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Price Target Raised On (SFE, ZUMZ, OGE, LLNW)
Thursday, October 7, 2010 - 10:54am | 115The price target has been raised on: Stifel Nicolaus has raised the PT on Safegaurd Scientifics (NYSE: SFE) to $18 from $17; Buy Oppenheimer and Caris & Company have raised the PT on Zumiez (NASDAQ: ZUMZ) to $27; Outperform, Buy Wunderlich has raised the PT on OGE Eneregy (NYSE: OGE) to $44...
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Top Performing Industries For October 7 (BKE, MBND, HAST, EBF)
Thursday, October 7, 2010 - 10:38am | 201At 10:23 am, the Dow gained 0.03% to 10,971.13, the broader Standard & Poor's 500 index moved up 0.05% to 1,160.59 and the NASDAQ composite index rose 0.32% to 2,388.16. The industries that are supporting the market today are: Apparel Stores: This industry jumped 2.08% by 10:23 am. The top...
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Late Back-to-School Shopping Lifts Retail Sales
Thursday, October 7, 2010 - 10:23am | 189Teen apparel retailers led generally stronger-than-expected same-store sales in September, with a late start to the back-to-school season helping those chains beat Wall Street forecasts. Department stores and luxury chains also posted forecast-beating results, though retail experts warn the gains...
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Abercrombie Up Huge (ANF)
Thursday, October 7, 2010 - 10:09am | 88Shares of Abercrombie & Fitch Co. (NYSE: ANF) are jumping higher today, up nearly 9% on much better than expected September same-store-sales. Abercrombie blew away estimates, reporting stores open at least a year reported 13% growth, versus the 3.6% expected. Abercrombie & Fitch Co. is a...
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News Summary
Thursday, October 7, 2010 - 10:00am | 217Shares of American Eagle Outfitters (NYSE: AEO) gained about 5.3% after the company reported a 4% rise in its September sales at stores open at least one year. However, analysts were expecting a decline of 0.8% in same-store sales. American Eagle has also lifted its Q3 earnings from continuing...
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Zumiez Up Strong After Strong September Sales (ZUMZ)
Thursday, October 7, 2010 - 9:52am | 84Shares of Zumiez Inc. (NASDAQ: ZUMZ) are up strong today, gaining nearly 8%, after it reported strong September same-store-sales. Zumiez reported sales great at stores open over a year grew 17%, far higher than the 12% analysts had been expecting. ZUMZ raised its third quarter guidance as a result...
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Benzinga's Top Upgrades (CRM, ANN, TXRH, VE)
Thursday, October 7, 2010 - 9:42am | 151salesforce.com inc (NYSE: CRM) was upgraded by Piper Jaffray from "neutral" to "overweight." CRM's shares closed at $104.95 yesterday. Shares of salesforce.com have gained 42.27% so far this year. Cowen & Co upgraded AnnTaylor Stores Corp (NYSE: ANN) from "underperform" to "neutral." ANN's...
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September Same Store Sales Mostly Positive
Thursday, October 7, 2010 - 9:38am | 111September same-store-sales were mostly positive, with nearly all of the major retailers reporting better than expected numbers. A few companies, like Target (NYSE: TGT), and Ross Stores (NASDAQ: ROST) missed expectations, but that was overcome by the better than expected numbers from stores like...
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Ross Stores Reports 2% Rise In September Same-Store Sales
Thursday, October 7, 2010 - 8:50am | 81Ross Stores (NASDAQ: ROST) reported an increase of 2% in its September same-store sales. However, analysts expected a rise of 2.1% in same-store sales. The company's total sales for the same month rose by 6% y/y to $666 million. ROST projects Q3 net income at $0.94 to $0.96 per share, above...
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The TJX Companies, Inc. Updates Third Quarter Guidance
Thursday, October 7, 2010 - 8:44am | 27The TJX Companies, Inc. (NYSE: TJX) expects third quarter earnings per share to be in the range of $.89 - $.91.
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The TJX Companies, Inc. Reports September 2010 Sales up 1%
Thursday, October 7, 2010 - 8:43am | 87The TJX Companies, Inc. (NYSE: TJX) today reported September 2010 sales results. Sales for the five-week period ended October 2, 2010, were $2.1 billion, up 6% over the $2.0 billion achieved during the five-week period ended October 3, 2009. For the 35 weeks ended October 2, 2010, sales reached $13...
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Ross Stores Reports September Sales up 6%
Thursday, October 7, 2010 - 8:32am | 87Ross Stores, Inc. (Nasdaq: ROST) today reported that sales for the five weeks ended October 2, 2010 increased 6% to $666 million from $629 million for the five weeks ended October 3, 2009. Same store sales for the month rose 2% on top of an 8% gain in the prior year. For the eight months ended...
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Abercrombie & Fitch Reports September Comparable Store Sales up 13%
Thursday, October 7, 2010 - 8:25am | 119Abercrombie & Fitch (NYSE: ANF) today reported net sales of $305.3 million for the five-week period ended October 2, 2010, a 25% increase from net sales of $244.0 million for the five-week period ended October 3, 2009. September comparable store sales increased 13%. For the fiscal month, total...
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Cowen & Co Upgrades ANN To Neutral
Thursday, October 7, 2010 - 8:15am | 41Analysts at Cowen & Co upgrade AnnTaylor Stores Corp (NYSE: ANN) from "underperform" to "neutral." ANN's shares lost 1.48% to close at $20.58 yesterday. More Analyst Ratings here
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Aeropostale Reports September Same Store Sales Increase 3%
Thursday, October 7, 2010 - 8:09am | 93Aeropostale, Inc. (NYSE: ARO) today announced that total net sales for the five-week period ended October 2, 2010 increased 9% to $204.2 million compared to $187.3 million for the five-week period ended October 3, 2009. The Company's same store sales increased 3% for the month, compared to a same...