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Earnings Roundup
Tuesday, July 26, 2011 - 9:32am | 1635Lockheed Martin Corp (NYSE: LMT) reported a 10% decline in its Q2 profit. Lockheed Martin's quarterly net earnings dropped to $742 million, or $2.14 per share, from $824 million, or $2.22 per share, in the year-earlier quarter. Its net sales increased to $11.55 billion from $11.28 billion....
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UPDATE: Office Depot Reports Q2 Loss of $29M
Tuesday, July 26, 2011 - 7:57am | 95Office Depot Inc (NYSE: ODP) released its results for the second quarter on Tuesday. ODP posted a quarterly loss at $29 million, or $0.11 per share, versus a loss of $25 million, or $0.09 per share, in the year-earlier period. Excluding one-time items, the company's loss came in at $0.06 per share...
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5 Stocks for Your Watchlist
Monday, July 25, 2011 - 6:06pm | 1719( click to enlarge ) Staples, Inc. (NASDAQ:SPLS) has finally closed above its 50-day SMA moving average currently placed around levels of $15.90. This stock has just started moving higher and established a short term up-trend. Momentum indicators are slightly bullish now with RSI inching...
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Medtronic Resolute Drug-Eluting Stent Shows Superiority to Taxus® DES in Study of Patients with Coronary Artery Disease
Monday, July 25, 2011 - 2:31pm | 219The Resolute® drug-eluting stent (DES) from Medtronic, Inc. (NYSE: MDT), showed superiority to Boston Scientific Corp.'s Taxus® DES on the primary endpoint of the RESOLUTE Japan clinical study: in-stent late lumen loss at eight months. The primary endpoint of RESOLUTE Japan compared 100 patients...
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Earnings Expectations for the Week of July 25
Sunday, July 24, 2011 - 9:40am | 1439The earnings crunch continues this week even as the month of July winds to a close. Quarterly reports of note scheduled for the week include those from Netflix (NASDAQ: NFLX), United Parcel Service (NYSE: UPS), Exxon Mobil (NYSE: XOM), Starbucks (NASDAQ: SBUX), Merck (NYSE: MRK) and Dow Chemical (...
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UPDATE: Books-A-Million Announces Offer for 30 Borders Locations
Thursday, July 21, 2011 - 4:39pm | 59Books-A-Million, Inc. (NASDAQ: BAMM) today announced the Company has submitted a bid in the Borders, Inc. bankruptcy proceedings to purchase, among other things, the inventory, fixtures, equipment, and leasehold interests for 30 Borders locations. Under the proposed bid, Books-A-Million will assume...
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Earnings Preview: Analysts Expect Amazon.com Revenue, Earnings to Dip from Previous Quarter
Thursday, July 21, 2011 - 1:12pm | 569Amazon.com (NASDAQ: AMZN) releases its next round of earnings this Tuesday, July 26, 2011. Here is Benzinga's everything-that-matters guide to Amazon's second quarter earnings report. Earnings and Revenue: Analysts are looking ahead to a positive EPS reading of 37 cents per share and revenues of...
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Tiffany Hits New 52-Week Highs at $84.87
Thursday, July 21, 2011 - 10:44am | 76Many traders and investors see the 52-week high or low as an important indicator. Stocks that have a long-term trend in a certain direction are likely to continue, as that trend is the path of least resistance. In this case, shares of Tiffany & Co. (NYSE: TIF) are hitting new 52-week highs...
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Deutsche Bank Maintains Hold on PetSmart
Thursday, July 21, 2011 - 10:00am | 140Deutsche Bank is out with its report today on PetSmart (NASDAQ: PETM), maintaining Hold. In a note to clients, Deutsche Bank writes, "We recently conducted online price checks between PetSmart, Petco, and wag.com. The overall take-away is while PETM out-performed on initial pricing, both Petco and...
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Goldman Sachs Reiterates Sell on Tractor Supply Company, Raises PT to $64
Thursday, July 21, 2011 - 9:07am | 57Goldman Sachs reiterated its Sell rating on Tractor Supply Company (NASDAQ: TSCO). At the same time, the rating agency raised its price target on the company's stock from $60 to $64. On Wednesday, TSCO closed the day at $70.67. Its shares lost 4.9% of its value in today's pre-market trading to...
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Deutsche Bank Reiterates Buy on Tractor Supply
Thursday, July 21, 2011 - 7:54am | 130Deutsche Bank is out with its report today on Tractor Supply (NASDAQ: TSCO), reiterating Buy. In a note to clients, Deutsche Bank writes, "TSCO reported 2Q11 EPS of $1.23 on comps of 4.6% vs consensus of $1.20 and comps of approximately 4.5%. While there could be some disappointment in the comp,...
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News Summary for July 20, 2011
Thursday, July 21, 2011 - 7:53am | 701This is your Benzinga news summary and traders' outlook for Thursday, July 21, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading slightly lower as traders wait for several blue-chip companies to report...
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Deutsche Bank Upgrades PetSmart To Hold, $46 PT
Thursday, July 21, 2011 - 7:09am | 23Deutsche Bank has upgraded PetSmart (NASDAQ: PETM) to Hold, and has established a $46 price target.
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Deutsche Bank Raises PT On TSCO To $80
Thursday, July 21, 2011 - 7:08am | 28Deutsche Bank has raised the price target on Tractor Supply Co. (NASDAQ: TSCO) from $70 to $80 and maintains its Buy rating.
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Goldman Sachs Raises PT On TSCO To $64
Thursday, July 21, 2011 - 7:00am | 28Goldman Sachs has raised the price target on Tractor Supply Company (NASDAQ: TSCO) from $60 to $64 and maintains its Sell rating.