-
Retailers Disappointed In April (COST, GPS, ANF, TGT, COST, WAG, TGT, JWN, M, ZUMZ, HOTT)
Thursday, May 6, 2010 - 3:11pm | 415Today was the day when top retailers ranging from Costco Wholesale (NASDAQ: COST) to Gap (NYSE: GPS) posted disappointing same-store sales for the month of April. The results were a clear indication that Wall Street was expecting too much of a consumer rebound. Of the 28 retailers tracked by...
-
Retailers Rocked As Demand Drops, Fears In Greece Continue
Thursday, May 6, 2010 - 12:25pm | 345The negative news just continues to pour out around the world. Greece continues to be in panic mode as riots and unrest signal more problems. Questions remain on whether or not the bailout will even be enough to stop Greece from defaulting. In addition, the social unrest could spread to other...
-
Top Performing Industries For May 5 (JOE, DAL, TJX, DDE, FDO)
Wednesday, May 5, 2010 - 1:57pm | 265At 11:55 am, Dow surged 10.50 points, or 0.10%, to 10,937.27 and the broader Standard & Poor's 500 index gained 1.42 points, or 0.12%. Meanwhile, the Nasdaq composite index has slipped -3.81 points, or 0.16%. The industries that are helping the market keep afloat today are: Real Estate...
-
Retail Rally On (XRT, ANN, TIF, ANF, TGT, JWN)
Monday, May 3, 2010 - 2:20pm | 117Retailers are showing strength today after a brutal selloff on Friday. The SPDR Retail ETF (NYSE: XRT) is up 89 cents, or 2.08%, to $43.65 today. Here are how some retail names are faring today: AnnTaylor (NYSE: ANN) is up $1.34, or 6.18%, to $23.04. Tiffany & Co. (NYSE: TIF) is up $1.03, or 2....
-
V.F. Corp.’s (VFC) Profits Beat Estimates
Friday, April 30, 2010 - 11:23am | 153With strong global demand of V.F. Corp. (NYSE: VFC) products, the first quarter profit of the company increased by 62 percent. Profits increased from 91 cents a share, a year earlier, to $1.46 a share in first quarter. Analysts had expected first quarter profit of around $1.14 a share. The first...
-
Top 5 Mid-Cap NASDAQ Stocks In The Services Sector With The Highest EPS Estimates This Year (STRA, APOL, DLTR, ROST, LSTZA)
Tuesday, April 27, 2010 - 7:15am | 146Below are the top 5 mid-cap services stocks on the NASDAQ in terms of EPS estimates for this year. Strayer Education, Inc (NASDAQ: STRA) is expected to earn $9.51 per share this year. STRA’s trailing-twelve-month ROE is 57.44%. Apollo Group, Inc (NASDAQ: APOL) is expected to generate earnings of $5...
-
Beware The Falling Retail ETF (XRT)
Tuesday, April 27, 2010 - 5:02am | 175Despite recently touching a new 52-week high, stoked by what appears to be a freshly confidend consumer, the SPDR S&P Retail ETF (NYSE: XRT) could be poised for a decline. At least that's the feeling of options traders as put trading in XRT reach a nine-month high last week. The ETF now has a...
-
Benzinga’s Top Pre-Market Losers (FRBK, OSIS, MCBI, TUES, TGA)
Monday, April 26, 2010 - 9:59am | 180Republic First Bancorp, Inc (NASDAQ: FRBK) lost 11.96% to $3.46 in the pre-market session. FRBK’s losses for Q1 widened on a sequential basis. OSI Systems, Inc (NASDAQ: OSIS) tumbled 8.11% to $27.54 in the pre-market session. OSIS has guided to lower-than-expected revenues for FQ4 2010. MetroCorp...
-
Retailers Partying Like It Is 2007 As Ralph Lauren Goes To Bed, Bath And Beyond
Friday, April 23, 2010 - 12:55pm | 323A recovery on the economy from massive amounts of stimulus and market propping is still a recovery according to retailers like Polo Ralph Lauren Corporation (NYSE: RL), Bed Bath & Beyond Inc. (NASDAQ: BBBY), Urban Outfitters, Inc. (NASDAQ: URBN), Target Corporation (NYSE: TGT), The Gap Inc. (...
-
Ecuador: Correa’s Play for Greater Influence in the Oil Sector
Friday, April 23, 2010 - 8:25am | 2000Summary Ecuadorean President Rafael Correa is pressuring foreign oil investors to change from production-sharing agreements to service contracts, or else face expropriation. Correa is looking to enhance the state’s authority over oil revenues and thus enhance his own political security, but is...
-
Ecuador: Correa’s Play for Greater Influence in the Oil Sector
Friday, April 23, 2010 - 8:25am | 2000Summary Ecuadorean President Rafael Correa is pressuring foreign oil investors to change from production-sharing agreements to service contracts, or else face expropriation. Correa is looking to enhance the state’s authority over oil revenues and thus enhance his own political security, but is...
-
Gold Man, Gold Bug, Golden Opportunity, Goldman Sachs (NYSE:GS)
Thursday, April 22, 2010 - 1:38pm | 1796The big news in the markets and media is Goldman Sachs (NYSE:GS), just charged with a fraud suit that alleges they didn’t disclose material information about a CDO they packaged and sold in 2008. The stock promptly sold off to the tune of 15% (down nearly $30, to $155) before rebounding to settle...
-
Market Roundup (CPN, POM, TGT, V, GS, SCHW, MCO)
Tuesday, April 20, 2010 - 4:04pm | 362Top natural gas-fueled power producer Calpine (NYSE: CPN) is said to be very close to completing a takeover deal of Conectiv Energy for more than $1.5 billion. The purchase of Conectiv Energy, which currently belongs to Pepco Holdings (NYSE: POM), would enable Houston-based CPN to benefit from...
-
MKM Partners Raises Price Target On 99 Cents Only Stores (NDN)
Friday, April 9, 2010 - 2:00pm | 155In a research report released today, MKM Partners reiterated their BUY rating on shares of 99 Cents Only Stores (NYSE: NDN) and raised their price target from $18 to $20. According to the report, 4Q10 sales came in modestly better than expected and comps are showing decent acceleration on a two-...
-
Northcoast Research Maintains Neutral Rating On 99 Cents Only Stores (NDN)
Friday, April 9, 2010 - 1:36pm | 73Analyst Nick Mitchell at Northcoast Research has released an update on 99 Cents Only Stores (NYSE: NDN). The company has reported its fourth-quarter results. 99 Cents Only Stores reported sales of $339.3 million in its fourth-quarter, beating Northcoast’s estimate of $336.5 million. Comparable-...