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Macy's SSS For January Up 3.4%
Thursday, February 4, 2010 - 9:14am | 93Macy's (NYSE: M) reported its January comparable SSS growth at 3.4%. This compares to the Retail Metrics estimate of flat. M’s total sales also jumped 3.4%, to $1.26 billion. The company has raised its EPS guidance for Q4 to $1.35-$1.37, from the earlier forecast of $1.14-$1.18. The analysts are...
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Sears (SHLD) Making The Best Of The Rebate Program: CNBC
Wednesday, February 3, 2010 - 12:52pm | 118Sears (NYSE: SHLD), the nation’s largest seller of appliances, is positioning itself to take full advantage of a recently launched $300 million appliance rebate program from the Obama administration. According to CNBC, Sears banked upon the fact that 70 percent of consumers initiate their appliance...
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January Retail Data Shows Strong Trend
Tuesday, February 2, 2010 - 9:30am | 153According to a report released by Goldman Sachs (NYSE: GS) yesterday, Retail Forward’s monthly spending survey showed stabilized sentiments and thus gave a positive start to 2010. The report also stated that retail traffic was also healthy due to clearance sales. However, it expects that the...
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Non-Trend Following Indicators or Oscillators
Tuesday, February 2, 2010 - 7:04am | 399The weakness of the moving average method is related to the calculation of buy/sell opportunities by working on past data. The slow prediction of buy/sell chances that are available is attributed to the problem of time lag that occurs as faster average (short-term average) takes longer to cross the...
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Non-Trend Following Indicators or Oscillators
Tuesday, February 2, 2010 - 7:04am | 399The weakness of the moving average method is related to the calculation of buy/sell opportunities by working on past data. The slow prediction of buy/sell chances that are available is attributed to the problem of time lag that occurs as faster average (short-term average) takes longer to cross the...
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Company News for February 1, 2010 - Corporate Summary
Monday, February 1, 2010 - 10:26am | 200• ExxonMobil (NYSE:XOM) posted fourth quarter earnings of $1.27 a share, beating Zacks of $1.19 a share, versus $1.55 a year ago. The company reported revenues of $89.84 billion • Humana (NYSE:HUM) posted fourth quarter earnings of $1.48, in-line with Zacks estimates, versus $1.07 on revenues of $...
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Bruce Berkowitz of Fairholme Funds (FAIRX) Slashes Pfizer (PFE) Stake, Exits Boeing (BA) and Northrop Grumman (NOC); Adds to Berkshire Hathaway
Sunday, January 31, 2010 - 2:52pm | 1186Fresh off his "Morningstar Manager of the Decade", we have some update's on the moves of the very schrewd Bruce Berkowitz in relation to his Fairholme Fund (FAIRX). The biggest change is his massive stake in Pfizer (PFE) has been cut back severely; since the data is as of Nov 30th it looks like he...
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Estée Lauder (EL) Profits Surge 62% On International Demand
Thursday, January 28, 2010 - 12:46pm | 192Estée Lauder Companies Inc. (NYSE: EL), the maker of beauty product lines such as M*A*C and Clinique, reported a 62% jump in 2nd fiscal quarter profit on Thursday. Estée Lauder's profit for the 2nd fiscal quarter ending on December 31 was $256.2 million, or $1.28 per share, up from $158 million, or...
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Patty Edwards Of Storehouse Likes TJX, BKE, ARO, JWN, WMT
Tuesday, January 26, 2010 - 4:10pm | 184Consumer confidence is up for the third month in a row, and it reached its highest levels since September 2008. Patty Edwards of Storehouse said on CNBC's Fast Money Half Time Report that, besides Wal-Mart (NYSE: WMT), she likes The TJX Companies, Inc. (NYSE: TJX), The Buckle, Inc. (NYSE: BKE),...
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Cramer Says Time To Buy AA, Sell APOL, WNR and ACTI
Wednesday, January 13, 2010 - 7:35am | 354In his “Mad Money” show, Cramer said that the markets need a breather, which was provided by Obama's most recent plans to penalize financial institutions. Jim Cramer advocated buying Alcoa (NYSE: AA) and emphasized that the company’s cash flow numbers signaled a recovery in all sectors, ranging...
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KNOT’s MACY’s Contract To Be EBITDA Dilutive
Tuesday, January 12, 2010 - 1:46pm | 150Analysts at Deutsche Bank maintain their "hold" rating on The Knot Inc (NASDAQ: KNOT). The target price for KNOT has been reduced from $10 to $8. The Knot has announced that it will no longer host and manage registry websites for Macy's (NYSE: M) and Bloomingdale's, subject to a new three-year deal...
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Analysts Skeptical after Knot Inc (KNOT) Ties New Knot with Macy’s (M)
Tuesday, January 12, 2010 - 1:06pm | 221Knot Inc (NASDAQ: KNOT) has signed new three-year registry agreement with Macy’s (NYSE: M), replacing the previous agreement (expiring on Jan 2011). The new agreement is all set to begin in Feb 2010, and from this date The Knot will no longer host the registry Web sites for Macy’s online properties...
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BlackRock Inc. (BLK) Reports 12.73 Pct Stake In Saks Incorporated (SKS)
Monday, January 11, 2010 - 12:07pm | 79BlackRock Inc (NYSE: BLK), the world's biggest fund manager, reported a 12.73 percent stake in Saks Incorporated (NYSE: SKS), according to a regulatory filing on Friday. The filing with the Securities and Exchange Commission reported that BlackRock Inc. owned about 20.3 million shares in Saks...
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Top 5 Most Advanced NASDAQ Stocks (ZUMZ, INSP, SHLD, HRTN, PARD)
Friday, January 8, 2010 - 11:24am | 137Today’s lists of most advanced stocks form a varied mix. Leading the pack is specialty retailer Zumiez Inc. (NASDAQ: ZUMZ) which has risen 18% from $12.68 to $15.00. At second position is Infospace Inc. (NASDAQ: INSP), for which premarket sale at a premium of 15.34% over closing was reported....
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Stock Market News for January 08, 2010 - Market News
Friday, January 8, 2010 - 10:16am | 540A day before the government’s eagerly awaited December employment report, market participants refrained from making big moves even as hope grew the nation will break a 23-month streak of job losses. Stronger-than-expected retail sales number, nevertheless, helped calm nerves as concerns about...