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Sears Earnings Beat the Street

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  • Description

    FBN's Nicole Petallides breaks down how Sears Holding Corp. is trading today.

  • Duration 1:16
  • Date

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Transcript

This transcript is automatically generated

Estimates are topping out at you every fifteen minutes time for Nicole penalties the -- yeah.

-- called up again with the -- Again with the Brad you know one traders said it's BS would be the -- trough after Europe closes.

We start to see this reactions and a to get a bounce -- that we all sometimes we react.

From what we've been seeing in Europe but today.

What's consistent down day I was just looking over the last three weeks of trading this being the third week we've had just to update still shows -- the trend didn't dampen continues.

Thank you -- -- market is oversold.

Here's a look at tech heavy NASDAQ the worst of the bunch down about 1% -- you can see that.

And the Dow down about a half a percent some big losers on there will be Caterpillar JPMorgan Boeing.

Let's look -- at -- the -- not a loser -- big winner today.

Coming out doing well with their numbers for their quarterly profits I'm also saying that they're shedding some real estate assets and spinning off a good chunk of Sears Canada.

-- -- -- -- We'll hear up almost four box at the moment for series -- this -- the -- obviously.

There's been struggling for several years but this is great news and just delivering better than expected sales and earnings and spinning off assets and doing it in order to make money.

Nicole thank you very much present them going today it will face co-founder and to.

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