Today’s Trade Alerts include: GT Legend Automotive Holdings Inc. (Pink Sheets: GTLA), YRC Worldwide Inc. (Nasdaq: YRCW), Blockbuster Inc. (NYSE: BBI), AMR Corp. (NYSE: AMR), PetSmart Inc. (Nasdaq: PETM) and Foot Locker Inc. (NYSE: FL).

GT Legend Automotive Holdings Inc. (GTLA) Trade Alert – GTLA’s New “Electric Driveshaft” Reduces Greenhouse Gas Footprint by 90%

GT Legend Automotive Holdings Inc. (GTLA) shares surged 18.75% to 9 cents this morning. GT Legend, through its subsidiary, Planet Nutrition Inc., operates as a retailer of nutritional products and programs in the diet and nutrition industry principally in the United States.

The company recently announced the development of the “Electric Driveshaft.” With the use of this performance hybrid technology, the consumer could see an additional 150 HP and more than 400 ft lbs of torque while still embracing performance or economy gas engine and potentially receiving over 100 MPG as a commuter driving up to 60 miles per day and 45 MPG on the highway per 250 mile trip when in economy mode. “Electric Driveshaft” also decreases their green house gas footprint by 90%.

According to GT Legend, the cost of creating an automotive market dominated by electric and hybrid cars is prohibitively high. These investments will require a firm commitment to reducing greenhouse gases regardless of cost. If cost-effectiveness were the goal, improving the performance of today’s internal combustion engines would be the best option.

Studies reveal electric cars have a big role to play in reducing the world’s greenhouse gas emissions. Electric vehicles could realistically make up a significant fraction of the world’s car market in the foreseeable future. About 11 million hybrid and three million electric vehicles will be sold globally in 2020, and they will make up 28% of those sold in the world’s biggest markets.

GT Legend also announced the addition of Stephen Chirrick to its team of seasoned automotive aftermarket professionals. Chirrick has more than 20 years of automotive success in the aftermarket and original equipment manufacturer (OEM). Chirrick brings a solid and proven background in design, fabrication, mechanical engineering and sales and marketing experience.

GT Legend offers products related to amino acids, anabolic precursors, bars, cretine, dietary fats/oils, drinks, fitness accessories, herbs, joint care, low carb products, meal replacements, nitric oxide, proteins, snacks / foods, sport performance, tanning, vitamins / minerals, weight gain and weight loss/energy.

In addition, the company manufactures and markets fitness equipment. Its products include free weight machines, selectorized machines, and a line of body weight training equipment geared toward professional, college, and high school athletes, as well as correctional facilities, recreation trails and other forms of outdoor training.

GT Legend markets its products through strategic partnerships with manufacturers and distributors, collaborations with fitness centers, and company stores, as well as through its Web site, store.planetnutritiononline.com.

In today’s daily chart, GTLA’s Bollinger Bands indicate a relatively stable condition as reflected by tighter than normal band width. Trading within its Bollinger Bands, the stock reflects neither an overbought nor oversold condition relative to its recent price action. MACD reflects a strong bullish signal, with the indicator above the 9-day moving average signal line, and also above the 0 level, indicating that moving averages are trending higher. With share prices currently above the stock’s 13-day moving average, a bullish trend is reflected, strengthened by rising moving averages, indicating a significant buying momentum for the stock.

YRC Worldwide Inc. (YRCW) Trade Alert – YRCW Completes Integration of its Yellow Transportation and Roadway Brands

YRC Worldwide Inc. (YRCW) shares climbed .62% to $1.62 in today’s early trading. YRC provides transportation services for the shipment of industrial, commercial and retail goods in the United States and internationally.

The company recently said it has completed the integration of the national networks of two of its units. YRC said in a statement its Yellow Transportation and Roadway brands will now operate under the name YRC, a brand providing more than 160 combined years of experience moving big shipments.

Bill Zollars, chairman, president and CEO of YRC Worldwide, said “This is a game-changing event for our company and the transportation industry. By going to market as YRC, we’re making it easier for customers to do business with the industry leader – and harder for the competition to match our network and our capabilities.”

Last month the company’s lenders agreed to amend its $962 million credit facility, a move that analysts said should provide it with some breathing space to weather the downturn.

YRC said it has been hard hit by the economic downturn in the United States, as has the whole trucking sector where freight volumes have been weak since the third quarter of 2006.

The company also said its chairman, president and CEO, Bill Zollars, will present at the JPMorgan Aviation & Transportation Conference Wednesday, March 11, 2009, at 9:30 a.m. ET. The conference will be held at the JPMorgan Conference Center, 383 Madison Avenue, New York, New York.

YRC’s operating units include YRC National Transportation, YRC Regional Transportation, and YRC Logistics. YRC National Transportation unit offers a range of services for the transportation of industrial, commercial, and retail goods, such as apparel, appliances, automotive parts, chemicals, food, furniture, glass, machinery, metal, metal products, non-bulk petroleum products, rubber, textiles, wood and other manufactured products or components in regional, national and international markets, primarily through the operation of owned or leased equipment. As of December 31, 2007, National Transportation had 14,758 owned tractors, 2,379 leased tractors, 61,183 owned trailers, and 3,579 leased trailers.

YRC Regional Transportation unit’s service portfolio comprise regional delivery that includes next-day local area delivery and second-day services, consolidation/distribution services, protect-from-freezing and hazardous materials handling, and other specialized offerings; expedited delivery, including day-definite, hour-definite, and time definite capabilities; truckload delivery; inter-regional delivery; cross-border delivery; and operation of USFNet.com and NewPenn.com e-commerce Web sites offering customized online resources to manage transportation activity.

YRC Logistics unit offers a range of logistics services, including flow through and pool distribution, warehousing, value added services, freight forwarding, customs brokerage, truckload brokerage, contract carriage and transportation management.

In today’s daily chart, YRCW’s MACD reflects a strong bearish signal, with the indicator below the 9-day moving average signal line, and also below the critical 0 level, indicating that moving averages are trending lower. Trading within its Bollinger Bands, the stock reflects neither an overbought nor oversold condition relative to its recent price action. With share prices currently below the stock’s 13-day moving average, the bearish signal is more pronounced with decreasing moving averages.

Blockbuster Inc. (BBI) Trade Alert – BBI Denies News of Bankruptcy, Plans Renewal of Bank Facility in August

Blockbuster Inc. (BBI) shares surged 25.53% minutes after the opening bell, trading at 59 cents. Blockbuster, together with its subsidiaries, operates and franchises entertainment-related stores. It offers pre-recorded videos, as well as video games for in-store rental, sale and trade, and also sells other entertainment-related merchandise.

The company recently denied news reports suggesting the company hired an outside party to help the company organize strategic alternatives, including a possible filing for bankruptcy protection. A spokeswoman for Blockbuster said its hired Kirkland & Ellis as a consultant to assist with capital-raising initiatives, but says bankruptcy is not a strategy the company is pursuing.

Blockbuster spokeswoman said the company has a bank facility that is due in August, and the company is hoping to get another facility in place by the time the first line of credit expires. The spokeswoman said even without a new credit facility, Blockbuster, if it had to, could fund its business through the rest of the year. However, she added, the company hopes that will not be necessary, so it is exploring financial options. Blockbuster also shot down reports that the company was seeking protection from creditors.

Blockbuster also offers rental and retail movie entertainment through the Internet and by mail in the United States. Blockbuster operates its stores under the BLOCKBUSTER brand name.

The company also operates stores under the XTRA-VISION brand name in the Republic of Ireland and Northern Ireland, as well as operates freestanding and store-in-store game locations under the GAME RUSH brand in Canada, Italy, Mexico and Denmark. As of October 5, 2008, it operated approximately 7,500 stores.

In today’s daily chart, BBI’s Bollinger Bands indicate greater than normal volatility as reflected by an increase in distance between the upper and lower bands. Trading below its lower Bollinger Band, the stock reflects a downside overextension, indicating either a pause or retracement to follow. MACD reflects a strong bearish signal, with the indicator below the 9-day moving average signal line, and also below the critical 0 level, indicating that moving averages are trending lower. With share prices currently below the stock’s 13-day moving average, the bearish signal is more pronounced with decreasing moving averages.

AMR Corp. (AMR) Trade Alert – AMR Reports 13.5% February Traffic Decline, 10.1% Capacity Decline to 11.67 Billion

AMR Corp. (AMR) shares dropped 10.97% to hit $2.76 in today’s early trading. AMR, through its subsidiaries, operates in the airline industry in the United States. The company, through its principal subsidiary, American Airlines Inc., provides scheduled jet service to approximately 150 destinations throughout North America, the Caribbean, Latin America, Europe and Asia.

The company recently said its February traffic fell 13.5%, as the airline cut capacity and filled fewer seats. American Airlines flew a total of 8.63 billion revenue passenger miles in February compared with 9.98 billion in the same month last year. Its available seat miles, or capacity, fell 10.1% to 11.67 billion from 12.98 billion in February 2008; while load factor, or occupancy, dropped by 2.9 percentage points to 73.9%.

American Airlines’ domestic traffic fell 13.7% to 5.55 billion revenue passenger miles, as capacity dropped 12.4% to 7.16 billion available seat miles and load factor fell 1.2 percentage points to 77.6%.
International traffic dropped 13.2% to 3.07 billion revenue passenger miles on a 6.3% drop in capacity to 4.51 billion available seat miles. International load factor decreased by 5.4 percentage points to 68.1%.

For the first two months of the year, American Airlines’ traffic decreased 12.6% to 18.27 billion revenue passenger miles, while capacity fell 9.2% to 24.74 billion available seat miles. Its load factor dropped by 2.9 percentage points to 73.8%. The airline flew 11.7 billion available seat miles last month, down from just under 13 billion a year earlier.

American Airlines also operates as a scheduled air freight carrier, providing a range of freight and mail services to shippers.

AMR, through its subsidiary, AMR Eagle Holding Corp., owns and operates two regional airlines, providing connecting service from nine of American’s high-traffic cities to smaller markets throughout the United States, Canada, Mexico and the Caribbean under the name American Eagle.

The company serves 250 cities in 40 countries with approximately 3,400 daily flights. As of December 31, 2008, AMR owned and leased aircrafts in operation included 626 American Airlines Aircrafts and 266 AMR Eagle Aircrafts.

In today’s daily chart, AMR’s Bollinger Bands indicate greater than normal volatility as reflected by an increase in distance between the upper and lower bands. Trading within its Bollinger Bands, the stock reflects neither an overbought nor oversold condition relative to its recent price action. MACD reflects a strong bearish signal, with the indicator below the 9-day moving average signal line, and also below the critical 0 level, indicating that moving averages are trending lower. With share prices currently below the stock’s 13-day moving average, the bearish signal is more pronounced with decreasing moving averages.

PetSmart Inc. (PETM) Trade Alert – PETM Posts 4% Q4 Profit Increase, 26% Full-year Profit Decline

PetSmart Inc. (PETM) shares fell 6.16% to $17.37 this morning. PetSmart provides products, services, and solutions for pets in North America. It provides foods for dogs and cats; pet supplies consisting of collars, leashes, health and beauty aids, shampoos, medication, toys, pet carriers, and pet houses for dogs, cats, fishes, birds, reptiles and small pets; and fresh-water tropical fish, birds, reptiles and small pets.

As both merchandise and service sales increased, the company recently said its profit edged up 4% in the fiscal fourth quarter. PetSmart reported net income of $78.4 million, or 62 cents per share, in the three months ended February 1, compared with net income of $75.4 million, or 59 cents per share in the fourth quarter of fiscal 2007. Its sales grew 2% to $1.36 billion from $1.33 billion the previous year. According to Thomson Reuters, analysts had forecast a profit of 59 cents per share and $1.36 billion in revenue.

For the full year, PetSmart’s profit fell 26% to $192.7 million, or $1.52 per share, from $258.7 million, or $1.95 per share. Its revenue increased 8% to $5.07 billion from $4.67 billion.
The company recently said it anticipates a profit of $1.40 to $1.50 per share for the fiscal year ending in 2010, while analysts expect $1.48 per share on average. PetSmart said it expects revenue to grow in the mid- to high-single digits from 2008’s total of just under $5.07 billion.

According to Thomson Reuters, analysts expected $5.23 billion in revenue. That suggests growth of more than 3%.

The company also offers various pet services, including grooming, such as precision cuts, baths, toenail trimming and tooth brushing; and training, boarding and day camp. In addition, the company’s PetsHotel provides boarding for dogs and cats, supervision by caregivers, an on-call veterinarian, temperature controlled rooms and suites, daily specialty treats, and play time, as well as day camp for dogs.

Further, it offers veterinary care services, including examinations and vaccinations, dental care, a pharmacy, and routine and complex surgical procedures. The company sells its products through its stores, as well as through its Web site. As of February 3, 2008, it operated 1,008 retail stores in North America.

In today’s daily chart, PETM’s Bollinger Bands indicate a relatively stable condition as reflected by tighter than normal band width. Trading within its Bollinger Bands, the stock reflects neither an overbought nor oversold condition relative to its recent price action. MACD reflects a weak bearish signal, with the indicator above the critical 0 level but crossing below its 9-day moving average signal line, indicating bullish moving averages, but slowing positive momentum. With share prices currently below the stock’s 13-day moving average, the bearish signal is more pronounced with decreasing moving averages.

Foot Locker Inc. (FL) Trade Alert – FL Reports $126 Million Q4 Loss, Plans to Reduce Capital Spending and Expenses in 2009

Foot Locker Inc. (FL) shares gained 2.53% this morning, trading at $8.50. Foot Locker, through its subsidiaries, operates as a retailer of athletic footwear and apparel. It operates in two segments, Athletic Stores and Direct-to-Customers.

The company recently reported loss for its fiscal fourth quarter ended January 31 totaled $126 million, or 82 cents per share, compared with net income of $72 million, or 46 cents per share a year earlier. However, adjusted results beat analyst expectations. Excluding one-time items, net income totaled 24 cents per share. Analysts polled by Thomson Reuters, on average, predicted a profit of 16 cents per share.

Foot Locker’s fourth-quarter sales fell 11% to $1.32 billion from $1.48 billion a year earlier, while analysts expected revenue of $1.37 billion.
For the year, the company lost $81 million, or 53 cents per share, compared with a profit of $38 million, or 24 cents per share, last year. Its sales fell 4% to $5.24 billion from $5.44 billion last year.

The company said in 2009 it will decrease capital spending and cut expenses and inventory due to the weak retail environment, but did not give specific guidance. It said its capital expenditures would now be lowered to $100 million, but did not provide its earlier estimate and said it would further reduce operating costs and inventory.
Looking ahead, Foot Locker said it planned to open 25 new stores in 2009 and remodel or relocate up to 150 stores.

Foot Locker’s Athletic Stores segment operates athletic footwear and apparel stores under various formats, including Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, and Footaction. This segment offers products for various activities, including basketball, hiking, tennis, aerobics, fitness, baseball, football, and soccer for males, women and children. As of November 5, 2008, it operated approximately 3,700 stores in 21 countries in North America, Europe and Australia.

The Direct-to-Customers segment, through its affiliates, sells products through catalogs and Internet Web sites. Foot Locker has a strategic alliance with Footlocker.com Inc. T

In today’s daily chart, FL’s MACD reflects a strong bullish signal, with the indicator above the 9-day moving average signal line, and also above the 0 level, indicating that moving averages are trending higher. Trading within its Bollinger Bands, the stock reflects neither an overbought nor oversold condition relative to its recent price action. With share prices currently near its upper Bollinger Band, the stock reflects a high price relative to its recent price action.

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