Wall Street Fundamentals Releases New In-Depth Stock Reports on AEO, GPS, TJX and URBNadmin
On Wednesday, the Commerce Department reported retail sales, excluding automobiles, gasoline and building materials, rose 0.5 percent in October. Economists had expected core sales to rise by 0.3 percent, according to data collected from Reuters. “It reinforces the current narrative of sustained growth momentum in the recovery going into the last quarter of the year, even at a time when the economy was contending with the headwinds created by the government shutdown,” said Millan Mulraine, senior economist at TD Securities in New York. The larger than expected gain comes as a welcome sign to retailers as they head into the crucial holiday season. Here is how some retailers reacted Wednesday:
American Eagle Outfitters (NYSE: AEO) shares traded in the range of $15.91 to $16.18 Wednesday before settling to close at $16.00, an increase of 0.63 percent. The stock appears to be facing some resistance at the $16.28 and $16.64 levels with some support at $15.47. Shares of American Eagle Outfitters have gained approximately 15.0 percent in 2013.
More information on American Eagle Outfitters and access to the free equity report can be found at:
The Gap Inc. (NYSE: GPS) shares traded in the range of $41.22 to $41.91 Wednesday before settling to close at $41.24, a decrease of 1.15 percent. The stock appears to be facing some resistance at the $41.47 and $42.34 levels with some support at $40.26. Shares of The Gap have gained approximately 32.0 percent in 2013.
More information on The Gap and access to the free equity report can be found at:
The TJX Companies, Inc. (NYSE: TJX) shares traded in the range of $63.01 to $63.64 Wednesday before settling to close at $63.27, an increase of 0.24 percent. The stock appears to be facing some resistance at $64.40 with some support at the $62.68 and $53.97 levels. Shares of The TJX Companies have gained approximately 12.0 percent in 2013.
More information on The TJX Companies and access to the free equity report can be found at:
Urban Outfitters, Inc. (NASDAQ: URBN) shares traded in the range of $38.87 to $39.554 Wednesday before settling to close at $39.02, a decrease of 0.74 percent. The stock appears to be facing some resistance at the $39.64 and $41.38 levels with some support at $38.81.
More information on Urban Outfitters and access to the free equity report can be found at:
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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
Posted: November 21st, 2013 under ACCESSWIRE.