VIDEO: Retailers Have Tailwinds at Their Backs

In the near term, the winds may be blowing in the right direction for consumer discretionary stocks to keep rallying. But WSJ’s Kristen Scholer explains the medium term could be a different story. Photo: Getty

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Highly Expected Earnings: Kohl’s Corporation (NYSE:KSS), J.C. Penney Company, Inc. (NYSE:JCP), Wal-Mart Stores, Inc. (NYSE:WMT)

Kohl’s Corporation (NYSE:KSS),family-oriented department stores, expected to posts its results for the first quarter on Thursday, May 16, 2013 as analysts are expecting for lower profit. The firm declared profit of 63 cents a year before, but the consensus anticipates calls for EPS of 59 cents this quarter.

The average predictions have dropped from 65 cents over the previous quarter. The experts are predicting earnings of $4.29 a share for the fiscal year. Revenue is anticipated to be 1.1 percent over the year-earlier total of $4.24B at $4.29B for the three months. While for year, revenue is forecasted to roll in at $19.42B.

As the experts have lower results expiations  for J.C. Penney Company, Inc. (NYSE:JCP) in the month leading up to the firm’s Q1 earnings proclamation slated for Thursday. The consensus analyst expects has moved from a loss of $0.81 a share to the present forecast of a loss of $1.17 per share.

The average anticipates has plunged over the last quarter from a loss of 38 cents. The analysts are anticipating a loss of $3.37 a share for the fiscal year. Experts forecast for revenue to dropped 13.7 percent YoY to $2.72B for the quarter, following being $3.15B a year before. The revenue is anticipated to come in at $12.3B for the year.

As well, Wal-Mart Stores, Inc. (NYSE:WMT) aims to announces its Q1 earnings on Thursday, May 16, 2013.

The expectations of Wall Street is $1.15 a share, increased 5.5 percent from a year before at what time Wal-Mart announced earnings of $1.09 a share.

The average forecast has plummeted from $1.19 over the last three months. Analysts are predicting earnings of $5.34 a share for the fiscal year. Revenue is anticipated to be 3 percent more than the year-earlier total of $113.02B at $116.42B for the quarter. The revenue is anticipated to come in at $493.04B for the year.

Tech Movers: Research In Motion Ltd (NASDAQ:BBRY) Announce Update for Z10

Research In Motion Ltd  (NASDAQ:BBRY)’s stocks surged around in premarket trading on Thursday as it has announced the BlackBerry OS version 10.1 update for the BlackBerry Z10 smartphone.

Though the release hasn’t been declared formally by BlackBerry, GSM Arena disclose that users in Philippines have confirmed started receiving the update, which is nearly a 1GB download. The update would obtain a couple of weeks to reach out to all users, as usual.

At the same time as there’s no executive change-log yet, the SDK build of the BlackBerry 10.1 OS which was seeded to developers previous month included a number of novel features.

The first main update to BlackBerry OS 10 features is High-dynamic-range mode in the camera that allows users to capture a larger dynamic range in photos.

Research In Motion Ltd  (NASDAQ:BBRY) increase +0.94% to $15.04 with the total traded volume of 2.80M shares with the average volume of 33.22 million. Its shares were trading within the range of $15.00- $15.25 while its opening price was $15.15. Its market capitalization is $2.80billion. Its stock price 52 weeks low was $6.22 and 52 weeks high price was $33.22.

Here are some other active stocks

J.C. Penney Company, Inc. (NYSE:JCP) declared the drop of +0.74% to trade at $17.47 in early trade with the average traded volume of 22.57M shares. Its price to sales ratio ended at 0.30 and its price to cash per share was $4.16. Its market capitalization is $3.85B. The stock owned by the insider was 0.60%.

Alcatel Lucent SA (ADR) (NYSE:ALU)’s shares increase of +1.35% to trade at $1.50 with the overall traded volume of 3.04 million shares. Its market capitalization was $3.38 billion. Its debt to equity ratio was 3.06. Its beta value stands at 2.33 times and return on equity was -65.54%.

ALU has the total of 2.27B outstanding shares as compares to 2.30B shares that were floated in the market.

Both Ford Motor (NYSE:F) And General Motors (NYSE:GM) Declined, Sirius (NASDAQ:SIRI) Investor Seem Excited

The Department of Public Enterprises, which manages South Africa’s state owned enterprises, has recently declared the establishment of the state-owned Automotive Industry Competitiveness Forum. The forum would provide assistance to cut bottlenecks and improve the automotive industry’s competitiveness.

Minister Malusi Gigaba was the one who made this announcement in Sandton following a meeting with representatives of the automotive industry, Transnet and Eskom. No statutory powers will be rendered to the forum. He also said that the Department of Public Enterprise is set to play a supporting role and will try to ensure that they cope with the challenges faced by this sector. Gigaba said the government considers the automotive sector as a strategic one.

Ford Motor Company (NYSE:F) shares were down after unveiling a plan for the first 10-Year Benchmark Bond Offering in a year. In the last trading session, the stock’s price was 10.56% above their 200 day moving average, changing hands as low as $10.35 per share. The stock is currently trading 10.08% down their SMA 50. The worst hit in its 52 weeks range is $8.82 per share, with $13.05 being the 52 weeks best price, which compares with a latest closing price of $10.44. The Beta of this stock is 2.32.

 

Another auto giant General Motors Company (NYSE:GM) declined sharply after a statement from former CEO that the US government should sell stake in the automaker. The stock’s price decreased in the last trading session with a previous 52-week high of $27.68. The stock was trading on below-average volume. The stock traded at a volume of 7.42 million shares at a price loss of -1.33%. The share price is now down 18.31% for the past three months. Latest closing price was 21.77% above its 50-day moving average and 22.26% above its 200-day moving average.

 

Satellite giant Sirius XM Radio Inc. (NASDAQ:SIRI) slightly missed to hit 52-week high price and continued rally as Liberty Media is just one step behind getting the majority stake in the company. While trading at volume higher than average, the stock climbed 3.21% yesterday. Its previous 52-week high was $2.59 and moved up 51.18% over the same period, trading at a volume of 117.41 million. Shares have risen 13.22% over the trailing 6 months. The stock is currently trading 9.17% above its SMA 50 and 20.24% above its SMA 200.

 

The department store chain J.C. Penney Company, Inc. (NYSE:JCP) tumbled to become the market’s biggest decliners after Chief Executive Ron Johnson said that sales decline will remain in the second half of 2012. Over the last 12 months, a return on equity of -12.90 percent was realized due to the financial situation and earnings per share reached a value of -$2.50. Earnings are projected to move up 20.25 percent for the coming five years. The stock closed at $25.83, down -3.26 points or -11.21% from previous close and at a distance of -4.77% from 20-day simple moving average.