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Stocks To Watch For February 17 (APA, NTAP, INTU, NVDA, JWN)
Thursday, February 17, 2011 - 3:20am | 313Some of the stocks that may grab investor focus today are: Wall Street expects Apache Corp (NYSE: APA) to report its Q4 EPS at $2.45 on revenue of $3.46 billion. APA shares gained 0.41% to $121.01 in after-hours trading. NetApp Inc (NASDAQ: NTAP) reported its FQ3 net income at $172.5 million, or $0...
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Karen Finerman Missed On Macy's (M)
Tuesday, February 15, 2011 - 8:21pm | 175CNBC Fast Money's Karen Finerman recommended a long position in Macy's, Inc. (NYSE: M) on November 24th. Since her recommendation, Macy's (M) dropped approximately 10%. She thought that the stock is not expensive at 12.5 P/E. She also said that Macy's (M) is managing its inventories better than it...
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Fast Money Picks For February 16th (F, JCP, GLW, DF)
Tuesday, February 15, 2011 - 8:01pm | 187CNBC's Fast Money Tim Seymour suggested to the viewers of the show to consider a long position in Ford Motor Company (NYSE: F) tomorrow. Ford Motor Company (F) gained 0.06% today, and it closed at $16.10. Guy Adami wants to buy J.C. Penney Company, Inc. (NYSE: JCP) on Wednesday. J.C. Penney Company...
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Gap Rises 6% On Eddie Lampert Stake (GPS, SHLD)
Tuesday, February 15, 2011 - 1:56pm | 75In his latest 13-F filing, billionaire hedge fund manager and Chairman of Sears Holdings (NASDAQ: SHLD) Eddie Lampert, disclosed a 5% stake in The Gap (NYSE: GPS). On the back of this disclosure, GPS shares have soared more than 6% and are trading at $22.80. The stock's valuation looks very...
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Goldman Sachs' dotCommerce Update (RL, M, LULU)
Tuesday, February 15, 2011 - 10:11am | 197Goldman Sachs is out with a research report this morning, where it takes a look at recent trends in the eCommerce space and what it means for stocks in its coverage space. GS's Ninth Annual Internet Usage Survey illustrated that the dotCommerce disruption is well under way. According to the survey...
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Fast Money Pops & Drops, February 14th (BP, M, TSO, VZ, BWLD)
Tuesday, February 15, 2011 - 12:07am | 281CNBC Fast Money's Karen Finerman said, in the segment of the show called Fast Money Pops & Drops, that she likes BP plc (ADR) (NYSE: BP). She has a long position in this stock, and she plans to stay long after today's move higher. BP plc (ADR) (BP) gained 1.94%, and closed at $46.69. Pete...
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Stocks To Watch For February 14 (MAR, PG, EBAY, MGM, JWN, A)
Monday, February 14, 2011 - 1:43am | 232Some of the stocks that may grab investor focus today are: Wall Street expects Marriott International Inc (NYSE: MAR) to report its Q4 EPS at $0.36 on revenue of $3.59 billion. MAR shares dropped 0.08% to $41.18 in after-hours trading. Procter & Gamble Co (NYSE: PG) named Meg Whitman, ex-CEO of...
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Buyers Dissipating 02-09-2011
Wednesday, February 9, 2011 - 8:07pm | 956Cusick's Corner The close was impressive, fighting back to almost breakeven but the volume continued to be light and this has raised a flag. Prices have been moving bullish over the last 10 sessions. However, the driving force (buyers) behind this move has been dissipating over the last 4...
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Market Frothy Like a Cappuccino 02-09-2011
Wednesday, February 9, 2011 - 3:46pm | 1043Cusick's Corner As I noted yesterday this market is a little frothy with S&P March futures at 1320, a pullback could be warranted. Many traders are monitoring if critical, short-term support 1317 holds on the March S&P futures into the After Hours, which would be a good sign for the bulls...
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Bill Ackman Added To J.C. Penney's Board (JCP)
Wednesday, February 9, 2011 - 3:17pm | 236Legendary investor Bill Ackman has joined the J.C. Penney (NYSE: JCP) board along with Vornado Realty CEO (NYSE: VNO) Steven Roth. Ackman spoke about what he would like to do with the 108-year old retailer at the Harbor Investment Conference last week, saying he sees vast potential for the...
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William Ackman and Steven Roth Elected to JCPenney Board of Directors
Wednesday, February 9, 2011 - 3:02pm | 67J. C. Penney Company, Inc. (NYSE: JCP) today announced that its Board of Directors has elected William A. Ackman, founder and CEO of Pershing Square Capital Management, and Steven Roth, chairman of the board of Vornado Realty Trust, as directors. The Board's plans to elect Mr. Ackman and Mr. Roth...
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Polo Ralph Lauren (RL) Smashes Estimates, Doubles Dividend, and Announces $250M Stock Buyback
Wednesday, February 9, 2011 - 1:30pm | 985Polo Ralph Lauren (RL) continued it's excellent earnings performance this morning, and showcases the high end is where it's at. [Oct 8, 2010: No Recession in High(er) End] On the U.S. front, within an increasingly bifurcated society almost all the actions of The Bernank flow to the top sliver of...
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Bill Ackman: JC Penney Undervalued (JCP)
Wednesday, February 9, 2011 - 9:20am | 87William Ackman, founder and CEO of Pershing Square Capital Management, made an appearance on CNBC this morning with Michael Porter. During the appearance, Ackman mentioned that JC Penney (NYSE: JCP) is significantly undervalued. His target for the fair value of JC Penney was not disclosed. Ackman...
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DSW Skyrocketing In After Hours On Merger Agreement (DSW)
Tuesday, February 8, 2011 - 6:02pm | 401Shares of women's shoe retailer DSW (NYSE: DSW) are moving 11% high in after-hours after the company agreed to merge with Retail Ventures (NYSE: RVI) From the press release: The transaction is expected to generate significant value for DSW, RVI and their respective shareholders, including the...
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DSW and Retail Ventures Announce Merger Transaction
Tuesday, February 8, 2011 - 5:18pm | 67DSW Inc. (NYSE: DSW) and its largest shareholder, Retail Ventures, Inc. (NYSE: RVI), announced today the two companies have signed a definitive merger agreement providing for RVI to become a wholly-owned subsidiary of DSW in a tax-free exchange of shares at an exchange ratio of 0.435 DSW shares per...