-
Home Depot Still A Buy, According to Goldman Sachs
Wednesday, August 18, 2010 - 9:16am | 109The Home Depot, Inc. (NYSE: HD) is having its 2010 estimates increased to $1.91 (+$0.05), and raising 2011/2012 estimates $0.02 and $0.03, respectively to $2.17 and $2.63, according to Goldman Sachs. The biggest challenge Home Depot faces is that faded sales visibility is limiting the...
-
Frugality Returns To Corporate America
Wednesday, August 18, 2010 - 7:50am | 205Several retail analysts pointed out that Walmart’s (NYSE: WMT) earnings and those of Home Depot (NYSE: HD) were helped by rigid cost controls. This is not the first time during the earnings season which has drawn to a close that big public firms kept expenses lower than in past years. It is a sign...
-
Cramer Sees Bidding War Intensifying For Potash
Wednesday, August 18, 2010 - 7:10am | 294In Tuesday’s "Stop Trading! Round," Mad Money boss Jim Cramer said that the bidding war for Potash Corp (NYSE: POT) “may have just begun.” He cited several companies apart from BHP Billiton (NYSE: BHP) that could be in the fray for POT. Cramer believes that it it’s over by a “long shot.” On Tuesday...
-
Rally Attributed to Housing Starts 08-17-2010
Tuesday, August 17, 2010 - 7:05pm | 871Cusick’s Corner The market held up again into the After Hours. Some market watchers are attributing the rally today on improved month-over-month Housing starts numbers, but remember that June was one of the lowest in over a year, so I would not put much emphasis on those results. If the market can...
-
Valspar Barely Misses - Analyst Blog
Tuesday, August 17, 2010 - 3:56pm | 695Paints and coatings maker Valspar Corp. (VAL) recorded net income of $75.1 million or 74 cents per share in the third quarter of fiscal 2010, up 15.5% from last year’s $65 million or 61 cents per share. Earnings were helped by a stronger catings business that negated subdued performance in the...
-
Panasonic Expands VIERA Series - Analyst Blog
Tuesday, August 17, 2010 - 3:56pm | 868A leading manufacturer of High Definition (HD) televisions, Panasonic Corp. (PC) recently launched a new VIERA GT25 series of full HD three dimensional (3D) Plasma televisions, expanding its premier VIERA brand. The GT25 series has 600Hz sub-field drive; 1080 pixel full HD resolution; 1080 lines...
-
Bond Prices Have Stalled 08-17-2010
Tuesday, August 17, 2010 - 3:20pm | 1038Cusick’s Corner The market made a nice move into the Midday and over the last few hours trading has turned into a complete grind. Yesterday’s late day pullback seems to have washed out the weak longs, but there has been equal pressure on the shorts today. These kinds of moves are expected when...
-
Citigroup Review: Home Depot Second Quarter Earnings (HD)
Tuesday, August 17, 2010 - 1:46pm | 92Citigroup is out with a research report in the wake of home improvement retail company Home Depot's (NYSE: HD) Q2 earnings. The firm's analysts have given the stock a ‘Hold’ rating with a target price of $34. The Company recently announced its Q2 results for the current fiscal year reporting EPS...
-
Stocks Skyrocket Due To Boost In Materials Sector (POT, BHP, HD, WMT)
Tuesday, August 17, 2010 - 12:14pm | 225US stocks climbed higher on Tuesday following a busy day so far in the materials sector with Potash Corp Saskatchewan (NYSE: POT) and Pactiv Corp (NYSE: PTV) dominating the headlines. The DJIA is up 142.29 points at 10,444.30, S&P 500 is up 17.25 points at 1,096.63, and the NASDAQ is up 36.29...
-
Markets Turn Sharply Higher
Tuesday, August 17, 2010 - 11:46am | 107The markets moved sharply higher on a weaker dollar and solid earnings from Wal-Mart Stores, Inc. (NYSE: WMT) and The Home Depot, Inc. (NYSE: HD) and a buyout offer for Potash Corp./Saskatchewan (USA) (NYSE: POT) for $130.00 a share. This started the markets higher and light volume continued to...
-
Stocks Ramping Higher In Early Trade (SPY, QQQQ)
Tuesday, August 17, 2010 - 11:22am | 124Stocks are surging in early trade amid strong earnings reports from Home Depot (NYSE: HD) and Wal-Mart (NYSE: WMT) along with takeover speculation in the fertilizer space after BHP Billiton (NYSE:BHP made an unsolicited bid for Potash (NYSE: POT). The acquisition offer was made at $135 per share...
-
Afternoon Market Update (MNKD, BAC, WMT, HD, ANF)
Tuesday, August 17, 2010 - 11:18am | 264Shares of Mannkind Corp (NASDAQ: MNKD) moved down, after the company announced its plan of offering up to 8 million of its common shares. The company will offer the shares as a part of its share-lending agreement with Bank of America (NYSE: BAC). The company is also planning to offer senior...
-
LOW’s Margin Outlook Aggressive But Achievable
Tuesday, August 17, 2010 - 11:15am | 225Analysts at Goldman Sachs maintain their "neutral" rating on Lowe's Companies Inc (NYSE: LOW). The target price for LOW is set to $24. According to Goldman Sachs, “LOW’s ability to deliver sales only slightly below the guided range – and in line with our forecast; to achieve our margin projection;...
-
Cree Announces New LED Recessed Light Fixture, JP Morgan Analyzes Cost of Ownership (CREE)
Tuesday, August 17, 2010 - 11:15am | 123Cree (NASDAQ: CREE) announced a new product at its C2Q10 conference call. Its new CR6 recessed fixture down-light will retail for $50 at Home Depot (NYSE: HD). JP Morgan analysts Christopher Blansett and Brian Lee said, "A standard non-dimmable CFL remains the lowest CoO for the homeowner, Assuming...
-
Stock Market News for August 16, 2010 - Market News
Tuesday, August 17, 2010 - 10:43am | 986Investors’ concerns about the pace of the economic recovery showed no signs of easing as some dour economic data aggravated worries that the economy is not going to rebound any time soon. A Commerce Department report that said retail sales rose 0.4% in July, below expectations of a 0.5% uptick,...