Circuit City (CC) sacked the CEO who ran the company for the past four years. Philip Schoonover held every important job at the retailer from chairman to CEO to president. He was…
Goldman Sachs is out with a negative call this morning that is a downgrade in the department stores section of the retail sector. The firm believes that gains of some 30% while…
These are some of the preliminary upgrades or positive research calls seen out of Wall Street analysts this Monday morning in early morning hours: Ciena (NASDAQ: CIEN) raised to Market Perform at…
It is not uncommon during a serious recession for the shares of many public companies to drop. 24/7 Wall St. has assumed, for the purpose of finding stocks which could rise sharply,…
These are 10 of the top calls that 247WallSt.com is looking at this morning: Altria (NYSE: MO) cut to Neutral at JPMorgan. Herbalife (NYSE: HLF) started as Overweight at Lehman Brothers. ITT…
There is an interesting report out of ChangeWave, which shows that higher prices combined with tighter consumer pocketbooks are driving customers significantly. A large-scale movement to discount retailers driven by skyrocketing inflation…
J. C. Penney Company, Inc. (NYSE:JCP) has just revised its sales and earnings guidance for the first quarter. Of course it is to the downside. The guidance reflects incremental weakness in the…
Baby has got to have new shoes. For those who can’t afford the nice ones, there is always Wal-Mart (NSYE: WMT). And that showed up in their same-store sales last month. Wal-Mart’s…
ChangeWave looked at consumer spending habits between February 18 and February 25. They polled 3,773 people on their spending plans going forward. Thirty-nine percent said that they would spend less over the…
Macy’s (NYSE: M) posted earnings of $1.73 EPS and revenues were $8.59 Billion versus $1.60 EPS and revenues of $8.62 Billion estimates from First Call. Same store sales for the quarter were…
Douglas A. McIntyre On Tuesday morning we’ll get to see earnings out of Macy’s, Inc. (NYSE: M). The estimates from First Call are $1.60 EPS on $8.62 billion in revenues. Next quarter estimates are $0.04…
Douglas A. McIntyre Billionaire activist investor and financier Carl Icahn has released the total holdings in an SEC filing for the period end December 31, 2007 for ICAHN CAPITAL, LP. As Carl Icahn and his…
Accorrding to Reuters, GM (NYSE: GM) will have half of its cars running on ethanol by 2012. Reuters writes that Cisco (NASD: CSCO) gave a weak forecast, moving tech shares down. Reuters…
Macy’s Inc. (NYSE: M) is seeing shares hold up better than you’d imagine if you would have gotten to see the news last week or even yesterday. Traders are still reacting to…
Douglas A. McIntyre Some of these stocks hit 52-week lows and recovered off of lows so they won’t have a low close. But these did all touch or breach the 52-week lows. At the end…