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Frenzied Options Trading on J.C. Penney After Apple (AAPL) Executive Named CEO
Thursday, June 16, 2011 - 5:04pm | 124Options Trading Investors Bullish on J.C. Penny (JCP) (Forbes) Earlier this week, reports that Ron Johnson, the head of retail at Apple Inc., was appointed CEO of J.C. Penney Co. sent the retailer's shares skyrocketing while 170,000 options trading contracts exchanged hands. In fact, options...
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Ackman Considering Taking Pershing Square Public
Thursday, June 16, 2011 - 1:14pm | 137Bill Ackman may allow you to get a shot at investing in Pershing Square, even if you do not have the requisite capital to invest in a hedge fund. Ackman, according to the Wall Street Journal, is considering raising funds for a new fund by selling a portion of it through an IPO. Ackman is a value...
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Opa! Short Gyros, Long Windex 06-15-2011
Wednesday, June 15, 2011 - 3:06pm | 1007Cusick's Corner On the surface the catalyst of this latest pullback is Greece. But the reality is that it's a larger mix of a strong Dollar, weak Euro with potential contraction of economic growth and a bad CPI that are the true catalysts. While I am surprised about the strength of the push to...
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Brian Sozzi Discusses Technical Analysis On Some Names
Wednesday, June 15, 2011 - 2:15pm | 264Brian Sozzi is out with a research note on some potential ideas, this time from a technical analysis, rather than a fundamental perspective. In the note Sozzi discusses Bebe (NASDAQ: BEBE), Kohl's (NYSE: KSS), Macy's (NYSE: M), Furniture Brands (NYSE: FBN), Buckle (NYSE: BKE), and Activision...
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Piper Jaffray Maintains Neutral on J.C. Penney
Wednesday, June 15, 2011 - 8:52am | 160Piper Jaffray is out with its report today on J.C. Penney (NYSE: JCP), maintaining Neutral. In a note to clients, Piper Jaffray writes, "On Tuesday, J.C. Penney announced the hiring of Ron Johnson as CEO effective Nov. 1. We have a highly favorable view of this announcement as Johnson brings a...
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Support Held - Harami Confirmed 06-14-2011
Tuesday, June 14, 2011 - 6:55pm | 948Cusick's Corner Support held. The Harami that formed on yesterday's close was confirmed and the market turned up. (You can get more info about the Harami pattern on the Educate Center > Stocks > Level 2 > Bullish Candlesticks.) Will the bullishness last? As I said earlier, shorts are getting...
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1280 New Support 06-14-2011
Tuesday, June 14, 2011 - 2:57pm | 1045Cusick's Corner The market has bounced with some conviction on news that Japan is printing money, there were better than expected Retail Sales & PPI dropped. Copper, JJC, was a real winner on the Japan news, and equities squeezed the shorts on the news that Commodity pricing is pulling back,...
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Apple Shares Near Highs As Ron Johnson Leaves Company
Tuesday, June 14, 2011 - 12:37pm | 77Apple Inc. (NASDAQ: AAPL) shares are still near the highs of the session, as executive Ron Johnson left the company to become J.C. Penney's (NYSE: JCP) next CEO. Johnson headed up the retail initiative at Apple, and created the Apple store experience. At last check, shares of Apple were trading...
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J.C. Penney Up On New CEO Plans
Tuesday, June 14, 2011 - 11:53am | 96Shares of J.C. Penney (NYSE: JCP) are jumping nearly 15% this afternoon after the company announced former Apple (NASDAQ: AAPL) executive Ron Johnson will take over as the new CEO. In addition, Johnson will make a $50 million investment in the company. Johnson is buying 7.5 year warrants on 7.257...
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UPDATE: J. C. Penney Says New CEO Ron Johnson Invests $50M in the Company
Tuesday, June 14, 2011 - 11:48am | 89J. C. Penney (NYSE: JCP) announces Mr. Johnson requested and has committed to make a personal investment of $50 million in the Company through the purchase, at fair market value, of 7 1/2-year warrants on 7.257 million shares of J. C. Penney Company stock. The warrants cannot be sold or hedged...
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UPDATE: J. C. Penney Company Names Apple's Ron Johnson as Its Next CEO, Effective November 1
Tuesday, June 14, 2011 - 11:32am | 124Myron E. Ullman, III, chairman and chief executive officer of J. C. Penney Company, Inc. (NYSE: JCP), today announced that Ron Johnson has been named the Company's next chief executive officer, succeeding Mr. Ullman in that role. Mr. Johnson will assume the CEO position on Nov. 1, 2011, and...
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J.C. Penney's Jumping
Tuesday, June 14, 2011 - 11:09am | 96J.C. Penney Company, Inc. (NYSE: JCP) shares just started soaring after news broke that the company hired Apple's (NASDAQ: AAPL) Ron Johnson to become JCP President. The news was cited from the Wall Street Journal and Dow Jones. At last check, shares of J.C. Penney were up $1.54 to $31.65, a gain...
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Top 4 Mid-Cap Stocks In The Apparel Stores Industry With The Highest Revenue
Tuesday, June 14, 2011 - 1:19am | 124Below are the top mid-cap apparel stores stocks on the NYSE and the NASDAQ in terms of revenue. The trailing-twelve-month revenue at Gap Inc (The) (NYSE: GPS) is $14.63 billion. GPS' PEG ratio is 1.44. The trailing-twelve-month revenue at Nordstrom Inc (NYSE: JWN) is $9.94 billion. JWN's ROE for...
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Sears Holdings Spiking Nearly 7%
Monday, June 13, 2011 - 2:12pm | 93There is no reason for the catalyst, but shares of Sears Holdings Corporation (NASDAQ: SHLD) are spiking nearly 7% on light volume. The June 75 puts are active on total put volume of 7K contracts (4K calls). June, July and October put option implied volatility of 47 is an above its 26-week average...
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Options Brief: The Bon-Ton Stores
Thursday, June 9, 2011 - 10:08am | 89Shares of The Bon-Ton Stores (NASDAQ: BONT) are higher on the session by 0.49%, trading at $8.21. Overall call volume is now running at 23.00x the daily average, with 0% of all calls traded being purchases on the offer. 2,645 contracts have traded on the session so far. The Bon-Ton Stores, Inc....