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Retail Remains Strong (XRT, PLCE, DBRN)
Tuesday, March 2, 2010 - 11:38am | 144Despite a weak housing and labor market, the consumer remains resilient. Or perhaps it's just the stocks and not the consumer that are strong. Earlier this morning the SPDR S&P Retail ETF (NYSE: XRT) touched a 52-week high of $38.30 before pulling back to the $38 level. Some of the top holdings...
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Monday's Hot Stocks: Charge Up Your Portfolio With Volterra
Tuesday, March 2, 2010 - 11:06am | 2280With the major indices starting off March with a bang Monday, there were plenty of stocks which traded higher on above average volume. If this is your first time reading one of my breakout reports you'll want to read the section below, however if you are familiar with my daily breakout report you...
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Urban Outfitters (URBN) May Post Impressive Q4 Results
Tuesday, March 2, 2010 - 10:53am | 164Analysts at FBR Capital Markets maintain their "outperform" rating on Urban Outfitters Inc (NASDAQ: URBN). The target price for URBN is set to $35. According to FBR Capital Markets, URBN is likely to post its earnings for 4Q09 at $0.42, marginally higher than the market consensus. “Through our...
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Unusual Movements Expected In These Shares (BAC, BMY, DBRN, MDR, PCG)
Tuesday, March 2, 2010 - 9:45am | 309The following shares may experience unusual movement, according to Bloomberg. The U.S. Treasury department has set March 3 as the date for the auction of the warrants received in return for the support of $45 billion for Bank of America Corp. (NYSE: BAC) as part of the Troubled Asset Relief...
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Fluor Wins Mining Order - Analyst Blog
Monday, March 1, 2010 - 4:59pm | 478Fluor Corporation (FLR) announced that its joint venture with Sinclair Knight Merz was awarded a contract by BHP Billiton to execute the next phase of its Rapid Growth Program. The focus of the project will be the continued expansion of BHP Billiton's iron ore operations in the Pilbara Region of...
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Abercrombie & Fitch Downgraded, Shares Rise (ANF)
Monday, March 1, 2010 - 1:11pm | 114Teen retailer Abercrombie & Fitch (NYSE: ANF) was downgraded on Monday to sell at Brean Murray with a price target of $29. The firm believes investor optimism is too high after the shares rallied 16.1 percent in February versus a 2.9 percent increase in the S&P 500 and a 6.1 percent rise in...
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Susquehanna Reiterates Positive Rating For Genesco (GCO)
Monday, March 1, 2010 - 10:20am | 157Susquehanna analysts Christopher Svezia, Christina S. Cheng and Tom Haggerty reiterated their Positive rating for shares of Genesco Inc. (NYSE: GCO), with a price target of $31. The analysts said that, "a methodical improvement in operating margins back to historical 8-9% levels is expected (...
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Limited Brands, Inc.’s (LTD) Price Target Raised
Friday, February 26, 2010 - 7:17pm | 101Soleil Securities has raised the price target for Limited Brands, Inc. (NYSE: LTD) to $24. The company has made a strong start in February. The management at the company is committed in its efforts to keep the pace of growth in expenses lower than the growth in sales. According to Soleil, the new...
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Thursday's Hot Stocks on Heavier Volume
Friday, February 26, 2010 - 11:14am | 1535With the major indices trading lower Thursday, there were 21 stocks which fought the trend and traded higher on heavier volume. If this is your first time reading one of my breakout reports you'll want to read the section below, however if you are familiar with my daily breakout report you should...
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Company News for February 26, 2010 - Corporate Summary
Friday, February 26, 2010 - 10:27am | 196• AIG (NYSE:AIG) posted an $8.9 billion loss and said it could knock on the US government’s door to help meet its obligations • CKE Restaurants (NYSE:CKR) will be purchased by Thomas H Lee Partners for $928 million, or $11.05 per share • Interpublic Group (NYSE:IPG) reported inline sales and...
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Stocks To Watch Out For Tomorrow (ATHN, COGT, FLR, GPS, HANS)
Thursday, February 25, 2010 - 8:51pm | 271According to Bloomberg, the shares of the following companies may see some unusual movements in trading tomorrow. Athenahealth, Inc. (NASDAQ: ATHN), which provides internet based services to medical practices, fell 13% in trading today to $37.80. The company has deferred the announcement of its...
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Stock Market News for February 25, 2010 - Market News
Thursday, February 25, 2010 - 10:40am | 491It was a Bernanke-based rally on the Wall Street Wednesday. Comments from the Federal Reserve Chairman in his semi-annual testimony before Congress drew widespread applause from investors and helped stocks end a two-day losing streak. The Fed chairman noted the economy still needed “accommodative...
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Top 5 Stocks For February 25, 2010 (BX, DPS, HNZ, KSS, GPS)
Thursday, February 25, 2010 - 9:03am | 253Some of the companies that may come into the limelight today are those that are reporting their results. While Blackstone Group (NYSE: BX), Dr. Pepper Snapple (NYSE: DPS), Heinz (NYSE: HNZ) and Kohl's (NYSE: KSS) are declaring their results before the bell, Gap (NYSE: GPS), Live Nation (NYSE: LYV...
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Chart Updates on the Market
Wednesday, February 24, 2010 - 8:46pm | 289This market couldn't get any more frustrating than it did today. The whipsaw action is awful for swing-trading and realizing gain is becoming rather difficult. That physics law that states, "For every action, there is an equal and opposite reaction" is a pile of crap. We rally last week when...
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Limited Brands, Inc. (LTD) Beats Consensus, Posts Higher Profit
Wednesday, February 24, 2010 - 6:40pm | 118Limited Brands, Inc. (NYSE: LTD) reported higher-than-expected profits for the fourth-quarter. The company reported profit of $356.1 million or $1.08 per share for the quarter. Excluding one-time items, the EPS was $1.01. The consensus EPS estimate was of $0.98. The fourth-quarter results were...