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Macy's Up Pre-Market On Strong Earnings (M)
Wednesday, November 10, 2010 - 9:23am | 89Macy's, Inc. (NYSE: M) is up in pre-market trading after the retailer reported better than expected earnings. Macy's reported earnings of 2 cents per share, far better than the 8 cent loss it reported a year ago. Excluding items, Macy's earned 8 cents, 5 cents better than estimates. Sales rose to...
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Macy's Swings To Profit, Beats Estimates (M)
Wednesday, November 10, 2010 - 9:20am | 290Macy's Inc (NYSE: M) on Wednesday morning released financial results that beat Wall Street expectations. Macy's Inc reported 3rd quarter net income of $10 million, or 2 cents per share, compared to a net loss of $35 million, or 8 cents per share, a year earlier. Excluding special items, the company...
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Macy's, Inc. Reports Third Quarter EPS of $.02
Wednesday, November 10, 2010 - 9:10am | 93Macy's, Inc. (NYSE: M) today reported continued strong financial results for the third quarter of 2010, with sales, earnings and cash flow that exceeded the company's expectations. Earnings were 2 cents per diluted share for the third quarter of 2010, ended Oct. 30, 2010. This compares with a loss...
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US Stock Futures Slightly Up As Investors Await Economic Reports
Wednesday, November 10, 2010 - 7:33am | 230US stock futures moved up slightly, as investors are awaiting many US economic reports, comprising weekly jobless claims. Futures on the Dow Jones Industrial Average gained 3 points to 11,316.00, while S&P 500 futures rose 0.10 point to 1,211.00. Nasdaq 100 futures moved up 1.50 points to 2,177...
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Wal-Mart Gets Back to Growth: Best in Class
Tuesday, November 9, 2010 - 9:09am | 273BOSTON (TheStreet) -- Wal-Mart (NYSE: WMT), the world's largest retailer, is among the most criticized U.S. companies for its low wages and use of overseas suppliers. It also employs more people than any other company and charges the lowest prices on items ranging from food to electronics. A...
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Short-Term Support in Greenback 11-08-2010
Monday, November 8, 2010 - 8:47pm | 858Cusick's Corner The market got a well deserved weekend after last week's unbelievable amount of data. The market now is digesting some new concerns about potential sovereign debt issues arising again in the EU. Yes, this is a broken record but it has bolstered some short-term support in the...
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Hot IPO - SodaStream (SODA)
Monday, November 8, 2010 - 4:47pm | 1347Looks like the hours long selloff is almost erased... thankfully, this reign of bears (all few hours of it) appears to be stopped. Their cockiness is astounding after 5 hours of "wins".... I'm hearing things like "I see daylight... maybe... but my eye is swollen shut from repeated battery." What...
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Zacks Earnings Preview: Cisco, Disney, Sara Lee, Macy, and J.C. Penney - Press Releases
Monday, November 8, 2010 - 11:33am | 1705For Immediate Release Chicago, IL – November 8, 2010 – Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes Cisco (CSCO), Disney (DIS), Sara Lee (SLE), Macy (M) and J.C. Penney (JCP). To see more earnings analysis, visit http://at.zacks.com/?id=3207...
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Stock Market News for November 8, 2010 - Market News
Monday, November 8, 2010 - 10:39am | 802Stock advanced to their fresh two-year highs but the gains were modest as investors considered a strong jobs report in the backdrop of high unemployment and a wavering economic recovery. Also, it was the Dow average's best weekly gain in more than two months. Although stocks searched for direction...
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Week in Preview: Macy's, Priceline, Others Kick Off Retail Earnings
Monday, November 8, 2010 - 9:00am | 566This week, JCPenney (NYSE: JCP), Kohl's (NYSE: KSS) and Macy's (NYSE: M) are the first of the major retailers to report results for the most recent quarter. Macy's launched an American Express credit card and increased its mobile presence during the fiscal fourth quarter. The analysts surveyed by...
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Heading for the Home Stretch - Earnings Preview
Friday, November 5, 2010 - 5:33pm | 4920Earnings Preview 11/05/10 The third quarter earnings season is now almost over, but the key word is "almost." Next week, a total of 610 firms will report, but only 21 of those will be S&P 500 firms. We define any fiscal period ending in August, September and October to be the third quarter. We...
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Nordstrom Estimates And PT Increased; 2013 And 2014 Estimates Introduced
Friday, November 5, 2010 - 10:40am | 105Citigroup is raising Nordstrom, Inc.'s (NYSE: JWN) 2011 EPS estimate to $3.19, up from $3.10 previously and above consensus of $3.00. “Our EPS revision reflects our updated SSS and operating margin assumptions,” Citigroup writes, noting that it is also introducing its 2011 quarterly EPS estimates...
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Citigroup Raises Kohl's Estimates, Introduces 2013 And 2014
Friday, November 5, 2010 - 10:00am | 167Footwear was the strongest line of Kohl's Corporation's (NYSE: KSS) business for the month of October, posting a mid-single digit comp, led by athletic shoes, Citigroup reports. “Home and women's were also above the company average. Home had strength in small electrics, luggage, and food...
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JC Penney Reports Soft Quarter
Friday, November 5, 2010 - 7:57am | 155Piper Jaffray has published a research report on JC Penney Company (NYSE: JCP) after the company reported a soft quarter, but still is managing to stay within the estimated guidance range. In the report, Piper Jaffray writes "October results were softer than expected, given more difficult weather...
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Huge Gainers Today (M, WFMI, NYT)
Thursday, November 4, 2010 - 4:03pm | 107There are a few stocks that had incredible moves today, such as Macy's (NYSE: M), New York Times (NYSE: NYT) and Whole Foods (NASDAQ: WFMI) Macy's gained 6.6% today on higher than expected same-store-sales. It closed at $25.56, a gain of $1.59. New York Times gained 8.2% today to close at $8.63,...