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Company News for May 19, 2010 - Corporate Summary
Wednesday, May 19, 2010 - 9:33am | 147• Deere (NYSE:DE) reported fiscal second quarter earnings of $1.58, versus Zacks estimates of $1.09 as revenues rose 6% to $7.13 billion, beating Zacks estimates of $6.89 billion • BJ's Wholesale (NYSE:BJ) reported interims of 49 cents, 6 cents higher than Zacks expectations, as revenues grew 12.8...
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Goldman Upgrades M To Buy
Wednesday, May 19, 2010 - 6:52am | 38Analysts at Goldman Sachs upgrade Macy's (NYSE: M) from "neutral" to "buy." M fell 4.21% to close at $21.37 yesterday. More Analyst Ratings here
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Saks (SKS) Falls 4% Despite Beating Estimates
Tuesday, May 18, 2010 - 4:59pm | 101Shares of Saks Incorporated (NYSE: SKS) closed Tuesday trading down 4.28% at $8.94 per share. Volume of 12.2 million shares shares was 2.6 times the daily average volume of nearly 4.7 million shares. Shares of Saks Incorporated had a trading range of $8.87 to $9.96 per share. Saks Incorporated...
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Nordstrom Takes Up The Dividend Fight With Peers (JWN, JCP, M, DDS, SKS, KSS, SHLD)
Tuesday, May 18, 2010 - 2:24pm | 388Reuters: Senate Democrats are fighting over financial reform. Reuters: Fishing bans are growing in the Gulf. Reuters: GM will stop paying union employees who quit. Reuters: The euro fell after Germany banned certain types of short selling.Reuters: Oil dropped below $68. Reuters: Google...
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U.S. Airlines Finally Find The Course To Profits
Tuesday, May 18, 2010 - 1:48pm | 388Reuters: Senate Democrats are fighting over financial reform. Reuters: Fishing bans are growing in the Gulf. Reuters: GM will stop paying union employees who quit. Reuters: The euro fell after Germany banned certain types of short selling.Reuters: Oil dropped below $68. Reuters: Google...
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Stock Market News for May 18, 2010 - Market News
Tuesday, May 18, 2010 - 9:57am | 431U.S. stocks closed with marginal gains on Monday even as Europe’s debt malaise showed no signs of easing. The euro, meanwhile, rebounded from a four-year low against the U.S. dollar as traders picked up the battered currency. Investors were also concerned about how Europe will manage the fiscal...
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Saks (SKS) Swings To $18.8 Million Profit
Tuesday, May 18, 2010 - 8:27am | 103Luxury retailer Saks Incorporated (NYSE: SKS) on Tuesday morning released financial results that beat Wall Street expectations. Saks Incorporated reported that it swung to a 1st quarter profit of $18.8 million, or 11 cents per share, from a loss of $5.12 million, or 4 cents per share, a year...
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Stocks To Watch For May 18 (HPQ, WMT, SKS, ANF, HD)
Tuesday, May 18, 2010 - 6:25am | 186Some of the companies that may grab investor focus today are: Hewlitt-Packard (NYSE: HPQ) is expected to report an EPS of $1.05 for the fiscal second quarter. HPQ’s shares gained 0.61% to $47.81 in after hours trading. Analysts are expecting Wal-Mart (NYSE: WMT) to have earned $0.85 in the first...
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Moody's Raises Macy's Rating
Monday, May 17, 2010 - 3:39pm | 86Moody's Investors Service boosted its ratings on Macy's (NYSE: M) after the retailer reported strong first-quarter results. Moody's upgraded Macy's corporate family rating and probability of default ratings to Ba1 from Ba2, and its speculative grade liquidity ratings to SGL-1 from SGL-2 with a...
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Afternoon Market Update (LOW, M, TRI)
Monday, May 17, 2010 - 2:46pm | 198Lowe’s Co (NYSE: LOW) posted a 2.7% increase in its Q1 profit, driven by the demand for bigger-ticket items from refrigerators. Even after reporting better-than-expected profit, the shares of LOW dropped by 4.6%, as the company gave Q2 forecasts that were below Street expectations. The Chief...
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Piper Jaffray Remains Neutral On J.C. Penney (JCP)
Monday, May 17, 2010 - 1:43pm | 102In a company note released today by Piper Jaffray, the firm said that they are incrementally encouraged by J.C. Penney's (NYSE: JCP) fiscal Q1 results, as same-store-sales turned positive for the first time in 10 quarters, generating adjusted EPS growth of 18%. However, they are lowering their...
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Retail Stocks Sink As LOW’s Forecast Misses Estimates
Monday, May 17, 2010 - 11:10am | 238Retail stocks plunged today after America’s second largest US home-improvement retailer, Lowe's Companies Inc (NYSE: LOW), announced a Q2 profit forecast that fell short of the Street view. LOW is the third retailer after JC Penney Company (NYSE: JCP) and Kohl's Corp (NYSE: KSS) to give cautious...
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Luxury Makes a Comeback
Monday, May 17, 2010 - 9:35am | 224So much for the new normal. Several high-end consumer discretionary firms have reported better than expected sales and increased earnings this past quarter, shattering the notion the consumer is dead. High-end Handbag maker Coach (NYSE: COH) reported that its sales in the first quarter were up...
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Dillard's (DDS) Ends Day Up Nearly 8%
Friday, May 14, 2010 - 6:04pm | 99Shares of Dillard's, Inc. (NYSE: DDS) closed Friday trading up 7.93% at $27.76 per share. Dillard's, Inc. opened Friday morning at $27.54 per share, then climbed higher, trading between $27.02 and $29.17 per share, before settling near its opening price. Volume of 5.9 million shares was nearly 5.5...
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Friday’s Market Roundup
Friday, May 14, 2010 - 4:26pm | 431The market was weak right from the get-go today. It appears that traders were not willing to step up and bid for stocks until they hit the 1128 support level on the S&P 500 (NYSE: SPY). The market was able to base out from that level with buyers coming in at three separate instances with...