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To: Shelia Jones who wrote (1649)	8/10/1998 10:16:00 AM
From: SJS	Respond to of 14427

Sheila, Hope you find this intersting: _ RETAIL STOCKS. Retail is one sector that has been largely immune to the Asian flu. Last week, Ann Taylor (ANN) and Talbots (TLB) both announced that current quarter earnings would be well above expectations. This week, there will be a slew of earnings reports from retailers that show just how far that strength goes. Retail stocks typically run on a fiscal quarter that ends one month after the calendar quarter. This makes it easier to account for Christmas in the final quarter, with a January end date. As a result, the fiscal second quarter typically ends in July, a month after most companies second quarter closes. Earnings reporting "season" for retailers is thus also a month after normal earnings season. So, retail stocks may be a top play this week as Monday brings an earnings report from May Department Stores (MAY). Tuesday has Abercrombie & Fitch (ANF), Dillard's (DDS), Dollar General (DG), and Wal-Mart (WMT). Wednesday's schedule has CompUSA (CPU), Federated Dept Stores (FD) and Nordstrom (NOBE). Thursday shows Gap (GPS), and K-Mart (KM), Pep Boys (PBY), and Staples (SPLS). It is very possible that this sector will provide some welcome relief for the market in terms of strong year-over-year earnings. After all, consumer spending in the U.S. has remained very strong. The sector could be worth keeping an eye on.