Notable Movers: Safeway, Deckers Outdoor, Sprint, VXX

Lakeway, TX -- (SBWIRE) -- 02/21/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Safeway (SWY +13.5%) rallies after beating analyst profit estimates by a wide margin with its Q4 report. Though margins are still razor-thin, the grocery store operator managed to keep same-store sales growth in positive territory. Even better, execs noted that same-store sales rose 2% duringr the first eight weeks of Q1 as the company's loyalty program gains favor with customers.

Is SWY after A Fall In yesterday’s Session? Find Out Here

Shares of Deckers Outdoor (DECK -5.8%) trade weak in contrast to other shoe sellers that are outperforming on the day following a decent quarter from Crocs. Though the heavy short position in the stock is always in the background, on the fundamental side demand for Uggs is also worrisome.

How Should Investors Trade DECK After The recent Report? Find Out Here

Sprint (S -0.4%) is on the lookout for additional deals that can increase its spectrum position, says CEO Dan Hesse. The comments come even as rivals argue Sprint will have an oversized spectrum position if/when the Clearwire (CLWR +1%) acquisition goes through. Leap Wireless (LEAP -3.2%), always discussed whenever spectrum-related M&A deals are brought up, is adding to yesterday's post-earnings losses.

Why Should Investors Consider Buying S Now? Find Out Here

The VIX (VXX +4.2%) stretches its 2-day gain to 53%. Do the sharpest drops (in stocks) happen in bull markets? This would be the 12th time since 1991 the VIX has spiked more than 25% in 2 days with the S&P above both its 50 and 200-day moving averages, says Jerry Khachoyan.

Is VXX Still a Buy After The Recent momentum? Find Out Here

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