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FOMC Minutes Optimistic 02-16-2011
Wednesday, February 16, 2011 - 7:43pm | 902Cusick's Corner The S&P 500 has now doubled its value from two years ago and the tone of the overall market remains upbeat. Corporate earnings are staying positive. The FOMC Minutes that were released today sounded more optimistic about the nation's recovery; however they were not satisfied...
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J.Crew Group, Inc. Announces Expiration of 'Go Shop' Period
Wednesday, February 16, 2011 - 5:12pm | 187J.Crew Group, Inc. (NYSE: JCG) today announced the expiration of the 85 day "go shop" period pursuant to the terms of the previously announced merger agreement dated as of November 23, 2010, as amended on January 18, 2011, between the Company and affiliates of TPG Capital, L.P. and Leonard Green...
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Calls Purchased on Chico's FAS (CHS)
Wednesday, February 16, 2011 - 11:56am | 138Shares of Chico's FAS (NYSE: CHS) are higher on the session by 4.32%, currently trading at $12.56. 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 calls on the name today. A short...
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Abercrombie & Fitch Reports Q4 EPS of $1.38 vs. $1.32
Wednesday, February 16, 2011 - 9:52am | 114Abercrombie & Fitch Co. (NYSE: ANF) earlier today reported unaudited results which reflected net income of $92.6 million and net income per diluted share of $1.03 for the thirteen weeks ended January 29, 2011, compared to a net income of $47.5 million and net income per diluted share of $0.53...
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UPDATE: Citi Upgrades Gap To Hold, Raises PT To $25
Wednesday, February 16, 2011 - 9:24am | 206Citi is upgrading Gap (NYSE: GPS) to a Hold from Sell and raising its price target from $18 to $25. Eddie Lampert's 5.8% stake, revealed late Monday, does not erase Citi's concerns about Gap's leverage to rising input costs over 2011/2012, but it does raise prospects for a more transformative way...
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Citigroup Upgrades Gap Inc. To Hold, PT To $25
Wednesday, February 16, 2011 - 7:43am | 28Citigroup has upgraded The Gap Inc. (NYSE: GPS) from Sell to Hold and has raised the price target from $18 to $25.
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US Stock Futures Up Ahead Of Producer Price Data, FOMC Minutes; Dell Reports Upbeat Earnings
Wednesday, February 16, 2011 - 7:30am | 458US stock futures are higher this morning, as Sanofi-Aventis SA (NYSE: SNY) agreed to purchase Genzyme Corp (NASDAQ: GENZ). Dell Inc (NASDAQ: DELL) reported upbeat quarterly earnings. Futures on the Dow Jones Industrial Average gained 30 points to 12,232.00 and S&P 500 futures rose 4.20 points...
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Earnings Scheduled For February 16 (CMCSA, GENZ, DVN, DE, ANF, DF, NTAP, FE. CBS, CVC, NVDA, KGC)
Wednesday, February 16, 2011 - 4:26am | 311Comcast (NASDAQ: CMCSA) is expected to post its Q4 EPS at $0.32 on revenue of $9.58 billion. Genzyme Corp (NASDAQ: GENZ) is projected to report its Q4 EPS at $0.86 on revenue of $1.17 billion. Devon Energy Corp (NYSE: DVN) is estimated to post its Q4 EPS at $1.41 on revenue of $2.37 billion....
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Fast Money Pops & Drops, February 15th (MAS, GPS, X, CMG)
Tuesday, February 15, 2011 - 8:49pm | 243On CNBC's Fast Money Pops & Drops, Jon Najarian said that he would stay away from Masco Corporation (NYSE: MAS). He explained that the recovery in housing hasn't yet come, and Masco Corporation (MAS) is losing a lot of money. Masco Corporation (MAS) fell 9.23% in the regular trading session,...
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Narrow Trading Range 02-15-2011
Tuesday, February 15, 2011 - 7:29pm | 926Cusick's Corner The activity was tight today, as a matter of fact from a trading perspective it was a nothing day. The weakness in Crude continued. The Small Caps also showed some weakness on the close, while the market in general held critical levels of 1324 on the SPX. One market that I have...
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S&Ps Continue to Challenge 2-Year Highs 02-15-2011
Tuesday, February 15, 2011 - 3:49pm | 932Cusick's Corner There's not much commentary to add, the market is long and there has not been a move to the upside that would be considered the pop that we have been looking for the last few weeks. We see that the S&Ps continue to challenge 2 year highs, just below a 100% retracement of the ‘...
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Gap Rises 6% On Eddie Lampert Stake (GPS, SHLD)
Tuesday, February 15, 2011 - 1:56pm | 75In his latest 13-F filing, billionaire hedge fund manager and Chairman of Sears Holdings (NASDAQ: SHLD) Eddie Lampert, disclosed a 5% stake in The Gap (NYSE: GPS). On the back of this disclosure, GPS shares have soared more than 6% and are trading at $22.80. The stock's valuation looks very...
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UPDATE: Oppenheimer Color On ANF Forecast
Tuesday, February 15, 2011 - 10:38am | 131Oppenheimer, which raised its PT on shares of Abercrombie & Fitch Co. (NYSE: ANF), is providing some color on the company's forthcoming FY4Q10 and FY10 results. “ANF is scheduled to release FY4Q10 and FY10 results on Wednesday, February 16th,” Oppenheimer writes. “We are forecasting FY4QE EPS...
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PRE-MARKET MOVERS (KOG),(VG),(GPS),(SPPI),(LPH),(EXK),(PZG)
Tuesday, February 15, 2011 - 10:27am | 58PRE-MARKET MOVERS (KOG),(VG),(GPS),(SPPI),(LPH),(EXK),(PZG)...
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Oppenheimer Raises PT on Abercrombie & Fitch to $60 (ANF)
Tuesday, February 15, 2011 - 8:40am | 108Oppenheimer is out with its report today on Abercrombie & Fitch (NYSE: ANF), raising its PT from $54 to $60. In a note to clients, Oppenheimer writes, "We are forecasting FY4QE EPS of $1.30, which is in line with consensus and compares to $0.91 in the year-ago period. We believe expectations...