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Afternoon Market Update Palm (NASDAQ: PALM), SanDisk (NASDAQ: SNDK), IBM Corp (NYSE: IBM), Southwest Airlines (NYSE: LUV)
Monday, April 19, 2010 - 3:44pm | 345Shares of Palm (NASDAQ: PALM) continue their volatile movement today, falling 12% so far in the day. Following the recent run-up in shares, today’s sell-off was prompted by the resignation of the company’s software and services chief and the downgrade by Morgan Keegan. Another reason for the sell-...
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Afternoon Market Update Palm (NASDAQ: PALM), SanDisk (NASDAQ: SNDK), IBM Corp (NYSE: IBM), Southwest Airlines (NYSE: LUV)
Monday, April 19, 2010 - 3:44pm | 345Shares of Palm (NASDAQ: PALM) continue their volatile movement today, falling 12% so far in the day. Following the recent run-up in shares, today’s sell-off was prompted by the resignation of the company’s software and services chief and the downgrade by Morgan Keegan. Another reason for the sell-...
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Options Trading Ideas in GameStop (GME): a Cash-Secured Put and a Long Strangle
Monday, April 19, 2010 - 10:23am | 1817GameStop (NYSE: GME) scored an upgrade Friday morning at BB&T Capital Markets. The firm set a 12-month price target of $32, citing decreased competition in the high-margin market of used game sales. BB&T also noted the retailer’s better-than-expected fourth-quarter results as a positive...
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Best Buy May Start Selling Electric Cars (BBY)
Friday, April 16, 2010 - 6:10pm | 150Best Buy (NYSE: BBY) is contemplating selling electric cars at its outlets. According to Leo Raudys, Best Buy’s (BBY) director of environmental affairs, the retailer is “actively talking” with manufacturers. He said, “We are very serious about the business. Electric cars are basically computers on...
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Afternoon Market Update Goldman (NYSE: GS), Best Buy (NYSE: BBY), General Electric Co (NYSE: GE), Boston Scientific (NYSE: BSX)
Friday, April 16, 2010 - 4:39pm | 325The Securities and Exchange Commission has today charged Goldman Sachs Group (NYSE: GS) with defrauding investors. The SEC has alleged that GS created and sold opaque collateralized-debt obligations, or CDOs, that were dependent on the performance of subprime-mortgage-backed securities. According...
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GameStop Upgraded By BB&T Capital Markets
Friday, April 16, 2010 - 10:16am | 54Video game retailer GameStop (NYSE: GME) was upgraded to "buy" from "hold" by BB&T Capital Markets with a $32 price target. BB&T cited declining competition in the high margin used game market and better-than-expected Q4 results and fiscal 2010 guidance as positive catalysts, according to...
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Afternoon Market Update – Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), Ford (NYSE:F), Sirius (NASDAQ:SIRI), TD Ameritrade (NASDAQ:AMTD), E*Trade (NASDAQ:ETFC)
Thursday, April 15, 2010 - 12:28pm | 896Morgan Stanley (NYSE:MS) investment firm has announced a prediction for Bank of America (NYSE:BAC), predicting the American megabank’s stock is poised to rise. The price of the stock, according to Morgan Stanley’s note written to clients on Tuesday, is set to increase during the next 45 days after...
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Afternoon Market Update – Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), Ford (NYSE:F), Sirius (NASDAQ:SIRI), TD Ameritrade (NASDAQ:AMTD), E*Trade (NASDAQ:ETFC)
Thursday, April 15, 2010 - 12:28pm | 896Morgan Stanley (NYSE:MS) investment firm has announced a prediction for Bank of America (NYSE:BAC), predicting the American megabank’s stock is poised to rise. The price of the stock, according to Morgan Stanley’s note written to clients on Tuesday, is set to increase during the next 45 days after...
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Market News – Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS), Best Buy (NYSE:BBY), Starbucks (NYSE:SBUX), Alcoa (NYSE:AA)
Tuesday, April 13, 2010 - 10:06am | 857Bank of America (NYSE:BAC) has announced they’ve hired a former Morgan Stanley (NYSE:MS) executive, Futoshi Ago. The new hire will begin work for BofA’s Merrill Lynch division in Japan, in order to boost their prime mortgage business in the Land of the Rising Sun. It’s been estimated by Deutche...
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Market News – Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS), Best Buy (NYSE:BBY), Starbucks (NYSE:SBUX), Alcoa (NYSE:AA)
Tuesday, April 13, 2010 - 10:06am | 857Bank of America (NYSE:BAC) has announced they’ve hired a former Morgan Stanley (NYSE:MS) executive, Futoshi Ago. The new hire will begin work for BofA’s Merrill Lynch division in Japan, in order to boost their prime mortgage business in the Land of the Rising Sun. It’s been estimated by Deutche...
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Twitter To Start Posting Ads On Search Result Page
Tuesday, April 13, 2010 - 7:01am | 234According to the Wall Street Journal, Twitter Inc will soon start posting ads at the top of search results. The popular San Francisco-based microblogging service will be using the model quite similar to the search-advertising system used by Google Inc (NASDAQ: GOOG) within its search engine. The...
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Retail Sector Moving Up Following An Upgrade By Moody's (BGP, GE, RSH, BBY, BKS, CHS)
Monday, April 12, 2010 - 2:55pm | 355The retail industry has moved into positive territory after Moody's Investors Service upgraded the sector and said that it expects credit conditions to improve for the industry over the next 12 to 18 months. Moody's also expects operating income in the sector to grow in mid-single digits, driven by...
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Technical Alert: Best Buy Co., Inc. (NYSE:BBY) Runs Into Double Top
Monday, April 12, 2010 - 2:16pm | 90Best Buy Co., Inc. (NYSE: BBY) has run into a double top at the $45.50 level. This could be a major level of resistance for the stock and should be watched closely. The stock has soared in recent weeks, from a low of $35.00 just two months ago. Retailers have reported stellar sales recently as...
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Barnes & Noble Ties Up With Best Buy (BCS, BBY, AMZN, SNE)
Monday, April 12, 2010 - 2:15pm | 197Barnes & Noble (NYSE: BCS) has ramped up its distribution channels for its e-book reader Nook. The company has entered into a deal with Best Buy (NYSE: BBY). Under the new agreement, Best Buy Inc. (BBY) will offer Nook in 1,070 of its stores starting April 18. This will make the electronic...
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FBR Capital Upgrades BBY To Market Perform
Monday, April 12, 2010 - 8:36am | 49Analysts at FBR Capital upgrade Best Buy (NYSE: BBY) from “underperform” to “market perform.” The price target for BBY is set to $39. Shares of BBY closed at $44.89 on Friday. More Analyst Ratings here.