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J. Crew Soaring (JCG)
Tuesday, July 20, 2010 - 3:31pm | 87Shares of J. Crew (NYSE: JCG) are soaring today after an analyst upgraded the retailer to "Outperform" from "Neutral." Cowen & Co. analyst Laura Champine said shares are attractively priced after a 26% haircut since the company reported earnings on May 27. She added the company's low store...
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J. Crew Soaring (JCG)
Tuesday, July 20, 2010 - 3:30pm | 87Shares of J. Crew (NYSE: JCG) are soaring today after an analyst upgraded the retailer to "Outperform" from "Neutral." Cowen & Co. analyst Laura Champine said shares are attractively priced after a 26% haircut since the company reported earnings on May 27. She added the company's low store...
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Late Market Update (TJX, LEE, WHR)
Tuesday, July 20, 2010 - 2:39pm | 212TJX Companies Inc (NYSE: TJX) has decided to open six Marshalls stores in Canada in 2011. The company is likely to open more stores going ahead. The locations for the stores will be announced at a later date by the company. TJX’s Chief Executive Carol Meyrowitz said, "This is another example of our...
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Calls Purchased on Children’s Place (PLCE)
Monday, July 19, 2010 - 11:46am | 132Shares of The Children’s Place Retail Stores (NASDAQ: PLCE) are lower on the session by 1.36%, currently trading at $43.56. The stock has been moving largely sideways for the past four months, hovering around the 50-day moving average. Options traders are buying calls on the name today. The August...
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Calls Purchased on Gymboree Corp. (GYMB)
Monday, July 19, 2010 - 11:06am | 125Shares of Gymboree Corp. (NASDAQ: GYMB) are lower on the session by 2.07%, currently trading at $41.66. The stock has been moving largely sideways for the past three months after a sell off in early May. Options traders are buying calls on the name today. The August $42.00 call was purchased, on...
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S&P Right At Support (SPX, BAC, C, JCG, ANF)
Friday, July 16, 2010 - 12:49pm | 151The S&P 500 (SPX) is currently holding support just above the early week low of 1,070. The S&P is down 24.50 points, or 2.23%, to 1,071 today. Today's selloff has been broad-based with financials and consumer discretionary names leading the way down. Financials are taking a hit after Bank...
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Challenge In Sourcing And Competition Intensifying For ARO
Thursday, July 15, 2010 - 2:53pm | 250Analysts at Piper Jaffray reiterate their "neutral" rating on Aeropostale Inc (NYSE: ARO), while raising their estimates for the company. The target price for ARO has been raised from $33 to $34. According to Piper Jaffray, “Fashion influences for BTS include the nostalgic and preppy "American...
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JoS. A. Bank Clothiers Opens First Factory Concept Store
Thursday, July 15, 2010 - 7:42am | 88JoS. A. Bank Clothiers, Inc. (Nasdaq: JOSB) announced today that it has opened its first factory concept store. The Company’s new store in Riverhead, New York is the first of five stores the Company plans to open in fiscal year 2010 as part of the test phase of its new factory store concept. In...
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Upside Purchased on Limited Brands (LTD)
Tuesday, July 13, 2010 - 1:03pm | 138Shares of Limited Brands Inc. (NYSE: LTD) are higher on the session by 1.96%, currently trading at $24.40. The stock has been trading largely lower over the past three months, but has held the 200-day moving average, which is a bullish sign. Options traders are buying calls on the name today. The...
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Goldman Sachs Slashes Estimates on Apparel Retailers (BKE, CHS, GPS, LULU)
Tuesday, July 13, 2010 - 9:52am | 307Goldman Sachs is out with a research report this morning, where it trims estimates on apparel retailers. The analysts said that there are few reasons to buy the sector assuming a slow recovery. The GS analysts noted, “We cut our 2010/2011/2012 estimates by an average of 7%, our 6-month, multiple-...
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ReneSola Limited - Value - Zacks Rank Buy
Tuesday, July 13, 2010 - 9:26am | 788Are the solar companies finally making a comeback? ReneSola Limited (SOL) recently announced preliminary revenue results for the second quarter that was better than its previous estimate and said strong wafer demand continued in the second quarter. It's been a long wait for the solar companies...
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Shift In Fashion Cycle A Cause For The Deterioration In BKE June Comps
Friday, July 9, 2010 - 10:19am | 273Analysts at Goldman Sachs reiterate their "neutral" rating on The Buckle Inc (NYSE: BKE), while reducing their estimates for the company. The target price for BKE is set to $25. Goldman Sachs mentions, “Buckle’s June comps were -7.3%, below consensus of flat and a deceleration vs. a soft May. We...
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JA Solar Strikes Supply Deal - Analyst Blog
Friday, July 9, 2010 - 10:03am | 405Shanghai, China-based JA Solar Holdings Co. Ltd. (JASO) has signed a deal to supply solar equipment to Solar-Fabrik AG, a leading solar energy company in Europe. The deal entails the supply of photovoltaic products capable of producing 70 megawatts of solar power. JA Solar has already begun...
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Stock Market News for July 9, 2010 - Market News
Friday, July 9, 2010 - 9:39am | 436Some solid retail sales numbers and reassuring signs from the job market sent U.S. stocks higher for a third day on Thursday even as the International Monetary Fund noted the global economy would grow faster than expected this year. After breaking through the 10,000 threshold Wednesday, the Dow...
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A Peek Into The Market Before The Opening Bell
Friday, July 9, 2010 - 9:17am | 409Pre-open movers US stock-index futures seesawed between gains and losses today, indicating a troubled day for broader market after a three-day rally. While futures on Dow Jones Industrial Average lost 7 points, those on S&P 500 added a half point to 1,067.50. Meanwhile, Nasdaq 100 futures...