Stock Newsletter on Large Cap Stocks in News (DSW, DG, DE)

Shares of DSW Inc. (NYSE:DSW) are trading higher by 0.42% to $23.88 on higher volume after the company reported a stronger than expected second-quarter earnings.

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Today, the company said its net income soared to $23.45 million, or 52 cents per share, from $7.57 million, or 17 cents per share, in the corresponding quarter of the last year.

Revenue rose to $415.12 million from $369.49 million.

Analysts were expiating the company to report earnings of 47 cents a share on revenue of $415.54 million.

Looking forward, the company reaffirmed its fiscal 2010 earnings guidance in the range of $1.80 to $1.95 per share. Analysts currently expect earnings of $1.94 per share on revenue of $1.75 billion in 2010.

DSW Inc. (DSW) is a branded footwear specialty retailer. As of January 30, 2010, the Company operated 305 shoe stores in 39 states in the United States.

Dollar General Corp. (NYSE:DG) shares fell 1.30% to $27.07 after said Tuesday that its second-quarter earnings jumped 51%, fueled by improved customer traffic and higher average transaction amounts.

The company reported a net profit of $141 million or 41 cents a share, from $93 million, or 29 cents a share, in the year-ago quarter. Revenue increased to $3.2 billion from $2.9 billion in the same quarter last year.

Analysts were expecting the company to report earnings of 38 cents per share on revenue of $3.22 billion.

Looking ahead, the company boosted its 2010 adjusted earnings-per-share forecast to $1.68 to $1.74 per share from $1.62 - $1.69 a share. Analysts currently expect the company to report earnings of $1.72 per share on revenues of $13.09 billion for fiscal 2010.

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Deere & Company (NYSE:DE)   surged 1.81% to $64.14 after announced early Tuesday that it has signed a definitive agreement to sell John Deere Renewables, LLC, its wind energy business, to Exelon Generation Company, LLC, a wholly-owned subsidiary of Exelon Corporation.

Deere said the $900 million sale, including earn-out provisions, will result in an after-tax charge of approximately $25 million in its fourth quarter results. The charge was not reflected in Deere's fourth quarter earnings forecast of approximately $375 million that was announced August 18th.

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