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Macy's January Same-Store Sales up 2.6%
Thursday, February 3, 2011 - 9:01am | 111Macy's, Inc. (NYSE: M) today reported total sales of $1.310 billion for the four weeks ended Jan. 29, 2011, an increase of 4.6 percent compared with total sales of $1.253 billion in the four weeks ended Jan. 30, 2010. On a same-store basis, Macy's, Inc. sales were up 2.6 percent in January. For...
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JCP Losing More Than A Penny
Wednesday, February 2, 2011 - 11:27am | 71J.C. Penney Inc.(NYSE: JCP) is declining sharply this morning by 0.69 cents to $31.12 a share. The stock has been under selling pressure for four consecutive trading session. Short term scalp traders can look for intra-day support around the $30.40 level should the stock decline down to that level...
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Goldman Sachs Suggests Buying Straddles on Nordstrom (JWN)
Wednesday, February 2, 2011 - 10:27am | 138Goldman Sachs is out with a research note this morning, where it suggests that traders buy straddles on Nordstrom Inc. (NYSE: JWN) ahead of earnings. The GS analysts noted that JWN shares have a history of strong volatility on same-store-sales (+/-4.5%) and earnings (+/- 5%), but February...
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Top 4 Mid-Cap Stocks In The Department Stores Industry With The Highest Cash (JCP, SHLD, M, DDS)
Tuesday, February 1, 2011 - 4:23am | 136Below are the top mid-cap department store stocks on the NYSE and the NASDAQ in terms of cash. J.C. Penney Company Inc (NYSE: JCP) had $1.67 billion in total cash and $3.10 billion in total debt for the latest quarter. Sears Holdings Corporation (NASDAQ: SHLD) had $790.00 million in total cash and...
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A Record of How in a Single Day We Created More Actionable and Valuable Stock Research than 20 Sell Side Analyst Teams Over a Month
Tuesday, February 1, 2011 - 1:16am | 1896Model Portfolio Daily Update: January 31, 2011 Subscribers log in for the full report: This content is for members only. New Actions Required: None Of Note: Our 25-stock theoretical long portfolio issued to clients on December 31 presaged 45 major positive upgrades by more than 20 sell side...
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Put Action Has Picked Up 01-31-2011
Monday, January 31, 2011 - 5:41pm | 967Cusick's Corner Egypt should not to be viewed as the main cause of the market's volatility, this event is happening during a time of already increasing volatility. Wheat markets will be the most effected and any potential slowdown happening in this exporting nation will add some short-term...
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Dow Jones Economic Sentiment Indicator Gains in January
Monday, January 31, 2011 - 2:16pm | 384With a gain of just under one point in January, the Dow Jones Economic Sentiment Indicator signaled that the U.S. economy is slowly pulling itself out of the recession. The ESI edged up from 46.1 in December to 46.9 in January, consolidating a positive 2.2 point gain in December. "Fears of a double...
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Options Brief: J. C. Penney Company (JCP)
Monday, January 31, 2011 - 11:53am | 89Shares of J. C. Penney Company (NYSE: JCP) are lower on the session by 0.19%, trading at $32.23. Overall put volume is now running at 4.56x the daily average, with 11% of all puts traded being purchases on the offer. 28,017 contracts have traded on the session so far. J. C. Penney Company, Inc. is...
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Trading Toyota Motor (TM) in the Recall Aftermath
Monday, January 31, 2011 - 10:25am | 2041No, that title's not a misprint and you don't have déjà vu. Japanese automaker Toyota Motor (NYSE:TM) is under fire again because of another recall, which this time impacts 1.7 million vehicles worldwide. The culprit this time is a fairly broad one – “defective parts” – including but not limited...
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HDGE: The First Actively-Managed Short Selling ETF
Monday, January 31, 2011 - 12:00am | 669Retail investors seeking an actively-managed short selling solution have traditionally had very few choices. The menu expanded last Thursday (1/27/11) with the introduction of AdvisorShares Active Bear ETF (HDGE), the first actively-managed short selling fund in an ETF format. HDGE seeks capital...
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Stocks Battle Back 01-25-2011
Friday, January 28, 2011 - 7:24pm | 929Cusick's Corner Global Growth, Inflation and the Confidence of the Consumer all came into play this afternoon, and in the end the market bounced back as it has all to often the last three months. This further highlights that 2011 is going to be a market timer type of market. If you are not a...
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optionsXpress Will Ring Opening Bell at NASDAQ 01-25-2011
Friday, January 28, 2011 - 7:19pm | 928Cusick's Corner I just landed in NYC for optionsXpress' 10th Anniversary and tomorrow's Bell Ringing Ceremony with customers at the NASDAQ Market Site. The market started off weak, news that the UK's economy contracted in the 4th Quarter also revived some concerns over Spanish Banks. The Dollar is...
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Gilford Securities Upgrades JCP To Buy from Hold
Friday, January 28, 2011 - 12:41pm | 109Gilford Securities is upgrading J.C. Penney Company, Inc. (NYSE: JCP) to Buy from Hold. “With earnings far below pre-recession levels, Penney is doing poorly relative to retailers whose profits have rebounded robustly. JCP's catch-up phase may have begun,” Gilford Securities writes. “Management...
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Piper Jaffray Reiterates Kohl's Overweight Rating, $62 PT (KSS)
Friday, January 28, 2011 - 10:37am | 142Piper Jaffray reiterated its Kohl's (NYSE: KSS) Overweight rating and $62 price target in a research report published today. In the report, Piper Jaffray states, "We are reiterating our Overweight rating and $62 price target as shares of KSS are trading near historically low multiples. Shares are...
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Macy's Inc. - Value
Friday, January 28, 2011 - 3:01am | 824The mighty American department store was left for dead in the Great Recession but the crisis brought out much needed changes which have resurrected the sector. Macy's Inc. (M) is expected to grow earnings by 41% in fiscal 2010. The Holidays Were Good Macy's operates 850 Macy's and Bloomingdale's...