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Citi Remains on the Sidelines for Staples
Friday, May 27, 2011 - 8:06am | 114Citi remains on the sidelines for Staples, Inc. (NASDAQ: SPLS) due to: “1) 1Q comments surrounding more competitive trends in contract. “2) Guidance reduction for FY12 (lowered 10% at the midpoint) leading to a reset of consensus estimates and multiple given diminished prospects for earnings...
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Citi Comments on OfficeMax's "Weaker than Expected" 1Q Results
Friday, May 27, 2011 - 7:51am | 111Citi is commenting on OfficeMax's (NYSE: OMX) “weaker than expected 1Q results,” which “were partially driven by sales execution issues at the store level, as well as losses of accounts in delivery (without offsetting new contracts).” “Similar to SPLS commentary, management noted that they had...
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Goldman Sachs Reports on Tiffany & Company
Friday, May 27, 2011 - 7:48am | 153Goldman Sachs commented on Tiffany & Company (NYSE: TIF) in a report released yesterday. In the report, Goldman was negative in its assessment. Goldman writes, "TIF reported 1Q11 EPS of $0.67 (ex HQ charge), a dime ahead of GS, consensus and mgmt guidance. Sales were better than expected...
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Deutsche Bank Reiterates Buy Rating on Tractor Supply Company
Friday, May 27, 2011 - 7:29am | 104Deutsche Bank is reiterating its Buy rating on shares of Tractor Supply Company (NASDAQ: TSCO). “Management from TSCO participated in our recent 1-on-1 Retail conference, and we believe the take-aways from the meetings were positive,” Deutsche Bank writes. “Specifically, we believe near-term...
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Goldman Sachs Raises PT On Tiffany & Co. To $68
Friday, May 27, 2011 - 7:09am | 27Goldman Sachs has raised the price target on Tiffany & Company (NYSE: TIF) from $58 to $68 and maintains its Sell rating.
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Bank of America Raises PO On Tiffany & Co. To $85
Friday, May 27, 2011 - 6:45am | 28Bank of America has raised the price objective on Tiffany & Co. (NYSE: TIF) from $75 to $85 and maintains its Buy rating.
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Squeeze Trade 05-26-2011
Thursday, May 26, 2011 - 7:05pm | 934Cusick's Corner Sorry folks -- the Midday edition was not emailed but it is posted on the blog, www.xpoundblog.com. I did get some emails about what I meant when I said yesterday that the market looks like it will "pop." I was referring to the upside and that is what we saw into the After Hours....
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Disappointing Data 05-26-2011
Thursday, May 26, 2011 - 6:23pm | 865Cusick's Corner Stocks are trading mixed in the wake of disappointing economic data. A report released early Thursday showed Gross Domestic Product increasing at an annual rate of just 1.8 percent during the first quarter of this year. Economists were looking for an increase of 2 percent....
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CORRECTION: Peter Schiff Does Not Hold a Long Position in Tiffany's
Thursday, May 26, 2011 - 12:01pm | 88Yesterday, Benzinga published a story with the title "Hearing Peter Schiff May be Long Tiffany's." In the body of that story, Benzinga reported an unconfirmed rumor that Peter Schiff of EuroPacific Capital could be long Tiffany & Co (NYSE: TIF), as well as Trian Fund Management's Peter May....
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Tiffany (TIF) Continues to Be in the Sweet Spot
Thursday, May 26, 2011 - 10:29am | 840While Polo Ralph Lauren (RL) took a hit yesterday, the high end is still the place to be in an increasingly bifurcated society as signified by the results this morning from Tiffany (TIF). The Federal Reserve's explicit targeting of the stock market has benefited the top 10%, and especially top 1...
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Top Narrow Based Indexes For May 26
Thursday, May 26, 2011 - 10:26am | 193By 10:23 am, the Dow Jones Industrial Average was down 63.65 points, or 0.51%, to 12,331.01, while the broader Standard & Poor's 500 index had dropped 4.88 points, or 0.37%. The NASDAQ composite index rose 0.27 point, or 0.01%. Some of the narrow based indexes that are supporting the markets...
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News Summary
Thursday, May 26, 2011 - 9:57am | 303Shares of Tiffany & Co (NYSE: TIF) gained about 8.3% after the company reported its first-quarter earnings at $81.1 million, or $0.63 per share, up from $64.4 million, or $0.50 per share, in the year-earlier period. Its adjusted earnings surged to $0.67 per share, from $0.48 per share. Tiffany'...
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News Summary for May 26, 2011
Thursday, May 26, 2011 - 9:23am | 389This is your morning news summary from Benzinga for Thursday, May 26, 2011, covering overnight and pre-market news affecting today's trading session. Stock index futures were trading slightly higher this morning after the release of economic reports this morning. Equities were broadly positive on...
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Earnings Roundup For May 26
Thursday, May 26, 2011 - 8:40am | 1113H.J. Heinz Co (NYSE: HNZ) reported its fourth-quarter profit at $223.9 million, or $0.70 per share, up from $192.4 million, or $0.61 per share, in the year-earlier period. Its income from continuing operations climbed to $0.69 per share from $0.60 per share. Breaking out closing costs of $0.02 per...
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UPDATE: Tiffany Reports Better-Than-Expected Q1 Earnings, Issues Upbeat Forecast
Thursday, May 26, 2011 - 7:51am | 106Tiffany & Co (NYSE: TIF) released its results for the first-quarter on Thursday. Tiffany reported its quarterly earnings at $81.1 million, or $0.63 per share, up from $64.4 million, or $0.50 per share, in the year-earlier period. Its adjusted earnings surged to $0.67 per share, from $0.48 per...