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Sears Badly Misses Earnings Estimates
Thursday, May 19, 2011 - 8:57am | 245Sears Holdings Corporation (NASDAQ: SHLD) reported earnings this morning that missed Wall Street estimates by a wide margin, as the company said it was hurt by the lack of a appliance rebate program. The company reported a loss of $1.58 per share. Excluding items, the company lost $1.39 per share...
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Morgan Stanley Raises PT On JC Penney To $32
Thursday, May 19, 2011 - 7:48am | 27Morgan Stanley has raised the price target on JC Penney (NYSE: JCP) from $28 to $32 and maintains its Underweight rating.
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A Peek Into The Market Before The Trading Starts
Thursday, May 19, 2011 - 7:30am | 401Pre-open movers US stock futures are higher this morning, as investors are awaiting data on weekly jobless numbers, existing home sales and leading indicators. Futures on the Dow Jones Industrial Average surged 40 points to 12,572.00 and futures on the S&P 500 stock index rose 4.70 points to 1,...
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Earnings Preview for Sears Holding Corporation
Wednesday, May 18, 2011 - 10:19am | 741Sears Holding Corporation (NASDAQ: SHLD) is expected to announce its Q1 earnings report on Thursday, May 19. Analysts expect a rough ride for Sears. Its earnings per share is expected to plunge on a yearly basis. The Street's Q1 estimate for Sears is a loss of $1.22 per share, or almost 4,000%...
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Goldman Sachs Says Saks "Firing On All Cylinders" (SKS)
Wednesday, May 18, 2011 - 8:06am | 127Goldman Sachs has a Neutral rating and is raising its price target to $12.50 from $12 on shares of Saks (NYSE: SKS) after the company reported earnings. In a note to investors, Goldman writes, "SKS reported operating EPS of $0.17, in-line with GS and a penny ahead of consensus at $0.16. Gross...
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Goldman Sachs Raises PT on Saks To $12.50
Wednesday, May 18, 2011 - 6:04am | 26Goldman Sachs has raised the price target on Saks (NYSE: SKS) from $12 to $12.50 and maintains its Neutral rating.
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Retail Stocks Flex Muscle Early
Tuesday, May 17, 2011 - 10:12am | 271This morning, the retail sector is the one area of the market that is holding up despite the early stock market declines. Many traders and investors have been buying retail stocks as the price of oil, and gasoline have declined. The Retail Holders Trust(NYSE: RTH) is trading higher this morning by...
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Earnings Roundup For May 17 (HD, TJX, WMT, HPQ, SKS, TSL, DKS, STV, VOD, SCEI, TSEM, CHUX, ITRN, GCAP)
Tuesday, May 17, 2011 - 9:06am | 1020Home Depot Inc (NYSE: HD) reported a 12% rise in its fiscal first-quarter net income and raised its earnings forecast for the fiscal year. The retailer reported its quarterly earnings at $812 million, or $0.50 per share, up from $725 million, or $0.43 per share, in the year-ago quarter. Its shares...
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Citi Reports On Improved Credit Trends For JWN
Tuesday, May 17, 2011 - 8:26am | 131Citi is maintaining its Buy rating and its $59 price target on Nordstrom Inc. (NYSE: JWN) as the company's April credit data showed improvement. Says Citi, “JWN's monthly credit data showed improvement YOY in April in all three key credit metrics: the monthly payment rate, total delinquencies, and...
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Goldman Sachs Maintains Buy on The Home Depot (HD)
Tuesday, May 17, 2011 - 8:12am | 130Goldman Sachs is out with its report today on The Home Depot (NYSE: HD), maintaining Buy. In a note to clients, Goldman Sachs writes, "SSS trends continue to suggest fundamental outperformance for HD, as its modest declines stand in contrast to bigger hits for LOW (NYSE: LOW) and SHLD (NASDAQ:...
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Bank Of America Raised PT From $30 to $35 And EPS Estimate From $1.98 To $2.16 On J.C. Penney (JCP)
Tuesday, May 17, 2011 - 8:06am | 135In a recent report, Bank of America has increased the price target on J.C. Penney (NYSE: JCP) from $30.00 to $35.00 and the EPS estimate from $1.98 to $2.16 on the company after 1Q11 EPS was $0.04 ahead of Bank of America's $0.24 forecast. The guidance was also raised but the Underperform rating...
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UPDATE: Piper Jaffray Raises PT on J.C. Penney to $37 (JCP)
Tuesday, May 17, 2011 - 7:38am | 148Piper Jaffray is out with its report today on J.C. Penney (NYSE: JCP), raising its PT from $35 to $37. In a note to clients, Piper Jaffray writes, "We are reiterating our Neutral rating and raising our price target to $37 following the release of FQ1 results on Monday morning. FQ1 EPS of $0.28...
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Citigroup Reports on JC Penny (JCP)
Tuesday, May 17, 2011 - 7:34am | 194Citigroup commented on JC Penny (NYSE: JCP) in a report released today. In the report, Citigroup was positive in its assessment of the company. Citigroup writes, “We believe investors overlooked a strong quarter for JCP, which exceeded our estimates and consensus. While there are a lot of moving...
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Earnings Preview for Target (TGT, WMT, SHLD)
Tuesday, May 17, 2011 - 7:01am | 454Target (NYSE: TGT) is expected to announce its Q1 earnings results on Wednesday, May 18, before the markets open. Analysts expect earnings per share to be $0.94, or 4.4% higher than in the same period last year. The Street's estimate was reduced a number of times recently, however. In the last 30...
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US Stock Futures Up As Investors Await Industrial Production, Housing Data; H-P, Wal-Mart Earnings In Focus
Tuesday, May 17, 2011 - 6:27am | 511US stock futures are higher this morning, as investors are awaiting industrial production and housing data, along with earnings reports from Hewlett-Packard Co (NYSE: HPQ) and Wal-Mart Stores Inc (NYSE: WMT). Futures on the Dow Jones Industrial Average surged 39 points to 12,548.00 and futures on...