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High-Flying Breakout Plays for 7/7
Thursday, July 7, 2011 - 12:12pm | 83Half of the trading day is already gone, but here are the setups that I like the most heading in the afternoon of trading. All seven plays are very strong, but on two of them, you will want to make sure volume picks up with the breakout. I actually got in BWS already this morning. Read more...
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Retail Sales Roundup
Thursday, July 7, 2011 - 10:40am | 423Macy's Inc (NYSE: M) reported a 6.7% rise in its June same-store sales and lifted its estimate of sales for the fiscal second quarter. Macy's total sales in June surged 7.5% to $2.39 billion from $2.23 billion. Analysts were expecting same-store sales to rise 5.1%. Macy's now projects Q2 same-store...
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Benzinga's Volume Movers
Thursday, July 7, 2011 - 10:27am | 147Hi-Tech Pharmacal Co Inc (NASDAQ: HITK) shares surged 5.30% to $30.42 at 10:24 am. The volume of HITK shares traded was 811% higher than normal. HITK reported upbeat Q4 earnings. Nova Measuring Instruments Ltd (NASDAQ: NVMI) shares moved up 5.32% to $11.09. The volume of NVMI shares traded was 332...
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TJX Reports 5% Rise In June Comparable-Store Sales; Shares Surge
Thursday, July 7, 2011 - 9:37am | 80TJX Companies Inc (NYSE: TJX) reported an 8% rise in its June sales. TJX's June sales came in at $2.1 billion. TJX's same-store sales for the same five-week period ended July 2 surged 5%. Analysts were expecting a 2.2% rise in same-store sales. TJX projects earnings of $0.81 to $0.86 per share....
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Morgan Stanley Updates 7/7
Thursday, July 7, 2011 - 9:28am | 216Morgan Stanley made a number of updates in a research report published today. Urban Outfitters Inc. (NASDAQ: URBN) had its rating upgraded from Equal-weight to Overweight. At the same time, its price target was raised from $34.00 to $36.00. On Wednesday, URBN closed the day at $30.75. Its shares...
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Wedbush Maintains Neutral on Zumiez
Thursday, July 7, 2011 - 9:26am | 95Wedbush is out with its report today on Zumiez (NASDAQ: ZUMZ), maintaining Neutral. In a note to clients, Wedbush writes, "Although we believe the company could have better pricing power given niche branded assortments and mix of hardgoods and accessories that should dent any input cost pressures...
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Biggest Pre-Market Winners and Losers
Thursday, July 7, 2011 - 9:24am | 219Winners: Target (NYSE: TGT) is up over 6.50%, trading near $51.60 after reporting positive June sales results. Amphenol (NYSE: APH) is up over 5.50%, trading near $57.40. Kohl's (NYSE: KSS) is up over 5%, trading near $54.80 after reporting positive June sales results. Apollo Group (NASDAQ:...
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UPDATE: The TJX Companies Reports June Sales; Updates Q2 EPS Guidance
Thursday, July 7, 2011 - 8:37am | 90The TJX Companies, Inc. (NYSE: TJX) today reported June 2011 sales results. Sales for the five-week period ended July 2, 2011, were $2.1 billion, up 8% over the $2.0 billion achieved during the five-week period ended July 3, 2010. For the 22-week period ended July 2, 2011, sales reached $9.1...
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Benzinga's Top Pre-Market NASDAQ Gainers
Thursday, July 7, 2011 - 8:21am | 131Nova Measuring Instruments Ltd (NASDAQ: NVMI) shares advanced 3.32% to $10.88 in the pre-market session. NVMI received multiple orders from leading edge customers for its newest Integrated Metrology system - the Nova i500. Urban Outfitters Inc (NASDAQ: URBN) shares advanced 3.09% to $31.70 in the...
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Benzinga's Top Upgrades
Thursday, July 7, 2011 - 8:08am | 139Analysts at HSBC Securities upgraded Trina Solar Limited (NYSE: TSL) from “underweight” to “overweight.” TSL's shares closed at $20.26 yesterday. Trina Solar's PEG ratio is 0.32. Analysts at UBS upgraded ASML Holding NV (NASDAQ: ASML) from “neutral” to “buy.” ASML's shares closed at $36.94...
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News Summary for July 7, 2011
Thursday, July 7, 2011 - 8:07am | 463This is your Benzinga news summary and traders' outlook for Thursday, July 7, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures and the U.S. dollar are trading slightly higher as traders wait for employment data...
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Gap Inc. Reports June Same-Store Sales +1% YoY
Thursday, July 7, 2011 - 8:03am | 217Gap Inc. (NYSE: GPS) today reported that June 2011 net sales increased 5 percent compared with last year. Net sales for the five-week period ended July 2, 2011 were $1.38 billion compared with net sales of $1.31 billion for the five-week period ended July 3, 2010. The company's comparable sales...
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Stein Mart, Inc. Reports June 2011 Comparable Store Sales +0.7% YTD
Thursday, July 7, 2011 - 8:01am | 61Stein Mart, Inc. (Nasdaq: SMRT) today reported comparable store sales for the five-week period ended July 2, 2011 decreased 1.5 percent. Total sales for the period were $104.5 million, a decrease of 2.5 percent from $107.2 million in the same period in 2010. For the year to date, comparable store...
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A Peek Into The Market Before The Trading Starts
Thursday, July 7, 2011 - 7:23am | 369Pre-open movers US stock futures are higher this morning, as investors are awaiting same-store sales from retailers, employment data and an interest-rate decision from the ECB. Futures on the Dow Jones Industrial Average surged 29 points to 12,598.00 and futures on the S&P 500 stock index rose...
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Limited Brands Reports 12% Surge In June Same-Store Sales
Thursday, July 7, 2011 - 7:15am | 64Limited Brands Inc (NYSE: LTD) reported a 12% jump in its June same-store sales. The retailer's total sales also surged 12% to $1.08 billion from $965.4 million. Analysts were expecting a rise of 3.8% for same-store sales in June. LTD shares gained 0.08% to close at $39.31 yesterday. Read more...