TradingMarkets’ 11 Stocks You Need To Know About Today
IBM is reducing
its workforce by 10,000 to 13,000. Job cuts will be mostly in Europe. The
company will take a $1.3 to $1.7 billion restructuring charge.
Lazard begins trading today on the NYSE–symbol LAZ.. The company
priced its IPO at $25.
Wal-Mart’s
(
WMT |
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PowerRating) April same store sales rose 1%, meeting forecast,
and also forecast a 2 percent to 4 percent increase in May
same-store sales. Sales at Sam’s Club rose 4.9%.
Merck
(
MRK |
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PowerRating) hosts a 9 AM ET teleconference.
Ann Taylor
(
ANN |
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PowerRating) guided lower
Abercrombie & Fitch’s
(
ANF |
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PowerRating) April sales rose +31%, much more than
expected.
Wet Seal’s
(
WTSLA |
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PowerRating) April sales rose 35.7%, also much more than
expected.
JC Penney’s Â
(
JCP |
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PowerRating) April sales rose +3.6% but warned for Q2
and FY.
Cost Plus
(
CPWM |
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PowerRating) said that Q1 earnings would miss, citing
weaker-than-expected traffic.
Blockbuster
(
BBI |
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PowerRating) posted a quarterly loss.
Starbucks’
(
SBUX |
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PowerRating) same store sales rose +9% in April.