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Is There Hope For Blockbuster?
Tuesday, May 11, 2010 - 3:38am | 635The second largest movie chain in the United States has just gone out of business. Movie Gallery is the parent company of the Hollywood Video, Movie Gallery, and Game Crazy chains. The rental chain company just announced plans to close its 2415 stores and liquidate all of its assets. Movie Gallery...
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Is There Hope For Blockbuster?
Tuesday, May 11, 2010 - 3:38am | 635The second largest movie chain in the United States has just gone out of business. Movie Gallery is the parent company of the Hollywood Video, Movie Gallery, and Game Crazy chains. The rental chain company just announced plans to close its 2415 stores and liquidate all of its assets. Movie Gallery...
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Benzinga's After Hours Gainers (ZLC, LDK, JASO)
Monday, May 10, 2010 - 6:49pm | 190Among the notable after hours gainers today are Zale Corp. (NYSE: ZLC), LDK Solar (NYSE: LDK), and JA Solar (NASDAQ: JASO). Zale Corp. (ZLC) is a distressed and very volatile stock. During regular market hours, ZLC shares surged 9.89% to $3.00. In the late trading session, ZLC has added another 5...
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Goldman Upgrades OfficeMax to Buy
Monday, May 10, 2010 - 10:30am | 64Goldman Sachs upgrades OfficeMax (NYSE: OMX) to Buy from Neutral as recent market volatility creates a re-entry point for OMX. Goldman's price target on OfficeMax shares remains $22, which suggests over 30% upside, offering one of Goldman's biggest upsides to price target. Goldman expects...
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Ron Burkle Sues Barnes & Noble (BKS)
Friday, May 7, 2010 - 11:40am | 132Investor Ron Burkle has sued Barnes & Noble (NYSE: BKS) claiming that the company’s rights plan is designed to favor the controlling Riggio family. The investor has filed the case in Delaware Chancery Court, through his investment company, The Yucaipa Companies. Barnes & Noble’s (BKS)...
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CAB Posts Strong Q1 Results On Good Q1 Execution
Thursday, May 6, 2010 - 12:37pm | 175Analysts at Piper Jaffray maintain their "underweight" rating on Cabela's Inc (NYSE: CAB), while raising their estimates for the company. The target price for CAB has been raised from $14 to $20. CAB had posted healthy Q1 results that beat the street expectations. CAB’s revenue from financial...
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Top Dog Stocks
Thursday, May 6, 2010 - 2:25am | 772Dog lovers really love their dogs. They pay $14,000 for dog houses, $3900 for silver dog collars, and designer clothes for dogs. Dog fans have paid handsomely for dogs, as much as $580,000 for a dog. So what are the top dog stock plays, and I'm not talking about the 'dogs of the Dow.' Dogs are big...
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Put Volume Grows In Staples
Wednesday, May 5, 2010 - 1:22pm | 111Staples (NASDAQ: SPLS) has had a hard time making new highs this year and the stock looks like it may have formed a topping head-and-shoulders pattern, which could send the name lower, toward $18.00. The stock has struggled to regain the 50-day moving average as well, which is another bearish sign...
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Put Volume Continues to Shine in Zale
Wednesday, May 5, 2010 - 1:20pm | 102I reported yesterday that put bearish put volume in Zale Corp (NYSE: ZLC) was on the rise and today the trend is continuing with over 2,400 of the June $2.50 puts traded, majority purchases. The put/call ratio is running at 50x its daily norm, which suggests strong bearish sentiment for the stock...
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Zale Corp Attracts Bears…Again
Tuesday, May 4, 2010 - 3:31pm | 128Zale Corp (NASDAQ: ZLC), the troubled jewelry retailer, is receiving continued bearish sentiment today. One trader came in to buy the June $2.50 put on the offer 2,100 times for $0.40 a short while ago. This action pushed the put/call ratio in Zale Corp to 10.22x is norm. Zale Corp continues to...
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Top Performing Industries For May 4 (MCK, WMT, CAB, HSP, BTI)
Tuesday, May 4, 2010 - 1:50pm | 269At 11:56 a.m., Dow lost 218.64, or 1.96%, to 10,933.19, while the broader Standard & Poor's 500 index dipped 26.45, or 2.20%, to 1,175.81. The Nasdaq composite index lost 73.46, or 2.94%, to 2425.28. The industries that are driving the market today are: Drugs Wholesale: The top gainer of the...
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Benzinga's After Hours Gainers (MCK, BGP, NTRI)
Monday, May 3, 2010 - 5:51pm | 204Among the stocks that have been moving higher in the after hours trading session today are McKesson Corporation (NYSE: MCK), Borders Group (NYSE: BGP), and NutriSystem Inc. (NASDAQ: NTRI). McKesson (MCK) released their quarterly earnings after the closing bell. The company reported earnings per...
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Retail Rally On (XRT, ANN, TIF, ANF, TGT, JWN)
Monday, May 3, 2010 - 2:20pm | 117Retailers are showing strength today after a brutal selloff on Friday. The SPDR Retail ETF (NYSE: XRT) is up 89 cents, or 2.08%, to $43.65 today. Here are how some retail names are faring today: AnnTaylor (NYSE: ANN) is up $1.34, or 6.18%, to $23.04. Tiffany & Co. (NYSE: TIF) is up $1.03, or 2....
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Zale Negotiates With Citibank For Credit Card Deal Extension (ZLC, C)
Monday, May 3, 2010 - 12:04pm | 150Zale Corp (NYSE: ZLC) is looking to renew its private-label credit-card deal with Citibank (NYSE: C). Their current agreement is set to expire in March of next year. The jeweler has also persuaded the bank to grant it an extra month for the payment of the penalty levied due to lower sales volume on...
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Consumer Spending, Income Rise (TIF, SBUX)
Monday, May 3, 2010 - 9:29am | 127Consumer spending and disposable income increased in March according to a government report. The Commerce Department said spending rose 0.6 percent, in-line with expectations. February consumer spending was revised upwards to show a 0.5 percent increase from a previously reported 0.3 percent gain....