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Goldman Sachs Maintains Sell Rating On Barnes & Noble Inc. (BKS)
Wednesday, June 30, 2010 - 1:31pm | 163Barnes & Noble, Inc. (NYSE: BKS), the largest book store in the U.S., recently reported a quarterly loss much wider than expected. The company’s quarterly loss reinforces the concern that the costs of competing in an online arena threaten to outweigh the benefits in any visible timeframe. The...
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Retail Sector In The Red As Weakness In The Broader Markets Takes Toll
Tuesday, June 29, 2010 - 4:43pm | 180Weakness in the broader market had a cascading effect on the retail stocks as economic data from China suggested that growth in the country is slowing. The S&P Retail Index (NYSE: RLX) fell 1.04% to 403.47 at 4:39 pm EDT. The biggest loser in the sector was bookstore operator Barnes & Noble...
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BKS Tumble On Posting Wider Q4 Loss
Tuesday, June 29, 2010 - 10:35am | 162Shares of Barnes & Noble Inc (NYSE: BKS) tumbled as the company reported larger Q4 loss for the fourth quarter. The US bookseller also forecasted a loss for its fiscal first quarter. The New York-based company reported a loss of $0.58 per share for the quarter, as compared to a loss of $0.05...
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JP Morgan Meets With Hibbertt Sports Management (HIBB)
Tuesday, June 29, 2010 - 9:38am | 117JP Morgan analysts Christopher Horvers, Aaron Goldstein, and Jeffery Wimmers met with Hibbett Sports (NASDAQ: HIBB) management. JP Morgan said, "the sporting goods category remains very strong, demonstrating that the consumer will show up when there is a compelling product or need." The analysts...
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June 28, 2010: 11 Service Sector Micro-Cap Growth Ideas
Sunday, June 27, 2010 - 7:09pm | 378Investors regularly need fresh ideas to explore. I ran a screen on micro-cap stocks with company values in the $100-300m range within the service sector. These stocks beat the S&P 500 average by 20% or more over the past 52 weeks. All stocks were rated a SmartConsensus Buy. The list should be...
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Consumer Sentiment Highest Since January 2008 (SPX, JCG, TIF)
Friday, June 25, 2010 - 11:23am | 149The final reading of the June University of Michigan Consumer Sentiment Index was revised up to 76.0 from a preliminary reading of 75.5. This revision beat the consensus estimate. The positive revision comes as a surprise given that the labor and equity markets have remained flat the past few weeks...
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Volatility On The Move 06-24-2010
Thursday, June 24, 2010 - 6:49pm | 689Cusick’s Corner The bears were still in control going into the After Hours and were looking to test the lows. With the continued mixed data that has been coming out and the fact that Europe is still so very much in flux, the bearish sentiment looks to have the upper hand. Volatility is also on the...
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Retail Stocks Remained The Biggest Sector Decliner Today, Led By BBBY And NKE
Thursday, June 24, 2010 - 2:25pm | 265The US retail sector dropped the most in the broader markets today, led by the lower-than-expected Q2 earnings guidance from Union, New Jersey-based Bed, Bath & Beyond (NASDAQ: BBBY). Warnings about enhanced cost pressures from Nike Inc (NYSE: NKE) also weighed on the sector. Shares of BBBY...
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Top Performing Industries For June 24 (GAME, BBW, CDE, NSU)
Thursday, June 24, 2010 - 1:36pm | 226At 12:13 pm, the Dow lost 89.64 points, or 0.87%, to 10,208.80, the broader Standard & Poor's 500 index moved down 12.06, or 1.10%, to 1,079.98 and the NASDAQ composite index fell 24.05, or 1.07%, to 2,230.18. The industries that are driving the market today are: Toys & Games: The top...
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GREAT BRANDS OF TOMORROW
Thursday, June 24, 2010 - 3:00am | 437Credit Suisse released a superb piece of research earlier this year on the great brands of tomorrow. CS found that a strong brand is a vastly underappreciated investment thesis. Most interesting, however, is that the strategy approach pays. According to their research the “brand company” index...
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Can These Stocks Survive Another Market Downturn?
Wednesday, June 23, 2010 - 7:03pm | 137Market downturns are one thing for large companies like GE, Microsoft, and McDonald’s and something else for companies like Blockbuster (BBI) and YRC Worldwide. Downturns lower a large cap stock’s price and attract new investors to buy shares. Struggling debt ridden companies like Blockbuster with...
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Some Positioning Ahead Data 06-22-2010
Tuesday, June 22, 2010 - 7:32pm | 790Cusick’s Corner The trade turned south into the After Hours, in part due to disappointing housing data (as mentioned in the Midday) and ahead of the release of New Homes Sales in tomorrow’s premarket, plus the upcoming FOMC decision. With these erratic moves over the last two days shaking out the...
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Banks As Realtors 06-22-2010
Tuesday, June 22, 2010 - 2:52pm | 781Cusick’s Corner Existing Home sales data came in worse than expected at 5.66 million units, which pulled down the market early but after review of the data, the market clawed back with the major indices hovering around breakeven. This recent data created two camps, one believes that the number of...
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Rally Witnessed In The US Technology Sector Today
Tuesday, June 22, 2010 - 2:15pm | 223Technology stocks are treading in positive territory today, with Apple (NASDAQ: AAPL), Oracle (NASDAQ: ORCL) and Research In Motion Ltd (NASDAQ: RIMM) leading the rally. Shares of RIMM climbed 0.77% to $59.29 by 1:05 pm. The BlackBerry maker will announce its quarterly earnings on Thursday. Apple...
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Calls Purchased on Officemax (OMX)
Tuesday, June 22, 2010 - 1:08pm | 114Shares of Officemax Inc. (NYSE: OMX) are higher on the session by 0.13%, currently trading at $15.73. The stock has been experiencing a lot of volatility around the $18 level and now appears to be moving lower. Options traders are picking up some upside on the name today. The July $15 call was...