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Trader's Blog
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Today's News
Target, Zale, Saks are big movers
5 hours ago
Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Target Corp., down $2.86 at $68.40 The retailer reported a 26 percent drop in first-quarter profit and the company also cut its annual profit outlook. Zale Corp., up $1.20 at $6.60
Senate rejects bid to let states run food stamps
5 hours ago
The Senate on Wednesday rejected a Republican bid to turn the federal food stamp program over to the states. A proposal by Sen. James Inhofe, R-Okla., to a wide-ranging farm bill would have converted the program into grants to states, which could decide how to use the money, with certain restrictions. The Senate rejected the amendment 60-36.
Pacific Sunwear revenue gains cheer investors
5 hours ago
Pacific Sunwear of California Inc.'s shares soared 18 percent in after-hours trading Wednesday after the teen retailer's fiscal first-quarter revenue came in ahead of expectations and it issued a solid forecast for the second quarter. After the close of trading on Wall Street, Pacific Sunwear reported a loss of $24.2 million, or 35 cents per share, for the quarter that ended May 4. That's compared with a loss $15.6 million, or 23 cents per share, in the same quarter last year.
PetSmart 1Q profit rises, company boosts outlook
5 hours ago
PetSmart Inc. said Wednesday that its net income grew 8 percent in the fiscal first quarter and raised its forecast for the year, sending the pet retailer's shares higher in aftermarket trading The Phoenix company said a key sales measure had improved as customers made more purchases. PetSmart stock rose $1.94, or 2.8 percent, to $71 in aftermarket trading. The shares fell 74 cents to $69.06 during the day.
