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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Nancy who wrote (27243)7/6/2000 3:36:59 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 68004
 
Trading in the financials and retailer indicate there is no conviction on what the employment report will say tomorrow.
Retailer are amazing strong despite the negative news today. Players may be view this as the economy is slowing but not enough to be worried about.

Strength in contract manufacturers on no news is a positive as they are the most sensitive to demand of products.

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11:25 ET Feder. Dept Stores (FD) 29 15/16 -4 15/16 : Department store retailer's shares plunge 14% following announcement of a meager 0.5% increase in June same-store sales; the company also announced that it is concerned about the rise in credit delinquencies at its Fingerhut catalog unit in June, and continues to monitor the situation closely.

09:06 ET The Gap (GPS) 29 7/8: Retailer warns that weaker margins will lead to disappointing Q2 results; expects earnings to come in about 3 cents below Wall Street's mean view of $0.26 a share; company does not anticipate changes to the Q3 and Q4 range of analyst estimates

08:50 ET Ross Stores (ROST) 16 13/16: Discount retailer warns that Q2 earnings will likely post in the range of $0.43 to $0.44 a share, compared to the $0.49 expected by Wall Street; company also says that it is adopting a more cautious outlook for the 2nd-half of the year.

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Thu Jul 6 3:33pm ET - U.S. Markets close in 28 minutes.
Dow 10521.78 +38.18 (+0.36%)
Nasdaq 3950.44 +87.34 (+2.26%)
S&P 500 1460.56 +14.33 (+0.99%)

NYSE Volume 819,114,000
Nasdaq Volume 1,277,997,000
30-Yr Bond 5.900% +0.043


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