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San Francisco, CA -- (SBWIRE) -- 08/21/2013 -- http://www.PennyStocksForever.com - The US leader in microcap breakouts, offers a high quality stocks alert newsletter to investors looking for the best breakout stocks around. PennyStocksForever reports 3 stocks to watch: AEO, SPLS, and LOW
Since August 2nd, after both the Dow and the S&P closed at all time highs, the market has been on a downturn. On Wednesday disapointing news from retailers and anxious investors waiting for the Federal Reserve minutes, helped drag the market even lower. In early trading the Dow was down 40 points, the S&P was down two points and the Nasdaq was down a fraction.
1. American Eagle Outfitters, Inc. (NYSE: AEO) - American Eagle Outfitters shares dropped on Wednesday after the Company reported that it has cut its prices. The stock hit a new 52-week low of $14.33.
2. Staples, Inc. (Nasdaq: SPLS) - shares closed down 15.29% on Wednesday on over 45 million shares traded. Both the Company's quarterly results and outlook missed Wall Street expectations.
3. Lowe's Companies Inc. (NYSE: LOW) - shares hit a new 52-week high of $47.25 on Wednesday with a little over 30 million shares traded. It was the biggest gainer in the S&P 500. The company reported that it earned 88 cents per share in the period ending Aug. 2, ahead of analysts' expectations of 79 cents per share, according to FactSet.
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