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Stocks Hitting 52-Week Highs
Thursday, June 23, 2011 - 10:14am | 134New York Mortgage Trust Inc (NASDAQ: NYMT) shares rose 1.87% to create a new 52-week high of $7.63. NYMT has a dividend yield of 12.80%. MicroStrategy Incorporated (NASDAQ: MSTR) shares gained 5.79% to create a new 52-week high of $158.34. Kognitio and MicroStrategy strengthened their long-...
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Morning Market Movers
Thursday, June 23, 2011 - 9:52am | 92SGOCO Group Ltd (NASDAQ: SGOC) shares surged 14.70% to $3.20 at 9:50 am. SGOC's trailing-twelve-month ROE is 43.04%. Vitacost.com Inc (NASDAQ: VITC) jumped 10.36% to $4.58. VITC shares have dipped 56.86% over the past 52 weeks, while the S&P 500 index has gained 17.87% in the same period....
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Genesco Trading Almost 9% Higher After Announcing Acquisition of Schuh
Thursday, June 23, 2011 - 9:46am | 47Genesco (NYSE: GCO) is trading almost 9% higher after announcing the acquisition of Schuh Group for 100 million GBP. Schuh Group is a specialty retailer of casual and athletic footwear in the UK. Genesco is currently trading at $49.14, a gain of 8.86%.
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Chico's FAS, Inc. Appoints Pamela K. Knous CFO
Thursday, June 23, 2011 - 8:09am | 100Chico's FAS, Inc. (NYSE: CHS) today announced that the company's Board of Directors has appointed Pamela K. Knous to the position of Executive Vice President - Chief Financial Officer and Chief Accounting Officer. Ms. Knous assumes the principal finance, accounting, investor relations, and...
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Genesco Acquires Schuh for 100M GBP
Thursday, June 23, 2011 - 7:55am | 143Genesco (NYSE: GCO) today announced that it has acquired Schuh Group Ltd., a specialty retailer of casual and athletic footwear based in the United Kingdom. The purchase price paid at closing was 100 million pounds Sterling, subject to closing adjustments, less 29.5 million pounds outstanding under...
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Citi Reiterates Buy on Ann, Reduces PT to $34
Thursday, June 23, 2011 - 7:35am | 113Citi reiterated its Buy rating on Ann (NYSE: ANN). At the same time, Citi reduced its price target on the company's stock from $37 to $34. In a research report published today, Citi states, "We are lowering our price target to $34 from $37 but keeping our Buy rating. ANN is well positioned on...
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Piper Jaffray Reiterates Overweight and PT of $85 on Abercrombie and Fitch
Thursday, June 23, 2011 - 6:44am | 136Piper Jaffray reiterated its Overweight rating on Abercrombie and Fitch (NYSE: ANF). At the same time, the rating agency decided to leave its price target on the company's stock unchanged at $85. In a research report published today, Piper Jaffray states, "Having revisited our international A&...
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US Stock Futures Down After Fed Outlook; Jobless Claims Data In Focus
Thursday, June 23, 2011 - 6:14am | 566US stock futures are lower this morning, after the Federal Reserve lowered its outlook for US economic growth. Futures on the Dow Jones Industrial Average dipped 45 points to 11,978.00 and futures on the S&P 500 stock index fell 6.10 points to 1,273.70. Nasdaq 100 futures dropped 8.50 points to...
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Citigroup Lowers PT On ANN To $34
Thursday, June 23, 2011 - 5:54am | 26Citigroup has lowered the price target on Ann Inc. (NYSE: ANN) from $37 to $34 and maintains its Buy rating.
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Earnings Scheduled For June 23
Thursday, June 23, 2011 - 12:23am | 258Discover Financial Services (NYSE: DFS) is projected to post its Q2 EPS at $0.70 on revenue of $1.70 billion. H&R Block Inc (NYSE: HRB) is expected to report its Q4 earnings at $2.15 per share on revenue of $2.32 billion. Oracle Corp (NASDAQ: ORCL) is estimated to post its Q4 earnings at $0...
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Sterne Agee Reiterates Buy and PT of $62 on Jos A Bank Clothiers
Wednesday, June 22, 2011 - 6:02am | 162Sterne Agee reiterated its Buy rating on Jos A Bank Clothiers (NASDAQ: JOSB). at the same time, the rating agency left its price target on the company's stock unchanged at $62 after a meeting with the company's management. In a research report published today, Sterne Agee states, "Operating...
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Options Brief: The Men's Wearhouse, Inc.
Tuesday, June 21, 2011 - 1:35pm | 94Shares of The Men's Wearhouse, Inc. (NYSE: MW) are higher on the session by 2.56%, trading at $33.22. Overall put volume is now running at 2.04x the daily average, with 32% of all puts traded being purchases on the offer. 1,199 contracts have traded on the session so far. The Men's Wearhouse,...
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Finish Line Rides Favorable Product cycle, Jefferies Reports
Tuesday, June 21, 2011 - 8:13am | 85Finish Line Inc. (NASDAQ: FINL) is riding a favorable product cycle led by running and basketball sneakers, Jefferies reports. “We believe that momentum carried into 1Q where we are modeling 10% comp growth,” Jefferies writes. “A tight operating model creates a very leverageable story despite some...
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Guess? Chairman Maurice Marciano to Retire as Executive Officer at End of Fiscal Year
Monday, June 20, 2011 - 4:17pm | 72Guess?, Inc. (NYSE: GES) today announced that Maurice Marciano, the Company's co-founder and Chairman of its Board of Directors, has notified the Company of his decision to retire as an executive officer when his current employment agreement expires on January 28, 2012, the end of the Company's...
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Are These Three Retailers Just Like Greece?
Monday, June 20, 2011 - 11:12am | 510Brian Sozzi of Wall Street Strategies is out with a research note this morning on the potential economic fallout of a Greece default on the U.S. consumer, as well as the parallels of the situation in Greece to a couple of U.S.-based retailers. Sozzi says that enormous amounts of debt are prevalent...