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Macy's February Same-Store Sales Rise 4,6%
Thursday, March 1, 2012 - 9:38am | 47Macy's Inc (NYSE: M) reported a 4.6% rise in its February same-store sales. Analysts were expecting a 3.5% rise in same-store sales. Macy's total sales for the four weeks ended February 25 climbed 5.5% to $1.86 billion. Macy's shares gained 1.13% to $38.40 in pre-market trading.
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Nuclear Power Is on an Upswing: Jeb Handwerger
Thursday, March 1, 2012 - 4:00am | 2933The Energy Report: I can see from your newsletter that you are bullish on uranium. Can you explain why?Jeb Handwerger: The worldwide demand for electrical power is giving rise to a nuclear renaissance. Even before the events in Japan in March 2011 there was renewed interest. In some ways, the...
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Financial Breakfast: Morning News Summary for February 29, 2012
Wednesday, February 29, 2012 - 8:23am | 1084Wednesday, February 29, 2012 This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session. Benzinga's Top News Costco Wholesale (NASDAQ: COST) Reports Q2 EPS $0.90 vs $0.87 Est; Revenues $22.97B vs $22.80B Est SodaStream...
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Tap Energy Profits with Undervalued Producers: Chen Lin
Tuesday, February 28, 2012 - 4:00am | 3539The Energy Report: Chen, you follow world events very closely. Do events in Europe, especially Greece, have any effect on any of your decisions to buy or sell?Chen Lin: Yes, but I look more at the fundamentals. Greece is on the edge of bankruptcy, but I think the market is well prepared for that. I...
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Doom, Boom, and Gloom: Waiting for a Market Pullback
Sunday, February 26, 2012 - 1:18pm | 2114Given issues related to gas prices and unemployment, one has to wonder why the market continues to climb. On Feb. 24, 2012, the S&P 500 closed to 1,365.74, a gain of 8.6 percent thus far in 2012. Does the recent climb signal a healthy recovery or a coming drop?I. While We Wait for a Market...
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Earnings Expectations for the Week of February 27
Sunday, February 26, 2012 - 11:58am | 1080On the heels of last week's quarterly results from Walmart (NYSE: WMT), Home Depot (NYSE: HD), Macy's (NYSE: M) and many other retailers, this week will bring more earnings reports from shopping mall and strip mall standbys. Auto parts and accessories purveyor AutoZone (NYSE: AZO) is expected to...
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Fast Money Picks For February 23rd
Wednesday, February 22, 2012 - 8:58pm | 186On CNBC's Fast Money, Karen Finerman said that she would buy Billabong International Limited (ASX: BBG) on Thursday. Billabong International Limited (ASX:BBG) is an Australian stock, and it fell 0.72% on Thursday. Mike Khouw suggested that owners of MGM Resorts International (NYSE: MGM) should...
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Fast Money Picks For February 22nd
Tuesday, February 21, 2012 - 8:00pm | 241On CNBC's Fast Money, Mike Khouw said that it is all right to own Macy's, Inc. (NYSE: M), but he would sell the March 40 call options in this name against a long position. Macy's, Inc. (M) gained 1.21% today, and it closed at $36.75. Stephen Weiss likes WellPoint, Inc. (NYSE: WLP) in the managed...
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Earnings Roundup
Tuesday, February 21, 2012 - 10:20am | 1031Macy's Inc (NYSE: M) reported a 12% rise in its fiscal fourth-quarter net income. Its same-store sales climbed 5.2%. Macy's quarterly earnings surged to $745 million, or $1.74 per share, from $667 million, or $1.55 per share, in the year-ago period. Its sales climbed to $8.72 billion from $8.27...
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US Stock Futures Up Ahead Of Earnings Reports
Tuesday, February 21, 2012 - 7:33am | 450US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 40 points to 12,969.00 and S&P 500 index futures rose 3.10 points to 1,362.80. Nasdaq 100 futures gained 1.75 points to 2,583.75. US stocks closed mixed on Friday, with the Dow Jones Industrial...
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Energy Investing in Saskatchewan: Tom MacNeill
Tuesday, February 21, 2012 - 4:00am | 3447The Energy Report: Even some of the most successful small-cap resource investors were schooled in 2011. What did you learn from last year's ups and downs?Tom MacNeill: We were definitely reminded of the nature of resource investments. Liquidity absolutely vanished in 2008, but by the time it...
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Earnings Scheduled For February 21
Tuesday, February 21, 2012 - 3:58am | 606Macy's Inc (NYSE: M) is estimated to post its Q4 EPS at $1.65 on revenue of $8.72 billion. Home Depot Inc (The) (NYSE: HD) is expected to post its Q4 EPS at $0.42 on revenue of $15.50 billion. Wal-Mart Stores Inc (NYSE: WMT) is estimated to post its Q4 earnings at $1.46 per share on sales of $123...
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Fast Money Picks For February 17th
Thursday, February 16, 2012 - 9:45pm | 190On CNBC's Fast Money, Tim Seymour said that he loves the reversal in Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), and he would do it through March calls. Freeport-McMoRan Copper & Gold Inc. (FCX) gained 3.40% today, and it closed at $43.84. Guy Adami wants to buy Macy's, Inc. (NYSE: M...
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Royal Caribbean Sinking as Tourists Stay Ashore
Thursday, February 2, 2012 - 10:17am | 567Shares in Royal Caribbean (NYSE: RCL) were up yesterday, but those gains are gone now that the company announced earnings of 17 cents per share, or $36.6 million. Those figures were a slight increase from last year's earnings of 15 cents per share and ahead of analyst estimates of 15 cents per...
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Macy's Fiscal 2011 Same-Store Sales Rise 5.3%; January up 2.4%
Thursday, February 2, 2012 - 9:02am | 120Macy's, Inc. (NYSE: M) today reported total sales of $1.336 billion for the four weeks ended Jan. 28, 2012, an increase of 2.0 percent compared with total sales of $1.310 billion in the four weeks ended Jan. 29, 2011. On a same-store basis, Macy's, Inc. sales were up 2.4 percent in January. For...