L Brands
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These stocks are posting the largest moves before the bell.
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It's good to remember that some turnarounds have happy endings. For retailer Gap, the current outcome is a positive one as investors are again falling into the Gap.
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Wall Street analysts got ahead of themselves with upbeat expectations, said AlixPartners' Managing Director Steve Nevill, noting that unemployment remained high, and consumers were still worried about their prospects.
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Initial claims for state unemployment benefits fell 4,000 to a seasonally adjusted 323,000, the lowest level since January 2008, the Labor Department said on Thursday.
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A number of top U.S. retailers reported disappointing April sales as consumers gravitated toward discount chains and bad weather delayed spring shopping in much of the country.
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*Costco, L Brands miss estimates. May 9- Costco Wholesale Corp and Victoria's Secret parent L Brands Inc reported smaller-than-expected sales gains in April, when consumer mood swooned on concerns about the job market recovery.
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WASHINGTON, May 9- The number of Americans filing new claims for jobless aid fell last week to its lowest level in nearly 5-1/ 2 years, signaling labor market resilience in the face of fiscal austerity. The claims data provide another set of confirmation that the labor market is healing, "said Michael Strauss, chief economist at Commonfund in Wilton, Connecticut.
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*Buckle, Zumiez shares rise as sales top views. That was less than the 4.3 percent increase Wall Street expected. Wall Street got ahead of itself with upbeat expectations, said AlixPartners' Managing Director Steve Nevill, noting that unemployment remained high and consumers were still worried about their prospects.
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*TJX: Wells Fargo cuts to market perform from outperform-. *Kohl's Corp: Wells Fargo starts with market perform-. *Ross Stores: Wells Fargo transfers coverage with market perform- theflyonthewall.com* Lululemon, Macy's: Wells Fargo starts with market perform- theflyonthewall.com.
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The filing with U.S. Bankruptcy Court in Delaware will allow the Los Angeles company to exit the auto sector and refocus on energy storage, a far less capital-intensive business.
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The filing with U.S. Bankruptcy Court in Delaware will allow the Los Angeles company to exit the auto sector and refocus on energy storage, a far less capital-intensive business.
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The filing with U.S. Bankruptcy Court in Delaware will allow the Los Angeles company to exit the auto sector and refocus on energy storage, a far less capital-intensive business.
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May 1- U.S. green car startup Coda Holdings Inc filed for Chapter 11 bankruptcy protection on Wednesday after selling just 100 of its all-electric sedans, another example of battery-powered vehicles' failure to break into the mass market.
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L Brands popped on strong same-store sales earlier this month, and the bulls came back to the store on Friday.
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*Retail stocks lead the S&P 500 after April sales outlook. NEW YORK, April 11- U.S. stocks rose for a fourth straight day on Thursday, sending the Dow and the S&P 500 to new closing highs as positive data on the labor market and an encouraging retail outlook eased recent concerns about economic growth.
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Stocks ended higher Thursday lifted by an upbeat jobless claims report, with the Dow and S&P 500 closing at fresh levels, while weakness in large tech companies limited gains on the Nasdaq.
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*Retail stocks lead the S&P 500 after April sales outlook. NEW YORK, April 11- U.S. stocks rose for a fourth straight day on Thursday, sending the Dow and the S&P 500 to new closing highs as positive data on the labor market and an encouraging retail outlook eased recent concerns about economic growth.
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NEW YORK, April 11- U.S. stocks rose for a fourth straight day on Thursday, sending the Dow and the S&P 500 to new all-time highs on positive jobs market data and forecasts for stronger retail sales. But on Thursday the Labor Department said first-time claims for jobless benefits fell far more than expected last week, dropping to the lower end of the range for the year.
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*TJX, Costco miss estimates; Ross Stores, L Brands beat. April 11- Several top U.S. retailers, including Costco Wholesale Corp and T.J. Maxx parent TJX Cos Inc, reported weaker-than-expected March sales as cold weather and lingering concerns about the job market chilled shoppers' enthusiasm.
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Is it a surprise that PC shipments are declining? No, but two things stand out: the magnitude of the decline was steeper than expected, and now the Asians have stopped buying. That's news.
