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Pre-Market Outlook: European Equities Gain, U.S. Futures Flat
Thursday, March 24, 2011 - 6:10am | 186European equity markets are shrugging off Spanish bank ratings downgrades and the resignation of Portugal's prime minister Thursday, as stocks are up broadly. Futures ares indicating a flat open for U.S. markets, with the S&P 500, Nasdaq, and Dow indicies all trading even to 0.1% higher. Best...
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Earnings Scheduled For March 24 (ACN, BBY, ORCL, CAG, RIMM, UTIW, FRED, CHRS, FINL, SCHL, GME, TLB, SABA)
Thursday, March 24, 2011 - 1:21am | 347Accenture plc (NYSE: ACN) is projected to report its FQ2 EPS at $0.71 on revenue of $5.72 billion. Best Buy Co Inc (NYSE: BBY) is estimated to post its Q4 earnings at $1.85 per share on revenue of $16.29 billion. Oracle Corporation (NASDAQ: ORCL) is projected to report its FQ3 EPS at $0.49 on...
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Citi Remains Cautious On Best Buy Co.'s Earnings Announcement
Thursday, March 24, 2011 - 12:20am | 220In a report published earlier today, Citi discusses its thoughts regarding Best Buy Co.'s (NYSE: BBY) 4Q earnings, which BBY will report tomorrow before the market opens. According to the report, Citi remains cautious regarding BBY's outlook due to risks to gross margins, lack of positive...
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1 In 10 Buying Best Buy "Buy Back" Program (BBY)
Wednesday, March 23, 2011 - 3:23pm | 63A tweet from Blueshift Ideas, which is a institutional research company used by institutional investors and hedge funds shows that 1 in 10 people are buying Best Buy's (NYSE: BBY) Buy Back program. Best Buy launched the program to help ease consumers fears at the rapid change in technologies.
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Inta-Day Highs In Best Buy (BBY)
Wednesday, March 23, 2011 - 11:39am | 72Shares of Best Buy (NYSE: BBY), who is set to report earnings tomorrow morning, have risen well off their lows for the session and are currently making new intra-day highs, up 0.35% to $31.53. This name has been hit hard in recent months and has had a couple of bad quarterly misses over the last...
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Intra-Day Move In GameStop (GME)
Wednesday, March 23, 2011 - 11:24am | 112Shares of GameStop (NYSE: GME), which reports earnings tomorrow morning, were looking quite weak in early trade, but they have bounced back in a very short period of time. The stock had hit an intra-day low of around $20.70, and from that level they bounced almost all the way back to positive...
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Goldman Sachs Suggests Overwriting Shares of Best Buy (BBY)
Wednesday, March 23, 2011 - 9:12am | 120Goldman Sachs is out with a research note this morning, where it suggests that traders sell calls against their stock position in Best Buy (NYSE: BBY) ahead of earnings. While GS Hardlines Retail analyst, Matthew Fassler, acknowledges that BBY's story is setting up better than it has in a long...
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10 Stocks Ready For A Short Squeeze
Tuesday, March 22, 2011 - 5:24pm | 290Below is a list of small-cap stocks that have been heavily shorted by the street, and should the market continue the rally from the past few days, 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...
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10 Stocks Ready For A Short Squeeze
Tuesday, March 22, 2011 - 5:24pm | 291Below is a list of small-cap stocks that have been heavily shorted by the street, and should the market continue the rally from the past few days, 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...
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Blackberry Tablet Coming April 19 (RIMM, AAPL, SPLS, BBY, ODP, RSH, T, S, VZ)
Tuesday, March 22, 2011 - 11:29am | 260The Blackberry PlayBook tablet from Research In Motion Ltd. (NASDAQ: RIMM) will be in stores April 19. RIM is releasing the PlayBook in an attempt to close the gap that Apple (NASDAQ: AAPL) has created with the iPad. Apple has sold over 15 million iPads in the past year. Demand for the PlayBook...
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Piper Jaffray Reiterates Underweight on GameStop (GME)
Tuesday, March 22, 2011 - 8:29am | 135Piper Jaffray is out with its report today on GameStop (NYSE: GME), reiterating Underweight. In a note to clients, Piper Jaffray writes, "GameStop will report January quarter financial results on Thursday morning 3/24/11. We expect GameStop will report sales and EPS in-line with its January...
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Get Your Playbook Here! (RIMM)
Tuesday, March 22, 2011 - 8:15am | 108According to the Wall Street Journal, Research In Motion Ltd. (NASDAQ: RIMM) will start selling the BlackBerry PlayBook tablet in Canada and the U.S. on April 19. The tablet will have three models, and will range in price from $499 to $699. Best Buy Co. (NYSE: BBY) has said that it will accept...
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Jefferies Lowers BBY PT to $35
Tuesday, March 22, 2011 - 7:47am | 107Jefferies Lowers BBY PT to $35 Jefferies has lowered the Price Target of Best Buy (NYSE: BBY) from $38 to $35. Jefferies writes, "All indications point to a soft quarter for sales, as consumers reallocated discretionary dollars to other categories. Tablet and mobile phones likely showed strength...
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Goldman Sachs Neutral On GameStop Corp
Tuesday, March 22, 2011 - 7:35am | 99Goldman Sachs Neutral On GameStop Corp. (GME) Goldman Sachs has a Neutral rating and a $22 price target on shares of GameStop Corp. (NYSE: GME). In a note to investors, Goldman writes, "BBY appears to be emerging as an incrementally better competitor, though we believe the near-term impact on GME...
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Jefferies Lowers PT On Best Buy (NYSE: BBY) From $38 to $35 And Maintains Hold Rating
Tuesday, March 22, 2011 - 7:27am | 22Jefferies Lowers PT On Best Buy (NYSE: BBY) From $38 to $35 And Maintains Hold Rating