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Abercrombie's blame game, Sears mulls REIT rescue and Zynga pops

Another day of forced contrition sit-ups for legions of shirtless and waxed ab-drones at Abercrombie & Fitch (ANF). The stock is down more than 10% after yet another warning. Yet again the company is blaming the macro economy in Europe and customers who hate the A&F logo merchandise for the shortfall. I would like this for a trade but here's the thing: Abercrombie is basically saying it's being hurt by things it can't control and things it should be able to change. If customers want cheaper products without your skeevy logo that's what you should sell, kids. Now back into the dungeon with you.

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Zynga (ZNGA) is still alive and the stock is thriving, at least for the moment. The online game company's shares are up 4% after it announced a weak quarter but guided slightly higher for the year. Zynga has had a rough go of it in 2014, dropping 34%. CEO Don Mattrick owned up to the challenges saying "We have been operating with purpose and it has taken us some time to transform our business as we faced some execution challenges." Time will tell if Zynga is back in the game.

Hey, do you think anyone was short Sears (SHLD)? I'm going to guess yes based on the 33% ramp in the stock today. As I discussed earlier this morning on Yahoo Finance, Sears is planning to turn 200 to 300 of its stores into a REIT offering to raise money. What's the trade? Watch from the sidelines...

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