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Company News for March 26, 2010 - Corporate Summary
Friday, March 26, 2010 - 9:50am | 188• Oracle (NASDAQ:ORCL) reported after the close of yesterday's markets that its fiscal second quarter earnings beat Zacks estimates by two cents, coming in at 38 cents on revenues of $6.4 billion, which topped estimates of $6.3 billion • UBS (NYSE:UBS) said it cut 200 positions in its US brokerage...
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Stock Market News for March 26, 2010 - Market News
Friday, March 26, 2010 - 9:32am | 405After rallying initially, U.S. stocks ended almost unchanged yesterday as renewed concerns about Greece and Portugal’s debt problems weighed on investor sentiment. European Central Bank President Jean-Claude Trichet’s comments that International Monetary Fund’s involvement in Greece’s rescue plan...
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RadioShack (RSH) Evaluating Its Strategic Options
Friday, March 26, 2010 - 8:40am | 94The New York Post, citing people close to the situation, said that RadioShack Corporation (NYSE: RSH) was evaluating its strategic options, which include a share buyback, or even a possible sale of the company. Apparently, the company’s bankers are already talking to private equity firms for a...
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Ctrip.com International And Best Buy Downgraded
Friday, March 26, 2010 - 8:26am | 116Ctrip.com International, Ltd. (ADR) (NASDAQ: CTRP) declined 0.57% to $40.26 in the pre-market session. Ctrip.com International was downgraded today by Kaufman Bros to Hold from Buy and the price target set to $42. CTRP made a new 52 week high at $41.28 in the last trading session. CTRP closed at $...
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Benzinga’s News Roundup (RSH, FRO, VVUS, BVF)
Friday, March 26, 2010 - 7:57am | 294RadioShack Corporation (NYSE: RSH) is considering a sale of the company that could fetch more than $3 billion, according to a Friday report in the New York Post that cited investment bankers close to the situation. RadioShack Corporation increased 5.50% to $23 in the pre-market session. The 52-week...
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Benzinga’s News Roundup (RSH, FRO, VVUS, BVF)
Friday, March 26, 2010 - 7:56am | 294RadioShack Corporation (NYSE: RSH) is considering a sale of the company that could fetch more than $3 billion, according to a Friday report in the New York Post that cited investment bankers close to the situation. RadioShack Corporation increased 5.50% to $23 in the pre-market session. The 52-week...
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Energy, Material Stocks Pull Down US Market From Handsome Gains
Friday, March 26, 2010 - 6:52am | 315After starting the day handsomely, the US market lost most of its day’s gains in the last trading hour. The strengthening US dollar pulled down lots of energy and material names, overshadowing the upbeat results from the retail and technology sectors. Owen Fitzpatrick, head of the US equity group...
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Busy Earnings Day For Best Buy (BBY)
Thursday, March 25, 2010 - 8:43pm | 182Electronics retailer Best Buy (BBY) rose 3.6% today after reporting strong earnings. Fourth quarter earnings jumped 37% to $770 million. EPS came in at $1.86. Best Buy forecast full year earnings between $3.45 to $3.60. CEO Brian Dunn appeared on CNBC's Fast Money this evening. Dunn said "Trends...
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Reduce Your Risk In The Initial Public Offering Market With This IPO ETF
Thursday, March 25, 2010 - 7:56pm | 2056“Everybody loves the romance of an IPO — a company going public with the potential to deliver huge profits to those investors on the ground floor. But the reality of initial public offerings are very different than the storybook version some traders believe. Trying to research these tiny upstarts...
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Market Reversal After Master Level Hit, Insane. (NYSE:SPY), (NYSE:X), (NYSE:JPM), (NYSE:BBY)
Thursday, March 25, 2010 - 4:58pm | 549The markets gapped higher today, surging like the usual fluffy, happy market we have seen since the February 5th, 2010 bottom. Volume was extremely light but a Master Level was lurking according to my hardcore calculations. Over the last two weeks, I had been trying to figure out why, when and...
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Not The Best Time To Buy Best Buy (BBY); Barron’s
Thursday, March 25, 2010 - 3:23pm | 312According to a report by Barron’s, Best Buy Co., Inc. (NYSE: BBY), a specialty retailer of consumer electronics, home office products and entertainment software, is currently enjoying a good run. However, Barron’s believes that it may not continue to enjoy the strong run it has had so far. On...
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Top Performing Industries For March 25 (CONN, BFLY, BBW, STRS, CEA)
Thursday, March 25, 2010 - 3:10pm | 367At 2:32 p.m., Dow gained 62.43, or 0.58%, to 10,898.58, while the broader Standard & Poor's 500 index rose 4.84, or 0.41%, to 1,172.56. The Nasdaq composite index added 14.38, or 0.60%, to 2413.14. The industries that are driving the market today are: Electronics Stores: The top gainer of the...
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Best Buy Co. (BBY) To Face Acid Test Around $45.55
Thursday, March 25, 2010 - 12:56pm | 121Best Buy Co. (NYSE: BBY) surged 5.4% to $43.37 by mid-day trading on Thursday. The world’s largest electronics retailer reported Q4 profit and sales that exceeded analysts’ estimates, bolstered by demand for televisions and laptops. Best Buy Co. (BBY), which has been moving with a higher top and...
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J.P. Morgan Maintains Neutral Rating On Best Buy (BBY)
Thursday, March 25, 2010 - 12:45pm | 157Shares of Best Buy (NYSE: BBY) are trading 5.24% higher today after reporting their quarterly earnings figures. The company reported operating EPS of $1.82 per share compared to $1.61 last year, and above consensus of $1.79. Best Buy (BBY) also issued fiscal year 2011 guidance of $3.45 to $3.60...
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Stock Market News for March 25, 2010 - Market News
Thursday, March 25, 2010 - 9:33am | 547Stocks retreated Wednesday after two days of winning run as sovereign debt worries and a downgrade of Portugal’s credit rating revived concerns about the global economy. Benchmark indexes pulled back from their 18-month highs and the dollar raced to a 10-month high against the euro as investors...