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Abercrombie & Fitch (ANF) surges on same-store sales news
Friday, July 9, 2010 - 8:14am | 1770Abercrombie & Fitch (NYSE:ANF) surprised the Street by a hefty margin when it reported same-store sales Thursday morning. The trendy apparel retailer said sales at stores open one year or longer grew by 9% in June. Analysts were expecting an increase of 2.8%. This was the retailer’s best same...
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Following Yesterday’s Hype of Fastest Growth in 4 Years, June Retail Sales a “Mixed Bag”
Thursday, July 8, 2010 - 7:23pm | 601Following Yesterday’s Hype of Fastest Growth in 4 Years, June Retail Sales a "Mixed Bag" Courtesy of Mish The Wall Street Journal reports Retailers Turn in a Mixed Bag for June Sales. U.S. retailers reported mixed results for June, with some stores benefiting from aggressive promotions and...
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Negative 50/200 Cross Needs to Reverse 07-08-2010
Thursday, July 8, 2010 - 6:23pm | 730Cusick’s Corner Trading was in a tight range today and major markets closed up. With all the positive commentary and action in the market (especially how it held up after the Consumer Credit data), don’t put on rose colored glasses and simply be complacent with this new trend. We have a lot of...
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Nasdaq Volume Decliners (NFLX, ORLY, URBN, ROST, CREE)
Thursday, July 8, 2010 - 2:53pm | 205Some notable Nasdaq listed stocks are losing ground on heavier than normal volume today. The list includes Netflix (NASDAQ: NFLX), O'Reilly Automotive (NASDAQ: ORLY), Urban Outfitters (NASDAQ: URBN), Ross Stores (NASDAQ: ROST), and Cree Inc. (NASDAQ: CREE). Netflix (NFLX) has shed 2.44% and the...
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Upside Purchased on Men’s Warehouse (MW)
Thursday, July 8, 2010 - 2:20pm | 130Shares of Men’s Warehouse Inc. (NYSE: MW) are lower on the session by 3.64%, currently trading at $18.78. The stock has been trading largely lower over the past three months, off from recent highs near $27.50. Options traders are buying calls on the name today. The August $20.00 call was purchased...
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Does This Bull Have Legs? 07-08-2010
Thursday, July 8, 2010 - 2:17pm | 804Cusick’s Corner The magnitude of yesterday’s move was impressive, but we need to see more follow through over the coming days and weeks to really see if this bull has legs. Into the Midday the markets have been waffling around breakeven and we could be seeing a stock pickers market. Last week I...
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Protection Purchased on Urban Outfitters (URBN)
Thursday, July 8, 2010 - 12:50pm | 138Shares of Urban Outfitters Inc. (NASDAQ: URBN) are lower on the session by 1.66%, currently trading at $33.86. The stock has been trading largely sideways for the past four months, but is now testing the 200-day moving average. Options traders were buying some puts this morning, bracing for a sell...
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Calls Purchased on American Eagle Outfitters (AEO)
Thursday, July 8, 2010 - 12:12pm | 151Shares of American Eagle Outfitters (NYSE: AEO) are lower on the session by 5.06%, currently trading at $11.64. The stock has been trading largely lower over the past five months and is trading below both the 50-day and 200-day moving averages. Options traders are buying calls on the name today,...
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TJX Pushes Up Earnings Forecast On A Rise In June Same-Store Sales
Thursday, July 8, 2010 - 10:15am | 134Shares of TJX Companies Inc (NYSE: TJX) moved down as the company raised its earnings forecast and its June sales for stores open at least one year fell short of expectations. The same-store sales rose 3% in the month of June, well short of the Street view of 4.2%. TJX’s total sales for the five...
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Benzinga's After Hours Gainers (COH, ETFC, HOTT)
Wednesday, July 7, 2010 - 5:59pm | 147Among the stocks that are climbing in the after hours trading session on Wednesday are Coach, Inc. (NYSE: COH), E-Trade Financial (NASDAQ: ETFC), and Hot Topic (NASDAQ: HOTT). None of these names are attracting much volume in the post-market. Coach (COH) has gained 1.41% to $36.59. During regular...
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Protection Purchased on Aeropostale (ARO)
Wednesday, July 7, 2010 - 2:22pm | 140Shares of Aeropostale (NYSE: ARO) are higher on the session by 1.59%, currently trading at $30.08. The stock has been trading largely sideways for the past five months and is currently trading above both the 50-day and 200-day moving averages. Options traders are buying protection on the name the...
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Stocks Hitting 52-Week Lows (AFFX, TSLA, SIFY, HOTT)
Wednesday, July 7, 2010 - 1:59pm | 171Affymetrix Inc (NASDAQ: AFFX) shares lost 22.70% to create a new 52-week low of $4.29. AFFX has lowered its earnings and revenue outlook for the second quarter. Tesla Motors Inc (NASDAQ: TSLA) shares fell 4.10% to create a new 52-week low of $15.45. TSLA also dipped 16% yesterday and reached below...
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Mid-Day Market Movers (NLST, CVBK, BMJ, ARTW)
Wednesday, July 7, 2010 - 11:16am | 175Netlist Inc (NASDAQ: NLST) shares surged 19.57% to $2.75 by 10:42 am. NLST has received the OEM qualification from Dell Inc (NASDAQ: DELL) for its non-volatile cache subsystems, NetVault NV. The NetVault NV subsystems have been qualified by DELL to support RAID storage applications on PowerEdge...
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Benzinga's After Hours Gainers (EXPE, ODP, PFCB, URBN)
Tuesday, July 6, 2010 - 6:06pm | 247Among the stocks that are moving higher in the after hours on Tuesday are Expedia (NASDAQ: EXPE), Office Depot (NYSE: ODP), P.F. Chang's (NASDAQ: PFCB), and Urban Outfitters (NASDAQ: URBN). Expedia (EXPE) has jumped 2.57% to $18.51 in late trading. More than 120,000 EXPE shares have traded hands...
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No Relief For J. Crew (JCG)
Tuesday, July 6, 2010 - 2:12pm | 115Shareholders of J. Crew (NYSE: JCG) are getting no relief again today with the stock down $1.48, or 4.06%, to $35.01. Shares are now down 31.3% from their 52-week high and down 14.3% in the last month alone. J. Crew is one of the most innovative and best-run retailers around. Traders are clearly...