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GameStop's October Quarter In Line With Estimates
Tuesday, November 16, 2010 - 9:32am | 109Piper Jaffray maintains their estimates on GameStop (NYSE: GME) after GME reported October quarter results in line with estimates. GME's October quarter sales are expected to be in line with the consensus estimate of $1.96B. Piper Jaffray expects GME's EPS to meet consensus or be slightly higher....
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Retail on the Rise? - Analyst Blog
Monday, November 15, 2010 - 11:30am | 1460Retail Sales were better than expected in October, and the numbers for September were revised higher. Total retail sales rose 1.2%, much better than the 0.7% consensus expectation, and are up 7.3% from a year ago. September was revised up from 0.6% growth to 0.7% growth, which makes the overall...
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Best Buy Inc. - Value
Monday, November 15, 2010 - 3:03am | 900Will holiday cheer rain down on the electronics retailers this year? Best Buy Inc. (BBY) is scheduled to report third quarter results in the middle of the holiday season but is coming off of a 36.4% earnings beat in the fiscal second quarter. It is trading at just 12.4x forward estimates. While...
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Afternoon Market Update (DELL, RSH, SPLS, ODP)
Thursday, November 11, 2010 - 1:06pm | 174Shares of Dell Inc (NASDAQ: DELL) dropped as the company is all set to report its quarterly results next week. Dell shares have fallen by 7.06% in the past 52 weeks. Shares of Dell are down about 5%. Natural gas futures remained steady after the Energy Information Administration supply (EIA) report...
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Zacks Sell List Highlights: ZHONGPIN INC. Kimberly-Clark, Papa John's Int'l and hhgregg - Press Releases
Thursday, November 11, 2010 - 11:33am | 1279For Immediate Release Chicago, IL –November 11, 2010 – Zacks.com releases details on a group of stocks that are currently members of the exclusive Zacks #5 Rank List – Stocks to Sell Now. These stocks are currently rated as a Zacks Rank #5 (Strong Sell): ZHONGPIN INC. (HOGS) and Kimberly-Clark...
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KIMBERLY CLARK (KMB) - Profit Tracks
Thursday, November 11, 2010 - 10:36am | 582Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to Sell Now by 80% annually (+2% versus +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid...
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Barclays Capital Downgrades RSH To Equal Weight
Thursday, November 11, 2010 - 8:06am | 51Analysts at Barclays Capital downgrade RadioShack Corporation (NYSE: RSH) from "overweight" to "equal weight." The target price for RSH has been reduced from $26 to $22. RSH's shares gained 0.10% to close at $20.33 yesterday. More Analyst Ratings here
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Top 4 Stocks In The Electronics Stores Industry With The Lowest PEG Ratio (GME, HGG, BBY, RSH)
Thursday, November 11, 2010 - 4:58am | 120Below are the top electronic store stocks on the NYSE and the NASDAQ in terms of PEG ratio. Gamestop Corporation (NYSE: GME) has a PEG ratio of 0.81. GME's trailing-twelve-month ROE is 14.79%. HHGregg Inc (NYSE: HGG) has a PEG ratio of 0.82. HGG's quarterly earnings advanced 85.40% y/y. Best Buy Co...
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Systemax Misses Estimates - Analyst Blog
Wednesday, November 10, 2010 - 6:33pm | 431Systemax Inc. (SYX) reported third quarter 2010 earnings at 23 cents per share and failed to beat the Zacks Consensus Estimate of 35 cents per share. The earnings per share (EPS) also decreased 32.4% from the year-ago quarter. The EPS excludes one-time charges, after tax, of 5 cents per per...
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Jefferies & Company Lowers HHGregg Estimates
Wednesday, November 10, 2010 - 9:38am | 111Jefferies & Company is lowering its HHGregg, Inc. (NYSE: HGG) FY11 and FY12 EPS estimates to $1.37 and $1.70, from $1.45 and $1.75, respectively. “With expectations lower and the stock discounting EPS risk rather than a strong unit growth story, investors need to watch for a turn in TV momentum...
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Systemax Reports Record Third Quarter EPS of $.23
Tuesday, November 9, 2010 - 5:13pm | 165Systemax Inc. (NYSE: SYX) today announced financial results for the third quarter and nine months ended September 30, 2010 Consolidated sales grew 14% to a record $862.7 million in U.S. dollars. On a constant currency basis and excluding WStore, sales grew 11%. Business to business channel...
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2 Very Weak Stocks Today (BLK, HGG)
Tuesday, November 9, 2010 - 1:49pm | 161The broader markets are showing a little bit of weakness today, with the averages down around 0.3%. Compounding these losses, are a couple of stocks that are sharply weaker on significant volume, but for two very different reasons. BlackRock, Inc. (NYSE: BLK) is down $1.99 to $167.10, a loss of 1.2...
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J.P. Morgan Adjusts Best Buy Estimates
Monday, November 8, 2010 - 8:58am | 82In a report released this morning, J.P. Morgan said that it is adjusting its estimates on shares of Best Buy Co., Inc. (NYSE: BBY). “Following 2Q earnings in September and the recent CPW 1H results, we are adjusting our estimates,” J.P. Morgan writes. “We are increasing our 3Q and 4Q EPS forecasts...
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Best Buy Signs Data Warehouse Agreement with Teradata
Thursday, November 4, 2010 - 3:56pm | 59Teradata Corporation (NYSE: TDC) today announced that it has completed a data warehouse expansion agreement with Best Buy Co. Inc. (NYSE: BBY). Best Buy leverages its enterprise data warehouse to provide business insight to its many users across a variety of business processes.
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Best Buy Consensus Below Guidance, Deutsche Bank Reports
Monday, November 1, 2010 - 8:58am | 124Best Buy Co.'s (NYSE: BBY) business and financial model continues to evolve to one focused on gross profit dollars rather than top line growth, Deutsche Bank reports. The driver is BBY's under penetration in fast growing wireless categories, enabling above average growth in these high margin...