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The Retail ETF Is Banking On Positive Reports From Retailers This Week
Monday, April 5, 2010 - 6:53pm | 2126“Several retailers are reporting earnings this week and positive sentiment from these companies will continue to fuel the year-to-date rise in the SPDR S&P Retail ETF (NYSE: XRT). (XRT) rose by 16% in the year through March and this performance was strong enough to earn it a spot on my list of...
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Finding Value in Earnings Announcements: How to Calculate a Price-to-Earnings Ratio
Monday, April 5, 2010 - 4:20pm | 1718Alcoa (AA) officially kicks off earnings season with its numbers release due out on April 12 this year. However, other key earnings reports starting this week will include Bed, Bath and Beyond (BBBY), Monsanto (MON), Family Dollar Stores (FDO) and Salesforce.com (CRM), amongst others. These...
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Walgreen Reports Increase In Monthly Sales (WAG, TGT, JCP)
Monday, April 5, 2010 - 1:29pm | 119Walgreen Co. (NYSE: WAG) has reported a 2.3 percent increase in its March sales in drugstores open at least a year. The increase is, however, lower-than-expectations. According to Reuters, analysts had pegged their expectations at 2.4 percent. This increase points to the upbeat trend in retail...
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FDO: Fundamentals On Track
Wednesday, March 31, 2010 - 10:26am | 167Analysts at Northcoast Research reiterate their "buy" rating on Family Dollar Stores Inc (NYSE: FDO). The target price for FDO is set to $41. FDO is well positioned to deliver an upside earnings surprise during 2H FY10. “Family Dollar continues to execute on its goal of building brand awareness and...
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Dollar Tree, Inc.(DLTR) Maintains Overweight Rating And $63 Price Target
Tuesday, March 30, 2010 - 5:51pm | 78Analysts Mitchell A. Kaiser and Jonathan N. Berg at Piper Jaffray have released an update on Dollar Tree, Inc. (NASDAQ: DLTR). Analysts have revised their first-quarter and F10 EPS estimates to account for the $200 million repurchase announcement. First-quarter EPS estimate has been raised from $0...
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Market News – Bank of America (NYSE:BAC), American International Group (NYSE:AIG), Verizon (NYSE:VZ), Mitsubishi Financial Group (NYSE:MTU), Morgan Stanley (NYSE:MS)
Tuesday, March 30, 2010 - 10:54am | 973To start the news day, reports indicate that the housing market has continued to struggle early this year, but there’s some hope on the horizon. The S&P/Case-Shiller 20-city home-price index is reporting a 0.7% decline for January of this year (compared to last year). But this also means a...
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Market News – Bank of America (NYSE:BAC), American International Group (NYSE:AIG), Verizon (NYSE:VZ), Mitsubishi Financial Group (NYSE:MTU), Morgan Stanley (NYSE:MS)
Tuesday, March 30, 2010 - 10:54am | 973To start the news day, reports indicate that the housing market has continued to struggle early this year, but there’s some hope on the horizon. The S&P/Case-Shiller 20-city home-price index is reporting a 0.7% decline for January of this year (compared to last year). But this also means a...
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Morgan Keegan & Co. Maintains Fred's (FRED) Outperform Rating
Friday, March 26, 2010 - 11:45am | 190Morgan Keegan & Co. analysts John R. Lawrence and Benjamin Brownlow maintained their Outperform rating for shares of Fred's, Inc. (Nasdaq: FRED). Morgan Keegan & Co. does not issue price targets. Although operating margins fell slightly below the analysts' predicted 2%, 4th quarter...
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Benzinga’s Top Upgrades (PGR, CAKE, PFCB, FRED, ANN)
Friday, March 26, 2010 - 9:53am | 255Progressive Corporation (NYSE: PGR) was upgraded by JP Morgan from “underweight” to “neutral.” PGR’s shares closed at $18.59 yesterday. PGR’s shares have gained 4.32% year-to-date. Read more about this company here. Janney Montgomery Scott upgraded The Cheesecake Factory Incorporated (NASDAQ: CAKE...
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Dollar Tree Upgraded To Outperform (DLTR)
Wednesday, March 24, 2010 - 2:00pm | 137Dollar Tree (NASDAQ: DLTR) had a strong cash balance of $600 million at the end of 2009. The company also has recently announced a share buyback program worth $200 million. According to a recent report released by Wedbush Securities, the company had repurchased $193 million in shares in 2009....
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Jefferies & Company Initiates Coverage Of Dollar Tree (DLTR)
Wednesday, March 24, 2010 - 11:44am | 119Jefferies & Company analyst Daniel Binder initiated coverage of Dollar Tree, Inc. (Nasdaq: DLTR) with a Hold rating and a price target of $64. Binder wrote that Dollar Tree, Inc. is a great company but that its greatness is reflected in the share price. Estimates for earnings in 2011 and 2012...
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DLTR Initiated With Hold At Jefferies
Wednesday, March 24, 2010 - 9:07am | 49Analysts at Jefferies & Co initiate coverage of Dollar Tree (NASDAQ: DLTR) with a "hold" rating. The target price for DLTR is set to $64. DLTR’s shares closed at $59.80 yesterday. More Analyst Ratings here
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FRED May Announce Better-Than-Expected FQ4 Results On Strategic Changes
Tuesday, March 23, 2010 - 3:16pm | 121Analysts at Northcoast Research upgrade Fred's Inc (NASDAQ: FRED) to "buy." The 12-month target price for FRED is set to $13. According to Northcoast Research, the next phase of FRED’s initiatives can boost the company’s same-store sales and operating performance during FH2 2011 and FY12. Fred’s is...
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Market Update – Ford Motor Company (NYSE:F), American International Group (NYSE:AIG), Morgan Stanley (NYSE:MS), Goldman Sachs Group (NYSE:GS), Intel Corporation (NASDAQ:INTC)
Tuesday, March 23, 2010 - 10:20am | 1015The Congressional committee on housing, the Federal Housing Committee, is meeting today to decide what the next move is with Fannie Mae and Freddie Mac. The government nationalized the two massive companies during the housing crisis and they have helped stabilize the housing market since then, in...
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Market Update – Ford Motor Company (NYSE:F), American International Group (NYSE:AIG), Morgan Stanley (NYSE:MS), Goldman Sachs Group (NYSE:GS), Intel Corporation (NASDAQ:INTC)
Tuesday, March 23, 2010 - 10:20am | 1015The Congressional committee on housing, the Federal Housing Committee, is meeting today to decide what the next move is with Fannie Mae and Freddie Mac. The government nationalized the two massive companies during the housing crisis and they have helped stabilize the housing market since then, in...