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Strategies & Market Trends : Can you beat 50% per month?

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To: Sojourner Smith who wrote (5974)8/14/2003 4:32:02 PM
From: Smiling Bob  Read Replies (1) of 19256
 
TGT nice drop from anticipated high just over 39
3-6 months should be much lower
Would have to review for shorter term, but no positive surprise from KSS- so nothing to spur higher prices in retailers

Kohl's second-quarter earnings fall
Thursday August 14, 4:07 pm ET

NEW YORK, Aug 14 (Reuters) - Retailer Kohl's Corp. (NYSE:KSS - News) on Thursday reported a drop in quarterly profits, but beat estimates in a period when retailers were hurt by rainy weather and an inventory bulge.
The Menomonee Falls, Wisconsin company posted net income for the second quarter ended on Aug. 2 fell to $112.1 million, or 33 cents per share, from $124.4 million, or 36 cents per share, a year earlier.

Profit beat the average estimate of analysts polled by Reuters Research, a unit of Reuters Plc, who expected second-quarter profit of 32 cents per share. Last week, Kohl's forecast second quarter earnings at the high end of the 30 cents to 32 cents per share range.
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