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Two Odd Finance Moves In Books And Cars
Friday, May 20, 2011 - 12:11am | 345Its not every day that we get to witness two questionable transactions in firms that lead their respective sectors. First up is Liberty Media's proposed all-cash buyout of Barnes and Noble (BKS). Brick-and-mortar booksellers are are a declining business model; just ask Borders (BGP) about its...
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Potential Trap? 05-19-2011
Thursday, May 19, 2011 - 2:56pm | 885Cusick's Corner It is hard to see a market top with the shift in retail sentiment from bullish to hedge happening so quickly. The market is moving to the upside with some decent breadth. The Dollar has been weak, a definite catalyst for equities, and the Euro currency found its bid this midday,...
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Hibbett Sports Earnings Preview: Double-Digit EPS Growth Expected
Thursday, May 19, 2011 - 10:52am | 250Hibbett Sports (NASDAQ: HIBB) is on tap to report fiscal first-quarter 2012 results tomorrow morning, May 20. Analysts are looking for the retailer to report that earnings grew 11.9% from a year ago to $0.67 per share. That consensus earnings estimate is unchanged from 60 days ago. Note that...
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Top Narrow Based Indexes For May 19
Thursday, May 19, 2011 - 10:49am | 189By 10:45 am, the Dow Jones Industrial Average was up 19.45 points, or 0.15%, to 12,579.63, while the broader Standard & Poor's 500 index had dropped 0.83 point, or 0.06%. The NASDAQ composite index fell 2.58 points, or 0.09%. Some of the narrow based indexes that are supporting the markets...
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Benzinga's Volume Movers
Thursday, May 19, 2011 - 10:37am | 150Syneron Medical Ltd (NASDAQ: ELOS) shares moved up 8.62% to $13.35 at 10:35 am. The volume of ELOS shares traded was 935% higher than normal. ELOS reported upbeat Q1 results. PetSmart Inc (NASDAQ: PETM) shares rose 6.00% to $45.04. The volume of PETM shares traded was 654% higher than normal. PETM...
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News Summary
Thursday, May 19, 2011 - 10:03am | 269Shares of Sears Holdings Corp (NASDAQ: SHLD) fell about 4.3% after the company swung to a FQ1 loss from a year-ago profit. Sears Holdings posted a 3.6% drop in its domestic same-store sales. The company posted a quarterly loss at $170 million, or $1.58 per share, versus a net income of $16 million...
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PetSmart Explodes Higher on Increased Guidance (PETM)
Thursday, May 19, 2011 - 9:52am | 202Shares of PetSmart, Inc. (NASDAQ: PETM) are exploding higher this morning after the company reported stellar Q1 results and increased EPS guidance for 2012. Currently, shares are higher by 7.67%, trading at $45.75. PetSmart, Inc. reported Q1 EPS of $0.61 on revenues of $1.49 billion; the Street...
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UPDATE: Wedbush Raises PT on PetSmart to $54 (PETM)
Thursday, May 19, 2011 - 9:22am | 116Wedbush is out with its report today on PetSmart (NASDAQ: PETM), raising its PT from $51 to $54. In a note to clients, Wedbush writes, "Raising our price target to $54 (from $51), which assumes PETM should trade at 19x (previously 18x) our revised 2012 estimate of $2.70, or at the high end of the...
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Tiffany Boosts Quarterly Dividend By 16%, $0.29 from $0.25
Thursday, May 19, 2011 - 9:02am | 110The Board of Directors of Tiffany & Co. (NYSE: TIF) today declared a dividend of $0.29 per share of Common Stock, reflecting a 16% increase in the quarterly rate. This action increases the quarterly dividend from $0.25 per share (or $1.00 annually) to a new rate of $0.29 per share (or $1.16 per...
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CEOWORLD Top Gainers and Losers Stocks ON 5/19/11- WTM, NSU, NOG, GPRO, NYT, HLF, SPLS, BRC, AFL, ODP
Thursday, May 19, 2011 - 8:41am | 1247Gainers ON 5/19/11- White Mountains Insurance Group Ltd. (WTM) is trading at a dramatic change of 15.00% from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 3.14B Nevsun Resources (NSU) is trading at a...
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CEOWORLD Most Popular Stocks ON 5/19/11- SPLS, PETM, AAP, LTD, JACK, DE, CTRN, WTM, WSM
Thursday, May 19, 2011 - 8:33am | 1203Staples Inc. (SPLS) is trading at at a dramatic change of -15.37% from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 11.91B PetSmart Inc. (PETM) is trading at at a dramatic change of -0.49% from its...
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J.P. Morgan Ups PT On PETM To $45
Thursday, May 19, 2011 - 8:32am | 143J.P. Morgan has raised its price target from $43 to $45 on PetSmart Inc. (NASDAQ: PETM) as the company navigates a shifting story. According to J.P. Morgan, “The results of PETM merchandising efforts are now in full stride and while we anniversary the big initiatives by 2H (creating risk to...
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Oppenheimer Downgrades OMX, SPLS
Thursday, May 19, 2011 - 8:23am | 43Oppenheimer has downgraded the following companies: Staples, Inc. (NASDAQ: SPLS) from Outperform to Perform, PT from $26 to $19 OfficeMax (NYSE: OMX) from Outperform to Perform, PT from $14 to $9.50
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Benzinga's Top Downgrades
Thursday, May 19, 2011 - 8:17am | 141Analysts at Collins Stewart downgraded Suntech Power Holdings Co Ltd (NYSE: STP) from “buy” to “neutral.” STP's shares closed at $8.17 yesterday. STP's trailing-twelve-month profit margin is 8.16%. Bank of America downgraded Country Style Cooking Restaurant Chain Co Ltd (NYSE: CCSC) from “neutral...
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UPDATE: Goldman Sachs Raises PT on PetSmart to $50 (PETM)
Thursday, May 19, 2011 - 8:14am | 120Goldman Sachs is out with its report today on PetSmart (NASDAQ: PETM), raising its PT from $49 to $50. In a note to clients, Goldman Sachs writes, "We raise our estimates to reflect better sales and slightly better gross margins. Our 2011 estimate rises to $2.43 from $2.40, while 2012 goes to $2....