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This is your Benzinga news summary and traders' outlook for Tuesday, August 30, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading lower. At last check, S&P futures are down by about 5 points or (0.43...

Piper Jaffray is out with its report today on Zumiez (NASDAQ: ZUMZ), reiterating Overweight. In its report, Piper Jaffray writes, "We reiterate our Overweight rating on shares of ZUMZ as we head into its Q2 earnings report slated for 8/31, after the market close. As it relates to Q2, we are...

Bank of America Merrill Lynch is out with a research report on Gymboree (NASDAQ: GYMB) and is downgrading shares to Underweight. In a note to clients, Bank of America Merrill Lynch writes, "Gymboree reported 2Q11 Adjusted EBITDA that declined 23% year-over-year, to $25 million, which was in line...

Pre-open movers US stock futures are lower this morning, as investors are awaiting consumer confidence data and the minutes of the recent Federal Open Market Committee. Futures for the Dow Jones Industrial Average dipped 49 points to 11,468.00 and S&P 500 index futures fell 6.30 points to 1,201...

Bank of America has downgraded Gymboree (NASDAQ: GYMB) from Overweight to Underweight.

Citigroup has downgraded American Eagle Outfitters (NYSE: AEO) from Buy to Hold and maintains its $12 price target.

Barnes & Noble Inc (NYSE: BKS) is expected to report a FQ1 loss at $0.94 per share. Dollar General Corporation (NYSE: DG) is estimated to report its Q2 EPS at $0.48 on sales of $3.54 billion. The Bank Of Nova Scotia (NYSE: BNS) is projected to report its Q3 EPS at $1.13 on revenue of $4.33...

Stifel Nicolaus is out with its report today on Nike (NYSE: NKE), maintaining Buy. In its report, Stifel Nicolaus writes, "U.S. Back-to-school checks show Nike remains on top of its footwear game. Our in-store and phone checks with over 100 US retail locations (DKS (NYSE: DKS), TSA, FL (NYSE: FL...

Donaldson Co Inc (NYSE: DCI) reported better-than-expected quarterly results. Donaldson reported its quarterly earnings at $65.8 million, or $0.84 per share, up from $51.2 million, or $0.65 per share, in the year-ago period. Its revenue surged 21% to $625 million. Its engine product sales climbed...

Wedbush Securities has published a research report on Zumiez (NASDAQ: ZUMZ) in anticipation of the company's reporting of August comps, which are expected to be consistent with consensus estimates. In the report, Wedbush writes, "With modest traffic and conversion trends driven by promotions on...

LDK Solar Co Ltd (NYSE: LDK) swung to a second-quarter net loss on Monday. LDK Solar posted a quarterly net loss at $87.7 million, or $0.62 per American Depository Shares (ADS), versus a net income of $45 million, or $0.36 per ADS, in the year-ago period. Its net sales dropped 12% to $499.4...

Wedbush Securities has published a research report on The Gap (NYSE: GPS) after the company witnessed a slowdown in July traffic. In the report, Wedbush writes, "[O]ur checks indicate continued weakness as we look for August comps of (3-5)%, inline with consensus estimates of (4.1)% and July's...

Wedbush Securities has lowered the price target on Zumiez (NASDAQ: ZUMZ) from $25 to $21 and maintains its Neutral rating.

Each month I update a fundamental/technical screen at Scott's Investments and track the results real-time. July's list of 18 stocks is here and the top 10 rated stocks returned an average of  -6.54versus -11.03% for SPY. The entire list of stocks last month returned an average of -9.94%. The...

Shares of Collective Brands (NYSE: PSS) are higher on the session by 5.00%, currently trading at $12.80. The stock has been moving largely higher over the past two days and is currently trading above the 50-day moving average. Options traders are focusing on calls today. A short while ago the...