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Friday, November 27, 2009

Stocks In Focus For Monday

By MarketWatch

MarketWatch

SAN FRANCISCO -- Retail and financial shares are expected to take the center stage in Monday's session with Black Friday and Dubai's financial woes likely to be the two predominant themes in the market

Guess (GES) , scheduled to release third-quarter results, is expected to report earnings of 50 cents a share, according to a consensus survey by FactSet Research.

Ubisoft (UBSFY) is slated to release its interim 2009 report.

Early indications of traffic and sales on Black Friday are pointing to "very good signs" to the holiday shopping season, said Macy's Inc. (M) Chief Executive Terry Lundgren in an interview, adding that more than 5,000 customers waited outside of Macy's flagship store on 34th street in New York before it opened at 5 a.m.

Electronics retailer Best Buy (BBY) said its Black Friday traffic is up so far as consumers purchased smart phones, flat panel televisions, laptops, netbooks and digital cameras. "We are pleased with the traffic and pleased that consumers are out," Chief Executive Brian Dunn said in an interview.

Financial-services stocks may continue to retreat on concerns about a potential $60 billion debt default by Dubai World, which owes roughly $60 billion. Dubai World has payments of billions of dollars due in coming weeks but announced a six-month "standstill" on repayments. Extending payment deadlines like this is considered a default by many fixed-income investors. See how financial stocks fared

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