For Immediate Release

Chicago, IL – November 13, 2009 – Zacks Equity Research highlights Expedia Inc. (EXPE) as the Bull of the Day and Triumph Group, Inc. (TGI) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Target (TGT), TJ Maxx/Marshall’s (TJX) and Abercrombie & Fitch (ANF).

Full analysis of all these stocks is available at http://at.zacks.com/?id=5506

Here is a synopsis of all five stocks:

Bull of the Day:

Expedia Inc. (EXPE) is one of the leading online travel companies in the world. The company reported strong results in the last quarter, beating the Zacks Consensus Estimate. Promotional activity continues to have a positive impact on the conversion rate, and spending is expected to strengthen in the next few quarters.

We are also positive about international initiatives, which we think will be the key to future growth.

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Initial claims for unemployment insurance (or jobless claims) fell to 502,000 last week -- a drop of 12,000 from last week's revised level (and 10,000 from last week’s unrevised level). That brought the four-week moving average down to 519,750 -- a decline of 4,500 from last week, and of 139,000 from its mid-April peak. That was the lowest level of initial claims since the first week of January (when the numbers were distorted due to the New Years Holiday). As the chart below (from http://www.calculatedriskblog.com/) shows, that was probably the high point for this cycle. The decline has been quite smooth and steady -- unlike the experience of the last two economic downturns, where after an initial decline, claims leveled off and remained high for an extended period of time. The fact that we are back to around the same levels we were in January points ...

Initial claims for unemployment insurance (or jobless claims) fell to 502,000 last week -- a drop of 12,000 from last week's revised level (and 10,000 from last week’s unrevised level). That brought the four-week moving average down to 519,750 -- a decline of 4,500 from last week, and of 139,000 from its mid-April peak. That was the lowest level of initial claims since the first week of January (when the numbers were distorted due to the New Years Holiday). As the chart below (from http://www.calculatedriskblog.com/) shows, that was probably the high point for this cycle. The decline has been quite smooth and steady -- unlike the experience of the last two economic downturns, where after an initial decline, claims leveled off and remained high for an extended period of time. The fact that we are back to around the same levels we were in January points ...

The Dow Jones industrial average rose 61 points on Thursday as traders reacted to news that retailers last month had their first sales gain in more than a year.  A closely watched gauge of sales at major retailers rose 0.1% in September. Still, most stores posted sales declines -- though smaller than in recent months -- even as their figures are compared with last September when business plummeted as the financial meltdown ballooned.  While still tepid, it was the first monthly rise in the International Council of Shopping Centers-Goldman Sachs tally since July 2008. 

On Thursday, the European Central Bank and Bank of England left interest rates unchanged.  Sentiment also received a boost from domestic corporate borrowing, which rose for the eight straight week. 

The growing optimism surrounding consumer spending, which is crucial for an economic recovery, followed late Wednesday's good results from Alcoa.  The company surprised investors with

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• Boeing (NYSE:BA) announced it will take a third quarter charge of $1 billion due to higher production costs and difficult market conditions for its 747-8 program. The firm will also delay, until 2010, the initial flight of its 747-8 jumbo freighter

• Microsoft (NASDAQ:MSFT) released its new mobile-phone software to take on Apple's (NASDAQ:AAPL) iPhone

• Amazon.com (NYSE:AMZN) announced the company will begin selling an international version of its e-reader in over 100 countries. The firm also lowered the price of

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Today we took two steps back, one step forward in terms of the economic data. The step forward is a very solid increase in the U of Michigan consumer sentiment survey. The steps back were the reports on new goods for Durable Goods and New Home Sales. The consumer sentiment index rose to 73.5 in September from 65.7 in August and was well above expectations of 70.3. This is the highest reading in two years. The index has two sub-components -- current conditions and expectations about the next year. The current conditions index rose to 73.4 from 66.6 in August and the six-month forward expectations jumped to 73.5 in September from 65.0 in August. Clearly consumers are getting more optimistic. They are thus more likely to open up their wallets, although they may be constrained in doing so due to the high rate of unemployment and ...

Last week (8/29), there were 570,000 initial claims for unemployment insurance -- down from 574,000 the week before, but that 574,000 was revised up from 570,000, so it really is about flat with last week. The four-week moving average ticked up again, for the third week in a row now, but remains well below the peak set in mid-April. The current four-week average of 571,250 is 4000 above last week. The Chart below (from http://www.calculatedriskblog.com/) puts the recent uptick in perspective. You have to look very closely to see it. I remain convinced we have seen the highs for the cycle, but we are probably in for a long period of jagged sideways movement. That was the pattern in the last two recessions, where initial claims stayed elevated for about two years after hitting their highs. Historically, it has been the peak that has signaled the end of ...

 

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Thursday September 3, 2009

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China Aoxing Pharmaceutical Company, Inc. (OTCBB: CAXG) (”China Aoxing”), a pharmaceutical company specializing in research, development, manufacturing and marketing of narcotic and pain-management products, today announced that it has submitted a new drug application (NDA) to the China State Food and Drug Administration (SFDA) for its Codeine Phosphate, a compound oral

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The retail sector is all over the news. Unfortunately, the headlines are almost all negative. As unemployment risks remain high, consumers refuse to spend.

It has been a tough week if you have anything to do with the world of retail. Just about every company that opened its books to the Street this week got punished for the act.

The list of “disappointing” reports is getting longer by the day.

Lowes (NYSE:LOW) kicked off the week with scary-low figures. Home Depot (NYSE:HD) beat the Street but still got punished after a slew of less-than-stellar economic reports.

Outside of the home-centric sector, shares of Liz Claiborne (NYSE:LIZ) plummeted on Monday after the Standard and Poor’s cut its rating on the unprofitable retailer to B, a two-notch downgrade. The company’s rating now stands five levels below investment grade.

High-end retailer Abercrombie & Fitch (NYSE:ANF) is also deep in negative

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• Nordstrom (NYSE:JWN) reported inline fiscal second quarter earnings of 48 cents a share as revenues fell 6.2% from a year earlier to $2.15 billion versus Zacks estimates of $2.14 billion.  The firm raised its full-year guidance to $1.50 to $1.65 a share from its previous guidance of $1.25 to $1.50 a share

• Abercrombie & Fitch (NYSE:ANF) reported a second-quarter loss of 30 cents a share, compared with Zacks estimates of a 6 cents loss on inline revenues off 23.3% to $648 million

• Blockbuster (NYSE:BBI) reported a second quarter loss of 19 cents, a 7 cents miss, on revenues of $1.02 billion off Zacks estimates of $1.11 billion.  The firm said it now expects 2009 EBITDA of $3.05 to $3.25 a share, compared with its prior view of $2.70 to $2.90 a share

• JCPenney (NYSE:JCP) beat estimates of a 1 cent loss, posting breakeven results on inline revenues of $3.94

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