The Pep Boys - Manny, Moe & Jack (Public, NYSE:PBY) stock is up 6% today due to its Q1 profit jumping 47%. But how they got that number wasn't from same-stores sales numbers or even rising revenue. So why is the stock on fire and will the fire die before the market closes? That huge gain in profits is due to the Boys selling properties and then leasing them back from the buyers offset a drop in revenue. Before we get into the 'good' numbers, let's look at the bottom line: Revenue fell 8 percent to $498 million, from $539.6 million in the first quarter of 2008. Analysts ...

Monday Economic: Pending Home Sales Index Earnings: Krispy Kreme Doughnut (KKD), Ashworth (ASHW) Tuesday Economic: International Trade ($-59.5B) Earnings: Pep Boys (PBY), Sonic Solutions (SNIC) Wednesday Economic: Weekly Crude, Beige Book, Treasury Budget ($-155.0B) Earnings: Casey’s General Store (CASY), Cybertronics (CYBX), Piedmont Natural Gas (PNY) Thursday Economic: Weekly Claims (365K), Retail Sales (+0.5%), Import and Export Prices (+2.0%), Business Inventories (+0.3%) Earnings: Capstone Turbine (CPST), Catalyst Semi (CATS), Finisar (FNSR) Friday Economic: Consumer Price Index (+0.5%, +0.2%), Consumer Sentiment (59.8) http://stockweb.blogspot.com/atom.xml