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Market Perspective & Perception 04-21-2011
Thursday, April 21, 2011 - 6:08pm | 918Cusick's Corner I had a great conversation with my dad this afternoon about Perspective & Perception and why it would be a great topic for a Corner -- so here I go. Perspective is how things appear, the reality. What we know is that earnings have been solid, economic data mixed and global...
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Calls Purchased on The Children's Place Retail Stores (PLCE)
Thursday, April 21, 2011 - 1:00pm | 142Shares of The Children's Place Retail Stores (NASDAQ: PLCE) are lower on the session by 0.29%, currently trading at $54.41. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on...
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Puts Purchased on Collective Brands, Inc. (PSS)
Thursday, April 21, 2011 - 11:18am | 130Shares of Collective Brands, Inc. (NYSE: PSS) are lower on the session by 1.21%, currently trading at $22.09. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today...
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Pacific Sunwear Announces Michael Kaplan Hired as Senior Vice President and Chief Financial Officer
Wednesday, April 20, 2011 - 4:24pm | 52Pacific Sunwear of California, Inc. (Nasdaq: PSUN) today announced that Michael Kaplan will join the Company as Senior Vice President and Chief Financial Officer, effective May 2, 2011. He will be replacing Mike Henry who became interim CFO in November 2007 and was named CFO in January 2008.
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Finish Line Declares Quarterly Cash Dividend Of $0.05
Wednesday, April 20, 2011 - 1:06pm | 53The Finish Line (NASDAQ: FINL) announced today that its board of directors has declared a quarterly cash dividend of $0.05 per share of outstanding Class A and Class B common stock. The quarterly cash dividend will be payable June 13, 2011 to shareholders of record as of May 27, 2011.
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Sterne Agee Ups CACH To Buy
Wednesday, April 20, 2011 - 6:53am | 48Analysts at Sterne Agee upgrade Cache Inc (NASDAQ: CACH) from “neutral” to “buy.” The target price for CACH is set to $7. CACH shares gained 4.21% to close at $4.95 yesterday. More Analyst Ratings here
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Gap Inc. Combines International Operations into One Division
Tuesday, April 19, 2011 - 10:01am | 37As part of Gap Inc.'s (NYSE: GPS) global growth strategy, the company today announced that it will combine its International operations into one division, run out of London.
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Goldman Sachs Moves CHS To Neutral
Tuesday, April 19, 2011 - 9:13am | 45Goldman Sachs is moving Chico's FAS Inc. (NYSE: CHS) to Neutral “Neutral as the combination of less bad results and perceived future growth likely prevents major downside and creates further upside risk.” Chico's FAS closed Monday at $14.70.
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Ethical Clothing Companies That Would Make Angelina Jolie Proud (ADDYY, GPS, TBL, TGT)
Tuesday, April 19, 2011 - 8:34am | 750The clothing industry has seen a number of human rights violations in recent history, especially related to underpaying workers in the developing world. If you have high ethical standards, in-line with the social platform of superstar Angelina Jolie, which clothing brands should you buy? Below is a...
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Piper Jaffray Reiterates Overweight Rating On Guess?
Tuesday, April 19, 2011 - 7:45am | 134According to Piper Jaffray, Guess? (NYSE: GES) Overweight rating is reiterated. Piper Jaffray reported that it is reiterating its Overweight rating and $48 price target following meetings and store visits in China and South Korea with members of Guess' mgmt team. “We expect FY12 to be a year of...
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Piper Jaffray Reports Tourism Remains An Issue For Abercrombie & Fitch
Tuesday, April 19, 2011 - 7:35am | 168According to Piper Jaffray, tourism remains an issue for Abercrombie & Fitch (NYSE: ANF). Piper Jaffray reported that it recently visited ANF's Tokyo flagship in the Ginza district; business operations are returning to normal and the domestic customer is back in the store. “Even before the...
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Piper Jaffray Adjusting Estimates On Gap
Tuesday, April 19, 2011 - 7:28am | 155According to Piper Jaffray, Gap (NYSE: GPS) estimates are adjusted for Japan and Domestic. Piper Jaffray reported that, following its management-led tour of Gap's two new Shanghai flagships, it reiterates its OW rating and believe the company's foray into China is surpassing internal expectations...
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Pound, Aussie, and Swissy Trading Signals on the Speculative Sentiment Index Were Correct
Monday, April 18, 2011 - 9:55am | 1661The Speculative Sentiment Index signals proved correct for the Swiss franc, British pound, and Australian dollar against the US dollar on April 14. The Speculative Sentiment Index (SSI) is an innovative way to analyze forex market sentiment. It can be used by traders, analysts, and currency...
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Benzinga's Top Downgrades (KFT, INFY, BBY, GPS)
Monday, April 18, 2011 - 8:26am | 140Kraft Foods Inc (NYSE: KFT) was downgraded by Morgan Stanley from "overweight" to "equal weight." KFT's shares closed at $33.36 on Friday. Kraft Foods' trailing-twelve-month ROE is 8.06%. Credit Suisse downgraded Infosys Technologies Limited (NASDAQ: INFY) from “outperform” to “neutral.” INFY's...
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The Gap Down Sharply On Goldman Downgrade (GPS)
Monday, April 18, 2011 - 8:26am | 56The Gap Inc. (NYSE: GPS) shares are down sharply this morning, down nearly 5%, as the company was downgraded at Goldman Sachs, and potentially another firm. The other downgrade has not been confirmed yet. At last check, shares of Gap were off $1.05 to $21.42, a loss of 4.67% in pre-market trading.