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Earnings Roundup
Tuesday, August 2, 2011 - 9:30am | 1919Archer Daniels Midland Co (NYSE: ADM) reported a decline in its fiscal fourth-quarter profit. Archer Daniels Midland reported its quarterly profit at $381 million, or $0.58 per share, down from $446 million, or $0.69 per share, in the year-earlier period. Analysts were expecting earnings of $0.85...
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JP Morgan Reiterates Neutral on OfficeMax
Tuesday, August 2, 2011 - 9:27am | 38JP Morgan reiterated its Neutral rating on OfficeMax (NYSE: OMX). On Monday, OMX closed the day at $7.24. Its shares added 10.36% to their value in today's pre-market trading to stand around $7.99.
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UPDATE: OfficeMax Swings To FQ2 Loss
Tuesday, August 2, 2011 - 8:33am | 82OfficeMax Inc (NYSE: OMX) swung to a loss in the fiscal second quarter on Tuesday. OfficeMax posted a quarterly loss of $3.02 million, or $0.04 per share, versus a profit of $11.8 million, or $0.14 per share, in the year-ago period. Its sales declined to $1.648 billion from $1.653 billion....
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US Stock Futures Signal Lower Start On Wall Street
Tuesday, August 2, 2011 - 6:29am | 518US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dipped 49 points to 11,991.00 and S&P 500 index futures fell 6.50 points to 1,273.20. Nasdaq 100 futures dropped 10.25 points to 2,335.75. US stocks closed lower on Monday, with the Dow Jones Industrial...
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Earnings Scheduled For August 2
Tuesday, August 2, 2011 - 3:46am | 571Hyatt Hotels Corporation (NYSE: H) is expected to report its Q2 EPS at $0.15 on revenue of $910.14 million. Archer-Daniels-Midland Company (NYSE: ADM) is projected to report its FQ4 EPS at $0.85 on revenue of $20.43 billion. Coach Inc (NYSE: COH) is projected to report its Q4 EPS at $0.65 on...
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Watch Ex-Dividends 07-29-2011
Friday, July 29, 2011 - 5:52pm | 976Cusick's Corner I am going to change gears and not talk about the Debt debate but focus on the upcoming ex-dividend calendar. Those of you who are dividend traders, yield players (i.e. covered calls/call credit spreads), you need to stay on top of these dates. For the stock trader you need to know...
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Calls Purchased on Staples
Friday, July 29, 2011 - 1:43pm | 114Shares of Staples (NASDAQ: SPLS) are higher on the session by 0.12%, currently trading at $16.03. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago the...
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Merriman Capital Initiates Coverage of TIF, LULU, and WSM
Thursday, July 28, 2011 - 6:35am | 91Merriman Capital initiated its coverage of Tiffany (NYSE: TIF) with a Neutral rating, Lululemon (NASDAQ: LULU) with a Buy rating, and Williams-Sonoma (NYSE: WSM) with a Buy rating. On Wednesday, LULU lost 2.96% of its value to finish the day at $61. Its shares continued to slide in today's pre-...
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Merriman Capital Initiates Coverage On TIF, LULU, WSM
Thursday, July 28, 2011 - 5:55am | 55Merriman Capital has initiated coverage on the following companies: Tiffany & Co. (NYSE: TIF) with a Neutral rating Lululemon (NASDAQ: LULU) with a Buy rating Williams-Sonoma (NYSE: WSM) with a Buy rating
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Earnings Scheduled For July 28
Thursday, July 28, 2011 - 5:02am | 559Astrazeneca PLC (NYSE: AZN) is expected to report its Q2 EPS at $1.80 on revenue of $8.19 billion. Exxon Mobil Corporation (NYSE: XOM) is projected to report its Q2 EPS at $2.33 on revenue of $121.39 billion. Bristol-Myers Squibb Company (NYSE: BMY) is estimated to report its Q2 EPS at $0.55 on...
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Lifestyles Of The Rich & The Famous
Wednesday, July 27, 2011 - 11:21am | 709"Lifestyles of the rich and famous, They're always complainin', Always complainin'" -Good Charlotte Sure having more money means more problems, but it does help make life a little easier if you have some money. In an article from Bloomberg, where the rich and famous live, the Hamptons, is...
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Goldman Sachs Comments on Office Depot As Gross Margin Shifts
Wednesday, July 27, 2011 - 10:31am | 102Goldman Sachs has published a research report on Office Depot (NYSE: ODP). In the report, Goldman Sachs wrote, "ODP delivered better-than-expected profitability, driven by better-thanexpected gross margin and solid expense control, despite sluggish sales. Roughly one-third of the beat was driven...
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Winmark Corporation Announces Cash Dividend at $0.03/Share
Wednesday, July 27, 2011 - 9:43am | 59Winmark Corporation (Nasdaq: WINA) announced today that its Board of Directors has approved the payment of a cash dividend to shareholders. The quarterly dividend of $0.03 per share will be paid on September 1, 2011 to shareholders of record on the close of business on August 10, 2011. Future...
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Playing Chicken 07-26-2011
Tuesday, July 26, 2011 - 6:46pm | 1029Cusick's Corner We finished right on the lows and the bureaucrats in Washington still think that it is ok to continue to play Deficit Chicken. The pullback in the Buck was something that caught my eye and explained the run in the Commodities, XLE/DBC/FCX, so these are the sectors that investment...
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Hastings Entertainment Enters Into an Amendment to the Amended and Restated Loan and Security Agreement
Tuesday, July 26, 2011 - 1:18pm | 276Hastings Entertainment, Inc. (NASDAQ: HAST) on July 21, 2011, entered into an amendment to the Amended and Restated Loan and Security Agreement with Bank of America, N.A., acting in its capacity as agent for various lenders identified therein (the "Agreement"). The First Amendment increases the...