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UPDATE: Jefferies Raising Price Target On Conn's
Wednesday, August 31, 2011 - 6:53am | 116Jefferies & Co. is out with a research report on Conn's Inc. (NASDAQ: CONN) and is raising its price target to $6 from $5.50, and it has a Hold rating on shares. In a note to clients, Jefferies & Co. writes, "We like how Conn's is managing the balance sheet, but think that investors will...
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Why GameStop Was (Almost) in the Toilet
Tuesday, August 30, 2011 - 8:22am | 967It has nothing to do with the iPhone, Android, or Zynga. For the past several years, GameStop (NYSE: GME) has been a star. With rising sales and revenue (even in the face of a withering economy), the company seemed to be impervious. It was, in many ways, the do-no-wrong retailer. Times have...
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GameStop Opens New Games, Steals Coupon, Then Pulls Game from Shelves
Thursday, August 25, 2011 - 10:40am | 394All with the support of Final Fantasy publisher Square Enix. Yesterday afternoon, GameStop (NYSE: GME) got into a bit of trouble when it was caught opening new copies of Deus Ex: Human Revolution for the PC. According to Ars Technica, GameStop employees were performing this unusual task with a...
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Hewlett Packard: A Deep Value Silicon Valley Icon
Wednesday, August 24, 2011 - 2:49am | 517By now, HP's downfall has been well documented after it announced that it was going to get out of the PC business and seek to acquire Autonomy Corporation plc, the UK-based business intelligence software company, for ~$10 billion. The shuttering of the phone and tablet division it acquired from...
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Social Media is a Party! But What Happens on Facebook Does Not Stay on Facebook
Friday, August 19, 2011 - 11:24am | 1432Partying, life lessons, and more from one of Metro Detroit's premiere social media events. Last night, SocialMediaisaParty.com held an event in Metro Detroit (at Rosie O'Grady's in Ferndale, to be exact) in celebration of all things social media. The event, which included a panel on “The Future of...
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Notable Call Options Activity in GameStop
Friday, August 19, 2011 - 10:11am | 109Shares of GameStop (NYSE: GME) are higher on the session by 3.36%, currently trading at $22.15. The stock has been moving largely lower over the past three months, but it is currently consolidating at the 50-day average. Options traders are focusing on calls today. A short while ago the August...
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Notable Put Options Activity in Best Buy
Friday, August 19, 2011 - 9:20am | 85Shares of Best Buy (NYSE: BBY) are higher on the session by 2.75%, currently trading at $24.68. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the September...
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hhgregg To Open 14 Chicagoland Stores on September 15th
Friday, August 19, 2011 - 8:02am | 56Indianapolis-based appliance and electronics leader hhgregg (NYSE: HGG) today announced that it will officially Grand Open fourteen new stores in the Chicago area on Thursday, September 15th. Chicago is a new market for hhgregg, and with the opening of 14 new stores, it will become the company's...
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Piper Jaffray Comments on GameStop
Thursday, August 18, 2011 - 3:09pm | 103Piper Jaffray provided color on GameStop (NYSE: GME) in a research report published today. Piper Jaffray has previously given GameStop a Neutral rating and $22 price target. In the report, Piper Jaffray states, "While management focus is on digital growth, we note that digital revenue represents...
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If You Can't Beat 'Em, You Can't Eat 'Em
Thursday, August 18, 2011 - 2:01pm | 161Tech Crunch has a report out that Samsung has decided since it can not beat Apple (NASDAQ: AAPL) at the tablet game, it might as well give them away for free. The South Korean electronics manufacturer is teaming up with Best Buy (NYSE: BBY) to give away Samsung Galaxy Tab 10.1 tablets if you buy a...
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Earnings Roundup
Thursday, August 18, 2011 - 8:07am | 1563Tech Data Corp (NASDAQ: TECD) reported a 23% rise in its fiscal second-quarter earnings. Tech Data reported its quarterly profit at $50.1 million, or $1.10 per share, up from $40.9 million, or $0.82 per share, in the year-ago period. Its net sales surged 18% to $6.45 billion. However, analysts were...
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UPDATE: GameStop Reports Decline In Q2 Profit; Shares Down In Pre-Market
Thursday, August 18, 2011 - 8:03am | 75GameStop Corp (NYSE: GME) reported a decline in its quarterly profit. GameStop reported its second-quarter net income at $30.6 million, or $0.22 per share, down from $39.8 million, or $0.26 per share, in the year-ago period. The company's sales came in at $1.7 billion. However, analysts were...
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US Stock Futures Down Ahead Of Economic Data
Thursday, August 18, 2011 - 5:18am | 435US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dipped 177 points to 11,204.00 and S&P 500 index futures fell 21.90 points to 1,168.00. Nasdaq 100 futures dropped 44.00 points to 2,131.25. US stocks closed mixed on...
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Earnings Scheduled For August 18
Thursday, August 18, 2011 - 3:17am | 594Dollar Tree Inc (NASDAQ: DLTR) is projected to report its Q2 EPS at $0.75 on revenue of $1.55 billion. Sears Holdings Corporation (NASDAQ: SHLD) is estimated to post a Q2 loss at $0.46 per share on revenue of $10.13 billion. Gap Inc (The) (NYSE: GPS) is projected to report its Q2 EPS at $0.33 on...
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This Week in Tech Stupidity: Nintendo Drops Backwards Compatibility in Wii after PSP Drops Wi-Fi
Wednesday, August 17, 2011 - 7:28am | 404Has every publisher in the game industry lost their minds? Yesterday Benzinga learned that Sony (NYSE: SNE) will release a new version of the old PSP in Europe for 99 euro. It has since come to our attention that the device may lack Wi-Fi support, which is about the dumbest move Sony could have...