News For SCSS From The Last 14 Days Check below for free stories on SCSS the last two weeks.
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May 25, 2012
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| 16:19 EDT |  | SCSS |
| theflyonthewall.com: | On The Fly: Closing Wrap | | Stock futures were quiet during the pre-market trading session, but weakened just prior to the open after the euro hit its lowest level in the past 22 months. Stocks opened lower and drifted in a narrow range for most of the morning. Around 1pm, S&P downgraded ratings on five Spanish banks which only added to the uncertainty over Europe. The selling momentum increased, pushing the averages to session lows. As the news flow slowed to a trickle ahead of the holiday weekend, the averages struggled to keep from undergoing a major sell-off. ECONOMIC EVENTS: In the U.S., the University of Michigan consumer confidence reading for May was 79.3, versus consensus of 77.8...COMPANY NEWS: VeriFone (PAY) was among the day's biggest decliners after reporting stronger than expected Q2 results, but providing disappointing Q3 guidance. VeriFone's rationale that its results would be hurt by the projected strength of the dollar against the euro contributed to Deutsche Bank (DB) reiterating its Sell rating on the stock. The firm noted that the company had previously indicated that its results were not significantly affected by foreign exchange issues. MAJOR MOVERS: Among the notable gainers were Tempur-Pedic (TPX) which jumped 3.9% to $48.95 and Select Comfort (SCSS), which rallied 5.5% to $28.04, after a trade group reported that mattress industry sales grew by double digits in April. Noteworthy losers included Talbots (TLB), which tumbled about 41% to $1.51, after the company said it had ended exclusive acquisition talks with Sycamore Partners, and VimpelCom (VIP), which dropped 16.4% to $7.30, after the company reported a Russian court issued a new injunction against it and it may defer the payment of a previously declared dividend. INDICES: The Dow fell 74.92 to 12,454.83, the S&P lost 2.86 to 1,317.82, and the Nasdaq shed 1.85 to 2,837.53. :theflyonthewall.com |
| | 12:11 EDT | | SCSS |
| | 09:59 EDT |  | SCSS |
| theflyonthewall.com: | Tempur-Pedic, Select Comfort rally after mattress sales rise in April | | Shares of mattress retailers moved higher after the International Sleep Products Association, a bedding industry trade group, said that its April Bedding Barometer showed increases in both units sold and sales dollars compared to last year. In a note to investors this morning, Piper Jaffray said that the reported 14.5% year-over-year increase in sales suggests the weak March results were an aberration. The firm additionally wrote that recent pullbacks in shares of Select Comfort (SCSS) and Tempur-Pedic (TPX) provide excellent buying opportunities. In early morning trading, shares of Tempur-Pedic were up $2.78, or 5.90%, to $49.88, while Select Comfort (SCSS) rose $1.40, or 5.27%, to $27.97 and Sealy (ZZ) moved higher by 14c, or 8.70%, to $1.75. :theflyonthewall.com |
| | 09:38 EDT | | SCSS |
| | 09:36 EDT |  | SCSS |
| theflyonthewall.com: | Mattress industry sales up 14.5% in April, says Piper Jaffray | | Piper Jaffray says data for the mattress industry released this morning by ISPA shows that April sales were up 14.5% year-over-year. The firm views the data point as strong and believes the recent pullbacks in shares of Select Comfort (SCSS) and Tempur-Pedic (TPX) provide excellent buying opportunities. :theflyonthewall.com |
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May 13, 2012
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| 15:39 EDT |  | SCSS |
| theflyonthewall.com: | Bedding stock volatility is keeping investors "up at night", Barron's reports | | Sealy (ZZ) is fighting back on the memory-foam front, and not just with cheeky ads, Barron's says. It has created a special unit to make memory-foam products, and just rolled out a new product aimed at rival Tempur-Pedic (TPX), which makes the majority of memory-foam mattresses. Barron's contends that Tempur-Pedic's market-share growth could be coming to an end. The other big publicly traded player in the mattress business is Select Comfort (SCSS). :theflyonthewall.com |
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