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Retail Picks For The Holiday Season
Wednesday, November 24, 2010 - 12:30pm | 68An analyst on CNBC is talking about retail picks for the holiday season and he says that he likes mostly teen age targeted retailers. Kniffen said that American Eagle (NYSE: AEO), Zumiez (NASDAQ: ZUMZ) and Pacific Sunwear (NASDAQ: PSUN) should all benefit this season.
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Guess? Beats, Raises Dividend - Analyst Blog
Wednesday, November 24, 2010 - 12:26pm | 691Guess? Inc. (GES) delivered record earnings per share (EPS) of 75 cents in its third quarter ended October 30, 2010, beating the Zacks Consensus Estimate of 59 cents. Earnings were also 8.7% above 69 cents reported in the year-ago quarter and was also well ahead of the company's guided range of...
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AEP Unit Signs Green Power Contract - Analyst Blog
Wednesday, November 24, 2010 - 12:05pm | 434American Electric Power Company Inc. (AEP) announced that its unit AEP Ohio has entered into a long-term contract to purchase wind power from Paulding Wind Farm II LLC, a subsidiary of Horizon Wind Energy, a Houston-based company. As per the 20-year contract, AEP Ohio will purchase all the...
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Options Brief: Guess? Inc. (GES)
Wednesday, November 24, 2010 - 11:26am | 70Shares of Guess? Inc. (NYSE: GES) are higher on the session by 7.85%, trading at $48.90. Overall call volume is now running at 3.21x the daily average, with 52% of all calls traded being purchases on the offer. 2,770 contracts have traded on the session so far. Guess?, Inc. designs, markets,...
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Stage Stores Board Declares Dividend of 7.5 Cents
Wednesday, November 24, 2010 - 11:16am | 49Stage Stores, Inc. (NYSE: SSI) today announced that its Board of Directors has declared a quarterly cash dividend of 7.5 cents per share on the Company's common stock, payable on December 22, 2010 to shareholders of record at the close of business on December 7, 2010.
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Jobs Report Encourages Early Buying
Wednesday, November 24, 2010 - 10:53am | 362Stocks jumped at Wednesday's opening bell as the bulls celebrated the lowest level for initial jobless claims since July 2008 by quickly recovering a chunk of Tuesday's tumble. Today's Markets As of 9:33 a.m. ET, the Dow Jones Industrial Average rose 94.60 points, or 0.85%, to 11030.18, the...
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Options Update: OSI Systems Volatility Flat on Airport Body Scanner Controversy
Wednesday, November 24, 2010 - 10:49am | 141OSI Systems (Nasdaq: OSIS), one of the two companies licensed to sell full-body scanners to the Transportation Security Administration, is recently down 63 cents to $35.25. Overall option implied volatility of 34 is near its 26-week average of 35, according to Track Data, suggesting non-directional...
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Guess? Price Target Raised to $49 at Wedbush
Wednesday, November 24, 2010 - 10:13am | 19Guess? (NYSE: GES) price target is raised from $46 to $49 at Wedbush.
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Benzinga's Top Downgrades (JCG, ROVI, SWS, BHP)
Wednesday, November 24, 2010 - 9:59am | 146J Crew Group Inc (NYSE: JCG) was downgraded by Robert W Baird from "outperform" to "neutral." JCG's stock closed at $43.99 yesterday. J Crew's 52-week trading range is $30.06-$50.96. Rovi Corporation (NASDAQ: ROVI) was downgraded by JP Morgan from "overweight" to "neutral." ROVI's shares closed at...
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Guess? Reports Beat On 3Q Earnings
Wednesday, November 24, 2010 - 9:56am | 158Piper Jaffray has published a research report on Guess?, Inc. (NYSE: GES) after the company reported 3Q results ahead of Piper and Consensus estimates. In the report, Piper Jaffray writes "Guess reported Q3 results ahead of our above consensus ests and declared a special dividend of $2.00/shr. Q3...
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Genesco Kicks Off A Strong Holiday Season
Wednesday, November 24, 2010 - 9:54am | 143Piper Jaffray has published a research report on Genesco Inc. (NYSE: GCO) as the company kicks off a strong holiday season, already allowing Piper to raise estimates. In the report, Piper Jaffray writes "We are reiterating our Overweight rating on GCO shares following the company's strong FQ3...
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Earnings Scorecard: Gap Inc. - Analyst Blog
Wednesday, November 24, 2010 - 9:50am | 922On November 18, 2010, Gap Inc. (GPS) reported third-quarter fiscal 2010 earnings per share of 48 cents, and met the Zacks Consensus Estimate. The company continues to expect earnings of $1.77 to $1.82 per share for fiscal 2010, compared with $1.58 per share earned in the prior year. ...
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Oppenheimer Removes Overweight Rating for J. Crew
Wednesday, November 24, 2010 - 9:43am | 54Oppenheimer has updated its outlook on J.Crew (NYSE: JCG) following news that the retailer has agreed to be acquired by TPG Capital and Leonard Green & Partners, L.P., for $43.50 per share. Oppenheimer analysts have removed both their Outperform rating and $50 price target for the stock.
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Guess? Price Target Raised to $60 at Brean Murray
Wednesday, November 24, 2010 - 9:40am | 20Guess? (NYSE: GES) price target is raised from $50 to $60 at Brean Murray.
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Piper Jaffray Raises Price Target on Guess
Wednesday, November 24, 2010 - 9:32am | 35Analysts at Piper Jaffray today raised estimates on Guess (NYSE: GES), and reiterated an Overweight Rating. Piper Jaffray's price target on Guess has been raised to $53.00 from $51.00.