This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

U.S. Stocks Approach Highs for the Year

Branded food products company J.M. Smucker (SJM) reported first-quarter results that beat Wall Street expectations as price reductions helped lure customers back in. Shares popped 5.1%.

Athletic apparels company Foot Locker (FL) posted second-quarter net income that increased by 59% and results that exceeded Wall Street expectations, largely thanks to stronger sales, better cost controls and a small tax-related benefit. Shares rose 1.7%.

Teen retailer Gap (GPS - Get Report) raised its full-year earnings outlook in afterhours trading Thursday. Shares added 4.8% Friday.

Clothing retailer Aeropostale (ARO) gave a softer-than-expected third-quarter earnings guidance for the current quarter after the bell. Shares declined 11.1%.

Ann Taylor (ANN) reported a stronger-than-expected rise in second-quarter earnings as the women's apparel retailer saw sales grow broadly. The company has raised its full-year forecast. Shares finished up 20.4%.

Marvell Technology (MRVL) shares plunged 14.2% after the chipmaker posted weaker-than-expected quarterly results and outlook amid lower PC and smartphone demand and stiff competition in the Chinese market.


-- Written by Andrea Tse in New York.



>To contact the writer of this article, click here: Andrea Tse.

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
CAT $84.60 0.00%
GPS $40.60 0.00%
AAPL $127.60 0.00%
FB $83.09 0.00%
GOOG $535.38 0.00%

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs