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Initial Jobless Claims Plunge - Analyst Blog
Wednesday, November 24, 2010 - 11:01am | 1976Initial Claims for Unemployment Insurance fell by 34,000 last week to 407,000 (last week was also revised up by 2,000, so one could see it as a 32,000 decline). This was much better than the expected level of 442,000. We can give thanks that we have be able to get out of the “trading range” that...
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How To Play Black Friday (TGT, BBY, WMT)
Wednesday, November 24, 2010 - 10:27am | 121Black Friday is one of, if not the biggest shopping day of the year. If you believe that shoppers will be going nuts and spending out of their minds this holiday season, then why not put a little coin in your pocket at their expense? Stores like Target (NYSE: TGT), Wal-Mart (NYSE: WMT) and Best...
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Fred's Has 3Q EPS Beat
Wednesday, November 24, 2010 - 8:15am | 100FRED's (NASDAQ: FRED) beat 3Q EPS guidance according to a Morgan Keegan report published yesterday. FRED's 3Q EPS of $0.20 was ahead of Morgan Keegan/the Street's estimate of $0.18. Morgan Keegan notes higher gross margin and a lower tax rate than expected as the reasons for the beat. Morgan Keegan...
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Morgan Keegan Raises PT on Fred's, Inc. (FRED)
Wednesday, November 24, 2010 - 7:56am | 21Morgan Keegan raises its price target on Fred's, Inc. (NASDAQ: FRED) from $14 to $16.
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A Peek Into The Market Before The Trading Starts
Wednesday, November 24, 2010 - 7:31am | 488Pre-open movers US stock futures are higher, this morning as investors are awaiting economic data. Futures on the Dow Jones Industrial Average gained 11 points to 11,025, while S&P 500 futures moved up 2.10 points to 1,180.40. Nasdaq 100 futures rose 4.75 points to 2,124. A Peek Into Global...
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J.P. Morgan Neutral On Fred's, Inc. (NASDAQ)
Wednesday, November 24, 2010 - 6:45am | 180J.P. Morgan Chase & Co. has a Neutral rating and a $12 price target on Fred's, Inc. (NASDAQ: FRED). In a note sent to investors, J.P. Morgan writes, "Fred's stock has become more intriguing recently with an impressive margin performance in 3Q, a solid balance sheet, and a number of top-line...
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Initial Jobless Claims Plunge - Analyst Blog
Wednesday, November 24, 2010 - 5:04am | 1976Initial Claims for Unemployment Insurance fell by 34,000 last week to 407,000 (last week was also revised up by 2,000, so one could see it as a 32,000 decline). This was much better than the expected level of 442,000. We can give thanks that we have be able to get out of the “trading range” that...
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A Peek Into The Market Before The Trading Starts
Tuesday, November 23, 2010 - 7:33am | 485Pre-open movers US stock futures are lower, this morning after exchange of artillery fire between North and South Korea. Futures for the Dow Jones Industrial Average declined 45 points, or 0.40%, to 11,120, while S&P 500 futures dropped 11.40 points, or 0.95%, to 1,187. Futures for the Nasdaq...
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Fred's Third Quarter EPS $.20
Tuesday, November 23, 2010 - 7:19am | 54Fred's, Inc. (NASDAQ: FRED) today reported financial results for the third quarter and nine months ended October 30, 2010. For the third quarter of 2010, Fred's net income increased 55% to $7.8 million or $0.20 per diluted share compared with net income of $5.0 million or $0.13 per diluted share...
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Earnings Scheduled For November 23 (TIVO, HRL, CPB, JCG, GES, MDT, ATV, BWS, DAKT, FRED, HI)
Tuesday, November 23, 2010 - 3:58am | 291TiVo (NASDAQ: TIVO) is expected to post Q3 loss of $0.17 per share on revenue of $41.41 million. Hormel Foods Corp (NYSE: HRL) may report its FQ4 EPS at $0.79 on revenue of $1.88 billion. Campbell Soup Company (NYSE: CPB) is likely to report its FQ1 EPS at $0.84 on revenue of $2.20 billion. J. Crew...
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Managing Equity with Phil Laverson, Equity Portfolio Manager at Matrix LLC
Monday, November 22, 2010 - 2:20pm | 2542Today our guest is Phil Laverson, an equity portfolio manager at Matrix LLC, a family-based hedge fund with over $500 million in assets. Direct Download Subscribe in iTunes How are you today Phil? I'm good, how about yourself? I'm good. Why don't you tell our listeners a little bit about...
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Stretch Your Pennies with this Stock
Monday, November 22, 2010 - 10:14am | 946There is no doubt that consumers hurt by the recession want to stretch their dollars. And when it comes to investing in small-cap companies, being a frugal shopper is even more important. That's because it's possible to pay too much for even the best...
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Stretch Your Pennies with this Stock
Monday, November 22, 2010 - 10:14am | 946There is no doubt that consumers hurt by the recession want to stretch their dollars. And when it comes to investing in small-cap companies, being a frugal shopper is even more important. That's because it's possible to pay too much for even the best...
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Dollar Tree Beats on Solid Sales - Analyst Blog
Monday, November 22, 2010 - 9:30am | 691Dollar Tree Inc. (DLTR) reported third quarter earnings per share of 73 cents, beating the Zacks Consensus Estimate of 62 cents and the prior-year figure of 51 cents. The quarter was aided by robust sales attributable to increased traffic and higher average ticket. The company reported...
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Top Picks For Black Friday (TGT, ANF)
Monday, November 22, 2010 - 9:20am | 74An analyst at Piper Jaffray is on CNBC, and he is discussing some top picks for Black Friday. He likes Target (NYSE: TGT) and Abercrombie & Fitch (NYSE: ANF), ahead of one of the busiest shopping days of the year. He has a $62 price target on Target shares. Shares of TGT closed at $56.31 and...