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Raymond James still bullish on home improvement retailers HD and LOW
Monday, November 23, 2009 - 5:56pm | 101Raymond James maintained its favorable recommendations on home improvement retailers Home Depot (NYSE: HD) and Lowe’s (NYSE: LOW), on the back of reduced expenses in both companies and a stabilizing overall market. The bank said that Home Depot was more effective in reducing overhead, while also...
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Lumber Liquidators is targeting 400 stores in North America
Monday, November 23, 2009 - 9:51am | 213Analyst Bradley B Thomas of KeyBanc Capital Markets reiterated their “buy” rating for Lumber Liquidators Inc (NYSE: LL). The target price has been raised from $26 to $28. LL has about 8%-9% share in the hardwood market and 3%-4% in the laminates market. According to LL, there is substantial...
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Top 5 Stocks With Highest Annual Sales (DCM, LOW, BBY, MRO, RTP)
Friday, November 20, 2009 - 9:27am | 171Below are interesting stocks on the NYSE and the NASDAQ with the highest annual sales. NTT DoCoMo Inc (NYSE: DCM) has a market capitalization of $60.93 billion and annual sales of $48.62 billion. DCM shares have declined by 7.22% over the past 52 weeks as compared to a 45.51% rise in S&P500....
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HD May Accelerate Share Buyback Activity by Mid-2010
Wednesday, November 18, 2009 - 10:15am | 153Christopher Horvers of JP Morgan maintained his “overweight” rating on The Home Depot (NYSE: HD). The target price is set to $31. HD reported Q3 operating EPS at $0.41, comfortably beating the estimates and the consensus. The decline in HD’s sales at 8.0% was in-line with the estimates. HD’s gross...
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Stock Market News for November 18, 2009 - Market News
Wednesday, November 18, 2009 - 10:03am | 511U.S. stocks closed higher for the second consecutive day, helped by strength in shares of commodity-related companies even as major retailers said they remain cautious ahead of the holiday season. At the end of a session that lacked conviction, major stock indexes managed to reach their fresh 13-...
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Company News for November 17, 2009 - Corporate Summary
Tuesday, November 17, 2009 - 10:39am | 205• Home Depot (NYSE:HD) topped estimates by a nickel as earnings for the third quarter reached 41 cents, on inline revenues of $16.36 billion, down 8%. Comparable sales fell 6.9%. The company issued 2010 guidance of $1.55, slightly ahead of $1.53 projections. According to the firm, "There is still a...
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Stock Market News for November 17, 2009 - Market News
Tuesday, November 17, 2009 - 10:36am | 401U.S. stocks surged to their 13-month highs Monday as a weaker dollar and a rebound in U.S. retail sales reinforced hopes that an economic recovery is indeed underway. Stocks also got a boost after Fed chairman Ben Bernanke reiterated Fed’s intention to keep interest rates low for an extended...
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Benzinga’s Top News Round-up (DDS, AGO, COV, APOL, HD, BT, APWR, UBS, IAPLY, EJ)
Tuesday, November 17, 2009 - 9:32am | 544Dillard's, Inc. (NYSE: DDS) reported third-quarter profit of $8 million and sales of $1.36 billion compared to $1.51 billion while analysts estimated a loss of $0.51 a share on sales of $1.31 billion. As a result, Dillard's, Inc. (NYSE: DDS) is trading at $13.45, increased 0.90% in the pre-market...
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The Home Depot, Inc. (NYSE: HD) Beat Estimates by 5c, Lifts Guidance
Tuesday, November 17, 2009 - 8:15am | 176The Home Depot, Inc. (NYSE: HD) today reported its third-quarter net income of $689 million, or $0.41 a share and revenue declined 8% to $16.36 billion. Analysts expected Home Depot to post profits of $0.36 a share on revenues of $16.27 billion. Home Depot also provided outlook for fiscal 2009...
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Today’s Earnings Preview (HD, TGT, SKS, TJX, ADSK)
Tuesday, November 17, 2009 - 7:41am | 117The Home Depot, Inc. (NYSE: HD) is expected to post third-quarter earnings of 36 cents a share, according to a consensus survey by FactSet Research. Target Corporation (NYSE: TGT) is forecast to report earnings of 50 cents a share in the third quarter. Saks Incorporated (NYSE: SKS) is likely to...
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ETFs To Watch November 17, 2009
Tuesday, November 17, 2009 - 5:19am | 291Here is the ETF Professor's ETF Watchlist for Tuesday November 17, 2009. With gold making new highs and silver looking like it could go along for the ride, let's look at leveraged plays on these themes. Silver: Ultra Silver ProShares (NYSE: AGQ). Gold: PowerShares DB Gold Double Long ETN (NYSE: DGP...
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Stock Market News for November 16, 2009 - Market News
Monday, November 16, 2009 - 10:07am | 453U.S. stocks rose Friday, for their second consecutive weekly advance, as upbeat earnings reports from a number of companies, including Walt Disney and JC Penny, spurred optimism that the economic recovery is gaining momentum. A dip in the value of dollar, on concerns consumer spending is likely to...
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Lowe's Companies, Inc. (NYSE: LOW) Climbs after Quarterly Results
Monday, November 16, 2009 - 8:32am | 154Lowe's Companies, Inc. (NYSE: LOW) today reported that its third-quarter net earnings fell 29.5% to $344 million and sales declined 3% to $11.4 billion due to global economic recession and comparable sales store declined 7.5%. In the third quarter, Lowe’s opened 12 stores and closed one store....
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Zacks Analyst Blog Highlights: Southern Copper Corporation, Logitech International, Cisco Systems Inc., Microsoft Corp. and Koninklijke Philips Electronics NV - Press Releases
Thursday, November 12, 2009 - 8:55am | 1186For Immediate Release Chicago, IL – November 12, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include:...
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Logitech Acquires LifeSize - Analyst Blog
Wednesday, November 11, 2009 - 2:45pm | 504Logitech International (LOGI) announced that it has agreed to acquire privately held LifeSize Communications of Austin, Texas for $405 million in cash. LifeSize is a global leader in high definition (HD) video communication solutions, with more than 9,000 video conferencing customers across 80...