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Trimble Acquires Terralite Assets From Novariant
Friday, October 8, 2010 - 3:26pm | 117Trimble (Nasdaq: TRMB) announced today it has acquired the Terralite assets from Novariant to expand its portfolio of positioning solutions. Financial terms were not disclosed. The Terralite XPS technology is a scalable infrastructure that generates signals for real-time positioning to augment...
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Retailers May Be Near A Top
Friday, October 8, 2010 - 1:30pm | 321Retail stocks have seen a mega surge in the past month on the back of hopes a domestic recovery is well underway. Fears of a double dip recession are a distant memory and back to school sales were solid. Just yesterday, retail sales were reported by many retailers with positive news across the...
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S&P Upgrades American Eagle (AEO) From Strong Sell to Hold
Friday, October 8, 2010 - 12:18pm | 163S&P Upgraded American Eagle Outfitters (NYSE: AEO) From Strong Sell to Hold, yesterday. They upgraded their fiscal-year 2011 (Jan) and 2012 EPS estimates to $0.96 and $1.08 from $0.94 and $1.07. They raised their target price to $17 from $10. Since American Eagle is trading at $16.66 today, S...
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Abercrombie & Fitch Shines Among Retailers
Friday, October 8, 2010 - 11:00am | 144Abercrombie & Fitch (NYSE: ANF) ANF reported a 13% comp, above our/consensus estimates of 4.0%/3.6%, and compares to 18% last year. Each division, A&F adult, A&F kids, Hollister, comped positively, with guys consistently outperforming girls. Sales were in line with company expectations...
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Shopping for a Bargain in Premium Apparel
Friday, October 8, 2010 - 10:58am | 1212Have you seen the new movie "The Social Network" yet? It's a look at how Harvard dropout Mark Zuckerberg built Facebook into the phenomenon that it has become in just a few short years. Facebook remains privately held, so only Zuckerberg and his closest associates...
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Shopping for a Bargain in Premium Apparel
Friday, October 8, 2010 - 10:58am | 1212Have you seen the new movie "The Social Network" yet? It's a look at how Harvard dropout Mark Zuckerberg built Facebook into the phenomenon that it has become in just a few short years. Facebook remains privately held, so only Zuckerberg and his closest associates...
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Ratings Reiterated On STP, SOLF, CSIQ, BEAV, AEO
Friday, October 8, 2010 - 10:41am | 99Oppenheimer has reiterated its ratings on the following companies: Suntech Power (NYSE: STP) Perform, price target lowered from $12 to $10 Solarfun Power (NASDAQ: SOLF) Outperform, price target raised from $17 to $18 Canadian Solar (NASDAQ: CSIQ) Perform, price target raised from $12 to $16 BE...
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Good News/Bad News About The Holiday Season
Friday, October 8, 2010 - 8:18am | 304With the start of the baseball playoffs and football season, investors are starting to look past Halloween to the December holidays. So far, they are liking what they are seeing. Retail sales rose in September for a thirteenth straight month, helped by a surprisingly strong Back to School season...
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Piper Jaffray Updates American Eagle (AEO)
Friday, October 8, 2010 - 7:01am | 119Piper Jaffray updated its earnings model on American Eagle Outfitters (NYSE: AEO), which reported strong September same-store-sales yesterday. It rates shares at Neutral, with a $16 price target. In the research note, Piper states, "We are updating our financial model to reflect AEO management's...
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AEO Ready For Holiday Season
Friday, October 8, 2010 - 6:58am | 158Oppenheimer has published a research report for American Eagle Outfitters (NYSE: AEO) and believes the company is well positioned for a strong holiday season. In the report, Oppenheimer writes "AEO reported September comps of 4%, above both our and consensus estimates of 1% and (0.1)%, respectively...
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Retail Round-Up (ANF, AEO, ZUMZ, BKE)
Thursday, October 7, 2010 - 3:57pm | 147A number of retail names are moving higher on Thursday after same-store sales numbers came in better than expected. Among the biggest movers on the session have been American Eagle (NYSE: AEO), Abercrombie & Fitch (NYSE: ANF), The Buckle (NYSE: BKE), and Zumiez (NASDAQ: ZUMZ). American Eagle (...
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Zumiez Pops On Same-Store Sales Numbers (ZUMZ)
Thursday, October 7, 2010 - 3:17pm | 99Shares of Zumiez (NASDAQ: ZUMZ) have jumped 7.72% to $24.56 during Thursday's trading session after the company announced strong same-store sales numbers. ZUMZ posted same-store sales of +17% compared to 9.1% in August. More than 708,000 shares have traded hands with around an hour left in the...
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American Eagle Raises EPS And Comparable Store Sales Guidance (AEO)
Thursday, October 7, 2010 - 11:28am | 88This morning, American Eagle (NYSE: AEO) raised its third quarter guidance and expects earnings from continuing operations to a range of $0.27 to $0.28 per diluted share from prior guidance of $0.23 to $0.26 per diluted share and comparable store sales of flat to slightly positive, reflecting...
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Consistent Outperformer Zumiez, Inc
Thursday, October 7, 2010 - 11:15am | 153Zumiez Inc. (NASDAQ: ZUMZ) unique positiong within the mall has led to the stock consistently outperforming expectations. In a research note, Oppenheimer writes, "ZUMZ reported a 17% September comp vs. our estimate of 13%, consensus of 12.3% and (0.8)% last year. In conjunction with the release,...
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Afternoon Market Update (FITB, NYX, BKE, ALK, JBLU, LUV)
Thursday, October 7, 2010 - 10:56am | 225The Financial Select Sector SPDR Fund (XLF) moved up about 0.26% after the Labor Department reported better-than-expected data on US jobless claims. Shares of Fifth Third Bancorp (NASDAQ: FITB) moved up after analysts at Oppenheimer initiated coverage of FITB with an “outperform” rating. Shares of...