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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (15369)	7/7/2010 5:14:26 PM
From: Smiling Bob	Respond to of 19256

July 7, 2010, 4:49 p.m. EDT Hot Topic shares higher after same-store sales report By Carla Mozee, MarketWatch LOS ANGELES (MarketWatch) -- Shares of Hot Topic Inc. rose Wednesday evening after the teen-wear retailer posted a lower-than-expected decline in monthly same-store sales. Hot Topic (NASDAQ:HOTT) shares rose 3.1% to $4.99 in low volume. The company, whose clothing and accessories are geared toward teenagers, said its June same-store sales fell 2.1% from the year-ago period. Analysts, on average, had expected same-store sales to drop 5.4%, according to Thomson Reuters. Equities caught between economy, earnings The rather unedifying tug-of-war for U.S. stocks, between economic doubts and hopes for second-quarter corporate earnings, looks set continue for a while. Same-store sales, or sales at stores that have been open for at least a year, is a key measure of growth used in the retail industry. Total net sales at Hot Topic for the five weeks ended July 3 fell 0.8% to $59 million. Ahead of the new sales numbers, shares of Hot Topic closed the regular session up 1.3%, and were down more than 20% for the year. More retailers are slated to roll out same-stores sales results on Thursday. Earlier Wednesday, a report from the International Council of Shopping Centers and Goldman Sachs said hot weather helped retailers post a sales gain of 1% for the week ended July 3. Sales rose 3.9% from the same week last year. The rise in retail sales and optimism about the upcoming earnings season were among the factors that contributed to a rally in U.S. stocks Wednesday. At the close, the Dow Jones Industrial Average (DOW:DJIA) jumped 275 points, or 2.8%, to retake the 10,000 level. The S&P 500 Index (MARKET:SPX) gained 3.1% to end at 1,060.27. See Market Snapshot. * * * Copyright © 2010 MarketWatch, Inc. All rights reserved. By using this site, you agree to the Terms of Service and Privacy Policy. Intraday Data provided by Thomson Reuters and subject to terms of use. Historical and current end-of-day data provided by Thomson Reuters. Intraday data delayed per exchange requirements. Dow Jones Indexes (SM) from Dow Jones & Company, Inc. All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More information on NASDAQ traded symbols and their current financial status. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Dow Jones Indexes(SM) from Dow Jones & Company, Inc. SEHK intraday data is provided by Comstock and is at least 60-minutes delayed. All quotes are in local exchange time.