As CEO's will tend to do, Guess? Inc.'s (NYSE: GES) Paul Marciano attempted to save face by reporting on a conference call yesterday that the company's positive earnings were able to withstand the dismal economy Europe has been experiencing. It's up to today's market to determine whether or not this, in fact, was accurate.
Similar to the likes of troubled Lindsey Lohan or the late Whitney Houston, Urban Outfitters Inc. (NASDAQ: URBN), once at the top of its game, has abruptly fallen down the rabbit hole.
The upscale retailer has failed to assure analysts that it is still a safe investment, as its incredibly disappointing 4Q results still loom in the eyes of investors.
Urban Outfitters, Inc. (NASDAQ:URBN) is a lifestyle specialty retail company that operates under the Urban Outfitters, Anthropologie, Free People, Terrain, Leifsdottir and BHLDN brands. The Company also operates a wholesale segment under the Free People and Leifsdottir brands. Its retail stores offer collections of fashion apparel, accessories and home goods. Urban Outfitters, Inc.
Orofino Gold Corp is a Colombia based gold producer that focuses on discovery, acquisition, and expansion of mineral-rich resource deposits primarily in the Americas. Orofino Gold Corp was founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise.
Gone are the days of buy-and-hold investing. Stock picking was the strategy for the past decade, and these 10 companies were the best performers in the S&P 500.
Intuitive Surgical
Stock picking trumped buy-and-hold over the past decade, reversing the reigning investment strategy that encouraged investors to pile into passively managed index funds.
The retail sector has enjoyed a solid run off the August lows. The S&P 500 index gained 14.1% since the August low and XRT, SPDR S&P Retail Index ETF has move 30.4%. The leadership from the sector has played a key role in the move of the broader index.
Today was tough for longs and it is always difficult for the markets to change directions with skeleton crews of investors. Ireland, the Korean conflict and the insider trading issue didn't help the cause much today either. Usually the makeup of investors on the eve of a holiday consists mostly of action junkies and the volume will be light.
