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Short Covering -- Bad News Was Priced In 09-01-2010
Wednesday, September 1, 2010 - 7:23pm | 772Cusick's Corner The market rallied in part from some overseas gains, better-than-expected August ISM Index (manufacturing up), plus short covering of positions previously made against the market. As stated in the Midday, some shorts were feeling like they were in front of a moving train, about to...
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Citi Sees 'Modest Recovery' in Lowe's (LOW)
Friday, August 27, 2010 - 12:06pm | 158Expecting "a modest recovery in earnings," Citigroup Global Markets reiterated its Hold rating on Lowe's Companies (NYSE: LOW) this morning. Citi maintains a $22 Price Target on the stock. Analysts at Citi note that "Our long-term outlook for the home improvement industry is favorable given secular...
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Stock Market News for August 26, 2010 - Market News
Thursday, August 26, 2010 - 3:09pm | 633After skidding for four straight sessions, stocks staged a comeback yesterday even as economic data continued to paint a dismal picture. Disappointing housing and durable goods numbers sent stocks lower in the first hour of trading, with the Dow average plunging more than 100 points, but some...
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New Deal for Juniper - Analyst Blog
Wednesday, August 25, 2010 - 4:00pm | 689Juniper Networks Inc. (JNPR), one of the leading providers of networking infrastructure products and services, recently announced that it would provide its Media Flow Solutions to privately held BitGravity. Founded in 2006, BitGravity has emerged as a technology leader in the video and media...
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Lowes Co. Inc. CFO Sells 20,265 Shares of LOW
Tuesday, August 24, 2010 - 4:53pm | 56In a Form 4 filed after the bell today, Lowes Co. Inc. (NYSE: LOW) CFO, Robert Hull, reported that he Sold 20,265 shares of LOW on August 23rd for an average price of $20.50. The transaction totaled $415,501. Mr. Hull owns 255,818 direct shares and 27,921 indirect shares of LOW. Source: The...
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Goldman Upgrades Lowe's Companies To Buy (LOW)
Monday, August 23, 2010 - 10:41am | 171Analysts at Goldman Sachs upgrade Lowe’s Companies, Inc. (LOW) from “neutral” to “buy.” A $24.00 price target has been set on the stock, and implies 16% upside potential. Goldman Sachs expects that Lowe’s quarterly EPS will grow substantially in the near future, from 10% in 2Q10 to 18% in 3Q10...
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Benzinga’s Top Upgrades (BAC, FSLR, LOW, MTXX)
Monday, August 23, 2010 - 7:34am | 162Bank of America Corporation (NYSE: BAC) was upgraded by Standpoint Research from "hold" to "accumulate." BAC’s shares closed at $12.87 on Friday. Bank of America’s earnings are likely to grow by 77.53% in the next year. UBS upgraded First Solar Inc (NASDAQ: FSLR) from "neutral" to "buy." FSLR’s...
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Lowe's Companies, Inc. Declares Dividend of $0.11
Friday, August 20, 2010 - 4:33pm | 51The Board of Directors for Lowe's Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend of eleven cents ($0.11) per share, payable November 3, 2010, to shareholders of record as of October 20, 2010. With fiscal year 2009 sales of $47.2 billion, Lowe's Companies, Inc. is a FORTUNE 50...
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Mad Money Lightning – Cramer Speaks Out! (HIG, BEXP, CVX, PRU, SD, WTW, YHOO)
Friday, August 20, 2010 - 8:56am | 307On Thursday’s < a href=” http://www.cnbc.com/id/38771410”>Mad Money Lightning, Jim Cramer had a lot to say about what’s hot and what’s not! Brigham Exploration (NASDAQ: BEXP) was assigned a “don’t buy.” BEXP was at $16 after hours. Chevron (NYSE: CVX) is a “go.” CVX was at $75.84 after hours...
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Lowe's Companies, Inc. - Bear of the Day
Friday, August 20, 2010 - 3:27am | 184Lowe's Companies, Inc. (LOW) recently posted lower-than-expected second quarter 2010 results. The quarterly earnings of $0.58 per share missed the Zacks Consensus Estimate by a penny. The company also witnessed a decline in the rate of growth of sales and comps in the quarter that breached its...
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The Home Depot Declares Dividend of $0.23625
Thursday, August 19, 2010 - 4:38pm | 80The Home Depot (NYSE: HD) today announced that its board of directors declared a second quarter cash dividend of 23.625 cents per share. The dividend is payable on September 16, 2010 to shareholders of record on the close of business on September 2, 2010. The Home Depot is the world's largest home...
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Stock Market News for August 19, 2010 - Market News
Thursday, August 19, 2010 - 1:34pm | 1252Stocks managed to close higher for a second consecutive session, but the gains were modest as weakness in energy shares offset strength in retailers’ stocks. Target led the strength in stocks of consumer-discretionary companies after its profit outlook for the current quarter matched Street...
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Slow Sales Trends Drives Neutral Rating On The Home Depot, Inc. (HD)
Wednesday, August 18, 2010 - 12:17pm | 144Piper Jaffray is out with a company note, where it maintains its “neutral” rating on The Home Depot, Inc. (NYSE: HD); it has also slightly lowered its price target to $27.00 from $28.00. Piper Jaffray cited the company’s recent earnings report, where HD delivered a Q2 EPS of $0.72, barely topping...
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Wunderlich's 2010 Accounting Themes
Wednesday, August 18, 2010 - 11:33am | 210Wunderlich Securities has noted accounting risk areas from reviewing 10-Qs recently filed as the following areas: benefits from purchase accounting (reversals in liabilities benefiting SG&A expenses), exposure for changes in Brazilian tax laws (denying interest deductions on certain debts)...
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Stock Market News for August 18, 2010 - Market News
Wednesday, August 18, 2010 - 9:52am | 1164A slew of better-than-expected economic data and activity on the mergers and acquisitions front boosted investors’ confidence yesterday, sending the Dow industrials into the positive territory for the year, even as Wal-Mart Stores and Home Depot reported upbeat earnings numbers. Material stocks...