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Target Tells Benzinga Why Its Workers Don't Need To Unionize
Monday, June 20, 2011 - 12:53pm | 324Following the news that workers at a Target (NYSE: TGT) store in Long Island voted down a unionization effort on Friday, Molly Snyder of Target's media relations department told Benzinga that, “Our emphasis is on creating a workplace environment where our team members don't want or need union...
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Top Performing Industries For June 20
Monday, June 20, 2011 - 8:58am | 163At 9:55 am, the Dow rose 0.12% to 12,018.40, the broader Standard & Poor's 500 index moved up 0.08% to 1,272.47 and the NASDAQ composite index gained 0.26% to 2,623.26. The industries that are supporting the market today are: Semiconductor- Memory Chips: This industry jumped 1.59% by 9:55 am...
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Ackman Considering Taking Pershing Square Public
Thursday, June 16, 2011 - 12:14pm | 137Bill Ackman may allow you to get a shot at investing in Pershing Square, even if you do not have the requisite capital to invest in a hedge fund. Ackman, according to the Wall Street Journal, is considering raising funds for a new fund by selling a portion of it through an IPO. Ackman is a value...
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Calls Purchased on Family Dollar Stores, Inc.
Thursday, June 16, 2011 - 10:59am | 137Shares of Family Dollar Stores, Inc. (NYSE: FDO) are lower on the session by 0.10%, currently trading at $52.20. The stock has been moving largely higher over the past four months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short...
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Tuesday Morning Corporation Revises Fiscal 2011 Annual Guidance
Wednesday, June 15, 2011 - 6:02am | 167Tuesday Morning Corporation (Nasdaq: TUES) today announced revised guidance for the fiscal year ending June 30, 2011. Total net sales for the year ending June 30, 2011 are now expected to be in the range of $820 million to $830 million and comparable store sales are expected to be slightly negative...
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Stocks to Watch for 6/14/11: Fresh 52-Week Highs and Lows
Tuesday, June 14, 2011 - 3:15am | 2234The following stocks hit new 52-week highs in Monday's trading session: 1) Greif (NYSE: GEF): Shares of Greif hit a 52-week high of $67.36 in Monday's trading session. The stock closed at $67.04. The year-to-date performance of Greif has been a gain of 9%. 2) Raptor Pharmaceutical (NASDAQ: RPTP...
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Huge Dividend Increases are a Sign of an Economic Turnaround
Monday, June 13, 2011 - 10:20pm | 480What better indication of a company's health than an increase in dividend. And if lots of companies raise their dividend across various sectors, it is a positive sign for the economy. If you own a high yield stock for the long term for its income, and the stock increases its dividend, then you...
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Bearish Signs Are Quickly Adding Up
Monday, June 13, 2011 - 11:01am | 1223By Gary Kaltbaum Over the past few weeks, I have been more cautious. During that time on the Buzz & Banter, I outlined why I thought the market was in trouble. The simple fact is that every characteristic that usually show up near tops in the market... showed up. When these characteristics...
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The Historical Relationship Between the Economy and the S&P 500, Part 3: The S&P 500 and the Employment to Population Ratio
Sunday, June 12, 2011 - 5:47pm | 1707by Mike Kimel The Historical Relationship Between the Economy and the S&P 500, Part 3: The S&P 500 and the Employment to Population Ratio A few weeks ago, I had two posts looking at the relationship between the S&P 500 and real GDP (Part 1 and Part 2). The first post noted that using...
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Did Tracy Morgan's Homophobic Rant Kill the Dow?
Friday, June 10, 2011 - 2:00pm | 451Does homophobic “comedian” Tracy Morgan have the ability to move markets? Maybe. The allegedly funny Morgan went on a homophobic rant last Friday, telling gays and lesbians that they need to quit complaining about bullying and then jokingly threatened to kill his son if he came home and said he...
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Dollar Stores For A Cheap Market
Friday, June 10, 2011 - 12:27pm | 340The broader markets are getting hammered, but one sector, the dollar stores, are holding up. Names like Family Dollar (NYSE: FDO), Dollar General (NYSE: DG), and Dollar Tree (NASDAQ: DLTR) are all hovering near the flatline, or slightly negative. This comes as the broader markets are all down...
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Family Dollar Stores Up On Ackman Increasing His Stake
Thursday, June 9, 2011 - 1:36pm | 95Family Dollar Stores, Inc. (NYSE: FDO) shares are moving more than 2% after Bill Ackman and Pershing Square filed with the SEC that Pershing Square's stake in the company rose to 8.9% from 4.7%. At Ira Sohn, Ackman said that he had been buying shares of Family Dollar all day that day. Ackman said...
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Brian Sozzi Says Target & Shareholders Off The Mark At Shareholder Meeting
Wednesday, June 8, 2011 - 2:20pm | 265In a research note, Brian Sozzi of Wall Street Strategies has a note on Target (NYSE: TGT), as the company held its annual shareholder meeting today. In the note, Sozzi talks about the many different initiatives Target is undertaking, such as pushing into Canada, remodeling U.S. stores, and...
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Target Corporation Increases Regular Quarterly Dividend By 20% to $0.30
Wednesday, June 8, 2011 - 12:00pm | 62The board of directors of Target Corporation (NYSE: TGT) has declared a quarterly dividend of 30 cents per common share. The dividend is payable September 10, 2011 to shareholders of record at the close of business August 18, 2011. The 3rd quarter dividend will be the company's 176th consecutive...
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Retail On The Move
Tuesday, June 7, 2011 - 9:21am | 184This morning, the retail sector is showing early strength. The Retail Holders Trust(NYSE: RTH) is trading higher by $1.21 to $106.46 a share. When the retail sector shows intra-day strength it is usually a sign that the major stock indexes will hold up for the day. Over the past week, the retail...