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Barnes & Noble CEO Says Company Has Over 25% of E-Book Market and Announces Smaller E-Reader
Tuesday, May 24, 2011 - 10:27am | 82Barnes & Noble (NYSE: BKS) CEO William Lynch speaks at press conference. Lynch says, "company has over 25% of e-book market... nook color second to apple (NASDAQ: AAPL) ipad in tablet sales." Lynch also announces a smaller E-reader. He says, "new e-reader 6-inch display, 7.5 ounces... e-...
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Options Brief: Office Depot, Inc.
Tuesday, May 24, 2011 - 10:23am | 83Shares of Office Depot, Inc. (NYSE: ODP) are higher on the session by 3.73%, trading at $4.17. Overall call volume is now running at 2.02x the daily average, with 70% of all calls traded being purchases on the offer. 5,329 contracts have traded on the session so far. Office Depot, Inc. is a...
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Top Performing Industries For May 24
Tuesday, May 24, 2011 - 10:05am | 201At 10:04 am, the Dow rose 0.21% to 12,406.81, the broader Standard & Poor's 500 index moved up 0.38% to 1,322.35 and the NASDAQ composite index gained 0.14% to 2,762.72. The industries that are driving the market today are: Auto Parts Stores: This industry jumped 2.95% by 10:04 am. The top...
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Citi Reports Office Depot Appoints Neil Austrian As Chairman And CEO
Tuesday, May 24, 2011 - 7:24am | 161According to Citi, Office Depot (NYSE: ODP) announced AMC today that it was naming Neil Austrian, previously interim Chairman and CEO, as permanent Chairman and CEO. Citi said that it views today's announcement as a net positive. “1) We believe the market will positively view increased management...
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Risk Off Continues 05-23-2011
Monday, May 23, 2011 - 6:35pm | 918Cusick's Corner Risk off trade continued into the After Hours and there was no real pressure on the shorts. Finance, XLF, is not a sector where we want to see any weakness if this market is going to get some potential legs to the upside. Bonds, TLT, may be on the move higher today, but I will be...
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Office Depot Names Neil Austrian Chairman and CEO
Monday, May 23, 2011 - 4:35pm | 63Office Depot (NYSE: ODP) today announced that its Board of Directors has named Neil Austrian as Chairman and Chief Executive Officer. Austrian previously served as Interim Chairman and Chief Executive Officer of Office Depot. He has been in that role since November 1, 2010, leading the Company...
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Liberty Says Talks With Netflix Are Ongoing, Potential Issues With Barnes & Nobles Regarding Price Or Other Bidders
Monday, May 23, 2011 - 11:55am | 70Liberty (NASDAQ: LINTA) says talks with Netflix (NASDAQ: NFLX) are ongoing. Liberty says, "the issues are price or other potential bidders... Barnes & Nobles (NYSE: BKS) transition to digital is attractive... we expect the android platform to 'dominate' market... QVC could do well selling...
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UPDATE: Piper Jaffray Raises PT on Hibbett Sports to $40
Monday, May 23, 2011 - 8:09am | 111Piper Jaffray is out with its report today on Hibbett Sports (NASDAQ: HIBB), raising its PT from $32 to $40. In a note to clients, Piper Jaffray writes, "We are maintaining our Neutral rating but raising our PT to $40 from $32. While HIBB's 6.8% comp vs. 14.5% last year and y/y gross margin...
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Wunderlich Securities Provided Color on Liberty Capital Group, Buy and $95 PT
Monday, May 23, 2011 - 6:54am | 234Wunderlich Securities provided color on Liberty Capital Group (NASDAQ: LCAPA), after the Group indicated its interest in acquiring Barnes and Nobles (NYSE: BKS). In a research report published today, Wunderlich described the Group's interest in Barnes and Noble. In the report, Wunderlich states...
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Piper Jaffray Raises PT On Hibbett Sports To $40
Monday, May 23, 2011 - 6:37am | 27Piper Jaffray has raised the price target on Hibbett Sports (NASDAQ: HIBB) from $32 to $40 and maintains its Neutral rating.
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Jefferies Raises PT On PetSmart To $53
Monday, May 23, 2011 - 6:36am | 26Jefferies & Company has raised the price target on PetSmart (NASDAQ: PETM) from $52 to $53 and maintains its Buy rating.
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Earnings Highlights for the Week Ahead
Sunday, May 22, 2011 - 11:19am | 793This week, quarterly results are due from Campbell Soup (NYSE: CPB) and Polo Ralph Lauren (NYSE: RL), which are expected to report that earnings are lower than they were a year ago. From AutoZone (NYSE: AZO), Big Lots (NYSE: BIG), DSW (NYSE: DSW), H.J. Heinz (NYSE: HNZ), Hormel Foods (NYSE: HRL),...
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Three "Supernatural" Stocks While Waiting for Season 7
Saturday, May 21, 2011 - 11:48am | 783Love it or hate it, the season finale of the CW's Supernatural, with its showdown between the Winchester brothers and the angel Castiel, has brought season 6 to a close. Already the speculation about Supernatural season 7 is rampant: What does being a god mean for Castiel? Can Dean forgive him for...
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Identifying Lepidopterans 05-20-2011
Friday, May 20, 2011 - 6:13pm | 1021Cusick's Corner This market just feels like volatility is ready to pounce. While that statement is not very scientific, there are strategic approaches that can take advantage of that volatility. For example, take a look at butterfly spreads which are traditionally done with either all calls or...
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Is Volatility Back? 05-20-2011
Friday, May 20, 2011 - 2:45pm | 937Cusick's Corner This is expiration trade -- move on the open and then slither into the close with most traders covering their trades early. The market looks to be prepared to stay in a tight range, 1330-1336 on the June S&Ps, but if the bulls can break resistance of 1336, the squeeze could be...