Lakeway, TX -- (SBWIRE) -- 02/22/2013 -- 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:-
Netflix's (NFLX -3.1%) Q1 sales are tracking to $870M-$875M, slightly below a consensus of $877M, says ITG Research; the firm adds the positive reception to House of Cards could lead trends to improve. ITG's comments are producing a moderate selloff in Netflix, which remains up over 3x since October.
Is NFLX after A Solid Pop Up? Find Out Here
Heard during Abercrombie & Fitch's (ANF -5.1%) earnings call: 1) The retailer says it expects Q1 to be on the slow side. 2013 comparable store sales are forecast to be flat as direct-to-consumer sales offset "slightly negative" comparable store sales. 2) On promotional activity, execs call their stance "moderated" during the holiday shopping period. 3) The company's store count slipped to 1,051 in Q4 with a loss of 36 stores in the U.S. partially offset by a pickup of 8 in Europe and Asia combined. 4) Strong gross margins will be largely offset by a deleveraging on negative comparable store sales.
Will ANF Continue To Trend Higher After The Recent Gain? Find Out Here
An unusual step from Darden Restaurants (DRI +1.3%): The company released a video message from CEO Clarence Otis. Mainly a rally-the-troops message, the key lines are on the threat of promotional activity in the sector. "While we can’t control what competitors do, we can change our approach to get one step ahead. Look for us to do more of that in the future."
Is DRI a Buy Opportunity After The Recent Slump? Find Out Here
Frontline's (FRO) Q4 results: Free cash position $137.6M, -14% Y/Y. Says it will continue to reduce its fleet in order to reduce its financial exposure. but there is a risk it won't have sufficient cash to repay a $225M convertible bond loan maturing in April 2015 if the tanker market doesn't recover; such a situation may force a restructuring of the company.
Is FRO Still a Buy After The Recent momentum? Find Out Here
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