Talbots Inc.
(TLB) opened at $8.46. So far today the stock has hit a low of $8.34 and a high of $9.02. TLB is now trading at $8.82, up 0.36 (4.24%). After hitting a one-year high of $26.1 in August, the stock hit a one-year low of $6.48 in January. TLB shares are trading higher today after competitor Gap Inc.
(GPS) posted a fourth-quarter profit of 35 cents per share, matching analysts' estimates. GPS's profit could mean that the holiday season was not as bad for apparel retailers as analysts had predicted. Technical indicators for MGM are bearish and steady, while S&P gives the stock a neutral 3 Stars (out of 5) Hold rating. If you’re looking for a hedged play on this stock, consider an April bull-put credit spread below the $7.50 range. MGM hasn't been below 7.50 since January. The stock could lose up to 14.9% before this trade runs into trouble. [LHF- Seven Summits Strategic Investments NewsBite]