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News Breaks
January 24, 2013
12:59 EDTROSTRoss Stores advances following Credit Suisse upgrade
Ross Stores (ROST) is climbing after Credit Suisse analyst Michael Exstein upgraded the stock to Outperform from Neutral in a note to investors earlier today. Ross Stores is benefiting from transitions at competitors J.C. Penney (JCP) and Kohl's (KSS), as well as recent bankruptcies by other discount retailers, including SYMS and Daffy's, Exstein wrote. Moreover, Exstein expects Ross Stores to launch an e-commerce initiative "sooner rather than later," as many of its peers have already done. An e-commerce strategy is becoming increasingly important for retailers, the analyst believes. Exstein increased his price target on the stock to $68 from $60 and named it a Top Pick for 2013. In early afternoon trading, Ross rose $1.92, or 3.24%, to $61.01.
News For ROST From The Last 14 Days
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May 22, 2015
11:33 EDTROSTRoss Stores slides after announcing plans for wage hike
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May 21, 2015
16:07 EDTROSTRoss Stores raises FY15 EPS to $4.72-$4.87 from $4.60-$4.80, consensus $4.83
16:05 EDTROSTRoss Stores sees Q2 EPS $1.19-$1.24, consensus $1.26
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16:05 EDTROSTRoss Stores reports Q1 EPS $1.37, consensus $1.28
Reports Q1 revenue $2.94B, consensus $2.89B. Reports comparable store sales up 5%.
15:01 EDTROSTNotable companies reporting after market close
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14:40 EDTROSTRoss Stores technical comments before earnings
On a long-term chart, 5-year basis, the price action since February appears to be a potential bullish flag pattern. That pattern will not become active unless price breaks the top of the bearish price channel at $104.50. If there is better than expected news or outlook, the pattern would likely become active. Upside potential is to the $112 area. If the news is bearish, a move below $100 would void the pattern. Next supports in that event would be at $97.78, $91.99, and $89.30.
May 19, 2015
10:59 EDTROSTTJX results have positive read through for Ross Stores, says Wedbush
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08:50 EDTROSTRoss Stores June volatility elevated into Q1 and outlook
Ross Stores June call option implied volatility is at 28, July is at 22, August is at 24; compared to its 90-day average of 24, suggesting large near term price movement into the expected release ofQ1 results on May 21.

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