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Company News for June 24, 2010 - Corporate Summary
Thursday, June 24, 2010 - 10:14am | 446• Bed Bath & Beyond (NASDAQ: BBBY) reported earnings of 52 cents a share, up from Zacks estimates of 48 cents on revenues of $1.92 billion, versus Zacks projections of $1.89 billion • Nike (NYSE: NKE) fiscal fourth quarter earnings came in at $1.06, in-line with Zacks estimates on inline...
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Finerman likes Best Buy (BBY)
Wednesday, June 23, 2010 - 5:12pm | 107On CNBC’s Fast Money, Karen Finerman recommended that investors get long retail stocks. Finerman specifically likes Best Buy (BBY). She bought shares of Best Buy today because the stock looks cheap. Shares of Best Buy are trading at just 10 times earnings. She thinks that retail stocks are priced...
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Waiting for Money to be Sitting in the Corner
Monday, June 21, 2010 - 4:44pm | 693Our job as traders is to make money when its available. It is the markets job to provide this opportunity even if its 10 minutes or 3 hours. Today many of the stocks on our list set up very nicely and many of our traders killed it today when the money was there to be made. As we had posted on...
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Technology Group Regains Some Lost Ground Despite European Woes: Jefferies
Friday, June 18, 2010 - 11:44am | 240Analysts at Jefferies “believe the continuing strength in pricing will somewhat offset the negative FX impact on Google's net revenues, and remain positive on the name.” The analysts say, “We note that NWS has already started offering short-term online access plans for its UK-based newspaper Times...
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Technology Group Regains Some Lost Ground Despite European Woes: Jefferies
Friday, June 18, 2010 - 11:44am | 240Analysts at Jefferies “believe the continuing strength in pricing will somewhat offset the negative FX impact on Google's net revenues, and remain positive on the name.” The analysts say, “We note that NWS has already started offering short-term online access plans for its UK-based newspaper Times...
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Goldman Lowers Price Target For Best Buy (GS, BBY)
Wednesday, June 16, 2010 - 3:29pm | 122Goldman Sachs has maintained its ‘Buy’ rating for Best Buy (NYSE: BBY). The company missed its estimates for the first quarter, but it is likely to post in-line results in the future. Its gross profits exceeded expectations even excluding one-time benefits. However, its expenses were disappointing...
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Stock Market News for June 16, 2010 - Market News
Wednesday, June 16, 2010 - 9:42am | 478Easing global economic worries and a rallying euro sent stocks sharply higher on Tuesday, with industrial and technology companies leading the advance. Solid demand for European debt helped clam jitters that Europe’s finances are in trouble and would weigh on the global economic rebound. After a...
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June 16th Pre-Market
Wednesday, June 16, 2010 - 9:12am | 353After yesterdays break of the 111 level in the Spys we look like we may be testing that level on today’s open. As we have said this is the 200ma on the daily and a very important level to watch. The market is opening weak based on the disappointing forecast for FedEx, which has tumbled 2.8% in...
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US Stocks, Led By Broad Market Rally, Soared Yesterday
Wednesday, June 16, 2010 - 6:50am | 221US stocks finished deep in the black yesterday, as the markets gained strength, driven by the S&P 500 crossing its 200-day moving average. The euro also surged beyond $1.23, reflecting investor confidence in Europe's ability to resolve the sovereign debt crisis. The Dow Jones Industrial Average...
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Is There Trouble At Gamestop (GME)
Tuesday, June 15, 2010 - 9:34pm | 139Is it finally time to start unloading shares of Gamestop (GME)? Gamestop dropped 5% today to close just above $20. Gamestop's shares dropped on news that Best Buy (BBY)is going to start selling used video games. Used video game sales represent a significant portion of Gamestop's revenue. Amazon (...
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Small Caps Missing Bounce 06-15-2010
Tuesday, June 15, 2010 - 3:13pm | 790Cusick’s Corner The market has bounced nicely into the Midday, with Finance, XLF, and Energy, XLE, sectors leading the advance in challenging the longer-term resistance represented by the 200 Simple Moving Average [SMA]. What is concerning about this rally is that we are not getting bullish...
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Momentum Building 06-14-2010
Tuesday, June 15, 2010 - 3:08pm | 692Cusick’s Corner What a difference a weekend makes. With the Euro up and the Eurozone up, the market continues a nice bullish trend into the Midday. The major market averages are challenging resistance, SPX 1100, and if we can get some momentum into the After Hours, this rally could garner some...
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Technology Sector Up Today, PC Stocks In The Lead
Tuesday, June 15, 2010 - 2:38pm | 311The technology sector is in the black today, with computer-manufacturers leading the gains. The largest electronics retailer in the US, Best Buy Company Inc (NYSE: BBY), reported mixed results today, which pointed towards an improvement in the sales of products like notebook PCs. Ahead of the...
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Afternoon Market Update (BBY, RTP, DELL, MSFT, GOOG, INTC, AAPL)
Tuesday, June 15, 2010 - 2:12pm | 232Retail stocks moved up gradually as manufacturing activity in the New York region indicated an improvement in the business conditions in June. However, the top US electronics retailer, Best Buy Co (NYSE: BBY), dropped 5.7% to $38.71 as it announced its FQ1 profits and sales short of the...
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Standpoint Research Downgrades Gamestop (GME)
Tuesday, June 15, 2010 - 12:23pm | 156Standpoint Research has downgraded shares of Gamestop (NYSE: GME) from Buy to Hold. Gamestop (GME) is getting hammered today, after Best Buy (NYSE: BBY) reported worse than expected earnings results, and said it is entering the used vide game space, where it will compete with Gamestop (GME)....