Ken Perkins
Ken Perkins
baked cake expected good news numbers quarter rally results second
If numbers are better than expected and the news is good for second quarter outlooks, then we could rally on that. But I think the results are pretty much baked into the cake here.
began compared couple department group improving november percent performance positive profits quarters rise rose sales seen since stores tracking year
We haven't seen this kind of positive sales performance since we began tracking the group in November 2000. Fourth-quarter profits for department stores rose 5 percent compared to a 1 percent rise a year ago. We've now has a couple of quarters of improving trends.
double earnings good increases last ok quarters third year
The first two quarters of last year were OK but not stellar. If we still have double digit increases in earnings during the third quarter, that would be good news.
appear commerce conditions economic improved iraq last march month people run shopping year
Economic conditions have improved significantly from March last year when commerce was impeded for much of the month by the run up to the Iraq war. People do appear to be shopping more.
built carry despite everybody holiday momentum next tough waiting whether year
Everybody is waiting to see whether they can carry the momentum they've built this year into next year despite the tough holiday period.
analyst nightmare numbers october
These numbers are not good. As one analyst put it, October will be the nightmare before Christmas.
consumer continues fairly gas job market provided remain run
The consumer has not run out of gas yet, provided the job market continues to remain fairly decent.
complete egg laid
It was a complete egg that was laid there. By all accounts, they got killed in apparel.
concerned earnings hit investors sales unless
That's a pretty long stretch, and investors are concerned that earnings could take a hit unless sales improve.
earnings less order strong tech
Earnings are going to have to really go up in order for valuations to look attractive. Tech earnings are going to be strong but it's already more or less priced into the stocks,
aggressive best buy circuit city held holiday looks moving player players primary share taking tried
Best Buy traditionally has been the primary player here and taking share very aggressively from some of the other players in the space, but Circuit City looks to have held their own here this holiday season. The discounters have tried to get into the space. Wal-Mart's been very aggressive in moving in there.
christmas concern deep goes hitting
There's a deep concern that if this thing goes on, a lot of Christmas merchandise hitting the docks can't be transferred.
decent definitely head march tough winds
The tough head winds are definitely there but March was still a decent month,
expect given last red seen september stellar weakness
After a stellar September for retailers, it was a given to expect some weakness last month. But this is pretty amazing. I don't think I've seen this much red on the board.