For Immediate Release
Chicago, IL – April 8, 2010 – Zacks.com releases the latest Zacks Industry Rank. Stocks featured in this week’s analysis include The Finish Line (FINL), J. Crew (JCG), Joseph A Bank (JOSB), The Limited (LTD) and Shoe Carnival (SCVL).
Zacks Industry Rank Analysis is written by Dirk Van Dijk, CFA, Chief Equity Strategist for Zacks.com.
Retail Roaring Ahead
One retail group worth highlighting is one of the biggest in the sector, the Apparel and Shoe retailers. The group is in 31st place, which is pretty impressive for an industry with 41 firms, and has an average Zacks Rank of 2.41.
The industry has eight Zacks #1 Ranked firms, and 12 that are ranked #2, while it has only a pair of #5s and a pair of #4s. Some of the higher profile number ones in the groups include The Finish Line (FINL), J. Crew (JCG), Joseph A Bank (JOSB), The Limited (LTD) and Shoe Carnival (SCVL).
To paraphrase Mark Twain, “Reports of the Consumer’s death have been greatly exaggerated.” Long-term, there are probably some headwinds for the sector in the form of a savings rate that needs to rise, but the savings rate has actually been retreating a bit in recent months. That helps the economy in the short term, but weakens it over the long term, and is ultimately unsustainable.
Thus of these groups, the discounters probably have the best long-term profile, but over the next few months the home furnishings and apparel stores could do very well as they will be facing very easy comparisons.
Zacks “Profit from the Pros ” e-mail newsletter offers continuous coverage of the industries and the stocks poised to outperform the market. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=5611.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it’s your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=5610.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Contact: Dirk Van Dijk, CFA
Company: Zacks.com
Phone: 312-265-9211
Email: pr@zacks.com
Visit: www.zacks.com
