SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Costco, slow but sure?
COST 887.77+0.2%10:18 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mel Fox who wrote (923)8/26/1999 9:14:00 AM
From: Starfish*  Read Replies (1) of 1147
 
Here is Merrils release from Yahoo News< what doesn't make sense to me is that WMT was included, cost wasn't yet, WMT closed up, COST down, doesn't change my position on Cost though.

Wednesday August 25, 10:10 am Eastern Time
(Note: this article is ``in progress'; there will likely be an update soon.)

RESEARCH ALERT - Merrill cuts ratings on retailers

NEW YORK, Aug 25 (Reuters) - Merrill Lynch said on Wednesday it was recommending
shifting to a conservative posture on its retailing group.

-- Said retailers relative earnings moderating as corporate profits recover, particularly for
global companies.

-- Said sales to slow against increasingly tough comparisons over the next twelve
months.

-- Said retailing stocks typically underperform late in the year.

-- Said Internet competition is a growing short-term psychological negative both for sales
and costs, although predicts longer term the Internet will be a positive for traditional
retailers.

-- ``Industry fundamentals remain good as trend toward oligopoly raises investment
returns for the stronger companies.'

-- ``Despite the recent upward trend in interest rates, a strong negative for retailing stocks,
we assume rates will stabilize in the future.'

-- ``We believe best positioned retailers are (1) high growth retailers, (2) retailers relatively
immune to a sales slowdown and (3) retailers with rapidly improving sector or company
fundamentals.'

-- Cut its rating on Barnes & Noble (NYSE:BKS - news) to near-term accumulate from
buy.
-- Cut its rating on Dayton Hudson (NYSE:DH - news) to near-term accumulate from buy.
-- Cut its rating on Kohl's Corp. (NYSE:KSS - news) to near-term accumulate from buy.
-- Cut its rating on Kmart Corp. (NYSE:KM - news) to near-term accumulate from buy.
-- Cut its rating on Nordstrom Inc. (NYSE:JWN - news) to near-term accumulate from buy.
-- Cut its rating on J.C. Penney Co. (NYSE:JCP - news) to near-term accumulate from
buy.
-- Cut its rating on Wal-Mart (NYSE:WMT - news) to near-term accumulate from buy.
-- Cut its rating on Borders (NYSE:BGP - news) to near-term neutral from accumulate.
-- Cut its rating on Sears (NYSE:S - news) to near-term neutral from accumulate.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News