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A Peek Into The Market Before The Trading Starts
Monday, January 10, 2011 - 8:52am | 452Pre-open movers US stock futures are lower this morning. Alcoa Inc (NYSE: AA) is all set to report its quarterly results after the closing bell today. Futures on the Dow Jones Industrial Average dropped 42 points to 11,577 and S&P 500 index futures fell 6.20 points to 1,261. Nasdaq 100 futures...
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Goldman Raises Price Target On Target (TGT)
Monday, January 10, 2011 - 8:14am | 97Goldman Sachs is raising its price target on shares of Target (NYSE: TGT) to $62 from $57. It has a Buy rating on shares. In the research note sent to clients, Goldman writes, "Apparel was the hot category this month, and men's apparel especially was a popular callout. KSS, TJX, SKS and TGT all...
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Goldman Sachs Upgrades Target Corp. To Buy
Monday, January 10, 2011 - 7:49am | 26Goldman Sachs has upgraded Target Corporation (NYSE: TGT) to Buy from Hold and has issued a $62 price target.
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Stock Market News for Jan 7, 2011 - Market News
Friday, January 7, 2011 - 10:33am | 1234On Thursday, markets shed their winning streak to fall marginally lower. Figures of Retailer's sales during the holiday shopping season were disappointing enough to take the indices down. Moreover, weak data about unemployment added to the jitteriness of investors. The Dow Jones Industrial...
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Stock Market News for Jan 7, 2011 - Market News
Friday, January 7, 2011 - 10:06am | 1234On Thursday, markets shed their winning streak to fall marginally lower. Figures of Retailer's sales during the holiday shopping season were disappointing enough to take the indices down. Moreover, weak data about unemployment added to the jitteriness of investors. The Dow Jones Industrial...
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Thursday's Stock Movers (TGT, GPS, NVDA, VRX)
Thursday, January 6, 2011 - 6:36pm | 167A number of stocks were lighting up screens across Wall Street on Thursday. Names that were bleeding red included Gap (NYSE: GPS) and Target (NYSE: TGT), both of which reported weaker than expected same store sales numbers. GPS shares fell 6.88% to $20.70. TGT lost 6.80% to $54.93. Both stocks...
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Spreading Tools in the OX Toolbox 01-06-2011
Thursday, January 6, 2011 - 4:53pm | 875Cusick's Corner SPREADING: it's a way to mitigate time, volatility, and premium risk. Here are some tools to consider utilizing before entering a spread. I usually talk about determining market sentiment first – so use our Chart Patterns tool. For assessing volatility, use the Dragon or...
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Jobless Claims Up, But Trend Still Down - Analyst Blog
Thursday, January 6, 2011 - 12:30pm | 2268Initial Claims for Unemployment Insurance rose by 18,000 last week to 409,000 (last week was also revised up by 3,000, so one could see it as a 21,000 increase). This was slightly worse than the expected level of 405,000. The massive drop during the Christmas week was clearly affected by some...
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Jobless Claims Up, But Trend Still Down - Analyst Blog
Thursday, January 6, 2011 - 11:51am | 2268Initial Claims for Unemployment Insurance rose by 18,000 last week to 409,000 (last week was also revised up by 3,000, so one could see it as a 21,000 increase). This was slightly worse than the expected level of 405,000. The massive drop during the Christmas week was clearly affected by some...
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Stock Market News for Jan 6, 2011 - Market News
Thursday, January 6, 2011 - 10:33am | 1220Reports released yesterday showed a three times jump over economists' expectations regarding job creation in the private sector in December 2010. Positive data from the Institute of Supply Management also boosted investors' confidence. Additionally, on a sectoral basis, the financial sector led a...
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Company News for January 06, 2011 - Corporate Summary
Thursday, January 6, 2011 - 10:33am | 719• Constellation Brands (NYSE:STZ) reported fiscal third quarter earnings of $0.66, ahead of the Zacks Consensus Estimate of $0.61, on revenues of $966 million lower than the Zacks Consensus Estimate of $987 million • Oppenheimer has upgraded ExxonMobil (NYSE:XOM) from "market-perform" to "...
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Retailers Lower On Missed Same Store Sales (TGT, M, AEO, GPS)
Thursday, January 6, 2011 - 10:21am | 168There are a myriad of retailers moving sharply lower this morning on the back of missed December same-store-sales (SSS). Shares of Target (NYSE: TGT) are 5% lower to $55.95 on the back of December SSS rising 0.9%. Analysts expected a rise of 4.0%. Shares of Gap (NYSE: GPS) are down 7% in pre-...
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Company News for January 06, 2011 - Corporate Summary
Thursday, January 6, 2011 - 10:19am | 719• Constellation Brands (NYSE:STZ) reported fiscal third quarter earnings of $0.66, ahead of the Zacks Consensus Estimate of $0.61, on revenues of $966 million lower than the Zacks Consensus Estimate of $987 million • Oppenheimer has upgraded ExxonMobil (NYSE:XOM) from "market-perform" to "...
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Stock Market News for Jan 6, 2011 - Market News
Thursday, January 6, 2011 - 10:07am | 1220Reports released yesterday showed a three times jump over economists' expectations regarding job creation in the private sector in December 2010. Positive data from the Institute of Supply Management also boosted investors' confidence. Additionally, on a sectoral basis, the financial sector led a...
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FDO 1Q11 EPS Below Goldman Sachs/Consensus
Thursday, January 6, 2011 - 9:49am | 71Family Dollar Stores, Inc. (NYSE: FDO) reported 1Q11 EPS of $0.58, below GS/consensus at $0.59/$0.61, Goldman Sachs reports. “The company also reported December SSS of 4%, below expectations,” Goldman Sachs writes. “However, management raised FY EPS guidance and maintained FY11 SSS of +5-7%. We are...