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Resistance is Former Support Level 05-24-2011
Tuesday, May 24, 2011 - 2:51pm | 931Cusick's Corner Some readers have asked me what sparked my skepticism last week. Answer: Europe -- specifically the PIIGS. While Greece is that ugly sore that just won't go away, the revelations that Italy may be in trouble has rocked the market since Italy has had the best performing market in...
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Options Brief: GameStop Corp.
Tuesday, May 24, 2011 - 10:22am | 91Shares of GameStop Corp. (NYSE: GME) are higher on the session by 2.61%, trading at $28.38. Overall call volume is now running at 2.22x the daily average, with 55% of all calls traded being purchases on the offer. 9,647 contracts have traded on the session so far. GameStop Corp. is a retailer of...
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UPDATE: Jefferies Raises PT on Conn's to $5
Monday, May 23, 2011 - 8:19am | 121Jefferies is out with its report today on Conn's (NASDAQ: CONN), raising its PT from $4.95 to $5. In a note to clients, Jefferies writes, "Our $5 Price target is based on the stock selling at about 12x our $0.41 FY12 EPS, in line with our peer PT multiples. We think this multiple target is more...
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Options Brief: GameStop Corp.
Friday, May 20, 2011 - 10:40am | 91Shares of GameStop Corp. (NYSE: GME) are higher on the session by 1.02%, trading at $27.60. Overall call volume is now running at 2.67x the daily average, with 34% of all calls traded being purchases on the offer. 8,904 contracts have traded on the session so far. GameStop Corp. is a retailer of...
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UPDATE: Goldman Sachs Raises PT on GameStop to $26
Friday, May 20, 2011 - 8:51am | 108Goldman Sachs is out with its report today on GameStop (NYSE: GME), raising its PT from $23 to $26. In a note to clients, Goldman Sachs writes, "We raise our 12-month price target to $26 from $23, to reflect our higher forecast, and a higher relative P/E (65% from 55% previously) in our multiple...
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Goldman Sachs Raises PT On GameStop To $26
Friday, May 20, 2011 - 8:27am | 27Goldman Sachs has raised the price target on GameStop Corporation (NYSE: GME) from $23 to $26 and maintains its Neutral rating.
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Microsoft Using Free Xbox to Spur PC Sales, But Will it Work?
Thursday, May 19, 2011 - 2:28pm | 249Starting May 22, Microsoft (NASDAQ: MSFT) will begin giving away free Xbox 360 consoles (the $200 four-gig version) to students who spend $699 or more on a new Windows PC. According to Mashable, this deal – which will be available at Best Buy (NYSE: BBY), the Microsoft Store, Dell.com (NASDAQ: DELL...
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GameStop Recoups Earlier Losses
Thursday, May 19, 2011 - 12:43pm | 104GameStop (NYSE: GME) released its quarterly earnings prior to the opening bell on Thursday. The company reported net income of $80.4 million or $0.56 per share, compared to $75.2 million or $0.48 per share in the year ago period. This compared to Wall Street consensus EPS estimates of $0.54....
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Earnings Roundup For May 19
Thursday, May 19, 2011 - 9:28am | 1013Williams-Sonoma Inc (NYSE: WSM) reported a 62% rise in its fiscal first-quarter net income. Williams-Sonoma reported a quarterly profit at $31.6 million, or $0.29 per share, versus $19.5 million, or $0.18 per share, in the year-ago period. Its adjusted earnings came in at $0.30 per share. The...
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UPDATE: GameStop Reports Q1 Profit of $80.4 million
Thursday, May 19, 2011 - 9:18am | 124GameStop Corp (NYSE: GME) released its results for the first-quarter on Thursday. GameStop reported its Q1 profit at $80.4 million, or $0.56 per share, versus $75.2 million, or $0.48 per share, in the year-earlier period. Its revenue surged to $2.28 billion, from $2.1 billion. However, analysts...
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US Stock Futures Slightly Up As Investors Await Economic Data
Thursday, May 19, 2011 - 6:24am | 596US stock futures are slightly higher this morning, as investors are awaiting data on weekly jobless numbers, existing home sales and leading indicators. Futures on the Dow Jones Industrial Average surged 14 points to 12,546.00 and futures on the S&P 500 stock index rose 1.40 points to 1,340.00...
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Key Takeaways From Dell, HP Recent Earnings Reports
Wednesday, May 18, 2011 - 12:12pm | 632By Michael Comeau Dell (DELL) dropped its first-quarter earnings report after the close yesterday, so let's jump right in and take a look at the headline numbers: 1. Revenue came in at $15.02 billion, slightly below analysts' expectations of $15.4 billion. Dell's top line was hit by the same...
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Sterne Agee Reiterates Buy on GameStop (GME)
Tuesday, May 17, 2011 - 7:46am | 113Sterne Agee is out with its report today on GameStop (NYSE: GME), reiterating Buy. In a note to clients, Sterne Agee writes, "We think management has recently made its strongest case yet for the company's future relevance. GME's strength in retail combined with the inroads it's making in digital...
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What's Hot On TheStreet?
Monday, May 16, 2011 - 2:15pm | 269Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Alternative Funds Enter the Mainstream Alternative funds once represented a small niche in the mutual fund universe, but that is changing. Alternative funds once represented a small niche in the mutual fund...
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Keep On Dancing Till The World Ends?
Sunday, May 15, 2011 - 4:47pm | 2182It was a rainy and cold weekend in Montreal so I spent most of it doing the one thing I hate the most, shopping. I bought a new mattress, a new television, some clothes and re-tailored my suits, jackets and pants because the first tailor did a terrible job (losing weight is healthy but expensive)....