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Bulls Check Out BKS
Tuesday, May 18, 2010 - 2:43pm | 102Shares of Barnes & Noble Inc. (NYSE: BKS) are trading lower on the session by 1.70%, currently at $19.71. The stock recently fell trough the 50-day and 200-day moving averages, which is a bearish sign. One options trader is betting that the stock makes a run higher, however. The October $22.50...
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US Footwear Segment Shows Continuous Growth (C, DKS, FL, BWS, CROX)
Tuesday, May 18, 2010 - 1:16pm | 169Total athletic footwear point-of-sales increased 6.7% y/y in April. It’s the 6th consecutively positive monthly data but the increase rate is down from March’s 21%. In its report tracking the U.S. footwear market, Citi (NYSE: C) has stated that the stellar performance in March was helped by Easter...
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PetSmart Earnings Preview (PETM)
Tuesday, May 18, 2010 - 11:55am | 134PetSmart (NASDAQ: PETM) will be releasing their quarterly earnings tomorrow after the opening bell. Piper Jaffray released a note today in which they said that they are raising their price target on the stock from $27 to $30 ahead of the report. The firm is maintaining their Neutral rating on the...
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Stock Market News for May 18, 2010 - Market News
Tuesday, May 18, 2010 - 9:57am | 431U.S. stocks closed with marginal gains on Monday even as Europe’s debt malaise showed no signs of easing. The euro, meanwhile, rebounded from a four-year low against the U.S. dollar as traders picked up the battered currency. Investors were also concerned about how Europe will manage the fiscal...
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Company News for May 18, 2010 - Corporate Summary
Tuesday, May 18, 2010 - 9:57am | 268• Berkshire Hathaway (NYSE:BRKA) cut its exposure in Kraft (NYSE:KFT) by 23% in the first quarter. Kraft shares had rallied yesterday following a Barron's article, which advised the company's Cadbury purchase could help expand revenues and lower costs, a deal which was opposed by Buffett. ...
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Dick's Sporting Goods (DKS) Income More Than Doubles
Tuesday, May 18, 2010 - 8:37am | 112Sporting goods retailer Dick's Sporting Goods Inc (NYSE: DKS) released financial results on Tuesday morning that easily beat Wall Street estimates. Dick's Sporting Goods Inc reported that its 1st quarter net income more than doubled to $26.2 million, or 22 cents per share, up from $10.2 million, or...
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Market Bounces Back 05-17-2010
Monday, May 17, 2010 - 6:49pm | 717Cusick’s Corner The market recovered nicely going into the afternoon, might be a fundamental change in mind set or maybe just a squeeze going into options expiration week. Energies were the buoy today, with Oil bouncing and Materials making up their earlier session lows. While this is not to be...
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Bill Ackman Makes Changes To His Portfolio (H, YUM)
Monday, May 17, 2010 - 6:02pm | 97Pershing Square's Bill Ackman filed its 13-F after the close. Bill Ackman did not change his position in Borders Group (NYSE: BGP) or Landry's Restaurants (NYSE: LNY). Pershing Square sold its 2.7 million share position in Hyatt Hotels (NYSE: H). Ackman's new 13-F, shows a 15.2M share stake in Yum...
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Euro Weakness Continues 05-17-2010
Monday, May 17, 2010 - 3:10pm | 777Cusick’s Corner We need to build off of Friday’s discussion of the Euro. The viability of this currency is being tested (though not formally) in the market action this morning. The Euro is busting through the 1.235 level and making lows we have not seen in years. What is potentially more...
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Top Performing Industries For May 17 (HAST, PTV, SUMR, NPDV)
Monday, May 17, 2010 - 2:35pm | 238At 1:34 pm, Dow lost 88.80 points, or 0.84%, to 10,531.36, while the broader Standard & Poor's 500 index fell 10.16 points, or 0.89%. The Nasdaq composite index has also slipped 19.48 points, or 0.83%. The industries that are helping the market keep afloat today are: Music & Video Stores:...
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Dicks Sporting Goods To Rally? (DKS)
Monday, May 17, 2010 - 12:03pm | 97Shares of Dicks Sporting Goods Inc. (NYSE: DKS) are selling off by 1.33% today, currently trading $27.76. The stock is seeing bullish call buying today with the May $27.50 call purchased over 4,500 times; open interest on the strike was only 2,043 contracts, signaling bullishness. The stock is...
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Petsmart Receives Bull Trade
Monday, May 17, 2010 - 12:00pm | 83Shares of Petsmart Inc. (NASDAQ: PETM) are off slightly today, currently trading $33.20. The stock is nearing its recent 52-week high around $35.00 and is in full-on bullish territory. Options traders are betting that the stock continues to move higher as well with the May $35 call purchased on...
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Bearishness Prevails in ODP
Monday, May 17, 2010 - 10:28am | 94Shares of Office Depot Inc. (NYSE: ODP) are falling once again today, currently off 0.78% to $6.38. The stock has now broken through the 200-day moving average, which is a significant bearishness sign. The stock seems primed to head down to the $5.30 support level. Options action is favoring the...
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Stock Market News for May 17, 2010 - Market News
Monday, May 17, 2010 - 10:05am | 398Concerns that the debt crisis in Europe could slow the global economic rebound overshadowed stronger-than-expected reports on retail sales and industrial production and sent U.S. stocks sharply lower on Friday. Investors also questioned the efficacy of frugality measures being instituted by...
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Hastings Entertainment (HAST) Reports First-Quarter Profit Of $1 Million
Monday, May 17, 2010 - 8:47am | 68Hastings Entertainment, Inc. (NASDAQ: HAST) reported its first-quarter results today. The company reported first-quarter profit of $1 million, or $0.11 per share, compared with a profit of $1.7 million, or $0.17 per share reported for the same period last year. Revenue increased 2.7% to $129.1...