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Standpoint Downgrades Best Buy From Buy To Hold (BBY)
Wednesday, October 13, 2010 - 2:27pm | 83Standpont Research has downgraded shares of Best Buy (NYSE: BBY) from Buy to Hold. Since the firm's August 24th recommendation, BBY has surged 31% and outperformed the S&P 500 by 1,800 basis points. Standpoint analyst Ronnie Moas wrote, "the shares are now fairly valued at 14X earnings. Going...
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Standpoint Research Downgrades Best Buy to Hold
Wednesday, October 13, 2010 - 2:14pm | 169Standpoint Research is out with a research report this afternoon, where it downgrades shares of Best Buy (NYSE: BBY) to Hold, from Buy. The analysts said, “BBY has jumped 31% since our August 24 recommendation and beat the S&P by > 1800 basis points. The shares are now fairly valued at 14X...
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QE & Bullish Trend 10-12-2010
Tuesday, October 12, 2010 - 6:10pm | 696Cusick's Corner Is the Fed going to "QE" and is this their last bullet? Answer -- Yes. How long can this move to the upside last (whether the Fed does or does not ease in the States)? If unemployment stays above 9.5-10% and if the developing counties decide to become projectionists, this bullish...
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Expectations, Earnings Help Cause VIX Drop 10-12-2010
Tuesday, October 12, 2010 - 2:58pm | 976Cusick's Corner The earnings cycle is upon us and some big names are set to kick off this cycle today and tomorrow. Now some traders may be becoming a little complacent after the VIX, (CBOE Volatility Index) dropped yesterday from the mid 20's (22.18) to 19 -- with that kind of a drop would look...
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Good News/Bad News About The Holiday Season
Friday, October 8, 2010 - 8:18am | 304With the start of the baseball playoffs and football season, investors are starting to look past Halloween to the December holidays. So far, they are liking what they are seeing. Retail sales rose in September for a thirteenth straight month, helped by a surprisingly strong Back to School season...
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GameStop Corp A Solid Company In A Tough Cycle
Thursday, October 7, 2010 - 11:24am | 154GameStop Corp. (NYSE: GME) is currently trading among the lowest multiple stocks in the S&P 500. In a research note Oppenheimer writes, "We are initiating coverage of GameStop with a Perform rating. Longer term prospects for GME are compelling. The chain is the primary shopping venue for...
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Coverage Initiated On: (EFX, GME, BBT, ECOL, VRTX)
Thursday, October 7, 2010 - 10:30am | 146RBC Capital Markets has initiated coverage on Equifax (NYSE: EFX) with an Outperform rating and a $37 PT Oppenheimer has initiated coverage on Gamestop (NYSE: GME) with a Perform rating and a $24 PT Oppenheimer has initiated coverage on BB&T Corp (NYSE: BBT) with a Perform rating Wunderlich...
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Build Your Miles as You Trade
Wednesday, October 6, 2010 - 3:00pm | 1462The weather is crisp, the leaves are turning, and traders are ready to get back into the market. According to the Stock Trader's Almanac, October has a reputation as a “bear killer,” turning the tide from red to black in 11 bear markets since World War II (including 1987, 1990, 1998, 2001, and...
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Piper Jaffray's High School Teen Gamer Report
Wednesday, October 6, 2010 - 6:59am | 196Piper Jaffray has published a research report for Fall 2010 Gaming Trends, upon completing a survey of ~6,000 high school teenagers. In the report, Piper Jaffray writes "Respondents provided information on topics ranging from video game usage, to spending intentions, to the future of gaming. The...
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RadioShack Corp - Growth & Income
Wednesday, October 6, 2010 - 2:15am | 491RadioShack Corp (RSH) has seen a resurgence thanks to its fast-growing wireless division. Analysts are expecting this growth to continue, and earnings estimates have been increasing as a result. The company is a retailer specializing in consumer electronics with stores and kiosks throughout the U....
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Multi-Legged Bullish Trade in GameStop Corp. (NYSE:GME)
Monday, October 4, 2010 - 4:17pm | 1579Specialty retail name GameStop Corp. (NYSE:GME) is atop the OptionsHouse Hotlist today as a number of strikes have seen large blocks change hands. It appears as though an investor is rolling out of an existing front-month call spread and buying an intermediate-term bull call spread and selling a...
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NAZ Futures Short Interest 10-04-2010
Monday, October 4, 2010 - 3:40pm | 837Cusick's Corner The market turned south into the midday, probably on the heels of pullbacks from the tech titan AAPL and the fact there is the largest Short Interest on record by the latest Commitment of Traders in the NAZ Futures. This is not the end of the road for the move to the upside, but it...
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Reiterate Buy on RSH
Monday, October 4, 2010 - 10:27am | 139Goldman Sachs reiterates their BUY rating on Radioshack Corporation (NYSE: RSH) partly do the fact RSH is the most leveraged retailer to wireless technology, nearly 50% of total sales. In a research note, Goldman Sachs writes, "We are raising our forecasts for RSH on ongoing wireless strength, some...
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What's Hot On TheStreet
Friday, October 1, 2010 - 12:37pm | 302Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet BP, Street Titans 'Win' Ig Nobel Awards Executives of Goldman Sachs (NYSE: GS), BP (NYSE: BP), the former financial powerhouse Lehman Brothers, Merril Lynch (NYSE: BAC), Magnetar Capital, and AIG (NYSE: AIG) were...
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Best Buy Forecasts High Mobile Phone Sales for Christmas
Tuesday, September 28, 2010 - 12:02pm | 90Best Buy Co., Inc. (NYSE: BBY) today unveiled a host of initiatives that underscore the company's intent to win during the fast-approaching and critical end-of-year buying period, especially in mobile technology, home theater, selection, services and pricing. CEO Brian Dunn and other executives...