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(MAR) Marriott International to Binge on Caribbean
Marriott International Inc. (MAR) recently revealed its intention to double is presence in the Caribbean and Latin America by 2017. Currently, Marriott operates 69 hotels in 25 countries in that region. The...
(COST) Retail Industry Stock Outlook – April 2012 – Industry Outlook
Right-sizing inventories and enhancing efficiencies through greater use of technology were the key agenda items on retailers’ to-do lists most of last year. Progress on those fronts has paved the way for the retailers to enter fiscal 2012 with a more optimistic outlook.
So...
(COST) Retail Industry Stock Outlook – April 2012 – Industry Outlook
Right-sizing inventories and enhancing efficiencies through greater use of technology were the key agenda items on retailers’ to-do lists most of last year. Progress on those fronts has paved the way for the retailers to enter fiscal 2012 with a more optimistic outlook.
So...
(UAL) United Continental – Bear of the Day
We are downgrading our recommendation on United Continental (UAL) to Underperform on projections of a weak first quarter. Although United Continental would benefit from merger synergies, global network, leading...
(GPS) Gap Expands to South Africa
Only a few days ago we reported about our balanced view on Gap Inc. (GPS) and thus reiterated our long-term Neutral recommendation on the premier international specialty retailer. Our prime focus in rendering...
(DISH) DISH Network Sees Standard & Poor’s Ratings Services Upgrade
Satellite pay-TV service provider DISN Network Corp. (DISH) recently received a shot on its arm as Standard & Poor’s Ratings Services (S&P) raised its outlook on the company from Stable to Positive....
(SIRI) SIRIUS XM Teams with Asbury Automotive Group (revised)
SIRIUS XM Radio Inc. (SIRI) recently announced a strategic partnership with Asbury Automotive Group (ABG) in order to provide radio service...
(JWN) Nordstrom Expands Store Network
Nordstrom Inc. (JWN), a leading fashion specialty retailer in the United States, announced the opening of two new Nordstrom Rack stores; one in Huntington, New York, and the other in Upland, California.
The...
(ASGN) Company News for March 22, 2012 – Corporate Summary
• Netflix (NASDAQ:NFLX) announced that next year it would offer an original horror series, Hemlock Grove, starring Bill Skarsgard and Famke Janssen. Following the announcement, Netflix’ shares jumped 4.4% to settle...
(ZUMZ) Zumiez Incorporated – Bull of the Day
Zumiez Inc. (ZUMZ) posted earnings of $0.60 per share for fourth quarter 2011, beating the Zacks Consensus Estimate by a penny and improved substantially from the prior-period profit of $0.49. The improved...
(CVS) Management Churn at CVS Caremark
CVS Caremark Corporation (CVS) recently announced a change in top management. According to the company’s design, effective September 1, 2012, the present EVP and Chief Operating Officer of the Pharmacy Benefit...
(V) Visa Shuns Global Payments Incorporated for Breach of Data
Visa Inc. (V) has dropped Global Payments Inc. (GPN) from its list of service providers after detecting a cyber intrusion in the latter’s...
(CCL) Carnival Corporation – Bear of the Day
Following the recent sinking of Carnival Corp.’s (CCL) cruise ship, we are cautious about the sector in the near term. This disaster shook customer confidence, thereby sharply reducing the booking volume...
(DISH) DISH Network Gains FCC Confidence
Recently, DISH Network Corp. (DISH) received a favorable ruling from department of Federal Communications Commission (FCC) to use its existing satellite spectrum of 40MHz for setting up terrestrial wireless...
(BGFV) Big 5 Sporting Goods Corporation Upgraded to Neutral
We have upgraded our long-term recommendation on the U.S. based sporting goods retailer Big 5 Sporting Goods Corporation (BGFV) to Neutral from Underperform with a target price of $8.50. This rating upgrade...
(LUV) Southwest Airlines – Bear of the Day
We are downgrading our recommendation on Southwest Airlines (LUV) to Underperform as the company is not expected to report profits in the first quarter this year. The company reported lower year-over-year...
(WPO) The Washington Post Company – Bull of the Day
The Washington Post’s (WPO) top and bottom lines surpassed the Zacks expectations in the fourth quarter of 2011. The quarterly earnings of $8.75 per share beat the Zacks Consensus Estimate of $5.36 (but...
(HOT) Starwood Hotels & Resorts Worldwide To Open Aloft Property in California
Aloft, one of the new lifestyle brands of Starwood Hotels & Resorts Worldwide Inc. (HOT) is set to unveil a property in Cupertino, California in early 2013. The upcoming property will mark the third Aloft...
(KR) The Kroger Company – Bull of the Day
We upgraded our recommendation on The Kroger Company (KR) to Outperform following the company’s fourth-quarter 2011 results. The quarterly earnings of $0.50 per share beat the Zacks Consensus Estimate...
(WU) Western Union Launches WU Pay
In a conscious effort to expand its e-payment service, Western Union Co. (WU) has announced the launch of WU Pay.
The recently launched platform will enable customers to pay for their online purchases...
(ICE) IntercontinentalExchange Incorporated – Bull of the Day
We are upgrading our recommendation on IntercontinentalExchange Inc. (ICE) based on its high earnings visibility, strong product portfolio, consistent cash generation, disciplined investment and limited balance...
(EXM) Excel Maritime Carriers- Bear of the Day
We downgrade our recommendation on Excel Maritime Carriers (EXM) to Underperform ahead of its fourth quarter of 2011 financial results. We believe the drybulk shipping industry has a gloomy outlook, facing...
(CNI) Canadian National Railway Buys Locomotives
After announcing plans for initiating new intermodal services connecting British Columbia and Alberta, Canadian National Railway (CNI) is about to carry out another infrastructural development. The company...
(MHS) Medco Healh Analyst Reiterates Shares at Neutral
Recently, we reiterated our Neutral recommendation on Medco Health (MHS) with a target price of $74.00.
During the fourth quarter of fiscal 2011, Medco reported adjusted EPS of $1.25, beating the Zacks...
(GES) Guess? Incorporated – Bear of the Day
Guess? Inc.’s (GES) fourth quarter and fiscal 2012 earnings missed year-ago earnings by 5.4% and 1.9%, respectively. Severe austerity measures taken by the European government to combat the debt crisis...
(ESRX) Company News for March 12, 2012 – Corporate Summary
• Starbucks Corporation (NASDAQ:SBUX) launched the latest espresso brewer and announced that the company will be selling single-cup coffee machines
• According to reports, the Federal Trade Commission...
(CAB) Cabela’s Analyst Reiterates Outperform Rating on Shares
We reiterate our long-term Outperform recommendation on Cabela’s Inc. (CAB), one of the leading specialty retailers and direct marketers of hunting, fishing, camping, and related outdoor merchandise,...
(KR) The Kroger Company – Bull of the Day
We upgraded our recommendation on The Kroger Company (KR) to Outperform following the company’s fourth-quarter 2011 results. The quarterly earnings of $0.50 per share beat the Zacks Consensus Estimate...
(WAG) Walgreen Inks Deal with AARP
Leading drugstore chain Walgreen (WAG) recently entered into a three-year contract with a nonprofit organization AARP, to deliver retail drugstore program benefits to its members belonging to the 50-plus age...
(ROST) Ross Stores’ February Results Strong
February 2012 proved another strong month for Ross Stores Inc. (ROST), the largest off-price apparel and home fashion chain in U.S., with sales and same store sales numbers showing substantial improvement...