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Howard Davidowitz's Winners In The Retail Sector (KSS, DLTR, BBBY, WMT, AMZN)
Tuesday, December 1, 2009 - 9:32pm | 403Retail expert Howard Davidowitz said in an interview on Tech Ticker that he is bearish on U.S. consumer as unemployment is at 26 year high and Americans are saving more. But he thinks that there are still opportunities in the retail sector as he believes in retailers that are effective in cost-...
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Howard Davidowitz Being Howard Davidowitz (Videos): Yahoo Tech Ticker December 2009
Tuesday, December 1, 2009 - 2:05pm | 1896We've been observing Howard Davidowitz for about 2 years now, and he is quite possibly (aside from Marc Faber) one of the most flamboyant speakers in the financial universe. Agree, or disagree - he is a hoot to simply listen to. 2009 [Aug 27, 2009: Howard Davidowitz Returns to Yahoo Tech Ticker...
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AMZN Leads Unique Visitor Traffic Growth
Monday, November 30, 2009 - 1:49pm | 143Analysts at Bank of America Merrill Lynch maintain their “buy” rating on Amazon.com (NASDAQ: AMZN). The target price of AMZN is set to $140. According to ComScore’s reports, AMZN’s unique visitor growth last Friday was higher than that of Wal-Mart (NYSE: WMT) and Target (NYSE: TGT). The sales of...
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November Sales Preview (TGT, COST, BJ)
Monday, November 30, 2009 - 10:18am | 325Baird thinks that Initial indications point to modest improvement in sales over the Black Friday weekend. ShopperTrak (~50k retail outlets) put combined Friday/Saturday sales +0.9%; NRF (survey of ~5k shoppers) had Friday sales flat. Online measures more bullish (comScore Thursday/Friday +11%;...
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Black Friday Sale Starts Off Strong
Friday, November 27, 2009 - 1:44pm | 198Black Friday sales started on a strong note this year with bargain hunters turning out in hordes. Mass merchants like Wal-Mart Stores (NYSE: WMT) Inc. and Target Corp.(NYSE: TGT), as well as lower-end department stores like J.C. Penney Co.(NYSE: JCP) and electronics retailer Best Buy Inc.(NYSE: BBY...
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Will Heavy Rush at Retailers’ Translate Into High Sales?
Friday, November 27, 2009 - 11:28am | 161Black Friday, often the single busiest shopping day of the crucial holiday season, is being watched very closely by the US market for any weakness in consumer spending. According to the National Retail Federation, up to 134 million US consumers are ready to shop for holiday gifts this weekend...
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Improvement in SG&A Trends to Drive DLTR’s Incremental Earnings
Wednesday, November 25, 2009 - 1:42pm | 164Analysts at Goldman Sachs maintain their “neutral” rating on Dollar Tree Stores (NASDAQ: DLTR), while raising their estimates for the company. The target price for DLTR has been raised from $52 to $54. According to Goldman Sachs, DLTR reported its 3Q EPS ahead of the estimates and consensus, driven...
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Ready, Set, Go!
Wednesday, November 25, 2009 - 12:20pm | 5511 day and counting till Black Friday! Retailers like Walmart (WMT) , Kohls (KSS), Sears (SHLD) , Target(TGT) and Amazon (AMZN) wait all year long just for this one day. It is the day that they are supposed to turn profitable on the year, hence the term “Black Friday”. With the economy still...
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Company News for November 25, 2009 - Corporate Summary
Wednesday, November 25, 2009 - 10:24am | 254• J Crew Group (NYSE:JCG) wowed investors with sharply better-than-expected third quarter earnings of 67 cents a share, versus 30 cents a year ago, and ahead of Zacks estimates of 58 cents a share. Revenues of $414.1 million exceeded last year's $363.1 million and beat projections of $406.6...
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JP Morgan Likes WMT, DLTR, KSS, M
Tuesday, November 24, 2009 - 8:26pm | 125JP Morgan (NYSE: JPM) analyst Charles Grom said on CNBC's Fast Money that investors should own Wal-Mart Stores (NYSE: WMT) and Dollar Tree (NASDAQ: DLTR) ahead of Black Friday. He said that these two stocks should be looked as a balance in the portfolio that should also consist of a little bit...
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Benzinga's Volume Movers (PEET, CBRL, GPRE, NUAN)
Tuesday, November 24, 2009 - 3:05pm | 292Some of the company’s stocks saw extraordinary trading today in the morning. Some of the companies worth having a look are: Green Plains Renewable Energy Inc (NASDAQ: GPRE) shares moved 9.70% to $12.89. The volume of GPRE shares traded was 338% more than normal. Over the past six months, GPRE’s...
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New 52-Week High Stocks (MDT, ADI, DLTR, DTV, MYL)
Tuesday, November 24, 2009 - 1:09pm | 228Medtronic, Inc. (NYSE: MDT) hits a new 52-week high at $43.65 in today’s morning session. Currently MDT is trading at $42.52, up 5.48%. Today MDT today announced that its second quarter earnings were $868 million, or $0.78 a share. While, revenue increased to $3.8 billion, an increase of 8% from...
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Benzinga’s News Update (WIN, SIG, MDT, AEO, DLTR, BGP, C)
Tuesday, November 24, 2009 - 10:44am | 466Windstream Corporation (NYSE: WIN) is currently trading at $10.07, down 0.59% on 87K shares after Windstream announced that it will buy lowa Telecommunications Services Inc. for $1.1 billion. As per the agreement, Windstream will issue 0.804 shares and $7.09 in cash for each share of Iowa...
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Stock Market News for November 24, 2009 - Market News
Tuesday, November 24, 2009 - 10:32am | 410U.S. stocks closed broadly higher Monday, ending a three-day losing run, as a strong housing report reassured investors’ faith in the economy. A weak dollar helped lift gold to another record high and sent shares of commodity-related companies higher. Calls for central banks around the world to...
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Benzinga's Earnings Preview (HRL, HNZ, TIVO, WMG, MDT, DLTR, JCG)
Tuesday, November 24, 2009 - 5:28am | 224Hormel Foods Corporation (NYSE: HRL) is expected to report fourth-quarter earnings of 68 cents a share on revenue of $1.82 billion. Yesterday, HRL closed at $38.89. H.J. Heinz Company (NYSE: HNZ) is projected to report second-quarter earnings of 70 cents a share on $2.63 billion of revenues. In...