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Retail Going Berserk! (HOTT, ANN, PIR, ZUMZ)
Wednesday, April 14, 2010 - 11:52am | 109Today's retail sales numbers for March topped analysts' expectations. Retail sales jumped 1.6% in March, besting the 1.2% gain analysts were looking for. Some retail names are sporting insane gains on top of today's news. Here are a few of today's winners: Hot Topic (NASDAQ: HOTT) is up $1.04, or...
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Benzinga’s Top Upgrades (LLTC, TWI, BEBE, PLXT, AAP)
Wednesday, April 14, 2010 - 11:20am | 177Linear Technology Corp (NASDAQ: LLTC) was upgraded by Barclays Capital from “equal weight” to “overweight.” LLTC’s shares gained 3.10% to $30.57. LLTC’s shares have fallen by 2.15% year to date. Sterne Agee upgraded Titan International Inc (NYSE: TWI) from “neutral” to “buy.” TWI’s stock has...
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Bebe Stores (BEBE) Shares Rise On Analyst Upgrade
Wednesday, April 14, 2010 - 10:43am | 114Shares of Bebe Stores, inc. (NASDAQ: BEBE) were up more than 3% in early trading after the stock was upgraded by Brean Murray from a rating of Hold to a Buy, with a price target of $11 per share. The upgrade comes nearly a week after the clothing retailer reported that its fiscal 3rd quarter same...
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Boeing Teams with Raytheon - Analyst Blog
Wednesday, April 14, 2010 - 9:48am | 544Boeing Company (BA) has joined a team led by Raytheon Company (RTN) to develop U.S. Air Force's new ground control segment. Raytheon got the Global Positioning System (GPS) advanced control segment program (OCX) contract from the Air Force Space and Missile Systems Center’s GPS Wing. Boeing...
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NRG Energy's Green Strides - Analyst Blog
Wednesday, April 14, 2010 - 9:00am | 412NRG Energy Inc. (NRG) received a 10-year contract from the New York State Energy Research and Development Authority (NYSERDA) for power generated using renewable biomass fuel at its Dunkirk Generating Station in western New York. The project, which is expected to come online by the end of 2011,...
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March Retail Sales Rise (SBUX, GPS)
Wednesday, April 14, 2010 - 8:50am | 173March Retail sales rose 1.7%, better than the consensus estimate of a 1.2% increase. Stripping out auto and gas and retail sales were up 0.7% versus the 0.6% consensus. Clothing and accessories sales increased 2.3%. Building materials and garden equipment climbed 0.1%. The consumer continues to be...
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Benzinga’s Top Pre-Market Gainers (CRXX, AIB, KLIC, HOTT)
Wednesday, April 14, 2010 - 8:13am | 231CombinatoRx, Incorporated (NASDAQ: CRXX) rose 30.08% to $1.73 in the pre-market session. CombinatoRx Incorporated announced today the publication of new preclinical data in BLOOD, The Journal of the American Society of Hematology. The 52-week trading range for CRXX is $0.49 - $2.60. In the last...
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Abercrombie CEO Paid $4 Million To Curb Jet Use (ANF)
Tuesday, April 13, 2010 - 6:09pm | 104Abercrombie & Fitch (NYSE: ANF) CEO Michael Jeffries is getting quite the deal at the expense of shareholders. Jeffries agreed to forgo unlimited use of the teen retailer's jet in exchange for $4 million. If Jeffries incurs more than $200,000 in costs associated with the aircraft in any fiscal...
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The Talbots, Inc. (TLB) Reports A Profit Of $4.1 Million In The Fourth-Quarter
Tuesday, April 13, 2010 - 10:08am | 91The Talbots, Inc. (NYSE: TLB) has reported its fourth-quarter results today. For the fourth-quarter, the company reported a profit of $4.1 million, or $0.07 per share, compared with a loss of $361.5 million, or $6.75 per share reported for the same period last year. Revenue was down by 3.7% to $...
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Market News – Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS), Best Buy (NYSE:BBY), Starbucks (NYSE:SBUX), Alcoa (NYSE:AA)
Tuesday, April 13, 2010 - 10:06am | 857Bank of America (NYSE:BAC) has announced they’ve hired a former Morgan Stanley (NYSE:MS) executive, Futoshi Ago. The new hire will begin work for BofA’s Merrill Lynch division in Japan, in order to boost their prime mortgage business in the Land of the Rising Sun. It’s been estimated by Deutche...
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Market News – Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS), Best Buy (NYSE:BBY), Starbucks (NYSE:SBUX), Alcoa (NYSE:AA)
Tuesday, April 13, 2010 - 10:06am | 857Bank of America (NYSE:BAC) has announced they’ve hired a former Morgan Stanley (NYSE:MS) executive, Futoshi Ago. The new hire will begin work for BofA’s Merrill Lynch division in Japan, in order to boost their prime mortgage business in the Land of the Rising Sun. It’s been estimated by Deutche...
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Talbots (TLB) Swings To Profit, But Sales Fall
Tuesday, April 13, 2010 - 9:17am | 104Women's apparel retailer Talbots, Inc. (NYSE: TLB) on Tuesday reported 4th quarter net income of $4.1 million, or 7 cents per share, up from a loss of $361.5 million, or $6.75 per share, a year earlier. The retailer's return to profitability was largely attributed to reduced inventories. However,...
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Benzinga’s News Roundup (COP, MKC, HK, TLB)
Tuesday, April 13, 2010 - 8:07am | 306ConocoPhillips (NYSE: COP) is ramping up oil development efforts in the Caspian Sea off the coast of Turkmenistan in a fresh effort with Mubadala Development Co., after a plan to team up with Lukoil on the Russian side of the Caspian didn't succeed, according to a Bloomberg report today....
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Jos. A. Bank Plans Factory Stores (JOSB)
Monday, April 12, 2010 - 10:09pm | 144Jos. A. Bank Clothiers (NASDAQ: JOSB) announced today that they will launch five factory stores this fiscal year. Factory stores sell less-expensive products than regular retail outlets. Jos. A. Bank said the factory stores will be different from its current clearance outlet stores, which are used...
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Fast Money Picks For April 13th (AXP, AEO, YUM)
Monday, April 12, 2010 - 6:31pm | 126CNBC Fast Money's Joe Terranova thinks that investors should buy American Express Company (NYSE: AXP) on Tuesday. American Express (AXP) gained 1.50% today and closed at $44.54. American Eagle Outfitters (NYSE: AEO) is Karen Finerman's pick. She recommends a long position in this stock. American...