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J.C. Penney Pushes To New 52-Week High (JCP, DDS)
Tuesday, February 8, 2011 - 4:59pm | 113J.C. Penney (NYSE: JCP) has surged around 10% in just the last 5 trading sessions, with most of those gains coming on Monday and Tuesday. During Tuesday's session, JCP shares have added another 4.82% to $35.00, a new 52-week high. Bill Ackman's Pershing Square Capital Management is the second...
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Oil Under Pressure 02-07-2011
Monday, February 7, 2011 - 3:50pm | 936Cusick's Corner What a weekend -- the title is back in the rightful city Green Bay (yes, I am a Packer fan)! There was no denying the 6th seed, they found a way to win on the road against all odds, not listening to the pundits or crying about their injuries (3 starters out in the first half of...
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Piper Jaffray Raises PT on J.C. Penney to $32 (JCP)
Friday, February 4, 2011 - 11:36am | 126Piper Jaffray is out with its report today on J.C. Penney (NYSE: JCP) raising its price target from $31 to $32. In a note to clients, Piper Jaffray writes, "We are adjusting our estimates to reflect sales trends for the month of January. We are raising our FQ4 EPS estimate from $1.00 to $1.09 to...
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Piper Jaffray Raises PT On J.C. Penney To $32
Friday, February 4, 2011 - 9:48am | 30Piper Jaffray has raised the price target on the J.C. Penney Company (NYSE: JCP) from $31 to $32 and maintains its Neutral rating.
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Piper Jaffray Reiterates Nordstrom Overweight Rating, Raises PT To $53 (JWN)
Friday, February 4, 2011 - 9:25am | 132Piper Jaffray reiterated its Nordstrom (NYSE: JWN) Overweight rating and raised Nordstrom's price target to $53 from $51 in a research report published today. In the report, Piper Jaffray states, "We are reiterating our Overweight rating on shares of JWN following the company's January sales...
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Piper Jaffray Raises PT On Nordstrom To $53
Friday, February 4, 2011 - 8:06am | 27Piper Jaffray has raised the price target on Nordstrom, Inc. (NYSE: JWN) from $51 to $53 and maintains its Overweight rating.
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Benzinga's Top ETF Gainers, February 3rd (AGA, GDXJ, AGQ, SIL, XRT)
Thursday, February 3, 2011 - 7:54pm | 261PowerShares DB Agriculture Double Short ETN (NYSE: AGA) led the gainers among the ETFs on Thursday, with an increase of 7.37%. AGA traded higher on the weakness in sugar, which dropped approximately 9%, after reports showed that the damage to Australia's cane plantations from cyclone Yasi is not as...
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The Bid is Back 02-03-2011
Thursday, February 3, 2011 - 7:20pm | 888Cusick's Corner The VIX is down and trading 16.7 (see Index Trading) -- there's less fear in the marketplace than there was last week. Today's strong economic data and retail sales numbers overshadowed worries over events in Egypt. S&P 500 closed up on the day, nearer the day's highs with no...
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Heavy Put Activity in Costco Wholesale (COST)
Thursday, February 3, 2011 - 3:41pm | 1511While dire weather forecasts may have sent anxious shoppers to Costco (NASDAQ:COST) to stock up on non-perishables, paper goods, and booze, an investor apparently took a bearish stance on the warehouse-style retailer in Wednesday's trading. Specifically, the March 70 put saw more than 26,000...
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Top Narrow Based Indexes For February 3 (GMCR, SBH, DDS)
Thursday, February 3, 2011 - 12:04pm | 197By 11:00 am, the Dow Jones Industrial Average was down 16.19 points, or 0.13%, to 12,025.78, while the broader Standard & Poor's 500 index had lost 4.67 points, or 0.36%. The NASDAQ composite index fell 10.31 points, or 0.37%. Some of the narrow based indexes that are still afloat in the...
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News Summary
Thursday, February 3, 2011 - 10:38am | 200Shares of MasterCard Inc (NYSE: MA) fell about 0.7% after the company reported Q4 earnings. The company's net income came in at $415 million, or $3.16 per share, compared with $294 million, or $2.24 per share, in the year-ago period. The firm's net revenue increased 10.7% to $1.4 billion. However,...
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JCPenney January Sales down 1.2%; Raises Q4 EPS Guidance to $1.06 to $1.09
Thursday, February 3, 2011 - 9:34am | 156J. C. Penney Company, Inc. (NYSE: JCP) reported today that its comparable store sales for the four-week period ended Jan. 29, 2011, decreased 1.2 percent. After strong sales during the first two months of the quarter, which resulted in quarterly sales coming in above the Company's expectations,...
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Kohl's Corporation January Comparable Store Sales up 1.4%
Thursday, February 3, 2011 - 9:32am | 54Kohl's Corporation (NYSE: KSS) reported today that total sales for the four-week month ended January 29, 2011 increased 3.4 percent over the four-week month ended January 30, 2010. On a comparable store basis, January sales increased 1.4 percent. For the full year, total sales increased 7.1 percent...
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Saks Incorporated January Comparable Store Sales up 4.4%
Thursday, February 3, 2011 - 9:31am | 72Retailer Saks Incorporated (NYSE: SKS) today announced that owned sales totaled $163.6 million for the four weeks ended January 29, 2011 compared to $158.9 million for the four weeks ended January 30, 2010, a 3.0% increase. Comparable store sales increased 4.4% for the month. For the fourth...
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Dillard's January Sales up 6%
Thursday, February 3, 2011 - 9:03am | 48Dillard's, Inc. (NYSE: DDS) announced today that merchandise sales for the four weeks ended January 29, 2011 were $375,960,000 compared to sales for the four weeks ended January 30, 2010 of $353,854,000. Total sales increased 6%. Sales in comparable stores increased 6% for the four weeks ended...