Comment by phil

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phil
April 22nd, 2014 at 9:38 am

Good morning! 

My TOS is working (NJ).

Big wheeee! on oil to start our day – $102.20 – don't be too greedy on /CL – we can always re-enter if they fail $102 but bounce to $102.25 at least is likely.  

Cramer in a suit today – says "the revenue beats are extraordinary" so far.  He's cherry-picking some good examples and ignoring the vast majority – what a huckster!  

ICSC/Louis – Seeking Alpha usually has them in Market Currents.  

ICSC Retail Store Sales

• ICSC Retail Store Sales: +0.4% W/W, vs. -0.3% last week.
• +1.9% Y/Y vs. +2.3% last week.
• The unseasonably cool weather led to decline in sale of seasonal goods.
• Redbook Chain Store Sales: +3.7%Y/Y vs. +2.6% last week.
• The late Easter lifted the sales Y/Y.

Meanwhile, back in reality-land:  McDonald's dragged down by soft sales in the U.S.

• McDonald's (MCD) comes in a tad short with its results for Q1 with weakness in the U.S. a significant factor.
• The company saw global comparable store sales increase 0.5% on decent growth in regions outside the U.S.
• Comparable store sales fell 1.7% in the U.S. during Q1 amid "challenging" industry dynamics. Operating income was down 3% Y/Y.
• MCD -0.1% premarket

Bebe Stores dives after profit warning

• Bebe Stores (BEBE) announces it expects to record a FQ3 loss of $0.29 to $0.32 per share. Analysts forecast a $0.15 loss.
• The company estimates comparable store sales will fall 5.7% during the period.
• BEBE -9.7% premarket