Services Stocks Technical Reports -- Signet Jewelers, Tiffany, Caesars Entertainment, and Birks

Sep 09, 2016, 08:15 ET from Chelmsford Park SA

NEW YORK, September 9, 2016 /PRNewswire/ --

Global activity in the Services sector rose up to a four-month high of 51.5 in August compared with July's 51.4 on the J.P. Morgan Global Services Business Activity Index. Activity in the U.S. sector in August, however, slowed to a 6 ½-year low due to an unlikely rate hike this month. This morning, is reviewing four companies to see if they signal growth opportunities: Signet Jewelers Ltd (NYSE: SIG), Tiffany & Co. (NYSE: TIF), Caesars Entertainment Corp. (NASDAQ: CZR), and Birks Group Inc. (NYSE MKT: BGI). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:

Signet Jewelers  

Hamilton, Bermuda-based Signet Jewelers Ltd's stock finished Thursday's session 0.86% lower at $81.77 with a total volume of 758,647 shares traded. Shares of the Company, which engages in the retail sale of diamond jewelry and watches in the US, Canada, Puerto Rico, the UK, the Republic of Ireland, and the Channel Islands, are trading 5.82% below their 50-day moving average. The stock has a Relative Strength Index (RSI) of 40.58.

On August 25th, 2016, Signet announced that total sales were $1,373.4 million, down $37.2 million, or 2.6%, in Q2 FY17, compared to $1,410.6 million in Q2 FY16. The company reported Q2 FY17 diluted earnings per share of $1.06. Gross margin was $464.9 million, or 33.9% of sales, down 90 basis points versus second Q2 FY16, due to lower sales partially offset by less purchasing accounting.

On August 30th, 2016, research firm JP Morgan downgraded the Company's stock rating from 'Overweight' to 'Neutral'. The research firm also revised downwards its previous target price from $136 to $90. Visit us today and access our complete research report on SIG at:


On Thursday, shares in New York headquartered Tiffany & Co. recorded a trading volume of 1.40 million shares. The stock ended the session 1.10% lower at $69.01. The Company's shares have advanced 8.83% in the last one month and 11.19% in the previous three months. The stock is trading 6.45% above its 50-day moving average and 2.67% above its 200-day moving average. Moreover, shares of Tiffany & Co., which through its subsidiaries, designs, manufactures, and retails jewelry and other items worldwide, have an RSI of 53.28.

On August 25th, 2016, Tiffany reported that worldwide net sales declined 6% to $932 million and comparable store sales declined 8% in Q2 2016. The company's net earnings rose 1% to $106 million, or $0.84 per diluted share, from $105 million, or $0.81, in the prior year.

On August 26th, 2016, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $65 a share to $76 a share. The complimentary report on TIF can be downloaded at:

Caesars Entertainment  

Shares in Las Vegas, Nevada-based Caesars Entertainment Corp. closed the day 2.93% higher at $6.68. The stock recorded a trading volume of 808,438 shares. The Company's shares are trading 6.49% below their 50-day moving average. Additionally, shares of Caesars Entertainment, which through its subsidiaries, provides casino-entertainment and hospitality services in the US and internationally, have an RSI of 43.17.

On September 7th, 2016, Caesars Entertainment and Gamblit Gaming, the leading publisher for real-money and skill-based gaming for land based casinos, announced a multi-year agreement pursuant to which Caesars will be the first casino operator to bring Gamblit's innovative, skill-based gaming positions to market. Beginning in October 2016, Caesars plans to bring Gamblit's Model G™ and Tristation™ positions to Southern California, and install positions in Caesars' Nevada properties and other markets shortly thereafter. The companies expect these to be the first skill games and positions to hit the California and Nevada markets. Register for free on and access the latest research report on CZR at:

Birks Group  

At the close, shares in Montreal, Canada headquartered Birks Group Inc. ended at $1.93, climbing 2.96%. The stock recorded a trading volume of 495,737 shares. The Company's shares have skyrocketed 316.85% in the previous three months and 424.46% on an YTD basis. The stock is trading above its 200-day moving average by 121.60%. Furthermore, shares of Birks Group, which designs, develops, makes, and retails fine jewelry, timepieces, sterling and plated silver, and gifts in the US and Canada, have an RSI of 47.13. Get free access to your research report on BGI at:


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