Thursday 6 June 2013

Stocks on the Move,June 6th, 2013


Retail same-store sales bounced back from in May as warmer weather and discounts drove traffic.  Costco (COST)  continued its winning streak with a 5% increase in same-store sales while  L Brands (LTD) saw a better-than-expected 4% rise in same-store sales at Victoria’s Secret. The data is incomplete, as many large retailers have discontinued the practice of releases monthly sales data.  Shares of  Visa (V) were up less than 1% after the firm reiterated its current-year forecast of 20% earnings per share growth. The firm expects growth to slow down next year. Visa also reported that payment volumes grew 12% in both April and May in the United States.

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