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UPDATE: Citigroup Reiterates Buy, $48 on Macy's
Wednesday, April 11, 2012 - 12:19pm | 137Citigroup reiterates its Buy rating and $48 price target on Macy's (NYSE: M) following the upgrade in the company's credit rating to BBB from S&P. Citigroup notes, "S&P upgraded its corporate credit rating for Macy's one notch to 'BBB' from 'BBB-,' due to the company's strong performance...
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UPDATE: UBS Initiates Retail Coverage: Macy's, JC Penney, Saks, Nordstrom, Kohl's
Wednesday, April 11, 2012 - 12:15pm | 93UBS initiated coverage of Macy's (NYSE: M), JC Penney (NYSE: JCP), Saks (NYSE: SKS), Nordstrom (NYSE: JWN), and Kohl's (NYSE: KSS) in a research note published today. UBS initiated Nordstrom at Buy, with a $63 price target. UBS initiated Kohl's, JC Penney, Macy's, and Saks with Neutral ratings and...
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Four Pitfalls of the Forward Roll
Friday, April 6, 2012 - 6:42pm | 810Traders, especially covered call writers, love the forward roll. It helps avoid or defer exercise, creates additional income, and helps keep ownership of stock that is on an uptrend. But there are potential problems. Among these are the following four every covered call writer needs to remember:...
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Macy's, Inc. Same-Store Sales Rise 7.3% in March
Thursday, April 5, 2012 - 8:00am | 92Macy's, Inc. (NYSE: M) today reported total sales of $2.358 billion for the five weeks ended March 31, 2012, an increase of 6.9 percent compared with total sales of $2.206 billion in the five weeks ended April 2, 2011. On a same-store basis, Macy's, Inc. sales were up 7.3 percent in March 2012 as...
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Natural Gas Distribution Hiccups Will Be Resolved: Alistair Toward
Thursday, April 5, 2012 - 4:00am | 2994The Energy Report: As the oil and gas analyst for PI Financial, you have your finger on the pulse of this industryboth in the U.S. and Canada. What are the dominant market forces right now, and what trends may unfold over the next year or two in this sector? Alistair Toward: On the oil side, we do...
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Stocks Watchlist For Wednesday, April 04
Wednesday, April 4, 2012 - 3:57am | 948( click to enlarge ) Level 3 Communications, Inc.(NYSE: LVLT) stock is building a nice flag, holding above 20 day SMA. Watching for 26.7 breakout. ( click to enlarge ) Macy's, Inc. (NYSE: M) surged 1.69% to 40.89 breaking out an important resistance with heavy volume. We should be able to...
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Big Picture, Small Cap Investing: Jim Letourneau
Tuesday, April 3, 2012 - 4:00am | 3149The Energy Report: You publish the Big Picture Speculator. What does that title imply?Jim Letourneau: I believe the macro context is often more important than the details about an individual company. I read a broad range of material every day that helps me form my views, and one of my best skills...
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How to Play the Cleantech Energy Boom: Pavel Molchanov
Thursday, March 29, 2012 - 4:00am | 2831The Energy Report: Your research at Raymond James covers a number of alternative energy and biofuel companies. Can you give us a brief description of the various cleantech industry segments?Pavel Molchanov: The cleantech arena comprises four key areas in terms of what's investable in the public...
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Energy Metals Bonanza: Chris Berry
Tuesday, March 27, 2012 - 4:00am | 5124The Energy Report: Please tell our readers about TIMBIs and CIVETS and their expected contributions to global gross domestic product (GDP) growth over the next five years and beyond.Chris Berry: About 10 years ago, Jim O'Neill from Goldman Sachs coined the term BRICs: Brazil, Russia, India and...
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Rare Earth Metals Growth Drivers: Siddharth Rajeev
Tuesday, March 27, 2012 - 4:00am | 2483The Critical Metals Report: China recently announced it is maintaining its rare earth export quotas of 31,130 metric tons (t), but the U.S., the EU and Japan filed a claim at the World Trade Organization (WTO), saying that the restrictions are illegal. What will this controversy mean for rare earth...
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Macy's Outlines Enhanced Focus to Drive Growth Among Millennial Customers
Wednesday, March 21, 2012 - 8:04am | 568Macy's, Inc. (NYSE: M) today outlined a new initiative to grow and develop Macy's business with customers in the Millennial generation (ages 13 to 30). This is now America's largest and most diverse generation, spending an estimated $65 billion each year for the type of goods sold at Macy's. Key...
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Boomerang Generation: Between Freedom and Fetters
Friday, March 16, 2012 - 1:33pm | 2391The Christian Science Monitor's Husna Haq had an interesting article Thursday on how three in 10 young adults are moving back home to live with parents in the midst of a struggling economy and a dire job market. From the article: "Unable to find well-paying work in a weak economy, escalating...
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Profit with Undiscovered Oil and Gas Plays: Josh Young
Thursday, March 15, 2012 - 4:00am | 2559The Energy Report: When we last spoke three months ago, West Texas Intermediate (WTI) crude was trading at around $98 per barrel (/bbl). Since then we've had a spike up for a combination of reasons. Do you think that all the talk of $5 per gallon (/gal) gasoline is real or just hype by oil...
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Uranium Markets Evolve: Geordie Mark
Tuesday, March 13, 2012 - 4:00am | 1809The Energy Report: It's been nearly one year since the nuclear disaster in Fukushima, but there's not a lot of blowback from environmentalists or politicians. An index of uranium equities is up 46% from their bottom on Oct. 4, although it's still 50% underwater from a year ago. Has the Fukushima...
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The Nuclear Revival: Mark Lackey
Thursday, March 8, 2012 - 4:00am | 3507The Energy Report: The Fukushima disaster, protests in Australia over lifting a ban on uranium exploration, and a fire aboard a Russian nuclear submarine in December indicate negative sentiment toward nuclear power. Why would investors risk exposure to a commodity that is so price sensitive to...