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Ticker Shocks: American Eagle, Talbot Stitch Together So-So Results


Tuesday's top stories and stocks with potential to move.


What do you say we make it 3 in a row today?

Here's what's on the ol' radar:

BHP Billiton (BHP)
According to CNBC, "Global miner BHP Billiton abandoned its hostile takeover bid for rival Rio Tinto, blaming sliding metals prices and the threat of global recession for scuppering the mega-merger."

This is a bit of a surprise given that BHP has been in hot pursuit of Rio for so long. But some of the shine has come off this apple, and it could be a decent move - and one that sends shares higher on the news. Rio Tinto's (RTP) stock, on the other hand, could get taken out to the woodshed in today's session.

American Eagle (AEO)
The well-known retailer offered up its third-quarter numbers before the opening bell this morning. Excluding a charge, it put up $0.30 cents per share, which at first blush appears to be in line with expectations. Meanwhile, its same-store sales were off a fairly hefty 7% and gross profit as a percentage of sales took a whack.

Taking it a step further, this passage from the company's press release didn't sit all that well:

Sales trends in November have remained challenging. Through the first two weeks of the month, comparable stores sales declined 17%. With one-third of November sales still ahead, and the importance of the Thanksgiving weekend needed to gauge holiday selling, the company will provide fourth quarter earnings guidance next week along with its November sales announcement.

I like American Eagle for the long haul, but I'd rather wait for some guidance next week before considering dipping my tootsie in the water.

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No positions in stocks mentioned.

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