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Zacks Analyst Blog Highlights: Ambercrombie & Fitch Co., Costco, Target, Walgreen Co. and Rite Aid http://www.zacks.com/
By: Business Wire | 06 Nov 2009 | 05:00 PM ET
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CHICAGO, Nov 06, 2009 (BUSINESS WIRE) -- 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: Ambercrombie & Fitch Co. (NYSE: ANF), Costco (Nasdaq: COST), Target (NYSE: TGT), Walgreen Co. (NYSE: WAG) and Rite Aid (NYSE: RAD).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579 Here are highlights from Thursday's Analyst Blog: Easy Comps Help Retail Sales Among teen retailers, Ambercrombie & Fitch Co. (NYSE: ANF) posted weaker-than-expected results, with same-store sales down 15%. Among discounters, Costco (Nasdaq: COST) had strong numbers, beating expectations; while Target's (NYSE: TGT) 0.1% decline was below the flat-results. Walgreen Co. (NYSE: WAG) reported strong same-store sales numbers, maintaining its momentum from the previous month, while Rite Aid (NYSE: RAD) continued to struggle.

While the economy has come out of the recession, the consumer is still hard pressed, given the dismal labor market and continued housing overhang. With another employment report due tomorrow -- and expectations of around 170,000 jobs lost in October -- any meaningful improvement in the retail scene will have to wait a turnaround in the labor market.

The saving grace for retailers in their fiscal third quarter results (typically ends October 30th) is the relatively easier comparison with the extremely bad 2008.

Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5514.

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=5516 About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics 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=4580.

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.

SOURCE: Zacks.com CONTACT: Zacks.com Mark Vickery Web Content Editor 312-265-9380 Visit: www.zacks.com Copyright Business Wire 2009 -0- KEYWORD: United States

North America

Illinois INDUSTRY KEYWORD: Professional Services

Finance

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