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Stock Market News for July 15, 2010 - Market News
Thursday, July 15, 2010 - 9:00am | 594The Federal Reserve’s downgrade of its economic outlook stoked fears of a delayed economic recovery. The Fed reduced its forecast for economic growth, in the current year, from its earlier range of 3.2% to 3.7% to a lower range of 3.0% to 3.5%. In the first quarter of 2010, GDP grew at an annual...
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Retail Stocks Are More Important Than You Think
Wednesday, July 14, 2010 - 11:12am | 415The retail sector is the only industry group that reached its 2007 high in 2010. Since the retail sector's peak on April 26th, 2010 the industry group has lead the decline in the market. On July 6th the important retail sector has bounced along with the major indexes by about 6.00 percent. The SPDR...
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Iconix Announces Agreement With Sears to License Bongo Brand
Tuesday, July 13, 2010 - 9:24am | 80Iconix Brand Group, Inc. (Nasdaq: ICON) today announced that it has signed a long-term direct-to-retail license agreement with Sears Holdings (Nasdaq: SHLD) for the Company's junior brand, BONGO. Commencing fall 2010, Bongo apparel and other lifestyle-related categories will be available in Sears...
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Shorts Flee Strongest Stocks
Tuesday, July 13, 2010 - 8:25am | 221Stocks with strong balance sheets that are likely to post good earnings have lost their interest for short sellers. Base on data as of June 30, short sellers abandoned the shares of Citigroup (NYSE: C), Exxon Mobil (NYSE: XOM), Ford (NYSE: F), and AT&T (NYSE: T). The short interest in AT&T...
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Stock Market News for July 9, 2010 - Market News
Friday, July 9, 2010 - 9:39am | 436Some solid retail sales numbers and reassuring signs from the job market sent U.S. stocks higher for a third day on Thursday even as the International Monetary Fund noted the global economy would grow faster than expected this year. After breaking through the 10,000 threshold Wednesday, the Dow...
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Following Yesterday’s Hype of Fastest Growth in 4 Years, June Retail Sales a “Mixed Bag”
Thursday, July 8, 2010 - 7:23pm | 601Following Yesterday’s Hype of Fastest Growth in 4 Years, June Retail Sales a "Mixed Bag" Courtesy of Mish The Wall Street Journal reports Retailers Turn in a Mixed Bag for June Sales. U.S. retailers reported mixed results for June, with some stores benefiting from aggressive promotions and...
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Puts Rolled on Macy’s (M)
Wednesday, July 7, 2010 - 10:39am | 174Shares of Macy’s Inc. (NYSE: M) are higher on the session by 0.57%, currently trading at $17.51. The stock has been drifting lower and lower over the past three months and is trading below both the 50-day and 200-day moving averages. Options traders are rolling put positions in the name today. The...
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Stock Market News for July 7, 2010 - Market News
Wednesday, July 7, 2010 - 10:13am | 583Selective buying helped propel stocks higher Tuesday after seven days of losses, but the advance was tepid as concerns about the durability of the economic recovery kept sentiments jittery. After recording hefty gains in the morning, markets slipped into the red in the afternoon as traders,...
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Sears Holdings Plummeting On Heavy Volume (SHLD)
Tuesday, July 6, 2010 - 1:23pm | 121Shares of Eddie Lampert's Sears Holdings Corp. (NASDAQ: SHLD) are heading lower in a hurry on heavy volume today. SHLD has fallen 2.51% to $61.07. Lampert is the Chairman of the Board at Sears Holdings, and is the founder, chairman, and CEO of ESL Investments. Sears (SHLD) has been under...
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Retail Names Continue Slide (BBY, COH, TIF, M)
Tuesday, July 6, 2010 - 1:07pm | 151A string of retail names are getting smashed down despite a small rally in stocks today. The trend in Best Buy (NYSE: BBY), for example, has been straight down after a higher opening. On the day, BBY has fallen 2.36% to $33.06. Shares of luxury retailer Coach, Inc. (NYSE: COH) have lost 2.38% to $...
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Stocks Going Ex Dividend the Second Week of July 2010
Saturday, July 3, 2010 - 4:59pm | 672Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Top Ten Retailers Most Likely to Go Bankrupt (GAP, RAD, ZLC, VVTV, BGP)
Friday, July 2, 2010 - 3:37pm | 1442Forbes columnist, Asher Hawkins, came out with an interesting article yesterday regarding the top ten companies most reliant on customer spending. These companies are in such financial straights that, if consumers do not continue to spend, they could be forced to shut their doors. While this may...
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Bankruptcy Scores: 18 Riskiest Retail Stocks
Thursday, July 1, 2010 - 11:00am | 494NEW YORK (TheStreet) -- Retail risks are still a major concern, as consumer spending remains skittish and the job market continues to worry shoppers. The economic downturn has, of course, already eliminated several retail powerhouses, including Circuit City and Linens 'N Things. But while the fear...
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Retail Sector In The Red As Weakness In The Broader Markets Takes Toll
Tuesday, June 29, 2010 - 4:43pm | 180Weakness in the broader market had a cascading effect on the retail stocks as economic data from China suggested that growth in the country is slowing. The S&P Retail Index (NYSE: RLX) fell 1.04% to 403.47 at 4:39 pm EDT. The biggest loser in the sector was bookstore operator Barnes & Noble...
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Reform Bill Pushes Financials Higher 06-25-2010
Friday, June 25, 2010 - 6:30pm | 752Cusick’s Corner The economic data that came out today was once again mixed and the market traded sideways for much of the day. The Financials led the market – there was a feeling of relief that the Financial Reform Bill process might be over and we can move on to other issues. Market participants...