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Mad Money Lightning Round: Cramer Likes Union Pacific, Prefers BP Prudhoe Bay Royalty Trust And Permian Basin Royalty Trust to Penn West Energy Trust (SHLD, HD, UNP, PBR, PWE, BPT, PBT, HRB, INTU, GMCR, CBOE, DD)
Monday, October 11, 2010 - 5:04am | 381On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he considers Sears Holdings (NASDAQ: SHLD) as an “interesting speculation.” He considers Home Depot (NYSE: HD) as his favorite stock in the industry. He believes that Union Pacific (NYSE: UNP) has the “most upside of any railroad...
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Retailers May Be Near A Top
Friday, October 8, 2010 - 1:30pm | 321Retail stocks have seen a mega surge in the past month on the back of hopes a domestic recovery is well underway. Fears of a double dip recession are a distant memory and back to school sales were solid. Just yesterday, retail sales were reported by many retailers with positive news across the...
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What's Hot On TheStreet
Friday, October 8, 2010 - 11:39am | 233Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Bill Ackman Buys Stake in J.C. Penney Bill Ackman's hedge fund Pershing Square Capital Management has bought a significant stake in J.C. Penney (NYSE: JCP), according to the latest filing with the Securities and...
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Nordstrom Inc Printed SSS Of 7.5% Above Expectations
Friday, October 8, 2010 - 11:25am | 133Nordstrom Inc. (NYSE: JWN) posted SSS of 7.5% much above consensus expectations of 4.3%. In a research report Stern Agee writes, "Categories and regional strength remain consistent with trends. Strong performing categories in September were jewelry, women's shoes and men's clothing. Regionally the...
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Friday's Mid-day Options Volume Leaders (AAPL, AA, C, JCP, ADBE)
Friday, October 8, 2010 - 11:20am | 113The overall market is hovering around the flat line today as traders digest the jobs report as QE2 expectations; currently, the S&P 500 (CBOE: SPX) is trading at $1,161.24, higher by 3.20 points. Here are your mid-day options volume leaders… 1. Apple Inc. (NASDAQ: AAPL) 118,774 contracts, 60.1...
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Bill Ackman Takes 16% Stake In J.C. Penney (JCP)
Friday, October 8, 2010 - 11:17am | 120Shares of J.C. Penney (NYSE: JCP) have moved 4.71% higher to $33.13 after Bill Ackman's hedge fund, Pershing Square Capital, filed a 13D with the Securities & Exchange Commission saying that the firm has taken a 16.8% stake in the company. Ackman and his firm, “expect to engage in discussions...
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Afternoon Market Update (FFIV, JCP, AIB)
Friday, October 8, 2010 - 11:11am | 229Shares of F5 Networks Inc (NASDAQ: FFIV) lost about 6% after the analysts at Goldman Sachs downgraded the company from “neutral” to “sell.” Shares of FFIV have jumped 86.86% so far this year. Goldman Sachs said, "Our analysis suggests that almost 85% of F5 Network's growth has been driven by the...
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Top Narrow Based Indexes For October 8 (IPI, CAGC, JCP)
Friday, October 8, 2010 - 10:44am | 214By 10:40 am, the Dow Jones Industrial Average was up 5.07 points, or 0.05%, to 10,953.65, while the broader Standard & Poor's 500 index had lost 0.17 points, or 0.01%. The NASDAQ composite index fell 9.28 points, or 0.39%. Some of the narrow based indexes that are supporting the market are...
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J.C. Penney On A Bullish Run Despite Downgrades.
Friday, October 8, 2010 - 10:06am | 41J.C. Penney Company, Inc (NYSE: JCP) stock is up over $13 a share in the past month despite Goldman Sacs analyst Downgrades. JCP is currently trading up 6% on the session at $33.68 a share.
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Ackman In Big On J.C. Penney (JCP)
Friday, October 8, 2010 - 9:43am | 63Activist investor Bill Ackman, of Pershing Square Capital filed a 13D with the SEC that shows he own a 16.5% stake in J.C. Penney Company, Inc. (NYSE: JCP). Yesterday, the credit default swaps on JCP surged, suggesting someone knew about the disclosure coming out today from Ackman. Shares of JCP...
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Small Caps Taking a Hit 10-07-2010
Thursday, October 7, 2010 - 4:19pm | 873Cusick's Corner We are seeing some weakness in the indices going into the Midday, and the catalyst looks to be the Small Caps which started to take a hit yesterday and continues today. While I am not one to advocate a trend, the trend at this stage is clearly still bullish going into this earnings...
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September Same Store Sales Mostly Positive
Thursday, October 7, 2010 - 9:38am | 111September same-store-sales were mostly positive, with nearly all of the major retailers reporting better than expected numbers. A few companies, like Target (NYSE: TGT), and Ross Stores (NASDAQ: ROST) missed expectations, but that was overcome by the better than expected numbers from stores like...
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Kohl's Posts 3% Increase In September Same-Store Sales
Thursday, October 7, 2010 - 9:22am | 58Kohl's Corp (NYSE: KSS) reported a 3% rise in its September same-store sales. However, analysts expected an increase of 3.3% in same-store sales. The company's total sales increased 5.3% y/y. KSS shares fell 0.13% to $53.00 in after-hours trading. Read more from Benzinga's Company news.
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J.C. Penney Provides Q3 Outlook
Thursday, October 7, 2010 - 8:46am | 51J.C. Penney (NYSE: JCP) announced that due to the continuation of a highly competitive promotional environment and ongoing volatility with regard to consumer discretionary spending, the Company continues to expect third quarter earnings to be in the range of $0.16 to $0.20 per share.
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JCPenney Reports September Sales up 5.1%
Thursday, October 7, 2010 - 8:31am | 119J. C. Penney Company, Inc. (NYSE: JCP) comparable store sales increased 5.1 percent for the five-week period ended Oct. 2, 2010, ahead of the Company's expectations. Total Company sales in September increased 2.9 percent. Overall, men's apparel was the top performing division for the month,...