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News Breaks | | | | January 10, 2013 | | 07:32 EDT |  | ZLC | Zale expects to achieve positive net income for FY13
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News For ZLC From The Last 14 Days Check below for free stories on ZLC the last two weeks. |
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| May 22, 2013 | | 16:25 EDT |  | ZLC | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. | | | 15:20 EDT |  | ZLC | Zale upgraded to Buy from Neutral at CL King
 Subscribe for More Information | | | 12:20 EDT | | ZLC | On The Fly: Midday Wrap
Subscribe for More Information | | | 12:00 EDT |  | ZLC | Zale rises 25%
Zale is up 25%, or $1.35, to $6.75 | | | 10:00 EDT | | ZLC | Zale rises 34.4%
Zale is up 34.4%, or $1.86, to $7.26 | | | 09:30 EDT | | ZLC | Zale gaps up sharply following earnings beat, levels to watch
Shares are up over 34% at time of writing, last at $7.26. The company beat for its Q3 EPS, coming in with a gain of 13 cents, versus consensus of a loss of 2 cents. At current price, resistance is at $7.66, the 52-week high. Support is at $6.95. | | | 09:00 EDT | | ZLC | Zale rises 26.3%
Zale is up 26.3%, or $1.42, to $6.82 | | | 08:59 EDT | | ZLC | On The Fly: Pre-market Movers
Subscribe for More Information | | | 07:43 EDT |  | ZLC | Zale still expects positive 2013 EPS
Subscribe for More Information | | | 07:41 EDT | | ZLC | Zale reports Q3 EPS 13c, consensus (2c)
Subscribe for More Information | | | | May 14, 2013 | | 10:01 EDT |  | ZLC | On The Fly: Analyst Initiation Summary
Subscribe for More Information | | | 07:57 EDT | | ZLC | Zale initiated with an Overweight at Stephens
Target $6. | |
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