By Angela MoonNEW YORK Reuters - Wall Street fell 2 percent on Thursday as escalating sovereign debt problems in Europe and a surprise rise in U.S. jobless claims sparked concerns about the health of the global economy.The selloff was broad-based, but financial, energy and materials sectors were hit hardest as...
By Edward KrudyNEW YORK Reuters - U.S. stocks sank on Thursday as escalating fears of sovereign debt problems in Europe led investors to dump riskier assets.Mining and materials companies' shares took a pounding. Worries over the debt struggles of euro-zone countries Greece, Portugal and Spain fueled a flight from stocks...
By Nicole MaestriSAN FRANCISCO (Reuters) - January sales at top U.S. retail chains should rebound into positive territory from last year's decline as shoppers redeemed holiday gift cards and retailers avoided drastic clearance sales.Retailers ranging from Target Corp TGT to J.C. Penney Co Inc JCP to American Eagle Outfitters Inc...
By Leah SchnurrNEW YORK (Reuters) - Share buybacks by U.S. corporations could be back in style this year as an improving economy makes companies more willing to loosen their purse strings to fund transactions that could reward investors with a higher share price.Repurchases rose solidly through the boom years starting...
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Colin McGranahan – Sanford Bernstein Colin McGranahan – Sanford Bernstein First question is really on the discretionary category and if you could maybe parse down a little bit what you’re seeing in terms of units per...
Target (NYSE: TGT) closed yesterday at $48.78. So far the stock has hit a 52-week low of $25.00 and 52-week high of $52.46. The proprietary Key Risk Ranking for TGT h...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
Say goodbye to rate hikes without warning monthly changes to your billing cycle and the foggy notion of how long it will take to pay your bill in full; those will soon be credit card hassles of the past.On May 22 2009 President Obama signed the Credit Card Accountability Responsibility and Disclosure Act a bill intended to increase industry transparency and help American consumers better manage their debt. Most of the provisions of the new legislation will be enforced beginning on February 22.While the President referred to the Credit CARD Act reforms back in May as "common sense " ...
Target (NYSE: TGT) closed yesterday at $48.78. So far the stock has hit a 52-week low of $25.00 and 52-week high of $52.46. Target stock has been showing support around 48.15 and resistance in the 49.97 range. Technical indicators for the stock are Bearish and S&P gives TGT a neutral 3 STAR (out o...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
When the Bureau of Labor Statistics puts out its monthly employment report like it did last Friday, the number of jobs gained or lost is the net number between jobs lost and jobs gained. Today, they put out a more detailed picture — but for December, not January — in what is known as the ...
BloggingStocks: Shoppers spent more time - and money - in malls last month, with many retailers posting on Thursday strong results in what tends to be the final month of their fiscal year. The rich are doing a better job of prying open their wallets, as ... Read more
A report compiling the January same-store sales figures of 29 US retailers showed overall growth of 3.3% percent, surpassing analysts' expectations of 2.5%...(Read More)
We have recently initiated coverage on Target Corporation (TGT) with a Neutral recommendation and a target price of $53.00, as we anticipate it to perform in line with the industry.
Target’s strategic initiatives should help drive comparable-store sales and operating margins in the long term. We expect the company to gain market share, and believe that [...]
Tiffany & Company (TIF), the designer, manufacturer and retailer of fine jewelry, recently boosted quarterly dividend by 17.6%. The Board has approved an increase in annual dividend to 80 cents (or 20 cents quarterly) from 68 cents a share (or 17 cents quarterly). The increased dividend will be paid in April 2010.
Tiffany also notified that [...]
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