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BJ's Wholesale Club Down Despite Potential For Sharply Higher Bid
Monday, June 20, 2011 - 2:31pm | 368BJ's Wholesale Club, Inc. (NYSE: BJ) shares are down sharply today, down more than 3% despite a Bloomberg article that says BJ's Wholesale could fetch around $53 per share in a going private offer. Last week, it was disclosed that Leonard Green and CVC Capital Partners had offered to buy the...
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Dip Buying? Try These Five ETFs
Monday, June 20, 2011 - 2:15pm | 614These days, it's hard to be excited by much in the ETF universe from long side. Unless of course you've taken to buying inverse funds, which has been a fine idea since the start of May. Yes, these are trying times, but this is also the type of environment where the astute investor can scoop up...
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UPDATE: Walmart Statement Regarding Supreme Court Ruling in Dukes Case
Monday, June 20, 2011 - 12:10pm | 115Walmart (NYSE: WMT) Statement Regarding Supreme Court Ruling in Dukes Case: "We are pleased with today's ruling and believe the Court made the right decision. Walmart has had strong policies against discrimination for many years. The Court today unanimously rejected class certification and, as...
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3 High Dividend Stocks The Smart Money Is Buying
Monday, June 20, 2011 - 11:59am | 441In times of uncertainty, investors look to high-dividend paying stocks for some sort of normalcy. Every investor looks for dividends to juice yields and returns, as dividends are an important source of income for many, especially retirees. We also want to be playing the same game the "smart money...
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Philip Morris USA Sues Miami Retailers to Combat Counterfeit Cigarette Sales
Monday, June 20, 2011 - 11:51am | 53Philip Morris USA (NYSE: MO) filed a civil lawsuit on Friday against 17 retailers in the Miami area for selling counterfeit Marlboro® cigarettes. This lawsuit is part of a multi-faceted campaign by PM USA aimed at combating the sale of counterfeit Marlboro® cigarettes in south Florida.
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Walmart Trading Higher on Positive Court Ruling
Monday, June 20, 2011 - 11:23am | 39Walmart (NYSE: WMT) is trading over 1% higher on the session on a positive court ruling. The shares are currently trading at $53.42. Wal-Mart Stores, Inc. operates retail stores in various formats worldwide.
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Are These Three Retailers Just Like Greece?
Monday, June 20, 2011 - 11:12am | 510Brian Sozzi of Wall Street Strategies is out with a research note this morning on the potential economic fallout of a Greece default on the U.S. consumer, as well as the parallels of the situation in Greece to a couple of U.S.-based retailers. Sozzi says that enormous amounts of debt are prevalent...
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Options Brief: Hansen Natural Corporation
Monday, June 20, 2011 - 10:57am | 67Shares of Hansen Natural Corporation (NASDAQ: HANS) are higher on the session by 0.69%, trading at $72.81. Overall call volume is now running at 10.74x the daily average, with 12% of all calls traded being purchases on the offer. 11,860 contracts have traded on the session so far. Hansen Natural...
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Goldman Sachs Provides Color on ConAgra, Neutral
Monday, June 20, 2011 - 9:04am | 132Goldman Sachs provided color on ConAgra (NYSE: CAG) ahead of the company's quarterly earnings report, which is due to be published on Thursday, June 23. In a research report published today, Goldman states, "ConAgra (CAG, Neutral) reports 4QFY11 results and issues its FY12 outlook on Thursday,...
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Walmart Closes Investment in 51% Stake in Massmart
Monday, June 20, 2011 - 8:56am | 102Wal-Mart Stores, Inc. (NYSE: WMT) announced today that the company has completed its investment for a 51% stake in South African-based Massmart Holdings Limited for ZAR148.00 per Massmart ordinary share. In terms of the transaction agreement, Walmart is entitled to nominate the chairman and three...
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Heckmann Corporation Acquires Consolidated Petroleum, Inc. to Broaden Service Offerings for Water Solutions
Monday, June 20, 2011 - 7:02am | 191Heckmann Corporation (NYSE: HEK) today announced its acquisition of Consolidated Petroleum, a private full service water pumping and delivery service company providing water transfer solutions to oil and gas customers engaged in hydraulic fracturing. CPI's primary operations are located in the...
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Zhongpin's Top Two Executives Intend to Purchase Shares in Next Six Months
Monday, June 20, 2011 - 6:54am | 137Zhongpin Inc. (Nasdaq: HOGS) today announced that Mr. Xianfu Zhu, Zhongpin's Chairman and Chief Executive Officer, and Mr. Baoke Ben, Director and Executive Vice President, expect to use their personal funds to purchase up to an aggregate total of $1 million worth of Zhongpin's common stock in open...
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Mad Money Lightning Round: Cramer Advises Investors To Buy Kinder Morgan Energy Partners
Monday, June 20, 2011 - 1:18am | 298On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Lithia Motors Inc (NYSE: LAD) is “way too speculative for you. I'd go with Carmax (NYSE: KMX) or with AutoNation (NYSE: AN)." For Kinder Morgan Energy Partners (NYSE: KMP), Jim said, "People didn't like the secondary. I say that'...
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Breakout Stocks to Watch This Week and 1 Speculative Biotech
Sunday, June 19, 2011 - 10:53pm | 2824Click here for a FREE Trading Course Now you can follow me on Stocktwits and Twitter! Each week I publish stocks to watch for the upcoming week as potential momentum trades or longer-term investments. The stocks below all have a 50k minimum average daily share volume and traded at a 52-week high...
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Bears Stop for a Pic-a-Nic 06-17-2011
Friday, June 17, 2011 - 4:37pm | 981Cusick's Corner The market is now just off its best levels but for the most part we are seeing a market bounce on positive headlines and the shorts are stepping aside at this stage. Now this can be expected to happen over the next few sessions, especially since the market just was brutalized over...