Thursday, February 16, 2012

Today's Major Market Move: Sears Holding (ticker: SHLD) Up 14.6% WTD

While the S&P 500 is up a modest 1.1% week to date, Sears Holding has outperformed everyone else in the group with a 14.5% gain and remains the top performer for the year. Here are the top 10 performers in the S&P 500 week to date:

Click here to go to the live table.
We have yet to discover an exact reason for the upward movement of the stock price for either the week or for the year. The bulk of this week's gains came on Wednesday when the company announced they were laying off 100 workers at their headquarters in Hoffman Estates, IL. The strong gains for the year also seemed to be tied to cutbacks; Sears announced at the end of last year that it was planning to close 100-120 K-mart and Sears full-stores. Here's the line chart of the stock price going back to the beginning of 2011:

Click here to go to the live chart.
Even with the cutbacks, analysts haven't changed their estimates and are still projecting SHLD to lose close to five dollars a share in the calendar third quarter of this year. Sears announces calendar Q4 2011 results on Monday so maybe something positive has been leaked. The recent trend however is not good; they've missed the last three quarters in a row. Here's the comparison chart of EPS estimates and EPS actuals:

Click here to go to the live chart.

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