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LOW Q2 Sales Guidance Seems Conservative
Tuesday, May 18, 2010 - 1:42pm | 199Analysts at Jefferies & Co reiterate their "buy" rating on Lowe's Cos (NYSE: LOW), while raising their estimates for the company. The target price for LOWE is set to $32. LOW has posted better-than-expected Q1 results. According to Jefferies & Co, it seems that Lowe's sales guidance could “...
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Stock Market News for May 18, 2010 - Market News
Tuesday, May 18, 2010 - 9:57am | 431U.S. stocks closed with marginal gains on Monday even as Europe’s debt malaise showed no signs of easing. The euro, meanwhile, rebounded from a four-year low against the U.S. dollar as traders picked up the battered currency. Investors were also concerned about how Europe will manage the fiscal...
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Company News for May 18, 2010 - Corporate Summary
Tuesday, May 18, 2010 - 9:57am | 268• Berkshire Hathaway (NYSE:BRKA) cut its exposure in Kraft (NYSE:KFT) by 23% in the first quarter. Kraft shares had rallied yesterday following a Barron's article, which advised the company's Cadbury purchase could help expand revenues and lower costs, a deal which was opposed by Buffett. ...
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US Stock Futures Indicate Brighter Opening Today
Tuesday, May 18, 2010 - 8:57am | 237US stock futures moved up today ahead of the series of economic reports scheduled for the day. While futures on the Dow Jones Industrial Average added 46 points to 10645 a couple of hours before the start of trading, those on the S&P 500 moved up 5.9 points to 1140.4. Meanwhile, Nasdaq 100...
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Home Depot (HD) Rises On 41% Jump In Q1 Earnings
Tuesday, May 18, 2010 - 8:55am | 158The world's largest home improvement retailer, Home Depot (NYSE: HD), reported a 41% jump in its fiscal Q1 earnings, driven by higher demand for appliances. The Atlanta-based company reported strong Q1 earnings at $0.43 per share, or $725 million, up from $0.30 per share, or $514 million in the...
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Home Depot (HD) Reports 41% Increase In First-Quarter Profit
Tuesday, May 18, 2010 - 7:51am | 122Home Depot, Inc. (NYSE: HD) reported a 41% increase in first-quarter profit, today. The company reported first-quarter profit of $725 million, or $0.43 per share, compared with a profit of $514 million, or $0.30 per share reported for the same period last year. Excluding one-time items, the company...
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Home Depot (HD) Rises On 41% Jump In Q1 Earnings
Tuesday, May 18, 2010 - 7:14am | 158The world's largest home improvement retailer, Home Depot (NYSE: HD), reported a 41% jump in its fiscal Q1 earnings, driven by higher demand for appliances. The Atlanta-based company reported strong Q1 earnings at $0.43 per share, or $725 million, up from $0.30 per share, or $514 million in the...
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Stocks To Watch For May 18 (HPQ, WMT, SKS, ANF, HD)
Tuesday, May 18, 2010 - 6:25am | 186Some of the companies that may grab investor focus today are: Hewlitt-Packard (NYSE: HPQ) is expected to report an EPS of $1.05 for the fiscal second quarter. HPQ’s shares gained 0.61% to $47.81 in after hours trading. Analysts are expecting Wal-Mart (NYSE: WMT) to have earned $0.85 in the first...
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Lowe's (LOW) Shares Fall 3% Despite Positive Results
Monday, May 17, 2010 - 4:23pm | 110Shares of Lowe's Companies, Inc. (NYSE: LOW) closed Monday trading down 3.11% at $25.26 per share. Lowe's Companies, Inc. on Monday before the market opened released financial results that beat Wall Street expectations. The home improvement chain reported that its 1st quarter earnings rose to $489...
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Afternoon Market Update (LOW, M, TRI)
Monday, May 17, 2010 - 2:46pm | 198Lowe’s Co (NYSE: LOW) posted a 2.7% increase in its Q1 profit, driven by the demand for bigger-ticket items from refrigerators. Even after reporting better-than-expected profit, the shares of LOW dropped by 4.6%, as the company gave Q2 forecasts that were below Street expectations. The Chief...
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Can Lowe’s (LOW) Give Us Clues About Home Depot (HD)?
Monday, May 17, 2010 - 2:27pm | 1927Sometimes, as traders, we have to work with what we have and that’s not always a bad thing. What we currently “have” as of Monday morning is the knowledge of how Lowe’s Corp. (NYSE: LOW) performed in the last quarter, which can help us theorize the likely performance of a close peer, Home Depot (...
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Verizon FiOS TV Adds Time Warner - Analyst Blog
Monday, May 17, 2010 - 12:39pm | 527Verizon (VZ) has announced a major enhancement to its FiOS TV service by adding the network services of media giant Time Warner Inc. (TWX). The US wireless ace has reportedly signed a pact with Time Warner under which the latter’s popular online TV content will be featured on FiOS TV starting June...
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Retail Stocks Sink As LOW’s Forecast Misses Estimates
Monday, May 17, 2010 - 11:10am | 238Retail stocks plunged today after America’s second largest US home-improvement retailer, Lowe's Companies Inc (NYSE: LOW), announced a Q2 profit forecast that fell short of the Street view. LOW is the third retailer after JC Penney Company (NYSE: JCP) and Kohl's Corp (NYSE: KSS) to give cautious...
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Lowes Moves Lower After Earnings; Puts Active
Monday, May 17, 2010 - 10:17am | 89Shares of Lowes Inc. (NYSE: LOW) are trading lower by over 5.00% today, currently trading $24.70, after the company reported earnings that disappointed the Street. The stock has now broken down, through the 50-day moving average, and looks to be headed lower, at least toward the 200-day moving...
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Stock Market News for May 17, 2010 - Market News
Monday, May 17, 2010 - 10:05am | 398Concerns that the debt crisis in Europe could slow the global economic rebound overshadowed stronger-than-expected reports on retail sales and industrial production and sent U.S. stocks sharply lower on Friday. Investors also questioned the efficacy of frugality measures being instituted by...