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Jefferies Cuts Price Target For Guess: Retains ‘Buy’ Rating (GES)
Friday, May 28, 2010 - 1:30pm | 132According to a research report released today, Guess (NYSE: GES) has a well-diversified global portfolio. Jefferies & Co. has stated that the company's stock is oversold due to its foreign exchange position, hence now is a good entry point to initiate a position in the stock. Guess also...
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J. Crew To Perform Well : Retains ‘Hold’ Rating (JCG)
Friday, May 28, 2010 - 1:26pm | 131J. Crew Group (NYSE: JCG) has posted impressive quarterly earnings numbers. It also announced rising sales, margins and good earnings growth. However, Jefferies & Co. has reiterated its ‘Hold’ rating for the stock due to it high valuation. The company has surpassed expectations in the past,...
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Puts Sold on J Crew Group
Friday, May 28, 2010 - 1:03pm | 120Shares of J Crew Group Inc. (NYSE: JCG) are higher on the session by 3.65%, currently trading $45.46. The stock has been a relative outperformer as of late, but is struggling to hold the 50-day moving average now. Puts are being sold on the name today with the June $40 put sold 2,298 times on open...
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JP Morgan Resumes Coverage of Garmin (GRMN) With An Underweight With A Target of $30.50
Friday, May 28, 2010 - 12:28pm | 438JP Morgan has resumed coverage of Garmin (NASDAQ: GRMN) with an Underweight rating and a December 2011 price target of $30.50. According to the analysts, Paul Coster, CFA, Marija Krgovic and Mark Strouse, CFA, due to the completion of J.P. Morgan’s involvement in the transaction announced on May...
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Consumer Spending Flat In April (TIF, ANF)
Friday, May 28, 2010 - 10:44am | 144U.S. consumer spending was flat in April, the first time since September that spending did not increase, according to the Commerce Department. Analysts were looking for consumer spending to increase by 0.3 percent in April after a 0.6 percent rise in March. For the first quarter of 2010 consumer...
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Stock Market News for May 28, 2010 - Market News
Friday, May 28, 2010 - 9:42am | 551After a number of whipsaw sessions, U.S. stocks advanced sharply on Thursday, led by a rally in energy, technology and financial shares, as China refuted reports that it was considering trimming down its investments in European government bonds. The Chinese assurance was seen as a vote of...
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Top Day Trader Alerts (AAPL, BCSI, BP, CKXE, GES, JTX, MENT, OVTI, VVUS)
Friday, May 28, 2010 - 8:59am | 407Just in time for the US three-day Memorial Day weekend, Fitch has downgraded Spain’s long-term foreign and local currency issuer default ratings to AA+ from AAA. The news wrecked the American market pushing down stocks 1.1% in light afternoon trading. The Spanish government recently released data...
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The Twitter-24/7 Wall St. Stock Market Report 5.28.2010 The Wisdom Of Crowds?
Friday, May 28, 2010 - 8:47am | 407Just in time for the US three-day Memorial Day weekend, Fitch has downgraded Spain’s long-term foreign and local currency issuer default ratings to AA+ from AAA. The news wrecked the American market pushing down stocks 1.1% in light afternoon trading. The Spanish government recently released data...
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Benzinga's After Hours Decliners (GES, SII, EK)
Thursday, May 27, 2010 - 7:02pm | 184Among the after hours decliners today are Guess (NYSE: GES), Smith International (NYSE: SII) and Eastman Kodak (NYSE: EK). Guess Inc. (GES) reported earnings per share of $0.58 compared to analysts' estimates of $0.49 after the closing bell today. Something in the report, however, has GES...
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SunEdison Eyes Solar Energy JVs - Analyst Blog
Thursday, May 27, 2010 - 6:22pm | 522It has been noticed in recent times that private equity firms are eyeing infrastructure deals, particularly partnerships with companies, to capitalize on increasing solar energy demand around the world. SunEdison, the solar energy development division of MEMC Electronic Materials Inc. (WFR), has...
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J. Crew Group (JCG) Beats Estimates, Raises Guidance
Thursday, May 27, 2010 - 6:21pm | 113J. Crew Group Inc (NYSE: JCG) announced on Thursday after the market closed that it beat consensus Wall Street estimates. J. Crew Group Inc reported that its 1st quarter earnings more than doubled to $44.7 million, or 68 cents per share, up from $20.4 million, or 32 cents per share, a year earlier...
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Guidance Sends Guess (GES) Shares Down 7%
Thursday, May 27, 2010 - 6:02pm | 136Guess Inc (NYSE: GES) released financial results on Thursday after the market closed that easily beat Wall Street estimates but the company also provided disappointing guidance. Guess Inc reported that its 1st quarter earnings jumped to $50.3 million, or 54 cents per share, up from $32.5 million,...
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Taking Advantage of American Eagle’s Mishap of a Quarter (AEO)
Thursday, May 27, 2010 - 2:29pm | 264Shares of American Eagle Outfitters (NYSE: AEO) fell nearly 17% yesterday after the company reported that fiscal first-quarter earnings plunged by half on losses from its failed MARTIN+OSA chain, masking higher sales. The retailer forecast current-quarter earnings well below Street estimates....
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Puts Sold on Abercrombie & Fitch
Thursday, May 27, 2010 - 12:27pm | 130Shares of Abercrombie & Fitch Co. (NYSE: ANF) are higher on the session by 2.61%, currently trading $35.05. The stock has been cascading lower for the better part of two months now and is well below the 50-day and 200-day moving averages. I am seeing traders sell out of their long put...
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Bookkeeping: Short Ross Stores (ROST), Steve Madden (SHOO)
Thursday, May 27, 2010 - 11:44am | 627With the constant gap up or downs to open each session it is nearly impossible to do anything overnight with the general indexes, so I'm going to make some attempts on the short side with individual equities. I actually got both these ideas from "RevShark" over at Realmoney.com - when I looked at...