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Piper Jaffray's Retail September SSS Preview
Thursday, September 23, 2010 - 8:45am | 168Piper Jaffray writes on the September retail preview: "More than halfway through the month of September, women's specialty comps trending strongest, mass avg and teen lowest: Our PJC comp store index is forecasted to increase +1.4% in September, following a +2.9% increase in August, and a +2.9%...
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Options Update: Freeport McMoRan Volatility Flat As Shares Rally
Thursday, September 23, 2010 - 7:17am | 71Freeport McMoRan (NYSE: FCX) closed up $1.52 to $84.51. Copper prices closed up 2.54% according to Bloomberg. Overall option implied volatility of 40 is near its 26-week average of 43 according to Track Data, suggesting non-directional price movement. Sears Holding Corporation (Nasdaq: SHLD)...
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Earnings Miss 09-22-2010
Wednesday, September 22, 2010 - 7:00pm | 855Cusick's Corner The grind continued into the After Hours. Many market watchers are reviewing Adobe's earnings and whether their earnings miss becomes a pattern, thereby potentially forcing other companies to issue warnings. From an options perspective, players are taking advantage of volatility...
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Three Sectors That Have Stalled 09-22-2010
Wednesday, September 22, 2010 - 2:31pm | 849Cusick's Corner The market has pulled back into the Midday on the heels of an impressive 8-10% run up over the last 11 sessions in multiple indices. With the Fed not throwing in any surprises like QE, the market has now stalled in 3 offensive sectors -- Finance (XLF), Energy (XLE), and Housing (XHB...
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Luxury Retailer Going Public Next Year
Wednesday, September 22, 2010 - 10:16am | 196An article from Reuters points out that Restoration Hardware is going public next year, just a couple of years after it was purchased by a group of private equity firms. Private equity firms Catterton Partners and Tower Three Partners LLC, along with the company's CEO Gary Friedman, purchased a...
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America's Biggest Companies, Then and Now (1955 to 2010)
Tuesday, September 21, 2010 - 8:16am | 440Today's corporate America is dominated by service companies, tech firms, and huge retailers which have thousands of locations and hundreds of thousands of workers. At the end of the decade following WWII, corporate America looked very different from it does now. Fifty five years ago, most of the...
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Large-Scale Put Sale in Walgreen Company (NYSE:WAG)
Monday, September 20, 2010 - 1:41pm | 1672It appears that an institutional options trader has placed a limited-bullish bet on shares of Walgreen Company (NYSE: WAG) today. The trading weapon of choice is front-month, out-of-the-money puts. The October 27 put has seen 35,000 contracts change hands today, compared to open interest of just...
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Macy's to Extend Warehouse Center - Analyst Blog
Friday, September 17, 2010 - 10:33am | 369With online sales gaining faster traction than traditional sales, Macy's Inc. (M), one of the leading department store retailers in the United States, felt the need to extend its warehouse center near Portland in Robertson County, Tennessee, to better serve the increasing online orders. Online...
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What Buffett Selling Moody's (NYSE:MCO) Shares Could Mean For Option Traders
Friday, September 17, 2010 - 8:40am | 2047Although Warren Buffet is a “huge bull” toward the U.S. economy, there are names within the market that he's not as optimistic about. Buffett's company, Berkshire Hathaway, filed to sell 1.3 million shares of Moody's Investor Service (NYSE:MCO) earlier this week. Throughout the year, Berkshire has...
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Zacks Bull and Bear of the Day Highlights: Arrow Electronics, J.C. Penney, Garmin, Google and Apple - Press Releases
Friday, September 17, 2010 - 7:36am | 1603For Immediate Release Chicago, IL – September 16, 2010 – Zacks Equity Research highlights: Arrow Electronics Inc. (ARW) as the Bull of the Day and J.C. Penney (JCP) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Garmin (GRMN), Google (GOOG) and Apple (AAPL). Full...
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Two Top Selections for Contrarian Investors
Thursday, September 16, 2010 - 10:05am | 909Certain industries or groups, at times, get hit hard providing venturesome contrarian investors opportunities to earn outsized profits. Contrary investors with the courage and conviction to get into automotive and retailing shares at the depth of the Great Recession have made it out like a bandit....
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Stock Market News for September 15, 2010 - Market News
Thursday, September 16, 2010 - 7:33am | 935The recent rally in stocks came to a halt on Tuesday as mixed economic data failed to lift investors' sentiments. The blue-chip Dow industrials and the broader Standard & Poor's 500-stock index dropped for the first time in five days even as the Commerce Department noted retail sales rose at...
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J.C. Penney Co., Inc. (JCP) - Bear of the Day
Thursday, September 16, 2010 - 2:03am | 176We believe that J.C. Penney (JCP) stock will remain under pressure in the near term. Despite the introduction of new product lines, sales performance has not been impressive. J. C. Penney hinted that the discontinuation of the publishing of Big Book catalogs in November 2009 has been adversely...
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A moderately bullish play in Las Vegas Sands (NYSE:LVS)
Wednesday, September 15, 2010 - 3:58pm | 1560Las Vegas Sands (NYSE:LVS) shares are modestly lower today – off 20 cents to $31.54 – to underperform the broader market. One investor seems to be jumping on this pullback and may have opened a large bull call spread. The January 30 call has seen 10,000 contracts trade on open interest of 22,...
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Top 4 Stocks In The Department Stores Industry With The Highest Dividend Yield (JCP,TJX, M, DDS)
Wednesday, September 15, 2010 - 5:29am | 120Below are the top departmental store stocks on the NYSE and the NASDAQ in terms of dividend yield. JC Penney Company Inc (NYSE: JCP) has a dividend yield of 3.60%. JCP's shares closed at $23.99 yesterday. The TJX Companies Inc (NYSE: TJX) has a dividend yield of 1.50%. TJX's shares closed at $42.22...