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Company News for November 8, 2010 - Corporate Summary
Monday, November 8, 2010 - 10:39am | 684• UBS (NYSE: UBS) upgraded Intel (NASDAQ: INTC) to “buy” from "neutral," taking the price target to $25 from $20 • Shares of Boeing (NYSE: BA) weakened after reports in the Aviation Week asserted the firm had alerted several early Dreamliner customers of delays of up to ten months. However, the...
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Amazon Buys Diapers, This Deal Smells Likes Roses (AMZN)
Monday, November 8, 2010 - 10:34am | 113Amazon.com, Inc. (NASDAQ: AMZN) announced this morning it was buying Diapers.com parent Quidsi for $545 million, including debt. This is potentially a huge deal for Amazon, as diapers are the single largest expense for new parents. If Amazon can add cheaper diapers to its portfolio of products,...
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Week in Preview: Macy's, Priceline, Others Kick Off Retail Earnings
Monday, November 8, 2010 - 9:00am | 566This week, JCPenney (NYSE: JCP), Kohl's (NYSE: KSS) and Macy's (NYSE: M) are the first of the major retailers to report results for the most recent quarter. Macy's launched an American Express credit card and increased its mobile presence during the fiscal fourth quarter. The analysts surveyed by...
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Futures Slip on Dollar Strength
Monday, November 8, 2010 - 8:53am | 145Wall Street was looking at a slightly lower open on Monday as a quiet start to the week's trading and a weak dollar kept most investors on the sidelines. As of 7 a.m. in New York, the Dow Jones Industrial Average futures were down 26 points to 11350, the S&P 500 futures were down 4.7 points to...
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US Stock Futures Points Lower Start On Wall Street
Monday, November 8, 2010 - 7:16am | 262US stock futures are signaling lower start on Wall Street today. Futures on the Dow Jones Industrial Average lost 29 points to 11,347.00 and S&P 500 futures fell 5.70 points to 1,217.30. Nasdaq 100 futures dropped 7.25 to 2,177.50. The US dollar gained against its major rivals. US stock markets...
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Earnings Scheduled For November 8 (FTR, LDK, PCLN, SYY, CCO, MDR, QGEN, APEI)
Monday, November 8, 2010 - 4:31am | 209Frontier Communications (NYSE: FTR) is expected to report its Q3 EPS at $0.10 on revenue of $1.41 billion. LDK Solar Co Ltd (NYSE: LDK) is likely to report its Q3 EPS at $0.43. Priceline.com (NASDAQ: PCLN) is forecast to post its Q3 earnings at $4.97 per share on revenue of $974 million. Sysco Corp...
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3 ETFs To Play Amazon And Stay Diversified (RTH, PNQI, HHH, AMZN, WMT, TGT, EBAY, YHOO, GOOG, BIDU)
Sunday, November 7, 2010 - 11:58pm | 154As technology companies continue to generate cash and hoard it, some, like Amazon (NASDAQ: AMZN) are looking at acquiring others to broaden their current offerings paving(...)Read the rest of 3 ETFs To Play Amazon And Stay Diversified (RTH, PNQI, HHH, AMZN, WMT, TGT, EBAY, YHOO, GOOG, BIDU)...
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Amazon.com Close To Buying Quidsi For $540M
Sunday, November 7, 2010 - 9:14pm | 141Amazon.com (Nasdaq: AMZN) is reportedly close to acquiring Quidsi Inc., the parent company of Diapers.com and Soap.com, for $540 million, according to people with knowledge of the matter. An announcement could be made as early as Monday. Quidsi, which expects to ship 500 million diapers this year...
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Amazon.com Close To Buying Quidsi For $540M
Sunday, November 7, 2010 - 9:10pm | 141Amazon.com (Nasdaq: AMZN) is reportedly close to acquiring Quidsi Inc., the parent company of Diapers.com and Soap.com, for $540 million, according to people with knowledge of the matter. An announcement could be made as early as Monday. Quidsi, which expects to ship 500 million diapers this year...
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Couple Of Short Interest ETFs (KRE, XRT)
Friday, November 5, 2010 - 5:09pm | 293SPDR KBW Regional Banking ETF (NYSE: KRE) has a high short interest, as does SPDR S&P Retail ETF (NYSE: XRT). ETFs with high short interests are generally in sectors or names that people do not believe will see any meaningful appreciation anytime soon. The retail sector is one such sector. XRT...
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Zacks Analyst Blog Highlights: Amazon.com, Wynn Resorts, Netflix, Baidu.com and SIRIUS XM Radio Inc. - Press Releases
Friday, November 5, 2010 - 12:24pm | 1567For Immediate Release Chicago, IL – November 5, 2010 – Zacks.com Analyst Blog features: Amazon.com (AMZN), Wynn Resorts (WYNN), Netflix (NFLX), Baidu.com (BIDU) and SIRIUS XM Radio Inc. (SIRI ). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros...
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Blue Nile Flying After Earnings (NILE)
Friday, November 5, 2010 - 11:30am | 76Shares of Blue Nile (NASDAQ: NILE) are surging after the company reported better than expected earnings results. NILE reported EPS of $0.19 compared to analysts' consensus estimates of $0.18 and $0.17 in the year ago period. Revenues were up 0.8% year over year. The stock has gained $3.34, or 7.34...
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Blue Nile Shares Surge Despite Lackluster Outlook
Friday, November 5, 2010 - 10:22am | 127Shares of Blue Nile (NASDAQ: NILE) surged almost 10% in early trading after reporting Q3 earnings. Blue Nile reported 3Q10 results which fell short of expectations, with net revenue of $67 million, up 1% y/y, below consensus of $72 million. Adjusted EBITDA of $6.6 million, up 4% y/y, matched our...
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Blue Nile Misses Revenue Estimates (NILE)
Thursday, November 4, 2010 - 4:12pm | 137Blue Nile Inc. (NILE) reports Q3 earnings of $0.19 versus consensus of $0.18. Blue Nile Inc. reports revenues of $67.5 million versus consensus of $72.05 million. "We delivered record third quarter sales, operating income, non-GAAP adjusted EBITDA, and earnings per share in what remains a...
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11 Stocks That Are Breaking Down
Thursday, November 4, 2010 - 2:34pm | 279Today I'm providing a very contrarian stock screen in respect to the market action we are seeing today. As I've mentioned numerous times throughout today, I am a bit concerned that the market is going to have a difficult time in holding these gains, considering how over extended in just one day...