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Oppenheimer Analyzed Retail Stocks In Preparation For Black Friday (AEO, ANF, ARO, ZUMZ, GPS)
Monday, November 16, 2009 - 11:07am | 312As Black Friday Approaches, Oppenheimer analysts looked into the activity of malls to look into the trends in New York, Philadelphia, New Jersey, and Florida. American Eagle Outfitters (NYSE: AEO) showed improving traffic while the struggling company, Abercrombie and Fitch (NYSE: ANF) received...
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Stock Market News for November 16, 2009 - Market News
Monday, November 16, 2009 - 10:07am | 453U.S. stocks rose Friday, for their second consecutive weekly advance, as upbeat earnings reports from a number of companies, including Walt Disney and JC Penny, spurred optimism that the economic recovery is gaining momentum. A dip in the value of dollar, on concerns consumer spending is likely to...
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Abercrombie & Fitch (ANF) results surpasses analysts' expectations
Friday, November 13, 2009 - 1:46pm | 88Abercrombie & Fitch (NYSE: ANF) was quoting at a 52 week high of $39.78 during mid-day trades on Friday, as Abercrombie & Fitch (ANF) posted a much better-than-expected quarterly profit on Friday, boosted by cost cuts. The retailer Abercrombie & Fitch (ANF) shares soared by more than 8...
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5 Mid-Cap NYSE Stocks with Highest ROA (ESI, ARO, FII, MJN, WTW)
Friday, November 13, 2009 - 1:36pm | 168Below are interesting mid-cap stocks on the NYSE with the best return on assets. ITT Educational Services Inc (NYSE: ESI) has the ROA of 45.89 and the market capitalization of $3.43 billion. Oppenheimer initiated coverage of ESI with a “perform” rating. Aeropostale Inc (NYSE: ARO) has the ROA of...
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Company News for November 13, 2009 - Corporate Summary
Friday, November 13, 2009 - 10:30am | 228• Intel (NASDAQ:INTC) agreed to pay Advanced Micro Devices (NYSE:AMD) $1.25 billion to settle a private antitrust lawsuit • Dell (NASDAQ:DELL) announced plans to enter the smartphone business, in partnership with China Mobile and Claro. Its first product, the Mini 3, will be designed around Google'...
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Benzinga’s Earnings Roundup (MBT, ANF, MFG, JCP)
Friday, November 13, 2009 - 9:02am | 183Mobile TeleSystems OJSC (ADR) (NYSE: MBT) today reported that its consolidated third-quarter net income of $494.4 million and net revenue rose to $2267.6 million, an increase of 12.1% same quarter last year due to increase in subscribers rising voice and data consumption. MBT declined 57% to $20.89...
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Abercrombie & Fitch Co. (NYSE: ANF) gains after Reports
Friday, November 13, 2009 - 8:44am | 131Abercrombie & Fitch Co. (NYSE: ANF) reported that its third-quarter net income of $38.8 million, or cents a share and net sales fell 15% to $765.4 million from $896.3 million. However, it reported net income per diluted share of 44 cents a share against 72 cents a share same quarter last year...
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Fast Money Picks For Friday 13th (POT, AMD, M, TJX)
Thursday, November 12, 2009 - 7:30pm | 123CNBC's Fast Money Karen Finerman thinks that Macy's (NYSE: M) should be bought, and Tim Seymour has once again recommended Potash (NYSE: POT). Guy Adami would short Advanced Micro Devices, Inc. (NYSE: AMD), while Pete Najarian is still a fan of TJX Companies (NYSE: TJX). Macy's (M) dropped 2.02%...
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RBC Capital Markets Reiterates Outperform Rating On URBN
Thursday, November 12, 2009 - 7:02pm | 83RBC Capital Markets reiterated its "outperform" rating" for Urban Outfitters, Inc. (NASDAQ: URBN). Its price target for URBN is $36 as RBC thinks that business is beginning to accelerate and expects the growth to remain intact with sales gains fueled by existing and new concepts. RBC Capital's...
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Retail Stocks Show Signs Of Recovery Despite Economy (WMT, XRT, M, KSS, TGT)
Thursday, November 12, 2009 - 1:36pm | 386Now that Christmas is approaching, consumer spending should start to pick-up. However, the current situation with the economy can seriously affect how much the public will spend on the holidays. Despite some companies posting higher then expected sales, the retail industry still desperately needs...
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Post Healthy Results by WMT, KSS, Retail Stocks Rise
Thursday, November 12, 2009 - 11:51am | 253Post robust results posted by Wal-Mart (NYSE: WMT), investors are showing interest in retail stocks. This is reflected in a 0.46% rise in the S&P Retail Index to 405.70. Wal-Mart Stores Inc (NYSE: WMT), the retail giant, posted a 3.2% rise in its Q3 profits, aided by inventory control and high...
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Stock Market News for November 12, 2009 - Market News
Thursday, November 12, 2009 - 10:23am | 457With no economic reports on Wednesday and bond markets closed for the Veteran’s Day, Wall Street was witness to a quiet trading session, but stocks managed to inch higher on expectations interest rates would remain at a record low for some time. Also, strong Chinese manufacturing and retail sales...
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Aeropostale upgraded at Goldman on Valuation
Thursday, November 12, 2009 - 9:20am | 77Goldman Sachs upgraded Aeropostale Inc (NYSE: ARO) from “sell” to “neutral." The six-month target price for ARO has been reduced from $41 to $34. The upgrade in rating was based on the recent sell-off in ARO’s shares. ARO had recently posted record sales for the month of October, with same store...
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Q3 Earnings at Urban Outfitters Drive Past Consensus Expectations
Thursday, November 12, 2009 - 8:57am | 85Urban Outfitters Inc (NASDAQ: URBN) posted its Q3 net profits at $62.4 million, or $0.36 per share, marginally beating the consensus estimates of $0.35 a share. URBN’s results were driven by an impressive 14% sales growth at the company’s Anthropologie chain. Urban Outfitters’ gross profit margins...
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Fast Money Guys Would Buy MPEL, RJF, HOC, TJX
Tuesday, November 10, 2009 - 8:41pm | 112CNBC's Fast Money Guys gave their picks for Wednesday. Tim Seymour would buy Melco Crown Entertainment Ltd (NASDAQ: MPEL) below $4.25, as he is tempted by the fact that MPEL fell 38% from its highs. MPEL had a bad trading session today, it dropped 6.09% and closed at $4.63. Guy Adami would buy...