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Hitting the Wall? Wal-Mart Earnings Analysis
Monday, August 19, 2013 - 11:05am | 1281Wal-Mart Stores, Inc. (NYSE: WMT) reported its F2Q 2014 result yesterday. WalMart reported declining traffic, like Macy's (NYSE: M) earlier this week. Based on these preliminary financial results for the quarter ended 2013-07-31 we analyze Wal-Mart relative to its peers (scroll to end of...
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Belus Capital Advisors' Brian Sozzi Comments On Macy's After The Earnings Miss, Notes Numbers Forecast Weakness For J.C. Penney
Wednesday, August 14, 2013 - 2:35pm | 432"I have been cautious on the retail sector into earnings season (exact term I have unleashed: it's a landmine), suggesting to avoid most of the names (other than being very confident on growth retailers Michael Kors (NYSE: KORS) due to positive store checks and master innovator, Starbucks (NASDAQ:...
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UPDATE: Macy's Posts Downbeat Q2 Profit, Lowers Outlook
Wednesday, August 14, 2013 - 9:27am | 90Macy's (NYSE: M) reported a rise in its fiscal second-quarter profit. Macy's quarterly profit surged to $281 million, or $0.72 per share, versus $279 million, or $0.67 per share, in the year-ago period. However, analysts were expecting a profit of $0.78 per share. Its sales declined 0.8% to $6....
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Earnings Scheduled For August 14, 2013
Wednesday, August 14, 2013 - 4:30am | 570Deere & Company (NYSE: DE) is projected to report its Q3 earnings at $2.17 per share on revenue of $9.28 billion. Macy's (NYSE: M) is estimated to report its Q2 earnings at $0.78 per share on revenue of $6.27 billion. Cisco Systems (NASDAQ: CSCO) is projected to post its Q2 earnings at $0.51...
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Stocks To Watch For August 14, 2013
Wednesday, August 14, 2013 - 4:03am | 179Some of the stocks that may grab investor focus today are: Wall Street expects Macy's (NYSE: M) to report its Q2 earnings at $0.78 per share on revenue of $6.27 billion. Macy's shares gained 0.62% to $48.80 in after-hours trading. Cree (NASDAQ: CREE) reported a 182% surge in its fiscal fourth-...
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Benzinga's Top Downgrades
Tuesday, August 13, 2013 - 7:48am | 127Analysts at Canaccord Genuity downgraded Vical (NASDAQ: VICL) from “buy” to “hold.” The target price for Vical has been raised from $7 to $1.40. Vical's shares closed at $1.53 yesterday. Cowen & Company downgraded athenahealth (NASDAQ: ATHN) from “market perform” to “underperform.” The target...
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Gilford Sees Finish Line Shares in $30-35 Range Over Next Two Years
Monday, August 5, 2013 - 1:33pm | 157Gilford Securities' Bernard Sosnick issued a reassuring note on Finish Line (NASDAQ: FINL) Monday morning. The analyst highlighted his belief shares of Finish Line could move into the $30 to $35 range over the next 24 months. Sosnick pointed at a conservative internal estimate from Finish Line...
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Stocks to watch for the week of July 8, 2013
Monday, July 8, 2013 - 3:23pm | 2337Michael Fowlkes, InvestorsObserver Alcoa reports second quarter results on July 8 What's happening with AA: Wall Street bellwether Alcoa (NYSE: AA) will report its second quarter results after the market closes on July 8. With aluminum prices weak, 2013 has not been a very good year for...
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Benzinga's Top Initiations
Thursday, June 27, 2013 - 8:23am | 146Analysts at Ascendiant Capital initiated coverage on shares of Regal Entertainment Group (NYSE: RGC) with a “buy” rating. The target price for Regal Entertainment is set to $21. Regal Entertainment's shares closed at $17.78 yesterday. Wedbush initiated coverage on shares of Prothena (NASDAQ: PRTA...
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Macy's Reports 20 Percent Increase in Q1 Profit
Thursday, May 16, 2013 - 9:33am | 118Macy's (NYSE: M) released Q1 earnings report on Wednesday, May 15th for the quarter ending May 4, 2013. The company reported sales in the first quarter of $6.387 billion, an increase of 4.0 percent over the $6.143 billion for the same period in 2012. Macy's has announced a $1.5 billion increase...
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PreMarket Info Recap for May 15, 2013
Wednesday, May 15, 2013 - 9:42am | 276Have you ever woken up to find that a stock in your portfolio made a dramatic move overnight? Are you interested in learning how to understand each day's post-market and pre-market moves? Veteran traders Joel Elconin and Dennis Dick will give you all of the insights that you'll need to get in on...
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Macy's Omnichannel Future
Wednesday, May 15, 2013 - 9:29am | 1481Macy's Inc (NYSE: M) is a good long term investment stock based on its long term price chart analysis as being an outperformer the past few years. Investors are bullish. Omnichannel retail will transform the consumer shopping experience. Omnichannel brings good opportunities for...
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US Stock Futures Down Ahead Profit Taking
Wednesday, May 15, 2013 - 6:03am | 383US Stock Futures are down, this morning lead by the record highs in all major US Indices. Futures for the Dow Jones Industrial Average droped 13 points to 15,178.00 and S&P 500 index futures slipped 3 points to 1,647.60. Nasdaq 100 futures gained 3.25 points to 2,998.00. US stock futures...
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Earnings Scheduled For May 15, 2013
Wednesday, May 15, 2013 - 4:39am | 1087Altair Nanotechnologies, Inc. (NASDAQ: ALTI) is expected to post its earnings report today. Arctic Cat Inc. (NASDAQ: ACAT) is expected to release its Q4 earnings at $0.40 per share on revenue of 121.20 million. Ares Commercial Real Estate Corporation (NYSE: ACRE) is estimated to report its Q1...
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Don't Be Fooled by the Retail Numbers—Just Be Selective
Wednesday, April 17, 2013 - 8:41am | 593By George Leong for Investment Contrarians When interest rates are as low as they are and consumers begin to hold back on their spending, you have to wonder about the prospects for the retail sector going forward. With the higher taxes on those earning over $400,000 and other tax...