SocialPicks Sentiment:
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SocialPicks Community
Saks is not a sucker play ; but it will be- buy now.
SKS
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+0.45%
in
5 days
The market : Saks is at $6.60 SG&A (Selling, General & Administrative expenses, a key component of costs) was basically flat compared to last year. Year over year, comparable store sales declined 10.1 percent .
My view is this is a great stock to buy, when retail comes back , you going to pine for that under near five spot this luxury stock was at. What I love about retail stocks and top end retails , what sell image, dreams, ego, persona and wealthy, is that it is so human, and emotional, just the type of stock that a emotionally intelligent broker and a frightened retail inve< />< />< />< />< />...
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WHY YOU SHOULD SHORT THE RETAILERS
SKS
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-6.35%
in
405 days
<> I am recommending the sell of the retailing sector. Why? The reason is simple, no one is buying anything right now. When was the last time you heard of a friend, neighbor, or colleague bought a new car? I tell you that it is obvious all over America (if not the world) put discretionary spending on perma hold a couple of weeks ago. You can rest assured that there isn't a retailer in America (even Walmart) that will have a great quarter. <> Ever since Bush went on prime time consequences..... the retail market has come to a screeching halt that is only slightly less frozen than the cr...
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From the Blogosphere
Coach's Short, Bumpy Ride
Coach (COH) was one of the biggest decliners on the S&P 500 Tuesday. Around 14% of Coach's revenue is from sales through department stores like Saks (SKS), who are holding leaner inventories this year to help margins. There has been a steady rise in the short base (percentage of shares outstanding on loan) in the past 3 weeks from 1.4% to 1.8%. This represents 5% of the total shares available for borrowing.
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Company News for November 18, 2009 – Corporate Summary
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• TJX (NYSE:TJX) posted a larger-than-anticipated profit as demand for discounted consumer products continued. The firm said it sees fourth-quarter earnings of 65 cents to 71 cents a share from continuing operations • Saks (NYSE:SKS) reported a surprise quarterly profit <>• Microsoft (NASDAQ:MSFT) shares rose 3.0%, and led the gainers on the DJIA, after Morgan Stanley (NYSE:MS) and UBS (NYSE:UBS) recommended the shares. Morgan Stanley's analyst raised the price target on the stock due to encouraging demand for Windows 7 and upbeat expectations for holiday season demand. UBS' analyst pla<><><><><><>< /><><>< /><>< /><>< />< />...
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Dillard's, Saks swing to Q3 profits; TJX earnings soar
Filed under: Earnings reports  Tuesday, TJX Companies Inc. (TJX) reported that its profit soared in the third quarter, and fellow retailers Dillard's Inc. (DDS) and Saks Inc. (SKS) said they swung to year-over-year profits in the same period.
TJX posted earnings of $347.8 million, or 81 cents per share, compared with $235.8 million, or 54 cents, in the year-ago period. Analysts had expected TJX to earn 80 cents a share. Sales rose 10% to $5.24 billion, while same-store sales increased 7%. Continue reading Dillard's, Saks swing to Q3 profits; TJX earnings soar <><>Dillard's, Saks swing to Q3 profits;...
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Stock Market News for November 17, 2009 – Market News
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U.S. stocks surged to their 13-month highs Monday as a weaker dollar and a rebound in U.S. retail sales reinforced hopes that an economic recovery is indeed underway. Stocks also got a boost after Fed chairman Ben Bernanke reiterated Fed’s intention to keep interest rates low for an extended period. <>Gold advanced 2% to fresh record highs; and the price of silver jumped 5.9%. The initial gains in the equity prices followed strength in Asian markets yesterday. Strength in Asia was partly helped by reports that said Japanese economy grew at its fastest pace in over two years, up 1.2% du<><><><><>< /><><>< /><>< /><>< />< />...
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Trading Radar for 11/17: Home Depot (HD), Saks (SKS), Target (TGT), Autodesk (ADSK), La-Z-Boy (LZB) Report
The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:<u>Before Market Opens:</u>Economics:8:30am EST- Core Producer Price Index – Street Sees 0.1%
- Producer Price Index – Street Sees 0.5%
9:00am ESTNet Long-Term TIC Flows – Street Sees $35 billion9:15am EST- Capacity Utilization – Street Sees 70.8%
- Industrial Production – Street Sees 0.4%
Earnings:Acorn International Inc. (NYSE: ATV) – no consensusChina Precision Steel, Inc. (NASDAQ: CPSL) – consensus EPS $0.03Covidien Plc. (NYSE: COV) – no consensusEdap TMS (NASDAQ: EDAP) – consensus loss...
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Retail Sales
- Analysis by seekingalpha.com - daniel Harrison
Did anyone bother to look at the itemized April retail sales data yesterday morning before they went ...
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Sell the retailers
- Ok, here is a dumb question. Who think the retailers will have improved numbers? Not me. I am selling them all.
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SELL THIS RALLY
- Sell this rally if you know what is good for you. The reasons are simple and relatively straight forward. Firstly, nothing has changed if anything th...
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More Resources
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About Saks Inc.
- Answers.com
