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Top Performing Industries For November 2 (CAB, BBW, SKH, CNR)
Tuesday, November 2, 2010 - 10:35am | 199At 10:30 am, the Dow gained 0.60% to 11,191.37, the broader Standard & Poor's 500 index moved up 0.57% to 1,191.16 and the NASDAQ composite index rose 0.66% to 2,521.26. The industries that are driving the market today are: Sporting Goods Stores: This industry jumped 3.69% by 10:30 am. The top...
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Mid-Day Market Movers (CFS, ARTG, SKH, CAB)
Tuesday, November 2, 2010 - 10:13am | 155COMFORCE Corp (AMEX: CFS) jumped 51.86% to $2.46 at 10:10 am. CFS has agreed to be purchased by an affiliate of ABRY Partners LLC for $2.50 per share, representing about 54.3% premium over the CFS' closing price on November 1. Art Technology Group Inc (NASDAQ: ARTG) climbed 45.37% to $5.96. Oracle...
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Cabela's Inc. Reports Third Quarter EPS of $.31
Tuesday, November 2, 2010 - 8:09am | 96Cabela's Incorporated (NYSE: CAB) today reported record revenue, operating profit and earnings per share for third quarter fiscal 2010. For the quarter, consolidated operating income increased 15% to $36.6 million compared to $31.9 million in the third quarter of 2009. Operating margins increased...
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Afternoon Market Update (SWN, AVNR, SPLS, CTRN)
Monday, November 1, 2010 - 12:04pm | 206Shares of Southwestern Energy Co (NYSE: SWN) surged about 4.6% after the company reported a 36% rise in its Q3 earnings. The company's earnings came in at $0.46 per share. SWN's revenue came in at $682.2 million. However, analysts were expecting earnings at $0.45 per share, on revenue of $587...
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Dreams E-Commerce Revenues Increase 30%
Monday, November 1, 2010 - 9:40am | 111Dreams, Inc. (DRJ), through its Internet Division, generated $7.0 million dollars in on-line revenues for the month of October 2010, an increase of 30% over the same month last year when on-line revenues were $5.4 million. The results are a combination of organic growth with its main site, www....
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Deutsche Bank Forecasts Big 5 Sporting Goods Sales of $230.7MM
Monday, November 1, 2010 - 8:53am | 117In a report released this morning, Deutsche Bank said that it is forecasting Big 5 Sporting Goods Corporation (NASDAQ: BGFV) sales of $230.7mm on comps of 1%. “As FY09 had a 53rd week, the reporting calendar has been skewed during FY10 and each quarter will be impacted,” Deutsche Bank writes. “This...
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Piper Jaffray Raises Earnings Outlook For Ulta Salon, Cosmetics & Fragrance
Monday, November 1, 2010 - 8:23am | 62Piper Jaffray is raising its earnings outlook for Ulta Salon, Cosmetics & Fragrance (NASDAQ: ULTA). “Our price target increases from $31 to $37,” Piper Jaffray writes. “Longer term, we continue to believe Ulta is well-positioned to garner share from department stores, benefiting from a product...
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Barnes & Noble Amends Shareholder Rights Plan
Friday, October 29, 2010 - 1:51pm | 336Barnes & Noble, Inc. (NYSE: BKS) today announced that its Board of Directors has amended the Company's Shareholder Rights Plan. The changes to the Rights Plan reflect input from the Company's shareholders and enhance shareholder protections under the Rights Plan by further restricting the...
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Office Depot Trading At Its 50-Day Moving Average (ODP)
Friday, October 29, 2010 - 12:17pm | 125Shares of Office Depot (NYSE: ODP) are trading at their 50-day moving average, a key technical level. This may be an opportunity for a high risk/reward entry point in the stock. ODP recently announced that their CEO, who had been sanctioned by the SEC, has resigned. The company also reported an...
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Tractor Supply Company Declares Quarterly Dividend of $0.07
Thursday, October 28, 2010 - 4:22pm | 79Tractor Supply Company (Nasdaq: TSCO), the largest retail farm and ranch store chain in the United States, today announced that its board of directors declared a quarterly cash dividend of $0.07 per share of the Company's common stock. All references to per-share amounts reflect a two-for-one stock...
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Barnes & Noble Commences Mailing of Proxy Statement for Special Meeting of Shareholders
Thursday, October 28, 2010 - 4:02pm | 95Barnes & Noble, Inc. (NYSE: BKS), the world's largest bookseller, today announced that it has filed a definitive proxy statement with the U.S. Securities and Exchange Commission (“SEC”) in connection with a Special Meeting of Shareholders to be held on November 17, 2010. As previously announced...
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OfficeMax Not Dead Yet
Thursday, October 28, 2010 - 2:07pm | 140OfficeMax (NYSE: OMX) shares are rising today after the company reported Q3 earnings this morning, posting a profit of $19.96 million, or 23 cents per share, on revenue of $1.81 billion. Analysts had forecast a profit of 12 cents per share on revenue of $1.82 billion. This company has been...
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Top Performing Industries For October 28 (LVS, BBW, HMA, ROIAK)
Thursday, October 28, 2010 - 10:25am | 193At 10:20 am, the Dow gained 0.05% to 11,131.92, the broader Standard & Poor's 500 index moved up 0.09% to 1,183.56 and the NASDAQ composite index lost 0.08% to 2,501.30. The industries that are supporting the market today are: Resorts & Casinos: This industry jumped 5.82% by 10:20 am. The...
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Build-A-Bear Workshop, Inc. Reports Third Quarter EPS of $(0.07)
Thursday, October 28, 2010 - 7:36am | 294Build-A-Bear Workshop, Inc. (NYSE: BBW) today reported results for the 2010 third quarter and first nine months ended October 2, 2010. Total revenues were $100.1 million, compared to $92.3 million in the fiscal 2009 third quarter (13 weeks ended October 3, 2009). Third quarter total revenues...
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Deutsche Bank Lowering Estimates On Office Depot (ODP)
Thursday, October 28, 2010 - 7:04am | 129Deutsche Bank is lowering its estimates on Office Depot, Inc. (NYSE: ODP) after the company pre-announced earnings. It has a Hold rating and a $5 price target. In a note to clients, Deutsche Bank writes, "ODP had pre-announced 3Q10 results earlier this week in connection with its announcement...