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Caution On Retailers. Perry Ellis Intl. Inc. (NASDAQ:PERY), Bed Bath & Beyond Inc. (NASDAQ:BBBY)
Monday, February 22, 2010 - 4:15pm | 331Retailers have had quite a run in the last two weeks. Great earnings and forecasts from the likes of Perry Ellis International, Inc. (NASDAQ: PERY) and others have propelled the whole sector quickly higher since the markets overall bottom on February 5th, 2010. As the economy appears to be back on...
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Top Performing Industries For February 22 (PWR, BBW, SIRI, HUM, CAJ)
Monday, February 22, 2010 - 3:37pm | 328At 1:20 pm, Dow had lost 17.46 points, or 0.17%, to 10,384.89, while the broader Standard & Poor's 500 index had stepped down 1.62 points, or 0.15%, to 1,107.55. The Nasdaq composite index also moved down 4.61 points, or 0.21%, to 2239.26. The industries that played a key role in the market...
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Oppenheimer Recommends FL And FINL
Friday, February 19, 2010 - 7:31pm | 129Robert Samuels, an analyst at Oppenheimer & Co., said on CNBC that if you are looking for a buy in sporting goods sector, you should take a look at Foot Locker, Inc. (NYSE: FL) and The Finish Line, Inc. (NASDAQ: FINL). Mr. Samuels added that sales of these companies are showing a positive trend...
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Top Performing Industries For February 19 (BBW, X, UNFI, FNCB.OB)
Friday, February 19, 2010 - 3:10pm | 225The industries that are driving the market today are: Toy & Hobby Stores: The top gainer of the day, this industry had added 7.66% by 1:18 pm. The highest gainer within the industry was Build-A-Bear Workshop Inc (NYSE: BBW), which jumped 7.07% today after the company posted 4.5% growth in...
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Borders Group Levitating! (BGP)
Thursday, February 18, 2010 - 4:46pm | 121Borders Group (NYSE: BGP) stock has risen nearly 25% today to $1.63. There does not appear to be any news out regarding the company. The buying pressure has been sustained throughout the day, as the shares actually started the trading day in negative territory. One major shareholder in Borders...
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Market Roundup (ZNT, TIF, NVDA, AMD, XNPT, GSK, KO)
Thursday, February 18, 2010 - 2:14pm | 247Canada's Fairfax Financial Holdings is acquiring the remaining shares of Zenith National Insurance (NYSE: ZNT) that it doesn't already own. The deal values the shares at $38 per share, which represents a 31% premium to ZNT’s closing price for yesterday. The deal values ZNT, which provides workers'...
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Tiffany & Co. (TIF) Raises Dividend 18%
Thursday, February 18, 2010 - 11:46am | 62Tiffany & Co. (NYSE: TIF) announced on Thursday that the company would raise its quarterly dividend 18% from 17 cents per share to 20 cents per share. Tiffany & Co. will pay the dividend on April 12 to shareholders of record on March 22. The news comes a day after Sterne Agee upgraded the...
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Barnes & Noble Rejects Burkle’s Bid (BKS)
Thursday, February 18, 2010 - 12:31am | 97Barnes & Noble (NYS: BKS) has rejected investor Ronald Burkle’s bid to raise his stake in the bookseller to 37%. The board was unanimous on this decision. Burkle had been voicing his unhappiness with the bookseller’s actions. He specifically had questioned the adequacy of corporate governance...
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Cabela (CAB) Rating Unchanged Following Successful Securitization
Wednesday, February 17, 2010 - 9:03pm | 113Thomas Weisel (NASDAQ: TWPG) maintained its earlier rating of “overweight” for Cabela, Inc. (NYSE: CAB). Target price remains unchanged at $19. This follows the successful securitisation of $300 million of asset-backed notes by Cabela’s Credit Card Master Trust. This indicates that funding costs...
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U.S. Equity Movers & Shakers: (C, CSTR,OMX, TLB)
Wednesday, February 17, 2010 - 8:47pm | 469Bloomberg reported unusual share price movement for the following companies in early trading today. Citigroup, Inc. (NYSE: C) rose 3% to $3.41. Paulson & Co. increased its stake in Citigroup, and sold shares in Bank of America Corp. (NYSE: BAC) in Q4. Coinstar, Inc. (NASDAQ: CSTR), owner of...
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OfficeMax’s Quarterly Loss Smaller, Forecast Up For 2010 (OMX)
Wednesday, February 17, 2010 - 7:14pm | 130OfficeMax, Inc. (NYSE: OMX), provider of office supplies, paper, and other related products, posted loss of $3.2 million in the fourth-quarter, compared to a loss of $396.0 million a year earlier. The loss which was 3 cents per share was also lower than analysts’ expectations of 7 cents per share...
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Benzinga’s Top Upgrades (CSTR, TIF, CPKI, LLTC, ANAD)
Wednesday, February 17, 2010 - 4:07pm | 209Coinstar Inc (NASDAQ: CSTR) was upgraded by Brigantine from “hold” to “buy.” CSTR’s shares slipped by 4.94% to $28.45 at 1:34 pm. CSTR has a 52-week trading range of $23.49-$38.28. Coinstar’s shares have lost 2.41% year to date. Sterne Agee upgraded Tiffany & Co (NYSE: TIF) from “neutral” to “...
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Barnes & Noble (BKS) Refuses Burkle's Request To Increase Stake
Wednesday, February 17, 2010 - 2:30pm | 109The board of directors of Barnes & Noble Inc. (NYSE: BKS) unanimously voted against the request of Ronald Burkle, managing partner of the investment firm Yucaipa Cos., to acquire 37% of the company. Burkle's company currently holds 19% of Barnes & Noble's common shares but Barnes &...
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Tiffany Upgraded At Sterne Agee (TIF)
Wednesday, February 17, 2010 - 12:50pm | 107Sterne Agee upgraded Tiffany & Co. from Neutral to Buy today and raised its price target to $51. This upgrade gave the shares a little bit of a boost today, as the stock gapped slightly higher. They have been under a moderate amount of pressure since, however, and are currently trading at $42....
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Tiffany & Co. (TIF) Upgraded To Buy, Shares Up Nearly 2%
Wednesday, February 17, 2010 - 11:00am | 50Shares of Tiffany & Co. (NYSE: TIF) were up nearly 2% in early morning trading from yesterday's close of $42.08 after Sterne Agee upgraded the company's shares from Neutral to Buy with a price target of $51. Tiffany & Co. has a 52 week trading range of $16.70 to $47.02.