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More Retail Carnage (NKE, BBBY, ANF, ANN, JCG, JOSB)
Thursday, June 24, 2010 - 11:36am | 268I've been watching the retail sector closely today following lackluster earnings reports from Nike (NYSE: NKE) and Bed, Bath & Beyond (NASDAQ: BBBY). Not surprisingly, many retailers are not faring well. Abercrombie & Fitch (NYSE: ANF) is down $1.10, or 3.37%, to $31.55. AnnTaylor (NYSE:...
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Retail Getting Slammed (RTH, XRT, BBBY, NKE)
Thursday, June 24, 2010 - 10:36am | 125Retail is getting hit today on the back of poor earnings from some big names in the sector. The Retail HOLDRS Trust (NYSE: RTH) is down 1.63% while the SPDR S&P Retail ETF (NYSE: XRT) is down 1.84%. Yesterday Bed, Bath & Beyond (NASDAQ: BBBY) gave a disappointing outlook while Nike (NYSE:...
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Company News for June 24, 2010 - Corporate Summary
Thursday, June 24, 2010 - 10:14am | 446• Bed Bath & Beyond (NASDAQ: BBBY) reported earnings of 52 cents a share, up from Zacks estimates of 48 cents on revenues of $1.92 billion, versus Zacks projections of $1.89 billion • Nike (NYSE: NKE) fiscal fourth quarter earnings came in at $1.06, in-line with Zacks estimates on inline...
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A Peek Into The Market At The Start Of The Trading
Thursday, June 24, 2010 - 9:36am | 470Pre-open US stock futures fell today on investor concerns regarding jobless claims and the durable-goods data. While futures on the Dow Jones Industrial Average slipped 56 points to 10183, those on the S&P 500 lost 5.5 points to 1081.9. Meanwhile, Nasdaq 100 futures declined 14.75 points to...
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US Stock Futures Indicate Another Low Day For US Stocks
Thursday, June 24, 2010 - 9:10am | 211US stock futures fell today on investor concerns regarding jobless claims and the durable-goods data. While futures on the Dow Jones Industrial Average slipped 56 points to 10183, those on the S&P 500 lost 5.5 points to 1081.9. Meanwhile, Nasdaq 100 futures declined 14.75 points to 1859. Data...
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Market Below 200-Day MA 06-23-2010
Wednesday, June 23, 2010 - 6:56pm | 706Cusick’s Corner The market finished the day below long-term moving averages, both the SPX and the INDU closed below the 200-Day MA, so there is some work if the upside has any legs. The data tomorrow will be telling, especially if the claims come in higher, above 460K, which is potentially...
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Nike Will Provide Clues (NKE)
Wednesday, June 23, 2010 - 4:10pm | 145Sneaker and apparel giant Nike (NYSE: NKE) is set to report earnings after the close today. Their earnings report should provide the market with some insight into the health of the global consumer. Nike has powerful global revenue diversification with 37% of revenues in North America, 19% in...
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Estimates Raised For Crocs Inc. (CROX)
Wednesday, June 23, 2010 - 4:00pm | 113Piper Jaffray has given an overweight rating to Crocs Inc. (NASDAQ: CROX) and raised their estimates and price target. The analysts increased their FY10 EPS estimate for the company to $0.51 and the FY11 EPS estimate has been raised to $0.70. The report has also stated that the company stock is...
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Nike 4Q EPS Report Coming Wednesday (NKE)
Tuesday, June 22, 2010 - 9:35am | 90Nike (NYSE: NKE) management will announce 4Q10 results on Wednesday, June 23rd. Citi is estimating a 4Q EPS of $1.05, in line with consensus. Citi estimates total EPS for 2011 to be $4.40 vs $4.38 consensus. Citi expects Nike to post an 8% sales growth and gross margins to expand 250 bps. Citi...
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WHAT’S ON TAP?
Sunday, June 20, 2010 - 12:01pm | 925For the week of June 19th (in conjunction with Econoday): The Fed meets this week and will certainly set the tone for markets. The turbulence in Europe almost guarantees that the Fed will remain on hold. Aside from that the week will be heavy on housing data finishing up with GDP on Friday....
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Using Options to Trade Boeing (NYSE:BA) News
Thursday, June 17, 2010 - 1:05pm | 1968Boeing (NYSE:BA) has announced plans to ramp up production of its ever-popular narrow-body 737 jet. BA currently completes 31.5 jets per month and will be aiming to increase that number to 35 by the end of 2012. There seems to be a sense of urgency within Boeing as this is the company’s second...
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Sketchers USA (SKX) Breaking Out
Monday, June 14, 2010 - 4:58pm | 352Sketchers USA (SKX) Breaking Out Sketchers, the footwear manufacturer, has been printing money as of late and the stock has rallied nicely over the past 12 months. Most recently, it has traded in a range near its 52 week high but looks to be breaking out once again. Set to release an earnings...
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Deckers Outdoor Rising On Heavy Volume Again (DECK)
Friday, June 11, 2010 - 11:05am | 188Deckers Outdoor (NASDAQ: DECK) is rising on heavy volume today. The shares have climbed 3.22% to $157.77. More than 326,958 shares have traded hands compared to a daily average of 515,000. If you are unfamiliar with the Decker (DECK) story, you shouldn't be. This stock has been on fire for years...
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Citi Endorses V.F. Corp. and Wolverine (VFC, WWW)
Thursday, June 10, 2010 - 3:08pm | 160Citigroup (NYSE: C) has released a report about European demand’s impact on EPS for Footwear/Apparel companies. Citi ( C) surveyed Footwear/ Apparel companies in early June on a series of questions regarding European demand, inventory execution, potential order cancellations and markdown policies...
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Notable options trading in Altria Group (NYSE:MO) and Harley-Davidson (NYSE:HOG)
Thursday, June 10, 2010 - 12:19pm | 1526For more information on how the Hotlist tool functions, refer to this article. One name at the top of today’s OptionsHouse Hotlist is Altria Group (NYSE:MO). The stock is up 1.4% today, which is actually underperforming the 2.3% rally in the broader market. Almost 55,000 options have traded in the...