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J.C. Penney (JCP) Shares Climb 7%
Friday, February 19, 2010 - 8:29pm | 96Shares of J.C. Penney Company, Inc. (NYSE: JCP) climbed more than 7% after the retailer released a better than expected 4th quarter earnings report. J.C. Penney Company reported that it earned $200 million, or 84 cents per share, down from $211 million, or 95 cents per share, during the same...
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Top Narrow Based Indexes Today
Friday, February 19, 2010 - 1:29pm | 170The Dow Jones Industrial Average has gained 32 points and is currently trading at 10,425. The best performing narrow based indexes today have been the Air Delivery Stocks, which have gained 1.5%, Department Store Stocks, up 1.2%, and Diversified Utilities, which have appreciated 1.4%. In the Air...
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J.C. Penney (JCP) May Show Breakout Above $28.34 Despite Sluggish Sales
Friday, February 19, 2010 - 12:49pm | 130J.C. Penney (NYSE: JCP), a leading retail chain, soared 8.85% by mid-day trading on Friday after J.C. Penney (JCP) posted profits in the Q4 which beat the analysts’ expectations. J.C. Penney (JCP), which started the session with a gap-up opening on Friday, had already breached above its 50 day MA...
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Stock Market News for February 19, 2010 - Market News
Friday, February 19, 2010 - 10:20am | 374U.S. stocks closed higher for a third straight session as an increase in regional manufacturing helped offset concerns about unemployment and disappointing sales at Wal-Mart. The retailer’s cautious forecast failed to deter investors from building positions as better-than-expected earnings reports...
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JCP Delivers The Merchandise, Up In Premarket
Friday, February 19, 2010 - 9:33am | 242JCPenney (NYSE: JCP) reported fourth quarter earnings of $0.84, which compared to expectations of $0.82. The adjusted fourth quarter EPS increased by 21% from the prior year. Earnings from continuing operations for the year were $1.07. Revenue was in line around $5.55 billion. CEO Myron Ullman...
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Benzinga’s Top Pre-Market Gainers (GNVC, NVAX, SHPGY, FSYS, JCP)
Friday, February 19, 2010 - 9:18am | 348GenVec, Inc. (NASDAQ: GNVC) increased 5.58% to $2.42 in the pre-market session. GenVec announced today a new contract with the Department of Homeland Security to continue the development of adenovector-based vaccines against foot-and-mouth disease. The 52-week trading range for GNVC is $0.35 - $3....
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Top 5 Stocks For February 19, 2010 (RAD, JCP, HUN, TASR, WMT)
Friday, February 19, 2010 - 8:25am | 265The trading session on Thursday ended on a high note, with the Dow Jones Industrial Average (DJIA) jumping 83.66 and the Nasdaq gaining 15.42 points. Meanwhile, the S&P 500 rose 7.24. Some of the top stocks that might gain prominence today are: Following the takeover of Duane Reade’s 257...
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5 Retailers That Have Better Prospects Than WMT (GES, TRLG, URBN, JWN, SKS)
Thursday, February 18, 2010 - 2:30pm | 242Following disappointing results posted by Wal-Mart (NYSE: WMT) and weaker-than-estimated guidance for the current quarter, Eric Beder, associate director of equity research at Brean Murray Carret, told CNBC that the company’s performance was much better last year. Beder added that WMT was among the...
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Stock Market News for February 16, 2010 - Market News
Tuesday, February 16, 2010 - 10:30am | 445China’s move to contain rapid credit growth by limiting bank loans and European Union’s weak gross domestic product unnerved investors Friday, sending the Dow average down as much as 160 points in the morning session. Later, the blue-chip index pared much of those losses to close down 45 points as...
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Iconix Brand Group (ICON) Rises 3% After Upgrade
Wednesday, February 10, 2010 - 6:02pm | 104Shares of Iconix Brand Group, Inc. (Nasdaq: ICON) closed up more than 3% for the day after Brean Murray raised its rating of the brand management company from Hold to Buy. The upgrade reverses Brean Murray's downgrade of Iconix Brand Group from Buy to Hold just last September. Britney Spears...
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Company News for February 5, 2010 - Corporate Summary
Friday, February 5, 2010 - 10:25am | 198• Air Products (NYSE:APD) announced plans to acquire Airgas (NYSE:ARG) for $60 per share, or $5.1 billion • Aetna (NYSE:AET) reported earnings of 40 cents, two cent off estimates of 42 cents, on revenues of $8.7 billion, slightly better than the $8.65 billion expected. Below-Street guidance was...
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Stock Market News for February 5, 2010 - Market News
Friday, February 5, 2010 - 10:22am | 461An unexpected rise in jobless claims and lingering sovereign debt issues in Europe resulted in a massive selloff on Thursday, sending the blue-chip Dow average below the 10,000 mark for the first time since November. Commodities plunged as jittery investors propelled the dollar to a more than...
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Organizational Changes Brought Good Results: Macy’s (M) CEO
Thursday, February 4, 2010 - 12:53pm | 120Macy’s Inc. (NYSE: M) has issued strong sales numbers at $1.225 billion for the four week period ended on Jan.30, 2010. Macy’s same-store sales are up by 3.4%in January. Talking with CNBC, Terry J. Lundgren, chairman, president and chief executive officer of Macy’s Inc., said that the...
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Nordstrom Same Store Sales Increase By 14% in January (JWN, M)
Thursday, February 4, 2010 - 11:32am | 99Despite the holiday season, overall retail sales were down by 6.2% this fiscal. This is worse than the drop of 5% in 2008. Only two specialty retail stores, Macy’s Inc (NYSE: M) and Nordstrom Inc (NYSE: JWN) managed to book an increase in sales in the month of December. Fashion specialty retailer...
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Best Stock Picks by McAdams (AMZN, JWN, VZ, PFE)
Thursday, February 4, 2010 - 10:51am | 195The brokerage firm Research McAdams Wright Ragen has been giving the best returns over the last 36 months from its smart investments. One would be surprised by the choice of their investments, but the firm has shown consistent results in the past. McAdams Wright Ragen’s director, Paul Latta,...