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June 07, 2013 at 10:55 AM EDT
Today’s Research on MGM, SBUX, M, ASNA, and SIG

StockCall.com Provides Stock Research on MGM Resorts Intl., Starbucks Corp., Macy's Inc., Ascena Retail Group Inc., and Signet Jewelers Ltd

New York City, New York -- (June 07, 2013)

The vast U.S. services sector expanded in the month of May, according to data released by Institute for Supply Management earlier this week. The services sector in the U.S. is benefiting from an improvement in consumer confidence. Consumer confidence could receive further boost if May’s non-farm payrolls data shows strong recovery in the labor market. On Thursday, June 6, 2013, the services sector in the U.S. ended mostly higher as the broad market posted gains even as concerns over Federal Reserve’s bond buying program continues to weigh down sentiment. The major movers in the sector included MGM Resorts International (NYSE: MGM), Starbucks Corporation (NASDAQ: SBUX), Macy’s Inc. (NYSE: M), Ascena Retail Group Inc. (NASDAQ: ASNA), and Signet Jewelers Ltd. (NYSE: SIG). StockCall professionals have completed their technical analysis on MGM, SBUX, M, ASNA, and SIG and these free reports are accessible by registering at

www.stockcall.com/research

Shares in MGM Resorts International ended slightly higher on Thursday. The company’s shares hit an intraday high of $14.71 before finishing the day 0.41% higher at $14.58 and on total volume of 11.04 million. It is worth noting that its daily average volume is 11.73 million. However, despite the gains registered yesterday, June 06, 2013, the stock is down over 4.70% for the last three trading sessions. So far this year, the stock has grown over 25.20%, hence outperforming the S&P 500. Sign up for the free technical research on MGM at

www.StockCall.com/MGM060713.pdf

Starbucks Corporation’s stock moved higher in its most recent session, reversing most of the losses seen in the previous two trading days. The company’s shares hit an intraday high of $63.06 before finishing the day 1.09% higher at $63.02. What’s more, it registered a total of 4.31 million shares traded which is above the daily average volume of 4.29 million. Shares of SBUX are now down nearly 0.70% in the last three sessions. Additionally, the stock is currently trading close to its 52-week high of $64.93. Be sure to read our latest technical research on SBUX by registering at

www.StockCall.com/SBUX060713.pdf

Shares in Macy’s Inc. rose sharply yesterday, tracking gains in the broader market. The company’s shares traded between $47.40 and $48.39 before closing the day at $48.39, or up 2.17%. Volume for the day was 3.69 million traded shares which is slightly above the daily average volume of 3.63 million. Shares of this department stores’ company have gained over 24.60% since the beginning of this year, thus outperforming the S&P 500. Furthermore, the stock is currently trading 3.22% below its 52-week high. Sign up and read the complimentary report on M at

www.StockCall.com/M060713.pdf

Ascena Retail Group Inc.’s stock tumbled on Thursday even as the broader market posted gains. The company’s shares ended the day 8.71% lower at $18.13 after vacillating between $17.67 and $18.30. Additionally, 5.22 million shares were traded throughout the session which is well above the daily average volume of 970,037. Shares of ASNA have fallen over 9% in the last three trading sessions. The free report on ASNA can be downloaded by signing up now at

www.StockCall.com/ASNA060713.pdf

Shares in Signet Jewelers Ltd. moved higher yesterday, reversing some of its losses from earlier in the week. The company’s shares ended the day 1.39% higher at $67.64 and on volume of 468,622 shares which is well below the daily average volume of 714,371. Moreover, SIG’s shares have declined more than 1.50% in the last three trading sessions. Currently, the stock is trading 6.73% below its 52-week high. Free report on SIG can be accessed by registering at

www.StockCall.com/SIG060713.pdf

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