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Deutsche Bank Predicts BBY 4Q11 Results
Monday, March 21, 2011 - 7:28am | 91Deutsche Bank has issued a report on their predictions for Best Buy's (NYSE: BBY) fourth quarter results. According to the report, "Best Buy reports 4Q11 earnings on Thursday, March 24rth. We're forecasting EPS of $1.83 vs implied guidance of $1.75 - $1.95 and consensus of $1.85… Low expectations...
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What's The Market Saying About Best Buy? (BBY, VNO)
Friday, March 18, 2011 - 10:00am | 317Shares of Best Buy (NYSE: BBY) are slightly up today, gaining around 0.6%, but this is not indicative of the company's future. Pali research analyst Stacy Widlitz is on CNBC talking about how Best Buy had a slam dunk opportunity to grab market share, and missed it. When Circuit City filed for...
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Upcoming Earnings: Deutsche Bank Comments On Dollar General, Best Buy (DG, BBY)
Friday, March 18, 2011 - 9:14am | 132Ahead of upcoming earnings, Deutsche Bank provided color on Dollar General (NYSE: DG) and Best Buy (NYSE: BBY). In the report, Deutsche Bank states, "Both DG and BBY report 4Q10 earnings next week, with DG reporting on Tuesday, March 22nd and BBY reporting on Thursday, March 24th. We are...
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GameStop Gears Up For First Ever Investor Day On April 1st, Sterne Agee Maintains Buy Rating
Wednesday, March 16, 2011 - 9:05am | 168Sterne Agee has published a research report on GameStop Corporation (NYSE: GME) in anticipation of the company's 4Q earnings call scheduled for March 24. In the report, Sterne Agee writes "On January 6, 2011, GME announced in-line holiday (Nov-Dec) results of $3.02B in revenue and +3.4% comps....
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GameStop Rises 1% (GME)
Tuesday, March 15, 2011 - 10:58am | 102If you are looking for a place to hide out in this market, GameStop (NYSE: GME) is one stock that might offer some upside. The shares have risen 1% to $20.00 on Tuesday in a very weak broad market tape. GME is very cheap using traditional valuation metrics, and some value investors might find the...
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iPad 2 Launch Angers Customers, Reveals Holes In Apple Customer Service?
Monday, March 14, 2011 - 2:07pm | 939For a company that prides itself on providing great customer service, Apple (NASDAQ: AAPL) has left a few customers angry over the way it handled the launch of the iPad 2. Long lines were expected for what was being hailed as the most anticipated tablet of the year. While some iPad 2 seekers feared...
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4 Stocks With High Short Interest (RBCN, BPI, CONN, PWER)
Monday, March 14, 2011 - 11:45am | 319Stocks with high short interests tend to have explosive moves on news-based situations, such as earnings, guidance or a product release that Wall Street wasn't expecting. Here are a few stocks with high short interests. Rubicon Technology, Inc. (NASDAQ: RBCN) has a short interest of almost 60%,...
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Best Buy Faces a Bleak Future
Monday, March 14, 2011 - 10:49am | 105Best Buy (NYSE: BBY) captures one third of U.S. consumer electronics sales, according to the Wall Street Journal (subscription required). That's the good news. But now Best Buy is losing market share. You are probably wondering why this has happened. After all since Circuit City evaporated into...
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Goldman Sachs Reiterates Neutral Rating On GME
Monday, March 14, 2011 - 8:09am | 84Goldman Sachs is reiterating its Neutral rating on GameStop Corp. (NYSE: GME) shares despite modest valuation, as structural industry declines “drive our EPS forecasts 3%-5% below the Street for 2011-2012.” “Increased digital penetration and the lack of a new product cycle outweigh our expectation...
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Where Will You Buy Your iPad 2 At 5PM Today? (AAPL)
Friday, March 11, 2011 - 12:16pm | 344Apple (NASDAQ: AAPL) today announced that iPad 2, the next generation of its magical device for browsing the web, reading and sending email, enjoying photos, watching videos, listening to music, playing games, reading ebooks and much more, will be available tomorrow at 5 p.m. local time at all 236...
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Will Lawsuits Hurt GameStop's Share Price? (GME)
Tuesday, March 8, 2011 - 5:09pm | 588Used game complaints and personal info recording have cast a dark shadow on the world's largest retailer of video games. But are they enough to hurt the company's share price? GameStop Corp. (NYSE: GME) is no stranger to lawsuits. In 2006, a handful of store managers sued the company, claiming that...
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Market Stays Choppy 03-08-2011
Tuesday, March 8, 2011 - 4:57pm | 930Cusick's Corner The market continues to stay in this choppy range, so what's a potential strategy? Volatility is below 20, relatively low, and market sentiment, based on the AAII, is Neutral. A strategist who has cash and is looking to participate could review buying straddles/strangles or...
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Radio Shack LBO Rumors Again (RSH)
Tuesday, March 8, 2011 - 4:46pm | 110Unconfirmed sources have said that RadioShack (NYSE: RSH) is a candidate to go private, perhaps in a leverage-buyout by a private equity firm. RadioShack has been the subject of going private rumors so many times before I've lost count, but it looks as if this time there may be some credence to...
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Best Buy To Give iPads To Employees? (BBY, AAPL)
Monday, March 7, 2011 - 4:47pm | 166Forbes is reporting that Best Buy (NYSE: BBY) may be giving its store employees iPads in an effort for the employees to get a better handling on the product as they sell them to customers. The company is an original Apple (NASDAQ: AAPL) partner, having sold the first iPad in its stores, and will...
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Anthony Scaramucci Moves Markets! (RSH)
Friday, March 4, 2011 - 1:32pm | 157Last night on CNBC's Fast Money post market show, Anthony Scaramucci, founder of Skybridge Capital, detailed RadioShack (NYSE: RSH) as the "hedge fund trade of the week." This is a popular segment on the show and definitely has the power to move the market, as we are seeing on Friday. Scaramucci...