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News Summary for August 4, 2011
Thursday, August 4, 2011 - 7:51am | 587This is your Benzinga news summary and traders' outlook for Thursday, August 4, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are set for a weak morning as traders wait for the jobless claims data. At last check...
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Limited Brands July Comprable Store Sales up 6% YoY
Thursday, August 4, 2011 - 7:13am | 138Limited Brands, Inc. (NYSE: LTD) reported a comparable store sales increase of 6 percent for the four weeks ended July 30, 2011, compared to the four weeks ended July 31, 2010. The company reported net sales of $660.4 million for the four weeks ended July 30, 2011, compared to net sales of $619.7...
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Buckle July Comparable Store Sales up 6.8% YoY
Thursday, August 4, 2011 - 7:11am | 176The Buckle, Inc. (NYSE: BKE) announced today that comparable store net sales, for stores open at least one year, for the four-week period ended July 30, 2011 increased 6.8 percent from comparable store net sales for the four-week period ended July 31, 2010. Net sales for the four-week fiscal month...
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Miller Tabak Upgrades Talbots To Neutral
Thursday, August 4, 2011 - 6:49am | 19Miller Tabak has upgraded Talbots (NYSE: TLB) from Sell to Neutral.
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Stage Stores Reports 0.8% Rise In Same-Store Sales
Thursday, August 4, 2011 - 6:27am | 58Stage Stores Inc (NYSE: SSI) reported a 0.8% rise in its sales for four weeks to July 30 at stores open at least one year. Analysts were expecting same-store sales to surge 0.2%. Its total sales for the period increased 2.2% y/y to $102 million from $100 million. SSI shares gained 4.62% to close...
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US Stock Futures Down As Investors Await Jobless Claims Data, GM Earnings
Thursday, August 4, 2011 - 6:17am | 460US stock futures are lower this morning, as investors are awaiting earnings from General Motors Co (NYSE: GM) and weekly jobless claims data. Futures for the Dow Jones Industrial Average dipped 44 points to 11,774.00 and S&P 500 index futures fell 5.20 points to 1,249.30. Nasdaq 100 futures...
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Stocks To Watch For August 4
Thursday, August 4, 2011 - 3:08am | 233Some of the stocks that may grab investor focus today are: Wall Street expects General Motors Company (NYSE: GM) to report its Q2 EPS at $1.20 on revenue of $36.71 billion. GM shares surged 1.21% to $27.50 in after-hours trading. Zumiez Inc (NASDAQ: ZUMZ) reported a 4.9% rise in its July sales at...
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Options Brief: ANN
Wednesday, August 3, 2011 - 2:45pm | 80Shares of ANN (NYSE: ANN) are higher on the session by 1.29%, trading at $25.12. Overall call volume is now running at 3.73x the daily average, with 87% of all calls traded being purchases on the offer. 5,740 contracts have traded on the session so far. ANN INC, formrely AnnTaylor Stores...
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Options Brief: Chico's
Wednesday, August 3, 2011 - 12:13pm | 82Shares of Chico's (NYSE: CHS) are higher on the session by 1.62%, trading at $14.44. Overall call volume is now running at 4.06x the daily average, with 95% of all calls traded being purchases on the offer. 2,150 contracts have traded on the session so far. Chico's FAS, Inc. is a specialty...
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Citi Reiterates Buy and PT of $51 on Guess
Wednesday, August 3, 2011 - 6:34am | 46Citi reiterated its Buy rating on Guess (NYSE: GES). At the same time, the rating agency left its price target on the company's stock unchanged at $51. On Tuesday, GES lost 4.62% of its value to end the day at $36.11.
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Stocks to Watch for Wednesday 8/03/2011: Fresh 52 Week Highs and Lows
Wednesday, August 3, 2011 - 1:05am | 5002Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...
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ABB Wins $1 Billion Order for Offshore Wind Power Connection
Tuesday, August 2, 2011 - 11:18am | 179ABB (NYSE: ABB) has won an order worth around $1 billion from the Dutch-German transmission grid operator TenneT to supply a power link connecting offshore North Sea wind farms to the German mainland grid. This is the largest power transmission order in ABB's history. It will deploy the world's...
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Talbots Prepares to Fend Off Private Equity Takeover
Tuesday, August 2, 2011 - 8:58am | 176Beleaguered retailer Talbots (NYSE: TLB) has adopted a so-called poison pill stockholder rights plan, following media reports that a private equity firm is considering buying the company. Under the new plan, if a single investor buys a stake of more than 10%, Talbots may issue shares at a discount...
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Stocks to Watch for Tuesday 8/02/2011: Fresh 52-Week Highs and Lows
Tuesday, August 2, 2011 - 4:20am | 3164Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...
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Top 4 NASDAQ Stocks In The Apparel Stores Industry With The Highest Revenue
Tuesday, August 2, 2011 - 4:08am | 130Below are the top apparel stores stocks on the NASDAQ in terms of revenue. The trailing-twelve-month revenue at Ross Stores Inc (NASDAQ: ROST) is $8.01 billion. ROST's ROE for the same period is 44.43%. The trailing-twelve-month revenue at Ascena Retail Group Inc (NASDAQ: ASNA) is $2.90 billion....