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News Summary
Tuesday, November 30, 2010 - 10:33am | 163Shares of Merck & Co (NYSE: MRK) lost about 1% after the company named Kenneth Frazier as the company's new Chief Executive Officer (CEO). Frazier will succeed Richard Clark as company's CEO. William Harrison, Merck's lead director said, “With his understanding of the global health-care...
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Goldman Sachs Anxious For Lowe's Analyst Day
Monday, November 29, 2010 - 9:18am | 230Goldman Sachs has published a research report on Lowe's Companies (NYSE: LOW) in anticipation of the company's analyst day. In the report, Goldman Sachs writes "We expect LOW's upcoming meeting to reinforce our investment thesis: We expect a sober view on the macro backdrop, with little enthusiasm...
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The Home Depot Offers Free Online Shipping
Wednesday, November 24, 2010 - 11:07am | 32The Home Depot (NYSE: HD) today announced it will offer free shipping — with no minimum purchase requirement — Thanksgiving through Cyber Monday at homedepot.com.
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Valspar Reports In Line - Analyst Blog
Wednesday, November 24, 2010 - 9:30am | 746Valspar Corporation's (VAL) fourth quarter 2010 net earnings moved up 2 cents to 51 cents from last year's 49 cents. Adjusted net earnings of 56 cents were up 3 cents year over year in the fourth quarter of 2010 and matched the Zacks Consensus Estimate. For the full year 2010, adjusted earnings...
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Option Strategies in Netflix (NFLX) as the Stock Eyes $200
Wednesday, November 24, 2010 - 8:40am | 1856The seemingly unstoppable force which is Netflix (NASDAQ:NFLX) continued higher on Tuesday even while the broader market reversed sharply lower in early trading. Yesterday, the company launched a streaming-only video subscription plan and upped the prices for its DVD mail delivery plans. These...
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Valspar Reports In Line - Analyst Blog
Wednesday, November 24, 2010 - 4:03am | 746Valspar Corporation's (VAL) fourth quarter 2010 net earnings moved up 2 cents to 51 cents from last year's 49 cents. Adjusted net earnings of 56 cents were up 3 cents year over year in the fourth quarter of 2010 and matched the Zacks Consensus Estimate. For the full year 2010, adjusted earnings...
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Three Strategies for Bearish Sentiment & Low IV 11-23-2010
Tuesday, November 23, 2010 - 8:15pm | 897Cusick's Corner This Corner will focus on three strategies appropriate for those who have bearish sentiment and believe that the option implied volatility is low: 1) Buy put. 2) Buy at-the-money bear put spread. 3) Buy in-the-money call calendar spreads. If you buy an at-the-money bear put spread...
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Three Strategies for Bullish & Low IV Sentiment 11-23-2010
Tuesday, November 23, 2010 - 4:48pm | 956Cusick's Corner As I said yesterday, I want to breakdown some strategies that are worth looking at when you have a grasp of trend and volatility sentiment. Let's look at this example -- you are bullish (trend up) and feel that implied volatility is low. Strategically there are three strategies...
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Used Home Sales Fall - Analyst Blog
Tuesday, November 23, 2010 - 2:30pm | 1777In October, existing home sales ran at a seasonally adjusted annual rate of 4.43 million. That pace is 2.2% lower than in September, and 25.9% below the year-ago rate. The year-ago rate of 5.98 million was inflated as everyone was rushing to get the deals done before they thought the first-time...
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Used Home Sales Fall - Analyst Blog
Tuesday, November 23, 2010 - 9:07am | 1777In October, existing home sales ran at a seasonally adjusted annual rate of 4.43 million. That pace is 2.2% lower than in September, and 25.9% below the year-ago rate. The year-ago rate of 5.98 million was inflated as everyone was rushing to get the deals done before they thought the first-time...
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Piper Jaffray Says It's A Great Time To Be A Consumer!
Tuesday, November 23, 2010 - 8:57am | 336Piper Jaffray has published a research report on Broadline Retail & Consumer Products, believing that now is a good time to be a consumer and that ad scans for Black Friday have shown that promotions will be higher than in 2009. In the report, Piper Jaffray writes "Price discounts appear...
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The Home Depot Declares Dividend of 23.625 Cents
Thursday, November 18, 2010 - 5:34pm | 60The Home Depot (NYSE: HD) today announced that its board of directors declared a third quarter cash dividend of 23.625 cents per share. The dividend is payable on December 16, 2010 to shareholders of record on the close of business on December 2, 2010. This is the 95th consecutive quarter the...
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Lowe's (LOW) Companies: Post-Earnings Option Strategies
Wednesday, November 17, 2010 - 1:02pm | 1823After a mixed earnings report, Lowe's Companies (NYSE:LOW) investors are trying to decide their next move. Third-quarter results topped analysts' estimates by a penny but failed to match expectations from a revenue perspective. Looking ahead, LOW issued a fourth-quarter guidance that was in line...
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Home Depot Above Citigroup And Consensus Estimates
Wednesday, November 17, 2010 - 12:05pm | 72Home Depot (NYSE: HD) reported 3Q10 EPS of $0.51, “above our $0.50 estimate, above consensus of $0.48, and vs. adj. EPS of $0.41 LY. SSS increased +1.4%, below our +2.0% estimate, driven by an increase in traffic, while ticket was negative,” Citigroup reports. “Gross margin grew +26 bps, below our...
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Zacks Analyst Blog Highlights: Wal-Mart Stores, The Home Depot, Lowe's Companies, Freeport McMoRan and Peabody Energy - Press Releases
Wednesday, November 17, 2010 - 11:33am | 1803For Immediate Release Chicago, IL – November 17, 2010 – Zacks.com Analyst Blog features: Wal-Mart Stores Inc. (WMT), The Home Depot Inc. (HD), Lowe's Companies Inc. (LOW), Freeport McMoRan (FCX) and Peabody Energy (BTU). Get the most recent insight from Zacks Equity Research with the free Profit...