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Karen Finerman Dislikes TIF, Prefers WMT, TGT, TJX
Tuesday, January 12, 2010 - 7:27pm | 125CNBC's Fast Money Karen Finerman said on the show that she is not a fan of Tiffany & Co. (NYSE: TIF). She believes that luxury stocks have jumped to fast and they are trading with a premium to their long term multiple. Karen Finerman doesn't recommend luxury stocks, and instead she prefers Wal-...
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Luxury is Back - Tiffany & Co. (TIF) Aces Q4
Tuesday, January 12, 2010 - 10:51am | 124With total sales up 17% for November and December, while same-store sales were up 12% for the same time frame, Tiffany & Co. (TIF) is either doing something very right, or consumer spending is springing back to life. The rebound still doesn't restore yesteryear's numbers; Tiffany & Co. saw...
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TIF Shares Soar on Raised Guidance, Robust Comparable-Store Sales
Tuesday, January 12, 2010 - 10:32am | 82Luxury jewelry retailer Tiffany & Co (NYSE: TIF) announced a 17% rise in sales in the two months ended December 31, 2009. TIF said that with comparable-store sales increasing 8%, its sales would have risen by 13%, if the currency-translation impact is excluded. Tiffany & Co has also raised...
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Company News for January 12, 2010 - Corporate Summary
Tuesday, January 12, 2010 - 10:26am | 310• Alcoa (NYSE:AA) reported fourth-quarter earnings excluding items of one cent a share, below estimates of 6 cents, and versus year-ago quarter’s 28 cent loss. Revenues, however, came in better than expected at $5.43 billion, although under last year's $5.68 billion. The firm blamed the results...
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Tiffany's Raises 2010 Guidance
Tuesday, January 12, 2010 - 8:39am | 53Lots of ladies must have received little blue boxes this holiday season. Tiffany's (NYSE: TIF) raised its FY10 EPS from $1.88 to $1.98 to $2.07-$2.12 versus Street view of $1.92. Tiffany's is trading up 3.36% this morning. Last night, Wells Fargo upgraded Tiffany's. Good timing on Wells Fargo part.
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Bullish Outlook For ULTA
Friday, January 8, 2010 - 12:51pm | 94Analysts at JPMorgan are bullish on specialty beauty retailer Ulta (NASDAQ: ULTA). The stock has been rated as Overweight with a price target of $25.00. Ulta reported better than anticipated holiday sales results. The company announced an 18% increase in net sales to $262 million driven by 7.9%...
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ULTA Salon Up On Huge Volume
Thursday, January 7, 2010 - 4:04pm | 66Ulta Salon Cosmetics Inc. (NASDAQ: ULTA) ran up 8% to its best levels in more than two years. Volume on Ulta is up more than 470% today. The retailer raised its Q4 earnings outlook to a range of 28 cents to 30 cents a share vs. views of 26 cents. Sales are now seen at $388 million to $392 million...
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Benzinga’s Volume Movers (INSP, SNCR, ZUMZ, ULTA, BBBY)
Thursday, January 7, 2010 - 2:24pm | 210InfoSpace Inc (NASDAQ: INSP) shares jumped by 22.22% to $11.64. The volume of INSP shares traded was 1717% higher than normal. INSP raised its revenue and pretax income guidance for Q4 on strong volumes from existing customers and newly launched accounts. Synchronoss Technologies Inc (NASDAQ: SNCR...
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Unusual Volume Movers (INSP, ZUMZ, SNCR, ULTA)
Thursday, January 7, 2010 - 1:05pm | 170Among the stocks that are moving on unusually high volume are InfoSpace, Inc. (NASDAQ: INSP), Zumiez Inc (NASDAQ: ZUMZ), Synchronoss Technologies (NASDAQ: SNCR), and Ulta Salon, Cosmetics & Fragrance (NASDAQ: ULTA). INSP bumped their guidance and the stock is up over 25% on the day and is...
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Citi Analyst Likes TIF, COH, TJX, ROST
Wednesday, January 6, 2010 - 7:27pm | 148Citi analyst Kimberly Greenberger said on CNBC's Fast Money that she expects a comeback in high-end consumers. She thinks that Tiffany & Co. (NYSE: TIF) and Coach, Inc. (NYSE: COH) should be bought as these stocks have more on the upside. She thinks that they had a good holiday season. Kimberly...
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Today's Upgrades: Part 1 (EMC, TIF, MS, UNH, BA)
Monday, January 4, 2010 - 11:57am | 195Scores of stocks have been upgraded at investment banks and research houses across Wall Street today. I have decided to focus on some of the more familiar names in two parts. EMC Corp. (NYSE: EMC) was upgraded from hold to buy at Stifel Nicolaus with a price target of $22. EMC is up 2.70% in early...
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Market News for December 31, 2009 - Market News
Thursday, December 31, 2009 - 9:55am | 449Stocks ended the next-to-last day of 2009 virtually unchanged despite welcome news in manufacturing. A rising dollar and light volume held the market's gains in check. Year-to-date, the Dow has risen 20%, the S&P has climbed almost 25%, and the Nasdaq has gained 45%. All three indexes have...
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Market Round-up (MRVL, NVDA, INTC, AAPL, LLL, GMTN, BRCM)
Wednesday, December 30, 2009 - 2:11pm | 268Kaufman upgrades Marvell (NASDAQ: MRVL) and Nvidia (NASDAQ: NVDA) to buy on expectations of an improving PC market. Kaufman expects MRVL to benefit from its efforts to diversify from its core storage business. Meanwhile, NVDA shares may gain after Intel (NASDAQ: INTC) recently played down its...
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Citibank (C) To End Zale (ZLC) Private Card Financing
Tuesday, December 29, 2009 - 3:30pm | 119Citibank, the retail banking arm of Citigroup Inc. (NYSE: C) has informed Zale Corporation (NYSE: ZLC) that it will not renew their Merchant Services Agreement. The service provides financing to Zales’s customers in the US to purchase merchandise through private label credit cards. The agreement...
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Optimistic Expectations For December Retail Sales (AEO, JCP, ARO, KSS, JWN)
Monday, December 28, 2009 - 8:55am | 204Analysts at Thomas Weisel Partners expect retailers to come out with strong December numbers in spite of the havoc caused by the snow. Last minute holiday sales are expected to boost December retail sales. Online sales have also been encouraging. Online sales during Thanksgiving were in the high...