Hot Stock Minute

Dollar General Drops on Earnings; General Motors Rises; Bob Evans to Report

Dollar General (DG) reported earnings at 7am. The company says excluding items it made 71-cents a share, in line with estimates and up 13% from a year ago. Revenue also came in right around the consensus at $4.23 billion. Shares fell 5% on release of the report. That's because the company is lowering its guidance saying it expects sales to slow. By the way, Dollar General now has more than 10,000 stores in 40 states. Prior to this morning's drop, shares have been up about 25% year-to-date.

Next we go from Dollar General to General Motors (GM). Shares have been up more than 3% since yesterday's closing bell. The climb came on the announcement that the government-backed automaker is going back in the S&P 500. By the way it's replacing H.J. Heinz which is being taken private by 3-G Capital and Berkshire Hathaway (BRK-B). GM shares are now right about where they were when the company held its post-bankruptcy IPO back in November of 2010. The stock is up 63% in the last year.

Now, we look at G-III Apparel (GIII) which is currently trading up 7%. Shares jumped after the company released its quarterly report yesterday afternoon. G-III made 5-cents a share when analysts expected it to lose that much. Revenue was modestly higher than expected, and the company has increased its outlook. G-III has licensing deals with a number of designer brands like Calvin Klein where it's planning a new line of swimwear. It's also going to launch an Ivanka Trump clothing brand. Prior to the climb we're seeing now the stock is up 27% year-to-date, and has shot up 78% over the past year.

Finally, there's Bob Evans Farms (BOBE) which reports earnings after today's closing bell. The company is expected to post 64-cents a share, down from 80-cents a year ago. Revenue is also expected to be down by more than 20%. The company has nearly 600 of its namesake restaurants in 19-states as well as retail shops, similar to Cracker Barrel (CBRL) which blew well past estimates with is earnings report yesterday. Bob Evans' stock hit a new 52-week high last week. It's currently up about 10% year-to-date.

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