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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (14051)	9/5/1998 8:03:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

My Favorite Retailers should still shine through this Month. These companies were taken from my "Earnings Plays" for this quarter. Every one of them was a good earnings play, providing 'anticipatory upswing' and follow through after earnings. They have all been leaders and performed well until the market collapsed. GPS, COST might be a little overextended but after a short retreat should retrace old highs. I think domestic companies will provide leadership as more and more techs might be hurt between their own failure to meet earnings expectations, and the exposure to Asia. American Eagle Outfitters Inc. (AEOS) reported sales for the four fiscal weeks ended August 29 increased 40.5% compared to the same period last year and sales for the thirty weeks ended August 29, 1998 increased 50.2% over last the same period last year. Best Buy Co. (BBY) is expecting its fiscal second-quarter earnings to more than double estimates due to strong sales of televisions, camcorders and entertainment software. Best Buy said that profit will rise to about 40 cents a share from 7 cents a year ago. Expectations were for 18 cents a share. Chico's FAS, Inc. (CHCS) announced the results for its fiscal second quarter August 1, 1998 with net income rising to $2.7 million compared to $1.0 million last period and net sales up 36.2% over the same period last year. Costco (COST) said that the SEC is not looking into its methods for recognizing membership income putting much speculation to rest. Costco reported net sales for the fiscal four weeks ended August 30, 1998 increased 10% over the same period last year. On a comparable warehouse basis, that is, warehouses open at least a year, sales increased 6 percent. Gap (GPS) reported a 9 percent increase for August sales over last year. Wall Street had expected an increase of 3% for same-store sales. Lowe's Companies, Inc. (LOW) report sales for the four-week period ended August 28, 1998 increased 19.5% over the comparable period last year and comparable store sales for August 1998 increased 4.0%. Lowe's larger stores had a comparable store sales increase of 4.9% in the month. Pacific Sunwear of California Inc. (PSUN) reported sales for the four week period ended Aug. 30, 1998 in creased 42% over comparable four week period last year. They also reported same store sales increased 6 percent for the period. Ross Stores, Inc.'s (ROST)Ross reported sales for the four-week period ended August 29, 1998 increased 9% over the same four weeks period a year ago and comparable store sales for the same period increased 2% vs. a 13% increase in the prior year. Wal-Mart (WMT) reported sales for the four week period ended August 28, 1998 increased 16.2% from the same period a year earlier and sales for the thirty week period increased 17.6% over the same period a year ago.