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GLOBAL MARKET BRIEF SEPT 7th Mid-Day GMT: Stocks, Commodities, Forex -EU Crisis Back Again
Tuesday, September 7, 2010 - 6:07am | 2391Overview: A classic EU sovereign debt/banking crisis fear inspired risk aversion day, slamming risk assets, especially the EUR. Sparked by a WSJ report that July bank stress tests understated PIIGS bond exposure. This is old new, but comes at a sensitive time as PIIGS seek to sell $80 bln in bonds...
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Ross' August Comps Ups 5% - Analyst Blog
Monday, September 6, 2010 - 8:33am | 398Off-price retailer of apparels and home accessories, Ross Stores Inc.’s (ROST), comparable store sales (comps) for August increased 5% versus a 6% increase in the year-earlier period. The increase was attributable to attractive bargains on a variety of products for back-to-school customers. August...
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GLOBAL MARKET BRIEF SEPT 6th Mid-Day GMT: Stocks, Commodities, Forex -Rally Continues
Monday, September 6, 2010 - 4:58am | 1689Overview: Risk appetite continuing thus far Monday across the range of risk assets, only oil lower but stocks, commodities, risk fx higher. NB: US markets closed, beware BoJ, SNB intervention attempts as low liquidity would make it relatively easy for them get crowded longs running for the exits to...
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August Employment Report - In-Depth - Analyst Blog
Friday, September 3, 2010 - 6:03pm | 2502It looks like Labor might actually have something to celebrate this Labor Day. OK, the celebration will not be with champagne -- more like with Budweiser -- but they still got something to cheer about in today’s employment report. While the unemployment rate did tick up to 9.6% from the 9.5% level...
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August Employment Report (Part 2) - Analyst Blog
Friday, September 3, 2010 - 5:03pm | 33954 Different Lengths of Unemployment The census bureau tracks four different groups by length of unemployment. The short-term unemployed are those that have been out of work for less than five weeks (blue line). Almost always this is the largest group of the unemployed. The next biggest group is...
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Atheros Completes Opulan Acquisition - Analyst Blog
Friday, September 3, 2010 - 4:04pm | 348Atheros Communications Inc. (ATHR) announced that it has completed the previously announced acquisition of privately-held Opulan Technologies Corp. for approximately $72 million. Atheros might pay additional cash to shareholders in the coming twelve months only if Opulan meets certain business...
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Options active in Collective Brands (NYSE:PSS) and Dollar Tree (NASDAQ:DLTR)
Friday, September 3, 2010 - 3:19pm | 1753The OptionsHouse Hotlist scans for unusual option activity each trading day. The Hotlist is available for all OptionsHouse customers, including those with virtual trading accounts. Today, the Hotlist has flagged some interesting option trading activity in two retailing names. Collective Brands (...
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Retailers Gain in August - Analyst Blog
Friday, September 3, 2010 - 1:03pm | 854The nation's retailers have reported unexpectedly strong August sales numbers as back-to-school requirements kept shoppers from restraining their spending plans. Retailers posted strong results on the heels of solid traffic and sales, albeit backed by heavy promotion and discounting in the back-to-...
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Hot Topic on Fire (HOTT)
Friday, September 3, 2010 - 10:16am | 147Shares of Hot Topic Inc. (NASDAQ: HOTT) are higher on the session by 4.46%, currently trading at $5.62. The stock has been rallying strongly over the past week, gaining more than 12%. A break above $5.69 would signal a further breakout. Options traders are buying calls on the name today. The...
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Retailers Soaring On Non-Farm Payrolls Report (ANN, JCG, BKE, XRT)
Friday, September 3, 2010 - 10:15am | 128Retail stocks are rallying today after the government reported U.S. employment fell far less than expected in August and private hiring surprised to the upside. Nonfarm payrolls fell by 54,000 while private employment rose 67,000. Analysts had expected overall employment falling 100,000 and private...
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Stock Market News for September 3, 2010 - Market News
Friday, September 3, 2010 - 9:36am | 1021Stocks added to the gains from the previous session after better-than-expected retail and housing numbers helped boost confidence in the economy. However, caution ahead of today’s monthly payroll data restrained traders from making big moves. As traders chose to play it safe, volume dipped sharply...
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Zacks #5 Rank Additions for Friday - Tale of the Tape
Friday, September 3, 2010 - 8:36am | 351Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Alterra Capital Holdings Ltd (ALTE) Arrow Financial Corp (AROW) The Buckle, Inc (BKE) Burger King Holdings, Inc (BKC) Calavo Growers, Inc (CVGW) View the entire Zacks #5 Rank List. ALTERRA CAP HLD (ALTE): Free Stock...
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Benzinga’s Top Downgrades (BKC, PSS, CCU, MFE)
Friday, September 3, 2010 - 7:55am | 149Burger King Holdings Inc (NYSE: BKC) was downgraded by Deutsche Bank from “buy” to “sell.” BKC’s shares closed at $23.59 yesterday. BKC’s quarterly earnings fell by 17.41% y/y. Susquehanna downgraded Collective Brands Inc (NYSE: PSS) from "positive" to "neutral." PSS’ shares closed at $12.51...
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Susquehanna Downgrades PSS To Neutral
Friday, September 3, 2010 - 7:07am | 41Analysts at Susquehanna Financial downgrade Collective Brands Inc (NYSE: PSS) from "positive" to "neutral." PSS’ shares lost 9.08% to close at $12.51 yesterday. More Analyst Ratings here
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The TJX Companies: A Retail Shining Star (TJX)
Thursday, September 2, 2010 - 4:49pm | 89Retailer The TJX Companies (NYSE: TJX), first discussed here on May 12, 2009 on $28.13, has pulled-back after flirting with highs near $50 earlier this spring, but just view that as an opportunity to scoop-up shares of a retail sector winner, if you can tolerate moderate risk. Look for a 2-4%...