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What Straddle Pricing Can Tell Us 08-18-2010
Wednesday, August 18, 2010 - 6:31pm | 799Cusick’s Corner Not much has changed since the Midday, so I will keep this Corner short and sweet. The Claims data that comes out tomorrow morning could add some volatility pre-market, but at this stage it looks like an orderly expiration week. I spent some time looking at straddles today (option...
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Retailers Lead Dow Out of the Red
Wednesday, August 18, 2010 - 3:00pm | 181Driven by rallying retail stocks like Target (NYSE: TGT), Wall Street climbed out of the red and turned solidly higher Wednesday afternoon as the bulls look to add onto Tuesday's triple-digit rally and overcome a mixed batch of corporate earnings. Today’s Markets As of 1:23 p.m. ET, the Dow Jones...
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Sector Leaders 08-18-2010
Wednesday, August 18, 2010 - 2:49pm | 903Cusick’s Corner Walking into the Midday, all major Equity Indices are positive with clear leadership to the upside in Tech, QQQQ, Commodities, MOO/COW, and Retail, XRT/TGT. We want to see if the rest of the market starts to exhibit this strength to the upside into the After Hours. We are still...
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Piper Jaffray Releases Q2 Earnings Preview Of Dollar Tree Stores (DLTR)
Wednesday, August 18, 2010 - 11:49am | 171Piper Jaffray published a note, where it reiterates its “overweight” rating on shares of Dollar Tree Stores (DLTR); it has also set a price target of $46.00 on the stock. DLTR plans on releasing its Q2 earnings report on Thursday August 19th. The analysts at Piper Jaffray are estimating Q2 EPS in...
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Afternoon Market Update (SWY, TGT, BJ, CHS, XOMAD)
Wednesday, August 18, 2010 - 11:42am | 252Shares of Safeway Inc shares (NYSE: SWY) moved down after Longbow Research analyst Alton Stump downgraded the company from “neutral” to “sell.” The target price for the company is set to be $16. SWY’s shares dipped about 3.7% following the downgrade. Shares of Target Corp (NYSE: TGT) and BJ's...
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Target Corp. in Line with Zacks - Analyst Blog
Wednesday, August 18, 2010 - 10:35am | 580Target Corporation (TGT) recently posted second-quarter 2010 quarterly earnings of 92 cents per share, in line with the Zacks Consensus Estimate and up 17% from 79 cents last year. The increase in quarterly earnings was driven by effective cost management and improved profitability at retail and...
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Company News for August 18, 2010 - Corporate Summary
Wednesday, August 18, 2010 - 10:23am | 553• Privately-held Reynolds Group announced plans to acquire hefty-bag maker, Pactiv (NYSE: PTV), for $6 billion, or $33.25 per share • Deere (NYSE: DE) reported better-than-expected sales and earnings for fiscal third quarter. Earnings of $1.44 beat estimates of $1.24 on revenues of $6.84 billion,...
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Stock Market News for August 18, 2010 - Market News
Wednesday, August 18, 2010 - 9:52am | 1164A slew of better-than-expected economic data and activity on the mergers and acquisitions front boosted investors’ confidence yesterday, sending the Dow industrials into the positive territory for the year, even as Wal-Mart Stores and Home Depot reported upbeat earnings numbers. Material stocks...
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Before The Bell: A Peek Into The Markets Today
Wednesday, August 18, 2010 - 8:10am | 523After the highs of Tuesday, US stock futures slip today as investors are taking a breather after last session’s rallies. The DJIA futures are down 0.04% at 10, 362, the S&P 500 futures are down 0.13% at 1,088, and the NASDAQ futures are down 0.16% at 1,837. Read more here . The Potash (NYSE:...
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Futures Wait for Target, Deere Numbers
Wednesday, August 18, 2010 - 6:58am | 129Stock futures were flat early Wednesday ahead of earnings results from discount retailer Target and farm equipment maker Deere. As of 6:20 a.m. in New York, the Dow Jones Industrial Average futures were up 4 points, or 0.04%, to 10362, the S&P 500 index futures were down 1.1 points to 1088.00...
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Earnings Scheduled For August 18 (DE, TGT, AMAT, BJ, LTD, NTAP, PETM, EV, NTES, BRCD)
Wednesday, August 18, 2010 - 5:59am | 273Deere & Co (NYSE: DE) is expected to report its FQ3 profit of $1.23 per share on $6.52 billion in revenue. Target Corp (NYSE: TGT) is estimated to post its Q2 EPS at $0.92 on revenue of $15.62 billion. Applied Materials Inc (NASDAQ: AMAT) is projected to report its FQ3 profit of $0.25 per share...
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Bill Ackman Speaking At Value Investing Congress
Tuesday, August 17, 2010 - 5:48pm | 204Noted value investor and hedge fund manager Bill Ackman is going to speak at the 6th Annual New York Value Investing Congress. The conference takes place October 12 & 13, 2010 in New York City. Bill Ackman is famous for his investments in companies such as Target (NYSE: TGT) and General...
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Earnings Preview: Target Corp. (TGT)
Tuesday, August 17, 2010 - 12:58pm | 250Target Corp. (NYSE: TGT) is currently higher on the session by 1.39%, trading at $51.42. The company is scheduled to report earnings tomorrow, before the opening bell. • Estimates The Street is looking for Q2 earnings per share of $0.92 on revenue of $15.62 billion. These estimates have risen by $...
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Earnings Preview: Target Corporation - Analyst Blog
Tuesday, August 17, 2010 - 10:44am | 728Target Corporation (TGT), the operator of general merchandise and food discount stores in the United States, is scheduled to report its second quarter 2010 financial results on Wednesday, August 18, 2010. The current Zacks Consensus Estimate for the quarter is 92 cents per share. First Quarter...
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Stock Market News for August 16, 2010 - Market News
Tuesday, August 17, 2010 - 10:43am | 986Investors’ concerns about the pace of the economic recovery showed no signs of easing as some dour economic data aggravated worries that the economy is not going to rebound any time soon. A Commerce Department report that said retail sales rose 0.4% in July, below expectations of a 0.5% uptick,...