Big Dollar Losers: TGT, ZUMZ, MSM, AZO

Target Corporation (NYSE:TGT) fell $3.80 or 6.45% to $55.13 on an unusual volume of 16.48 million shares. The stock announced that for the fourth quarter of 2010, it expects to achieve sales and profitability consistent with prior guidance. According to Reuters Estimates, analysts on an average are expecting the Company to report EPS of $1.38 for the fourth quarter of 2010. Zumiez Inc. (NASDAQ:ZUMZ) plunged $2.12 or 7.95% to $24.55 on an unusual volume of 1.31 million shares.  The stock reported same-store sales growth that fell short of Wall Street estimates. For December, Zumiez said sales at stores open at least one year rose 9.2%, versus analysts' average estimate of 11.5%. MSC Industrial Direct Co., Inc. (NYSE:MSM) also plunged $3.40or 5.21% to $61.86 over an unusual volume of 1.08 million shares after Bank of America Merrill Lynch analysts downgraded shares) from a "buy" rating to a "neutral" rating. It also reported financial results for its first quarter ended November 27, 2010. For the fiscal 2011 first quarter, net sales rose 22.9% to $472.8 million, compared with $384.8 million in the prior year period.  Operating income increased 51.2% in the fiscal 2011 first quarter to $77.2 million, or 16.3% of net sales, compared with $51.0 million, or 13.3% of net sales, in the prior year period. AutoZone, Inc. (NYSE:AZO) also fell $5.94 or 2.33% to $249.25 on an unusual volume of 644,247.00 shares. The stock has been moving within a range of $152.75-$276.00 over the past 52-weeks. So far in the last six months the stock has surged 28.08%. The stock touched an intraday low and high of $246.62 and $254.94 respectively. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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