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A Look Ahead: Next Week ETF's To Watch (CORN, QIW, RTH, VWO)
Friday, June 10, 2011 - 3:53pm | 355Ugly. There's no other way to characterize a market where stocks are careening toward another weekly loss and have only risen once in the past eight days. Simply put, this has become a confounding market for the bulls. At the sector level, there is precious little worth embracing right at this...
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Calls Purchased on RadioShack Corporation
Friday, June 10, 2011 - 2:45pm | 123Shares of RadioShack Corporation (NYSE: RSH) are lower on the session by 1.01%, currently trading at $12.70. The stock has been moving largely lower over the past six months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while...
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RadioShack and Smith & Wesson Open to 52-Week Lows
Friday, June 10, 2011 - 10:34am | 224Following today's open bell, RadioShack (NYSE: RSH) and Smith & Wesson (NASDAQ: SWHC) fell to new 52-week lows of $12.64 and $3.10 per share, respectively. RadioShack was initiated as Underweight at Barclays this week. The company has a market cap of $1.3 billion and is a leading consumer...
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The Lower The Better
Friday, June 10, 2011 - 6:49am | 831It's well understood that value investors prefer the stock price to be as low as possible before they buy in. But what isn't so obvious is what is desired of the stock once the investment has been made. The natural inclination for almost all investors is to hope that the stock price rises...
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Deutsche Bank Maintains Buy Rating on Best Buy
Thursday, June 9, 2011 - 8:49am | 84Best Buy's (NYSE: BBY) stock has fallen 8% since hitting a recent high on May 31, compared to the market down 4% and the retail index down 5%, Deutsche Bank reports. “This suggests expectations for a miss,” Deutsche Bank writes. “BBY will report 1Q11 (May 2011) on June 14th. Consensus EPS is $0.33...
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Jefferies Expects Soft Sales in Q1 for Best Buy
Thursday, June 9, 2011 - 8:02am | 94According to a recent report, Jefferies expects soft sales in Q1 for Best Buy (NYSE: BBY) and anticipate domestic comp store sales to decline by 3-5%. Jefferies maintains a Hold rating on Best Buy and a $31.00 price target on the company. In the report, Jefferies said, "Results toward the upper...
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Deutsche Bank Maintains Buy on Best Buy
Thursday, June 9, 2011 - 7:20am | 131Deutsche Bank is out with its report today on Best Buy (NYSE: BBY), maintaining Buy. In a note to clients, Deutsche Bank writes, "Best Buy's stock has fallen 8% since hitting a recent high on May 31, compared to the market down 4% and the retail index down 5%. This suggests expectations for a miss...
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PMI Group and RadioShack Hit 52-Week Lows
Tuesday, June 7, 2011 - 4:07pm | 200Today, PMI Group (NYSE: PMI) and RadioShack (NYSE: RSH) fell to new 52-week lows of $1.18 and $13.27 per share, respectively. PMI Group was just initiated with a Negative rating at Susquehanna. The company has a market cap of $194.7 million and is one of the largest providers of mortgage insurance...
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Fed Chief Speaks Before Close 06-07-2011
Tuesday, June 7, 2011 - 3:43pm | 906Cusick's Corner Not surprised with the bounce into the Midday -- it would be surprising if it garners any momentum. Fed Chief is speaking this afternoon, right at the close, but I doubt that he will douse any fuel on the markets, i.e. QE talk. I will watch the action into the close because that...
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Goldman Sachs Neutral On Best Buy
Tuesday, June 7, 2011 - 7:58am | 124Goldman Sachs has a Neutral rating and a $34 price target on shares of Best Buy Company, Inc. (NYSE: BBY). In a note to clients, Goldman writes, "The next several quarters for BBY are likely to trend better than the past two, but a combination of protracted strategic challenges and short-term...
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Life Time Fitness and Best Buy Team up to Provide Life Time Members Monthly Dues Savings with Purchase of Best Buy Gift Cards
Friday, June 3, 2011 - 10:58am | 253Life Time Fitness (NYSE: LTM) and Best Buy (NYSE: BBY) today announced that Life Time members now can save on their monthly membership dues with the purchase of Best Buy gift cards. Offered through Life Time's Member Advantage price club, members now can receive a $5 or $10 dues credit,...
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Best Buy Jumping On Ackman Rumors
Friday, June 3, 2011 - 9:58am | 100Best Buy Co., Inc. (NYSE: BBY) shares are jumping higher this morning, well off their session lows on rumors that Bill Ackman is going to file a significant stake in the company later today. Ackman spoke at the Ira Sohn conference last week and announced a position in Family Dollar (NYSE: FDO),...
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J.P. Morgan Lowers PT but Remains Neutral on HGG
Friday, May 27, 2011 - 8:10am | 93According to a recent report, J.P. Morgan has lowered the price target of hhgregg (NYSE: HGG) from $19.00 to $18.00 and reiterate a Neutral rating on the company. In the report, J.P. Morgan said, "We don't believe the stock will start to get the benefit of the doubt until the back half of this...
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Piper Jaffray Maintaining Neutral On hhgregg
Friday, May 27, 2011 - 7:42am | 133Piper Jaffray is maintaining its Neutral rating and $18 price target on shares of hhgregg, Inc. (NYSE: HGG). In a note to clients, Piper Jaffray writes, "We are maintaining our Neutral rating and $18 PT based on 14x our F12E EPS of $1.31. HGG's Q4 EPS of $0.39 easily topped PJC and consensus of...
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JP Morgan Lowers PT On hhgregg To $18
Friday, May 27, 2011 - 6:28am | 26JP Morgan has lowered the price target on hhgregg (NYSE: HGG) from $19 to $18 and maintains its Neutral rating.