It’s midday during Wednesday trading and here’s a look at stocks that are currently market leaders.
Genesco Inc. (NYSE:GCO) is on its 5th consecutive daily gain, so far. Sterne Agee raising its outlook on shares of Genesco likely did not hinder performance of GCO, either.
Sterne raised fiscal year 2013 revenue outlook on GCO to $2.568 billion from a former estimate of $2.551 billion. Furthermore, Genesco is ‘rumored’ to be killing off its Underground Station. $69.45 per share is the high for the day.
Terra Nitrogen Company, L.P. (NYSE:TNH) shares are up today as 4Q 2011 and fiscal year 2011 earnings results pend and will be announced after today’s market close. Additionally, there’s the matter of dividends. Terra will distribute $4.53 per share and will be payable February 29th, 2012 to holders of record as of February 21st, 2012. TNH has also set another new 52-week high today by reaching $239.79 per share.
Vera Bradley, Inc. (NASDAQ:VRA) breaks through its 200-day moving average for the first time since November 18th, 2011. Another significant occurrence from a technical analysis perspective happens to be that VRA today also set a new “higher high” by piercing resistance of February 2nd’s high of $38.10 by reaching $38.23 during today’s intraday session. The new high may be interpreted as bullish bias underlying shares of VRA among technical traders.
Cimarex Energy Co. (NYSE:XEC) shares gapped north at the market open this morning and have yet to retrace and do a refill. Cimerax announced Q4 EPS of $1.36 versus consensus of $1.30 and revenue of $430 million versus consensus of $417 million. Furthermore, the company also mentioned that year’s end proved reserve went up to 9% to 2.05 trillion cubic feet, approximately, compared to 1.88 trillion cubic feet at the end of 2010. So far, XEC has reached a high of $82.42 during intraday trading.
Abercrombie & Fitch Co. (NYSE:ANF) shares are up and the company is said to believe that 2012 gross margins should improve as 2012 progresses. Piper Jaffray remains overweight on shares of A&F and has a $54 dollar price target on shares of the company and noted that earnings were largely in-line. So far, ANF has reached an intraday high of $50.44 and is trading above its 50-day moving average. Note, right above where shares currently rest for ANF happens to be a large unclaimed price gap that was created on the open of November 16th, 2011.