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Goldman Does Not Like Barnes & Noble
Monday, November 16, 2009 - 2:33pm | 81Goldman Sachs reiterated its Sell rating on shares of Barnes & Noble (NYSE: BKS), following the doubling of a stake in the company by private equity investor Ron Burkle. Burkle increased his holdings in Barnes & Noble from 8% to 17%, however Goldman believes that this purchase does not...
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Today's Morning Top Gainers (EWBC, PERF, REV, MRM, KGN)
Monday, November 9, 2009 - 12:14pm | 234East West Bancorp, Inc. (NASDAQ: EWBC) is the top percentage gainers in morning trade and surged over 49% to $12.94 on huge volume of 7.30 million shares as East West Bancorp is supposed to host a call today to discuss the acquisition of the operations of United Commercial Bank. Perfumania Holdings...
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OfficeMax (OMX) Reports 2009 Q3 Financial Results
Thursday, October 29, 2009 - 7:28am | 77OfficeMax Incorporated (NYSE: OMX) announced the results for its third quarter ended September 26, 2009. Total sales were $1,831.9M in the third quarter of 2009, a decline of 12.6% from the third quarter of 2008. For the third quarter of 2009, OfficeMax reported net income available to OfficeMax...
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Jim Cramer Says Amazon.com Headed To $150 (AMZN)
Monday, October 26, 2009 - 9:55am | 187This morning on Squawk on the Street, TheStreet (TSCM Chairman Jim Cramer said Amazon.com (Nasdaq: AMZN) is headed to $150. Cramer said, "Amazon could go to $150 with this momentum and when the Zappos deal closes." Erin Burnett added an interesting point as to one of the reasons why Amazon...
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Nelson Peltz Legg Mason’s New Board Member
Monday, October 26, 2009 - 7:20am | 163Legg Mason Inc (NYSE: LM) may have a new board member. According the Wall Street Journal, Nelson Peltz might be the new addition. Peltz has acquired 4.3% stake in Legg Mason. Once he is added as a new board member, however, Peltz may be asked to restrict his stock acquisition to 9.9% in Legg Mason...
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Fast Money Picks For Tuesday (QCOM, YHOO, STLD, BKS, WMT, POT)
Monday, October 19, 2009 - 7:13pm | 164CNBC's Fast Money Joe Terranova thinks that Steel Dynamics (NASDAQ: STLD) is returning to profitability and recommends it as a buy. Steel Dynamics (STLD) fell 0.45% in regular trading and gained 2.48% in after-hours. Guy Adami likes valuations of Qualcomm (NASDAQ: QCOM) and thinks its stocks should...
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Dollar Worries Corporate America
Monday, October 19, 2009 - 8:19am | 135Corporate bigwigs are concerned about the credibility of the US dollar during this turbulent phase, with fears of rising inflation that could damage the economy. After its falling to a 14-month low, CEOs like Steve Odland, of Office Depot Inc. (NYSE: ODP) are worried about devaluation and its...
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Petsmart (PETM) Raises Guidance
Thursday, October 15, 2009 - 9:05am | 77PetSmart, Inc. (NASDAQ: PETM) raises Q3 EPS guidance to $0.25 to $0.29 versus the Street view of $0.22 and PETM's raises full year guidance to $1.43 to $1.51 versus the Street view of $1.42. "Although challenges still exist in the macro economy, we continue to strengthen our position as the leader...
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Today's Morning Top Gainers (PIR, STAR, DRJ, SVA, UPI)
Tuesday, October 13, 2009 - 11:59am | 220Pier 1 Imports, Inc. (NYSE: PIR) is today’s top percentage gainer in morning trade and surged 19.50% today to $5.27 on an unusual huge volume of 10.69 million shares as fter the retailer of imported home furnishings said September sales at stores open at least one year increased 9.9 percent from a...
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Today's Morning Top Gainers (SNEN, MRNA, BBW, AMD, BX)
Monday, October 12, 2009 - 11:40am | 287Sinoenergy Corporation (NASDAQ: SNEN) is today’s top percentage gainer in morning trade and surged 41.41% today to $1.81 on an unusual huge volume of 1.53 million shares as it has entered into an agreement with Skywide Capital Management Limited, pursuant to which the Company will be merged with...
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Build-A-Bear Workshop (BBW) Rallies On Upgrade
Monday, October 12, 2009 - 11:08am | 64Build-A-Bear Workshop (NYSE: BBW) is rallying today with the upgrade from BMO Capital Markets. BMO upgraded the custom teddy bear retailer to 'outperform' from 'market perform'. Their price target was also raised from $5/share to $6/share. Build-A-Bear's shares are up 16% to $5.68 in mid morning...
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Barnes and Noble (BKS) To Introduce A Book Reader
Thursday, October 8, 2009 - 3:35pm | 18Barnes and Noble (BKS) to introduce a book reader, according to the WSJ.
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Tractor Supply Company (TSCO) Climbs 6% in Pre market on Better Outlook
Thursday, October 8, 2009 - 8:48am | 139Today Tractor Supply Company (NASDAQ: TSCO) announced that for third quarter of 2009, it expects net income to be approximately $21.1-$22.2 million and net income per diluted share (EPS) of $0.58-$0.60. While analysts were expecting the Company to report net profit of $16.8 million and EPS of $0.46...
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Today’s Earnings Preview (STZ,CAN,BLUD,GPN,ZLC)
Thursday, October 1, 2009 - 7:02am | 214Constellation Brands, Inc. (NYSE: STZ) is expected to report second-quarter earnings of 42 cents a share, according to analysts surveyed by FactSet Research. Wednesday, shares of STZ closed at $15.15. Accenture Plc (NYSE: ACN) is expected to report earnings of 63 cents a share in the fiscal fourth...
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Needham Growth Is Buying Industrial And Retail Stocks
Monday, September 28, 2009 - 5:18pm | 191Bernard Lirola of Needham Growth is currently buying retail stocks and industrial stocks. They think that retail stocks have a lot of leverage over manufacturers and that retailers started to offer exclusive products which will lower price competition. One of their favorites is Dick's Sporting...