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Retail Stocks Are More Important Than You Think
Wednesday, July 14, 2010 - 11:12am | 415The retail sector is the only industry group that reached its 2007 high in 2010. Since the retail sector's peak on April 26th, 2010 the industry group has lead the decline in the market. On July 6th the important retail sector has bounced along with the major indexes by about 6.00 percent. The SPDR...
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Company News for July 14, 2010 - Corporate Summary
Wednesday, July 14, 2010 - 9:42am | 433Johnson & Johnson (NYSE:JNJ) posted second quarter EPS of $1.15 which was lower than Zacks estimates of $1.21 and $1.18 in the year ago period. Revenues were $15.2 billion in the second quarter lower than Zacks estimates of $15.7 billion Microsoft (NASDAQ:MSFT) faced negative reporting...
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David Faber Says The Interest In Radio Shack Has Slowed
Wednesday, July 14, 2010 - 9:20am | 52CNBC's David Faber says the interest from private-equity in Radio Shack (NYSE: RSH) has slowed. An insider told David Faber that there is no imminent deal for Radio Shack. Faber said anyone purchasing Radio Shack would have to come up with $1 billion in equity.
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INTC Beats Street 07-13-2010
Tuesday, July 13, 2010 - 6:18pm | 710Cusick’s Corner I waited to write this commentary until Intel had announced, the reason is because I wanted to see the results and its impact on futures in the after hours. Well, Intel (INTC) beat by .08 and gave upward future guidance for the 2nd half of the year. In this part of the season it’s...
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Jefferies Downgrades Best Buy to Hold (BBY)
Friday, July 9, 2010 - 9:42am | 95Analysts at Jefferies have downgraded Best Buy (NYSE: BBY) to Hold from Buy. The analysts said, "While Best Buy shares look cheap, they may stay cheap as we think sales trends may be eroding further from Q1 levels." Consumer electronic sales have been weak and there are concerns that Q2 sales will...
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Benzinga’s Top Downgrades (PT, BBY, CNI, MYGN)
Friday, July 9, 2010 - 7:53am | 153Portugal Telecom SGPS (NYSE: PT) was downgraded by Bernstein from “market perform” to “underperform.” PT’s shares closed at $10.92 yesterday. Portugal Telecom’s quarterly earnings dropped 38.23% y/y. Jefferies downgraded Best Buy Co Inc (NYSE: BBY) from “buy” to “hold.” BBY’s shares closed at $34....
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Puts Sold on hhgregg Inc. (HGG)
Wednesday, July 7, 2010 - 4:50pm | 134Shares of hhgregg Inc. (NYSE: HGG) ended the session higher by 3.66%, trading at $21.50. The stock has been trading largely higher over the past six months, but has broken down as of late, through the 50-day and 200-day moving averages. Options traders were selling puts on the name today. The...
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Retail Names Continue Slide (BBY, COH, TIF, M)
Tuesday, July 6, 2010 - 1:07pm | 151A string of retail names are getting smashed down despite a small rally in stocks today. The trend in Best Buy (NYSE: BBY), for example, has been straight down after a higher opening. On the day, BBY has fallen 2.36% to $33.06. Shares of luxury retailer Coach, Inc. (NYSE: COH) have lost 2.38% to $...
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Top Ten Retailers Most Likely to Go Bankrupt (GAP, RAD, ZLC, VVTV, BGP)
Friday, July 2, 2010 - 3:37pm | 1442Forbes columnist, Asher Hawkins, came out with an interesting article yesterday regarding the top ten companies most reliant on customer spending. These companies are in such financial straights that, if consumers do not continue to spend, they could be forced to shut their doors. While this may...
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Big Money Still On Sidelines 07-02-2010
Friday, July 2, 2010 - 2:34pm | 824Cusick’s Corner The Unemployment number has come and gone with very little fan fare. The bottom line is that the private sector was hiring, maybe not at the levels that the market would like, but it dampened the impact of government layoffs. While the bounce into the Midday is nice, the market...
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Upside Purchased on Radioshack (RSH)
Wednesday, June 30, 2010 - 4:38pm | 143Shares of Radioshack Corp. (NYSE: RSH) ended the session down by 1.86%, trading at $19.51. The stock appears to have entered into a downtrend in recent trading; the stock is now struggling to hold onto the 200-day moving average. Option trading was favoring the call side today. The July $22.50...
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Puts Purchased on hhgregg Inc. (HGG)
Tuesday, June 29, 2010 - 1:18pm | 144Shares of hhgregg Inc. (NYSE: HGG) are lower on the session by 6.55%, currently trading at $23.96. The stock has been trading largely lower over the past two months, encountering significant resistance around the $30.00 level. Options traders are buying puts today. The July $25.00 put was...
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"Mad Money Lightning Round:" Jim Says BMY Better Than PFE At The Moment
Tuesday, June 29, 2010 - 7:12am | 281In his "Mad Money Lightning Round" on Monday, Jim Cramer said that Palm (NASDAQ: PALM) is no longer a trade as it is going to be acquired soon. He mentioned that traders should now be focused on Apple (NASDAQ: AAPL). Shares of AAPL lost 0.71% in pre-market trading. Although Best Buy (NYSE: BBY)...
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Stock Market News for June 25, 2010 - Market News
Friday, June 25, 2010 - 9:36am | 416Fears about the financial reform regulation and dour outlook from retailers sent stocks into a tailspin Thursday. With unemployment still at a record high and consumer spending still wishy-washy, retailer’s weak forecasts were reflective of concerns that still weigh on the economy. A couple of...
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Retail Stocks Remained The Biggest Sector Decliner Today, Led By BBBY And NKE
Thursday, June 24, 2010 - 2:25pm | 265The US retail sector dropped the most in the broader markets today, led by the lower-than-expected Q2 earnings guidance from Union, New Jersey-based Bed, Bath & Beyond (NASDAQ: BBBY). Warnings about enhanced cost pressures from Nike Inc (NYSE: NKE) also weighed on the sector. Shares of BBBY...