Diamonds and Dogs
11/14/12
Stamps.com Inc. (STMP)Stamps.com didn't have enough postage to send its shares higher, today the stock is down 10.96% at $24.36. The online stamp provider saw its shares crash after its website had technical difficulties. Stamps.com's site was down for 4 days in November due to a software upgrade that didn't work and has since had two additional outages. The company does not need serious IT issues right now, especially with holidays around the corner. Investment firm, Craig-Hallum maintains a buy rating on Stamps.com but noted that it was using short-term caution when dealing with the stock. Stamps.com is trading around the middle of its 52-week range.
Abercrombie & Fitch Co. (ANF)
Abercrombie & Fitch is dressing up for its investors today, up 34.38% at $41.90. The apparel retailer saw its shares soar after a surprising earnings report and an increase in full year guidance. Abercrombie reported earnings of $0. 87 per share on revenue of $1.17 billion, easily beating analysts' estimates of $0.60 per share on revenue of $1.11 billion. The teen clothing company also raised its full-year forecast to $2.85 to $3.00 per share, up from its prior guidance of $2.50 to $2.75 per share. Abercrombie was upgraded today by Janney Montgomery Scott, William Blair, Credit Agricole and Nomura. Shares went up around $10.00 today pushing the stock well above its 52-week low.
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