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Wedbush Lowers PT On Talbots To $4
Wednesday, June 8, 2011 - 6:47am | 26Wedbush Securities has lowered the price target on Talbots (NYSE: TLB) from $7 to $4 and maintains its Outperform rating.
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US Stock Futures Signal Lower Start On Wall Street
Wednesday, June 8, 2011 - 6:17am | 494US stock futures are lower this morning after Federal Reserve Chairman Ben Bernanke's speech. Investors are awaiting the Fed's recent summary of regional conditions. Futures on the Dow Jones Industrial Average dropped 32 points to 12,040.00 and futures on the S&P 500 stock index fell 3.90...
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Earnings Scheduled For June 8
Wednesday, June 8, 2011 - 1:46am | 288Pall Corporation (NYSE: PLL) is projected to report its FQ3 EPS at $0.71 on revenue of $667.50 million. Cantel Medical Corp (NYSE: CMN) is expected to report its Q3 EPS at $0.31 on revenue of $76.17 million. Men's Wearhouse Inc (NYSE: MW) is estimated to report its Q1 EPS at $0.49 on revenue of...
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Stocks To Watch For June 8
Wednesday, June 8, 2011 - 1:03am | 280Some of the stocks that may grab investor focus today are: Wall Street expects Men's Wearhouse Inc (NYSE: MW) to report its Q1 EPS at $0.49 on revenue of $577.28 million. MW shares gained 0.13% to $30.85 in after-hours trading. Hovnanian Enterprises Inc (NYSE: HOV) reported its second-quarter...
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Top Percentage Gainers and Losers as of 2pm 06/07/11
Tuesday, June 7, 2011 - 2:27pm | 642Best 1) Temple-Inland (NYSE: TIN): Trading up 41.3% from yesterday's close to $29.67. International Paper put in a bid to acquire Temple-Inland for $30.60 per share. Temple's board rejected the deal, saying that the bid undervalued the company. 2) Westinghouse Solar (NASDAQ: WEST): Trading up 28...
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Top Percentage Gainers and Losers as of 12pm 06/07/11
Tuesday, June 7, 2011 - 12:00pm | 515Best 1) Temple-Inland (NYSE: TIN): Trading up 39.8% from yesterday's close to $29.37. International Paper (NYSE: IP) put in a bid to acquire Temple-Inland for $30.60 per share. Temple's board rejected the deal, saying that the bid undervalued the company. 2) Westinghouse Solar (NASDAQ: WEST):...
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Retail On The Move
Tuesday, June 7, 2011 - 10:21am | 184This morning, the retail sector is showing early strength. The Retail Holders Trust(NYSE: RTH) is trading higher by $1.21 to $106.46 a share. When the retail sector shows intra-day strength it is usually a sign that the major stock indexes will hold up for the day. Over the past week, the retail...
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Stocks Hitting 52-Week Highs
Tuesday, June 7, 2011 - 10:19am | 154Syms Corp (NASDAQ: SYMS) shares rose 1.47% to create a new 52-week high of $11.04. SYMS shares have jumped 55.43% over the past 52 weeks, while the S&P 500 index has gained 22.44% in the same period. Alto Palermo SA (NASDAQ: APSA) shares gained 21.34% to create a new 52-week high of $24.51....
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Morning Market Losers
Tuesday, June 7, 2011 - 9:57am | 109The Talbots Inc (NYSE: TLB) shares moved down 31.90% to $3.01 at 9:55 am. TLB swung to Q1 profit, but reported that Q2 sales are weak. First Financial Service Corporation (NASDAQ: FFKY) dipped 19.21% to $2.86. FFKY's trailing-twelve-month profit margin is -50.19%. Pep Boys-Manny, Moe & Jack...
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Earnings Preview for Men's Wearhouse
Tuesday, June 7, 2011 - 9:37am | 341Men's Wearhouse (NYSE: MW) is scheduled to report first-quarter fiscal 2011 results after the markets close on Wednesday, June 8. Investors will be watching to see whether the company lives up to its optimistic guidance, which bumped the stock up about 10% in early May. Analysts anticipate that...
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Earnings Roundup For June 7
Tuesday, June 7, 2011 - 9:32am | 635Navistar International Corp (NYSE: NAV) reported a 72% rise in its fiscal second-quarter profit on Tuesday. Navistar reported its quarterly profit at $74 million, or $0.93 per share, up from $43 million, or $0.60 per share, in the year-earlier period. Its revenue for the quarter surged 22% to $3.36...
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Deutsche Bank Comments on the Apparel Sector
Tuesday, June 7, 2011 - 8:57am | 104Despite risks from a “weak consumer, merchandise margin pressure, and prospects for increased promotions at the department and specialty stores, we continue to believe that the off-price sector is well positioned for 2H,” Deutsche Bank reports. “Specifically, off-price names retailers should...
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UPDATE: Talbots Swings To First-Quarter Profit
Tuesday, June 7, 2011 - 7:50am | 221The Talbots Inc (NYSE: TLB) released its results for the first- quarter on Tuesday. Talbots reported its quarterly income from continuing operations at $0.9 million, or $0.01 per share, versus last year's loss from continuing operations of $7.1 million, or $0.12 per share. Its adjusted quarterly...
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US Stock Futures Up As Investors Await Bernanke Speech
Tuesday, June 7, 2011 - 6:26am | 587US stock futures are higher this morning, as investors are awaiting a speech by Federal Reserve Chairman Ben Bernanke. Futures on the Dow Jones Industrial Average surged 52 points to 12,139.00 and futures on the S&P 500 stock index rose 6.80 points to 1,291.80. Nasdaq 100 futures gained 9.25...
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GE and Partners Secure Financing For 800 MW Thermal Plant in Riverside County
Tuesday, June 7, 2011 - 4:40am | 52GE Energy Financial Services, Competitive Power Ventures, Inc. (CPV) and Diamond Generation Corporation (DGC) announced that they secured financing for an 800 megawatt (MW) thermal power plant in Riverside County, California. The three companies are co-owners of the Sentinel Facility, a $2 billion...