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Dividends Could Be On The Rise, According To Bloomberg
Friday, December 4, 2009 - 4:01pm | 110A report from Bloomberg News says one in six S&P 500 members could raise their next dividend payments as the economy rebounds, while 2% of the members may reduce their next payment. AT&T (NYSE: T), Wal-Mart (NYSE: WMT) and Progress Energy (NYSE: PGN) are among 79 companies that may boost...
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Retail Stocks Present Buying Opportunities: Goldman Sachs (GS)
Friday, December 4, 2009 - 3:14pm | 190Goldman Sach’s (NYSE: GS) sector overview of the retail sector highlights the impact on apparel sales in the U.S. owing to unseasonably warm weather. The Northeast region especially lagged in winter apparel sales. J.C. Penney (NYSE: JCP) and Kohl’s (NYSE: KSS) saw a slump in the children’s apparel...
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Stock Market News for December 04, 2009 - Market News
Friday, December 4, 2009 - 10:29am | 356After spending much of the session struggling to find direction, U.S. stocks ended lower Monday as investors grew anxious ahead of this morning’s non-farm payrolls report. The sell-off that intensified in the final 20 minutes of the session saw the Dow Jones industrial average giving up 87 points...
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Storehouse Partners Likes KSS And ROST
Thursday, December 3, 2009 - 7:43pm | 110Patricia Edwards of Storehouse Partners, said on CNBC's Fast Money that sales from November were horrible, and that retailers were not exaggerating when they said that consumers are not that strong. In the retail sector, Patricia Edwards likes Kohl's (NYSE: KSS) and Ross Stores (NASDAQ: ROST). Kohl...
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US Economy On the Rebound?
Thursday, December 3, 2009 - 12:06pm | 132The economic indicators seem to have picked up in the late fall, according to a survey by the Fed Reserve released Wednesday. Shoppers seem to have increased spending and industrial production was higher too. This trend is visible in the sales figures of Amazon Inc. (NASDAQ: AMZN) which had over 13...
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Costco: Softer Core Trends in November
Thursday, December 3, 2009 - 11:36am | 110Today, Analysts at Baird maintain their “Outperform” rating and $65 price target on shares of Costco Wholesale Corporation (NASDAQ: COST) after COST’s comparable-store sales rose 6%. The firm said “After aggressively trading profits for sales in 2008 and early 2009 in response to weak U.S. comps...
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Stock Market News for December 03, 2009 - Market News
Thursday, December 3, 2009 - 10:19am | 391Stocks held on to previous session’s gains as an upbeat assessment of the economy from the Federal Reserve overshadowed a decline in banking and energy shares. The Dow Jones industrial average, struggling to find direction, slipped from its 14-month high as investors turned their focus towards...
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Costco Shares (NASDAQ: COST) Falls After November Sales
Thursday, December 3, 2009 - 9:05am | 110Costco Wholesale Corporation (NASDAQ: COST) today reported November net sales of $6.04 billion as compared to $5.55 billion in the same month last year. Additionally, Costco reported net sales of $18.57 billion for the thirteen week ended November 29, 2009, as compared to $17.52 million in the year...
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Stock Market News for December 02, 2009 - Market News
Wednesday, December 2, 2009 - 10:10am | 484Investors pumped more money into equities, sending the Dow Jones industrial average to its 14-month high, as Dubai World said it is in talks to restructure about half of its debt. Also, a cheaper dollar sent commodities prices higher, helping shares of energy and material companies. Data showing...
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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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Cyber Monday Helps Online Retailers’ Rise but Buyer’s Look for Major Bargains (AMZN, EBAY, WMT, BBY, YHOO, GOOG, MSFT)
Monday, November 30, 2009 - 9:48pm | 228With Cyber Monday helping generate traffic for online retailers, shares of companies like Amazon Inc. (NASDAQ: AMZN) and EBay (NASDAQ: EBAY) beat out traditional retailers like Wal-Mart (NYSE: WMT) and Best Buy (NYSE: BBY). Even with almost 100 million shoppers expected to jump online, surveys...
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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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Piper Jaffray Bullish On Costco Wholesale
Monday, November 30, 2009 - 9:54am | 144Piper Jaffray maintains their “Overweight” rating for Costco Wholesale Corporation (NASDAQ: COST) as COST faces easing gas, foreign exchange and gross margin comparisons in the Q2-Q4. It also maintained previous price target of $67, a premium of over 11% over Friday’s closing price of $60.03. The...