Retailers appear to have been rescued at the last minute, according to data from the International Council of Shopping Centers. Shoppers looking for deals the week before Christmas -- and making up for the day lost to stormy weather on the East Coast -- spent aggressively, sparing the retail sector a dismal 2008-like performance.

The healthy conclusion to the holiday season led to a positive change from November and made December one of only three months (including September and October) in which retail sales increased year-over-year.

Continue reading Retailers Post Solid December, but Consumer Still Strapped

Retailers Post Solid December, but Consumer Still Strapped originally appeared on BloggingStocks on Fri, 08 Jan 2010 10:20:00 EST. Please see our terms for use of feeds.

This week, the world's top retailers will tell investors how the much-discussed holiday season went. Analysts expect a year-over-year gain of 1.3% for stores open at least a year, which of course uses a dismal 2008 as a benchmark.

The holiday shopping season is the last chance retailers get to pump up their financial statements before the close of their fiscal year, which usually comes at the end of January. For some retailers, up to 40% of their revenue comes in the weeks heading into Christmas.

Continue reading Retail Results to Come this Week, but Spring Is the Test

Retail Results to Come this Week, but Spring Is the Test originally appeared on BloggingStocks on Sun, 03 Jan 2010 13:20:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Kaufman Bros. upgraded Yahoo! (YHOO) to buy from hold after channel checks indicated display advertising is seeing continued improvement in pricing and demand. The firm finds the risk/reward profile on Yahoo! shares attractive at current levels and raised its price target on the stock to $20 from $19.
• Citigroup upgraded Edwards Lifesciences (EW) to buy from hold following the company's investor meeting as it believes new product launches will serve as catalysts in 2010. Citi raised its target on shares to $101 from $72.
• Deutsche Bank upgraded BWAY Holding (BWY) to buy from hold following the company's Q4 results and raised its target on shares to $22 from $17.
• Clearwire (CLWR) was upgraded to buy from sell at Soleil.
• Nokia (NOK) was raised to hold from sell at Societe Generale.
• NCR Corp. (NCR) was upgraded at JPMorgan to overweight from neutral.

Continue reading Analyst upgrades, downgrades and initiations: YHOO, EW, BWY, BRO, BNI, FFIV, AOL, CYPB, ATML ...

Analyst upgrades, downgrades and initiations: YHOO, EW, BWY, BRO, BNI, FFIV, AOL, CYPB, ATML ... originally appeared on BloggingStocks on Fri, 11 Dec 2009 10:00:00 EST. Please see our terms for use of feeds.

Albert Gonzalez faced the music in a U.S. District Court in Boston on Friday, pleading guilty to masterminding one of the biggest cases of identity theft in history. The deal he struck with prosecutors could have him turning big rocks into little ones for up to a quarter of a century.

The Miami resident compromised the computer systems of large, high-profile retailers, including TJX (NYSE: TJX), BJ's Wholesale Club (NYSE: BJ), OfficeMax (NYSE: OMX), Barnes & Noble (NYSE: BKS) and Sports Authority. Tens of millions of credit card numbers were swiped in this scheme, leading to 19 counts of conspiracy, computer fraud, wire fraud, access device fraud and aggravated identity theft -- if there are other charges ... well, you get the point.

Continue reading Remorseful hacker faces 25 years

Remorseful hacker faces 25 years originally appeared on BloggingStocks on Sun, 13 Sep 2009 10:10:00 EST. Please see our terms for use of feeds.

Nordstrom (NYSE: JWN) - overall implied volatility Elevated into EPS. JWN is expected to report EPS of .68 cents on 8/23 according to Thomson First Call. STFL say's "we believe JWN is successfully leveraging its sales success with operational improvements, better systems and well managed expenses." JWN over all option implied volatility of 42 is above its 26-week average of 30 according to Track Data, suggesting larger price risks.

TJX Cos (NYSE: TJX) - implied volatility Elevated into 8/14 EPS & Outlook. TJX, an off-price retailer with 1,530 T.J. Maxx & Marshall stores, is recently up .35 to $27.87. TJX is expected to report 2Q EPS of .36 cents on 8/14. Buckingham has a Strong Buy rating and $34 price target on TJX. BUCK say's "remains one of our top picks in the current weak retail environment." TJX over all option implied volatility of 35 is above its 26-week average of 25 according to Track Data, suggesting larger risks.

Office Depot (NYSE: ODP) - all volume & volatility Elevated as ODP near 2-year lows. ODP is recently up .34 to 23.74. ODP has a market cap of $6.4 billion. ODP September 25 calls have traded 404 times on transaction volume of 8,018 contracts above its open interest of 1,038 contracts. ODP September option implied volatility of 47 is above its 26-week average of 29 according to Track Data, suggesting larger risk.

Volatility Index S&P 500 Options-VIX at down 2.25 to 26.08.

Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Option update 8-13-07: Nordstrom-JWN overall implied volatility Elevated into EPS originally appeared on BloggingStocks on Mon, 13 Aug 2007 17:55:00 EST. Please see our terms for use of feeds.