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Stock Market News for Jan 4, 2011 - Market News
Tuesday, January 4, 2011 - 10:33am | 1169Markets greeted investors with New Year wishes as they closed higher and major benchmarks set new records on Monday. Robust growth in manufacturing and a better-than-expected construction spending report helped the indices post significant gains. Investors can take lot of heart from this positive...
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Stock Market News for Jan 4, 2011 - Market News
Tuesday, January 4, 2011 - 10:07am | 1169Markets greeted investors with New Year wishes as they closed higher and major benchmarks set new records on Monday. Robust growth in manufacturing and a better-than-expected construction spending report helped the indices post significant gains. Investors can take lot of heart from this positive...
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Citi Comments On Apparel & Footwear Outlook
Tuesday, January 4, 2011 - 9:42am | 227For 2011, Citi recommends stocks based on sales acceleration potential, margin recovery, & inventory control; company ability to protect margins by passing on costs/mitigating cost increases; and/or compelling valuation. Citi's top athletic/footwear plays: Nike (NYSE: NKE) & Dick's (NYSE:...
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Janney Capital Opens DKS With Buy
Tuesday, January 4, 2011 - 7:08am | 52Analysts at Janney Capital initiate coverage of Dick's Sporting Goods Inc (NYSE: DKS) with a “buy” rating. The target price for DKS is set to $44. DKS shares lost 0.48% to close at $37.32 yesterday. More Analyst Ratings here
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Benzinga's After Hours Decliners (NLY, MDP, BGP)
Monday, January 3, 2011 - 7:41pm | 150Among the stocks that have lost ground during Monday's after hours trading session are Annaly Capital Management (NYSE: NLY), Meredith Corp. (NYSE: MDP), and Borders Group (NYSE: BGP). Annaly (NLY) has lost 1.85% on heavy volume to $17.54 after the company announced a secondary offering of 75...
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Fast Money Pops & Drops (BA, ODP, COH, DRYS, TSN)
Monday, January 3, 2011 - 7:36pm | 250On CNBC's Fast Money, Pete Najarian said that Jefferies downgraded Coach, Inc. (NYSE: COH) today. As a result, COH dropped 1.36%. He added that if it drops below $54, he would start thinking about buying this stock. Brian Kelly likes DryShips Inc. (NASDAQ: DRYS), and wants to buy it at this level....
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Two Executives At Borders Group Resign (BGP)
Monday, January 3, 2011 - 6:53pm | 65Two executives resigned from Borders Group (NYSE: BGP): the CIO (Chief Information Officer) and General Counsel member. Borders has recently come under pressure as it has delayed payments to vendors and faces large same-store-sales underperformance in recent quarters. At last check shares were...
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Borders To Buy Barnes & Noble? -Rumor (BGP, BKS)
Monday, January 3, 2011 - 6:06pm | 117Hearing unconfirmed rumors circulating about an odd possibility that struggling book retailer Border (NYSE: BGP) might buyout its competitor Barnes and Noble (NYSE: BKS) for $16/share. These rumors circulated after an Electronista article highlighted the strange possibility. This article may...
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Barnes & Noble Starting To Move Again (BKS)
Monday, January 3, 2011 - 3:21pm | 93Barnes & Noble, Inc. (NYSE: BKS) is starting to climb again, here in the last few minutes of Monday trading. At last check, shares of the book seller were up $1.06 to $15.21, a gain of 7.5%. The stock has rallied on back of the news that the company reported preliminary holiday same-store-...
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Bill Ackman Aching Over Borders (BGP, BKS)
Monday, January 3, 2011 - 1:45pm | 461Bill Ackman, founder and CEO of hedge fund Pershing Square Capital Management LP, has to be feeling sore in his 37% take in Borders Group (NYSE: BGP). On December 6, 2010, Ackman indicated that he would finance a buyout of Barnes & Noble (NYSE: BKS) for $900 million. Shares of Borders Group (...
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Office Depot Upgraded To Buy, Shares Up 7.2% (ODP)
Monday, January 3, 2011 - 1:41pm | 170Shares of Office Depot, Inc. (NYSE: ODP) are trading up 7.2% at $5.79 per share during the Monday afternoon trading session. The stock received a boost when Janney Capital Markets upgraded its rating of the company to Buy from the previous rating of Neutral. The day's range for shares of Office...
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Morning Market Losers (ISPH, CHGS, ARCI, ELMD)
Monday, January 3, 2011 - 11:33am | 111Inspire Pharmaceuticals Inc (NASDAQ: ISPH) dipped 57.98% to $3.53 at 10:10 am. ISPH reported that its experimental treatment for cystic fibrosis did not meet treatment goals in a late-stage study. China GengSheng Minerals Inc (AMEX: CHGS) fell 12.82% to $4.49. CHGS' trailing-twelve-month ROA is 2....
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Borders Delays Payments to Vendors
Monday, January 3, 2011 - 11:09am | 92Borders Group (NYSE: BGP) has been reporting losses for years. Its third quarter results showed a sharper loss and is fueling concerns about the bookstore's future, as reported by USAToday. The company is on the defensive. It has sold off 16 stores and other assets to meet debt payments. Now...
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Barnes & Noble Reports Strong Holiday Sales (BKS)
Monday, January 3, 2011 - 10:38am | 65Barnes & Noble, Inc. (NYSE: BKS) is up 2.5% this morning after the book retailer said that its preliminary holiday comparable-store sales rose 9.7% in the nine weeks ended January 1. A primary driver of growth was its Nook e-reader. A more in-depth holiday sales release will be given on...
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Zacks #1 Rank Additions for Monday - Tale of the Tape
Monday, January 3, 2011 - 9:30am | 303Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Amer Axle & Manufact (AXL) Cabela's Inc (CAB) Carlisle Cos Inc (CSL) China Integrated Energy (CBEH) China Petro & Chemical (SNP) View the entire Zacks #1 Rank List. AMER AXLE & MFG (AXL): Free Stock Analysis...