Staples, Inc., (SPLS): Founded in 1986, based in Farmingham, Massachusetts, Staples, Inc., operates as an office products retailer. The company sells office supplies and Services, business machines and related products, computers and related products, and office furniture from its 2,218 stores in 47 states and the District of Columbia in the United states.

Market is expecting a profit of 38 cents a share for the quarter ended October 2009, a drop of 4 cents compared to its actual profit of 42 cents a share it posted in the same quarter a year ago. The company posted profit of 36 cents, 22 cents and 16 cents in quarters ended January 2009, April 2009, and July 2009 respectively.

Shares are currently trading at around $23.32 just below its 52 week high of $23.65 with an average volume of over 6 million shares per trading day. Staples is in my BUY watch list for short term trading. Watch for earnings for third quarter ended October 2009, on Tuesday December 1, 2009, before market open. 

UPDATE: Staples, Inc., an office supply retailer posted better than expected third quarter profit on Tuesday December 01, 2009. Net income rose to $269.4 million or 37 cents a share, from $156.7 million or 22 cents a share compare to year earlier. Excluding integration and restructuring costs of $16 million, profit was 39 cents per share, market was expecting a profit of 38 cents a share. Shares jumped about 4.46% and is trading at $24.36 recorded at 10:00 AM.

Tiffany & Company, (TIF): Founded in 1837 and based in New York, New York, Tiffany & Company, designs, manufactures and retails fine jewelry in United States. The company also sells its products through TIFFANY & Co stores as well as through department store boutiques in Japan.

Market is expecting a profit of 24 cents a share for the quarter ended October 2009, a drop of 11 cents compared to its actual profit of 35 cents a share it posted in the same quarter a year ago. The company posted a profit of 85 cents, 20 cents and 39 cents a share in the quarters ended January 2009, April 2009 and July 2009, respectively.

Currently trading at $41.81 just under its 52 week high of $43.80 with an average volume of about 2.4 million share per trading day. TIF is in my BUY watch  list for short term trading. Watch for its earnings on Wednesday November 25, 2009 before market open.

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UPDATE: Tiffany announced it earnings today and said it earned $43.3 million or 35 cents a share for the period ended October 31, 2009, marker was expecting a profit of 24 cents a share. Shares jumped about 5% to $43.92 during the trading day.