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Running of the Bulls in November 11-04-2010
Thursday, November 4, 2010 - 2:52pm | 934Cusick's Corner The bulls continue to run the streets and now it looks like the institutional bid has joined the fray. This trend is continuing after all the data over the past 72 hours has cleared. There's now support firmly in this market. This latest move made the retail universe actually start...
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Running of the Bulls in November 11-04-2010
Thursday, November 4, 2010 - 2:52pm | 934Cusick's Corner The bulls continue to run the streets and now it looks like the institutional bid has joined the fray. This trend is continuing after all the data over the past 72 hours has cleared. There's now support firmly in this market. This latest move made the retail universe actually start...
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Benny Drops the Big One!
Thursday, November 4, 2010 - 12:49pm | 1567By Phil of Phil's Stock World Mutually Assured Destruction (MAD). That was the actual military policy of the United States of America and the rest of the World for about 30 years. We had Presidents and Kings and thousands of bureaucrats - the top minds of 2 generations - all...
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Brian Sozzi's Picks
Thursday, November 4, 2010 - 11:24am | 82Brian Sozzi was just on CNBC discussing some of his picks, and he said that likes Macy's (NYSE: M), especially its "My Macys" initiative. He also likes Abercrombie & Fitch Co. (NYSE: ANF). On the flip side, he said he is shorting Barnes & Noble, Inc. (NYSE: BKS), despite its best efforts...
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How to Buy Ahead Of The Cotton Price Increase
Thursday, November 4, 2010 - 10:38am | 393With the holiday season right around the corner, the clothing industry always get a bit of a sales surge this time of year. The bad news for consumers is that cotton prices have been slowly creeping higher. While the rising cotton costs have not impacted the price consumers pay for clothing and...
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JCPenney October Sales down 1.9%
Thursday, November 4, 2010 - 8:47am | 30J. C. Penney Company, Inc. (NYSE: JCP) reported today that its comparable store sales decreased 1.9 percent for the four-week period ended Oct. 30, 2010.
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Saks Incorporated October Comparable Store Sales up 8.1%
Thursday, November 4, 2010 - 8:47am | 104Retailer Saks Incorporated (NYSE: SKS) today announced that owned sales totaled $233.9 million for the four weeks ended October 30, 2010 compared to $219.9 million for the four weeks ended October 31, 2009, a 6.4% increase. Comparable store sales increased 8.1% for the month. For the third quarter...
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Nordstrom October Sales up 3.4%
Thursday, November 4, 2010 - 8:46am | 56Nordstrom, Inc. (NYSE: JWN) today reported a 3.4 percent increase in same-store sales for the four-week period ended October 30, 2010, compared with the four-week period ended October 31, 2009. Preliminary total retail sales of $662 million for October 2010 increased 9.0 percent compared with...
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Kohl's Corporation October Comparable Store down 2.5%
Thursday, November 4, 2010 - 8:45am | 67Kohl's Corporation (NYSE: KSS) reported today that total sales for the four-week month ended October 30, 2010 were 1.0 percent lower than the four-week month ended October 31, 2009. On a comparable store basis, October sales decreased 2.5 percent. For the quarter, total sales increased 4.1 percent...
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Macy's, Inc. Same-Store Sales up 2.5%
Thursday, November 4, 2010 - 8:23am | 52Macy's, Inc. (NYSE: M) today reported total sales of $1.807 billion for the four weeks ended Oct. 30, 2010, an increase of 6.8 percent compared with total sales of $1.693 billion in the four weeks ended Oct. 31, 2009. On a same-store basis, Macy's, Inc. sales were up 2.5 percent in October.
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Dillard's, Inc. October Sales Decline 1%
Thursday, November 4, 2010 - 8:22am | 114Dillard's, Inc. (NYSE: DDS) announced today that merchandise sales for the four weeks ended October 30, 2010 were $356,099,000 compared to sales for the four weeks ended October 31, 2009 of $361,685,000. Total sales declined 2%. Sales in comparable stores declined 1% for the four weeks ended...
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Eyes on Election Tonight Then Tomorrow's Fed 11-02-2010
Tuesday, November 2, 2010 - 6:44pm | 902Cusick's Corner The election results will be watched overnight, but all eyes will be on the FOMC statement tomorrow, due out at 2:15 ET. The focus will be on the size of the Fed's highly anticipated Quantitative Easing. At this point, expectations are that the Republicans will take the House and...
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OEX Put/Call Ratio Spiked in Morning 11-02-2010
Tuesday, November 2, 2010 - 3:24pm | 889Cusick's Corner The market will be watching the early polls, but I do not anticipate much action before the final exit polls start rolling in tonight. One interesting sentiment piece, the OEX Put/Call ratio (OEX is an index at the CBOE that tracks the S&P 100) spiked to 1.44. This is...
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Puts Purchased on Kohl's Corporation (KSS)
Tuesday, November 2, 2010 - 12:21pm | 153Shares of Kohl's Corporation (NYSE: KSS) are lower on the session by 0.58%, currently trading at $51.34. The stock has been moving largely higher over the past three months after rallying off the $44.00 level. KSS is now testing the 50-day and 200-day moving averages. Options traders are buying...
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Unconfirmed Rumors that Sears Holdings Corporation (SHLD) will be taken private at $100.00 a share or more
Tuesday, November 2, 2010 - 9:46am | 25Unconfirmed Rumors that Sears Holdings Corporation (SHLD) will be taken private by insiders at $100.00 a share or more.