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U.S. Stocks' Rally Doesn't Let Up
Tuesday, June 21, 2011 - 1:40pm | 75The stock market held on to sharp gains in early afternoon trading. The Nasdaq surged 1.8%, the NYSE composite 1.3% and the S&P 500 1.1%. Volume was tracking higher -- a fairly easy goal given yesterday's light trading. Winners led losing stocks by 5-1 on the NYSE and by 7-2 on the Nasdaq. Ulta...
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Barnes & Noble Down On Earnings Miss
Tuesday, June 21, 2011 - 11:19am | 188Barnes & Noble, Inc. (NYSE: BKS) shares are down, but well off the lows of the session after the book seller reported earnings this morning that missed Wall Street consensus. The company reported a quarterly loss of $1.04 per share on $943 million in revenues. Wall Street had been expecting a...
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Market Roundup
Tuesday, June 21, 2011 - 10:49am | 392Shares of Jefferies Group Inc (NYSE: JEF) fell about 1.3% after the company reported a 3.8% drop in its fiscal second-quarter profit on Tuesday. Jefferies reported its quarterly profit at $80.6 million, or $0.36 per share, down from $83.8 million, or $0.41 per share, in the year-earlier period....
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Top Performing Industries For June 21
Tuesday, June 21, 2011 - 10:07am | 172At 10:03 am, the Dow rose 0.59% to 12,151.49, the broader Standard & Poor's 500 index moved up 0.83% to 1,289.00 and the NASDAQ composite index gained 1.15% to 2,659.82. The industries that are driving the market today are: Internet Service Providers: This industry jumped 3.99% by 10:03 am....
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UPDATE: Barnes & Noble Reports Wider-Than-Expected Q4 Loss
Tuesday, June 21, 2011 - 9:17am | 94Barnes & Noble Inc (NYSE: BKS) released its results for the fourth quarter on Tuesday. Barnes & Noble reported a quarterly loss at $59 million, or $1.04 per share, versus a loss of $32 million, or $0.58 per share, in the year-earlier period. Its quarterly revenue rose 4% to $1.4 billion....
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10 Stocks Trading at a Huge Discount
Tuesday, June 21, 2011 - 8:01am | 585To Subject Sent Size Categories adam@shareplanner.com FW: {Disarmed} joseph pusateri canceled automatic payments to you Sun 9:08 PM 24 KB adam@shareplanner.com FW: {Disarmed} You received a payment Sun 9:07 PM 27 KB adam@shareplanner.com FW: {Disarmed} You received a payment Sun 9:06 PM 27 KB adam@...
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US Stock Futures Signal Higher Start On Wall Street
Tuesday, June 21, 2011 - 6:21am | 483US stock futures are higher this morning, ahead of a confidence vote in the Greek parliament later in the day. Futures on the Dow Jones Industrial Average surged 41 points to 12,054.00 and futures on the S&P 500 stock index rose 4.90 points to 1,278.70. Nasdaq 100 futures gained 7.50 points to...
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Earnings Scheduled For June 21
Tuesday, June 21, 2011 - 12:20am | 331Jabil Circuit Inc (NYSE: JBL) is projected to report its FQ3 earnings at $0.57 per share on revenue of $4.14 billion. Barnes & Noble Inc (NYSE: BKS) is estimated to post a FQ4 loss at $0.91 per share on revenue of $1.39 billion. Commercial Metals Company (NYSE: CMC) is expected to report its...
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Fast Money Pops & Drops, June 20th (AGU, BX, PETM, CAT, RIMM)
Monday, June 20, 2011 - 7:07pm | 241Guy Adami said on CNBC's Fast Money that Agrium (NYSE: AGU) jumped 4.05%, after it raised its guidance. He thinks that Agrium Inc. (USA) (AGU) looks attractive at $83 or $84. Dan Nathan said that The Blackstone Group L.P. (NYSE: BX) might make an acquisition in Europe next week. The Blackstone...
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Market Roundup
Monday, June 20, 2011 - 10:42am | 217Shares of Carpenter Technology Corp (NYSE: CRS) surged about 10% after the company announced its plans to buy Latrobe Specialty Metals Inc for $558 million. Latrobe's shareholders will own around 15.5% of Carpenter's outstanding common stock. The deal is expected to close by September 30. Shares...
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Five Stocks for Wimbledon
Monday, June 20, 2011 - 10:22am | 331This week sees the start of the Wimbledon tennis tournament in London, England. As English events this year go, Wimbledon is far more interesting than the Royal Wedding. Will it rain heavily, as tradition dictates? How many strawberries with cream will be consumed? Which female player will have the...
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Oppenheimer Maintains Perform on Office Depot
Monday, June 20, 2011 - 9:17am | 168Oppenheimer is out with its report today on Office Depot (NYSE: ODP), maintaining Perform. In a note to clients, Oppenheimer writes, "A still very challenging economic environment and particularly weak white collar jobs growth continue to weigh significantly upon sales growth in the office...
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Goldman Sachs Raises PT On Barnes & Noble To $19
Monday, June 20, 2011 - 7:09am | 27Goldman Sachs has raised the price target on Barnes & Noble (NYSE: BKS) from $14 to $19 and maintains its Neutral rating.
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US Stock Futures Down On Greek Rescue Delay
Monday, June 20, 2011 - 6:34am | 345US stock futures are lower this morning, after euro zone finance ministers postponed a decision on a Greek bailout package. Futures on the Dow Jones Industrial Average dipped 60 points to 11,878.00 and futures on the S&P 500 stock index fell 6.60 points to 1,259.40. Nasdaq 100 futures dropped...
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Stocks To Watch For June 20
Monday, June 20, 2011 - 1:17am | 239Some of the stocks that may grab investor focus today are: PetSmart Inc (NASDAQ: PETM) announced its plans to repurchase $450 million in company stock and lift its quarterly dividend to 14.5 cents per share, up from the current $0.12 per share. PETM shares dropped 0.14% to close at $43.39 on...