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Bon-Ton Stores Proves The Value Of Shorting A Stock
Friday, January 17, 2014 - 2:36pm | 324Read More...On December 5, 2013, Bon-Ton Stores (NASDAQ: BONT) closed at $17.51. That day, Benzinga published an article, "3 Reasons to Short Bon-Ton Stores." Bon-Ton Department Stores is now trading around $12.40 a share. It is off by well over 30 percent for the last month of market action. The reasons...
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Stocks that Pay Dividends are The Great Equalizers for Income Disparity
Friday, December 20, 2013 - 2:31pm | 459Read More...The Obama Administration is focusing the efforts of its second term on income inequality in the United States. Although Wall Street is associated with being the province of the wealthy, there is no place that any individual is treated more equitably than as a shareholder of a publicly-traded...
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Martha Stewart, Macy's, JC Penney Go to Court – the Retail Wars Are On!
Tuesday, February 26, 2013 - 1:33pm | 620Read More...It all started with a phone call. As reported by Bloomberg, Macy’s (NYSE: M) CEO, Terry Lundgren testified in court Monday that in December 2011 he received a phone call from Martha Stewart of Martha Stewart Living Omnimedia (NYSE: MSO) who told him about her company’s deal to sell products at...
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Earnings Expectations for the Week of August 6
Monday, August 6, 2012 - 6:29am | 905Read More...Analysts on average expect to see per-share earnings that are less than a year ago when Dish Network (NASDAQ: DISH), MGM Resorts (NYSE: MGM), Molson Coors (NYSE: TAP), News Corp. (NASDAQ: NWSA), Sotheby's (NYSE: BID) and Sirius XM Radio (NASDAQ: SIRI) share their quarterly results this week. Retail...
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The Real Deal on Wall Street: JC Penney Mania has Swept Wall Street
Friday, January 27, 2012 - 8:14am | 596Read More...There has been one constant this week on Wall Street, and that is the outbreak of JC Penney (NYSE: JCP) fever. Earnings season stories have changed daily. The Federal Reserve meeting came and went but not before Ben Bernanke dropped a bomb on the savings accounts and CDs of baby boomers and...
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Citi Reiterates Buy on JC Penney
Tuesday, June 21, 2011 - 7:55am | 167Read More...Citi is out with its report today on JC Penney (NYSE: JCP), reiterating Buy. In a note to clients, Citi writes, "JCP provided greater clarity on the timing of the transition of leadership responsibilities to incoming CEO Ron Johnson. Mr. Johnson will assume immediate responsibility for JCP's core...
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Citigroup's PT Changes On JCP, M
Friday, June 3, 2011 - 6:23am | 36Read More...Citigroup's Retail price target changes today include: JC Penney (NYSE: JCP) from $52 to $45, Buy Macy's (NYSE: M) from $44 to $45, Buy
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Citi Reiterates Buy Rating On JC Penney
Wednesday, May 25, 2011 - 8:38am | 128Read More...According to Citi, JC Penney (NYSE: JCP) management was upbeat at Citi's conference, citing the fact that all 19 of its growth initiatives exceeded plan in 1Q11. Citi said that JCP will also be increasing its investment in the center core, which has 3x the sales productivity of the overall store...
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Morgan Stanley Raises PT On JC Penney To $32
Thursday, May 19, 2011 - 7:48am | 27Read More...Morgan Stanley has raised the price target on JC Penney (NYSE: JCP) from $28 to $32 and maintains its Underweight rating.
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Citigroup Raises PT On JC Penney To $52
Tuesday, May 17, 2011 - 6:19am | 26Read More...Citigroup has raised the price target on JC Penney (NYSE: JCP) from $51 to $52 and maintains its Buy rating.
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Citi Maintains Buy on JC Penney (JCP)
Thursday, April 14, 2011 - 8:28am | 134Read More...Citi is out with its report today on JC Penney (NYSE: JCP), maintaining Buy. In a note to clients, Citi writes, "We rate the shares of J.C. Penney Company Inc. Buy/High Risk (1H). In our view, J.C. Penney has the proper merchandising, marketing, and technology initiatives in place to drive sales...
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Citi Debunking JC Penney Bear Case
Friday, March 11, 2011 - 9:36am | 150Read More...In a report published by Citi, JC Penney (NYSE: JCP) is debunking the bear case. Citi said that it is raising its 2011-2014 EPS estimates for JCP, raising its target price to $50, up from $46 previously, and adding the stock to CIRA's Top Picks Live! list. “We believe that JCP has a significant...
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JCPenney Reports 3Q Results
Friday, November 12, 2010 - 8:51am | 396Read More...J. C. Penney Company, Inc. (NYSE: JCP) reported net income of $44 million dollars or $0.19 per share for the quarter ended Oct. 30, 2010, compared to $0.11 per share in last year's third quarter. Comparable store sales were positive for the third consecutive quarter, increasing 1.9 percent over...
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JC Penney Reports Soft Quarter
Friday, November 5, 2010 - 7:57am | 155Read More...Piper Jaffray has published a research report on JC Penney Company (NYSE: JCP) after the company reported a soft quarter, but still is managing to stay within the estimated guidance range. In the report, Piper Jaffray writes "October results were softer than expected, given more difficult weather...
