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Piper Jaffray Reports On Gaming Industry In Light Of NPD
Friday, April 8, 2011 - 8:02am | 154Piper Jaffray has released a report focusing on the state of the video game industry and NPD video game software data to be released next Thurday, April 14th. The firm remains Neutral on the sector overall for game publishers and retailers and highlight five stocks in the report. Piper Jaffray...
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Top Narrow Based Indexes For April 7 (REE, ZAGG, HGG)
Thursday, April 7, 2011 - 10:28am | 203By 10:25 am, the Dow Jones Industrial Average was up 1.21 points, or 0.01%, to 12,427.96, while the broader Standard & Poor's 500 index had gained 1.94 points, or 0.15%. The NASDAQ composite index rose 6.69 points, or 0.24%. Some of the narrow based indexes that are supporting the markets are...
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PREVIEW: Initial And Continuing Claims Due 8:30am (URBN, ANF, BBY)
Thursday, April 7, 2011 - 8:20am | 198Initial claims fell from 394,000 to 388,000 in last Thursday's report for the week ending March 26th. The consensus today is anticipating another slight decline to 385,000. Continuing claims also showed a decline in last Thursday's report, falling from 3.675 million to 3.714 million for the week...
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Best Buy Rises 4% (BBY)
Wednesday, April 6, 2011 - 3:06pm | 112Shares of battered Best Buy (NYSE: BBY) have been rising the last couple of trading sessions, and the stock has surged around 4% on Wednesday. More than 7 million BBY shares have traded hands compared to a 3-month daily average of 7.8 million. The stock has been absolutely hammered over the last...
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GameStop And RadioShack Rise Amid Potential Buyout Rumors (GME, RSH, BBY)
Tuesday, April 5, 2011 - 3:38pm | 264The Wall Street Journal noted some unusual activity in the shares of GameStop (NYSE: GME) and RadioShack (NYSE: RSH) on Tuesday. Both stocks are up around 5% on the session in a flat market. It is possible that an an interview with GameStop president Tony Bartel posted this morning is having some...
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GameStop Rising In Early Trade (GME)
Tuesday, April 5, 2011 - 10:41am | 68Shares of GameStop (NYSE: GME) are off to a strong start during Tuesday's trading session, rising around 4% to $23.50, after opening flat. This name has been in an uptrend over the last month, gaining a very impressive 17.4%. Much of the activity in the stock is likely related to short covering,...
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hhgregg Announces 200 Job Openings in Pittsburgh
Tuesday, April 5, 2011 - 8:31am | 32hhgregg (NYSE: HGG) announced it is seeking to fill approximately 200 positions for four new stores scheduled to open in the Pittsburgh area this Spring.
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Jefferies Raises PT on Conn's to $4.95 (CONN)
Tuesday, April 5, 2011 - 7:43am | 111Jefferies is out with its report on Conn's (NASDAQ: CONN) raising its PT from $4.53 to $4.95. In a note to clients, Jefferies writes, "Our $4.70-$5.20 Price target range is based on the stock selling at about 11-12x our $0.43 FY12 EPS estimate. We think this multiple target is more than fair when...
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Some Best Buy Customer Emails Compromised (BBY)
Monday, April 4, 2011 - 2:09pm | 111Best Buy (NYSE: BBY) sent out an email to Reward Zone customers today revealing that they had been informed by Epsilon, a company that Best Buy uses to send emails to its customers, that files containing the email addresses of some Best Buy customers were accessed without authorization. Essentially...
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Gamestop Still Sees Total Revenue By 2014 About $12 Billion (GME)
Monday, April 4, 2011 - 11:42am | 18Gamestop still sees total revenue by 2014 about $12 billion (NYSE: GME)
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Best Buy (BBY) Continues to Sink Lower
Monday, April 4, 2011 - 10:55am | 116Best Buy (BBY) shareholders have to be losing their patience with the stock as it continues to sink lower and lower as the overall market continues to trek higher. The stock is now down 17% year to date, and it has hit another 52-week low to... Go to http://SwingTradingDaily.com for full article...
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Goldman Sachs On GME Investor Day
Monday, April 4, 2011 - 9:04am | 77Goldman Sachs has issued a report on GameStop Corp.'s (NYSE: GME) Investor Day. According to the report, “Though the Investor Day provided more visibility into incremental digital opportunities, and clarity on tools to drive market share such as PowerUp rewards, the company pointed to no new...
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Sterne Agee Comments On GameStop Investor Day
Monday, April 4, 2011 - 8:56am | 230According to Sterne Agee, GameStop (NYSE: GME) investor day provides roadmap for transformation. Sterne Agee reported that it thinks at the company's first-ever investor day last Friday, management made its strongest case yet for the future relevancy of its business. “The just announced digital...
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Preview: Friday Morning's Economic Data (XRT, BBY, DIA, IYJ, VAW)
Friday, April 1, 2011 - 8:16am | 458Investors will have a slew of economic data to mull over this morning. The jobs report, which will be released at 8:30 a.m., will be at the forefront of the action. The data is sure to move the market which has been indecisive in this week's trade. Included in the jobs report will be Nonfarm...
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GameStop Announces Acquisition of Spawn Labs and Agreement to Acquire Impulse
Thursday, March 31, 2011 - 4:42pm | 100GameStop Corp. (NYSE: GME) today announced the acquisition of Spawn Labs, a streaming technology company. In addition, GameStop announced it has entered into an agreement to purchase Impulse, Inc.. The Impulse acquisition is subject to customary closing conditions and is expected to close in May...