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Brown Shoe Company (BWS)
Tuesday, November 23, 2010 - 1:58pm | 113Brown Shoe Company, Inc. (NYSE: BWS) is up sharply this afternoon, gaining more than 18% on heavy volume. The company reported better than expected earnings this morning and investors are pleased with it. The company said it earned 42 cents a share, on revenues of $716.1 million. Excluding...
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Tuesday's Put/Call Ratio Leaders (IFF, GVA, NVS, ANN, TLAB)
Tuesday, November 23, 2010 - 1:26pm | 93Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1) International Flavors and Fragrances (NYSE: IFF) 5,263 puts, 62 calls 2) Granite Construction (NYSE: GVA) 2,847 puts, 36 calls 3) Novartis AG (NYSE: NVS) 6,391 puts, 214 calls 4) Ann...
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Afternoon Market Update
Tuesday, November 23, 2010 - 1:05pm | 172Shares of J Crew Group Inc (NYSE: JCG) surged about 16% after the company agreed to be purchased by TPG Capital and Leonard Green & Partners for about $3 billion or $43.50 per share, representing a 16% premium over JCG's closing price on Monday. JCG reported its Q3 profit at $0.58 per share on...
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Retail ETF Positive Despite Broad Market Plunge (XRT)
Tuesday, November 23, 2010 - 12:47pm | 115Despite deep losses in the broader equity markets, the retail sector ETF is still in positive territory. The SPDR S&P Retail ETF (NYSE: XRT) is trading 0.06% higher at $46.45. Much of the bullish activity in the sector is related to the buyout of J. Crew (NYSE: JCG). The retailer agreed to be...
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Rigrodsky & Long, P.A. Investigates J.Crew Group, Inc. Buyout
Tuesday, November 23, 2010 - 12:22pm | 85Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of J.Crew Group, Inc. (NYSE: JCG) concerning possible breaches of fiduciary duty and other violations of law related to the Company's entry into an agreement to be acquired and taken...
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Edison Unit Signs Power Contracts - Analyst Blog
Tuesday, November 23, 2010 - 12:02pm | 580Electric utility Edison International (EIX) announced that its unit Southern California Edison (SCE) has signed 21 contracts to purchase nearly 259 megawatts (MW) of renewable power, which can light up 168,000 average homes. Out of these contracts, 20 are for electricity produced by solar...
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Top Narrow Based Indexes For November 23 (CCME, PMTI, BWS)
Tuesday, November 23, 2010 - 11:56am | 204By 10:50 am, the Dow Jones Industrial Average was down 136.91 points, or 1.22%, to 11,041.67, while the broader Standard & Poor's 500 index had lost 14.83 points, or 1.24%. The NASDAQ composite index fell 30.06 points, or 1.19%. Some of the narrow based indexes that are still afloat in the...
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Other Retail Stocks To Consider (M, JCP)
Tuesday, November 23, 2010 - 11:44am | 223J. Crew Group, Inc. (NYSE: JCG) just announced it was being acquired by TPG Capital and Leonard Green for $43.50 in cash, a 15% premium to where shares closed yesterday. Some other retail companies that might be strong positions to go long are Macy's (NYSE: M) and J.C. Penney (NYSE: JCP). Macy's...
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Oppenheimer Increases Price Target on Pacific Sunwear (PSUN)
Tuesday, November 23, 2010 - 11:35am | 20Oppenheimer increases its price target on Pacific Sunwear (NASDAQ: PSUN) from $4.75 to $7.50.
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TPG Capital and Leonard Green & Partners to Acquire J.Crew Group, Inc. for $43.50 Per Share
Tuesday, November 23, 2010 - 11:31am | 100J.Crew Group, Inc. (NYSE: JCG) today announced that it has entered into a definitive agreement to be acquired by funds affiliated with TPG Capital and Leonard Green & Partners, L.P. Millard Drexler will continue as Chairman and CEO and maintain a significant equity investment in J.Crew. Under...
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Top Performing Industries For November 23 (NFLX, SIG, GCO)
Tuesday, November 23, 2010 - 11:21am | 179At 10:16 am, the Dow lost 1.20% to 11,044.39, the broader Standard & Poor's 500 index moved down 1.29% to 1,182.39 and the NASDAQ composite index fell 1.29% to 2,499.31. The industries that are still afloat in the market today are: Music & Video Stores: This industry jumped 1.08% by 10:16...
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Company News for November 23, 2010 - Corporate Summary
Tuesday, November 23, 2010 - 11:18am | 702• Hewlett-Packard (NYSE: HPQ) reported earnings of $1.33 per share, up from estimates of $1.27 per share, on an 8.1% revenue gain to $33.2 billion above estimates of $32.8 billion. The firm's new-year estimate was set at a 13-15% rise to $5.16-$5.26 • Campbell Soup (NYSE: CPB) reported its fiscal...
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Morning Market Movers (GFC, ASTC, CACBD, BWS)
Tuesday, November 23, 2010 - 11:02am | 95GEROVA Financial Group Ltd (NYSE: GFC) jumped 395.03% to $30.89 at 10:00 am. GFC announced a one-for-five share consolidation. Astrotech Corporation (NASDAQ: ASTC) climbed 58.42% to $1.60. ASTC's subsidiary, Astrotech Space Operations has won a $35 million contract for NASA mission. Cascade Bancorp...
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Bookkeeping: Selling 1/3rd of DSW (DSW) on Nice Results; Slight Increase in Yearly EPS Estimates
Tuesday, November 23, 2010 - 11:00am | 940Since the purchase of shoe retailer DSW (DSW) in early November, the stock has rallied some 15%+ - not too bad for 3 weeks considering this is not a stock in the "fast money" group. The stock was a bit extended when I bought it, hence I made only a moderate position size - preferring to buy on a...
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Don't Bet Against Women's Shoes (DSW)
Tuesday, November 23, 2010 - 10:53am | 35DSW Inc. (NYSE: DSW) is up sharply this morning, gaining $1.46 to $41.31 per share this morning. DSW Inc. operates as a footwear specialty retailer in the United States.