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Market Wrap For February 6: Stocks Higher With All Eyes On Friday's Jobs Report
Thursday, February 6, 2014 - 5:37pm | 3005U.S. stocks moved sharply higher today as investors and traders digested positive news about the job market. It is unclear if Thursday's momentum will be carried forward Friday with the release of the January employment survey. The Dow gained 1.22 percent, closing at 15,628.53. The S...
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Market Wrap For February 3: Bears In Complete and Absolute Control
Monday, February 3, 2014 - 5:45pm | 2594U.S. stocks continued its losses on an accelerated basis on Monday. Investors are in clear panic mode following a report that U.S manufacturing activity expanded at a slower pace in January. The Dow plunged more than 300 points while the S&P 500 and Nasdaq both fell more than two percent as...
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Jos. A. Bank to Men's Wearhouse: Our Answer Remains NO
Monday, February 3, 2014 - 4:51pm | 500On Sunday, Jos. A. Bank (NASDAQ: JOSB) rejected yet another takeover offer by rival Men's Wearhouse (NYSE: MW) despite a previous offer to “sweeten” the deal. Last Thursday, Men's Wearhouse said it could raise its offer to $1.61 billion, or $57.50 a share, “if additional value was discovered...
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Market Wrap For January 31: Markets End January On Sour Note
Friday, January 31, 2014 - 5:38pm | 2825U.S. stocks fell steeply on Friday as Wall Street recorded its first monthly loss since August. Investors have plenty on their plate to worry about from emerging markets, an earning season failing to ignite excitement and a lackluster consumer confidence that is being felt by many retailers who...
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Market Wrap For January 30: Markets Focus on Good News
Thursday, January 30, 2014 - 6:06pm | 2831U.S. stocks rose on Thursday as investors and traders focused on the positives. Data showed that the economy expanded in the fourth quarter as consumer spending gained traction. "Today the market is focused on the good news, or the developed world," Bill Stone, chief investment strategist at...
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Market Wrap For January 14: Markets Rebound On Earnings Season Kickoff
Tuesday, January 14, 2014 - 6:19pm | 2515Major indices reversed Monday's losses and posted strong gains following a better than expected retail sales report and a luke-warm start to earnings season. Related: Stocks Higher, But Dollar Indecisive After Retail Sales Release Philidalphia's Fed chief Charles Plosser said that he wants QE...
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Market Wrap For January 13: Markets Showing Weakness Ahead Of Major Earning Releases
Monday, January 13, 2014 - 5:52pm | 2370Investors and traders were in clear selling mode today ahead of a very busy week of earnings. The Dow suffered a triple digit point loss while the S&P 500 and Nasdaq suffered losses of more than one percent. There were no key economic data releases today. Related: Earnings Expectations For...
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Market Wrap For November 26: Nasdaq Closes Above 4,000 For First Time Since 2000
Tuesday, November 26, 2013 - 5:44pm | 1627Investors and traders certainly had their plates full Tuesday with a plethora of data releases sending the Dow to new record highs and the Nasdaq index closing above 4,000 after briefly breaching the mark on Monday. The markets gave back modest gains towards the end of the trading session and...
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Men's Wearhouse Offers to Buy Jos. A. Bank for $55 A Share in Cash
Tuesday, November 26, 2013 - 2:20pm | 307Jos. A. Bank's (NASDAQ: JOSB) conquest to acquire Men's Wearhouse Inc (NYSE: MW) has taken a strange turn. On November 26, Reuters reported that Men's Wearhouse offered a retaliatory offer of $55 per share in cash to acquire Jos. A. Bank. This comes just over a week after Jos. A. Bank retracted...
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Did Jos. A. Bank Really Try this Classic Earnings Announcement Ruse?
Tuesday, January 29, 2013 - 10:20am | 484Even the best business suit eventually loses its luster and has to be replaced. Such may be the case with Jos. A. Bank Clothiers’ (NASDAQ: JOSB) venerable business model. Shares of the company’s stock, like their famous suit promotions, aren’t “buy one, get one” yet, but the stock did fall 18...
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Seven Apparel Retail Stocks Worth a Look Now
Monday, December 19, 2011 - 7:39am | 901The holiday shopping season seems to be going better than early forecasts suggested. So here are seven retail stocks that might be worth a look. All have double-digit returns on equity and double-digit long-range EPS growth forecasts. Each is up more than 10% over the past year as well. DSW (NYSE...
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Ten Apparel Retail Stocks Worth a Look Now
Saturday, August 6, 2011 - 12:45pm | 1063The earnings spotlight turns to retail this coming week with quarterly reports due from the likes of Kohl's (NYSE: KSS), Macy's (NYSE: M) and Nordstrom (NYSE: JWN). Analysts are looking for earnings growth from these three. And investors may take some comfort from the fact that, last week, many...