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Best Buy Co., Inc. (NYSE: BBY) Rises After Results
Thursday, March 25, 2010 - 8:18am | 163Best Buy Co., Inc. (NYSE: BBY) reported today a fourth-quarter profit of $779 million, or $1.82 per share, as compared to $570 million, or $1.35 per share, for the same quarter last year. Sales climbed to $16.6 billion, as compared to $14.7 billion in the year ago period. Analysts on an average had...
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Top 5 Stocks For March 25, 2010 (BBY, CAG, SCHL, ORCL, ACN)
Thursday, March 25, 2010 - 6:31am | 277Analysts expect big box electronics retailer, Best Buy Co (NYSE: BBY), to post an EPS of $1.79 for the latest quarter. BBY is set to announce its results before the opening bell. BBY gained 0.34% to $41.32 in after hours trading. Read more about this company here. Wall Street expects ConAgra Foods...
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ETFs To Watch March 25, 2010 (BRF, DTO, XRT, EUO)
Thursday, March 25, 2010 - 3:32am | 237Here is the ETF Professor's ETF Watch List for Thursday March 25, 2010. Play Best Buy's (NYSE: BBY) earnings report with the SPRD Retail ETF (NYSE: XRT). The Market Vectors Gold Mining ETF (NYSE: GDX) lost nearly 4% on Wednesday, making it worth a look on Thursday. The Professor thinks the Market...
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Picking the Right Retail ETF (XRT, RTH, PMR)
Wednesday, March 24, 2010 - 2:12pm | 354We all know the stock market is climbing a wall of worry, but one sector that epitomizes the old Wall Street adage is the retail stocks. For years I continue to hear the “consumer is dead” and at the same time there are a handful of retail stocks hitting multi-year highs. The SPDR S&P Retail...
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Market Update – Ford Motor Company (NYSE:F), American International Group (NYSE:AIG), Morgan Stanley (NYSE:MS), Goldman Sachs Group (NYSE:GS), Intel Corporation (NASDAQ:INTC)
Tuesday, March 23, 2010 - 10:20am | 1015The Congressional committee on housing, the Federal Housing Committee, is meeting today to decide what the next move is with Fannie Mae and Freddie Mac. The government nationalized the two massive companies during the housing crisis and they have helped stabilize the housing market since then, in...
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Market Update – Ford Motor Company (NYSE:F), American International Group (NYSE:AIG), Morgan Stanley (NYSE:MS), Goldman Sachs Group (NYSE:GS), Intel Corporation (NASDAQ:INTC)
Tuesday, March 23, 2010 - 10:20am | 1015The Congressional committee on housing, the Federal Housing Committee, is meeting today to decide what the next move is with Fannie Mae and Freddie Mac. The government nationalized the two massive companies during the housing crisis and they have helped stabilize the housing market since then, in...
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Volume Talks Monday: A Sirius Reversal
Tuesday, March 23, 2010 - 9:39am | 2912As the market traded higher across the board Monday on lighter volume, there were many stocks which traded higher/lower on above average volume. Today's breakout report is for Monday March 22, 2010. If this is your first time reading one of my breakout reports you'll want to read the section...
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Fast Money Picks For March 23rd (POT, BBY, ORCL, DD)
Monday, March 22, 2010 - 7:31pm | 159Joe Terranova said on CNBC's Fast Money that he thinks that Potash (NYSE: POT) has reached a bottom, temporarily. Terranova recommends a long position in this stock. Potash (POT) gained 1.49% today and closed at $122.96. Guy Adami thinks that it would be wise to go long on Best Buy Co., Inc. (NYSE...
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Janney Capital Markets Raises Best Buy Co (BBY) Fair Value Estimate To $48
Monday, March 22, 2010 - 9:56am | 102Janney Capital Markets analysts David Strasser and Sarang Vora reiterated their Buy rating for shares of Best Buy Co., Inc. (NYSE: BBY) and raised the fair value estimate from $44 to $48. The analysts said that 3D technology would enter the home electronics market and drive up sales and margins....
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Retail, Media & Entertainment Sector Update (BBY, HGG, DIS, DWA, CNK)
Monday, March 22, 2010 - 8:46am | 306Analysts David Strasser and Tony Wible at Janney Capital Markets have a released a report on the Retail, Media & Entertainment sector. The report takes a look at the stocks in the two sectors that stand to benefit from the 3D product cycle. According to the report, 3D technology is seeing big...
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GameStop To Continue Its Expansion (GME, WMT)
Sunday, March 21, 2010 - 8:41pm | 121Rumors are abounding in the market regarding the potential takeover of videogame vendor GameStop Inc. (NYSE: GME). The company recently reported reasonably good earnings numbers and its balance sheet looks robust. The vendor is generating $400 million annually in free cash flow. However, the...
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Carter Worth Says Best Buy Losing Momentum (BBY)
Friday, March 19, 2010 - 5:58pm | 182Carter Worth said on CNBC's Options Action show that it appears as if shares of Best Buy (NYSE: BBY) may be running out of momentum. He cited the fact that the stock has rallied sharply in the last month and did not move appreciably higher after being upgraded at Goldman Sachs yesterday. Worth said...
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Top Performing Industries For March 19 (CNC, HANS, CAJ, BBY, GENT)
Friday, March 19, 2010 - 2:08pm | 346At 1:22 p.m., Dow lost 56.38, or 0.52%, to 10,722.79, while the broader Standard & Poor's 500 index fell 6.66, or 0.57%, to 1,159.16. The Nasdaq composite index moved down 21.11, or 0.88%, to 2370.17. The industries that are driving the market today are: Health Care Plans: The top gainer of the...
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Are You Game For GameStop (GME)?
Friday, March 19, 2010 - 9:49am | 286According to an article in Seeking Alpha, the valuation of GameStop (NYSE: GME) stock seems too good to be true. GameStop is the largest video game retail chain in the world, with 6,457 stores in 17 countries. GME sells video games, gaming hardware including the Xbox 360, PlayStation 3 and...
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Company News for March 19, 2010 - Corporate Summary
Friday, March 19, 2010 - 9:00am | 264• Perry Ellis (NASDAQ:PERY) posted fiscal fourth quarter earnings a nickel above estimates at 64 cents versus a loss of $1.58 a year ago, on revenues of $196.4 million, slightly under estimates of $198.91 million. The retailer said it sees fiscal 2011 earnings of $1.25 to $1.40 • According to the...