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Retail Stocks Present Buying Opportunities: Goldman Sachs (GS)
Friday, December 4, 2009 - 3:14pm | 190Goldman Sach’s (NYSE: GS) sector overview of the retail sector highlights the impact on apparel sales in the U.S. owing to unseasonably warm weather. The Northeast region especially lagged in winter apparel sales. J.C. Penney (NYSE: JCP) and Kohl’s (NYSE: KSS) saw a slump in the children’s apparel...
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AEO’s Sales To Soar This Holiday Season
Friday, December 4, 2009 - 2:41pm | 131Analysts at Caris & Company reiterate their “buy” rating on American Eagle Outfitters (NYSE: AEO). The target price is set to $23. AEO posted its November comps at -2%, exceeding the estimates. According to Caris & Company, this is positive news, especially since several of AEO’s peers...
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Morgan Stanley (MS): November Retail Sales Disappointing
Friday, December 4, 2009 - 1:17pm | 133Morgan Stanley (NYSE: MS) noted that November retail comparable sales growth at 0.6 percent underperformed market expectations by 160 bps. The biggest miss came from department stores (-3.8% comp, underperforming consensus by 230 bps) and discount stores (2.2%, underperforming by 180 bps). Off...
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Stock Market News for December 04, 2009 - Market News
Friday, December 4, 2009 - 10:29am | 356After spending much of the session struggling to find direction, U.S. stocks ended lower Monday as investors grew anxious ahead of this morning’s non-farm payrolls report. The sell-off that intensified in the final 20 minutes of the session saw the Dow Jones industrial average giving up 87 points...
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Storehouse Partners Likes KSS And ROST
Thursday, December 3, 2009 - 7:43pm | 110Patricia Edwards of Storehouse Partners, said on CNBC's Fast Money that sales from November were horrible, and that retailers were not exaggerating when they said that consumers are not that strong. In the retail sector, Patricia Edwards likes Kohl's (NYSE: KSS) and Ross Stores (NASDAQ: ROST). Kohl...
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Unusual Volume Toppers (STST, APWR, CMCSK, RMBS, HGSI, TRGT, CAGC, SNPS, PLCE)
Thursday, December 3, 2009 - 4:05pm | 199Argon St. Inc. (NASDAQ: STST) led the volume spike race with 540% increase in its volume over the average volume. The share price was up by 5.4%. Argon (STST) was followed by A-Power Energy Generation Systems, Ltd. (NASDAQ: APWR). The A-Power Energy stock registered 355% increase in volume...
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Gap Topped Out?
Thursday, December 3, 2009 - 2:16pm | 169Gap Stores (NYSE: GPS) has been range bound over the past three months and one trader is looking to take down some premium in the options. Gap is currently trading around 21.70, with a recent high just a tick over $23. The chart is showing a loose head and shoulders pattern, which could signal...
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Aeropostale, Inc. (ARO) Upside Limited at $34
Thursday, December 3, 2009 - 10:45am | 152Despite ongoing solid gains in sales and margin, Sr. Analyst Jeffrey P. Klinefelter, at Piper Jaffray & Co, maintains underweight rating on Aeropostale, Inc. (NYSE: ARO) They raised estimates slightly to reflect ongoing merchandise margin gains, sq ft growth, and expected share repurchase...
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Company News for December 03, 2009 - Corporate Summary
Thursday, December 3, 2009 - 10:24am | 146• Comcast/GE confirmed the $30 billion Universal deal, with Comcast (NASDAQ:CMCSA) owning and 49% General Electric (NYSE:GE) ownership • Bank of America (NYSE:BAC) upgraded Weyerhaeuser (NYSE:WY) to "buy" from "neutral" with a price target of $47, up from $41 • Toll Brothers (NYSE:TOL) reported a...
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Aeropostale: Great 3Q But Earnings Risk Ahead In FY10
Thursday, December 3, 2009 - 9:32am | 135Today, Randal Konik of Jefferies & Co. maintains his “Hold” rating on Aeropostale, Inc. (NYSE: ARO), while lowering estimates for the company. He has reduced the price target by $14 to $35. He said “Clearly ARO is benefiting from a trade down consumer. However, fundamentals are now peaking,...
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Collective Brands (PSS) Reports Lower Q3 Profit
Thursday, December 3, 2009 - 8:03am | 94Shoe retailer Collective Brands Inc. (NYSE: PSS) said its Q3 profits fell 22% but its sales rose slightly. Collective Brands, which is based in Topeka, Kan., reported earning $36.9m, or 57 cents per share, in the quarter that ended Oct. 31. During the same period a year ago, the company earned $47...
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Progess to Retire 11 Coal Plants - Analyst Blog
Wednesday, December 2, 2009 - 4:10pm | 388Progress Energy Carolinas, a wholly owned subsidiary of Progress Energy Inc. (PGN), announced plans to close all of its remaining North Carolina coal-fired power plants which do not have flue-gas desulfurization controls (scrubbers) by the end of 2017. In a report filed with the N.C. Utilities...
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NWY Beats Market Volatility with Flexible Promotions
Wednesday, December 2, 2009 - 3:12pm | 124Analysts at Auriga USA upgrade New York & Co Inc (NYSE: NWY) from “hold” to “buy,” while raising their estimates for the company. The target price for NWY is set to $5.50. According to Auriga USA, NWY has been able to perform well, despite a volatile mall environment. This has been due to the...
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Company News for December 02, 2009 - Corporate Summary
Wednesday, December 2, 2009 - 10:13am | 125• Credit Suisse (NYSE:CS) upgraded SunTrust (NYSE:STI) to "outperform," with a price target of $29 • Joseph A Bank (NASDAQ:JOSB) reported third quarter earnings of 63 cents a share, beating Zacks estimates of 56 cents a share on revenues of $161 million, slightly ahead of Zacks projections for $160...
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GUESS? : High-Quality 3Q Results
Tuesday, December 1, 2009 - 12:16pm | 186Today, Analysts at Morgan Stanley maintain their “Equal Weight” rating for Guess?, Inc. (NYSE: GES) after GES delivered high-quality 3Q earnings results. The price target is set to $41. Yesterday, GES posted a larger-than-expected quarterly profit on Monday and forecast holiday season earnings...