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Macy's CEO Upbeat On 2011, 2012 (M)
Monday, January 10, 2011 - 10:34am | 49Macy's (NYSE: M) CEO Terry Lundgren was on Bloomberg TV this morning, and he was positive on 2011 and 2012 guidance, despite not giving away specifics for the company. Shares of M are down 10 cents in early Monday trading to $23.21, a loss of 0.4%.
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Mad Money Lightning Round: Cramer Prefers Jabil Circuit to Entropic Communications (JCI, SD, FCX, ALU, JBL, ENTR, M)
Monday, January 10, 2011 - 5:54am | 217On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Johnson Controls (NYSE: JCI) is “one of the largest positions in my charitable trust. What's not to like." For SandRidge Energy (NYSE: SD), he said, "I can't believe it's moving on no news. It's been on fire. It's not my favorite...
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Macy's Sales Up, Fixed on Outlook - Analyst Blog
Friday, January 7, 2011 - 1:03pm | 571Macy's Inc. (M) recently posted sales for the five-week period ended January 1, 2011 that fell short of the analysts' expectation but reiterated its outlook. Macy's comparable-store sales for December 2010 rose 3.9%, following an increase of 6.1% registered in November 2010 and reflecting a...
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Macy's Sales Up, Fixed on Outlook - Analyst Blog
Friday, January 7, 2011 - 12:30pm | 571Macy's Inc. (M) recently posted sales for the five-week period ended January 1, 2011 that fell short of the analysts' expectation but reiterated its outlook. Macy's comparable-store sales for December 2010 rose 3.9%, following an increase of 6.1% registered in November 2010 and reflecting a...
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Company News for January 07, 2011 - Corporate Summary
Friday, January 7, 2011 - 11:03am | 716• Citigroup (NYSE:C) is reportedly looking for a buyer for its CitiFinancial Unit for as much as $1 billion • Goldman Sachs (NYSE:GS) has added Diamond Offshore (NYSE:DO) to its Conviction Buy List, upgrading the shares from a "selling" rating previously held, with a target price of $85 • Morgan...
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Company News for January 07, 2011 - Corporate Summary
Friday, January 7, 2011 - 10:35am | 716• Citigroup (NYSE:C) is reportedly looking for a buyer for its CitiFinancial Unit for as much as $1 billion • Goldman Sachs (NYSE:GS) has added Diamond Offshore (NYSE:DO) to its Conviction Buy List, upgrading the shares from a "selling" rating previously held, with a target price of $85 • Morgan...
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Payrolls Disappoint Again - Analyst Blog
Friday, January 7, 2011 - 10:33am | 568In a disappointing nonfarm payroll report for December, fewer than expected jobs were created. The ‘miss' was particularly striking given the many other reports that were pointing otherwise. On the positive side, the originally reported numbers for the prior two months were revised upwards and the...
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Stock Market News for Jan 7, 2011 - Market News
Friday, January 7, 2011 - 10:33am | 1234On Thursday, markets shed their winning streak to fall marginally lower. Figures of Retailer's sales during the holiday shopping season were disappointing enough to take the indices down. Moreover, weak data about unemployment added to the jitteriness of investors. The Dow Jones Industrial...
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Stock Market News for Jan 7, 2011 - Market News
Friday, January 7, 2011 - 10:06am | 1234On Thursday, markets shed their winning streak to fall marginally lower. Figures of Retailer's sales during the holiday shopping season were disappointing enough to take the indices down. Moreover, weak data about unemployment added to the jitteriness of investors. The Dow Jones Industrial...
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December Sales Rise at Nordstrom - Analyst Blog
Friday, January 7, 2011 - 10:03am | 477Same-store sales for the five-week period ending January 1, 2011, of Nordstrom Inc. (JWN) grew 8.4%. Total retail sales in December 2010 improved 11.9% from $1.25 billion in December 2009 to gross $1.39 billion. The company reported an increase in same-store sales of 8.3% year to date. Total...
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Payrolls Disappoint Again - Analyst Blog
Friday, January 7, 2011 - 10:02am | 568In a disappointing nonfarm payroll report for December, fewer than expected jobs were created. The ‘miss' was particularly striking given the many other reports that were pointing otherwise. On the positive side, the originally reported numbers for the prior two months were revised upwards and the...
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Benzinga's Top Downgrades (GPS, JCP, CTSH, VRUS)
Friday, January 7, 2011 - 9:44am | 141Gap Inc (The) (NYSE: GPS) was downgraded by Nomura from "buy" to "neutral." GPS' shares closed at $20.70 yesterday. Gap's trailing-twelve-month profit margin is 8.19%. JC Penney Company Inc (NYSE: JCP) was downgraded by Morgan Stanley from "equal weight" to "underweight." JCP' stock closed at $32....
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Benzinga's Top Upgrades (JWN, FTR, FISV, GT)
Friday, January 7, 2011 - 9:35am | 133Nordstrom Inc (NYSE: JWN) was upgraded by Morgan Stanley from "equal weight" to "overweight." JWN's shares closed at $42.94 yesterday. Nordstrom's trailing-twelve-month ROE is 33.51%. Wells Fargo upgrade Frontier Communications Corporation (NYSE: FTR) from "market perform" to "outperform." FTR's...
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December Sales Rise at Nordstrom - Analyst Blog
Friday, January 7, 2011 - 9:30am | 477Same-store sales for the five-week period ending January 1, 2011, of Nordstrom Inc. (JWN) grew 8.4%. Total retail sales in December 2010 improved 11.9% from $1.25 billion in December 2009 to gross $1.39 billion. The company reported an increase in same-store sales of 8.3% year to date. Total...
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Fast Money Picks For January 7th (JPM, M, PLCE, GM)
Thursday, January 6, 2011 - 7:47pm | 169Brian Kelly said on CNBC's Fast Money that he wants to buy JPMorgan Chase & Co. (NYSE: JPM) tomorrow. He believes that delinquencies will decline. JPMorgan (JPM) fell 0.49% today, and closed at $44.48. Anthony Scaramucci thinks that Macy's, Inc. (NYSE: M) is a buy. Macy's, Inc. (M) fell 4.00%...