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Company News for June 15, 2010 - Corporate Summary
Tuesday, June 15, 2010 - 10:18am | 212• Best Buy (NYSE:BBY) posted fiscal first quarter earnings of 36 cents a share, versus Zacks estimates of 50 cents, on revenues of $10.8 billion which came in below estimates of $10.95 billion • CBOE Holdings (NASDAQ:CBOE) priced its initial offering late Monday at the top end of its $27-$29 range...
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Early Morning Rundown
Tuesday, June 15, 2010 - 9:21am | 456Just a quick overview of what I am looking at this morning. The SPY seems to be opening up strong with it currently trading in the 110.35 area. The pre-market high is 110.50 with the low being 109.47. These will be the areas that I will be watching in the first 10-15 minutes after the open. If...
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ETFs To Watch June 15, 2010 (XLE, VNM, EUO, MOO)
Tuesday, June 15, 2010 - 5:42am | 260Here is the ETF Professor's ETF Watch List for Tuesday June 15, 2010. Play Best Buy's (NYSE: BBY) earnings report with the Consumer Discretionary Select Sector SPDR (NYSE: XLY). With oil executives headed to Capitol Hill, energy ETFs will be in play in a big way. Keep an eye on the Oil Services...
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Goldman Sachs Reiterates Buy Rating On Best Buy (BBY)
Monday, June 14, 2010 - 12:22pm | 138Goldman Sachs (NYSE: GS) released a client note on Best Buy (NYSE: BBY) this morning. The firm's analysts said that the company needs to address three key strategic questions going forward. They are 1) How will the firm generate gross margin expansion? 2) Does BBY have sales visibility into its TV...
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JP Morgan Lowers Estimates for Best Buy (BBY)
Monday, June 14, 2010 - 9:04am | 101JP Morgan analysts Christopher Hovers, Aaron Goldstein, and Jeffery Wimmer lowered EPS estimates for Best Buy (NYSE: BBY) from to $0.48 from $0.54 vs. a consensus of $0.50. They said, "We believe BBY benefited from continued growth in wireless, PCs, appliances (lifted by the government rebate...
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Trading Cautiously with Cash-Secured Puts
Monday, June 14, 2010 - 8:22am | 1790Contemplating dipping your toe into the market? If you are one of those traders who has been sitting in cash altogether or is thinking about adding to your existing positions, some options strategies may offer an alternative to buying stock outright. This may be especially true if you are feeling...
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WHAT’S ON TAP?
Sunday, June 13, 2010 - 12:23am | 1230For the week of June 14th (in conjunction with Econoday): The week is bombarded with economic news and we’ll get our first taste of Q2 earnings reports. Let’s take a look at what’s on tap: Monday -No major economic or earnings news. Tuesday – Best Buy (BBY) reports earnings before the bell and...
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Late Day Short-Covering 06-11-2010
Friday, June 11, 2010 - 6:31pm | 787Cusick’s Corner Today’s report of an unexpected drop in May retail sales was balanced later by an unexpected increase in consumer sentiment. Today’s trading range was relatively tight, volume was light, but all major stock indices closed higher possibly due to some end-of-day short covering. The...
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Top Performing Industries For June 11 (CONN, COCO, BKI, PLA)
Friday, June 11, 2010 - 11:39am | 236At 10:15 a.m., the Dow lost 17.46, or 0.17%, to 10,155.07 and the broader Standard & Poor's 500 index dipped 0.57, or 0.05%, to 1,086.27. Meanwhile, the NASDAQ composite index rose 10.83, or 0.49%, to 2,229.54. The industries that are driving the market today are: Electronics Stores: The top...
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Retailers Weak Today (XRT, TLB, ANN, ANF, JCG, BBY)
Tuesday, June 8, 2010 - 10:47am | 119Retailers are showing weakness today with the SPDR S&P Retail ETF (NYSE: XRT) down 42 cents, or 1.11%, to $37.34. Talbots (NYSE: TLB) is lower by more than 8 percent after reporting earnings that beat expectations and guiding fiscal 2011 EPS above expectations. Othere weak retailers are:...
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trading your pre planned ideas
Monday, June 7, 2010 - 10:17pm | 594My plan today was a short bias on the markets and to sell stocks in my list that showed weakest on the daily charts, such as AK Steel (AKS) and Best Buy (BBY). Looking at Fridays trading, I planned two scenarios that I felt had high probabilities of playing out. The markets where either going to...
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Don’t Give Up on Your Good Ideas.
Monday, June 7, 2010 - 5:20pm | 845As we have discussed before coming into the day with a game plan of your expectations for the day is probably one of the most important things for a trader. It gives you some structure for the day and you are able to spend the day executing your plan instead of looking for trades. The key is...
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Retail Stock Roundup (BBY, JWN, ANF, M)
Friday, June 4, 2010 - 3:28pm | 203A huge sell off has swept over Wall Street today, sending the Dow Jones Industrial Average plummeting 300 points to 9,956 with about a half hour left during the trading week. Retail stocks were among the market leaders during the run up in share prices over the last year, but are among the biggest...
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Triple-Net Commercial Real Estate Dividends
Friday, June 4, 2010 - 9:39am | 194While there is still a glut of poor performing commercial real estate on the market these days, those who invest in triple-net properties are enjoying better times. Triple-net leases are long-term contracts in which the tenants take responsibility for maintenance, taxes and insurance on the...
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Late Market Roundup (DFT, AA, XOI, XNG, BBY, GS)
Thursday, June 3, 2010 - 2:35pm | 364The Dow Jones Industrial Average swung to the negative territory as its economically sensitive industrial and materials components lost ground. Although the Dow was nearly flat in the morning session, it was trading down 42.40, or 0.41%, at 10207.14 by 12:57 pm. DuPont (NYSE: DFT) and Alcoa (NYSE:...