“DON’T PANIC, APPLE IS STILL UP 7 PTS!!!” Says Andrew Keene. Apple up another 1.5%
Earnings tomorrow:
Foot Locker- analysts expect a profit of $.51 a share, up from $.39 for previous year. For the Fiscal year, analysts are expecting earnings of $1.78. Watch the FL’s net income, it has grown the last 3 quarters. Footlocker main competitors are DSW and Shoe Carnival. Finally, don’t forget about the Jeremy Lin effect, haha.
Wendy’s- Quarterly Earnings and Estimates (Q1E)- $.02 Quarterly Revenue(Q1E)- $609M Currently, Wendy’s is trading well above the 50 DMA. The May 2012 $5 Calls are seeing huge Call volume. We will have to wait and listen to the CC and find out how Wendy’s is doing with its interest expense from its short term 500M dollar debt.
By Greg Zimny