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M Undertakes Impressive New Initiatives
Wednesday, April 28, 2010 - 2:56pm | 182Analysts at Buckingham Research maintain their "buy" rating on Macy's Inc (NYSE: M), while raising their estimates for the company. The target price for M has been raised from $28 to $30. The analysts believe that Macy's new initiatives could drive “multi-year increases in market share, comp store...
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Follow the Leader: Goldman Sachs’ Top 15 Stock Holdings (AAPL, BAX, CSCO, DG, EDMC, EEM, GS, IWM, JNJ, JPM, MSFT, ORCL, PEP, PG, SPY, XOM)
Tuesday, April 27, 2010 - 4:26pm | 789Wall Street, bent but not broken, rumbles on in search of new profits. Vulture investing is back in vogue again. Risk is being reintroduced into the systems. Wall Street firms generate enormous profits by continuing to take risks when the government and taxpayers provide an implicit, if not...
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Earnings Roundup (M, MMM, VLO)
Tuesday, April 27, 2010 - 11:24am | 275Macy's Inc (NYSE: M) has raised its earnings outlook for 2010 to $1.75-$1.80 a share from $1.55-$1.60, while upping its same-store sales growth projections to 3%-3.5% from the previous guidance of 1%-2%. Analysts expect the department store chain to earn $1.77 a share in 2010. M said that it...
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Retailers Partying Like It Is 2007 As Ralph Lauren Goes To Bed, Bath And Beyond
Friday, April 23, 2010 - 12:55pm | 323A recovery on the economy from massive amounts of stimulus and market propping is still a recovery according to retailers like Polo Ralph Lauren Corporation (NYSE: RL), Bed Bath & Beyond Inc. (NASDAQ: BBBY), Urban Outfitters, Inc. (NASDAQ: URBN), Target Corporation (NYSE: TGT), The Gap Inc. (...
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Market Commentary (AAPL, GS, BP, RIG, SHLD)
Friday, April 23, 2010 - 11:07am | 232According to securities law professors, Goldman Sachs (NYSE: GS) is taking a risk in fighting the SEC instead of simply cutting its losses. Goldman is most likely to lose its motion to throw out the suit as it lacks legal merit. The risks will mount, thereafter, weakening its negotiating position....
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Ecuador: Correa’s Play for Greater Influence in the Oil Sector
Friday, April 23, 2010 - 8:25am | 2000Summary Ecuadorean President Rafael Correa is pressuring foreign oil investors to change from production-sharing agreements to service contracts, or else face expropriation. Correa is looking to enhance the state’s authority over oil revenues and thus enhance his own political security, but is...
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Ecuador: Correa’s Play for Greater Influence in the Oil Sector
Friday, April 23, 2010 - 8:25am | 2000Summary Ecuadorean President Rafael Correa is pressuring foreign oil investors to change from production-sharing agreements to service contracts, or else face expropriation. Correa is looking to enhance the state’s authority over oil revenues and thus enhance his own political security, but is...
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Gold Man, Gold Bug, Golden Opportunity, Goldman Sachs (NYSE:GS)
Thursday, April 22, 2010 - 1:38pm | 1796The big news in the markets and media is Goldman Sachs (NYSE:GS), just charged with a fraud suit that alleges they didn’t disclose material information about a CDO they packaged and sold in 2008. The stock promptly sold off to the tune of 15% (down nearly $30, to $155) before rebounding to settle...
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J.C. Penney Raises Quarterly Guidance (JCP)
Tuesday, April 20, 2010 - 12:42pm | 119J.C. Penney (NYSE: JCP) Chief Myron Ullman has said that the U.S. consumer is still under pressure. Speaking at the department store operator’s annual analyst day, he said, “The midpoint consumer has a lot on her mind.” But he added, “All the economic indicators are going in the right direction.”...
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Citigroup (C): How You Might Trade a Low-Dollar Stock
Tuesday, April 20, 2010 - 12:20pm | 1594Citigroup may seem like a complicated stock to trade at its current low price, but trading 1,000 shares of Citigroup at $4.88 is like trading 100 shares of a stock worth $48.80. Investments, after all, should be viewed in terms of percentage returns. The same general concept is true for options...
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How One Investor is Using Options to Manage Risk in Weyerhaeuser (WY)
Tuesday, April 20, 2010 - 12:06pm | 1626Weyerhaeuser (NYSE: WY) is a grower, harvester and distributor of lumber around the world. WY is primarily focused on supplying lumber for many construction applications specifically, new home construction. WY, expected to lose money this quarter, will report earnings on April 29, 2010. The company...
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Benzinga's After Hours Decliners (BRCD, SHLD, DTV, SKS)
Monday, April 19, 2010 - 7:11pm | 270Among the notable names that have moved lower in the after hours trading session are Brocade (NASDAQ: BRCD), Sears Holding Corp. (NASDAQ: SHLD), DirecTV (NASDAQ: DTV), and Saks Incorporated (NYSE: SKS). Shares of Brocade Communications (BRCD) have fallen 3.16% to $6.19 in late trading this evening...
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Retail Stocks Dip After Rise In Weekly Jobless Claims
Thursday, April 15, 2010 - 10:31am | 134Retail stocks have slipped today after the Labor Department announced an unexpected rise in the weekly jobless claims for two consecutive weeks. The continued rise in jobless claims has raised concerns regarding the recovery of the job market, which analysts say is the key to consumer spending....
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Retailers Gained On Higher-Than-Forecasted March Retail Data (HOTT, BKS, CROX, AMZN, BBI, BGP)
Thursday, April 15, 2010 - 7:44am | 270Retailer shares rallied yesterday after the Commerce Department released better-than-expected retail data for March. While analysts were expecting 1.2% growth in March retail sales, the department said that the growth was sharper at 1.6%. The news drove the S&P Retail Index up by 0.9% to 476.72...
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Top 5 Large-Cap NASDAQ Stocks With Highest EPS (GOOG, SHLD, AAPL, CME, ISRG)
Wednesday, April 14, 2010 - 5:39am | 170Below are the top five large-cap stocks in the NASDAQ in terms of earnings. Google Inc (NASDAQ: GOOG) earned $6.15 per share in the latest quarter. GOOG’s quarterly earnings growth is 416.20%. Sears Holdings Corporation (NASDAQ: SHLD) earned $3.74 per share in the latest quarter. SHLD’s quarterly...