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Market Update
Tuesday, December 21, 2010 - 12:02pm | 184US energy stocks gained, along with the wider equities market. The NYSE Arca Oil Index (XOI) gained about 0.76%, while the NYSE Arca Natural Gas Index (XNG) rose about 0.22%. The Philadelphia Oil Service Index (OSX) surged about 0.32%. The Dow Jones Industrial Average gained 0.38%. Shares of...
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Genesco Enters Oversold Territory - Tale of the Tape
Tuesday, December 21, 2010 - 11:03am | 108Genesco Inc's (GCO) share price has entered into oversold territory with a stochastic value of 18.92. The Zacks Consensus Estimate on the company's earnings for January 2011 increased by 21 cents over the past month to $2.44 per share. Genesco Inc is a Zacks #1 Rank (“Strong Buy”) company. GENESCO...
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Genesco Enters Oversold Territory - Tale of the Tape
Tuesday, December 21, 2010 - 10:54am | 108Genesco Inc's (GCO) share price has entered into oversold territory with a stochastic value of 18.92. The Zacks Consensus Estimate on the company's earnings for January 2011 increased by 21 cents over the past month to $2.44 per share. Genesco Inc is a Zacks #1 Rank (“Strong Buy”) company. GENESCO...
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American Eagle to Open Retail Stores in Japan
Tuesday, December 21, 2010 - 10:32am | 54American Eagle Outfitters, Inc. (NYSE: AEO) today announced its plans for American Eagle Outfitters and Aerie by American Eagle stores in Japan, in partnership with Sumikin Bussan Corporation. The first store is slated to open in Tokyo's legendary Harajuku shopping district in the first half of...
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Sterne Agee Reiterates Neutral Rating on Christopher & Banks Corporations (CBK)
Tuesday, December 21, 2010 - 9:33am | 63Sterne Agee reiterates Neutral Rating but is adjusting Price Target with a Low Valuation Noted on Christopher & Banks Corporations (NYSE: CBK). CBK current valuation appears to limit any downside with cash as a percentage of market value at 48% and its FCF yield well above their peer group....
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Urban Outfitters Downgraded to Hold at Brean Murray
Tuesday, December 21, 2010 - 9:13am | 21Urban Outfitters (NASDAQ: URBN) is downgraded from Buy to Hold at Brean Murray.
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Jefferies Raises ANF Target From $75 To $85
Tuesday, December 21, 2010 - 7:55am | 20Jefferies is raising its PT on Abercrombie & Fitch (NYSE: ANF) from $75 to $85.
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Earnings Scheduled For December 21 (CTAS, CAG, KMX, FSII, CPY, NKE, FINL, HOV)
Tuesday, December 21, 2010 - 4:29am | 221Cintas Corporation (NASDAQ: CTAS) is expected to report its Q2 earnings at $0.38 per share on revenue of $916.13 million. ConAgra Foods Inc (NYSE: CAG) is estimated to report its Q2 EPS at $0.45 on revenue of $3.13 billion. CarMax Inc (NYSE: KMX) is projected to report its Q3 EPS at $0.34 on...
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Fast Money Pops & Drops (HBAN, V, LVS, CHK, AEO, AKAM)
Monday, December 20, 2010 - 7:41pm | 332On CNBC's Fast Money Pops & Drops, traders shared their thoughts with the audience on the stocks that had a significant price movement today. Akamai Technologies, Inc. (NASDAQ: AKAM) dropped 3.34%, and closed at $49.17 on Monday, on the news that it lost an appeal in its suit against LimeLight...
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Call Players Place Their Bets on The Gap
Monday, December 20, 2010 - 4:09pm | 152Call options were in heavy rotation Monday on The Gap (NYSE: GPS). Within the first hour of trading, 3,350 of these bullishly oriented options crossed the tape -- about four times the expected number of call contracts. The bulk of this activity took place at The Gap's January 2011 22.50 call, where...
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Pinnacle West Adds More Solar - Analyst Blog
Monday, December 20, 2010 - 3:00pm | 505Electric service provider Pinnacle West Capital Corp. (PNW) announced that its unit Arizona Public Service Co. has entered into an agreement with SunEdison, a subsidiary of MEMC Electronic Materials Inc. (WFR), for development of a green power plant in Prescott, Arizona. SunEdison will own and...
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Pinnacle West Adds More Solar - Analyst Blog
Monday, December 20, 2010 - 2:12pm | 505Electric service provider Pinnacle West Capital Corp. (PNW) announced that its unit Arizona Public Service Co. has entered into an agreement with SunEdison, a subsidiary of MEMC Electronic Materials Inc. (WFR), for development of a green power plant in Prescott, Arizona. SunEdison will own and...
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Market Roundup (CHK, ADBE, LCC, AEO, ARO, ANF)
Monday, December 20, 2010 - 1:26pm | 241US energy stocks gained, with Chesapeake Energy Corp (NYSE: CHK) as the top gainer in the list. The NYSE Arca Oil Index (XOI) rose about 0.29%, while the NYSE Arca Natural Gas Index (XNG) moved up about 0.30%. The Philadelphia Oil Service Index (OSX) gained about 0.29%. Shares of Adobe Systems...
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Options Brief: The TJX Companies, Inc. (TJX)
Monday, December 20, 2010 - 1:25pm | 92Shares of The TJX Companies, Inc. (NYSE: TJX) are higher on the session by 0.51%, trading at $43.66. Overall put volume is now running at 4.40x the daily average, with 23% of all puts traded being purchases on the offer. 2,408 contracts have traded on the session so far. The TJX Companies, Inc. (...
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Options Brief: The Finish Line (FINL)
Monday, December 20, 2010 - 11:22am | 79Shares of The Finish Line (NASDAQ: FINL) are lower on the session by 1.98%, trading at $18.30. Overall call volume is now running at 8.60x the daily average, with 28% of all calls traded being purchases on the offer. 4,249 contracts have traded on the session so far. The Finish Line, Inc. is a...