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Fast Money Picks For April 9th (VOD, JCG, C, TSN)
Thursday, April 8, 2010 - 6:58pm | 188Tim Seymour said on CNBC's Fast Money that Vodafone Group Plc (ADR) (NASDAQ: VOD) is a buy because it is a great global name. Vodafone (VOD) jumped 1.10% today and closed at $22.92. Joe Terranova thinks that gold could make a break through. He recommends a long position in gold. Patty Edwards is a...
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William Blair & Company Maintains Outperform Rating On Zumiez Inc. (ZUMZ)
Thursday, April 8, 2010 - 2:46pm | 95Analysts at William Blair & Company have released an update on Zumiez Inc. (NASDAQ: ZUMZ). In March, the company’s same-store sales increased 13.2%, in-line with analysts’ recently raised projections of an increase of 13%-14%. According to analysts, March’s comp gain was driven primarily by an...
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March Retail Sales Jump; Retail Stocks Follow Suit (GPS, ROST, TGT, JWN, COST, JCP, ANF, TJX, ARO)
Thursday, April 8, 2010 - 2:23pm | 305With consumption reigniting, retail stocks rose today, even though some of them were close to their 52-week highs. The surge was propelled by retailers achieving record sales for March. The S&P Retail Index rose almost 0.9% to 464.20. Shares of Gap (NYSE: GPS) were up 2.43% at $24.44 at 1:38pm...
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Markets Fight Back, Refusing To Be Down Two Straight Days
Thursday, April 8, 2010 - 12:09pm | 517The markets are slightly lower for the second day in a row. Global jitters are showing themselves again with Greece. At 8:30am ET, Jobless Claims were released. They showed a jump to 460,000. Expectations were for 442,000. This negative news did not have a major impact on the markets. Overall...
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Retail Movers (PIR, ZLC, HOTT)
Thursday, April 8, 2010 - 11:58am | 178Some retailers are enjoying hefty gains today. Here is the rundown on a few of the movers: Pier 1 Imports (NYSE: PIR) posted a profit of $35 million during the fourth quarter. Same-store sales rose 6.5 percent for the quarter. The retailer said sales and margin trends that it saw in the second half...
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J.C. Penney (JCP) Raises Q1 Guidance
Thursday, April 8, 2010 - 11:53am | 113Clothing retailer J.C. Penney (NYSE: JCP) has raised its Q1 sales estimates by 2%, and raised the earnings estimate range to $0.20 to $0.24. This was prompted by the growth of 5% in overall company sales during the 5 week period ending April 3rd. The children’s apparel division was the star...
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Easter Boosts Clothing Sales (GPS, SKS, TJX)
Thursday, April 8, 2010 - 10:59am | 132An early Easter this year has helped clothing retailers to comfortably beat analysts’ sales estimates. Major retailers like Gap (NYSE: GPS), Saks (NYSE: SKS) and TJX (NYSE: TJX) posted sales growths of 11% or more. Estimates for Gap Inc. and Saks Inc. were made at half or less, of the actual...
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Economic News – Hot Topic (NASDAQ:HOTT), United Airlines (NASDAQ:UAUA), US Airways (NYSE:LCC), Bank of America (NYSE:BAC), American International Group (NYSE:AIG)
Thursday, April 8, 2010 - 10:24am | 1289The US Department of Labor released news that its count of those filing jobless benefits increased 18,000, to 460,000 total, last week. After glowing reports of a recovering economy, these numbers go to show how far recovery still has to go to get a completely healthy economy. Economists had...
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Economic News – Hot Topic (NASDAQ:HOTT), United Airlines (NASDAQ:UAUA), US Airways (NYSE:LCC), Bank of America (NYSE:BAC), American International Group (NYSE:AIG)
Thursday, April 8, 2010 - 10:24am | 1289The US Department of Labor released news that its count of those filing jobless benefits increased 18,000, to 460,000 total, last week. After glowing reports of a recovering economy, these numbers go to show how far recovery still has to go to get a completely healthy economy. Economists had...
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Company News for April 8, 2010 - Corporate Summary
Thursday, April 8, 2010 - 9:30am | 243• General Motors announced a $4.3 billion, post-bankruptcy loss in the second half of 2009, as revenue reached $57.5 billion • Bed Bath and Beyond (NYSE:BBBY) posted better-than-expected fiscal fourth quarter earnings of 86 cents a share, up from Zacks estimates of 73 cents, on revenues of $2.24...
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Abercrombie & Fitch Misses March SSS Estimates (ANF)
Thursday, April 8, 2010 - 8:11am | 65Abercrombie & Fitch (NYSE: ANF) today reported March same store sales rose 5 percent. Analysts, however, were looking for a gain of 6.7 percent in March and shares fell in pre-market trading. Total net sales rose 19 percent from a year ago to $275.4 million. International sales rose 112 percent...
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HOPE IS A WONDERFUL THING
Thursday, April 8, 2010 - 3:02am | 843By Annaly Capital Management: Yesterday’s Financial Times carried the lead headline, “Recovery hopes lift stocks and bond yields.” Indeed, the Dow Jones Industrials is testing 11000 for the first time since the fall of 2008, the 10-year treasury is hovering around 4% for the first time since the...
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Fast Money Picks For April 8th (X, XAL, AEO, PNRA, DRI)
Wednesday, April 7, 2010 - 7:06pm | 195CNBC Fast Money's Tim Seymour suggested on the show that investors should sell United States Steel Corporation (NYSE: X) tomorrow. He spotted a reversal pattern today. United States Steel Corporation (X) fell 3.53% in today's trading session. Gary Kaminsky thinks that airlines will continue to move...
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Zumiez (ZUMZ) Same-Store Sales Surge 13.2%
Wednesday, April 7, 2010 - 5:09pm | 94Skate and snow-boarding retailer Zumiez Inc. (Nasdaq: ZUMZ) reported on Wednesday that same store sales were up more than 13.2% in March. Analysts had expected the retailer of sporting goods and apparel for skaters and snowboarders to post a same-store sales gain of 11.8%, according to a poll of...
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Barron’s; Aeropostale Chairman Sells $1 Million Shares (ARO)
Wednesday, April 7, 2010 - 7:37am | 94Aeropostale (NYSE: ARO) performed well during the economic turmoil, and continues to outperform its rivals. However, Julian R. Geiger, the chairman and former CEO of the apparel retailer, has sold 33, 726 of his shares at an average price of $28.90. According to Barron’s, the sale is worth...