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Market Review January 7, 2010     
 
Macy\'s raised its fourth-quarter forecast after good December sales, sales at stores open at least one year rose 1% last month, better than analysts\' expectations for a 0.8% gain. The company expects profit to be between $1.14 and $1.18 a share in the fourth quarter, up from its previous gain of $1 to $1.05 per share. Labor Department reported that jobless claims rose 1K to 434K in week ending January 2; analysts predicted an increase by 8K. Stocks were mixed, the Dow Jones Industrial average rose 31 points, the Nasdaq Composite Index fell 2 points and the Standard & Poor’s 500 Index rose 4 points. Bond prices fell, the yield on the benchmark 10-year note rose to 3.82 from 3.75 Tuesday.

Free Daily Stock Picks activity and results for January 7, 2010:

INSP - position entry at 11.32, 3rd Target Level hit for a gain of 0.57 points
RUE - position entry at 30.33, 2nd Target Level hit for a gain of 0.91 points
BBBY - position entry at 42.59, EOD price hit for a loss of 0.60 points
ZUMZ - position entry at 15.07, 2nd Target Level hit for a gain of 0.60 points
TSRA - position entry at 20.79PM, 3rd Target Level hit for a gain of 0.83 points
ID - position entry at 7.12PM, EOD price hit for a loss of 0.16 points
CBK - position entry at 7.15, 3rd Target Level hit for a gain of 0.43 points
HOTT - position entry at 5.46PM, EOD price hit for a loss of 0.01 point

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