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Trading at Noon: Skeptics sidelined as Sears soars

Thursday, May 17, 2012 - 03:00

May 17 - Shares at Eddie Lampert's Sears Holdings are soaring after the retail chain shaved off some of its stake in Sears Canada

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Need. -- shareholders have been burned in the past but today. It's isn't concerned Sears Holdings -- -- an upgrade now they're just about seven point 3% if not more than 10% actually. You know what -- reminds -- not so pretty if that actually traded above eighty bucks even witnessed rallied today is that about 54 bucks. Go to that -- here it's even uglier if you're looking at nearly 70%. Drop. The retail chain what's different today and -- day here's Canada after years fighting to gain control at this stage drinking from 9551%. The retailer also hosting -- first quarter adjusted operating loss that was much better than expected. Sears Holdings cheese and hedge -- big shot Eddie Lambert now wants to focus on stories within the US. Sales at Sears Holdings have been hammered every year since Lambert and -- Sears and Kmart and into the house and and I. Well it's also been a good day for fellow retailer Wal-Mart let's get the lowdown from various markets correspondent Angelina. Shares of Wal-Mart jumped 5% this morning after the world's largest retailer posted a 10% increase in its quarterly earnings. Thanks to a pickup in sales in the US operations. The company also commenting on the corruption allegations in Mexico. I think that it is working aggressively to find out what has happened but still does not think investors tomorrow have a material impact on its business. And -- -- -- our media radar if Media General shares are going through the -- right now they are up. More than 35%. Warren Buffett Imus and a -- TV broadcasters need papers for a 140 million in cash. That went past he's warn people about the perils of investing in newspapers. He -- on the -- is the Omaha world herald was a longtime director -- the Washington Post war. I don't hate to use other history heritage I knew that this is what's happening on Wall Street right now yes red arrows across the board Wall Street. In a Europe state of mind that all three major indices falling -- investors take stock. Of Spain's ailing economy weighing on the S&P 500 right now. Check out consumer discretionary right now -- off nearly 2% industrials lost this picking up speed as well closing in on one and a half percent. Gold -- of -- right -- here finally shining through shaken up that sport half month -- it. Social media stocks are CNN bit of a sell off today how to ace the pricing its IPO check this out Utley and Groupon pandora. On that pretty big master account welcome -- that is for -- Eva we'll find out tomorrow. The F word of course has been floating around for months now and -- will be far from over Wednesday's actually begins trading. On the NASDAQ the -- Brady act in Menlo Park on begin too much sleep the night before their big day. They're holding an on night Hackett on. Headquarters. Of -- retreating again and Rogers is right here with.

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Trading at Noon: Skeptics sidelined as Sears soars

Thursday, May 17, 2012 - 03:00