Jobs News On Top

Indie Research

Stocks traded higher on a solid jobs report, although gave back gains following news that the Greek debt restructuring was deemed a default. At this point the jobs news remains the most important data point in our view, trumping some recent weaker-than-expected global economic data. However, we're still looking for some type of market correction before the market eventually pulls higher again.

The Rare Earth Stocks Index was the top performing tickerspy Index on the day, led by Neo Material Technol (Pink Sheets: NEMFF) with a 37% gain. The Italy Stocks and ADRs Index was the day's worst performing tickerspy Index, with Industrie Natuzzi (NYSE: NTZ - News) down -7%.

Stocks finished higher, with the Dow closing up 14 points to 12,922. The Nasdaq jumped 18 points to 1,371, while the S&P added 5 points to close at 1,371. Oil rose 82 cents to $107.40 a barrel, while gold climbed $12.80 to $1,711.50 an ounce.

In economic news, the Labor Department reported the addition of 227,000 jobs in February and that the January and December numbers were revised up. The unemployment rate is still 8.3%.

In earnings news, Ulta Beauty (Nasdaq: ULTA - News) said its fiscal fourth-quarter profit rose 58% to $46.3 million, or 73 cents per share, from $30.1 million, or 49 cents per share, a year earlier. Revenue jumped 23% to $582.5 million. Analysts had expected a profit of 68 cents per share on $577 million in revenue. For the first quarter, Ulta expects a profit of 46-48 cents a share on revenue of $452-$460 million. Analysts were expecting EPS of 45 cents on sales of $459.2 million. Shares of Ulta ended virtually flat. Fourteen pros counted Ulta among their top holdings at the end of Q4 and nearly 130 tickerspy members own the stock in their portfolios.

Shares of Zumiez (Nasdaq: ZUMZ - News) soared 5.9% after the company said its fourth-quarter profit rose 25% to $18.7 million, or 60 cents a share, as sales rose 18% to $183.9 million. Same-store sales increased 9.7%. The consensus was for EPS of 59 cents. For the current quarter, Zumiez expects a profit of 6-8 cents a share on sales of $123-$125 million. Analysts were looking for EPS of 9 cents on sales of $122.3 million.

Shares of apparel retailer Ann Inc (NYSE: ANN - News) surged 6.2% despite a -73% drop in fourth-quarter profit to $2.2 million, or 4 cents per share, from $8 million, or 14 cents a share, a year earlier. On an adjusted basis, the company earned 10 cents per share. Revenue increased 10% to $566.7 million, while same-store sales rose 5.3%. Analysts had expected a profit of 11 cents on sales of $567 million. The company forecast first-quarter revenue of $560 million and full-year revenue of $2.38 billion. Analysts were expecting sales of $559.9 million and $2.38 billion, respectively. Four pros counted Ann Taylor among their top holdings at the end of Q4 and over 100 tickerspy members own the stock in their portfolios.

Shares of Quest Software (Nasdaq: QSFT - News) climbed 24.1% after the company agreed to be taken private by private equity firm Insight Venture Partners for almost $2 billion. That offer values Quest at $19 per share, an almost 19% premium to where the stock closed on Thursday.

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