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Optimistic Expectations For December Retail Sales (AEO, JCP, ARO, KSS, JWN)
Monday, December 28, 2009 - 8:55am | 204Analysts at Thomas Weisel Partners expect retailers to come out with strong December numbers in spite of the havoc caused by the snow. Last minute holiday sales are expected to boost December retail sales. Online sales have also been encouraging. Online sales during Thanksgiving were in the high...
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Jon Najarian Is Bullish On JWN And TJX, Bearish On JAS
Thursday, December 24, 2009 - 6:08pm | 132OptionMonster.com co-founder Jon Najarian said on CNBC's Fast Money that he is bullish on Nordstrom (NYSE: JWN), because the January call options action suggests him that this stock is going higher. He believes that big investors are interested in the stock. Nordstrom (JWN) fell 0.27% today and...
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Southern Co. Initiated With Neutral - Analyst Blog
Thursday, December 24, 2009 - 1:45pm | 329We are initiating coverage on The Southern Company (SO) with a Neutral recommendation and a target price of $35. Headquartered in Atlanta, Georgia, Southern Company is one of the largest generators of electricity in the nation, serving both regulated and competitive markets across the...
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Market Roundup (FINL, CAGC, BAC, MTG, WFC, NYSE, NYT)
Wednesday, December 23, 2009 - 3:12pm | 273Shares of Finish Line (NASDAQ: FINL) jumped after the company announced profits of $6.6 million, or 12 cents a share, in its third quarter. FINL’s results were driven by a onetime tax gain of $6.5 million associated with the termination of its plans to acquire Genesco (NYSE: GCO). China Agritech...
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Benzinga’s Volume Movers (FINL, WRLD, CAAS, CAGC, HELE)
Wednesday, December 23, 2009 - 2:42pm | 222Some of the stocks that saw extraordinary trading this morning are: The Finish Line Inc (NASDAQ: FINL) shares jumped 8% to $10.80 after the company swung to profits in Q3. The volume of FINL shares traded was 259% higher than normal. World Acceptance Corporation (NASDAQ: WRLD) shares moved up 1.95...
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Benzinga’s Top Pre- Market Gainers (TIBX, PSDV, ACHN, FINL, SNDK, BLDP)
Wednesday, December 23, 2009 - 9:24am | 333Tibco Software Inc. (NASDAQ: TIBX) has climbed 7.62% to $9.75 after TIBX reported fourth-quarter net income of $39.2 million, or $0.23 a share from $39.9 million or $0.23 a share from the same quarter last year. While, total revenue was $195.6 million as compared to $185.5 million in the year ago...
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Top 5 Mid-Cap NASDAQ Stocks with Highest PEG Ratio (APOL, HCBK, NIHD, ROST, FWLT)
Wednesday, December 23, 2009 - 8:29am | 189Below are the top 5 mid-cap stocks on the NASDAQ in terms of highest cash per share. Apollo Group Inc (NASDAQ: APOL) has a PEG ratio of 0.96. APOL’s market capitalization is $8.96 billion. APOL’s shares have fallen by 23.25% over the past 52 weeks, as compared to a 29.53% rise in S&P500. Hudson...
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SCVL Witnesses Strong Product Momentum
Tuesday, December 22, 2009 - 3:58pm | 137Analysts at Susquehanna Financial maintained their "positive" rating on Shoe Carnival Inc (NASDAQ: SCVL). The target price for SCVL is set to $23. According to Susquehanna Financial, Shoe Carnival’s same-store sales for 4Q09 are likely to be higher than the guidance due to strong merchandise trends...
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Chico’s (CHS) Looks Good For The Holiday Season
Tuesday, December 22, 2009 - 3:30pm | 121Chico’s (NYSE: CHS) is expected to sustain the momentum it gathered in Q3Y09. Both White House | Black Market (WHBM), a boutique, and Chico’s are performing well during the holiday season. According to a report released by FBR Capital Markets, White House | Black Market has maintained a clean...
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Holiday Season Looks Good For American Eagle (AEO) And The Gap (GPS)
Tuesday, December 22, 2009 - 2:17pm | 142According to a report released by FBR Capital Markets, retailers have pulled out all the stops on the promotional activities. Earlier during the holiday seasons, retailers had shied away from offering discounts and carrying out promotional propaganda. However, now they are back in full swing and...
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RadioShack (RSH) And Walmart (WMT) To Remain Strong
Monday, December 21, 2009 - 3:27pm | 143The retail sector, fueled by a solid online sales trend, is likely to fare well in the coming year. Talking to CNBC, Style File Group analyst Hitha Prabhakar placed her bets on value stocks such as WalMart (NYSE: WMT) and J Crew (NYSE: JCG). She stated that she would stay away from luxury stocks...
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Retail Sales Review (AEO, ARO, GPS, TIF)
Monday, December 21, 2009 - 3:00pm | 123Credit Suisse released its retail sales review. It noted that American Eagle Outfitters (NYSE: AEO) had been running promos like 50% off and was generally successful. Traffic was strong at Aeropostale, Inc. (NYSE: ARO) as it was running 50-70% off on all items. The Gap Inc. (NYSE: GPS) was running...
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Mixed Results On Sales Of Abercrombie & Fitch Co. (ANF)
Monday, December 21, 2009 - 2:46pm | 73Credit Suisse has noted that Abercrombie & Fitch Co. (NYSE: ANF) continued to have a similar level of promos and clearance for the past few weeks. Abercrombie & Fitch Co. had been running gift card promo in stores (spend $100 get $25) and online (spend $200 get $50). Credit Suisse has...
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Gap Incorporation (GPS) Downgraded To Hold
Monday, December 21, 2009 - 2:01pm | 112Jesup & Lamont Securities Downgraded Gap Incorporation (NYSE: GPS) to “Hold” as the firm‘s recent channel checks indicated that the Gap brand is not getting the traction it needs to justify the incremental marketing spend this holiday. GPS management’s goal was to drive market share in 4Q09...
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Promotional Strategy Remains Unchanged At Most Retailers (CHS, GES, URBN, BEBE, PSUN, ESRX)
Monday, December 21, 2009 - 1:51pm | 178Analysts at Jefferies & Company say that their pre-Christmas survey indicates that retailers have maintained their stance on their promotional strategy since Black Friday. According to the survey, retailers have kept their promotions significantly lower than in the year-ago period. With people...