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Deutsche Bank Lowers Price Target on RadioShack (RSH)
Tuesday, August 3, 2010 - 11:37am | 76Deutsche Bank analysts Mike baker and Adam Sindler lowered estimates for RadioShack (NYSE: RSH) after incorporating two changes into its model. The two changes were an expanded Target kiosk roll out and a negotiated settlement with one of the wireless carriers regarding upfront commission revenues...
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A Peek Into The Market Before The Trading Starts
Thursday, July 29, 2010 - 9:24am | 402Pre-open movers US stock futures gained strength on bullish results by US firms and jobless claims. While futures on the Dow Jones Industrial Average jumped 58 points, those on the Standard & Poor's 500 added 8.40 points. Meanwhile, Nasdaq Composite futures climbed 10.75 points. A Peek Into...
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RadioShack Posts In-Line Q2 Earnings
Thursday, July 29, 2010 - 6:42am | 60RadioShack Corp (NYSE: RSH) reports its Q2 EPS at $0.41, in-line with the consensus of $0.41. RSH reports its Q2 revenue at $1.01 billion versus the Street view of $1.02 billion. RSH’s shares gained 0.50% to $20.29 in the after-hours trading session. Read more from Benzinga's Company news.
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Buy D.R. Horton and IBM: CNBC (DHI, IBM, BBY)
Wednesday, July 28, 2010 - 12:52pm | 130Jim Meyer, chief investment officer and co-founder of Tower Bridge Advisors, has optimistic views on the market. He said, “We were thinking double-dip recession and now we’re in some kind of euphoria. After three straight days of 100 point gains, I don’t know that we power forward from here...
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Retail Stock Watch
Monday, July 26, 2010 - 3:36pm | 328Most retail stocks have bounced higher since the July lows. Some stocks have had much better bounces than others. However, the entire sector is lagging the market at this time and a few leading retail stocks should be watched closely. Best Buy Inc (NYSE: BBY) has bounced higher since it made a...
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Late Pop Impressive 07-20-2010
Tuesday, July 20, 2010 - 7:12pm | 705Cusick’s Corner This nice pop into the After Hours is impressive. Almost every sector is up and bouncing off mid-term support (50-Day Moving Average) and on decent volume, but be careful not to get too caught up in the emotion of this move. The afternoon move started to look more like a potential...
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Calls Purchased on hhgregg Inc. (HGG)
Tuesday, July 20, 2010 - 1:50pm | 134Shares of hhgregg Inc. (NYSE: HGG) are higher on the session by 1.76%, currently trading at $20.86. The stock has been moving largely lower over the past three months, off from a recent high near $31.00. Options traders are buying calls today, betting that the stock may have bottomed out. The...
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RadioShack Lower as Buyout Looks Less Likely (RSH, BX)
Tuesday, July 20, 2010 - 12:41pm | 185Shares of RadioShack Corp. (NYSE: RSH) are lower on the session by 6.30%, currently trading at $20.10. The stock hit a low of $19.11 earlier in the day, right at the opening bell. Dow Jones is reporting that private-equity firms Blackstone Group LP (NYSE: BX) and TPG Capital LP are likely to drop...
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Looking at the Big Picture
Saturday, July 17, 2010 - 9:40pm | 763One of the tools we use day in day out to look at the markets is multiple timeframe analysis. What this means is looking at our charts in different timeframes. This could mean a 15min chart, a daily chart, or a weekly chart. Each timeframe tells a slightly different story, it is the combination...
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Best Buy Sold Out of Motorola's Droid X
Friday, July 16, 2010 - 12:48pm | 61Best Buy (NYSE: BBY) is currently sold out of Motorola's (NYSE: MOT) Droid X Phones. The phone was launched yesterday and demand for it has been incredibly strong thus far. Best Buy and Motorola shares are down 3.64% and 3.11% respectively amidst a very weak market today.
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Financials Needed to Keep Momentum 07-15-2010
Thursday, July 15, 2010 - 6:45pm | 762Cusick's Corner Leak is plugged, delinquencies are down and you can still fix a 4G phone with duct tape -- all is good with the world. As I write this, Google (GOOG) reported earnings of $6.45, impressive, but short of estimates that were .07, so the stock is trading down after the close. Goldman...
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Deflation Potentially More of a Threat 07-15-2010
Thursday, July 15, 2010 - 3:01pm | 844Cusick’s Corner JPM knocked the ball out of the park with their earnings call, earning $1.09 Q2 as credit and loan delinquencies were down. So one might ask why the market isn’t on a run up after what seems to be good news. One word -- deflation. At 9am ET there was disappointing economic data...
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Call Volume Heats Up on RadioShack Once Again (RSH)
Thursday, July 15, 2010 - 1:25pm | 167Shares of RadioShack Corp. (NYSE: RSH) are higher on the session by 1.32%, currently trading at $21.45. The stock has been trading largely higher over the past six months and has been popping higher as of late on takeover speculation. Call volume is heating up on the name once again today. The...
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Market Waiting On JPM Earnings 07-14-2010
Wednesday, July 14, 2010 - 6:11pm | 873Cusick’s Corner The market stayed in a choppy consolidation range after the release of mixed economic data and FOMC revisions on GDP. The market is waiting for JPM earnings tomorrow which are due out around 7:30am ET. One important note -- the last time both Intel and JPM Chase beat earnings was...
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Unemployment Impacting Retail Sales 07-14-2010
Wednesday, July 14, 2010 - 3:03pm | 724Cusick’s Corner Intel was impressive but was not enough overnight to hold up the market. This could be in part to the due to the low Retail Sales data that is potentially showing the pressure of continued high unemployment and the fact that there are a lot of unemployed who are losing benefits....