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Stock Market & Financial Investment News

News Breaks
February 24, 2014
11:32 EDTDDS, JCP, SHLD, BONT, KSSDillard's falls after quarterly profit significantly trails expectations
Shares of fashion apparel, cosmetics and home furnishing retailer Dillard's (DDS) are falling after the company's fourth quarter profit significantly trailed expectations. WHAT'S NEW: This morning, Dillard's reported Q4 adjusted EPS of $2.69 and revenue of $2.03B, compared to analysts' consensus estimates of $3.00 and $2.09B, respectively. The company reported its same store sales increased 4% in the quarter. ANALYST REACTION: This morning, research firm Buckingham said Dillard's shares remain a compelling value and that the firm would be buyers of the stock on weakness. Buckingham said it was encouraged by the company's ability to produce comparable sales in-line with better performing retailers despite a difficult, highly promotional environment. Buckingham maintained a Buy rating on the shares with a $112 price target. However, the firm added that its price target and estimates were under review. PRICE ACTION: In late morning trading, Dillard's fell $4.88, or about 5.5%, to $84.45 on nearly three times its average daily trading volume. Including today's slide, the stock is virtually flat over the past twelve months. OTHERS TO WATCH: Other diversified retailers include Bon-Ton Stores (BONT), Kohl's (KSS), J.C. Penney (JCP) and Sears (SHLD).
News For DDS;JCP;SHLD;BONT;KSS From The Last 14 Days
Check below for free stories on DDS;JCP;SHLD;BONT;KSS the last two weeks.
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September 18, 2014
17:33 EDTSHLDFairholme Capital reports 24.0% stake in Sears
The St. Joe Company, an affiliate of the Fund and Fairholme, is in discussions with the company regarding the $400M secured short-term loan disclosed on the 8-K filed by the Issuer on September 15. The St. Joe Company may invest up to $100M in participations relating to the Short Term Loan.
12:07 EDTJCPStocks with call strike movement; JCP FB
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10:56 EDTSHLDSears operations erasing $10/share in value each year, says Credit Suisse
In a note titled "Thinking About 'The End,'" Credit Suisse earlier today said events over the past month "had to shake supplier confidence" in Sears. The firm noted that Sears is generating negative operating cash flow of between $1B-$2B in 2014. Credit Suisse concludes that if Sears' real estate assets are worth as much as bulls think they are, then the company should liquidate since its operations are taking over $10 per share of value away every year. It has Underperform rating on Sears with a $20 price target. Shares of the retailer are down 2%, or 66c, to $28.90 in morning trading.
10:00 EDTKSSOn The Fly: Analyst Upgrade Summary
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09:36 EDTSHLDActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL YHOO TWTR VVUS RAD PWE WFM TSLA PIR SHLD
06:12 EDTKSSKohl's upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Kohl's to Buy on expectations the company's comp store sales and margins will improve due to better product assortment, loyalty program leverage and inventory management. Citi raised its price target for shares to $70 from $63.
September 17, 2014
09:36 EDTSHLDActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL WFM X YHOO TSLA TWTR RAX SHLD SPLS
09:01 EDTKSSKohl's to hire over 67K associates this holiday season
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05:46 EDTSHLDStocks with implied volatility above IV index mean; SHLD GTAT
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September 16, 2014
10:15 EDTSHLDSears tumbles to fresh 52-week low, levels to watch
The shares hit a fresh 52-week low at $30.88 before bouncing slightly higher. WIth price last at $31.18, support is at that new low. A break below $30.88 would see next support at $30.10. Resistance is at $31.71, a pivot low on a closing basis, and then at $32.62.
06:35 EDTSHLDSears borrows $400M from CEO's hedge fund
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September 15, 2014
11:51 EDTJCPStocks with call strike movement; TWTR JCP
Twitter (TWTR) November 57.50 call option implied volatility increased 4% to 54, J.C. Penney (JCP) October 12 call option implied volatility increased 8% to 52 according to IVolatility.
September 12, 2014
12:00 EDTBONTBon-Ton Stores to close its Fox Valley Furniture Gallery in Illinois
Bon-Ton Stores announced it will close its Carsonís Fox Valley Furniture Gallery in the Heritage Square Shopping Center in Naperville, Illinois. The company will not renew its lease, which terminates January 31, 2015. The closing will impact approximately 20 associates at this location.
07:44 EDTJCPJ.C. Penney volatility low into company hosted analyst day
J.C. Penney September call option implied volatility is at 40, October is at 42, November is at 45, January and February is at 41; compared to its 26-week average of 53 according to Track Data suggesting decreasing price movement into a company hosted analyst day event on October 8.
September 10, 2014
11:43 EDTSHLD, KSS, JCPLand's End soars after better than expected Q2 results
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07:01 EDTKSSKohl's announces Juicy Couture now available at stores nationwide
Kohlís announced that Juicy Couture is now available at Kohlís stores nationwide and Kohls.com/JuicyCouture. Kohlís is supporting the launch of Juicy Couture with a marketing campaign that includes a new partnership with Refinery29. For the first time, Kohlís is engaging the influential and popular online lifestyle destination to partner with key trend-setting bloggers and to host celebratory events. There will also be print, broadcast and digital advertising and social initiatives.
September 9, 2014
07:16 EDTJCPSterne Agee to hold a field trip
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September 8, 2014
11:15 EDTJCPJ.C. Penney volatility at 27-month low
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September 4, 2014
09:16 EDTKSSPVH Corp. says 'cautiously optimistic' about 2H14
PVH Corp. (PVH) sees continued momentum of 5% whole sale growth for the spring season in its Tommy Hilfiger business. Says seeing early signs of positive consumer reception in European and Asian markets in its jeans business. Says Heritage business seeing pressure from promotional retail environment, but the unit remains well positioned for "strong growth" in the future. Says Izod brand is set to launch at all major Kohls (KSS) stores. Believes that this launch will drive the company's turnaround plan in 2H14. Says "well positioned" for targeted earnings growth. Says August sales trends in Calvin Klein and Tommy Hilfiger are currently ahead of sales plan. Continues to see debt pay-downs on track for $400M for the year. Comments made during the company's Q2 earnings conference call.

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