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Where is the retailer headed this holiday season?
Target (TGT) really hit the mark Wednesday with earnings that blew away Wall Street estimates.
The Minneapolis retailer reported earnings of 87 cents per share on $16.4 billion in revenue. Analysts were looking for earnings of 74 cents per share on $16.3 billion.
Protesters intend to shut down the New York Stock Exchange and various subway stations on Thursday.
By Joe Deaux, TheStreet
A day after a New York Supreme Court judge ruled Occupy Wall Street protesters couldn't return to Zuccotti Park with tents and sleeping bags, the protesters were preparing to shut down Thursday the New York Stock Exchange and subway stops across all five of the city's boroughs.
Thursday marks the two-month anniversary of the protest movement and demonstrators have said being kicked out of the park on Tuesday has invigorated them even more to close Wall Street.
While the US stock market remains in stasis, the eurozone debt market is under incredible selling pressure as the resources needed to end the crisis dwindle.
It's been a story of two markets this week. On one hand, the European sovereign debt market has been hammered like never before, with the contagion of fear and the symptoms of rising borrowing costs and panicked selling spreading from the infected like Italy and Spain to once-immune countries like France, Belgium, the Netherlands and Austria.
On the other hand, the U.S. stock market continues to post low-volume, narrow-breadth, late-day rebounds kicked off by the closing of European markets. It has remained within a narrowing monthlong trading range.
The organization has lost $5.1 billion in the past year and can't make an annual $5.5 billion payment due Friday.
The service said this week that it lost $5.1 billion in the past year. And that's after a prolonged cost-cutting effort that eliminated 130,000 jobs and shuttered smaller post offices.
The company is reportedly allowing only employees into the facilities at some New York cafes.
The company is getting a little tired of that in New York, according to news reports. So it's begun closing off some restrooms to everyone but employees.
Forget the major players for now and turn your attention to the less glamorous parts of this energy sector.
By Gene Marcial
Oil is hardly considered black gold anymore, with crude prices no longer shooting up into the stratosphere. But investors shouldn't give up on oil because some energy-related stocks are becoming more attractive even as Wall Street is shifting its focus away from the industry.
Forget the major oil exploration and production companies such as ExxonMobil (XOM) or Chevron (CVX) for a while and turn your attention to the less glamorous parts of the business that aren't on the radar of most investors, large and small. Companies that service and provide supplies and all types of support to the giant oil producers are the alluring hidden plays that deserve attention.
The bank says it's aiming for $2 billion in ongoing efficiency savings annually.
By Shanthi Bharatwaj, TheStreet
The details are still being worked out, and the final number could be higher. People familiar with the staffing plans also noted that some of the actions have already been communicated and are a result of re-engineering and divestitures.
The computer maker has tried numerous turnaround strategies, but nothing seems to be sticking.
Dell (DELL) CEO Michael Dell has been trying to figure out what to do with the company he co-founded ever since he returned as captain of the ship in 2007. His ideas seem not to be working, as evidenced by Tuesday's disappointing earnings.
First he wanted to win over consumers with snazzy product designs like Apple (AAPL). "We are kind of in the fashion business," he told the Knowledge@Wharton website, run by the University of Pennsylvania's business school, in 2007. "We have been putting quite a bit more energy into this. It will be reflected in future products."
A new CEO hopes some tech-world experience will help him reimagine the struggling retailer.
Ron Johnson is the new J.C. Penney (JCP) chief executive officer, taking the reins of the iconic retailer on Nov. 1. And if his recent comments to analysts are any indication, the new CEO is looking to draw heavily on the big ideas from his days at Apple (AAPL) to breathe new life in to the struggling department store.
Why? Two reasons: The president's blanket opposition to fossil fuels, and the coal and chemical money lobbying Congress.
It's not my wish is my command, but it was terrific Tuesday to see the introduction of the New Alternative Transportation to Give American Solutions, NATGAS Act, introduced in the Senate.
The aim is to give incentives to trucking businesses to switch to cleaner engines that use cheaper, more abundant natural gas but are more costly than regular engines to procure. If this bill passes, it would make little sense not to buy nat gas engines, because of the historic low price of natural gas compared with diesel. We have so much natural gas in this country that it is no longer an issue of availability. Diesel will almost always, from now on, be in short supply because of refinery issues and ridiculously strong Chinese demand.
The sporting goods giant sprints past estimates, raises guidance and announces a dividend.
Dick's Sporting Goods (DKS) reported better-than-expected third quarter earnings Tuesday and the company also announced a dividend for the first time. Shares jumped about 5% in early trading and held those gains much of the day, closing at $41.41, a gain of 4.5%.
Amazon officially launches its new tablet today.
The tablet market feels like it's an old friend, when in reality it's still incredibly nascent. Apple (AAPL) kicked off the iPad in April 2010, so we're just barely past the one-and-a-half-year mark. The Kindle Fire has garnered mixed early reviews, with some praising its compelling value proposition for its impulsively tempting $199 price tag. Some see it as a viable threat to the iPad, while others put it in a category of its own.
Doug Kass says the company's portfolio is so massive that it will have to make larger deals just to move the needle.
Take Monday's announcement by Warren Buffett that Berkshire had invested $10 billion in IBM (IBM), Kass wrote in a note. Berkshire's portfolio is so huge that it will have to make larger deals just to move the needle. He thinks the IBM deal shows that "more ordinary and plain vanilla" investments will be the core of Berkshire's portfolio strategy in the future.
A phony Google+ site that appeared to belong to the bank has been taken down, creating embarrassment for B of A and Google.
Pranksters created a fake website for the bank on the Google+ social network this month, posting unflattering pictures of executives and snarky status updates.
The site appeared to be legitimate, with the bank's logo and contact information. But a description that read "We took your bailout money and your mortgage rates are going up" and updates such as "Big company party in foreclosed house #2340087 tonight!" were dead giveaways that the bank had been punked.
If market adages continue to prove true, perhaps a Santa Claus rally is in store for December.
By Jeff Kleintop, TheStreet
It has been a textbook year. That is, if your textbook is the Stock Trader's Almanac. The old stock market chestnut "sell in May and go away" proved to be good advice this year. But that was not the only adage of Wall Street traders that worked in 2011 -- they all worked.
This has been the year of the stock market cliché in that all of the time-worn axioms based on the calendar actually were worth following this year:
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[BRIEFING.COM] The stock market ended the midweek session on a mixed note. Blue chip listings bolstered the Dow Jones Industrial Average (+0.4%) and S&P 500 (+0.3%), while the Russell 2000 (-0.4%) and Nasdaq Composite (-0.02%) underperformed.
Equity indices began the day in the red, but wasted no time regaining their flat lines. Small-cap stocks were not as fortunate as the Russell 2000 spent the day in the red.
Upon returning into positive territory, the key indices were ... More
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