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Earnings Scheduled For May 11 (TM, MT, TEVA, ZIP, M, BAM, CSCO, IAG, SYMC, ACXM, SSRX, SVN, APAC, CONM)
Wednesday, May 11, 2011 - 2:20am | 375Toyota Motor Corp (NYSE: TM) is estimated to post its FQ3 EPS at $0.64 on revenue of $63.42 billion. Arcelor Mittal (NYSE: MT) is expected to post its Q1 earnings at $0.48 per share on revenue of $22.03 billion. Teva Pharmaceutical Industries Limited (NASDAQ: TEVA) is projected to post its Q1...
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Stocks To Watch For May 11 (M, DIS, CSCO, MDR, SYMC)
Wednesday, May 11, 2011 - 2:16am | 250Some of the stocks that may grab investor focus today are: Wall Street expects Macy's Inc (NYSE: M) to report its Q1 EPS at $0.17 on revenue of $5.82 billion. Macy's shares gained 0.84% to $26.55 in after-hours trading. Walt Disney Co (NYSE: DIS) reported a 1% fall in its earnings for the second...
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J. C. Penney Company, Inc. Completes $900 Million Share Repurchase Program (JCP)
Tuesday, May 10, 2011 - 5:02pm | 84J. C. Penney Company, Inc. (NYSE: JCP) today announced the completion of the $900 million open market share repurchase program that was initiated in March of this year. This repurchase program, which was funded by the Company's existing cash reserves, resulted in the retirement of approximately 24...
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Earnings Preview: Macy's (M)
Tuesday, May 10, 2011 - 2:03pm | 177Legendary department store Macy's (NYSE: M) is due out with earnings before the open tomorrow, and Wall Street will be looking forward to hear what Terry Lundgren and crew have to say about the "My Macy's" initiative, as well as the retail sector as a whole. At last check, shares of Macy's were up...
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Market Upgrades on 5/10/11- HEOP, KNDL, KWK, LPX, MR, ROSE, SAM, SKS, VIA.B, ALKS, BAP, COLB, CPN, FE, GBL, GTXI
Tuesday, May 10, 2011 - 10:49am | 1309Raymond James upgraded shares of Heritage Oaks Bancorp (HEOP), a holding company for Heritage Oaks Bank (the Bank) from an “underperform” rating to a “market perform” rating. Raymond James upgraded shares of Kendle International (KNDL), a global clinical research organization (CRO) that provides...
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Morgan Stanley Maintains Underweight on J.C. Penney (JCP)
Tuesday, May 10, 2011 - 9:21am | 174Morgan Stanley is out with its report today on J.C. Penney (NYSE: JCP), maintaining Underweight. In a note to clients, Morgan Stanley writes, "We think investors will increasingly question JCP's ability to deliver i) +5% comp store sales and ii) flat gross margins in 2011 following weak April...
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Benzinga's Top Upgrades (MR, SKS, CPN, ROSE)
Tuesday, May 10, 2011 - 8:14am | 131Oppenheimer upgraded Mindray Medical International Ltd (NYSE: MR) from “perform” to “outperform.” MR's shares closed at $27.54 yesterday. Mindray Medical's PEG ratio is 0.88. Analysts at Goldman Sachs upgraded Saks Inc (NYSE: SKS) from “sell” to “neutral.” SKS' shares closed at $11.32 yesterday....
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Goldman Sachs Reports on Saks (SKS)
Tuesday, May 10, 2011 - 7:54am | 157In a report released today, Goldman Sachs commented on Saks (NYSE: SKS). In the report, Goldman was mixed on SKS. Goldman Sachs writes, “We are upgrading SKS to Neutral from Sell as we expected continued EPS upside from the combination of strong sales momentum and margin initiatives to narrow the...
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A Peek Into The Market Before The Trading Starts
Tuesday, May 10, 2011 - 7:33am | 376Pre-open movers US stock futures are higher this morning, as China reported stronger-than-expected trade surplus. Futures on the Dow Jones Industrial Average gained 48 points to 12,679.00 and futures on the S&P 500 stock index rose 6 points to 1,348.70. Nasdaq 100 futures surged 13.25 points to...
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Goldman Upgrades Saks To Neutral, PT Raised To $12
Tuesday, May 10, 2011 - 6:39am | 28Goldman Sachs has upgraded Saks Inc. (NYSE: SKS) from Sell to Neutral and has raised the price target from $11 to $12.
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Goldman Sachs Maintains Neutral on Kohl's (KSS)
Monday, May 9, 2011 - 10:07am | 106Goldman Sachs is out with its report today on Kohl's (NYSE: KSS), maintaining Neutral. In a note to clients, Goldman Sachs writes, "The stock has lagged over the past quarter, as shares have fallen 5% since KSS reported their March comp. We have a neutral trading bias into the print, as the bar...
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Goldman Sachs Maintains Buy on Nordstrom (JWN)
Monday, May 9, 2011 - 9:52am | 94Goldman Sachs is out with its report today on Nordstron (NYSE: JWN), maintaining Buy. In a note to clients, Goldman Sachs writes, "While the stock has had a strong run over the past 6 weeks, it has recently given back some of that performance despite stronger 'Mapril' comps. Given that we expect...
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Morning News Summary for May 9, 2011
Monday, May 9, 2011 - 9:00am | 273Slight panic was created from rumors that Greece was potentially leaving the eurozone last week. These rumors have been denied, however, as Greece had a meeting on Friday to discuss their future. Silver looks to be making a premarket rebound after a very unusual week in trading. Speculation...
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Retail Earnings: A Sneak Peek (KSS, JWN, WMT, TGT, HD)
Monday, May 9, 2011 - 8:50am | 631The earnings season is beginning to wind down for another quarter. That can only mean that it is time for some of our favorite shopping mall and strip mall retailers to step into the earnings spotlight. Kohl's (NYSE: KSS) and Nordstrom (NYSE: JWN) start things off later this week when they report...
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A Look Ahead: Next Week's ETFs To Watch
Friday, May 6, 2011 - 4:35pm | 428Friday's market performance, while decent, barely dented the losses seen in the previous four days of the week. Perhaps even worse is the fact that while stocks opened on fire today, the final gains for the day were nothing compared to what we saw at the open. Bottom line: It was not a fun week to...