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Market Update June 2nd
Wednesday, June 2, 2010 - 1:07pm | 487Just a quick update on the market conditions. Currently the market has followed through to the upside after the initial gap up. Longer term bias in the market is to the downside but today the current environment is strong. Any long trades must have lower expectations if at all. The volume on...
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Are You Paying Attention??
Tuesday, June 1, 2010 - 9:15pm | 658Sometimes as traders we spend too much of our time focusing on the negative. We spend all of our time going over the trades that didn’t work instead of spending our time on what types of trades are working. The market is filled with repeatable patterns that if you are paying attention you can...
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Fast Money Picks For June 2nd (HPQ, PM, BBY, RTP)
Tuesday, June 1, 2010 - 6:41pm | 137On CNBC's Fast Money, Anthony Scaramucci said that he would buy Hewlett-Packard Company (NYSE: HPQ) on Wednesday. Hewlett-Packard Company (HPQ) fell 0.93% and closed at $45.58. Karen Finerman is a buyer of Philip Morris International Inc. (NYSE: PM) and Joe Terranova likes Best Buy Co., Inc. (NYSE...
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A Look Under The Hood: PowerShares Private Equity ETF
Tuesday, June 1, 2010 - 3:21pm | 295After a little break induced by the financial crisis, private equity appears to be on its way back. Take a look at the headlines involving the auction for Radio Shack (NYSE: RSH) and you'll see a variety of private equity titans standing by ready to acquire the electronics retailer. M&A...
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Put Volume Grows on Conns Inc. (CONN)
Tuesday, June 1, 2010 - 2:00pm | 105Shares of Conns Inc. (NASDAQ: CONN) are lower on the session by 3.48%, currently trading $7.22. The stock has been selling off over the past few weeks and is now trading below the 50-day and 200-day moving averages. Put volume is growing on the name today; though the action has been mostly small...
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News Summary
Tuesday, June 1, 2010 - 12:45pm | 361In China, striking workers who have paralyzed Honda Motor Company’s (NYSE: HMC) production lines have been offered a 24% pay hike and benefits by the company. However, production at Chinese plants will remain halted till at least June 3 as some holdouts are still not satisfied. The walkout at Honda...
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Calls Sold on hhgregg Inc. (HGG)
Friday, May 28, 2010 - 11:20am | 135Shares of hhgregg Inc. (NYSE: HGG) are higher on the session by 5.80%, currently trading $30.66. This comes after the company missed on their EPS, but beat on revs and guided higher. The stock has been a relative outperformer as of late and has managed to hold the 50-day moving average, which is a...
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HHGregg (HGG) Up 9% On Earnings And Guidance News
Thursday, May 27, 2010 - 4:49pm | 118Shares of HHGregg Inc (NYSE: HGG) closed Thursday trading up 8.87% at $28.98 per share. Volume of 699,172 shares was nearly double the daily average volume of 321,573 shares. The day's trading range for shares of HHGregg Inc was between $27.00 and $29.14 per share. Earlier on Thursday morning,...
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HHGregg (HGG) Same Store Sales Down 4.8%
Thursday, May 27, 2010 - 8:01am | 107HHGregg Inc (NYSE: HGG) on Thursday morning released financial results that missed Wall Street expectations. HHGregg Inc reported that its fiscal 4th quarter net income fell to $10 million, or 25 cents per share, down from $13.9 million, or 42 cents per share, a year earlier. Net sales climbed 14.4...
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Conn's (CONN) Sales And Income Plunge
Thursday, May 27, 2010 - 7:32am | 82Retailer Conn's Inc (Nasdaq: CONN) released financial results on Thursday morning that beat Wall Street estimates. Conn's Inc reported that its fiscal 2011 1st quarter net income fell to $5.5 million, or 25 cents per share, down from $11.4 million, or 50 cents per share, a year earlier. Revenue...
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2 Great Companies With Significant Long Term Challenges
Thursday, May 27, 2010 - 3:14am | 469These 2 stocks are great investments for the short term but are facing significant challenges to remain competitive over a longer time period. Gamestop (GME) is slightly undervalued at $22 dollars a share. Shares trade at just 8 times this year’s earnings and earnings are expected to grow 10% over...
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2 Great Companies With Significant Long Term Challenges
Thursday, May 27, 2010 - 3:14am | 469These 2 stocks are great investments for the short term but are facing significant challenges to remain competitive over a longer time period. Gamestop (GME) is slightly undervalued at $22 dollars a share. Shares trade at just 8 times this year’s earnings and earnings are expected to grow 10% over...
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Piper Keeps its Overweight Rating for hhgregg (HGG)
Wednesday, May 26, 2010 - 4:21pm | 158With hhgregg, Inc. (NYSE: HGG) releasing its earnings tomorrow, Piper Jaffray reiterated its Overweight rating for the company, holding to its $32 price target. The analysts believe that "government stimulus for appliances during the quarter and [approximately] 30% estimated square footage growth...
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Bear Tracks 05-21-2010
Friday, May 21, 2010 - 3:58pm | 934Cusick’s Corner The market bounced impressively this morning. But I am in no mood to sugar coat this move -- the market is in a bear trend. AAII sentiment data is one major piece of information that I monitor which supports a bearish trend debate. AAII polled independent investors on their...
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Puts Are Your Friend (Again) 05-20-2010
Thursday, May 20, 2010 - 3:11pm | 755Cusick’s Corner In markets like these, puts are your friend. The market’s jitters have turned into a barrage of selling in all major sectors. The SPX broke through the 200-Day Simple Moving Average [SMA]. A stock or index trading below the 200-Day SMA is generally considered to be in a downtrend...