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Sterne Agee Maintains Buy Rating On GME
Friday, August 27, 2010 - 11:04am | 73Analysts at Sterne Agee kept its Buy rating on shares of GameStop Corp. (GME), while keeping its price target at $26. In its report, Sterne Agee noted that "We expect GME to remain in a very strong competitive position in the used games business." GameStop Corp. operates as a retailer of video...
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Conn's Shares Tumble 12% (CONN)
Thursday, August 26, 2010 - 3:05pm | 150Shares of consumer electronics retailer Conn's, Inc. (Nasdaq: CONN) are trading down 11.98% at $4.63 per share during the Thursday afternoon trading session. The day's trading range for shares of Conn's, Inc has been between $4.62 and $5.20 per share. Analysts covering the company's stock give it a...
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Retail Showing Signs Of Life Today Could Have Bigger Implications
Wednesday, August 25, 2010 - 1:11pm | 202The retail stocks are mostly higher today on the back of some solid earnings from American Eagle Outfitters (NYSE: AEO). The retail ETF Retail HOLDRs (NYSE: RTH) is fractionally higher while the broader market is lower showing overall strength. Other stocks like Best Buy Co., Inc. (NYSE: BBY) are...
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Existing Home Sales Well Below Expectations 08-24-2010
Tuesday, August 24, 2010 - 3:13pm | 869Cusick’s Corner Existing home sales came in well below expectations, sub-4 million units and this decline was the highest percentage drop in over 10 years. This spurred on the flight for safety trade into this Midday -- all major indices are in the red and bond yields are continuing to crack, 10yr...
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Standpoint Research Initiates Best Buy With Buy Rating (BBY)
Tuesday, August 24, 2010 - 12:08pm | 83Standpoint Research has initiated shares of Best Buy (NYSE: BBY) at Buy. The stock has under-performed the S&P 500 by 3,000 basis points since April. The firm has a 2011-2012 price target on the stock of $42. The target is based on 12X a conservative EPS estimate of $3.50. During today's...
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Last Week’s Top Options Rolls (FLML, HOT, CLNE, LEN, BBY)
Monday, August 23, 2010 - 12:43pm | 454Options expiration week is usually notable, always volatile, and frequently very useful for a number of reasons. This is the week when small players, large funds, and market makers square up their positions and take a good, long, and hard look at the positions they have on their books. Those that...
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Identify Risk Exposure & Consider Puts 08-20-2010
Friday, August 20, 2010 - 6:40pm | 821Cusick’s Corner The market wrapped up August Expiration flat with all major indices in spitting distance of breakeven. The tea leaves on the markets are not rosy, but this is when, even with all the indicators screaming at you, you need to stay on your toes for the unexpected. Take the weekend and...
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Expiration Friday 08-20-2010
Friday, August 20, 2010 - 3:22pm | 818Cusick’s Corner The market is really holding up well in the face of the poor economic data this week and the increasing uncertainty of future corporate guidance. As far as the impact of expiration today, while the option volume has been brisk, it is really split in down the middle. There may be a...
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Zacks Analyst Blog Highlights: Walgreen, CVS Caremark, Tata Motors, Ford Motor and GameStop - Press Releases
Friday, August 20, 2010 - 11:25am | 1240For Immediate Release Chicago, IL – August 20, 2010 – Zacks.com Analyst Blog features: Walgreen (WAG), CVS Caremark (CVS), Tata Motors Ltd. (TTM), Ford Motor Co. (F) and GameStop Corporation (GME ). Here are highlights from Thursday’s Analyst Blog: Walgreen Downgraded We have downgraded Walgreen...
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GameStop Earnings Up but Misses - Analyst Blog
Thursday, August 19, 2010 - 4:04pm | 594GameStop Corporation (GME), the video game and entertainment software retailer, recently posted second-quarter 2010 results. The quarterly earnings of 26 cents a share missed the Zacks Consensus Estimate by a penny but rose 13% from 23 cents earned in the prior-year quarter. The bottom-line...
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Company News for August 19, 2010 - Corporate Summary
Thursday, August 19, 2010 - 1:34pm | 771• Sears Holdings (NASDAQ: SHLD) posted a second quarter loss of 19 cents per share, one cent above Zacks estimates, on revenues of $10.5 billion, below Zacks estimates of $10.6 billion • Staples (NASDAQ: SPLS) posted in-line second quarter earnings of 20 cents a share; however, revenues of $5.5...
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RadioShack Lifts Shareholders Wealth - Analyst Blog
Thursday, August 19, 2010 - 12:04pm | 331In a move to raise its shareholders’ value, the Board of Directors of RadioShack Corp. (RSH) has deiced to increase the authorization of its existing share buyback program from $290 million to $500 million. Although the company did not provide any closing date of this enhanced share repurchase...
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Futures Move Lower As Jobless Claims Rise
Thursday, August 19, 2010 - 9:13am | 312Stock futures reversed course and moved into negative territory ahead of Thursday's trading session after the Labor Department reported that first-time unemployment claims jumped unexpectedly. As of 8:55 a.m. in New York, the Dow Jones Industrial Average futures fell 2 points, or 0.02%, to 10350,...
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GameStop Q2 Earnings Miss Street View
Thursday, August 19, 2010 - 8:59am | 58GameStop Corp (NYSE: GME) reports its Q2 EPS at $0.26, falling short of the consensus of $0.27. GME reports its Q2 revenue at $1.8 billion versus the estimates of $1.82 billion. GME’s shares dipped 8.91% to $18.91 in pre-market trading. Read more from Benzinga's Company news.
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US Stock Futures Up Ahead Of Major Earnings, US Jobs Data
Thursday, August 19, 2010 - 7:03am | 330US stock futures for the NASDAQ are up 7.25 points to 1,850.8; for S&P 500 is up 5.1 points to 1,094.16; for DOW is up 41.00 points to 10,415.54 on Wednesday 6.27 AM EST. At 8:30 AM EST, the US Department of Labor will release first-time claims for jobless benefits for the week ended August 14...