PDA

View Full Version : 10-21-04 report



BettorsChat
10-25-2004, 02:04 AM
Google's First Earnings Report! <br />
By Brice Wightman <br />
<br />
<br />
Stocks were mixed Thursday, with technology leading, boosted by a good report from eBay. <br />
<br />
After the close, Microsoft (MSFT) reported $0.32...

wallstreet
10-25-2004, 10:24 AM
Good stuff BC!

:D

BettorsChat
10-25-2004, 10:59 AM
Funny thing is look at S and how its been coming down then the big news hits. Just goes to show you who really has the inside track out there.

wallstreet
10-25-2004, 11:11 AM
S has been a dog for quite some time, but you are correct..likely some insiders were dumping and telling, then people who watch that indicator saw and started doing the same.

Market is ticking time doing little until the election.

wallstreet
10-25-2004, 12:39 PM
BC.

If you want some S..

Pull up a 2 yr chart and buy on that nasty dip in April 03, around 20 bucks. I imagine it will try and find support around 27 or so, but I wouldnt buy until it became extremely cheap.

BettorsChat
11-05-2004, 11:17 AM
Vornado buys 4.3 percent stake in Sears
Fri Nov 5, 2004 10:10 AM ET
NEW YORK, Nov 5 (Reuters) - Vornado Realty Trust (VNO.N: Quote, Profile, Research) said on Friday it bought a 4.3 percent stake in the retailer Sears, Roebuck & Co. (S.N: Quote, Profile, Research) .
Shares of Sears rose more than 20 percent, or $7.57, to $44.75 on the New York Stock Exchange in morning trading. Vornado's shares, which also trade on the New York Stock Exchange. fell 63 cents to $68.62.

BettorsChat
11-05-2004, 11:19 AM
Sears Sales Rise on Appliance Strength
Thursday November 4, 2:10 pm ET


ATLANTA (Reuters) - Sears, Roebuck & Co. (NYSE:S - News) on Thursday said sales at stores open at least a year rose 1.9 percent in October, breaking a string of six straight monthly declines, helped by growth in appliances.

The company's shares rose $1.80, or 5 percent, to $37.20 on the New York Stock Exchange in mid-afternoon trading.

Analysts, on average, had expected same-store sales to drop 0.2 percent, according to a Reuters survey.

The Hoffman Estates, Illinois, department store operator said total domestic store revenue edged up 0.1 percent to $1.90 billion in the four weeks ended Oct. 30.

Home appliance sales rose in the high single-digit range as consumers bought premium products such as the Kenmore HE4t front-load washer, a water saver that includes a sanitary cycle, and a refrigerator equipped with PUR water filters. Sales also grew in consumer electronics and tools and paint, the company said.

Sears is locked in an intense appliance market share battle with home improvement retailers Home Depot (NYSE:HD - News) and Lowe's Cos. (NYSE:LOW - News), and has taken a number of steps to defend its No. 1 position.

"They're introducing more new products, often before they are available anywhere else in the marketplace," said Alan Wolf, a senior editor at TWICE, an appliance and electronics industry publication.

Over the past year and a half, Sears has redesigned its appliance showrooms and now offers a wider assortment of products that consumers can take home the day of purchase.

The retailer has also expanded locations where consumers can buy appliances outside of its 872 **** stores. It now sells appliances at 790 Sears Dealer stores, 88 Sears Hardware stores and more than 60 Great Indoors and Sears outlet stores.

The changes have helped stem market share losses. According to an industry source, Sears' share of core major appliances stood at 37.2 percent as of the third quarter, an improvement from the year earlier.

On Thursday, Sears unveiled plans to sell appliances at more locations with the acquisition of Westar Contract Kitchen & Bath, a supplier of high-end kitchen appliances to builders and remodelers in the U.S. Southwest. Westar's showrooms in Arizona and Nevada sell premium brands such as Sub-Zero, Viking and GE Monogram.

Meanwhile, Sears' apparel sales fell slightly from last October. Specialty retail revenue was up in the mid-single-digit range, with sales gains at the dealer stores, Great Indoors and Orchard Supply Hardware, the company said.

Sears shares were up $1.73 to $37.13 in afternoon New York Stock Exchange trading.

BettorsChat
11-05-2004, 11:20 AM
Associated Press
Sears October Same-Store Sales Beat View
Thursday November 4, 9:47 am ET
Sears October Same-Store Sales Climb 1.9 Percent to Meet Expectations for Improved Performance


HOFFMAN ESTATES, Ill. (AP) -- Products and services retailer Sears, Roebuck & Co. on Thursday said October same-store sales, which rose 1.9 percent, met its expectations for improved performance.
Analysts surveyed by Thomson First Call had anticipated a decline of 0.5 percent.

Total October sales rose 0.1 percent to $1.9 billion as the company's home appliance business grew due to customer response to new products. Home electronics sales increased following a reset of the department. Apparel sales were below the year-ago, as expected.

Specialty retail revenues were up in the mid-single digit range, with sales gains achieved at Sears dealer stores, The Great Indoors and Orchard Supply Hardware.

Year-to-date same-store sales fell 2.1 percent, while total sales dropped 3.4 percent to $18.66 billion.

Shares of Sears were unchanged at $35.40 in early activity on the New York Stock Exchange.

wallstreet
11-05-2004, 11:25 AM
BC,

IF I had S, I would take some off the table today. Stock hit 46, backing off to 43 already. It is a good opp for locking profits in..

But then it could go higher!

:D