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Tough to Read Market's Current Tea Leaves
Monday, August 16, 2010 - 6:20pm | 851Cusick’s Corner The market is giving us little to draw from, not telling us which way it wants to tilt. With trade volume thin and Housing data around the corner, the potentially best course is to trade conservatively and be very aware of the choppy nature of this market. Keep an eye on the...
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Lumber Liquidators Chairman of the Board Sells 186,000 Shares of LL
Monday, August 16, 2010 - 4:02pm | 56In a Form 4 filed earlier today, Lumber Liquidators Holdings, Inc. (NYSE: LL) Chairman of the Board, Thomas Sullivan, reported that he sold 186,506 shares of LL on August 12th-13TH for an average price of $21.18. The transaction totaled $3,950,682. Mr. Sullivan owns 3,821,750 direct shares of LL....
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Bonds Prices on the Move 08-16-2010
Monday, August 16, 2010 - 2:24pm | 916Cusick’s Corner The market is stuck in a tight range on very light trading going into the Midday. Equities are not really tipping either way, so it looks like traders are happy at this stage hanging out in the dog days. But bond traders are busy, the long end of the curve is really on the move...
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GM's Akerson: Another Outsider for Detroit
Monday, August 16, 2010 - 11:27am | 219Once again,General Motors has reached outside the auto industry for its top leadership. Former telecom and turnaround executive Dan Akerson will replace telecom exec Ed Whitacre at GM, while Boeing (NYSE: BA) veteran Alan Mulally will continue to run Ford (NYSE: F). Of the Detroit three, only...
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Afternoon Market Update (LOW, HD, AMGN)
Monday, August 16, 2010 - 11:19am | 172According to a recent report, the Home-builder confidence has dropped to a 17-month low in the month of August. The National Association of Home Builders/Wells Fargo Housing Market Index has fallen to its worst reading since March 2009 by 1 point to 13. However, the economists were expecting an...
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LOW Rises On Expected Rise In Store Sales
Monday, August 16, 2010 - 10:24am | 98Shares of Lowe’s Companies Inc (NYSE: LOW) are moving up after the company expected a rise in its store sales. LOW’s shares gained 2.71% to $20.12 at 10:15 am. LOW is expecting a rise of about 2% in the store sales open at least a year for the fiscal year. However, the company has posted weaker-...
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Lowe's Reporting In-Line With Goldman's Estimates
Monday, August 16, 2010 - 10:24am | 136Lowe's Companies, Inc. (NYSE: LOW) reported a 2Q with EPS of $0.58, just above the $0.57 estimate from Goldman Sachs, and has tightened its guidance for 2010 to $1.38-1.45 from $1.37-1.47, and issued a single point S-S sales guidance at 2% vs. 4% previously. 3Q EPS are guided to $0.28-0.32 vs....
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Expiration Week Earnings Events and Long Straddles
Monday, August 16, 2010 - 9:28am | 1686Before weekly options expanded to include weeklys on individual equities, it was rare for options expiration and corporate earnings reports to fall during the same week. One week, at-the-money (ATM) options have very little time value, obviously, large gamma, and negative theta. With such little...
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A Peek Into The Market Before Today’s Trading (DELL, PAR, LOW, VED.L)
Monday, August 16, 2010 - 8:54am | 352US Stock Futures dipped on Monday, in response to disappointing Q2 growth data from Japan and speculations of lower-than-expected New York manufacturing data. Futures on the S&P 500 fell 2.9 points to 1,073, the DJIA fell 16 points to 10,250, and the NASDAQ fell 1.25 points to 1,814. What’s...
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US Stock Futures Face A Gloomy Day, Again!
Monday, August 16, 2010 - 8:45am | 229US Stock Futures dipped on Monday, in response to disappointing Q2 growth data from Japan and speculations of lower-than-expected New York manufacturing data. Futures on the S&P 500 fell 2.9 points to 1,073, the DJIA fell 16 points to 10,250, and the NASDAQ fell 1.25 points to 1,814. Lowe’s...
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LOW Posts Q2 Results Below Expectations, Plans To Open New Stores
Monday, August 16, 2010 - 7:32am | 227Lowe's Companies Inc (NYSE: LOW) reports weaker-than-expected Q2 results. The company has also planned to open new stores in the forthcoming quarter. LOW reported its EPS at $0.58, falling short of the consensus of $0.59. LOW’s Q2 revenue came in at $14.4 billion versus the Street view of $14.52...
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LOW Posts Weaker-Than-Expected Q2 Results
Monday, August 16, 2010 - 7:10am | 60Lowe's Companies Inc (NYSE: LOW) reports Q2 EPS at $0.58, falling short of the consensus of $0.59. LOW’s Q2 revenue came in at $14.4 billion versus the Street view of $14.52 billion. LOW’s shares fell 1.07% to $19.38 in pre-market trading. Read more from Benzinga's Company news.
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Stocks To Watch For August 16 (URBN, LOW, SYY, A)
Monday, August 16, 2010 - 4:59am | 151Some of the stocks that may grab the investor focus today are: Wall Street expects Urban Outfitters Inc (NASDAQ: URBN) to post its Q2 EPS at $0.39. URBN’s shares gained 0.16% to $30.95 in after-hours trading. Analysts are expecting Lowe's Companies Inc (NYSE: LOW) to have earned $0.59 per share in...
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WHAT’S ON TAP?
Sunday, August 15, 2010 - 3:33pm | 965For the week of August 16th (in conjunction with Econoday): Earnings will be heavy with retailers this week. We could get a better idea of how well the consumer is handling the difficult economy. In addition we’ll get a number of important economic reports. Let’s take a look at what’s on tap...
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Zacks Analyst Blog Highlights: Akamai Technologies, Level 3 Communications, Limelight Networks, International Business Machines and Pepco Holdings - Press Releases
Friday, August 13, 2010 - 9:40am | 1624For Immediate Release Chicago, IL – August 13, 2010 – Zacks.com Analyst Blog features: Akamai Technologies Inc. (AKAM), Level 3 Communications Inc. (LVLT), Limelight Networks Inc. (LLNW), International Business Machines Corp. (IBM) and Pepco Holdings Inc. (POM ). Here are highlights from Wednesday’...