Lululemon, Tiffany and JetBlue Lead Stock Climbers in Trading Action
This afternoon, markets are searching for direction after a solid morning lift of stock market prices. Here are a few of the top stocks driving the investor and trader chatter today:
lululemon athletica (NASDAQ:LULU): Comparable-store sales for Q4 are predicted to show a low- to mid-twenties percentage increase on a constant-dollar basis. This compares to the company’s previous guidance for Q4 of low- to mid-teens comparable-store sales.
Tiffany (NYSE:TIF) dropped its full-year EPS guidance to $3.60-$3.65 from its previous outlook of $3.70-$3.80. Analysts’ consensus estimate was $3.76. The luxury retailer claimed that during the two months ended December 31 its sales had slumped markedly in the U.S. and Europe. However, the company’s holiday sales still rose 7 percent year-over-year, and its same-store sales increased 4 percent. Tiffany CEO Michael Kowalski said, “We remain confident of our ability to expand our worldwide presence, to serve the growing global demand for Tiffany products and to achieve a solid rate of annual growth in sales and earnings in 2012.” Tiffany fell $6.99, or 10.44 percent, in early trading to $59.95. Other luxury retailers also dropped, with Saks (NYSE:SKS) declining 2.79 percent to $9.41 and Nordstrom (NYSE:JWN) down 0.99 percent to $49.17.
RBC forecasts that bank stocks could climb 20 percent to 25 percent in 2012, and Fifth Third Bancorp (NASDAQ:FITB) is one of analyst Gerard Cassidy’s top picks for 2012.
JetBlue Airways (NASDAQ:JBLU): American (NYSE:AMR), Delta (NYSE:DAL), United (NYSE:UAL) and US Airways (NYSE:LCC) have all tacked a $3 fee onto flights to Europe, as a means of offsetting the expense of a rigorous new European emission plan, The Los Angeles Times reported.
Green Mountain Coffee Roasters (NASDAQ:GMCR) today announced that it will reveal financial results for its fiscal 2012 first quarter in a press release following the close of the financial markets on Feb. 1, 2012.
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