BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Saks (SKS) and Nordstrom (JWN) out of fashion at Credit Suisse ]]>http://www.bloggingstocks.com/2009/05/28/saks-sks-and-nordstrom-jwn-out-of-fashion-at-credit-suisse/http://www.bloggingstocks.com/2009/05/28/saks-sks-and-nordstrom-jwn-out-of-fashion-at-credit-suisse/http://www.bloggingstocks.com/2009/05/28/saks-sks-and-nordstrom-jwn-out-of-fashion-at-credit-suisse/#commentsFiled under: , ,

Things aren't looking so luxurious for the shareholders of Nordstrom, Inc. (NYSE: JWN) and Saks Inc. (NYSE: SKS) today. Shares of both of these upscale department-store chains are seeing red today following negative words from Wall Street.

As Eric Buscemi noted this morning, JWN was cut to "underperform" from "neutral" at Banc of America/Merrill Lynch. Nordstrom was also sliced to "neutral" from "outperform" at Credit Suisse, citing valuation and concerns about the environment for mall anchors. Credit Suisse did maintain its price target of $22.

Continue reading Saks (SKS) and Nordstrom (JWN) out of fashion at Credit Suisse

Saks (SKS) and Nordstrom (JWN) out of fashion at Credit Suisse originally appeared on BloggingStocks on Thu, 28 May 2009 12:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>credit suisseCreditSuissedepartment storeDepartmentStoredowngradeinthenewsjwnnordstromsakssksThu, 28 May 2009 12:20:00 EST<![CDATA[Macy's: Uptrend is at odds with consumer confidence numbers]]>http://www.bloggingstocks.com/2009/02/24/macys-uptrend-is-at-odds-with-consumer-confidence-numbers/http://www.bloggingstocks.com/2009/02/24/macys-uptrend-is-at-odds-with-consumer-confidence-numbers/http://www.bloggingstocks.com/2009/02/24/macys-uptrend-is-at-odds-with-consumer-confidence-numbers/#commentsFiled under: ,

Perhaps Wall Street missed the memo "Sell the news." Macy's (NYSE: M), the largest department store company in the country, beat analyst estimates by roughly 5.2% with a fourth quarter adjusted profit of $1.06 per share. Punters sent shares up smartly on the news, over 4%.

That same morning, we got the worst CCI numbers on record -- below the 30-point range. The Piqqem Sentiment on Macy's has flat-lined after some uptick, implying today's swing could be a dead-cat bounce.


Continue reading Macy's: Uptrend is at odds with consumer confidence numbers

Macy's: Uptrend is at odds with consumer confidence numbers originally appeared on BloggingStocks on Tue, 24 Feb 2009 15:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>department storeDepartmentStoredillardsearnings reportsEarningsReportsmacysNordstromsrecessionretail stocksretailersRetailStocksTue, 24 Feb 2009 15:50:00 EST