Occupy Wall Street, the European debt crisis, the American Jobs Act everything
dominating financial and world news headlines for months took second billing
Thursday as the world took a day to mourn the passing of the innovative,
imaginative co-founder of Apple (NASDAQ: AAPL ), Steve Jobs. Leaders of some of
America's biggest businesses including rival Bill Gates of Microsoft (NASDAQ:
MSFT ) paid homage . Appreciative Apple fans honored Jobs by displaying candles
on their iPads . And current Apple CEO Tim Cook vowed to stay the course . Jobs
was widely recognized for his numerous contributions through his gadgetry's
advancements in computing, communications and media, as well as the shining
example he provided for how businesses should be run . Apple's stock finished
Thursday down less than a dollar at $377.37 an inconsequential drop on a day
where most any movement would've carried minimal relative importance for the
broader financial world. That said, Wall Street didn't grind to a complete
halt Thursday. September retail sales came in big, came in loud and came in
above expectations at a 5.1% year-over-year increase over September 2010 sales
that beat analysts' target of 4.6%. Numerous retail stocks rode that news (and
more) to the bank. Ralph Lauren (NYSE: RL ), which also benefited from Citi
Investment Research's upgrade to "buy" from "hold," shot up 6.33% to
$141.29. The Buckle (NYSE: BKE ) was up 4.8% to $43.86 after reporting a 10%
uptick in same-store sales for September. Target (NYSE: TGT ) gained 4.32% to
$51.91. And J.C. Penney (NYSE: JCP ) finished the day up almost 3% at $28.42
that despite lowering guidance for the third quarter to earnings per share of 10
to 15 cents. Three Up Express Scripts (NASDAQ: ESRX ): Up 11.35% ($4.08) to
$40.02. Wynn Resorts (NASDAQ: WYNN ): Up 10.57% ($12.68) to $132.62. Bank of
America (NYSE: BAC ): Up 8.84% (51 cents) to $6.28. Three Down Wet Seal (NASDAQ:
WTSLA ): Down 12.74% (59 cents) to $4.04. Qlik Technologies (NASDAQ: QLIK ):
Down 3.36% (78 cents) to $22.41. China Telecom (NYSE: CHA ): Down 2.61% ($1.58)
to $62.63. As of this writing, Kyle Woodley did not a position in any of the
aforementioned stocks.
No comments:
Post a Comment