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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?


To: Smiling Bob who wrote (6687)12/1/2003 12:25:28 PM
From: Smiling Bob  Respond to of 19256
 
DOW 9889 now- near enough to unbreakable 9900
Short for day and more if u care
Post Black Friday numbers will snap mkts back to reality
Message 19476799



To: Smiling Bob who wrote (6687)12/3/2003 11:17:33 AM
From: Smiling Bob  Read Replies (1) | Respond to of 19256
 
KSS -hit 44.50 today - another late downgrade by another well-regarded analyst at another well-regarded Wall Street firm
This was a follow up to their contrary call near the top
They can at least take credit for showing clients there is more than one way for them to lose money.

Kohl's Earnings Seen Under Pressure
Forbes Staff , 12.03.03, 9:20 AM ET

NEW YORK -

Kohl's (nyse: KSS - news - people ) was lower after Banc of America downgraded the retailer to a "neutral" from a "buy" rating. The securities firm said it had upgraded the stock to "buy" in July on expectations of improved conditions in the second half. Banc of America said that some of the anticipated improvements had taken place, but "...there are a few things that appear to be weighing more heavily on results than we had anticipated." The research firm cited such issues "as heightened competitive pressures, a lack of newness and pressure on comparative stores sales results from square-footage growth." These issues indicate the likelihood of continued risk to earnings, the firm said. The stock, which closed Monday at $46.67, was down 30 cents at $46.37.
forbes.com