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Notable Option Volume in Activision (ATVI) and Saks (SKS)
Friday, August 20, 2010 - 3:11pm | 1628The Hotlist, a scan of unusual option volume, is available to all OptionsHouse customers, including those with a virtual trading account. For more information on how the Hotlist functions, refer to this article. Saks Inc. (NYSE: SKS) is an unusual name on today’s Hotlist and the upscale retailer...
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Taubman Expects Higher Fiscal FFO - Analyst Blog
Friday, August 20, 2010 - 10:06am | 514Taubman Centers Inc. (TCO), a real estate investment trust (REIT), has recently announced that it expects 2010 funds from operations (FFO) to be slightly above its previous guidance of $2.65 to $2.75 per share. Fund from operations, a widely used metric to gauge the performance of REITs, is...
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Mad Money Lightning – Cramer Speaks Out! (HIG, BEXP, CVX, PRU, SD, WTW, YHOO)
Friday, August 20, 2010 - 8:56am | 307On Thursday’s < a href=” http://www.cnbc.com/id/38771410”>Mad Money Lightning, Jim Cramer had a lot to say about what’s hot and what’s not! Brigham Exploration (NASDAQ: BEXP) was assigned a “don’t buy.” BEXP was at $16 after hours. Chevron (NYSE: CVX) is a “go.” CVX was at $75.84 after hours...
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Stock Market News for August 19, 2010 - Market News
Thursday, August 19, 2010 - 1:34pm | 1252Stocks managed to close higher for a second consecutive session, but the gains were modest as weakness in energy shares offset strength in retailers’ stocks. Target led the strength in stocks of consumer-discretionary companies after its profit outlook for the current quarter matched Street...
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Company News for August 19, 2010 - Corporate Summary
Thursday, August 19, 2010 - 1:34pm | 771• Sears Holdings (NASDAQ: SHLD) posted a second quarter loss of 19 cents per share, one cent above Zacks estimates, on revenues of $10.5 billion, below Zacks estimates of $10.6 billion • Staples (NASDAQ: SPLS) posted in-line second quarter earnings of 20 cents a share; however, revenues of $5.5...
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Late Market Roundup
Thursday, August 19, 2010 - 1:04pm | 270Shares of Sears Holdings Corp (NASDAQ: SHLD) plunged after the company posted lower same-store sales. However, the company narrowed its Q2 loss on a year-over-year basis, but still the loss was wider than expected. SHLD’s interim chief executive officer Bruce Johnson said, "Kmart continued to...
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Sears Continues To Be Squashed (SHLD)
Thursday, August 19, 2010 - 12:30pm | 147Eddie Lampert cannot be feeling too good right about now. He is the billionaire financier who controls Sears Holding Corporation (NASDAQ: SHLD). For awhile there, people were speculating that Lampert might be the next Warren Buffett and he was looking to use Sears as an investment vehicle similar...
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Sears Loss Narrows, But Misses - Analyst Blog
Thursday, August 19, 2010 - 11:20am | 466Sears Holdings Corp.’s (SHLD) fiscal 2010 second-quarter GAAP net loss narrowed to $39 million from a net loss of $94 million in the year-ago period. However, excluding special items, adjusted loss per share came in at 19 cents, missing the Zacks Consensus Estimate for a loss of 18 cents per share...
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Gloomy Data Spook Stocks; Dow Falls 100
Thursday, August 19, 2010 - 10:53am | 319Wall Street's double-dip fears were revived Thursday morning as the Dow dropped 150 points in the wake of a nine-month high for weekly jobless claims and a surprisingly gloomy regional manufacturing report. Today’s Markets As of 10:15 a.m. ET, the Dow Jones Industrial Average fell 118.82 points,...
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Futures Move Lower As Jobless Claims Rise
Thursday, August 19, 2010 - 9:13am | 312Stock futures reversed course and moved into negative territory ahead of Thursday's trading session after the Labor Department reported that first-time unemployment claims jumped unexpectedly. As of 8:55 a.m. in New York, the Dow Jones Industrial Average futures fell 2 points, or 0.02%, to 10350,...
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Bon-Ton Posts Wider-Than-Expected Q2 Loss
Thursday, August 19, 2010 - 7:58am | 59Bon-Ton Stores (NASDAQ: BONT) reports its Q2 loss at $1.91, as compared to the expected loss of $1.78. BONT reports its Q2 revenue at $608.6 million versus the consensus of $619.45 million. BONT’s shares gained 1.21% to close at $8.38 yesterday. Read more from Benzinga's Company news.
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Sears Declare Earnings: Face Second Quarter Loss (SHLD)
Thursday, August 19, 2010 - 7:54am | 102Sears Holdings Corp (NYSE: SHLD), said its second-quarter net loss shrank to $39 million, or $0.35 a share, from $94 million, or $0.79 a share, in the earlier quarter. The company reported an adjusted net loss of $0.19 per share compared to $0.17 per share in the previous year. Original forecast...
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US Stock Futures Up Ahead Of Major Earnings, US Jobs Data
Thursday, August 19, 2010 - 7:03am | 330US stock futures for the NASDAQ are up 7.25 points to 1,850.8; for S&P 500 is up 5.1 points to 1,094.16; for DOW is up 41.00 points to 10,415.54 on Wednesday 6.27 AM EST. At 8:30 AM EST, the US Department of Labor will release first-time claims for jobless benefits for the week ended August 14...
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Dillard’s Pops on Stock Buy-Back Announcement (DDS)
Wednesday, August 18, 2010 - 12:03pm | 174Shares of Dillard’s Inc. (NYSE: DDS) are higher on the session by 4.97%, currently trading at $20.38. The stock has been moving largely lower over the past four months, off from recent highs near $31.25, but are popping today on news that DDS will be repurchasing up to $250 million of the company’s...
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Saks Reports 2Q With Better Than Expected Results
Wednesday, August 18, 2010 - 9:30am | 99Saks Incorporated (NYSE: SKS) reported 2Q results that exceeded estimates by Citigroup, posting EPS of (-$0.13) over the (-$0.16) estimate, which is significantly better than (-$0.39) in 2Q2009. Saks's SSS increased +4.6% in its 2Q, and the EPS results reflected gross margins that improved +...