-
Nordstrom Plans Rack Store in Texas - Analyst Blog
Monday, August 30, 2010 - 2:07pm | 551Nordstrom Inc. (JWN) plans to open a 35,455 square foot new Rack discount store at The Market at Town Center in Sugar Land, Texas in fall 2011. This follows Nordstrom’s first 31,000 square foot Rack location in Houston at The Center at Post Oak, which opened on February 25, 2010. Rack stores are an...
-
Goldman Sachs’ Broadline Retail Update (WMT, FDO, JNY, SKS)
Monday, August 30, 2010 - 9:47am | 191Goldman Sachs is out with a research report this morning, where it takes a look at the recent performance of the broadline retailers in Q2. They noted several key points, including: 1. Broadlines Q2 EPS ushered in expense driven beats and lowered guidance, compared to Q1’s margin drive beats and...
-
Zacks Bull and Bear of the Day Highlights: Ryder System, J.C. Penney, Wal-Mart, Big Lots and PetroChina - Press Releases
Friday, August 27, 2010 - 8:03am | 1960For Immediate Release Chicago, IL –August 27, 2010 – Zacks Equity Research highlights: Ryder System (R) 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 Wal-Mart (WMT), Big Lots (BIG) and PetroChina Co. Ltd. (PTR). Here is...
-
J.C. Penney Co., Inc. (JCP) - Bear of the Day
Friday, August 27, 2010 - 7:04am | 176We believe that J.C. Penney (JCP) stock will remain under pressure in the near term. Despite the introduction of new product lines, its 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...
-
Will GDP Growth Be Negative in 3Q? - Analyst Blog
Thursday, August 26, 2010 - 4:04pm | 3020Yesterday’s double dose of bad economic news seriously raises the possibility that GDP growth in the third quarter will be negative. That does not mean a double dip for sure, since the general rule of thumb is that a recession is two back-to-back quarters of negative GDP, although the official...
-
Retailers Weak Today (ANF, M, AEO)
Thursday, August 26, 2010 - 10:48am | 135Some of the retailers are weak today, despite decent earnings report last night from Guess (NYSE: GES) and Jo Ann Stores (NYSE: JAS). Shares of Abercrombie & Fitch (NYSE: ANF) are down 36 cents, a loss of 1% on 1 million shares. Shares of Macy's (NYSE: M) are down 10 cents, a loss of 0.5%....
-
Heavy put volume in Apollo (APOL), post-earnings option activity in American Eagle (AEO)
Wednesday, August 25, 2010 - 3:04pm | 1799The Hotlist scans unusual option volume during the trading day and is available to all OptionsHouse customers, including those who sign up for a virtual trading account. Refer to this article for more information on Hotlist works. There has been a lot of uncertainty surrounding for-profit...
-
Calls Purchased on Bon-Ton Stores (BONT)
Wednesday, August 25, 2010 - 1:34pm | 138Shares of The Bon-Ton Stores, Inc. (NASDAQ: BONT) are lower on the session by 2.92%, currently trading at $6.65. The stock has been moving largely lower over the past five months, off of a recent high near $18.50. The stock is trading well below the 50-day moving average. Options traders are...
-
Flight for Safety Trade of Day 08-24-2010
Tuesday, August 24, 2010 - 6:55pm | 765Cusick’s Corner Flight for safety was the trade of the day in spite of the fact that the indices finished at their worst levels. This was the only glimmer of light for the bulls, the fact that the downside did not exhibit more follow through after a terrible morning and midday. Bonds were the big...
-
Unusual option activity: Cintas Corp. (CTAS), Dick’s Sporting Goods (DKS), Walgreen Co. (WAG)
Tuesday, August 24, 2010 - 9:07am | 1830The Hotlist, which scans unusual option volume throughout the session, is available to all OptionsHouse customers, including those who sign up for a virtual trading account. For more information on how the Hotlist works, read this article. Cintas Corp. (NASDAQ: CTAS) shares have been consolidating...
-
Top 4 Stocks In The Department Stores Industry With The Highest Cash (KSS, JCP, TJX, M)
Tuesday, August 24, 2010 - 5:52am | 147Below are the top department store stocks on the NYSE and the NASDAQ in terms of cash. Kohl's Corporation (NYSE: KSS) had $2.52 billion in total cash and $2.08 billion in total debt for the latest quarter. JC Penney Company Inc (NYSE: JCP) had $2.00 billion in total cash for the latest quarter. JCP...
-
Last Week’s Top Options Rolls (FLML, HOT, CLNE, LEN, BBY)
Monday, August 23, 2010 - 12:43pm | 454Options expiration week is usually notable, always volatile, and frequently very useful for a number of reasons. This is the week when small players, large funds, and market makers square up their positions and take a good, long, and hard look at the positions they have on their books. Those that...
-
Bearish Pattern In Saks (SKS)
Monday, August 23, 2010 - 11:31am | 248A report released recently by Goldman Sachs (NYSE: GS) reveals that high-end retail name Saks (NYSE: SKS) has been targeted by short-selling hedge funds. The stock has made a series of lower lows going back to May of this year. During this time, SKS has made four lower lows in succession. SKS also...
-
Saks Narrows Loss - Analyst Blog
Friday, August 20, 2010 - 9:09pm | 504Saks Incorporated (SKS) delivered a second-quarter 2010 net loss (excluding one-time items) of 13 cents per share, compared with a net loss of 39 cents in the year-ago quarter. The Zacks Consensus Estimate was for a net loss of 17 cents per share. The year-over-year improvement in the quarter...
-
Expiration Friday 08-20-2010
Friday, August 20, 2010 - 3:22pm | 818Cusick’s Corner The market is really holding up well in the face of the poor economic data this week and the increasing uncertainty of future corporate guidance. As far as the impact of expiration today, while the option volume has been brisk, it is really split in down the middle. There may be a...