Gossip

Filed under: Major movement, Crocs Inc (CROX), Taser Intl Inc (TASR)The market is down today as investors weigh the consequences of a rising interest rates, but not all stocks are getting taking a hit. As always, even in down markets some stocks are going to flourish, and today three of the stocks that have been able to look a down market in the face while climbing to new highs are Crocs, Inc. (NASDAQ: CROX), Jos. A. Bank Clothiers, Inc. (NASDAQ: JOSB) and TASER International, Inc. (NASDAQ: TASR).

Let's take a quick look at why each of these stocks have been able to trade up to new highs:

1) Crocs, Inc. (NASDAQ: CROX) finished the day up 0.2% to $91.18 up $0.21 after setting a new 52 week high earlier in the session up at $93.58. Here is a stock that has been on fire lately, and was pushed to a new high today after positive comments on th e stock from Jim Cramer. As Brent Archer pointed out earlier today, Cramer just plain loves Crocs. Citing that the recent consumer frenzy surrounding CROX products has led to inventory problems to to the point where stores just can't seem to keep the shoes on the shelves. If you think that CROX is expensive now with shares up over $90 a share, Cramer thinks that this is the beginning of a much larger move to the upside once analysts start taking notice and initiating coverage on this stock. It seems like everyone is talking about Crocs these days and don't be surprised to see more upside out of this one.

2) Jos. A. Bank Clothiers was able to trade up to a new 52 week high today of $46.15 and ended up finishing out the session at $43.99 up 0.3% on the day a fter strong earnings and a broker upgrade. Last night after the market close JOSB posted its first quarter earnings and the company showed a strong 42% jump in profit to $8.4 million. At this level, the stock earned 45 cents per share which easily beat the 41 cents per share that analysts had been expecting. Following last nights strong showing, the stock also benefited today from an upgrade by First Albany which lifted their rating on the stock from a "sell" to a "neutral".Continue reading New highs for CROX, JOSB and TASR

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Crocs takes it to the next level: Boots and shoes!
Filed under: Launches, Consumer experience, Crocs Inc (CROX)It seems Crocs Inc. (NASDAQ: CROX) got the message: A lot of people think those plastic clogs are pretty ugly, even if they were as comfortable as promised. In a move to expand its clientele, the company unveiled a new "You by Crocs" line of nine cozy boots and shoes. Great, a new line of comfy boots and shoes from a popular name, right? Not so much. While the plastic, brightly hued clogs are favored for their distinctive Mario Batali flair, the You by Crocs footwear line seems, well, bland in comparison . The WSJ reports that CROX shares have risen 262% in the past 12 months to close today at $85.05, up $2.88. Will this new line be the crock of gold at the end of the rainbow or will it be a crock of another kind? Unless there are some You by Crocs-shod celebrity sightings soon, Crocs might end up flat on the face.Read | Permalink | Email this | Comments

Monday Market Rap: MO, AAPL, NFLX, CROX, & X
Filed under: Apple Inc (AAPL), General Motors (GM), Netflix, Inc. (NFLX), Altria Group (MO), H and R Block (HRB), U.S. Steel (X), Options, Crocs Inc (CROX)The equities returned a mixed mostly flat session. United States Steel (NYSE: X) dropped $8.85 (-7%) to $116.20 as ThyssenKrupp denied take-over talks. Netflix (NASDAQ: NFLX) fell $1.50 (-6%) to $21.93 on a downgrade. Crocs (NASDAQ: CROX) rose $4.41 (5%) to $90.97. H&R Block (NYSE: HRB) rose $1.06 (5%) to $23.58 on an analysts upgrade and takeover speculation comments. The NYSE had volume of 2.6 billion shares with 1,650 shares advancing while 1,635 declined for a gain of 15.66 points to close at 9,841.73. On the NASDAQ, 1.6 billion shares traded, 1,393 advanced and 1,635 declined for a loss of 1.39 to 2,572.15.Altria Group -which had lawsuit news today- (NYSE: MO) saw heavy volume on the June 70 calls (MOFN) with over 51,000 options trading and the July 70 calls (MOGN) moved 47,000 calls options trading. Apple (NASDAQ: AAPL) saw volume on the June 125 calls (APVFE) with over 74,000 options trading while the June 130 calls (APVFF) moved 68,000 contracts. General Motors (NYSE: GM) saw action on the June 30 calls (GMFF) with over 28,000 tallied. In options there were 4.5 million puts and 4.9 million calls traded for a put/call open interest ratio of 0.92Kevin Kersten is an Options Analyst with InvestorsObserver.com. Do you have any deadwood in your portfolio? Check out the 18 Warning Signs That Tell You To Dump A Stock. Disclosure note: Mr. Kersten owns and or controls a diversified portfolio of long and short positions that may include holdings in companies he writes about.Permalink | Em! ail this | Comments