Dendreon’s Newly Crowned King and Key Retail Stocks Trending Now
Shares of Ross Stores (NASDAQ:ROST) are trending higher after it reported June overall sales were higher by 12 percent and same store sales were up 7 percent; the company reviews upwards its forecast for the second quarter in July to be $.77 to $.78 from previous guidance of $.72 to $.75.
Analysts apprehend Target (NYSE:TGT) may be down-shifting its second-quarter guidance in the light of June sales coming in at the low end of forecasts; shares are lower even though Target is still sticking to its previous guidance for Q2.
Kohl’s (NYSE:KSS) warns of Q2 EPS falling to the lower range of its previous guidance of $0.96-$1.02 after June same-store sales declined sharply by 4.2 percent.
According to Bloomberg, Hawker Beechcraft, the bankrupt plane manufacturer partially owned by Goldman Sachs (NYSE:GS) who filed a reorganization plan last week ceding control to secured creditors who are owed $922 million, may see a bid from Indian conglomerate Mahindra & Mahindra.
Dendreon (NASDAQ:DNDN) announced Tuesday that President and CEO John Johnson will take on the additional role of Chairman as current Chairman Mitchell Gold steps down in line with a succession plan disclosed earlier by the company. Gold continues, however, on the board.
Investing Insights: EARLY BUZZERS: Target and Macy’s Dip on Sales, Apple Gearing Up for iPad-Mini.