%) ] , and teen retailers like Abercrombie [ANF 72.66 --- UNCH (0%) ] , American Eagle [AEO 18.36 --- UNCH (0%) ], Buckle [BKE 49.51 --- UNCH (0%) ] and Aeropostale [ARO 32.2 --- UNCH (0%) ] . Aeropostale was terrific, sales up 25 percent, better, far better than up 7.1 percent expected, and they raised their earnings estimate for the first quarter. American Eagle backed first quarter guidance. Bulk sellers like BJ's Wholesale[BJ 38.94 --- UNCH (0%) ] and Costco [COST 72.08 --- UNCH (0%) ] were also strong.

Worse than expected: Limited

Limited Brands Inc
LTD

17.62 UNCH 0%
NYSE




[LTD 17.62 --- UNCH (0%) ] , Gap [GPS 18.24 --- UNCH (0%) ] , Dillards [DDT 18.77 --- UNCH (0%) ] , Chico's [CHS 6.86 --- UNCH (0%) ] .

JC Penney

JC Penney Co Inc
JCP

43.998 UNCH 0%
NYSE




[JCP 43.998 --- UNCH (0%) ] guided down for May comps.

Toyota

TOYOTA MOTOR CORP
TM

104.76 UNCH 0%
NYSE




[TM 104.76 --- UNCH (0%) ] sees a 40 percent fall in operating profit for the first half of the year. Partly this may be due to higher material costs and a stronger yen, but much of it is also due to worries about a slowdown in U.S. sales growth. They're talking 1 percent growth for the year up to March 2009, well below the growth of previous years.

Yamana Gold

Yamana Gold Inc
AUY

13.75 UNCH 0%
NYSE




[AUY 13.75 --- UNCH (0%) ]reported earnings better than expected.



For Markets, Question Is Whether Oil Trumps Better Sales - Trader Talk with Bob Pisani - CNBC.com

No comments:

Post a Comment

Your spam will not get posted on my blog. No wizetrade spammers etc

Pre Market Movers - Futures Trading - Nasdaq - NYSE

Subscribe to "The $t0ckman" via email

Enter your email address:

Delivered by FeedBurner