Pre-Market Analysis: Target, Dollar General, Costco Wholesale, and Dollar Tree
LONDON, June 18, 2013
LONDON, June 18, 2013 /PRNewswire/ --
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The preliminary reading on Thomson Reuters/University of Michigan's consumer
sentiment index for the month of June came in at 82.7. This was after consumer
sentiment climbed to 84.5 in May, the highest level since July 2007. US
consumer confidence has been boosted by an ongoing improvement in the labor
market. Last month, the economy added 175,000 jobs. Further, if the labor
market continues to improve, consumer confidence will receive a further boost.
Rising consumer confidence augurs well for discount and variety stores
operators. On Monday, June 17, 2013, shares in discount and variety stores
operators ended mostly higher, tracking gains in the broader market. The major
movers in the sector included Target Corporation (NYSE: TGT), Dollar General
Corp. (NYSE: DG), Costco Wholesale Corporation (NASDAQ: COST), and Dollar Tree
Inc. (NASDAQ: DLTR). All these companies are tracked by
AAAResearchReports.com. Free technical research on TGT, DG, COST, and DLTR can
be downloaded upon sign up at
Shares in Target Corporation rose sharply on Monday. The Company's shares hit
an intraday high of $70.01 before finishing the day at $69.86 that is 1.20%
higher than its previous close. A total of 3.08 million shares were traded
which is well below the daily average volume of 5.02 million. Shares of Target
are currently trading close to their 52-week high of $72.77. So far this year,
the Company's shares have gained over 19.28%, thus outperforming the S&P 500.
The stock is currently trading above its 50-day and 200-day moving averages.
Sign up and read the complimentary report on TGT at:
Dollar General Corp.'s stock ended slightly lower on Monday even as the
broader market posted gains. The Company's shares traded between $50.73 and
$51.80 before finishing the day 0.10% lower at $51.13. A total of 2.75 million
shares were exchanged which is below the daily average volume of 3.47 million.
Dollar General's shares have gained nearly 19.74% so far in 2013, thus
outperforming the S&P 500. The stock is currently trading 9.60% below its
52-week high. Its shares are also trading below their 50-day moving average of
52.17. The free report on DG can be downloaded by signing up now at:
Shares in Costco Wholesale Corporation moved higher yesterday, extending their
gains from its previous trading sessions. The Company's shares hit an intraday
high of $112.50 before finishing the day 0.63% higher at $111.70. A total of
1.44 million shares were traded which is below the daily average volume of
1.81 million. Costco's shares have grown by 2.1% in the last three sessions.
The stock is currently trading 3.64% below its 52-week high. Its shares have
gained 15.19% since the start of 2013, but it is still underperforming the S&P
500. A free report on COST can be accessed by registering at:
Dollar Tree Inc.'s stock rose sharply in its most recent session on Monday,
extending its gains from its previous trading sessions. The Company's shares
hit an intraday high of $50.79 before finishing the day 2.08% higher at
$50.14. It also saw volume of 1.69 million shares traded which is slightly
below the daily average volume of 1.70 million. Dollar Tree's shares have
jumped more than 26.00% so far in 2013, thus outperforming the S&P 500.
However, despite the significant gains, the stock is still trading 13.30%
below its 52-week high. Register with AAA Research Reports and download
research on DLTR for free at:
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