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Retail Sales on the Rise - Analyst Blog
Tuesday, December 14, 2010 - 1:30pm | 1572Retail Sales were better than expected in November, and the numbers for October were revised sharply higher. Total retail sales rose 0.8%, much better than the 0.5% consensus expectation, and are up 7.7% from a year ago. October was revised up from 1.2% growth to 1.7% growth, which makes the...
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Retail Sales on the Rise - Analyst Blog
Tuesday, December 14, 2010 - 12:40pm | 1572Retail Sales were better than expected in November, and the numbers for October were revised sharply higher. Total retail sales rose 0.8%, much better than the 0.5% consensus expectation, and are up 7.7% from a year ago. October was revised up from 1.2% growth to 1.7% growth, which makes the...
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Tuesday's Mid-Day Options Volume Leaders (C, BBY, WMB, BAC, AAPL)
Tuesday, December 14, 2010 - 12:36pm | 106The overall market is in hover-mode as it waits for the FOMC rate decision, though no change to rates or language is expected. Here are your mid-day options volume leaders… 1. Citigroup (NYSE: C) 387,493 contracts, 88.8% calls, 11.2% puts 2. Best Buy Co. (NYSE: BBY) 115,708 contracts, 58.3% calls...
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Best Buy Misses, Lowers Outlook - Analyst Blog
Tuesday, December 14, 2010 - 11:33am | 704Best Buy Company, Inc. (BBY) posted lower-than-expected third-quarter 2011 results and lowered its full year outlook, sending shares down $6.05 or 14.5% to $35.65 in pre-market trading. The quarterly earnings of 54 cents a share missed the Zacks Consensus Estimate of 60 cents, but rose marginally...
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Best Buy Misses, Lowers Outlook - Analyst Blog
Tuesday, December 14, 2010 - 10:58am | 704Best Buy Company, Inc. (BBY) posted lower-than-expected third-quarter 2011 results and lowered its full year outlook, sending shares down $6.05 or 14.5% to $35.65 in pre-market trading. The quarterly earnings of 54 cents a share missed the Zacks Consensus Estimate of 60 cents, but rose marginally...
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News Summary
Tuesday, December 14, 2010 - 10:35am | 183The dollar recovered some its losses while the Treasury prices dropped further after retail sales and producer prices data. The November US retail sales gained 0.8% with producer prices showing a 0.8% rise. Yields on 10-year notes gained about 0.76%. The dollar index (DXY) lost about 0.03%. Against...
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Best Buy Misses Estimates, Falls 9% (BBY)
Tuesday, December 14, 2010 - 9:22am | 274Best Buy Co., Inc. (NYSE: BBY) on Tuesday morning released financial results that missed Wall Street expectations. Best Buy Co., Inc reported that its 3rd quarter net earnings fell to $217 million, or 54 cents per share, down from $227 million, or 53 cents per share, a year earlier. The company's...
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Best Buy Misses Badly, Cuts Guidance (BBY)
Tuesday, December 14, 2010 - 9:14am | 97Best Buy (NYSE: BBY) is plunging 10% in pre-market trading after the company badly missed earnings and lowered guidance for 2011. Best Buy just reported earnings of 54 cents per share versus Wall Street estimates of 61 cents per share. Revenues came in at $11.89 billion versus the $12.47 billion...
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US Stock Futures Up As Investors Await Retail-Sales Data And FOMC Decision
Tuesday, December 14, 2010 - 8:06am | 240US stock futures are slightly higher this morning as investors are awaiting the key retail-sales data as well as the US Federal Open Market Committee's (FOMC) decision on monetary policy. Futures for the Dow Jones Industrial Average gained 16 points to 11,382, while the S&P 500 index futures...
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Earnings Scheduled For December 14 (IPSU, BBY, HOV, PTRY, ASFI, SAFM, RICK)
Tuesday, December 14, 2010 - 6:34am | 189Imperial Sugar Company (NASDAQ: IPSU) is expected to post a FQ4 loss of $0.24 per share on revenue of $272.96 million. Best Buy (NYSE: BBY) is likely to report its Q3 EPS at $0.61 on revenue of $12.47 billion. Hovnanian (NYSE: HOV) to post a Q4 loss of $0.66 per share on revenue of $288.05 million...
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Stocks To Watch For December 14 (BBY, ASFI, PFE, HOV, RICK)
Tuesday, December 14, 2010 - 6:18am | 181Some of the stocks that may grab the investor focus today are: Wall Street expects Best Buy (NYSE: BBY) to report its Q3 EPS at $0.61. BBY shares gained 0.96% to $42.10 in after-hours trading. Analysts are expecting Asta Funding Inc (NASDAQ: ASFI) to have earned $0.15 per share in the fourth...
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Lumbering Along 12-13-2010
Monday, December 13, 2010 - 4:34pm | 887Cusick's Corner Until a negative headline hits the wires, this grind up is the action of the day. For the contrarian this kind of market is a slow death and from experience should not be the course of action no matter how right you feel. One note, seeing some movement in the Lumber markets, LBF11 +...
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Earnings Preview: Best Buy Co. (BBY)
Monday, December 13, 2010 - 2:23pm | 221Best Buy Co. (NYSE: BBY) is currently higher on the session by 0.86%, trading at $42.16. The company is scheduled to report earnings tomorrow, before the opening bell. • Estimates The Street is looking for Q3 earnings per share of $0.61 on revenue of $12.47 billion. These estimates have risen by $...
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Oppenheimer Has $53 Price Target On Best Buy
Monday, December 13, 2010 - 10:18am | 164Oppenheimer & Co. has a $53 price target and an Overweight rating on shares of Best Buy Co., Inc. (NYSE: BBY). In a note sent to investors Oppenheimer writes, "BBY will report Q3 (Nov.) results on Tues., Dec. 14th. We look toward this announcement as a potential positive catalyst for BBY shares...
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Best Buy To Report 2Q Earnings On 12/14
Monday, December 13, 2010 - 9:46am | 158Oppenheimer has published a research report on Best Buy Co. (NYSE: BBY) in anticipation of the company's 2Q results, expected tomorrow, 12/14. In the report, Oppenheimer writes "We look toward this announcement as a potential positive catalyst for BBY shares. BBY has underperformed lately as the...