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Citigroup Raises PT On JC Penney To $52
Tuesday, May 17, 2011 - 6:19am | 26Citigroup has raised the price target on JC Penney (NYSE: JCP) from $51 to $52 and maintains its Buy rating.
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Piper Jaffray Raises PT On JC Penney To $37
Tuesday, May 17, 2011 - 5:57am | 28Piper Jaffray has raised the price target on JC Penney Company (NYSE: JCP) from $35 to $37 and maintains its Neutral rating.
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Earnings Scheduled For May 17 (SKS, HD, DKS, WMT, HPQ, TJX, GILT, CHUX, DELL, ADI, TSL, SYPR, VSAT, YTEC)
Tuesday, May 17, 2011 - 12:46am | 369Saks Inc (NYSE: SKS) is estimated to post its Q1 EPS at $0.16 on revenue of $724.46 million. Home Depot Inc (NYSE: HD) is projected to report its Q1 earnings at $0.49 per share on revenue of $17.02 billion. Dick's Sporting Goods Inc (NYSE: DKS) is expected to report its Q1 earnings at $0.29 per...
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Consumer Now in Question 05-16-2011
Monday, May 16, 2011 - 7:03pm | 953Cusick's Corner Breach! Pressure mounts in Washington as the debt ceiling was breached (bad for the postal pension holders), sending the bond markets to their best levels. Government pension holders will be the backstop at least through the summer. In the commodity world, the floods along the...
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Overall Trend is Intact 05-16-2011
Monday, May 16, 2011 - 2:45pm | 997Cusick's Corner The EU is still bogging down stocks and technically the challenge has been made to the Bulls. At this juncture this does not mean it's a trend change. The overall trend to the upside is intact unless there are some larger headlines (i.e. EU debt or Retail getting hit). The...
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J.C. Penney Breaks Down After Earnings Beat, Down Nearly 3% (JCP)
Monday, May 16, 2011 - 1:56pm | 79J.C. Penney Company, Inc. (NYSE: JCP) shares are down sharply from their highs, and have moved into negative territory, after beating Wall Street estimates for quarterly earnings. At last check, shares were off $1.09 to $37.35, after having been as high as $41.00 earlier in the session. J. C....
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News Summary
Monday, May 16, 2011 - 9:38am | 215Shares of Rowan Companies Inc (NYSE: RDC) gained about 3.6% after Joy Global Inc (NASDAQ: JOYG) agreed to acquire LeTourneau Technologies Inc from Rowan Companies for $1.1 billion in cash. The deal has been approved by boards of directors of both the companies. Joy Global expects the deal to...
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Stocks to watch on 5/16/11- VITA, LOW, NDAQ, ICE, NYX, PRM, JCP, JOYG, IRM, TCG, DISH, RDC, NFLX, SYK…
Monday, May 16, 2011 - 9:15am | 1372Orthovita Inc. (VITA) agreed to be acquired by Stryker Corp. (SYK) for a $3.85 a share in cash in a deal valued at $316 million. Lowe's Cos. (LOW) estimated that for the fiscal second quarter ending July 29, it would earn 65 cents to 69 cents a share on 4% higher total sales and 2% higher same-...
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Today's Pre Market Stocks To Watch
Monday, May 16, 2011 - 9:14am | 294J.C. Penney Company (JCP) Penney Beats With Q1 EPS, Guidance Mixed - Shares trending in the pre market up $2.00 on 200k shares and trading at Sept 2008 highs. NYSE Euronext (NYX) The NASDAQ OMX Group (NDAQ) Intercontinental Exchange (ICE) Pulling out of the bidding process NYX down $4 pre market...
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J.C. Penney's Soaring On Improved Operations (JCP)
Monday, May 16, 2011 - 9:01am | 344Investors of J.C. Penney (NYSE: JCP) will like the way their shares look this morning, as it appears that Bill Ackman is having a positive influence on the company. Shares are jumping over 6% in pre-market trading after the company reported better than expected earnings, and raised its full year...
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Earnings Roundup For May 16 (LOW, JCP, FXCM, MTU, VAL, VIT, SIHI, SORL, ESLT, TTT)
Monday, May 16, 2011 - 8:47am | 498Lowe's Companies (NYSE: LOW) reported a 5.7% decline in its fiscal first-quarter net income. The company's quarterly profit dropped to $461 million, from $489 million, in the year-ago period. Its earnings per share came in at $0.34 per share. Its shares outstanding dropped 7.8% to 1.33 billion. The...
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UPDATE: JC Penney Reports Upbeat Q1 Earnings; Shares Surge In Pre-Market Trading
Monday, May 16, 2011 - 8:39am | 108J.C. Penney Company Inc (NYSE: JCP) released its fiscal first-quarter results on Monday. The company's quarterly profit increased to $64 million, or $0.28 per share, from $60 million, or $0.25 per share, in the year-earlier period. The company's sales increased 0.4% to $3.94 billion. Its...
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EARNINGS WATCH
Monday, May 16, 2011 - 8:28am | 131Lowe's Posts Drop in Profit Lowe's said its profit fell 5.7% amid a surprise sales drop amid economic pressure, unfavorable weather and comparison with a prior-year period helped by government stimulus. J.C. Penney (JCP): Q1 EPS of $0.28 beats by … Continue reading → Related posts: EARNINGS WATCH...
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Morgan Stanley Maintains EW Rating on KSS
Monday, May 16, 2011 - 8:12am | 90Morgan Stanley is maintaining its EW rating on shares of Kohl's Corp. (NYSE: KSS). “There were clear pluses and minuses to come out of 1Q results,” Morgan Stanley writes. “While we like mgmt's willingness to step up share buybacks and expect the co. to repurchase ~21% of shares outstanding over 3...
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Earnings Scheduled For May 16 (VOXX, JCP, ALN, LOW, STV, WINN, SORL, GLPW, CTRP, URBN, JST, ZOOM, DL, MNOV, DRJ, JADE, FMD, CTC, GLGL, CHGS, GOK, GSL)
Monday, May 16, 2011 - 12:48am | 581Audiovox Corporation (NASDAQ: VOXX) is estimated to post its FQ4 earnings at $0.02 per share. J.C. Penney Company Inc (NYSE: JCP) is projected to report its Q1 EPS at $0.25 on revenue of $3.95 billion. American Lorain Corporation (AMEX: ALN) is expected to report its Q1 EPS at $0.08 on revenue...