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Buffett: It's Not Easy Picking Winners
Wednesday, March 2, 2011 - 10:40am | 112During his interview with CNBC this morning, Warren Buffett said that it's not easy picking winners. “General Motors (NYSE: GM) ruled the world when I was a young investor,” he said. “Sears (NASDAQ: SHLD) ruled the world of merchandise.” Today, however, those two entities are no longer number-one...
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Fast Money Pops & Drops, February 28th (POT, FSLR, ANN, M, HBC, CRM)
Monday, February 28, 2011 - 8:07pm | 303CNBC Fast Money's Tim Seymour is bullish on Potash Corp./Saskatchewan (USA) (NYSE: POT). He explained that potash prices are going higher, because there are some negotiations with the Brazilians at $540 per tonne and the Chinese are next. Potash Corp./Saskatchewan (USA) (POT) gained 2.67% today,...
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Sterne Agee Raises PT On Kohl's To $62
Monday, February 28, 2011 - 10:20am | 163Sterne Agee has published a research report on Kohl's Corporation (NYSE: KSS) after the company reported solid execution and an upside to original guidance during its 4Q. In the report, Sterne Agee writes "Metrics underlying 4Q10 SSS of 4.3% included a 5.3% increase in transactions, a 1.1% decline...
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J.C. Penney Has Positive 2011 Outlook.
Monday, February 28, 2011 - 9:53am | 115According to Deutsche Bank, J.C. Penney (NYSE: JCP) has a positive 2011 outlook. Deutsche Bank reported that it believes J.C. Penney is in the early and rapid stages of another turnaround to accelerate sales, further rationalize costs, advance systems and rationalize / remodel stores. “+3%-5% comp...
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UPDATE: Piper Jaffray Color On JCP FQ4 Results
Monday, February 28, 2011 - 8:33am | 140Piper Jaffray, which lowered its PT on shares of J.C. Penney Company, Inc. (NYSE: JCP), is providing some color on the stock. “On Friday JCP reported FQ4 results in line with expectations and provided FQ1guidance below consensus,” Piper Jaffray writes. “In addition, the company provided its initial...
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Piper Jaffray Lowers PT On J.C. Penney To $31
Monday, February 28, 2011 - 8:20am | 29Piper Jaffray has lowered the price target on J.C. Penney Company (NYSE: JCP) from $32 to $31 and maintains its Neutral rating.
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Macy's Declares Quarterly Dividend of $0.05
Friday, February 25, 2011 - 1:57pm | 44The board of directors of Macy's, Inc. (NYSE: M) today declared a regular quarterly dividend of 5 cents per share on Macy's common stock, payable April 1, 2011, to shareholders of record at the close of business on March 15, 2011.
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Brian Sozzi's Take On Inflation (JWN, SKS)
Friday, February 25, 2011 - 10:34am | 275Brian Sozzi of Wall Street Strategies is out with a research report on the prospects of inflation this morning. Sozzi notes, "I was up late last night (per the usual) pouring though the earnings calls hosted by our nation's retailers. Generally, I knew the topic de jure beforehand, inflation...
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A Penney For Your Portfolio? (JCP)
Friday, February 25, 2011 - 9:24am | 567J.C. Penney (NYSE: JCP) reported better than expected earnings this morning, and it looks like Bill Ackman and company are on their way to turning around the storied retailer. Maybe it's time to think about joining Mr. Ackman, as well as Steven Roth of Vornado Realty (NYSE: VNO). The company...
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Jefferies Reduces FY12 And FY13 EPS Estimates On KSS
Friday, February 25, 2011 - 9:20am | 54Jefferies is reducing its FY12 and FY13 EPS estimates on Kohl's Corporation (NYSE: KSS) to $4.30 and $4.92 from $4.45 and $5.10. “This primarily reflects higher SG&A growth, higher interest expense and a higher tax rate,” Jefferies writes. “Our sales expectations remain the same.” Kohl's...
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J.C. Penney Reports Q4 Revenue of $5.70B vs. $5.70B
Friday, February 25, 2011 - 8:53am | 20J.C. Penney (NYSE: JCP) Reports Q4 Revenue of $5.70B vs. $5.70B
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J. C. Penney Company Announces $900M Stock Buyback
Friday, February 25, 2011 - 8:51am | 54J. C. Penney Company, Inc. (NYSE: JCP) announced its Board of Directors has approved a new $900 million open market share repurchase program to be funded using the Company's existing cash reserves. The Company expects to begin share repurchases under this program in March of this year.
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JCPenney Reports Q4 EPS of $1.09 vs. $1.08
Friday, February 25, 2011 - 8:51am | 16JCPenney (NYSE: JCP) reports Q4 EPS of $1.09 vs. $1.08
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US Stock Futures Up As Crude Oil Prices Stabilize; Economic Data, Earnings In Focus
Friday, February 25, 2011 - 7:43am | 567US stock futures are higher this morning as crude oil prices stabilized. Investors are awaiting economic reports. Futures for the Dow Jones Industrial Average gained 55 points to 12,092.00, while those for the S&P 500 index climbed 7 points to 1,309.70. Futures for the Nasdaq 100 index rose 15....
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Earnings Scheduled For February 25 (IPG, PSA, JCP, THC, IBI, AMAG, POM, CTB, ABVT, DRC, CEP)
Friday, February 25, 2011 - 5:24am | 298Interpublic Group (NYSE: IPG) is expected to report its Q4 EPS at $0.31 on revenue of $1.91 billion. Public Storage (NYSE: PSA) is projected to post its Q4 earnings at $0.72 per share on revenue of $382 million. J.C. Penney Company Inc (NYSE: JCP) is estimated to report its Q4 EPS at $1.08 on...