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Tailored Brands Still Surging After Q3 Earnings
Thursday, December 8, 2016 - 2:41pm | 263Tailored Brands Inc (NYSE: TLRD) reported Q3 results after market close on Wednesday, drastically beating both top- and bottom-line estimates. EPS of $0.68 compared with a $0.55 estimate, and revenue of $864 million compared with a $832 million estimate. The market responded in droves, driving the...
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Men's Wearhouse Stock Plummets 5.7%
Thursday, December 10, 2015 - 2:16pm | 344Men's Wearhouse Inc (NYSE: MW) crumbled by 5.7 percent on Thursday. The company's nearly 6 percent fall continues the recent trend for the retailer. Men's Wearhouse stock is currently down nearly 16 percent in the past one-month, and the GAAP loss per share for fiscal third-quarter 2015 has come in...
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Market Wrap For June 2: Dow, S&P Continue Rising, Nasdaq Slightly Lower
Monday, June 2, 2014 - 4:36pm | 2382U.S. stocks were mostly positive on the first trading session of June in which investors were left confused over ISM's May Manufacturing data which was revised twice. Both the S&P 500 and Dow Jones indices reached new highs. The S&P 500 index reached a new all time high of 1,925.88...
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Don't Buy The Rumor, Buy The Pullback
Thursday, May 8, 2014 - 2:22pm | 1036With the merger and acquisition market heating up as of late, it's tempting to try and capitalize on the activity. But buying on the rumor and selling on the fact may not always be the best strategy. More times than not, the initial surge that takes place may have traders enter the issue at...
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Market Wrap For April 2: Markets On Four-Day Winning Streak
Wednesday, April 2, 2014 - 4:40pm | 2499U.S. stocks rose for the fourth-consecutive day as investors found plenty of positives in today's ADP National Employment Report released today. As a result, the S&P 500 hit new all time highs of 1,893.17 while the Dow remains just a few small points away from its all time highs. The next...
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Market Wrap For March 20: Investors Showing No Post-Fed Decision Hangover
Thursday, March 20, 2014 - 4:44pm | 1946U.S. stocks recovered most of Wednesday's losses after Fed Chief Janet Yellen spooked the markets a bit by hinting a rate hike could occur as soon as six months after the central bank terminates its quantitative-easing program. Investors found positives in several economic reports released...
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Market Wrap For March 11: Markets End Slightly In The Red As Ukraine Worries Persist And Continued Chinese Conerns
Tuesday, March 11, 2014 - 4:42pm | 2333U.S. stocks declined as investors continue to question China's growth prospects following Monday's shocking report that its exports had tumbled in February. Certainly not helping investor sentiment is the fact that Crimea's parliament voted to declare independence from Ukraine. This weekend,...
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Market Wrap For March 3: Markets Lower On Ukraine Tension
Monday, March 3, 2014 - 5:57pm | 2716U.S. stocks traded lower as investors worry Russia's next step in its use of military force in Ukraine. The Dow saw its worst day in a month while other major indices finished noticeably lower. Investors moved away from equities and found what is believed to be a safe haven in gold and other...
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Jos. A. Bank And Men's Wearhouse Finally Cozying Up To Each Other?
Monday, March 3, 2014 - 11:50am | 439The drama continues with Jos. A. Bank (NASDAQ: JOSB) and Men’s Wearhouse (NYSE: MW), but it appears that the two companies are getting at least a little friendlier with each other. According to a press release Monday morning, Men’s Wearhouse said that the two companies agreed to a non-...
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Market Wrap For February 26: Markets Slightly Higher On Housing Data
Wednesday, February 26, 2014 - 5:49pm | 2763U.S. stocks ended the day in positive territory following a volatility trading session in which the Nasdaq index hit a 14 year high and the S&P 500 index was pushed back in to record territory. Investors found housing data to be encouraging news as the three major indices finished the day...
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Mergers And Acquisitions In 2014 (Thus Far)
Wednesday, February 26, 2014 - 12:59pm | 123Google (NASDAQ: GOOG) is on a bit of an acquisition spree, but it is far from the only company that is buying up startups and stalwarts this year. As most Benzinga readers are aware, Comcast and Time Warner Cable recently announced a massive merger. Actavis and Forest Laboratories announced a...
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Market Wrap For February 24: Markets Showing Strength To Start The Week
Monday, February 24, 2014 - 5:46pm | 3826U.S. stocks rose as investors as the S&P 500 traded at new historical highs and clearing its 2014 losses. Investors shrugged off disappointing earning reports and economic data and chose to focus on several prominent merger and acquisition activities. The S&P 500 hit a new intra-day...
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Market Wrap For February 19: Stocks Close Lower, Nasdaq Ends Winning Streak
Wednesday, February 19, 2014 - 6:01pm | 2948U.S. stocks finished the day near session lows as investors found little reason to be bullish. Housing data came in poor and failed to rally the bulls. Several Fed members raised the idea of a rate hike but “participants agreed that, with the unemployment rate approaching 6.5 percent, it would...
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Market Wrap For February 18: Dow Finishes Lower, Nasdaq Still Hot
Tuesday, February 18, 2014 - 5:47pm | 3229U.S. stocks traded mostly higher today despite a key measure of home builder confidence falling in February. The New York Fed's general business index also showed signs of vulnerability. Despite the weak economic data which is partially due to weather, the Nasdaq index rose for the eight...
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Jos. A. Bank To Purchase Eddie Bauer: The Drama Continues
Friday, February 14, 2014 - 8:53am | 591Jos. A. Bank (NASDAQ: JOSB) announced Friday morning that it will purchase clothing retailer Eddie Bauer for $825 million in a cash and stock deal. Private equity firm Golden Gate Capital, which owns Eddie Bauer, will become a significant Jos. A. Bank shareholder and the acquisition will...