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August Opens Strong Like Bull 08-01-2010
Monday, August 2, 2010 - 6:39pm | 804Cusick’s Corner August opened strong by taking the bull by the horns and taking it for a ride. All the major indices closed in the green. While the After Hours did have further upside, this move was grinding and rather uneventful. The market was focused on continuing this uptrend, breaking...
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Benzinga's After Hours Decliners (FITB, LIFE, ODP)
Monday, August 2, 2010 - 6:15pm | 160Among the notable stocks that are falling in the after hours trading session are Fifth Third Bancorp (NASDAQ: FITB), Life Technologies (NASDAQ: LIFE), and Office Depot (NYSE: ODP). Fifth Third Bancorp (FITB) has fallen 5.29% to $12.71 in late trading after gaining 5.59% during regular market hours...
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Piper Jaffray Reiterates Overweight Rating On OfficeMax (OMX)
Monday, August 2, 2010 - 5:46pm | 118Earlier today, analysts at Piper Jaffray released a research report reiterating their Overweight rating on shares of OfficeMax (NYSE: OMX). The firm has a $28 price target on the stock. The analysts wrote that "we continue to believe OMX has the potential to be the best margin recovery story in the...
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Office Depot Gains As Q2 Loss Narrows
Monday, August 2, 2010 - 10:47am | 67Shares of Office Depot Inc (NYSE: ODP) have been gaining after the company narrowed its losses in Q2. ODP’s shares moved up 5.32% to $4.55 at 9:40 am. Office Depot’s shares have risen 6.93% over the last month, while they have fallen 33.02% so far this year. Read more from Benzinga's Company news.
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Tractor Supply Co - Aggressive Growth
Monday, August 2, 2010 - 6:10am | 575Tractor Supply Co (TSCO) analysts had a very bullish reaction to the company's recent earnings surprise. Company Description Tractor Supply Co. operates over 900 farm and ranch stores across 44 states. The company caters to rural lifestyles and needs with everything from home decor and clothing...
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It Would Sell Itself If They Had Just Called It “Nookie”
Friday, July 30, 2010 - 4:45pm | 751TLP: It Would Sell Itself If They Had Just Called It "Nookie" Courtesy of Jr. Deputy Accountant The appeal of Amazon has always been that you don’t have to get off your ass to shop. Excellently lazy. Barnes & Noble, meanwhile, puts the lazy into its stores with big chairs and Starbucks cafes...
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Stock Market News for July 27, 2010 - Market News
Tuesday, July 27, 2010 - 9:49am | 569The stock market rally continues. This time it was FedEx’s turn to fuel hopes that the economic recovery is gaining strength. Then, strong earnings reports and improved new home sales did their bit to take the Dow into positive territory for the year and the S&P 500 above a key technical level...
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Office Depot Narrows Loss But Revenue Falls (ODP)
Tuesday, July 27, 2010 - 8:15am | 148Boca Raton, Florida based Office Depot, Inc. (NYSE: ODP) released financial results on Tuesday morning that beat Wall Street earnings estimates but missed revenue estimates. Office Depot, Inc. (ODP) announced that its 2nd quarter net loss, after preferred stock dividends, narrowed to $18.7 million...
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Office Depot Reports Narrower-Than-Expected Q2 Losses
Tuesday, July 27, 2010 - 7:30am | 64Office Depot (NYSE: ODP) reports its Q2 EPS at -$0.07, as compared to the Street view of -$0.17. ODP reports its Q2 revenue at $2.7 billion, missing the consensus of $2.74 billion. ODP’s shares moved up 0.21% to $4.74 in the after-hours trading session. Read more from Benzinga's Company news.
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Top 4 Stocks In The Office Supplies Industry With The Highest Market Capitalization (EBF, ABD, FC, SR)
Tuesday, July 27, 2010 - 6:21am | 141Below are the top office supplies stocks on the NYSE and the NASDAQ in terms of market capitalization. Ennis Inc (NYSE: EBF) has a market capitalization of $456.3 million. EBF’s quarterly earnings jumped 96.50% y/y. Acco Brands Corporation (NYSE: ABD) has a market capitalization of $315.6 million....
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Summertime Markets 07-26-2010
Monday, July 26, 2010 - 7:06pm | 787Cusick’s Corner The market is holding key levels of 111 in the SPY. However, we cannot forget that this current trend is happening in July & August, months that have been notoriously slow and have never really been months that signaled a major trend change. At this stage these are trading...
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Top Narrow Based Indexes For July 26 (GOLF, IDI, MGAM)
Monday, July 26, 2010 - 1:53pm | 202By 1:21 pm, the Dow Jones Industrial Average was up 58.96 points, or 0.57%, to 10,483.58, while the broader Standard & Poor's 500 index had gained 8.49 points, or 0.77%. The NASDAQ composite index rose 15.68 points, or 0.69%. Some of the narrow based indexes supporting the markets are Sporting...
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Wells Fargo Opens JAS With Outperform
Monday, July 26, 2010 - 6:20am | 45Analysts at Wells Fargo Securities initiate coverage of Jo-Ann Stores Inc (NYSE: JAS) with an "outperform" rating. JAS’ shares jumped 4.10% to close at $42.15 on Friday. More Analyst Ratings here
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Amazon Announces e-Book Deal with Wylie Agency (AMZN)
Thursday, July 22, 2010 - 9:13am | 149Amazon (NASDAQ: AMZN) announced Thursday that it has reached a deal with Wylie Agency for the exclusive right to publish digital editions of 20 classic books. With works by authors such as Philip Roth, John Updike, and Norman Mailer for its Kindle electronic reader, Amazon is pushing aggressively...
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The iPad Passes The Kindle
Thursday, July 22, 2010 - 7:03am | 206Recent research shows that the number of Apple Inc. (Nasdaq: AAPL) iPads has passed the number of Amazon.com (Nasdaq: AMZN) Kindles in the hands of consumers. The news could undermine Amazon’s successful e-book store as the largest e-commerce business in the US also feels pressure from the Barnes...