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Dillard's, Inc. Announces Share Repurchase Program and Cash Dividend of $0.04
Tuesday, August 17, 2010 - 4:09pm | 91Dillard's, Inc. (NYSE: DDS) today announced that the board of directors has authorized the Company to repurchase up to $250 million of its Class A Common Stock. The new open-ended authorization permits the Company to repurchase its Class A Common Stock in the open market or through privately...
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J.C. Penney Beats, Outlook Disappoints - Analyst Blog
Tuesday, August 17, 2010 - 12:34pm | 511J.C. Penney Company Inc. (JCP) recently delivered second-quarter 2010 results that came a penny ahead of the Zacks Consensus Estimate on the heels of effective cost management. The quarterly earnings of 6 cents per share beat the Zacks Consensus Estimate of 5 cents, and rose sharply from break-...
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Stock Market News for August 16, 2010 - Market News
Tuesday, August 17, 2010 - 10:43am | 986Investors’ concerns about the pace of the economic recovery showed no signs of easing as some dour economic data aggravated worries that the economy is not going to rebound any time soon. A Commerce Department report that said retail sales rose 0.4% in July, below expectations of a 0.5% uptick,...
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Sears Holdings (SHLD) May Be Taken Private
Tuesday, August 17, 2010 - 9:45am | 70There is a rumor that Edward Lampert might take Sears Holdings Corporation (NASDAQ: SHLD) private at $100.00 a share. Sears Holdings Corporation (SHLD) operates as a broadline retailer in the United States and Canada. Its Kmart segment operates stores that sell general merchandise under Jaclyn...
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Saks Posts Narrower-Than-Expected Q2 Loss
Tuesday, August 17, 2010 - 8:43am | 59Saks Inc (NYSE: SKS) reports its Q2, ex-items, loss at $0.13, as compared to the expected loss of $0.17. SKS reports its Q2 revenue at $593.1 million, versus the consensus of $583.91 million. SKS’ shares gained 2.37% to $7.79 in pre-market trading. Read more from Benzinga's Company news.
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US Stock Futures Rise: Retail Giants To Post Earnings
Tuesday, August 17, 2010 - 7:24am | 254Stock futures point to a higher opening on Tuesday, ahead of earnings reports from Wal-Mart Stores (NYSE: WMT) and Saks Inc. (NYSE: SKS), as well as US industrial production data. The Dow futures are up 65 points to 10,338, NASDAQ 100 futures are up 11.75 points to 1,831.75 and the S&P 500...
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Earnings Scheduled For August 17 (HD, WMT. SKS, ADI, TJX, ANF)
Tuesday, August 17, 2010 - 5:40am | 169Home Depot Inc (NYSE: HD) is likely to post its Q2 earnings at $0.71 per share on $19.59 billion in revenue. Wal-Mart Stores Inc (NYSE: WMT) may report its Q2 EPS of $0.96 on revenue of $105.63 billion. Saks Inc (NYSE: SKS) is expected to post its Q2 loss at $0.17 per share on $583.91 million in...
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Piper Jaffray Reiterates Neutral, Lowers PT on J.C. Penney (JCP)
Monday, August 16, 2010 - 10:05am | 175Piper Jaffray is out with a research report this morning, where it reiterates its Neutral rating on J.C. Penney Company (NYSE: JCP); it has a $22.00 price target on the stock, down from $28.00. The PJ analysts cited the company’s recent earnings report, which was at the lower end of the company’s...
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Expiration Week Earnings Events and Long Straddles
Monday, August 16, 2010 - 9:28am | 1686Before weekly options expanded to include weeklys on individual equities, it was rare for options expiration and corporate earnings reports to fall during the same week. One week, at-the-money (ATM) options have very little time value, obviously, large gamma, and negative theta. With such little...
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Michael Block Is A Seller Of CSCO, KSS, JCP, HIG And AFL
Friday, August 13, 2010 - 6:57pm | 180Michael Block, a Chief Equities Strategist of Phoenix Partners, is a seller of the companies that posted weak earnings results. He thinks that the market is going back to the bottom of the range, and he expects that S&P 500 will test 1,010 points. Cisco Systems, Inc. (NASDAQ: CSCO) is one of...
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Nordstrom Q2 Meets, Reaffirms - Analyst Blog
Friday, August 13, 2010 - 4:22pm | 566Nordstrom Inc. (JWN) posted earnings growth of 37.5% to 66 cents a share in the second quarter of fiscal 2010, versus 48 cents in the year-ago period. Earnings per share matched the Zacks Consensus Estimate. However, shares of Nordstrom fell more than 4% in early morning trade on the NYSE as the...
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Consumer Stays Home - Retail Sales Flat 08-13-2010
Friday, August 13, 2010 - 2:57pm | 942Cusick’s Corner The data that came out this morning was encouraging on the surface, but in reality, when you take out car and gas sales, we’re still in a very fragile recovery. Small Caps, RUT, and Tech, XLK, continue to lag, weighing down a potential upside run. The lack of participation is these...
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Afternoon Market Update (JCP, GAP, UNCA, IBM)
Friday, August 13, 2010 - 1:55pm | 246JC Penney Co (NYSE: JCP) swung to profit in its second quarter, driven by gains in comparable sales, along with a fall in pension-plan expenses. However, the company issued weaker-than-expected projections for the third quarter and full year. Analyst Michelle Clark at Morgan Stanley mentioned, “...
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JC Penny Shines Amid Challenging Economy
Friday, August 13, 2010 - 9:50am | 107Retailer JC Penney (NYSE: JCP) posted a second quarter profit as it benefited from better inventory control and better branding of merchandise. However, profits were below Wall Street projections. According to JC Penney, it earned $14 million, or $0.06 per share, in Q2. This comes on the back of a...
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J.C. Penney Reports Earnings, Misses Estimates, Cuts Earnings Outlook (JCP)
Friday, August 13, 2010 - 8:00am | 54J. C. Penney Company, Inc. (NYSE: JCP) reports Q2 EPS of $0.06 versus estimates of $0.05. JC Penney reports revenues of $3.94B versus estimates of $4.01 billion. J. C. Penney Company, Inc. said it sees Q3 EPS 16-20 cents, and it cut its full year earnings view to $1.40-$1.50.