Today’s Trade Alerts include: Wal-Mart Stores Inc. (NYSE: WMT), Target Corp. (NYSE: TGT), Costco Wholesale Corp. (Nasdaq: COST), J. C. Penney Company Inc. (NYSE: JCP), Saks Inc. (NYSE: SKS), and Kohl's Corp. (NYSE: KSS).
“Wal-Mart Stores Inc. (WMT) shares rose nearly 2% to $57.78 after Friday’s opening bell. Wal-Mart operates retail stores in various formats worldwide...
“Wal-Mart recently announced the possibility of expanding its new Marketside stores to a chain of more than 1,000 stores with more than $10 billion in annual sales, according to a Financial Times report.…
“The same report also stated that the company plans to open 10 of the 15,000-square-foot (6,000-square-meter) Marketside stores initially, including the four in the Phoenix area....”
“As stated in the company's Web site, Wal-Mart will open four Marketside stores in the fall in the Phoenix, Arizona, area…”
“Target Corp. (TGT) shares climbed 3% to $47.27 in early Friday trading. Target operates large-format general merchandise and food discount stores under the brand names of 'Target' and 'SuperTarget' in the United States…
“The company recently reported its net retail sales for the four weeks ended August 2, 2008, increased 4.7% to $4.5 billion from $4.3 billion for the same period of 2007…
“Target also reported a 1.2% decline in its same-store sales for July, which the company said is in the low end of its expectations. The retailer was predicting a 1% decline to a 1% increase, while analysts polled by Thomson Financial had expected a same-store sales decline of 0.3%…”
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Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Wal-Mart Stores Inc. (NYSE: WMT). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
