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Judgement Day For Retailers, Super Saturday Beckons! (WMT, TGT, URB, SHLD, AMZN, ANF)
Friday, December 18, 2009 - 1:59pm | 245After a better than expected Black Friday, retailers in the United States hope for an encore this Sunday, which happens to be a week before Christmas. Reuters reports that the general prediction is that bargain hunters will flood retail outlets and hopefully deliver retailers their best sales week...
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Sears Holding Corp. (SHLD) Announces Additional Share Repurchase
Thursday, December 17, 2009 - 11:07am | 128Sears Holdings Corporation (NASDAQ: SHLD)(FREE stock trend analysis), USA’s fourth largest broadline retailer, announced that its board of directors have approved the repurchase of an additional $500 million of the company's common shares. This authorization is in addition to the $82 million worth...
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Macy’s Ready to Bounce?
Wednesday, December 16, 2009 - 10:34am | 125Call activity was hot and heavy in Macy’s (NYSE: M)(FREE stock trend analysis) yesterday, with the majority of the volume coming on the Jan 2010 20 strike call. Over 35,000 contracts traded hands, in large blocks, even as the stock dropped over 3% during the day. This is usually a very bullish sign...
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Walmart (WMT), Other Big Retailers Recall 50 Million Blinds
Tuesday, December 15, 2009 - 4:28pm | 110The retailers led by Wal-Mart Stores Inc. (NYSE: WMT) have announced the recall of at least 50 million window blinds and shades in the U.S. because of strangulation risk to children. Other retailers participating in the voluntary recall, besides Wal-Mart, included J.C. Penney Co. (NYSE: JCP), Big...
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Cramer’s Picks (C, TIF, KSS, JWN, BBY, SBUX, BK, HAL, NBR, BHI, BJS)
Tuesday, December 15, 2009 - 1:45pm | 293CNBC's Mad Money show host Jim Cramer promoted a number of stocks on December 14, with Citigroup (NYSE: C) being his hot favorite. C opens its gigantic $17 billion equity offer this week. The company is raising capital through stock issuance to repay its government TARP loan. Jim is also bullish on...
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Benzinga’s Top Upgrades (KSS, DFS, AMD, POT, SRCL, AGU)
Monday, December 7, 2009 - 10:45am | 239Kohl's Corporation (NYSE: KSS) was today upgraded by Baird from Neutral to Outperform with a price target of $68. KSS is now trading at $54.56, 1.60% up. So far in 2009, KSS gained over 49%. Discover Financial Services (NYSE: DFS) climbed 2.57% to $15.57. Today, Sterne Agee upgraded Discover...
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Saks (SKS) Revises 3Q Results Due to Tax Benefit
Monday, December 7, 2009 - 7:58am | 105Luxury retailer Saks Inc. (NYSE: SKS) restated its Q3 profit to add a $4.4m tax benefit, bumping its net income to $6.3m from $1.9m. It originally reported on Nov. 17 that it had earned its first quarterly profit in six quarters by cutting expenses and promotions. The $4.4m had been put aside for a...
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Retail Stocks Present Buying Opportunities: Goldman Sachs (GS)
Friday, December 4, 2009 - 3:14pm | 190Goldman Sach’s (NYSE: GS) sector overview of the retail sector highlights the impact on apparel sales in the U.S. owing to unseasonably warm weather. The Northeast region especially lagged in winter apparel sales. J.C. Penney (NYSE: JCP) and Kohl’s (NYSE: KSS) saw a slump in the children’s apparel...
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Deutsche Bank: Is November Sales False Negative Or Fail Nail?
Friday, December 4, 2009 - 1:29pm | 147Deutsche Bank AG (NYSE: DB) noted that its November Broadline Index was up 0.6%, compared to its estimate of 1.7% and consensus estimate of 2.4%. DB’s top picks were Dillard’s Inc. (NYSE: DDS), Nordstrom, Inc. (NYSE: JWN), Saks Incorporated (NYSE: SKS), J.C. Penney Company, Inc. (NYSE: JCP) and...
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Morgan Stanley (MS): November Retail Sales Disappointing
Friday, December 4, 2009 - 1:17pm | 133Morgan Stanley (NYSE: MS) noted that November retail comparable sales growth at 0.6 percent underperformed market expectations by 160 bps. The biggest miss came from department stores (-3.8% comp, underperforming consensus by 230 bps) and discount stores (2.2%, underperforming by 180 bps). Off...
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Stock Market News for December 04, 2009 - Market News
Friday, December 4, 2009 - 10:29am | 356After spending much of the session struggling to find direction, U.S. stocks ended lower Monday as investors grew anxious ahead of this morning’s non-farm payrolls report. The sell-off that intensified in the final 20 minutes of the session saw the Dow Jones industrial average giving up 87 points...
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Storehouse Partners Likes KSS And ROST
Thursday, December 3, 2009 - 7:43pm | 110Patricia Edwards of Storehouse Partners, said on CNBC's Fast Money that sales from November were horrible, and that retailers were not exaggerating when they said that consumers are not that strong. In the retail sector, Patricia Edwards likes Kohl's (NYSE: KSS) and Ross Stores (NASDAQ: ROST). Kohl...
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Companies Moving To Corporate Bonds For Pension Portfolios
Thursday, December 3, 2009 - 2:44pm | 162In a move to eliminate uncertainty for shareholders caused by underfunded pensions, companies have started moving pension funds from stocks to investment-grade bonds. Pension funds are increasing allocations of investment- grade debt to the highest level since the 1970s. J.C. Penney (NYSE: JCP),...
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Stock Market News for December 02, 2009 - Market News
Wednesday, December 2, 2009 - 10:10am | 484Investors pumped more money into equities, sending the Dow Jones industrial average to its 14-month high, as Dubai World said it is in talks to restructure about half of its debt. Also, a cheaper dollar sent commodities prices higher, helping shares of energy and material companies. Data showing...
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Howard Davidowitz's Winners In The Retail Sector (KSS, DLTR, BBBY, WMT, AMZN)
Tuesday, December 1, 2009 - 9:32pm | 403Retail expert Howard Davidowitz said in an interview on Tech Ticker that he is bearish on U.S. consumer as unemployment is at 26 year high and Americans are saving more. But he thinks that there are still opportunities in the retail sector as he believes in retailers that are effective in cost-...