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Does Deere (NYSE:DE) Have Wind in its Sails?
Wednesday, September 1, 2010 - 10:30am | 1846A couple of weeks ago, we took a look at Deere & Co. (NYSE:DE) the day before its earnings report and outlined option strategies investors could use whether they expected positive or negative results. As it turned out, DE surprised to the upside (by 22 cents, no less) and still moved lower...
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Benzinga’s Top Downgrades (VLY, HCBK, SKS, CF)
Wednesday, September 1, 2010 - 7:57am | 159Valley National Bancorp (NYSE: VLY) was downgraded by Morgan Stanley from “equal weight” to “underweight.” VLY’s shares closed at $13.03 yesterday. VLY’s earnings have fallen by 11.34% in the past 5 years. Morgan Stanley downgraded Hudson City Bancorp Inc (NASDAQ: HCBK) from "overweight" to "equal...
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Slow Cookers Sold at Kohl's Recalled
Wednesday, September 1, 2010 - 7:51am | 103The US Consumer Product Safety Commission announced Tuesday the voluntary recall of Bella Kitchen slow cookers sold exclusively at Kohl’s (NYSE: KSS). About 25,000 units of the Bella Kitchen 5-quart programmable slow cookers, distributed by Canada’s Sensio Inc., will be recalled. The federal...
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S&P Waffles Around Key 1050 Level 08-31-2010
Tuesday, August 31, 2010 - 7:13pm | 862Cusick’s Corner The market waffled around key S&P support-resistance levels of 1050 and remains under pressure due to the uncertainty over the data that’s coming out during the rest of the week. One factor potentially holding this market up today may be a byproduct of a little end-of-the-...
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Bulls buy Omnicare (NYSE:OCR) call spreads, Saks (NYSE:SKS) puts active on takeover buzz
Tuesday, August 31, 2010 - 3:41pm | 1562The OptionsHouse Hotlist scans unusual option volume during the trading day. This tool is available to all OptionsHouse customers, including those with virtual trading accounts. Omnicare, Inc. (NYSE:OCR) is modestly higher today, keeping pace with the broader market. An enthusiastic spread trader...
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Top Narrow Based Indexes For August 31 (TMRAY, KIRK, SKS)
Tuesday, August 31, 2010 - 3:09pm | 194By 2:52 pm, the Dow Jones Industrial Average was down 22.63 points, or 0.23%, to 9,987.10, while the broader Standard & Poor's 500 index had lost 3.20 points, or 0.31%. The NASDAQ composite index fell 13.05 points, or 0.62%. Some of the narrow based indexes that are still afloat in the market...
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Lagging Sectors That Need More Momentum 08-31-2010
Tuesday, August 31, 2010 - 2:52pm | 790Cusick’s Corner The market has held up this Midday with the help from a better than expected 53.5 Consumer Confidence number, in spite of a strong push back to the 1040 level earlier in the session. We are waiting for the dissection of the latest Fed minutes, but after the action yesterday on...
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Saks Surges on Buyout Rumors (SKS)
Tuesday, August 31, 2010 - 12:42pm | 195Saks Inc. (NYSE: SKS) shares are higher by more than 22% Tuesday afternoon, after a news report suggested that a group of private equity firms might soon bid for the luxury department store operator. According to a Reuters report, "The Daily Mail, a British newspaper, said that a consortium of U.S...
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News Summary (AMR, DAL, JBLU, GOL, UAUA, DG, SKS)
Tuesday, August 31, 2010 - 12:04pm | 244Airline stocks are showing mixed results today, ahead of a number of key economic reports. The shares moving up in the list were American parent AMR Corp (NYSE: AMR), Delta Air Lines (NYSE: DAL), JetBlue Airways (NASDAQ: JBLU) and Gol Linhas (NYSE: GOL). However, the shares of UAL Corp (NASDAQ:...
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Private Equity Buyers Circle Saks, Inc.
Tuesday, August 31, 2010 - 11:35am | 165Would the private equity buyout of Saks Incorporated (NYSE: SKS) be considered a risk? For one, Saks has actually outperformed many of its peers, and in the second quarter, sales rose 5.1% from a year ago while gross margins rose 7.01% due to lower promotional activity. To be more specific,...
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Mid-Day Market Movers (SKH, SKS, LGF, FSGI)
Tuesday, August 31, 2010 - 11:21am | 171Skilled Healthcare Group Inc (NYSE: SKH) jumped 24.70% to $3.08 at 10:39 am. The Humboldt County Superior Court of California has denied the request of SKH for a new trial in a case that accused the company of violating the safety codes. Saks Incorporated (NYSE: SKS) climbed 23.03% to $8.12. UK's...
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Jefferies’ Consumer Retail Comps Preview (TGT, KSS, COST, BJ)
Tuesday, August 31, 2010 - 10:34am | 291Jefferies & Company is out with a research report this morning, where it previews the same store sales comps on several of the broadline retailers ahead of their August reports. The analysts said that they continue to favor defensive names and those that have strong growth drivers that are...
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Morgan Stanley America's Equity Morning Summary (ORCL, ARST, KSS, UTIW)
Tuesday, August 31, 2010 - 9:50am | 153Morgan Stanley is out with its America's Equity Morning Summary. In the report, Morgan Stanley covers Oracle (NASDAQ: ORCL), ArcSight Inc. (NASDAQ: ARST), Kohl's (NYSE: KSS) and UTi Worldwide (NASDAQ: UTIW).. In this report, Morgan Stanley downgraded ARST to Equal weight from Overweight, with a...
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Retail Ventures Releases Q2 Sales
Tuesday, August 31, 2010 - 8:07am | 96Retail Ventures (NYSE: RVI) announced today sales, which represents sales of DSW only, from continuing operations for the thirteen weeks ended July 31, 2010 increased 12.3% to $415.1 million from $369.5 million for the thirteen weeks ended August 1, 2009. Same store sales increased 12.0% for the...
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New Nordstrom Store in Macerich Mall - Analyst Blog
Monday, August 30, 2010 - 5:54pm | 446The Macerich Company (MAC), a leading real estate investment trust (REIT), has recently announced the opening of a specialty fashion retail store by Nordstrom Inc. (JWN) in Santa Monica Place, a shopping mall in Santa Monica, California. The new Nordstrom store will showcase an optimum mix of...