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Stock Market News for May 13, 2010 - Market News
Thursday, May 13, 2010 - 10:17am | 584Stocks closed sharply higher Wednesday, erasing last week’s steep losses, as Spain announced sweeping measures to curtail spending and debt-strapped European countries’ problems showed signs of easing. A slew of positive economic data and IBM’s increased profit outlook added to bullish sentiments...
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Company News for May 13, 2010 - Corporate Summary
Thursday, May 13, 2010 - 10:16am | 131• Goldman Sachs (NYSE:GS) added US Steel (NYSE:X) to its Conviction Buy List • Bernstein cut Devon Energy’s (NYSE:DVN) rating to "market perform" • HSBC (NYSE:HBC) lowered Semiconductor Manufacturing’s (NYSE:SMI) rating to "underweight" • Kohl's (NYSE:KSS) posted first quarter earnings of 64 cents...
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Stocks To Watch For May 13 (JWN, KSS, NVDA, URBN, WEN)
Thursday, May 13, 2010 - 6:22am | 182Some of the companies that may grab investor focus today are: Analysts are expecting Nordstrom (NYSE: JWN) to have earned $0.54 per share in the first quarter. JWN’s shares soared 0.63% to $43.30 in after hours trading. Kohl's (NYSE: KSS) is expected to report an EPS of $0.61 for the first quarter...
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Afternoon Market Update (LGF, M, EA)
Wednesday, May 12, 2010 - 2:12pm | 209Lions Gate Entertainment Corp (NYSE: LGF) announced that its shareholders rights plan also supported by 55.7% of shares, given a $7 per share offer made by billionaire investor Carl Icahn. Excluding the shares owned by Icahn or his affiliates, LGF’s plan had received the backing of 70.4%...
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Macy's Beats Wall Street Estimates (M)
Wednesday, May 12, 2010 - 10:15am | 83Macy's (NYSE: M) reported a first-quarter profit of $23 million or $0.05 per share compared to a loss of $88 million or $0.21 per share. Wall Street analysts' had estimated Macy's (M) would report EPS of $0.04. Net sales at the retailer were $5.574 billion from $5.199 billion in the year ago...
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Macy’s Reports Earnings; Shares Fall Slightly
Wednesday, May 12, 2010 - 9:11am | 98Shares of Macy’s (NYSE: M) are moving lower in the pre-market by 0.63% to $23.75 after the company reported earnings that beat the consensus by $0.01 EPS. Their revenues rose 7.2% year over year to $5.57 billion; this also beat the Street by $0.03 billion. Macy’s reaffirmed their guidance (which...
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Stocks To Watch For May 12 (M, CSCO, DIS, WFMI, JACK)
Wednesday, May 12, 2010 - 6:51am | 198Some of the companies that may grab investor focus today are: Macy's Inc (NYSE: M) had forecasted an EPS of $0.04 for the first quarter. M’s shares fell 0.84% to $23.70 in after hours trading. Analysts expect Cisco Systems (NASDAQ: CSCO) to report an EPS of $0.39 for the third quarter. CSCO’s...
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Protection Sold in J.C. Penney
Tuesday, May 11, 2010 - 1:30pm | 124Shares of J.C. Penney Inc. (NYSE: JCP) are trading off slightly on the session to $29.51, but appears to be getting a vote of confidence from the options market. The May $29 put looks to have been sold 4,000 times; open interest on the strike is 5,574 contracts. The November $28 put seems to have...
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Nordstrom Enters New York Market (JWN)
Monday, May 10, 2010 - 6:20pm | 160Nordstrom Inc. (NYSE: JWN) has announced opening its Nordstrom Rack in New York City. The upscale retailer had long been searching for a suitable location for its debut in the city. The new store is slated to open Tuesday. Geevy Thomas, Nordstrom’s (JWN) president, said, “We have high expectations...
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Retailers Disappointed In April (COST, GPS, ANF, TGT, COST, WAG, TGT, JWN, M, ZUMZ, HOTT)
Thursday, May 6, 2010 - 3:11pm | 415Today was the day when top retailers ranging from Costco Wholesale (NASDAQ: COST) to Gap (NYSE: GPS) posted disappointing same-store sales for the month of April. The results were a clear indication that Wall Street was expecting too much of a consumer rebound. Of the 28 retailers tracked by...
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Traders Bet Saks Will Sink
Wednesday, May 5, 2010 - 10:33am | 115Saks Inc. (NYSE: SKS) has been consolidating around the $10 level for a few weeks now; normal technical theory suggests that after a period of congestion a break-out is imminent. It appears that traders are betting the stock breaks lower. 2,000 of the May $10 outs were purchased a short while ago,...
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J.C. Penney To Spend More On Technology (JCP)
Tuesday, May 4, 2010 - 12:19pm | 145J.C. Penney Co. (NYSE: JCP) is planning to increase its tech expenditure, as it believes that online sales and better inventory management will be the main drivers for its growth. The Wall Street Journal has reported that the retailer is adding mobile and interactive features to its e-commerce site...
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Retail Rally On (XRT, ANN, TIF, ANF, TGT, JWN)
Monday, May 3, 2010 - 2:20pm | 117Retailers are showing strength today after a brutal selloff on Friday. The SPDR Retail ETF (NYSE: XRT) is up 89 cents, or 2.08%, to $43.65 today. Here are how some retail names are faring today: AnnTaylor (NYSE: ANN) is up $1.34, or 6.18%, to $23.04. Tiffany & Co. (NYSE: TIF) is up $1.03, or 2....
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V.F. Corp.’s (VFC) Profits Beat Estimates
Friday, April 30, 2010 - 11:23am | 153With strong global demand of V.F. Corp. (NYSE: VFC) products, the first quarter profit of the company increased by 62 percent. Profits increased from 91 cents a share, a year earlier, to $1.46 a share in first quarter. Analysts had expected first quarter profit of around $1.14 a share. The first...
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Afternoon Market Update Goldman Sachs (NYSE: GS), Sears Holdings (NASDAQ: SHLD)
Thursday, April 29, 2010 - 3:36pm | 311According to German officials, IMF chief Dominique Strauss-Kahn has pledged to increase Greece's aid package, currently at €45 billion, to as much as €120 billion ($158 billion) over the next three years. Meanwhile, Germany's Merkel has commented that talks to provide aid to Greece require fast...