-
Bearish MACD for HGG - Tale of the Tape
Friday, December 17, 2010 - 11:24am | 114hhgregg, Inc.'s (HGG) MACD indicator has moved into bearish territory with a reading of -0.3233. The Zacks #4 Rank (“Sell”) stock decreased slightly to $22.02 in morning trade. The Zacks Consensus Estimate on the company's earnings for the year ending March 2011 has decreased by 11 cents over the...
-
J.P. Morgan Reiterates Bullish Stance On Veeco
Friday, December 17, 2010 - 10:57am | 104Following a round of checks across the LED supply chain, J.P. Morgan has reiterated its bullish stance on Veeco (NASDAQ: VECO) shares which are down roughly 20% on the week following poor TV sales data from Best Buy (NYSE: BBY) and a competitor downgrade in recent days. “We believe both of these...
-
Regency Acquires Shopping Center - Analyst Blog
Thursday, December 16, 2010 - 5:33pm | 524Regency Centers Corp. (REG), a leading operator and developer of grocery-anchored and community shopping centers across the U.S., has recently acquired Willow Festival, a 405,227 square foot neighborhood shopping center in the Chicago metro area. The company purchased the property for $64 million...
-
Regency Acquires Shopping Center - Analyst Blog
Thursday, December 16, 2010 - 4:48pm | 524Regency Centers Corp. (REG), a leading operator and developer of grocery-anchored and community shopping centers across the U.S., has recently acquired Willow Festival, a 405,227 square foot neighborhood shopping center in the Chicago metro area. The company purchased the property for $64 million...
-
When The Average Joe Beats The Street - Matt Schifrin - Zing Talk Part 2
Thursday, December 16, 2010 - 2:05pm | 2115This is Part 2, to see Part 1, go here. Direct Download Subscribe in iTunes Can you share some of your favorite stories from the book? Matthew Schifrin: Sure. There's a guy in my book, it's Chapter I believe. I call him Lady's Man. His name Mike Koza. He's a guy in Sacramento. He's a civil...
-
Mad Money Lightning Round: Cramer Advises Investors To Buy Alcoa (TTWO, BBY, MOTR, AA, NG, FGP, NRGY)
Thursday, December 16, 2010 - 5:05am | 235On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Take-Two Interactive (NASDAQ: TTWO) is a “bad stock and I'm a seller. Best Buy (NYSE: BBY) said that video games were bad. I want you to sell it." For Motricity (NASDAQ: MOTR), he said, "I've been holding off waiting for a...
-
Mike Khouw's Amazon (AMZN) Trade
Wednesday, December 15, 2010 - 7:55pm | 166On CNBC's Options Action, Mike Khouw talked about an options strategy in Amazon.com, Inc. (NASDAQ: AMZN). He said that Best Buy Co., Inc. (NYSE: BBY) slipped after posting disappointing earnings, and added that he is worried about Amazon (AMZN) too. Mike Khouw explained that Amazon (AMZN) is...
-
Longs May Need to Marry 12-15-2010
Wednesday, December 15, 2010 - 4:10pm | 879Cusick's Corner This market continues to grind but what is notable (I may be sounding like a broken record) is that it is just so bullish with CBOE Put/Call Ratio .65. What I mean is there is low volatility, great earnings, decent economic data, low inflation and low interest rates and yet everyone...
-
Best Buy Sales/Gross Margin Trends Reverse, J.P. Morgan Reports
Wednesday, December 15, 2010 - 11:24am | 146Best Buy Co., Inc. (NYSE: BBY) reported EPS of $0.54 vs. consensus of $0.60 and tax rate/lower share count benefited EPS by a ~$0.04 compared to J.P. Morgan's model. “Total sales declined 1.1% with domestic comps of (5.0%) vs. (1.0%)E driven by industry and market share declines,” J.P. Morgan...
-
Stock Market News for Dec 15, 2010 - Market News
Wednesday, December 15, 2010 - 10:33am | 910On Tuesday, the markets closed almost flat after a muted view from the Federal Reserve about the economic recovery. However, stocks were helped marginally by the positive report on retail spending. The Dow Jones Industrial Average rose 0.4% to 11,476.54.The Standard & Poor's 500 was up 0.1%...
-
Stock Market News for Dec 15, 2010 - Market News
Wednesday, December 15, 2010 - 10:08am | 910On Tuesday, the markets closed almost flat after a muted view from the Federal Reserve about the economic recovery. However, stocks were helped marginally by the positive report on retail spending. The Dow Jones Industrial Average rose 0.4% to 11,476.54.The Standard & Poor's 500 was up 0.1%...
-
Oppenheimer Downgrading Best Buy (BBY)
Wednesday, December 15, 2010 - 10:07am | 174Oppenheimer & Co. is downgrading Best Buy (NYSE: BBY) to Perform from Outperform and is lowering its price target to $39 from $53. In the note sent to clients, Oppenheimer writes, "We are lowering our rating on BBY to Perform from Outperform and our price target to $39 from $53. For the past...
-
Oppenheimer Downgrades Best Buy To Perform
Wednesday, December 15, 2010 - 9:47am | 179Oppenheimer has published a research report on Best Buy Co. (NYSE: BBY) and has downgraded the company to Perform from Outperform. In the report, Oppenheimer writes "We are lowering our rating on BBY to Perform from Outperform and our price target to $39 from $53. For the past few months, we have...
-
Benzinga's Top Downgrades (BBT, HUBG, BBY, SYK)
Wednesday, December 15, 2010 - 9:25am | 134BB&T Corporation (NYSE: BBT) was downgraded by Janney Capital from "buy" to "neutral." BBT's shares closed at $26.58 yesterday. BBT's PEG ratio is 10.87. Stifel Nicolaus downgraded Hub Group Inc (NASDAQ: HUBG) from "buy" to "hold.” HUBG's stock closed at $35.47 yesterday. Hub Group's trailing-...
-
Oppenheimer Lowers HGG Estimates
Wednesday, December 15, 2010 - 9:05am | 51Oppenheimer has lowered its 3Q (Dec.) and 4Q (Mar.) EPS estimates for hhgregg, Inc. (NYSE: HGG) to $0.72 and $0.36 from $0.74 and $0.39 previously. “In FY10/FY11 we now look for earnings of $1.25/$1.70 from $1.30/$1.90,” Oppenheimer writes. “Our price target goes from $30 to $27.” hhgregg closed...