-
Barnes & Noble Juggles Its Management (BKS)
Thursday, March 18, 2010 - 2:13pm | 139Barnes & Noble Inc. (NYSE: BKS) has appointed William Lynch as its new chief executive officer. William Lynch is presently the president of Barnes & Noble’s (BKS) web site. He will replace Steve Riggio, who has held the office since 2002. Steve Riggio will retain his position as vice...
-
JAS Gains Profitable Market Share
Thursday, March 18, 2010 - 1:44pm | 157Analysts at Soleil Securities reiterate their "buy" rating on Jo-Ann Stores (NYSE: JAS). The target price for JAS is set to $40.45. According to Soleil Securities, “Within the past week, earnings releases by two competitors - Hancock Fabrics (NASDAQ: HKFI) and AC Moore (NASDAQ: ACMR) suggest that...
-
Top 5 Stocks For March 18, 2010 (FDX, GME, ROST, PALM, BBI)
Thursday, March 18, 2010 - 7:05am | 262Analysts are expecting FedEx Corp (NYSE: FDX) to post earnings of $0.72 per share for the latest quarter. FDX is set to post its results before the opening bell. FDX gained 0.53% to $90.28 in after hours trading. Read more about this company here. GameStop Corp (NYSE: GME) had forecasted an EPS of...
-
What are Blockbuster’s Options?
Thursday, March 18, 2010 - 2:53am | 528Shares of Blockbuster (BBI) dropped to 28 cents today after the stock lost 29.18% of its value. A Chapter 11 bankruptcy appears highly likely as the firm is saddled with debt. Blockbuster is dealing with declining earnings, profitability, and market share. I wrote a post last March about how...
-
Market Roundup (CROX, BBI, AA, GOOG, PLCM)
Wednesday, March 17, 2010 - 2:29pm | 274Crocs (NASDAQ: CROX) shares had a nice run up after Piper Jaffray reiterated its “overweight” rating and raised its price target from $8.50 to $9. Following its two-day meeting with CROX senior management, Piper Jaffray’s confidence in the company’s leadership, growth strategies and global market...
-
Blockbuster May File For Bankruptcy (BBI, NFLX)
Wednesday, March 17, 2010 - 11:39am | 137Video-rental chain Blockbuster Inc. (NYSE: BBI) is considering filing for bankruptcy. The company has been struggling with mounting debt. According to a regulatory filing made by Blockbuster, the company is unable to address its debt commitments. The rental chain stated in the filing that the debt...
-
Benzinga’s Top Downgrades (FUQI, TEG, TSCO, SBNY, SHPGY)
Wednesday, March 17, 2010 - 9:21am | 249Fuqi International Inc (NASDAQ: FUQI) was downgraded by Oppenheimer from “outperform” to “perform.” FUQI closed at $19 yesterday. FUQI has a 52-week trading range of $3.59-$32.68. Read more about this company here. Sun Trust Robinson Humphrey downgraded Integrys Energy Group Inc (NYSE: TEG) from “...
-
U.S. Equity Market Preview (BBI, DFS, FMCN, FUQI, HIG)
Wednesday, March 17, 2010 - 8:15am | 297Shares of the following companies may see some unusual movements in trading on Wednesday, according to Bloomberg. Blockbuster, Inc. (NYSE: BBI), a loss making video-rental chain, said that it may file for bankruptcy. The video-rental chain has $855.9 million in debt on its balance sheet....
-
Tractor Supply And Shire Downgraded
Wednesday, March 17, 2010 - 8:10am | 111Tractor Supply Company (NASDAQ: TSCO) declined 1% to $59.68 in the pre-market session. Tractor Supply was downgraded today by FBR Capital to Underperform from Market Perform but the price target increased from $47 to $51. TSCO made a new 52 week high at $60.40 in the previous trading session. TSCO...
-
Top 5 Stocks For March 17, 2010 (RIMM, GES, IHR, ACMR, HOG)
Wednesday, March 17, 2010 - 7:18am | 264Blackberry maker, Research in Motion (NASDAQ: RIMM) has projected an EPS of $1.27 for the latest quarter. RIMM will announce the results after the market closes today. RIMM gained 0.17% to $75.28 in after hours trading. Read more about this company here. Analysts are expecting Guess? Inc (NYSE:...
-
Retailers Continue March Higher In March (RTH, RLX, JWN, ANF, ANN, TIF)
Tuesday, March 16, 2010 - 5:35pm | 227Retailers cannot be stopped! Whether they be discount, high-end, mall-based or department stores, almost everywhere you look a retail stock is making a new 52-week high. The Retail HOLDRS Trust ETF (NYSE: RTH) and SPDR S&P Retail ETF (NYSE: RLX) both hit new 52-week highs today. Nordstrom Inc...
-
Top Performing Industries For March 16 (MPEL, HOG, OPXT, CBI, ZLC)
Tuesday, March 16, 2010 - 3:37pm | 347At 2:45 p.m., Dow gained 7.26, or 0.07%, to 10,649.41, while the broader Standard & Poor's 500 index rose 4.00, or 0.35%, to 1,154.51. The Nasdaq composite index moved up 6.20, or 0.26%, to 2,368.41. The industries that are driving the market today are: Resorts & Casinos: The top gainer of...
-
Exploring New Strategy Ideas and Potential New Long and Short Ideas for the Week
Tuesday, March 16, 2010 - 10:33am | 1653Follow this link for a pdf of this report: Ascendere Equity Strategy, Long and Short Ideas, March 12, 2010. Track weekly long/short focus list ideas here. Time permitting, we have decided on a weekly basis to share some general equity strategy themes we are working on and updated long and short...
-
Volume Talks Monday: A Potential Option Straddle Play
Tuesday, March 16, 2010 - 10:03am | 2447Today's breakout report is for Monday March 15, 2010. If this is your first time reading one of my breakout reports you'll want to read the section below, however if you are familiar with my daily breakout report you should skip ahead to the list of stocks. To reiterate previous blog posts like...
-
Investors Are Turning To Small and Mid Cap ETFs In 2010
Monday, March 15, 2010 - 4:50pm | 1603“An ETF for U.S. small-cap stocks, iShares S&P Small Cap 600 Index Fund (IJR), set a fresh 52-week high on Friday and is trading at levels last seen right around Lehman Brothers filed for bankruptcy in September 2008. Small and mid-sized stocks have outpaced large-cap shares measured by the...