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Options Brief: Officemax Incorporated (OMX)
Thursday, May 5, 2011 - 10:51am | 79Shares of Officemax Incorporated (NYSE: OMX) are lower on the session by 1.85%, trading at $9.04. Overall call volume is now running at 6.47x the daily average, with 4% of all calls traded being purchases on the offer. 12,701 contracts have traded on the session so far. Officemax Incorporated...
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Options Brief: Dick's Sporting Goods, Inc. (DKS)
Thursday, May 5, 2011 - 10:49am | 97Shares of Dick's Sporting Goods, Inc. (NYSE: DKS) are higher on the session by 1.41%, trading at $40.99. Overall call volume is now running at 4.14x the daily average, with 2% of all calls traded being purchases on the offer. 1,123 contracts have traded on the session so far. Dick's Sporting...
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Don't Monkey Around With an Unevolving Portfolio
Thursday, May 5, 2011 - 10:02am | 932It was 86 years ago today that Tennessee made a monkey of itself, arresting biology teacher John Scopes for violating the Butler Act by teaching the theory of evolution in a classroom. The trial, which drew attention to the line between scientific and superstitious thinking in many parts of the...
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Sally Beauty Reports EPS of $0.26 vs. $0.23 Estimate; Revenues $801.8M vs. $793.9M Estimate (SBH)
Thursday, May 5, 2011 - 7:01am | 22Sally Beauty (NYSE: SBH) Reports EPS of $0.26 vs. $0.23 Estimate; Revenues $801.8M vs. $793.9M Estimate
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Points to Consider When Selling Options 05-04-2011
Wednesday, May 4, 2011 - 6:35pm | 911Cusick's Corner I wanted to discuss selling options in this afternoon's Corner. Generally speaking, option selling is a more aggressive strategy compared to option buying. The option seller has an obligation to buy or sell the security which can expose a trader to greater risk. Therefore, it is...
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5 Stocks For Mother's Day (AM, KSS, FLWS, TGT, TIF)
Wednesday, May 4, 2011 - 3:33pm | 516Sunday is Mother's Day, that day when all mother's are supposed to be made to feel special by their ungrateful children. (Okay, we're just kidding about the ungrateful part, but you could take out the trash, and clean your room once in a while.) Most Mother's Day include taking Mom (and Grandma)...
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Puts Purchased on Dick's Sporting Goods, Inc. (DKS)
Wednesday, May 4, 2011 - 1:44pm | 140Shares of Dick's Sporting Goods, Inc. (NYSE: DKS) are higher on the session by 0.60%, currently trading at $40.49. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name...
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Oppenheimer Lifts DKS Rating From Perform To Outperform, Establishes $50 PT
Wednesday, May 4, 2011 - 9:31am | 140Oppenheimer is lifting its rating on Dick's Sporting Goods (NYSE: DKS) to Outperform from Perform and establishing an initial price target at $50, “which suggests upside of nearly 25%.” “DKS is a leading purveyor of sporting goods and one of the best managed domestic retail chains,” Oppenheimer...
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Wedbush Lowers PT On Big 5 Sporting Goods To $11 After 1Q EPS Miss
Wednesday, May 4, 2011 - 9:15am | 140Wedbush Securities has published a research report on Big 5 Sporting Goods (NASDAQ: BGFV) after the company reported a 1q EPS miss. In the report, Wedbush writes "BGFV reported Q1 EPS of 13¢ vs. our 17¢ estimate and consensus of 19¢. The miss came from the expense line (-6¢ vs. our model) as...
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Big 5 Sporting Goods Reports EPS of $0.13 vs. $0.19 Estimate; Revenues $221.1M vs. $222.09M Estimate
Tuesday, May 3, 2011 - 4:19pm | 23Big 5 Sporting Goods (NASDAQ: BGFV) Reports EPS of $0.13 vs. $0.19 Estimate; Revenues $221.1M vs. $222.09M Estimate
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UPDATE: Goldman Sachs Lowers PT on Barnes and Noble to $14 (BKS)
Monday, May 2, 2011 - 8:44am | 88Goldman Sachs is out with its report on Barnes and Noble (NYSE: BKS), lowering its PT from $17 to $14. In a note to clients, Goldman Sachs writes, "We are lowering our BKS price target to $14 from $17, as we hike the discount rate (15% up from 10%) in our sum-of-the-parts analysis to reflect...
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Barnes & Noble Announces Amendment and Extension of Its Existing $1 Billion Credit Facility on More Favorable Terms (BKS)
Monday, May 2, 2011 - 8:35am | 108Barnes & Noble, Inc. (NYSE: BKS) today announced that it has entered into an amendment that will extend its existing $1 billion revolving credit agreement on more favorable terms. The amended $1 billion revolving credit facility takes advantage of conditions in the financial markets that are...
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Goldman Sachs Maintains Buy Rating On PETM
Monday, May 2, 2011 - 8:16am | 138Goldman Sachs is maintaining its Buy rating on shares of PetSmart, Inc. (NASDAQ: PETM). “We maintain our Buy rating; we expect PETM to exceed consensus forecasts as the firm benefits from ongoing merchandising enhancements, without margin headwinds from product mix for the first time in several...
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Piper Jaffray Lowers PT On OMX Slightly, To $13
Monday, May 2, 2011 - 7:14am | 114Piper Jaffray has lowered its price target on OfficeMax Inc. (NYSE: OMX) from $14 to $13 following the company's disappointing Q1 results. According to Piper Jaffray, “Last Friday we attended a sell side lunch with OMX's President and CEO, Ravi Saligram and the CFO, Bruce Besanko. Following...
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Borders Has Not Shown It Can Pay For Bankruptcy, According to the U.S. Government (BGP)
Friday, April 29, 2011 - 10:55am | 25Borders (NYSE: BGP) Has Not Shown It Can Pay For Bankruptcy, According to the U.S. Government