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Bruce Berkowitz Says Winthrop Realty (FUR) To Remain Strong
Friday, January 8, 2010 - 9:23am | 147Fairholme fund’s Bruce Berkowitz shared his picks for Year2010 with CNBC. Bruce Berkowitz had been chosen as the Domestic Fund Manager of the year by Morningstar (NASDAQ: MORN). Berkowitz expressed his bullish views about Winthrop Realty (NYSE: FUR). According to him, Winthrop Realty has a very...
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Sears Holding Corporation (SHLD) Forecast Better-Than-Expected Q4
Thursday, January 7, 2010 - 3:07pm | 104Sears Holding Corporation (NASDAQ: SHLD) announced today its December same-store sales rose 0.4%. Sears reported that its Kmart comparable store sales jumped 5.3%. Sears announced that for the fourth quarter of 2010, it expects net income to be between $385 million-$465 million which is above...
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Sears Over $100 (SHLD)
Thursday, January 7, 2010 - 12:00pm | 131Eddie Lampert's Sears Holding Corp. (NASDAQ: SHLD) has had a great year as retailers have bounced back from the worst recession since the 1930s. Sears (SHLD), which also owns Kmart, said it expects its "adjusted earnings" to be between $3.36 and $4.06 a share for the quarter ended Jan. 30. This is...
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Retail Round-up (ZUMZ, ROST, LTD, COST, SHLD, BKE, HOTT, TGT, JWN, KSS)
Thursday, January 7, 2010 - 11:58am | 263Despite the fact that customers in the US have continued to be cautious about spending even during the holidays, retailers are reporting higher sales for December. Some of the retailers that posted higher-than-expected sales growth for the month are Target (NYSE: TGT), Kohl's (NYSE: KSS) and JW...
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Strong Finish For Retail Sector, (M, BKE)
Wednesday, January 6, 2010 - 9:27am | 115Retailers were able to sell more merchandise without resorting to drastic discounts as many had to in late 2008 during the global financial crisis. Online retailers, jewelers and consumer electronics retailers witnessed sales gains last month. However, sales fell at apparel chains and department...
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Jack & Jill: Wal-Mart and eBay, Part 1.
Sunday, January 3, 2010 - 8:23pm | 1026I am man enough to admit not all successes are of my own doing. Believe it or not my wife Jill has a knack for picking companies. She gave me Overstock.com (NASDAQ: OSTK) back in 2004 when the stock was trading in the high teens and again informed me that Crocs (NASDAQ: CROX) shoes were out of...
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Company News for December 31, 2009 - Corporate Summary
Thursday, December 31, 2009 - 9:59am | 216• A spat between the Fox division of News Corp. (NASDAQ:NWSA) and Time Warner Cable (NYSE:TWC) threatens to cause a midnight blackout of Fox programming, as Fox seeks $1/month/subscriber and Time Warner is willing to pay 20 cents. • Piper Jaffray (NYSE:PJC) maintains an "overweight" rating on...
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Market News for December 31, 2009 - Market News
Thursday, December 31, 2009 - 9:55am | 449Stocks ended the next-to-last day of 2009 virtually unchanged despite welcome news in manufacturing. A rising dollar and light volume held the market's gains in check. Year-to-date, the Dow has risen 20%, the S&P has climbed almost 25%, and the Nasdaq has gained 45%. All three indexes have...
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Retailers Will Deliver This Holiday Season (JCG, KSS, PLCE)
Tuesday, December 29, 2009 - 3:48pm | 146Analysts at Stifel Nicolaus (NYSE: SF) believe that retailers will deliver this holiday season as promised. Analysts believe that thoughtful, well-planned promotional efforts along with tightly controlled inventory and reduced expenses will contribute to results better than last year for most...
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Retail Stocks Get A Boost (AEO, M, JCP)
Tuesday, December 29, 2009 - 3:14pm | 113With three shopping days still left in 2009, early figures on consumer spending are encouraging. In reaction to the positive news, there was a rise in some retail stocks on Monday. American Eagle Outfitters (NYSE: AEO) shares rose 3% to close at $16.80. Macy’s Inc. (NYSE: M) shares rose 19 cents...
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Optimistic Expectations For December Retail Sales (AEO, JCP, ARO, KSS, JWN)
Monday, December 28, 2009 - 8:55am | 204Analysts at Thomas Weisel Partners expect retailers to come out with strong December numbers in spite of the havoc caused by the snow. Last minute holiday sales are expected to boost December retail sales. Online sales have also been encouraging. Online sales during Thanksgiving were in the high...
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Jon Najarian Is Bullish On JWN And TJX, Bearish On JAS
Thursday, December 24, 2009 - 6:08pm | 132OptionMonster.com co-founder Jon Najarian said on CNBC's Fast Money that he is bullish on Nordstrom (NYSE: JWN), because the January call options action suggests him that this stock is going higher. He believes that big investors are interested in the stock. Nordstrom (JWN) fell 0.27% today and...
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Hold Rating For Liz Claiborne Inc. (LIZ)
Tuesday, December 22, 2009 - 1:21pm | 124Analysts at KeyBanc Capital Markets gave a Hold Rating to Liz Claiborne Inc. (NYSE: LIZ). Analysts feel that there is significant upside potential at Liz Claiborne if the company is able to complete its transformation. However, the analysts believe that the risk profile of the company remains...
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RadioShack (RSH) And Walmart (WMT) To Remain Strong
Monday, December 21, 2009 - 3:27pm | 143The retail sector, fueled by a solid online sales trend, is likely to fare well in the coming year. Talking to CNBC, Style File Group analyst Hitha Prabhakar placed her bets on value stocks such as WalMart (NYSE: WMT) and J Crew (NYSE: JCG). She stated that she would stay away from luxury stocks...
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What Will Drive Retail Growth in 2010? (JWN, M, WMT, COST, KSS, TIF)
Friday, December 18, 2009 - 5:13pm | 342The year 2009 has seen an increase of nearly 47% in the S&P Retail Index, which is more than double the S&P 500’s return of 21.3%. Barclays (NYSE: BCS) notes in its 2010 Retail Outlook that the stocks that were impacted the most by recessionary concerns have led the recovery, including...