-
Best Buy = Best Bet
Monday, September 27, 2010 - 10:33am | 173Best Buy Co. (NYSE: BBY) wasn't having much expected from it with its slow TV sales and consumer PCs, until two weeks ago when Best Buy crushed its earnings number for 2Q, according to Barron's. Barron's writes that "the stock is inexpensive, even after its recent run-up, selling at around 11 times...
-
Bookkeeping: Weekly Changes to Fund Positions Year 4, Week 8
Monday, September 27, 2010 - 9:15am | 2629Year 4, Week 8 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 63.7% (v 73.8% last week) 22 long bias: 25.9% (v 17.1% last week) 7 short bias: 10.4% (v 9.1% last week) [Note: Long bond and volatility...
-
Dan Nathan's Jabil Circuit (JBL) Trade
Sunday, September 26, 2010 - 3:49pm | 237CNBC Options Action's Dan Nathan suggested investors to consider an options strategy in Jabil Circuit, Inc. (NYSE: JBL). He said that Jabil Circuit (JBL) is a company that makes the products that end up in Best Buy Co., Inc. (NYSE: BBY) or RadioShack Corporation (RSH). Cisco (NASDAQ: CSCO) is one...
-
Betting On Earnings Events
Wednesday, September 22, 2010 - 3:39am | 587While it's not earnings season yet, a few large companies have reported earnings recently, and created quite some excitement already. It started with BestBuy (NYSE: BBY) reported better than expected earnings and strong guidance on Sep. 14, and its stock gapped up 7.5% the next day. Next was...
-
Fast Money Picks For September 22nd (MS, JOYG, TAL, RSH)
Tuesday, September 21, 2010 - 7:31pm | 168CNBC Fast Money's Joe Terranova said on the show that he sold a part of his position in RadioShack Corporation (NYSE: RSH) today, and his followers should do the same tomorrow. RadioShack Corporation (RSH) fell 0.14% today, and closed at $20.82. Guy Adami thinks that Joy Global Inc. (NASDAQ: JOYG)...
-
GameStop in Neutral Lane - Analyst Blog
Tuesday, September 21, 2010 - 11:45am | 544Being the global leader in retailing software, hardware, and game accessories for video game systems and personal computers, GameStop Corporation (GME) is better positioned than its competitors for the economic recovery. The stock is poised to surge once the economy rebounds and demand improves...
-
Zacks Analyst Blog Highlights: The Kroger Company, GameStop, Wal-Mart, Costco Wholesale Corporation and Brinker International - Press Releases
Tuesday, September 21, 2010 - 7:33am | 1633For Immediate Release Chicago, IL – September 20, 2010 – Zacks.com Analyst Blog features: The Kroger Company (KR), GameStop Corporation (GME),Wal-Mart Stores Inc. (WMT), Costco Wholesale Corporation (COST). and Brinker International Inc. (EAT). Get the most recent insight from Zacks Equity Research...
-
Setting Up Your Day
Monday, September 20, 2010 - 8:25pm | 682Going into today preparation was the key. Talking with most of the traders on our desk, last week was a very frustrating week. I know for myself the important thing was to not get frustrated, review the week, and come into today with an objective view of the market and what stocks I would be ...
-
Company News for September 20, 2010 - Corporate Summary
Monday, September 20, 2010 - 7:48pm | 865• Safran agreed to acquire L-1 Identity (NYSE: ID) for $1.6 billion cash, or $12 per share • General Growth Properties (NYSE: GGP) paid $230 million to Howard Hughes heirs to settle a dispute • Goldman Sachs (NYSE: GS) upgraded Freeport-McMoRan (NYSE: FCX) to "buy" from "neutral," taking the price...
-
Best Buy: Earnings Scorecard - Analyst Blog
Monday, September 20, 2010 - 11:07am | 985Best Buy Company Inc. (BBY), the leading specialty retailer of consumer electronic products, reported second-quarter 2011 results on September 14, 2010 that topped the Zacks' expectations driven by a strong mobile phone business that pushed up margins. Street analysts had nearly a week to digest...
-
Goldman Sachs On Retail Specialty Hardlines
Monday, September 20, 2010 - 9:50am | 143Goldman Sachs writes "the following disclosures relate to relationships between The Goldman Sachs Group, Inc.: Goldman Sachs expects to receive or intends to seek compensation for investment banking services in the next 3 months: Ethan Allen Interiors, Inc. (NYSE: ETH) ($15.60), GameStop Corp. (...
-
Oppenheimer Upgrades Best Buy Co. to Outperform (BBY)
Monday, September 20, 2010 - 9:41am | 200Oppenheimer is out with a research report this morning this morning, where it upgrades it's rating on Best Buy Co. Inc. (NYSE: BBY) to Outperform, from Perform; it has a price target of $45.00 on the stock. The Oppenheimer analysts said that they are lifting their rating on BBY, despite the fact...
-
Kroger Enhances Return - Analyst Blog
Friday, September 17, 2010 - 9:39am | 661After a hiatus of a day since its earnings release on September 14, 2010, The Kroger Company (KR), one of the largest grocery retailers in the U.S., hit the market with the news of dividend increase, reflecting its plan to utilize its free cash to enhance shareholders' return, thereby boosting...
-
GameStop Boosts Return - Analyst Blog
Thursday, September 16, 2010 - 12:39pm | 343GameStop Corporation (GME), the video game and entertainment software retailer, recently notified that its board of directors has authorized an additional repurchase of about $500 million, of which $300 million will be utilized to repurchase shares and $200 million will be spent to buy back Senior...
-
GameStop Announces Repurchasing Program
Thursday, September 16, 2010 - 8:18am | 109GameStop Corp. (NYSE: GME) authorized a new $500M debt and equity repurchase program, expecting to repurchase $300M in equity and retire $200M in senior notes, which would add ~$.29 to non-GAAP EPS on an annual basis, according to Piper Jaffray, which believes that GameStop should continue its...