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Market Round-up (GNW, NLX-U, DVAX, BKS, BGP)
Tuesday, January 26, 2010 - 3:02pm | 409Genworth Financial (NYSE: GNW) calls active on low volatility. GNW is expected to report Q4 EPS on January 29 and February 14 calls have traded 138 times on a transaction volume of 9,021 contracts versus its open interest of 17,915 contracts. According to Track Data, GNW’s February call option...
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Benzinga’s Top Downgrades (CI, JCI, WBD, AXE, TSCO)
Tuesday, January 26, 2010 - 10:12am | 265CIGNA Corporation (NYSE: CI) declined 1.32% to $35.87 in the pre-market session after CIGNA Corporation was downgraded by Oppenheimer to Perform from Outperform and the price target set to $38. The 52-week trading range for CI is $12.68 - $39.26. CIGNA Corporation closed at $36.35 in the previous...
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Bigger Concern Behind Bad News From BBI
Thursday, January 21, 2010 - 3:55pm | 163Analysts at Janney Capital Markets downgrade Blockbuster (NYSE: BBI) to “neutral.” The fair value for BBI has been reduced to $0.75. Blockbuster has cut its adjusted EBITDA outlook for FY09 from $270-$290 million to $195-$205 million, as compared to the estimate of $245 million and the Street...
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Benzinga’s Top Downgrades (BSX, NI, BBI, MS)
Thursday, January 21, 2010 - 10:08am | 232Boston Scientific Corporation (NYSE: BSX) declined 1.16% to $9.37 in the pre-market session after Boston Scientific Corporation was downgraded by Bernstein to Market Perform from Outperform and the price target reduced to $10.50 from $11. The 52-week trading range for BSX is $6.08 - $11.77. Boston...
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More Bad News For Blockbuster
Wednesday, January 20, 2010 - 7:18pm | 101More bad news for shareholders of Blockbuster Inc. (NYSE: BBI). The company reported late Wednesday that its performance over the holiday season was "well below expectations." Due to the poorer than expected results, the company said it now expects adjusted earnings before interest, taxes,...
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Company News for January 20, 2010 - Corporate Summary
Wednesday, January 20, 2010 - 10:26am | 208• Bank of America (NYSE:BAC) reported a larger-than-expected fourth quarter loss of 60 cents a share ahead of Zacks expectations of 54 cents a share versus a 48 cents year-ago loss. Revenues rose 59%, helped by the Merrill acquisition, to $25.4 billion. Increased credit costs, lower net income...
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Cabela’s Inc’s. (CAB) Stock Expensive Due To Lack Of Square Footage Growth
Friday, January 15, 2010 - 12:49pm | 93Credit Suisse reiterated an Underperform rating for Cabela’s Inc. (NYSE: CAB) with a price target of $9.00. The firm increased its 4Q09 estimates to reflect better than previously forecasted sales. The firm believes that while Cabela’s will meet 4Q consensus expectations, all segments are expected...
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TIF Sees Broad-Based Sales Recovery
Thursday, January 14, 2010 - 11:04am | 124Analysts at KeyBanc Capital Markets maintain their "buy" rating on Tiffany & Co (NYSE: TIF), while raising their estimates for the company. The target price for TIF is set to $50. According to KeyBanc Capital Markets, Tiffany & Co Luxury Is Back is witnessing robust comp trends, despite the...
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NYSE Top 10 Gainers (BGP, BZ, CBC, EK, JCI, GK, etc)
Thursday, January 14, 2010 - 10:46am | 498The top ten gainers on the NYSE come from an assortment of industries ranging from book selling to holding companies to storage device manufacturers. Borders Group Inc. (NYSE: BGP) tops the list of gainers on the NYSE. Borders Group, through its subsidiaries, operates book, music and movie stores....
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NYSE Top 10 Gainers (BGP, BZ, CBC, EK, JCI, GK, etc)
Thursday, January 14, 2010 - 10:44am | 498The top ten gainers on the NYSE come from an assortment of industries ranging from book selling to holding companies to storage device manufacturers. Borders Group Inc. (NYSE: BGP) tops the list of gainers on the NYSE. Borders Group, through its subsidiaries, operates book, music and movie stores....
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Biggest NYSE Losers (KYN, AMX, ZLC, PKX, MON, MED)
Thursday, January 14, 2010 - 10:21am | 373Kayne Anderson MLP Investment Co. (NYSE: KYN) plunged 6.80% to $23.56 in the pre-market session. Kayne Anderson today announced that it has commenced a public offering of 5,500,000 shares of its common stock. In the last year, KYN is up over 45%. KYN closed at $25.28 in the last trading session....
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Zale CEO Departs, Shares Tumble
Wednesday, January 13, 2010 - 7:18pm | 92Struggling jewelry retailer Zale Corp. (NYSE: ZLC) announced Wednesday that three top executives have left the company. Shares plummeted nearly 12% to $2.86 in after hours trading. The company said that CEO Neal Goldberg was one of three executives that left the company, effective immediately. Mr...
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Zale Moving In After Hours (ZLC)
Wednesday, January 13, 2010 - 7:15pm | 150A press release which stated that Zale Corporation's (NYSE: ZLC) Chief Executive Officer, Neal Goldberg, Chief Stores Officer, William Acevedo, and Chief Merchandising Officer, Mary Kwan have left the company effective immediately has sent the company's shares into a nosedive in the after hours....
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Big 5 Sporting Goods (BGFV) Narrows Outlook
Wednesday, January 13, 2010 - 11:18am | 94Big 5 Sporting Goods Corp. (NASDAQ: BGFV) reduced the upper end of its fourth-quarter earnings outlook range as sales of its winter product categories were weaker than it had expected. CEO and Chairman Steven Miller said that sales of winter clothing were hurt by weather conditions in the West,...
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Cramer Says Time To Buy AA, Sell APOL, WNR and ACTI
Wednesday, January 13, 2010 - 7:35am | 354In his “Mad Money” show, Cramer said that the markets need a breather, which was provided by Obama's most recent plans to penalize financial institutions. Jim Cramer advocated buying Alcoa (NYSE: AA) and emphasized that the company’s cash flow numbers signaled a recovery in all sectors, ranging...