-
Sears Holdings Announces Pricing of $1B Senior Secured Notes Offering
Thursday, September 30, 2010 - 3:25pm | 144Sears Holdings Corporation (Nasdaq: SHLD) announced today that it has agreed to sell in a private placement $1 billion of 6⅝% senior secured notes due 2018. Concurrent with the closing of the sale of the Notes described above, the Company will sell $250 million aggregate principal amount of Notes...
-
J.C Penney Gets Its Mojo Back
Thursday, September 30, 2010 - 9:17am | 225Though it's been almost 2 years since J.C Penney (NYSE: JCP) outperformed both Macy's (NYSE: M) and Kohl's (NYSE: KSS) on a monthly comp print, but J.P. Morgan believes that's likely to transpire when comps are reported next week. The company is beginning to see a sales benefit from a number of...
-
Wednesday's Put/Call Ratio Leaders (NVS, DTV, JWN, CIM, MOT)
Wednesday, September 29, 2010 - 12:52pm | 105Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Novartis AG (NYSE: NVS) 4,360 puts, 134 calls 2. DIRECTV (NYSEL DTV) 8,061 puts, 263 calls 3. Nordstrom Inc. (NYSE: JWN) 3,027 puts, 225 calls 4. Chimera Investment Corp. (NYSE: CIM)...
-
Benzinga's Political Round Up
Wednesday, September 29, 2010 - 12:08pm | 202AIG (NYSE: AIG) is in talks with the U.S. government to pare its stake in the insurer, as it looks to pay back the monies it received during the 2008 financial crisis. The CBO said extending the Bush tax cuts could be potentially fatal to the economy in the long run if they are extended permanently...
-
The Bon-Ton Stores, Inc. Announces Agreement with Casual Male
Tuesday, September 28, 2010 - 4:04pm | 203The Bon-Ton Stores, Inc. (NASDAQ: BONT) today announced the signing of an agreement with Casual Male Retail Group, Inc. (NASDAQ: CMRG) to provide men's big and tall apparel to Bon-Ton customers through Bon-Ton's eCommerce website and, beginning in the spring of 2011, certain Bon-Ton stores. The...
-
Does the Dow Have Caterpillar Inc. (NYSE:CAT) to Thank?
Tuesday, September 28, 2010 - 1:38pm | 1852I mentioned the need for infrastructure in this country a couple weeks ago. One of the companies that could potentially benefit from this would be ole' CAT tractor … Caterpillar Inc. (NYSE:CAT). Caterpillar, the agriculture and construction machinery giant, maker of everything from pavers to...
-
JCPenney Announces New Store Openings (JCP)
Tuesday, September 28, 2010 - 11:01am | 167J. C. Penney Company, Inc. (NYSE: JCP) announced today that it is expanding its presence in major markets which are currently underserved by the Company and offer great potential for expansion due to their demographic profiles. This initiative is a key component of JCPenney's Long Range Plan, which...
-
A Peek Into The Market Before The Trading Starts
Tuesday, September 28, 2010 - 8:53am | 475Pre-open movers US stock futures moved up slightly, with investors eagerly awaiting data on house prices and consumer confidence. Futures on the Dow Jones Industrial Average rose 33 points to 10,783. S&P 500 futures added 0.50 points to 1,138.20, while Nasdaq 100 futures gained 7 points to 2,...
-
Sears Holdings Announces $500M Private Offering
Tuesday, September 28, 2010 - 7:55am | 112Sears Holdings Corporation (Nasdaq: SHLD) announced today that it plans to privately offer $500 million aggregate principal amount of senior secured notes due 2018. Concurrent with the closing of the proposed sale of the Notes described above, it is expected that the Company will offer $165...
-
Spotlight on Milwaukee: Kohl's, Harley-Davidson, Manpower (KSS, HOG, MAN)
Monday, September 27, 2010 - 2:20pm | 340At Benzinga, we like to point readers toward unique investing ideas. Today, we're highlighting an American city that is the home to a number of strong companies: Milwaukee, Wisconsin. Known for its brewing and manufacturing roots, Milwaukee is a city rich in culture, history, and business. While...
-
10 Hated Stocks Loved by Value-Guru Berkowitz
Monday, September 27, 2010 - 8:53am | 484BOSTON (TheStreet) -- Bruce Berkowitz, Morningstar's U.S. stock manager of 2009, has half of his mutual fund's assets in what he calls "hated financial-services and real-estate-related companies." A value-stock disciple, Berkowitz is greedy when others are fearful. The investor runs Fairholme...
-
Stocks Going Ex Dividend the First Week of October
Sunday, September 26, 2010 - 12:28am | 742Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
-
Target Marks The Spot Today
Friday, September 24, 2010 - 2:21pm | 124Shares of Target (NYSE: TGT) are sharply higher today, outperforming the broader markets, despite weaker volume. Target is far outperforming Wal-Mart (NYSE: WMT) today , as well as other retailers such as Macys (NYSE: M), and BJ's Wholesale (NYSE: BJ), indicating money may be starting to flow into...
-
Call Spreads Active in the CBOE SPX Volatility Index (VIX)
Thursday, September 23, 2010 - 9:29am | 1615I'd like to share a quick update on a large eight-part options trade we saw in the CBOE SPX Volatility Index (VIX) yesterday. A trader appears to have bought to close 23,000 October 24/26 call spreads (buying the 24 calls and selling the 26 calls) for a net debit of 60 cents. Looking at...
-
Macy's Is Hiring. Is Anyone Else?
Thursday, September 23, 2010 - 8:52am | 81Macy's (NYSE: M) announced it would be hiring 65,000 seasonal workers, slightly higher than first anticipated. This comes as Macy's has seen an expected rise of 3% to 3.5% in same-store sales in the second half of fiscal 2010. Macy's plans to hire the seasonal workers and place them in its stores...