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UPDATE: Google, Citi, MasterCard, First Data and Sprint Team up on Mobile Payment Technology
Thursday, May 26, 2011 - 12:29pm | 880At an event today, Google (NASDAQ: GOOG), Citi (NYSE: C), MasterCard (NYSE: MA), First Data and Sprint (NYSE: S) announced and demonstrated Google Wallet, an app that will make your phone your wallet so you can tap, pay and save money and time while you shop. For businesses, Google Wallet is an...
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From Indiana U To For Profit Education?
Thursday, May 26, 2011 - 12:00pm | 382At the Ira Sohn Conference, Sunjay Gorawara, a senior from Indiana University won the stock picking contest out of hundreds of applicants, with his pick, a surprising choice, especially for him. Gorawara chose a competitor to the public education sector, Bridgepoint Education, Inc. (NYSE: BPI), a...
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Calls Purchased on hhgregg, Inc.
Thursday, May 26, 2011 - 10:26am | 134Shares of hhgregg, Inc. (NYSE: HGG) are higher on the session by 12.96%, currently trading at $14.64. The stock has been moving largely lower over the past six months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago...
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Top Narrow Based Indexes For May 26
Thursday, May 26, 2011 - 10:26am | 193By 10:23 am, the Dow Jones Industrial Average was down 63.65 points, or 0.51%, to 12,331.01, while the broader Standard & Poor's 500 index had dropped 4.88 points, or 0.37%. The NASDAQ composite index rose 0.27 point, or 0.01%. Some of the narrow based indexes that are supporting the markets...
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Goldman Sachs Downgraded RadioShack to Neutral
Thursday, May 26, 2011 - 9:09am | 157Goldman Sachs downgraded its rating on RadioShack (NYSE: RSH) to Neutral from Buy. In a research report published today, Goldman named RadioShack's Q1 results for its decision. In the report, Goldman states, "We downgrade RSH to Neutral from Buy. In the wake of revisions following RSH's 1Q report...
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Joel Greenblatt: One Bubble After Another
Thursday, May 26, 2011 - 8:40am | 436Joel Greenblatt, of Gotham Asset Management, spoke at the Ira Sohn Conference yesterday, and said that we have been in one continuing bubble since 2000, just different kinds of bubbles. Since 2000, we have experienced the Internet bubble, which led to the NASDAQ crashing some 50%, of which it...
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Earnings Roundup For May 26
Thursday, May 26, 2011 - 8:40am | 1113H.J. Heinz Co (NYSE: HNZ) reported its fourth-quarter profit at $223.9 million, or $0.70 per share, up from $192.4 million, or $0.61 per share, in the year-earlier period. Its income from continuing operations climbed to $0.69 per share from $0.60 per share. Breaking out closing costs of $0.02 per...
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Benzinga's Top Downgrades
Thursday, May 26, 2011 - 8:36am | 106Analysts at FBR Capital downgraded Lululemon Athletica Inc (NASDAQ: LULU) from “market perform” to “underperform.” LULU's shares closed at $97.58 yesterday. LULU's PEG ratio is 1.89. Analysts at Auriga downgraded Juniper Networks Inc (NASDAQ: JNPR) from “buy” to “hold.” JNPR's shares closed at $36...
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Goldman Sachs Downgrades RadioShack from Buy to Neutral
Thursday, May 26, 2011 - 7:06am | 19Goldman Sachs is downgrading RadioShack (NYSE: RSH) from Buy to Neutral.
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US Stock Futures Up As Investors Await Jobless Claims, GDP Data
Thursday, May 26, 2011 - 6:16am | 568US stock futures are higher this morning, as investors are awaiting data on jobless claims and first-quarter economic growth. Futures on the Dow Jones Industrial Average surged 29 points to 12,380.00 and futures on the S&P 500 stock index rose 2.70 points to 1,319.30. Nasdaq 100 futures gained...
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Earnings Scheduled For May 26
Thursday, May 26, 2011 - 12:45am | 491Big Lots Inc (NYSE: BIG) is projected to report its Q1 earnings at $0.69 per share on revenue of $1.23 billion. Fred's Inc (NASDAQ: FRED) is expected to post its Q1 EPS at $0.24 on revenue of $485.05 million. Tiffany & Co (NYSE: TIF) is projected to report its Q1 EPS at $0.57 on revenue of $...
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Earnings Roundup For May 25
Wednesday, May 25, 2011 - 8:54am | 863Costco Wholesale Corp (NASDAQ: COST) reported a 5.9% rise in its fiscal third-quarter net profit on Wednesday. Costco reported its quarterly net profit at $324 million, or $0.73 per share, up from $306 million, or $0.68 per share, in the year-earlier period. Its revenue surged 16% to $20.19 billion...
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UPDATE: Conn's Reports Upbeat Q1 Profit
Wednesday, May 25, 2011 - 7:11am | 79Conn's Inc (NASDAQ: CONN) reported a better-than-expected first-quarter profit on Wednesday. Conn's reported its quarterly net income at $4 million, or $0.13 per share, versus $5.8 million, or $0.26 per share, in the year-ago period. Conn's revenue dropped 4.3% to $189.3 million. However, analysts...
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Earnings Scheduled For May 25
Wednesday, May 25, 2011 - 1:29am | 424Polo Ralph Lauren Corp (NYSE: RL) is expected to post its Q4 earnings at $0.79 per share on revenue of $1.39 billion. Hormel Foods Corp (NYSE: HRL) is estimated to report its Q2 earnings at $0.40 per share on revenue of $1.82 billion. Netapp Inc (NASDAQ: NTAP) is estimated to post its Q4 EPS at...
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Is the Buck Badgering the Market? 05-24-2011
Tuesday, May 24, 2011 - 6:16pm | 884Cusick's Corner The Buck firmed into the close while Finance, XLF (thanks Citi +.35 and 9% of the XLF) was the strongest of the offensive sectors, this segment is just off its lows. We may have a consolidation forming in front of the long weekend. In the Commodity markets there was a nice...