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Best Buy Adds 2% (BBY)
Tuesday, April 26, 2011 - 12:43pm | 72Shares of beaten down Best Buy (NYSE: BBY) have been rising in recent trading sessions. Over the last 5 trading days, BBY shares have gained around 5.37%. On Tuesday, the stock has added another 2% and is trading at $30.79. On any other timeframe, however, BBY's performance has been terrible. The...
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Goldman Sachs Maintains Buy on RadioShack (RSH)
Tuesday, April 26, 2011 - 9:29am | 79Goldman Sachs is out with its report today on RadioShack (NYSE: RSH), maintaining Buy. In a note to clients, Goldman Sachs writes, "We see value, and a 2H11 turn, and maintain our Buy rating. Our 12-month price target remains $18, as the roll-forward of our valuation framework offsets our lower...
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10 Stocks Ready For A Short Squeeze
Monday, April 25, 2011 - 3:41pm | 325Below is a list of small-cap stocks that have been heavily shorted by the street, and should the market continue to rally, these stocks could see their share price launch into the stratosphere (if they haven't begun so already) because of the bears being forced to cover their short positions...
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RadioShack Announces Proposed Private Placements of $300M in Senior Notes
Monday, April 25, 2011 - 12:53pm | 69RadioShack Corp. (NYSE: RSH) announced today that it plans to offer $300 million in aggregate principal amount of Senior Notes due 2019, subject to market and other conditions. The notes will be offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and...
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RadioShack Recoups Earlier Losses; Up 1% (RSH)
Monday, April 25, 2011 - 12:35pm | 96RadioShack (NYSE: RSH) released its Q1 earnings results on Monday prior to the opening bell. The company reported EPS of $0.33, which missed analysts' consensus estimates of $0.35 per share. Revenues were up 2.1% to $1.06 billion, which also missed Street estimates of $1.07 billion. Looking ahead...
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Market Update (RSH, KMB, IGT, ABX)
Monday, April 25, 2011 - 11:18am | 435Shares of RadioShack Corp (NYSE: RSH) fell about 0.4% after the company reported weaker-than-expected Q1 earnings. RSH reported its Q1 earnings at $35.1 million, or $0.33 per share, down from $50.1 million, or $0.39 per share, in the year-earlier period. However, analysts were expecting earnings of...
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Deutsche Bank Has Buy Rating On Best Buy (BBY)
Monday, April 25, 2011 - 9:41am | 223Deutsche Bank has a Buy rating and a $37 price target on shares of Best Buy (NYSE: BBY). In a note to clients, Deutsche Bank writes, "We recently spent time with Mike Vitelli, Best Buy's Co-President of the Americas. Our meetings followed Best Buy's analyst meeting a week earlier. From those two...
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RadioShack Shares Drop In Pre-Market Trading On Downbeat Q1 Earnings
Monday, April 25, 2011 - 8:48am | 107Shares of RadioShack Corp (NYSE: RSH) fell after the company reported weaker-than-expected Q1 earnings. RSH reported its Q1 earnings at $35.1 million, or $0.33 per share, down from $50.1 million, or $0.39 per share, in the year-earlier period. However, analysts were expecting earnings of $0.35 per...
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Earnings Preview For RadioShack Corporation (RSH, GS)
Thursday, April 21, 2011 - 3:51pm | 353RadioShack Corporation (NYSE: RSH) is expected to publish its Q1 results after the markets close on Monday, April 25. Analysts are expecting earnings per share of $0.34. The estimate has been systematically lowered over the previous months, however. Three months ago, analysts were expecting $0.44...
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Goldman Sachs Suggests Selling Puts on RadioShack (RSH)
Wednesday, April 20, 2011 - 9:32am | 135Goldman Sachs is out with a research note this morning, where it suggests that traders sell puts on RadioShack Corporation (NYSE: RSH) ahead of earnings. Goldman Sachs Retail analyst, Matt Fassler, is bullish on RSH shares and sees the potential for consensus EPS estimates to move higher...
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Systemax Resumes Trading (SYX)
Monday, April 18, 2011 - 11:27am | 13Systemax (NYSE: SYX) Resumes Trading
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Systemax Notifies Chief Executive, Technology Products Group, Gilbert Fiorentino of Intent to Terminate Employment
Monday, April 18, 2011 - 11:19am | 96Systemax Inc. (NYSE: SYX) reported that it has notified Gilbert Fiorentino, Chief Executive, Technology Products Group and Director of the Company, that it intends to terminate his employment, pursuant to the terms of his employment contract. Fiorentino has been placed on administrative leave,...
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Systemax Trading Halted, Pending News (SYX)
Monday, April 18, 2011 - 11:09am | 15Systemax (NYSE: SYX) Trading Halted, Pending News
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Goldman Sachs Gives Comments On Best Buy Following Analyst Day
Monday, April 18, 2011 - 8:55am | 216Goldman found Best Buy's (NYSE: BBY) management sober and aware of the firm's challenges, more so than discussion on recent conference calls would suggest. There is likely a place for BBY in the online world; 80% of TVs ordered on bestbuy.com are picked up in-store, and AMZN's TV share is a small...
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Benzinga's Top Downgrades (KFT, INFY, BBY, GPS)
Monday, April 18, 2011 - 8:26am | 140Kraft Foods Inc (NYSE: KFT) was downgraded by Morgan Stanley from "overweight" to "equal weight." KFT's shares closed at $33.36 on Friday. Kraft Foods' trailing-twelve-month ROE is 8.06%. Credit Suisse downgraded Infosys Technologies Limited (NASDAQ: INFY) from “outperform” to “neutral.” INFY's...