-
Retail Sector Moving Up Following An Upgrade By Moody's (BGP, GE, RSH, BBY, BKS, CHS)
Monday, April 12, 2010 - 2:55pm | 355The retail industry has moved into positive territory after Moody's Investors Service upgraded the sector and said that it expects credit conditions to improve for the industry over the next 12 to 18 months. Moody's also expects operating income in the sector to grow in mid-single digits, driven by...
-
Market News – JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Goldman Sachs (NYSE:GS), Ford (NYSE:F), Alcoa (NYSE:AA)
Monday, April 12, 2010 - 12:56pm | 963Banks JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), and Wells Fargo (NYSE:WFC) may have to put as much as $30 billion additional dollars to cover the costs of losses on home-equity loans. The amount, calculated by CreditSights Inc out of New York City, is approximately what the banks...
-
Market News – JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Goldman Sachs (NYSE:GS), Ford (NYSE:F), Alcoa (NYSE:AA)
Monday, April 12, 2010 - 12:56pm | 963Banks JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), and Wells Fargo (NYSE:WFC) may have to put as much as $30 billion additional dollars to cover the costs of losses on home-equity loans. The amount, calculated by CreditSights Inc out of New York City, is approximately what the banks...
-
The Curious Case Of Abercrombie & Fitch (ANF, ARO, AEO)
Monday, April 12, 2010 - 11:43am | 290Lately, analysts just don't know what to make of Abercrombie & Fitch (NYSE: ANF). Is the retailer a dying fad? Is it making a comeback? Is its domestic brand dead? Is international expansion the company's panacea? In case you are not familiar with the Abercrombie story, let me give you a brief...
-
Interest Rates Will Only Go Up (ANF, TIF, HOG)
Sunday, April 11, 2010 - 5:25pm | 316The economy may be on the mend, but the consumer may never again be the same thanks to rising interest rates. A New York Times piece today discusses the topic of rising interest rates that is the result of the nation's ever-growing debt and prospects for inflation as growth resumes. American...
-
Market Roundup (AMR, LCC, UAUA, KO, PEP, BUD, DEO, STZ, TJX, JCP, AA)
Friday, April 9, 2010 - 2:52pm | 332AMR (NYSE: AMR) chief Gerard Arpey said that consolidation in the airline sector, such as a merger of UAL (NASDAQ: UAUA) and US Airways (NYSE: LCC), would help the sector. However, he does not expect American Airlines to participate in an M&A mania that is "not a panacea." He is, instead,...
-
MKM Partners Initiates Garmin At Neutral (GRMN)
Friday, April 9, 2010 - 2:29pm | 159In a research report released today, MKM Partners initiated Garmin (NASDAQ: GRMN) with a Neutral rating. The firm has a fair value estimate on the shares of $36. During today's trading, GRMN has gained 0.45% to $38.31. The analyst wrote that "our Neutral rating is based on the transformation...
-
JCO: Investing In The Contrary
Friday, April 9, 2010 - 1:34pm | 546Those who like fishing for value may find JETS Contrarian Opportunities Index Fund (JCO) to be a useful tool. Launched today (4/9/2010) by the relatively new provider Javelin, JCO will attempt to track the Dow Jones U.S. Contrarian Opportunities Index, a rules-based portfolio of low-performing...
-
Upgrade Boosts Abercrombie (ANF)
Friday, April 9, 2010 - 11:24am | 79Teen retailer Abercrombie & Fitch (NYSE: ANF) hit a fresh 52-week high this morning on the heels of an analyst upgrade. Bank of America/Merrill upgraded Abercrombie to Neutral from Underperform and raised their price target to $50 from $37. Yesterday Abercrombie reported its March same-store...
-
Price Target Raised on Limited Brands
Friday, April 9, 2010 - 11:08am | 152I have been bullish on Limited Brands (NYSE: LTD), the holding company of such brands as Victoria’s Secret and Bath & Body Works, for some time now in both the common stock and bonds; I have recently went Neutral on the name, though. Soleil Securities is echoing that same thesis with a price...
-
Mixed Expectations for TJX
Friday, April 9, 2010 - 10:03am | 142TJX Corporation (NYSE: TJX), the parent company of T.J. Maxx and Marshalls, is receiving mixed analyst color this morning. The company was downgraded to “Buy” from “Conviction Buy” over at Goldman Sachs, but the retailer was reiterated a “Buy” via a research report by Soleil Securities with a price...
-
TJX Cut At Goldman
Friday, April 9, 2010 - 9:45am | 39Analysts at Goldman downgrade TJX Companies (NYSE: TJX) from “conviction buy” to “buy.” Shares of TJX closed at $44.82 yesterday. More Analyst Ratings here.
-
Stock Market News for April 9, 2010 - Market News
Friday, April 9, 2010 - 9:30am | 501Retailers reported their strongest monthly sales growth in a decade Thursday boosting expectations of an economic recovery and helping stocks reverse an early slide. The Dow average, in the red shortly after the opening bell, staged a steady comeback as the session neared its close, helped largely...
-
"Mad Money Lightning Round:" Jim Considers NKE, SHLD, GPS, JDSU, BAC, SWKS Great Investments
Friday, April 9, 2010 - 6:53am | 299In his "Mad Money Lightning Round," Jim Cramer said that Nike (NYSE: NKE) has become a perfect investment ever since consumer spending has risen. He said he will continue to consider NKE a good buy up to $90. NKE lost 0.54% in after hours. Jim expressed his liking for Sears Holdings (NASDAQ: SHLD)...
-
Time To Buy American Eagle Outfitters (AEO)?
Friday, April 9, 2010 - 2:47am | 179American Eagle Outfitters (AEO) reported good news on Thursday. Same store sales were up 15 percent for the month of March. This was well better than analyst expectations of a 10.8% rise in comps. Total sales surged 11 percent and net sales rose 15 percent. So, how did shares of American Eagle...