Morning Research on Staples, Office Depot, PetSmart, and Tractor Supply
LONDON, April 10, 2013 /PRNewswire/ --
Notwithstanding last week's dismal jobs report for the month of March, the labor market in the U.S. has improved significantly since late last year. The improvement in the labor market is expected to benefit office products suppliers such as Staples Inc. (NASDAQ: SPLS), and Office Depot Inc. (NYSE: ODP). The improvement in labor market is also expected to boost consumer spending, which should benefit specialty retailers such as PetSmart Inc. (NASDAQ: PETM), and Tractor Supply Company (NASDAQ: TSCO). Specialty retailers ended mostly higher on Tuesday, tracking gains in the broad market. StockCall has posted free technical research reports on SPLS, ODP, PETM, and TSCO and these can be accessed by signing up at
Shares of Staples Inc. edged higher in yesterday's trading session. The stock closed 0.52% higher at $13.43 on volume of 6.70 million after touching an intra-day high of $13.64. Staples' shares have gained more than 2.50% in the last two sessions. The gains have pushed the stock above its 50-day moving average, which is a bullish signal. The positive trend is further confirmed by the stock's MACD chart. Year-to-date, the company's shares have gained nearly 19%, outperforming the S&P 500. The stock is currently trading 13.44% below its 52-week high. Download the free report on SPLS upon registration at
Shares of Office Depot Inc. rose sharply yesterday. The stock touched an intra-day high of $3.95 before finishing the day 2.09% higher at $3.91 on volume of 5.38 million. The company's shares have now gained more than 3.70% in the last three sessions, which suggests that market sentiment has turned bullish on the stock. Its MACD has crossed above the signal line, which further confirms the bullish trend. Office Depot's shares currently face resistance at around $4. Year-to-date, shares of ODP have gained more than 19%, compared to a gain of nearly 10% for the S&P 500. ODP technical report can be accessed for free by signing up at
PetSmart Inc. was among the major gainers in the specialty retail sector on Tuesday. Shares of the Phoenix, Arizona-based company closed 1.94% higher at $64.66 on volume of 1.49 million, taking their gains in the last three sessions to more than 4.20%. The stock has rebounded sharply after bottoming out at around $62. Yesterday, PetSmart's shares have moved above their 50-day moving average, which is a bullish signal. The positive trend is further confirmed by recent volume activity and the stock's MACD chart. Despite recent gains, the company's shares have fallen more than 5.30% so far in 2013. The free report on PETM can be downloaded by signing up now at
Tractor Supply Company's shares ended lower on Monday; however, the losses were limited. The stock touched a 52-week high of $109.09 earlier in the day before paring its gains to finish the day 0.20% lower at $108.43 on above average volume of 725,500. The company's shares have had an excellent run so far in 2013, gaining nearly 23%, compared to a gain of nearly 10% for the S&P 500. Shares of TSCO are currently trading well above their 50-day and 200-day moving averages. Free report on TSCO can be accessed by registering at
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