Welcome to Trending Tickers for Wednesday May 28th. Making the list today as measured by your yahoo Finance Ticker searches are:
DSW (DSW) - The discount shoe retailer is getting kicked to the curb by investors. Shares are off 25% after the company reported EPS of $0.42 on $599 million in revenue. Analysts had called for $0.48 cents a share on close to $625 million. For good measure DSW says it expects to earn between $1.52 and $1.67 for the full year; well shy of the current $1.90 estimate. The company blamed the weather and promotions for missing last quarter but that full year range suggests much bigger problems.
Abercrombie & Fitch (ANF) - The specialty retailer has been down as much as 5% ahead of it's earnings report tomorrow morning. Abercrombie is expected to lose $0.19 cents, but the explosion in option volatility and sell-off in the shares suggests bets are being placed on a huge miss.
It's hard to blame investors for getting skittish after what they've heard from Aeropostale, DSW and so many others in the space. Then again, from strictly a trading perspective the only way Abercrombie could "surprise" Wall Street is by posting something better than terrible. The pain trade is higher, but that's certainly not trading advice.
Pantry, Inc. (PTRY) - The convenience store operator is at a one month high, and is up more than 10% today after being upgraded from neutral to outperform by Macquarie this morning. This is a small cap stock but is a perfect example of how nutty things are getting from a trading perspective on the retailers. When you start seeing shares of anything moving higher by 10% on analyst views it's time to roll-up the windows and buckle your seat belts because the next stop is crazy town. Long-term investors aren't welcome there.
What stocks are you watching today? Tweet at us using the #TrendingTickers.
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- Abercrombie & Fitch