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LG and IRiver Enter the E-Reader Fray
Tuesday, June 22, 2010 - 12:54pm | 204South Korean maker of MP3 players, IRiver, is pairing up with flat-screen company LG Display (NYSE: LPL) to manufacturer e-readers for the global market. The companies hope that their “story” e-reader, already on sale in parts of Europe and Asia, can distinguish itself from the already popular...
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Netflix Attempting to Recover (NFLX, AAPL, AMZN, BBI)
Tuesday, June 22, 2010 - 12:31pm | 136Shares of Netflix (NASDAQ: NFLX) are trying to recover today following a critical Barron's article on Sunday. The financial magazine recommended taking profits in the online movie rental company due to its premium valuation. Barron's said Netflix is hovering around 36 times projected 2011 earnings...
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Calls Purchased on Barnes & Noble (BKS)
Friday, June 18, 2010 - 1:25pm | 129Shares of Barnes & Noble Inc. (NYSE: BKS) are lower on the session by 1.15%, currently trading at $17.15. The stock has been moving lower and lower over the past three months. Options traders are now betting that the stock could turn around and make a run higher. The July $17.50 call was...
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William Blair Confirms Outperform Rating on Tractor Supply Co.
Thursday, June 17, 2010 - 10:09am | 110William Blair & Co. put out an analyst note confirming its Outperform on Tractor Supply Company (NASDAQ: TSCO). Reporting from William Blair's 30th Annual Growth Stock Conference, "a positive presentation from CFO Anthony Crudele focused on 2010 sales and margin drivers as well as Tractor...
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Trade Setups for June 17, 2010
Thursday, June 17, 2010 - 8:04am | 145While the futures are up this morning, I think you'll likely see today's action being defined by what we get out of the morning's economic reports as we have jobless claims and the Consumer Price Index at 8:30am, followed by Leading Indicators at 10am and the Philadelphia Fed Survey at 10am. But...
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Company News for June 16, 2010 - Corporate Summary
Wednesday, June 16, 2010 - 10:19am | 264• Bellwether FedEx (NYSE: FDX) reported fiscal fourth quarter earnings 2 cents better than expected, posting at $1.33 on revenues of $9.43 billion, besting $9.04 billion expectations. The company said it sees first quarter earnings of $0.85 to $1.05 range versus estimates of $1.03 • Piper Jaffray (...
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Top Performing Industries For June 14 (DXYN, DOVR, BBW, NLST)
Monday, June 14, 2010 - 2:12pm | 254At 11:36 a.m., Dow gained 96.89, or 0.95%, to 10,307.96, the broader Standard & Poor's 500 index rose 11.94, or 1.09%, to 1,103.54 and the NASDAQ composite index moved up 31.42, or 1.40%, to 2275.02. The industries that are driving the market today are: Textile Industrial: The top gainer of the...
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Blockbuster Tanks On Bankruptcy Fears
Monday, June 14, 2010 - 11:54am | 147NEW YORK (TheStreet) -- Blockbuster's (NYSE: BBI) stock tumbled again as further signs emerged that the movie-rental chain may soon file for bankruptcy protection. According to The Wall Street Journal, Blockbuster is in the process of trying to secure a $150 million debtor-in-possession loan, which...
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Retail Sales Drop 1.2 Percent In May (TIF, SBUX)
Friday, June 11, 2010 - 10:27am | 172The consumer recovery may indeed be an illusion. Retail sales plunged in May by the largest amount in eight months. Consumers cut back on everything from cars to clothing. With consumers accounting for roughly 70 percent of GDP, this data raises worries about the sustainability of the economic...
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Sizemore Capital Management Analysis of the Luxury Goods Sector
Friday, June 11, 2010 - 9:00am | 1714The following is a Sizemore Capital Management internal investment memo, reproduced with permission from Sizemore Capital Management. EXECUTIVE SUMMARY Given the host of issues facing the global economy—and the European sovereign debt crisis in particular—we have decided to do a periodic review of...
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Upside Purchased on Office Depot (ODP)
Wednesday, June 9, 2010 - 12:56pm | 112Shares of Office Depot Inc. (NYSE: ODP) are higher on the session by 3.90%, currently trading $5.33. The stock has been falling sharply lower over the past six weeks, off from a recent high of $9.19. Calls are being purchased on the name today. The July $5.00 call was purchased nearly 2,900 times...
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Don't Fight the Trend 06-07-2010
Monday, June 7, 2010 - 6:40pm | 672Cusick’s Corner The 1050 mark on the S&P 500 has come under attack – there’s a lack of leadership from Financials (XLF)/Tech (QQQQ), and a defensive tone with a flight to the Gold (GLD) and Utilities (UTH). Keep the powder dry in this environment, these are trading markets and there is no sense...
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William Blair Reiterates ‘Outperform’ Rating for Tractor Supply Company (TSCO)
Friday, June 4, 2010 - 3:50pm | 125William Blair & Company has reiterated its ‘Outperform’ rating for Tractor Supply Company (NASDAQ: TSCO). Using its proprietary Tractor Supply Weather Gauge, William Blair & Company has concluded that the company had favorable weather conditions in April and May. The company management also...
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ULTA May Achieve Operating Margin Goal Earlier Than Expected
Friday, June 4, 2010 - 12:13pm | 212Analysts at Piper Jaffray reiterate their "overweight" rating on Ulta Salon Cosmetics & Fragrance (NASDAQ: ULTA), while raising their estimates for the company. The target price for ULTA is set to $30. ULTA posted better-than-expected Q1 results. The analysts say, “We continue to believe ULTA...
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Barnes & Noble, Hurt By Kindle, Offers Incentive (AMZN, SNE, BKS, AAPL)
Friday, June 4, 2010 - 9:29am | 185There are many estimates of the size of the e-reader market and which companies have the most market share. Amazon.com (NASDAQ: AMZN) claims it has sold “millions of Kindles” and that the device is the most popular item on its well-visited e-commerce site. Most researchers who cover the e-reader...