This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at firstname.lastname@example.org or call 800-767-3771 ext. 9339.
For Immediate Release
Chicago, IL – December 17, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Target Corporation ( TGT - Analyst Report ) , Macy’s Inc. ( M - Analyst Report ) , Kohl’s Corporation ( KSS - Analyst Report ) , Nordstrom Inc. ( JWN - Analyst Report ) ) and Home Depot Inc. ( HD - Analyst Report ) .
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Friday’s Analyst Blog:
Will December Mirror November Sales?
November retail sales data are out amid an economy which has been exposed to a number of mixed events. On one hand, the Labor Department indicated that initial jobless claims have fallen 29,000 to 343,000; on the other, consumer sentiment is showing a negative inclination, largely due to the looming fiscal cliff. Again, the unemployment rate declined to 7.7% in November from 7.9% in October, but it remains well above the Federal’s long-term target of 5.2% to 6.0%.
In such a scenario, November retail sales data revealed an upswing from October. According to the data released by the U.S. Department of Commerce, total retail and food services sales (including non-general merchandise categories such as automobiles, gasoline stations and restaurants) jumped 0.3% in November, rebounding from a decline of an equivalent percentage in October.
Hurricane Sandy did enough to derail November sales, but a modestly improving job market, falling gasoline prices and a resurging housing market favorably impacted the holiday shopping season, with consumer spending picking some momentum. Data compiled by National Retail Federation (NRF), the nation's largest retail trade group, suggested that November retail sales (which exclude automobiles, gas stations and restaurants) inched up 0.8% from October.
Consequently, NRF reiterated its holiday sales forecast of 4.1% jump in November and December period to $586.1 billion, which is short of the 5.6% growth registered last year. However, it is above the 10-year average sales increment of 3.5%.
Sandy dampened the November comparable-store sales performance of Target Corporation ( TGT - Analyst Report ) , Macy’s Inc. ( M - Analyst Report ) , Kohl’s Corporation ( KSS - Analyst Report ) and Nordstrom Inc. ( JWN - Analyst Report ) , all of which missed the forecasts. (Also read: Sandy Derails November Comps).
Home improvement retailers, such as Home Depot Inc. ( HD - Analyst Report ) were the beneficiaries when Hurricane Sandy hit the U.S. East Coast. Customers rushed to get hold of flashlights, generators and batteries before the storm and came back to buy materials for repairing purposes after Hurricane Sandy wreaked havoc.
The question now is, “Will December retail sales mirror or surpass November’s performance?” The answer is very tough at this juncture, as the economy is surrounded by slew of events, the latest being the Fed’s announcement to spend $45 billion to buy long-term treasuries in addition to the $40 billion per month in mortgage-backed bonds. The Fed also said that it will continue to maintain short-term interest rate at near zero levels till the U.S. unemployment rate drops below 6.5%.
However, this encouraging announcement was not enough to negate the Fiscal Cliff of $600 billion in tax increases and spending cuts. Republicans and Democrats continue to wrangle about ways to find a solution. Analysts are thus projecting soft economic growth as companies shy away from making big investments until a negotiation is reached. The austerity measures and fear of impending tax hike are creating some panic among consumers.
Thus, we believe that retailers have to cover this holiday season with compelling pricing, promotional strategies and new products launches to attract shoppers. Despite lingering concerns, we hope the arrival of Christmas guides demand higher and shed consumers’ apprehension.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks Investment Research
800-767-3771 ext. 9339
Please login to Zacks.com or register to post a comment.