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hhgregg Down Nearly 17% on Disappointing Earnings, Same Store Sales
Thursday, August 4, 2011 - 10:58am | 57hhgregg (NYSE: HGG) is down nearly 17% on the disappointing earnings and same store sales that were reported this morning. The company announced Q1 EPS $(0.02) vs $0.01 Est (may not be comparable); Revenues $431.5M vs $478.72M Est and Q1 Same-Store Sales Fell 13.2%. hhgregg is currently trading at...
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Earnings Scheduled For August 4
Thursday, August 4, 2011 - 2:53am | 495Alpha Natural Resources Inc (NYSE: ANR) is expected to report its Q2 EPS at $1.12 on revenue of $1.47 billion. Kraft Foods Inc (NYSE: KFT) is projected to report its Q2 EPS at $0.58 on revenue of $13.15 billion. CIGNA Corporation (NYSE: CI) is estimated to report its Q2 EPS at $1.29 on revenue of...
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Nexus S Trends Big on Free Deal; Best Buy, Not so Much
Wednesday, August 3, 2011 - 12:59pm | 233The Nexus S has shot to the top of Google's (NASDAQ: GOOG) hot searches list, most likely on the news that the phone is being given away for free at Best Buy (NYSE: BBY). There is a catch, however. You can't simply head to your nearest Best Buy, pick up the phone and go home. To get in on this...
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Conn's and Assurant Solutions Renew Partnership
Wednesday, August 3, 2011 - 6:08am | 92Specialty retailer Conn's, Inc. (NASDAQ: CONN) and Assurant Solutions today announced an extension of their long-term partnership to offer product protection and repair service plans to Conn's customers. The program, which protects customers if their covered products malfunction, is an important...
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Stocks to Watch for Wednesday 8/03/2011: Fresh 52 Week Highs and Lows
Wednesday, August 3, 2011 - 12:05am | 5002Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...
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iPad 2 Launching Within One Day, iPad 3 Soon?
Tuesday, August 2, 2011 - 2:22pm | 171Nearly five months after the launch of the iPad 2, Apple (NASDAQ: AAPL) has finally caught up to demand. The report first came from 9 to 5 Mac. That may not matter though, as rumors continue to abound that the iPad 3 is just around the corner, in the next few months. Apple is now able to receive...
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Best Buy May Have Bottomed
Tuesday, August 2, 2011 - 1:36pm | 125The bottom could be in for Best Buy (NYSE: BBY). This stock has been slammed over the last year, losing more than 24% in an epic bull market. In just the last month, BBY has lost more than 15%. The shares are trading at a very cheap valuation. The stock trades at just 8.69 times trailing earnings,...
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hhgregg Inc: A Hhelluva Deal. Value Price with Growth Performance ($HGG, $BBY, $RSH, $GME)
Tuesday, August 2, 2011 - 5:00am | 1959Back the truck up Mavis. Electronics retailers are cheap. Dirt cheap. Historically cheap. Do my eyes deceive me cheap. Wal-Mart rollback cheap. Groupon cheap (the deals, not the IPO). You get the picture. I've written about how Best Buy (NYSE: BBY) is a shareholder-friendly value stock, and about...
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Stocks to Watch for Tuesday 8/02/2011: Fresh 52-Week Highs and Lows
Tuesday, August 2, 2011 - 3:20am | 3164Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...
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Calls Purchased on hhgregg
Monday, August 1, 2011 - 12:15pm | 107Shares of hhgregg (NYSE: HGG) are lower on the session by 0.49%, currently trading at $12.27. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago the...
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Goldman Sachs Upgrades RadioShack
Monday, August 1, 2011 - 8:07am | 158Goldman Sachs is out with a research report on RadioShack Corp. (NYSE: RSH) and is upgrading shares and putting them on the Conviction Buy List, and it has a $18 price target on shares. In a note to clients, Goldman Sachs writes, "We upgrade RSH to CL-Buy from Neutral. We see an attractive entry...
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UPDATE: Goldman Sachs Upgrades RadioShack to Buy
Monday, August 1, 2011 - 7:28am | 120Goldman Sachs is out with its report today on RadioShack (NYSE: RSH), upgrading RSH from Neutral to Buy. In its report, Goldman Sachs writes, "We upgrade RSH to CL-Buy from Neutral. We see an attractive entry point into shares and expect earnings trends to accelerate off recent trough levels. RSH'...
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News Summary for August 1, 2011
Monday, August 1, 2011 - 6:47am | 559This is your Benzinga news summary and traders' outlook for Monday, August 1, 2011, covering headlines from overnight and Monday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher and the U.S. Dollar lower after Republican and Democratic leaders in...
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Conn's Announces Repayment of Term Loan
Monday, August 1, 2011 - 6:12am | 114Conn's, Inc. (NASDAQ: CONN) today announced that it repaid the entire balance of its $100 million second lien term loan on July 28, 2011. The Company successfully completed the repayment of the term loan with proceeds from a new real estate loan and borrowings under its expanded revolving credit...
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Conn's Announces Completion of Real Estate Financing
Monday, August 1, 2011 - 6:11am | 108Conn's, Inc. (NASDAQ: CONN) today announced that on July 28, 2011, it completed an $8 million real estate loan to finance three owned store locations. The proceeds from the loan, which is provided by CommunityBank of Texas, N.A., were used to repay a portion of the Company's term loan. The real...