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Street Chatter: Key Insights from Schaeffer's Research

Strategic Insights

— 1 min read

Abercrombie & Fitch (ANF) reported a fourth-quarter profit of $164.6 million, or $1.80 per share, exceeding analyst expectations. Sales soared 40% to $961.4 million, with same-store sales climbing 28%. ANF's forecast for the first half of the year includes per-share earnings of $1.23 to $1.28. Despite sentiment leaning towards optimism, the stock faces resistance at $70, with options-related selling pressure a concern. Meanwhile, Jones Apparel Group (JNY) reported a 60% surge in fourth-quarter profit, driven by strong sales in its Gloria Vanderbilt and Barneys businesses. The stock has been in a strong uptrend, with the 20-month moving average providing resistance. Freescale Semiconductor (FSL) has maintained its momentum despite Apple's decision to switch to Intel processors, with the stock relying on support at $25. Analysts have awarded FSL a relatively bullish rating, with a Schaeffer's Equity Scorecard rating of 6.5 out of 10.

Key Takeaways:

  • Abercrombie & Fitch's fourth-quarter profit exceeded analyst expectations, with sales growth of 40% to $961.4 million.
  • Jones Apparel Group's fourth-quarter profit soared 60%, driven by strong sales in its Gloria Vanderbilt and Barneys businesses.
  • Freescale Semiconductor (FSL) has maintained its momentum despite Apple's decision to switch to Intel processors.
  • FSL has a relatively bullish analyst rating, with a Schaeffer's Equity Scorecard rating of 6.5 out of 10.
  • ANF's stock faces resistance at $70, with options-related selling pressure a concern.
  • The 20-month moving average is providing resistance to JNY's stock, which has been in a strong uptrend.
  • FSL has a low short-interest ratio of 3.7 days to cover, with 4.5% of its float sold short.

Statistics:

  • ANF's fourth-quarter profit was $164.6 million, or $1.80 per share, exceeding analyst expectations.
  • Sales at ANF soared 40% to $961.4 million, with same-store sales climbing 28%.
  • JNY's fourth-quarter profit surged 60% to $55.7 million.
  • FSL's short-interest ratio stood at 3.7 days to cover in January.
  • The Schaeffer's put/call open interest ratio (SOIR) for FSL was 0.48 in January.
  • FSL has a relatively bullish analyst rating, with 5 "strong buys" and 4 "buys" from Zacks.

Sources:

  • Schaeffer's Investment Research
  • Zacks
  • Abercrombie & Fitch (ANF)
  • Jones Apparel Group (JNY)
  • Freescale Semiconductor (FSL)
  • Apple Computer (AAPL)
  • IBM (IBM)

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