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Brian Sozzi Says Buy High & Low End Retailers (TRLG, M, ANF)
Friday, April 1, 2011 - 1:16pm | 151Brian Sozzi of Wall Street Strategies was interviewed by Yahoo Finance's breakout, and he is saying to buy the low and higher end retail names, as he believes they will fare the best. In the interview, Sozzi mentioned names like True Religion (NASDAQ: TRLG), Macy's (NYSE: M) and Abercrombie &...
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Crude on the Move
Thursday, March 31, 2011 - 4:21pm | 942Cusick's Corner Volume is way down, window dressing is done and the market rests in front of the Unemployment data tomorrow. Take the afternoon looking at sectors and stocks that you believe will grow in a sub 9% unemployment environment. Keep in mind that you will have to take into consideration...
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Options Brief: Macy's, Inc (M)
Thursday, March 31, 2011 - 10:58am | 97Shares of Macy's, Inc (NYSE: M) are lower on the session by 1.61%, trading at $23.85. Overall call volume is now running at 2.24x the daily average, with 18% of all calls traded being purchases on the offer. 15,127 contracts have traded on the session so far. Macy's, Inc. is a retail...
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Nordstrom Files to Sell 5.81M Shares
Wednesday, March 30, 2011 - 4:48pm | 16Nordstrom (NYSE: JWN) Files to Sell 5.81M Shares.
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Goldman Sachs Downgrades KSS To Neutral
Wednesday, March 30, 2011 - 8:21am | 66Goldman Sachs has downgraded Kohls (NYSE: KSS) from Buy to Neutral. According to the report, "We downgrade KSS to Neutral from Buy (off CL) based on (1) catalysts having unfolded, (2) side-stepping mid-tier department stores, given limited EPS upside on inflation uncertainty, and (3) sector de-...
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Citi Reiterates buy Rating On SKS
Wednesday, March 30, 2011 - 7:43am | 117Citi is reiterating its Buy rating and $16 PT on shares of Saks Incorporated (NYSE: SKS). “Today, announced that it has amended its $500M revolving credit facility,” Citi writes. “The amendment included an extension through March 2016, a lower interest rate, a higher threshold before the financial...
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Citi Comments On Kohl's & Its New Distribution Center
Wednesday, March 30, 2011 - 7:35am | 196Yesterday Kohl's (NYSE: KSS) announced that it would open its third dedicated e- commerce distribution center in July 2011. Citi is encouraged to see KSS continue to invest in its online business, as online sales grew +51.7% YOY in 2010. KSS remains under-penetrated online relative to its...
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Market Shakes Off Disappointing Data 03-29-2011
Tuesday, March 29, 2011 - 7:11pm | 823Cusick's Corner While the data early in the session was disappointing, the market has shaken it off and the buyers did jump in on the pullback. Financials, XLF, are still mired in the red but Small Caps have taken off with Telecom and Tech. If we see that Financials do garner some momentum, the...
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Saks Incorporated Announces Amendment of Revolving Credit Facility
Tuesday, March 29, 2011 - 4:30pm | 53Saks Incorporated (NYSE: SKS) today announced that it has entered into an amendment to its existing revolving credit agreement. The amendment extends the maturity date of this facility to March 29, 2016 from November 23, 2013 previously. The maximum committed borrowing capacity of the amended...
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Brian Sozzi Notes Macy's Low Valuation (M)
Tuesday, March 29, 2011 - 12:30pm | 90Brian Sozzi of Wall Street Strategies tweeted that Macy's (NYSE: M) is trading below the valuation of recent deals we've seen in the retail space, and it could potentially be worth a look here, if you believe that shares of Macy's are undervalued. Sozzi notes that Macy's is trading at 4.8 times...
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Calls Volume Spikes on Macy's (M)
Tuesday, March 29, 2011 - 10:39am | 192Shares of Macy's, Inc. (NYSE: M) are trading higher on the session by 1.30%, at $23.46. While shares have been sliding lower over the past five months, they have been forming a solid consolidation pattern above the 200-day moving average. Apparently traders see the pattern resolving to the upside...
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Kohl's Guides 2011 E-Commerce Sales At $1B (KSS)
Tuesday, March 29, 2011 - 8:04am | 16Kohl's Guides 2011 E-Commerce Sales At $1B (NYSE: KSS)
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Productivity - (Wo)Man v Machine
Monday, March 28, 2011 - 2:13pm | 1011An interesting story today on Bloomberg on something I certainly do not talk enough about - the boon in productivity as capital spending takes share from labor spending in the U.S. Some of this is for automation reasons - especially in manufacturing, but a lot of things we don't think about even...
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Nordstrom Fades From Gap Higher Open
Tuesday, March 22, 2011 - 3:33pm | 85Nordstrom Inc.(NYSE: JWN) is a leading high end retail stock. This morning the stock opened up sharply higher at $43.42 a share. Since that opening high the stock has faded lower throughout the session. As of 3:21 pm EST Nordstrom stock is trading higher by just 0.32 cents to $42.61 a share. Scalp...
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Short SKS at $11.55
Tuesday, March 22, 2011 - 11:01am | 151I took a short position in Saks Holdings (SKS) at at $11.55 today as it is clearly looking to move lower in the short-term. On the daily you have a breach of some serious price support, coupled with a double top and a break of the 100-day moving average. On the weekly, SKS is breaking below the 20...