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What Straddle Pricing Can Tell Us 08-18-2010
Wednesday, August 18, 2010 - 6:31pm | 799Cusick’s Corner Not much has changed since the Midday, so I will keep this Corner short and sweet. The Claims data that comes out tomorrow morning could add some volatility pre-market, but at this stage it looks like an orderly expiration week. I spent some time looking at straddles today (option...
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RadioShack Increases Repurchase Program to $500 Million (RSH)
Wednesday, August 18, 2010 - 4:54pm | 97RadioShack Corporation (NYSE: RSH) today announced that its Board of Directors has increased the Company's share repurchase authorization, from $290 million to $500 million, and has directed that a significant portion of the repurchase program commence as soon as practicable. "After careful...
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Sprint Unveils Epic 4G - Analyst Blog
Tuesday, August 17, 2010 - 9:44am | 796Sprint Nextel (S) is expected to roll out its second 4G smartphone “Epic 4G” on August 31, 2010 across all of Sprint’s nationwide retail locations, as well as from its retail partners RadioShack Corp. (RSH), Best Buy Co. Inc. (BBY) and Wal-Mart Stores Inc. (WMT). The Epic 4G will cost around $249....
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Clearwire: 4G Pure Play Is a Risky Bet
Tuesday, August 17, 2010 - 7:42am | 339BOSTON (TheStreet) -- Clearwire (Nasdaq: CLWR) and Xohm, the wireless broadband unit of Sprint Nextel (NYSE: S), merged in 2008. Clearwire is aggressively building its 4G WiMAX infrastructure, using market clustering in urban areas. Its WiMAX technology offers mobile broadband at speeds often four...
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Earnings Scorecard: RadioShack - Analyst Blog
Friday, August 13, 2010 - 9:40am | 989The future outlook for RadioShack Corp. (RSH) is flat. Second quarter 2010 financial results were mostly in line with Zacks Consensus Estimates. Recent earnings estimate revisions are showing an almost 50-50 swing in both directions. RadioShack continues its solid performance supported by...
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Hhgregg Beats on Soaring Sales - Analyst Blog
Wednesday, August 11, 2010 - 8:46am | 540Hhgregg Inc. (HGG) reported its first-quarter income from continuing operations of $2.7 million or 7 cents per share, surpassing the Zacks Consensus Estimate of 2 cents. This also compares favorably with the income of $1.5 million or earnings of 4 cents in the year-ago quarter. The improved showing...
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Systemax’s Results Miss Expectations (SYX)
Tuesday, August 10, 2010 - 4:51pm | 152Systemax Inc. (NYSE: SYX) reports Q2 EPS of $0.25 versus estimates of $0.35. Systemax Inc. reports Q2 revenues of $805.9 million versus estimates of $845.55 million. Revenues increased 12% year over year (6% on a constant currency basis and excluding WStore). "Same store" business to business...
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Afternoon Market Update (NBR, SWSI, BBY, BBBY, SHLD)
Tuesday, August 10, 2010 - 1:29pm | 271Energy stocks have erased their Monday’s mild gains and are in the red today. Shares of Nabors Industries Ltd (NYSE: NBR) have lost more than 6% after it agreed to purchase Superior Well Services Inc (NASDAQ: SWSI) for $22.12 per share. The NYSE Arca Oil (XOI) and the NYSE Arca Natural Gas (XNG)...
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Goldman Sachs Downgrades Best Buy Co. (BBY)
Tuesday, August 10, 2010 - 12:31pm | 130Goldman Sachs is out with a research report this afternoon, where it removes Best Buy Co. (NYSE: BBY) from its Americas Buy List; the stock is now Neutral rated with a $40.00 price target. The GS analysts cited lower than expected TV sales trend improvement, which has forced them to cut estimates...
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A Small Cap Retail Stock With Tremendous Growth Potential
Tuesday, August 10, 2010 - 6:00am | 717What company sells the most consumer electronics in the United States? The answer is Best Buy (BBY). Best Buy is the largest electronics retailer in the United States. The company’s only major competitor is Walmart (WMT), which has been making a bigger push into the consumer electronics industry....
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A Small Cap Retail Stock With Tremendous Growth Potential
Tuesday, August 10, 2010 - 6:00am | 685What company sells the most consumer electronics in the United States? The answer is Best Buy (BBY). Best Buy is the largest electronics retailer in the United States. The company’s only major competitor is Walmart (WMT), which has been making a bigger push into the consumer electronics industry....
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Best Buy Setting $199 Price On Droid 2 (MOT, BBY, GOOG)
Monday, August 9, 2010 - 1:02pm | 101Best Buy (NYSE: BBY) is announcing a $199 price point on the new Droid 2 smart phone from Motorola (NYSE: MOT) according to leaks from engadget. The phone will launch at $199 with a two year contract subsidy from Verizon Wireless, its carrier and a $599 price with no contract. It is expected the...
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Fast Money Picks For August 6th (JPM, RTP, KO, BBY, BMY)
Thursday, August 5, 2010 - 6:56pm | 174On CNBC's Fast Money, Karen Finerman said that she wants to buy Best Buy Co., Inc. (NYSE: BBY) tomorrow. Best Buy Co., Inc. (BBY) fell 0.09% today, and closed at $35.13. Brian Kelly likes JPMorgan Chase & Co. (NYSE: JPM), and Tim Seymour is a buyer of Rio Tinto plc (ADR) (NYSE: RTP). JPMorgan (...
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Perhaps Walmart Should Go Private
Thursday, August 5, 2010 - 9:32am | 205The chance that Barnes & Noble (NYSE: BKS) has decided to consider taking itself private has spawned a cottage industry of picking the next retailers that will make a similar decision. Barnes & Noble shares rose more than 10% on the news of its plans. That means, experts would say, the...
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Why Gays’ Anger Toward Target, Best Buy Should Worry Shareholders
Thursday, August 5, 2010 - 8:01am | 239Target Corp. (NYSE: TGT) and Best Buy Co (NYSE: BBY) tried to suck up to State Rep. Ron Emmer, a conservative Republican who has a good chance of becoming the next governor of their home state of Minnesota, and it backfired badly. Now, their retailers are scrambling to make amends to gay...