The Zacks Analyst Blog Highlights: Wal-Mart, Costco, Limited Brands, Zumiez and Clear Channel Outdoor - Press Releases
March 02 2012 - 3:30AM
Zacks
For Immediate Release
Chicago, IL – March 2, 2012 – 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 Wal-Mart (
WMT), Costco (COST), Limited
Brands ( LTD), Zumiez (ZUMZ)
and Clear Channel Outdoor ( CCO).
Get the most recent insight from Zacks Equity Research with the
free Profit from the Pros newsletter:
http://at.zacks.com/?id=5513
Here are highlights from Thursday’s Analyst
Blog:
Plethora of New Info – Most of It
Good
Fed-watch aside, investors have two broadly positive economic
releases this morning in the Jobless Claims and Personal Income
& Outlays reports. The monthly Personal Income & Outlays
report for January was a tad shy of expectations, but pointed to
continued positive improvement in the economy.
Wednesday’s favorable revision to the fourth quarter GDP, driven
mostly by the Personal Income & Outlays component, is pointing
towards positive momentum coming into the first quarter. The income
strength is particularly noteworthy, as it is likely reflecting
more resilience in the labor market than captured by the official
payroll data.
We will get the official February jobs numbers on Friday next
week, but all indicators are pointing towards momentum building in
the labor market. This morning’s Jobless Claims data is just the
latest in that regard, which will likely get further confirmation
by the employment component of today’s ISM report.
Initial Jobless Claims came in better than expected – down 2K to
351K vs. expectations of a modest rise. The prior week’s tally was
modestly revised upwards to 353K from the originally reported 351K.
The four-week average, which smoothes out the week-to-week
fluctuation, dropped 5.5K to 354K, the lowest level since March
2008. This key data series has been consistently moving favorably
in recent weeks, contrary to initial skepticism on the part of some
in the market, pointing to a steadily healing U.S. labor
market.
In corporate news, we got a 9% dividend hike
from Wal-Mart ( WMT) this morning. We
are also getting February same-store sales numbers from a host of
retailers this morning, with better than expected results
from Costco (COST), Limited
Brands ( LTD)
and Zumiez (ZUMZ). Shares
of Clear Channel Outdoor ( CCO) will be
in the spotlight today following the company’s announcement this
morning of a special dividend for its Class A and B shares.
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CLEAR CHANL OUT (CCO): Free Stock Analysis Report
COSTCO WHOLE CP (COST): Free Stock Analysis Report
LIMITED BRANDS (LTD): Free Stock Analysis Report
WAL-MART STORES (WMT): Free Stock Analysis Report
ZUMIEZ INC (ZUMZ): Free Stock Analysis Report
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