J. CREW SURGE:
The headline: J. Crew (JCG) Earnings After the Bell Spark 8% Surge
The word: Jeff Macke says CEO Millard Drexler is proving himself at the helm of this “good retailer.” And with all good retailers, Jeff says, gas prices didn’t come up in the conference call.
WHEREFORE ART THOU, FOLEO?:
The headline:Palm (PALM) Shares Drop As New Device “Foleo” Draws Bad Reviews
The word: Eric Bolling has nothing good to say about the Foleo either. It’s not a smartphone, it’s not a laptop, the software is weak and it costs $500, he says. While everyone else is designing smaller handhelds, Palm comes out with one that’s too big, Pete Najarian says, exemplifying how out-of-touch the company is with what people want.
TEARS FOR SEARS:
The headline:Sears Holdings (SHLD) Shares Fall On Disappointing Earnings
The word: The conference call blamed the economy and high gas prices, Jeff says, but he isn’t buying it. “This isn’t a retailer. It’s a hedge fund with a terrible rate of return on the retail assets,” he says. Pete thinks CEO Eddie Lampert is the only reason to own Sears.