Thursday, January 6, 2011

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
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always do your own due diligence, and consult your financial advisor.

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