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Macy’s Posts Strong Q2 Results, Raises Forecasts
Wednesday, August 11, 2010 - 9:59am | 126Macy’s (NYSE: M) net income surged in the second quarter as its strategy of focusing on exclusive moderate-priced fashions and tailoring merchandise . Macy’s reported a profit of $147 million, or $0.35 a share, for the second quarter. Analyst were expecting the company to earn $0.29 per share in...
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July Sales Up for TJX - Analyst Blog
Wednesday, August 11, 2010 - 9:17am | 789The TJX Companies Inc. (TJX) reported same store sales of 2% for the four week period ended July 31, 2010. This affirms the company’s positive comparable store sales growth momentum so far. Sales in the same period upped 6% to $1.5 billion from $1.4 billion in the four-week period ended August 1,...
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A Peek Into The Market Before The Trading Starts
Wednesday, August 11, 2010 - 9:11am | 457Pre-open movers US stock index futures fell sharply today, as investor confidence dropped following the downgrade of the economic outlook by the Federal Reserve. While futures on the Dow Jones Industrial Average fell 45.00 to 10,620, those on the S&P 500 lost 16.20 to 1,103.50. Meanwhile,...
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US Stock Futures Indicate Another Gloomy Day
Wednesday, August 11, 2010 - 8:56am | 189US stock index futures fell sharply today, as investor confidence dropped following the downgrade of the economic outlook by the Federal Reserve. While futures on the Dow Jones Industrial Average fell 45 to 10,620, those on the S&P 500 lost 15.80 to 1,103.90. Meanwhile, Nasdaq 100 futures moved...
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Benzinga’s Top Pre-Market Gainers (CCME, SPWRA, M, JDSU)
Wednesday, August 11, 2010 - 8:39am | 127China MediaExpress Holdings Inc (NASDAQ: CCME) rose 11.06% to $11.65 in the pre-market session. CMED is all set to report its Q2 earnings on August 13. SunPower Corporation (NASDAQ: SPWRA) added 2.24% to $13.22 in pre-market trading. SPWRA had reported better-than-expected Q2 earnings. Macy's Inc (...
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Macy's Q2 Results Beat Targets
Wednesday, August 11, 2010 - 8:38am | 58Macy's (NYSE: M) reports its Q2 EPS at $0.35, beating the consensus of $0.29. Macy's has declared its Q2 revenue at $5.54 billion versus the Street view of $5.5 billion. M’s shares moved up 0.88% to $19.54 in pre-market trading. Read more from Benzinga's Company news.
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Zacks Analyst Blog Highlights: Saks, Landry's Restaurants, Buffalo Wild Wings, BJ's Restaurants and Union Pacific - Press Releases
Wednesday, August 11, 2010 - 7:37am | 1866For Immediate Release Chicago, IL – August 11, 2010 – Zacks.com Analyst Blog features: Saks Inc. (SKS), Landry's Restaurants Inc. (LNY), Buffalo Wild Wings Inc. (BWLD) BJ’s Restaurants Inc. (BJRI) and Union Pacific Corp. (UNP ). Here are highlights from Tuesday’s Analyst Blog: Saks Reports Higher...
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Zacks Analyst Blog Highlights: TJX Companies, Target, Kohl's Corp., Macy's and McDonald - Press Releases
Wednesday, August 11, 2010 - 7:04am | 1636For Immediate Release Chicago, IL – August 11, 2010 – Zacks.com Analyst Blog features: TJX Companies Inc. (TJX), Target Corp. (TGT), Kohl's Corp. (KSS) Macy's Inc. (M) and McDonald's Corp. (MCD ). Here are highlights from Tuesday’s Analyst Blog: July Sales Up for TJX Companies The TJX Companies...
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Saks Reports Higher Sales - Analyst Blog
Tuesday, August 10, 2010 - 11:59pm | 333Saks Inc. (SKS) reported total sales of $167.9 million for the month of July 2010, which was 4.8% higher than $160.2 million in the same period a year ago. The company’s comparable store sales grew 6.4% for the month. During the four week period, the company saw growth in women’s shoes and...
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Afternoon Market Update (NBR, SWSI, BBY, BBBY, SHLD)
Tuesday, August 10, 2010 - 1:29pm | 271Energy stocks have erased their Monday’s mild gains and are in the red today. Shares of Nabors Industries Ltd (NYSE: NBR) have lost more than 6% after it agreed to purchase Superior Well Services Inc (NASDAQ: SWSI) for $22.12 per share. The NYSE Arca Oil (XOI) and the NYSE Arca Natural Gas (XNG)...
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Macerich Misses Estimates - Analyst Blog
Tuesday, August 10, 2010 - 11:03am | 491The Macerich Company (MAC), a fully-integrated real estate investment trust (REIT), reported second quarter 2010 FFO (funds from operations) of $77.5 million or 57 cents per share, compared with $59.9 million or 67 cents in the year-earlier quarter. Fund from operations, a widely used metric to...
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Company News for August 10, 2010 - Corporate Summary
Tuesday, August 10, 2010 - 9:44am | 654• KKR (NYSE:KKR) withdrew its $500 million stock offering, citing weak market conditions • Credit Suisse (NYSE: CS) downgraded Royal Bank of Scotland (NYSE: RBS) from "outperform" to "neutral" • UBS (NYSE: UBS) upgraded Whole Foods (NASDAQ: WFMI) to "buy" from "neutral," with a price target of $45...
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Zacks Analyst Blog Highlights: Abercrombie & Fitch, Gap, Macy, American Eagle Outfitters and J.C. Penney - Press Releases
Monday, August 9, 2010 - 5:53pm | 1529For Immediate Release Chicago, IL – August 09, 2010 – Zacks.com Analyst Blog features: Abercrombie & Fitch Co. (ANF), Gap Inc. (GPS), Macy Inc. (M) American Eagle Outfitters Inc. (AEO) and J.C. Penney Co. (JCP ). Here are highlights from Friday’s Analyst Blog: Retailers’ July Sales Sluggish...
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Stock Market News for August 9, 2010 - Market News
Monday, August 9, 2010 - 5:52pm | 958A greater-than-anticipated drop in July non-farm payrolls sent investors away from stocks Friday, but the losses were modest and stocks managed to close the week firmly in the green. All three major indexes ended at least 1.5% higher on the week. On the week, the Dow industrials and the S&P...
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The Levi's Brand and JCPenney Team up to Offer Two $50,000 College Scholarships
Friday, August 6, 2010 - 5:12pm | 104The Levi's Brand and JCPenney (NYSE: JCP) are partnering for the second consecutive year to offer two college scholarship packages of $50,000 each during the companies' tuition sweepstakes. The scholarships are fully transferable enabling the winner to choose who receives the scholarship. Winners...