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Company News for August 17, 2010 - Corporate Summary
Tuesday, August 17, 2010 - 9:43am | 597• BHP Billiton (NYSE: BHP) confirmed a bid for Potash (NYSE: POT), valued at $130 per share, or $38.5 billion. • Home Depot (NYSE: HD) announced second quarter results of 72 cents a share, one cent above Zacks estimates, and up from 66 cents a year ago; however, sales up 1.8% to $19.41 billion...
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Benzinga’s Top Downgrades (YHOO, MOS, VITC, DLTR)
Tuesday, August 17, 2010 - 7:08am | 150Yahoo! Inc (NASDAQ: YHOO) was downgraded by BGC Financial from “buy” to “hold.” YHOO’s shares closed at $13.79 yesterday. Yahoo’s earnings have fallen by 6.09% in the past 5 years. JP Morgan downgraded Mosaic Company (NYSE: MOS) from “overweight” to “neutral.” MOS’ shares closed at $51.13 yesterday...
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Benzinga’s Top Upgrades (MSFT, TGT, PT, AGU)
Tuesday, August 17, 2010 - 6:56am | 145Microsoft Corporation (NASDAQ: MSFT) was upgraded by BGC Financial from "hold" to "buy." MSFT’s shares closed at $24.50 yesterday. Microsoft’s trailing-twelve-month gross margin is 80.16%. BofA/Merrill upgraded Target Corporation (NYSE: TGT) from "neutral" to "buy." TGT’s shares closed at $50.72...
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Target Might Be The Bullseye You Need (TGT)
Monday, August 16, 2010 - 1:27pm | 310Big box retailer Target (NYSE: TGT) is set to report earnings on Wednesday, August 18. Analysts are calling for earnings per share of 92 cents on revenues of $15.62 billion. The company should start to see a benefit from back to school shopping, as the store supplies everything from pens, pencils...
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Expiration Week Earnings Events and Long Straddles
Monday, August 16, 2010 - 9:28am | 1686Before weekly options expanded to include weeklys on individual equities, it was rare for options expiration and corporate earnings reports to fall during the same week. One week, at-the-money (ATM) options have very little time value, obviously, large gamma, and negative theta. With such little...
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WHAT’S ON TAP?
Sunday, August 15, 2010 - 3:33pm | 965For the week of August 16th (in conjunction with Econoday): Earnings will be heavy with retailers this week. We could get a better idea of how well the consumer is handling the difficult economy. In addition we’ll get a number of important economic reports. Let’s take a look at what’s on tap...
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Mike Khouw's Target Corporation (TGT) Trade
Friday, August 13, 2010 - 7:39pm | 118Mike Khouw said on CNBC's Options Action that consumers are going to spend less. With this in mind, he wants to make a bearish trade in Target Corporation (NYSE: TGT). His idea is to buy the September 50 put for $1.55, and finance it by selling two puts with different strikes. He wants to sell the...
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Earnings Scorecard: RadioShack - Analyst Blog
Friday, August 13, 2010 - 9:40am | 989The future outlook for RadioShack Corp. (RSH) is flat. Second quarter 2010 financial results were mostly in line with Zacks Consensus Estimates. Recent earnings estimate revisions are showing an almost 50-50 swing in both directions. RadioShack continues its solid performance supported by...
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July Sales Up for TJX - Analyst Blog
Wednesday, August 11, 2010 - 9:17am | 789The TJX Companies Inc. (TJX) reported same store sales of 2% for the four week period ended July 31, 2010. This affirms the company’s positive comparable store sales growth momentum so far. Sales in the same period upped 6% to $1.5 billion from $1.4 billion in the four-week period ended August 1,...
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Zacks Analyst Blog Highlights: TJX Companies, Target, Kohl's Corp., Macy's and McDonald - Press Releases
Wednesday, August 11, 2010 - 7:04am | 1636For Immediate Release Chicago, IL – August 11, 2010 – Zacks.com Analyst Blog features: TJX Companies Inc. (TJX), Target Corp. (TGT), Kohl's Corp. (KSS) Macy's Inc. (M) and McDonald's Corp. (MCD ). Here are highlights from Tuesday’s Analyst Blog: July Sales Up for TJX Companies The TJX Companies...
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Company News for August 10, 2010 - Corporate Summary
Tuesday, August 10, 2010 - 9:44am | 654• KKR (NYSE:KKR) withdrew its $500 million stock offering, citing weak market conditions • Credit Suisse (NYSE: CS) downgraded Royal Bank of Scotland (NYSE: RBS) from "outperform" to "neutral" • UBS (NYSE: UBS) upgraded Whole Foods (NASDAQ: WFMI) to "buy" from "neutral," with a price target of $45...
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Family Dollar Trading Near its 52-Week High (FDO)
Tuesday, August 10, 2010 - 9:36am | 262Family Dollar (NYSE: FDO) hit a fresh 52-week high yesterday; touching $42.81 before pulling back slightly. The discount retailer has been on an amazing tear higher since the beginning of the year, rising from $27.82 to its current highs. The stock seems primed to visit highs that it has not seen...
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Early Exercise of Calls, Dividend Plays, and What’s All That Volume?
Tuesday, August 10, 2010 - 8:31am | 1768Last week, we saw a number of large-cap, dividend-paying companies trade ex-dividend. This typically quarterly event can spark huge volume in the options of the specific companies. Ex-dividend literally means new investors in the underlying are not entitled to the next dividend payment. In other...
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Does Fed Have Anything Left to Stimulate Economy? 08-09-2010
Monday, August 9, 2010 - 6:44pm | 768Cusick’s Corner With volume on the light side and no economic data released Monday, the major market indices sat around key resistance levels. Today’s option activity was focused on spread strategies, multi-legged positions that allow traders to position with defined risk and reward. Much of the...
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Zacks #1 Rank Additions for Monday - Tale of the Tape
Monday, August 9, 2010 - 5:53pm | 266Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: 99 Cents Only Stores (NDN) adidas AG (ADDYY) Air Liquide (AIQUY) Amkor Technology, Inc (AMKR) Andersons, Inc (ANDE) View the entire Zacks #1 Rank List. AMKOR TECH INC (AMKR): Free Stock Analysis Report ANDERSONS INC...