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Changes on the Board of Directors Might Be Beneficial to Blockbuster Inc.
Tuesday, April 13, 2010 - 9:08am | 731By Relmor Demitrius - After a controversial and disappointing run on the Blockbuster (NYSE:BBI) board of directors, Carl Icahn has removed himself from the board and sold off all this shares. Also, a large block stockholder so worried about the state of his company has filed a proxy to join the...
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Retail Sector Moving Up Following An Upgrade By Moody's (BGP, GE, RSH, BBY, BKS, CHS)
Monday, April 12, 2010 - 2:55pm | 355The retail industry has moved into positive territory after Moody's Investors Service upgraded the sector and said that it expects credit conditions to improve for the industry over the next 12 to 18 months. Moody's also expects operating income in the sector to grow in mid-single digits, driven by...
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Recovery In The Offing With Inventory Building (TIF, HD, JPM)
Monday, April 12, 2010 - 1:45pm | 477According to a report by Bloomberg, in what is a positive sign for the economy, companies have now started restocking their shelves. This will boost economic growth and hopefully keep the recovery on track this year. On March 22, James Fernandez, the Chief Financial Officer of Tiffany (NYSE: TIF),...
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Interest Rates Will Only Go Up (ANF, TIF, HOG)
Sunday, April 11, 2010 - 5:25pm | 316The economy may be on the mend, but the consumer may never again be the same thanks to rising interest rates. A New York Times piece today discusses the topic of rising interest rates that is the result of the nation's ever-growing debt and prospects for inflation as growth resumes. American...
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Stock Market News – Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Chevron (NYSE:CVX)
Friday, April 9, 2010 - 12:49pm | 984It’s being reported by the Wall St. Journal that 18 banks intentionally lowered their debt levels, including mega-lenders Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), and Morgan Stanley (NYSE:MS). According to the data released by the Federal Reserve Bank of New York,...
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Stock Market News – Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Chevron (NYSE:CVX)
Friday, April 9, 2010 - 12:49pm | 984It’s being reported by the Wall St. Journal that 18 banks intentionally lowered their debt levels, including mega-lenders Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), and Morgan Stanley (NYSE:MS). According to the data released by the Federal Reserve Bank of New York,...
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ZLC Cut To Sell
Friday, April 9, 2010 - 12:33pm | 45Analysts at Soleil downgrade Zale (NYSE: ZLC) from “hold” to “sell.” The price target for ZLC is set to $2. Shares of ZLC closed at $3.80 yesterday. More Analyst Ratings here.
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Borders Sky-Rockets
Friday, April 9, 2010 - 11:56am | 182Hats-off to Bill Ackman, Whitney Tilson, and all the other “Hedgies” that have been piling into Borders Group (NYSE: BGP); they are being rewarded today. The stock is trading higher by over 13.28% to $3.07; it is up 27.3% on the week alone. GE Capital, Corporate Retail Finance announced that it...
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Borders Group Gaining On News Of GE Loan (BGP, GE)
Friday, April 9, 2010 - 10:47am | 149GE Capital announced today that it was the co-collateral agent on a $700 million asset-based credit facility for Borders Group (NYSE: BGP). “As a long-term GE customer, we appreciate their knowledge of our business and ongoing support,” said Mike Bierley, CFO for Borders Group. “Throughout the...
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Stocks That Have Crossed 52-Week Highs (GOLF, HCSG, HBOS, HBNC, WYNN)
Thursday, April 8, 2010 - 3:13pm | 216Golfsmith International Holdings, Inc (NASDAQ: GOLF) crossed its earlier 52-week high of $4.25 and created a new 52-week high of $4.38. GOLF has reopened an interactive playground for Chicagoland golfers. Healthcare Services Group, Inc (NASDAQ: HCSG) moved to $23.17 on a total volume of 66,000...
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Retail Movers (PIR, ZLC, HOTT)
Thursday, April 8, 2010 - 11:58am | 178Some retailers are enjoying hefty gains today. Here is the rundown on a few of the movers: Pier 1 Imports (NYSE: PIR) posted a profit of $35 million during the fourth quarter. Same-store sales rose 6.5 percent for the quarter. The retailer said sales and margin trends that it saw in the second half...
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FBR Capital Markets Raises Price Target For Tractor Supply Company (TSCO)
Thursday, April 8, 2010 - 11:45am | 92Analysts Stephen Chick and Anne E. McCormick at FBR Capital Markets have raised the price target for Tractor Supply Company (NASDAQ: TSCO) from $51 to $59. The price target has been raised following upwardly preannounced results by the company. Analysts have also raised their 2010 EPS estimate for...
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PowerShares Small Cap Sector ETFs Hit the Tape
Thursday, April 8, 2010 - 3:02am | 1157PowerShares launched a suite of small-cap sector ETFs based on the S&P SmallCap 600 Index yesterday (4/7/10). These nine new ETFs are the first to provide sector-specific exposure within the U.S. small-cap stock market. I have long been a fan of sector and industry-focused funds, and I warmly...
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Blockbuster Signs A New Deal With Studios (BBI, NWSA, SNE)
Wednesday, April 7, 2010 - 4:53pm | 138Blockbuster Inc. (NYSE: BBI) has signed a new deal with News Corporation´s (NASDAQ: NWSA) Twentieth Century Fox and Sony Corp. studios (ADR)(NYSE: SNE). The new deal is likely to infuse a fresh lease of life into the ailing DVD rental company. Under the new agreement, Blockbuster will have quicker...
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TSCO Achieves Impressive Margin Upside In Q1
Wednesday, April 7, 2010 - 3:33pm | 118Analysts at Janney Capital Markets reiterate their “neutral” rating on Tractor Supply Company (NASDAQ: TSCO). The fair value estimate for TSCO has been raised from $48 to $53. Tractor Supply has pre-announced solid quarterly results, with an EPS range of $0.22 to $0.24 versus expectations of $0.01...