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Retailers Slump As July Sales Disappoints
Thursday, August 5, 2010 - 2:04pm | 230Disappointing July same-store sales by retailers dragged down the retail sector today. Although results of some retailers were impressive, most of the retailing firms failed to meet the expectations. Wet Seal Inc (NASDAQ: WTSLA) was on the downtrend and lost nearly 2% after it said that its second...
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Calls Purchased on Urban Outfitters Inc. (URBN)
Thursday, August 5, 2010 - 12:41pm | 126Shares of Urban Outfitters Inc. (NASDAQ: URBN) are higher on the session by 0.62%, currently trading at $32.41. The stock has been trading largely lower over the past four months, off from recent highs near $40.75. Options traders are betting that the stock can rally from here and are buying calls...
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July SSS Targets Missed By Most Retailers; Few Shine
Thursday, August 5, 2010 - 11:00am | 339Traditionally, the back-to-school shopping season starts with July, making it the second busiest shopping time of the year. However, the sales results from retailers for the month this year has came across as poor as consumers spending remained on leash due to uncertain employment outlook....
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Perhaps Walmart Should Go Private
Thursday, August 5, 2010 - 9:32am | 205The chance that Barnes & Noble (NYSE: BKS) has decided to consider taking itself private has spawned a cottage industry of picking the next retailers that will make a similar decision. Barnes & Noble shares rose more than 10% on the news of its plans. That means, experts would say, the...
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Wells Fargo Securities Initiates Market Perform on Citi Trends (CTRN)
Thursday, August 5, 2010 - 9:19am | 268Wells Fargo Securities is out with a research report this morning, where it initiates a Market Perform rating on Citi Trends (NASDAQ: CTRN); it has a valuation range of $31 to $33. The WFS analysts said that, despite flat same store sales growth over the past few years, comps have improved over...
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bebe stores, inc. Announces New President
Wednesday, August 4, 2010 - 4:52pm | 100bebe stores, inc. (NASDAQ: BEBE) today announced that effective August 9, 2010 Emilia Fabricant is the new President of bebe stores, inc. Emilia will oversee the bebe division, including its merchandising, design, planning and allocation, on-line sales, production, marketing and retail planning and...
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Hot Topic, Inc. Store Sales Down 9.0%
Wednesday, August 4, 2010 - 4:09pm | 65Hot Topic, Inc. (Nasdaq: HOTT) today announced the sales results for its fiscal month of July and fiscal second quarter (four weeks and thirteen weeks, respectively) ended July 31, 2010. Hot Topic, Inc. also announced that as a result of lower than expected sales, the company currently estimates...
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Puts Sold on Urban Outfitters (URBN)
Tuesday, August 3, 2010 - 12:31pm | 141Shares of Urban Outfitters Inc. (NASDAQ: URBN) are lower on the session by 2.19%, currently trading at $31.68. The stock has been moving largely lower over the past three months, off from recent highs near $40.75. Options traders are betting that the slide may be over and are selling out of their...
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Bebe a Small Cap Value Retailer (NASDAQ:BEBE)
Tuesday, August 3, 2010 - 12:21pm | 191bebe stores, inc.(NASDAQ: BEBE) engages in the design, development, and production of womens apparel and accessories. The story is especially popular among teenage girls, and has a powerful brand name among that demographic group. The valuation of the stock is a screaming buy. While the company is...
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One Stock Left Behind Today (BKE)
Monday, August 2, 2010 - 2:32pm | 191Shares of The Buckle Inc. (NYSE: BKE) are bucking (absolutely no pun intended) the buoyant mood on Wall Street today by trading down 37 cents, or 1.34%, to $27.18. The stock has had a rough time lately-down 14.8% over the last month and 27.5% over the last three months. The Buckle disappointed...
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Steve Madden (SHOO) Young Women's Shoes Apparently Nearly Recession Proof
Friday, July 30, 2010 - 2:43pm | 921My favorite stocks are companies who have a solid growth component combined with a positive technical condition. Steve Madden (SHOO) is a name that has impressed me quite a bit during the past year and a half, as it would often - like J Crew (JCG) - stand out amongst the consumer discretionary...
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Calls Sold on Foot Locker (FL)
Thursday, July 29, 2010 - 12:45pm | 120Shares of Foot Locker Inc. (NYSE: FL) are lower on the session by 4.67%, currently trading at $13.48. The stock has been moving largely lower over the past four months and is in a technical downtrend. Options traders are selling calls on the name today. The August $15.00 call was sold 5,000 times...
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Calls Purchased on Chicos FAS (CHS)
Thursday, July 29, 2010 - 12:08pm | 126Shares of Chicos FAS Inc. (NYSE: CHS) are lower on the session by 3.54%, currently trading at $8.99. The stock has been moving largely lower over the past four months, off from recent highs near $16.50. Options traders are buying calls on the name for a second day in a row. The November $10.00...
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Buckingham Defending Abercrombie On Price Cuts (ANF, AEO)
Thursday, July 29, 2010 - 11:10am | 96Buckingham Research is out defending Abercrombie & Fitch (NYSE: ANF) after the clothing company announced a 40% off denim sale this morning. Buckingham Research says this is a pre-planned promotion. It is trying to improve productivity and this isn't the first time Abercrombie has done this....
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Tech Looking Potentially Overbought 07-28-2010
Wednesday, July 28, 2010 - 7:04pm | 846Cusick’s Corner The day came off its worst levels, with some short covering into the close. While today’s action was not that enlightening, the economic data, specifically durable goods, did reveal that the investing and trading public at large is still on the sidelines concerning the potential for...