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Benzinga's Top Pre-Market Gainers
Tuesday, August 16, 2011 - 6:57am | 110Wal-Mart Stores Inc (NYSE: WMT) moved up 2.26% to $51.11 in the pre-market session. WMT reported a 5.7% rise in its fiscal second-quarter net income. Home Depot Inc (The) (NYSE: HD) added 1.72% to $32.00 in the pre-market session. HD reported a 14% rise in its fiscal-second-quarter net income....
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News Summary for August 16, 2011
Tuesday, August 16, 2011 - 6:44am | 642This is your Benzinga news summary and traders' outlook for Tuesday, August 16, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower. At last check, Dow futures are down over 100 points and the U.S....
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A Peek Into The Market Before The Trading Starts
Tuesday, August 16, 2011 - 6:30am | 383Pre-open movers US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dipped 107 points to 11,296.00 and S&P 500 index futures fell 16.20 points to 1,182.20. Nasdaq 100 futures dropped 27.75 points to 2,178.75. A Peek...
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UPDATE: Wal-Mart Reports 5.7% Rise In FQ2 Net Income
Tuesday, August 16, 2011 - 6:27am | 80Wal-Mart Stores Inc (NYSE: WMT) reported a 5.7% rise in its fiscal second-quarter net income. Wal-Mart's net income surged to $3.8 billion from $3.6 billion. Its earnings per share rose to $1.09 from $0.97. Its net sales rose 5.5% to $108.64 billion. However, analysts were expecting earnings of $1...
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Solid Earnings Coupled with M&A Activity Illustrates Opportunity
Tuesday, August 16, 2011 - 6:19am | 312Global markets have fluctuated wildly in recent weeks, as investors jockey to protect themselves amid an onslaught of debt problems, political bickering, and renewed recession concerns. Less spoken about is some of the better economic news that continuously pops up across the world. Earnings at...
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US Stock Futures Down; Wal-Mart Earnings In Focus
Tuesday, August 16, 2011 - 5:11am | 533US stock futures are lower this morning, as investors are awaiting earnings from Wal-Mart Stores Inc (NYSE: WMT). Futures for the Dow Jones Industrial Average dipped 77 points to 11,326.00 and S&P 500 index futures fell 12.60 points to 1,185.80. Nasdaq 100 futures dropped 23.50 points to 2,183....
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Earnings Scheduled For August 16
Tuesday, August 16, 2011 - 3:19am | 481TJX Companies Inc (The) (NYSE: TJX) is expected to report its Q2 EPS at $0.89 on revenue of $5.44 billion. Home Depot Inc (The) (NYSE: HD) is projected to report its Q2 EPS at $0.83 on revenue of $19.96 billion. Saks Incorporated (NYSE: SKS) is estimated to post a Q2 loss at $0.09 per share on...
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Stocks To Watch For August 16
Tuesday, August 16, 2011 - 2:52am | 299Some of the stocks that may grab investor focus today are: Wall Street expects Dell Inc (NASDAQ: DELL) to report its Q2 EPS at $0.49 on revenue of $15.76 billion. Dell shares jumped 4.19% to $16.15 in after-hours trading. Agilent Technologies Inc (NYSE: A) reported a 61% rise in its fiscal third-...
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oBaz's Brian Ficho: "We're Entirely Community-Driven"
Monday, August 15, 2011 - 2:55pm | 1107There are a lot of bizarre sites in the world. Lately, there have been a few bazaar sites as well. But only one combines the art of haggling with the benefits of crowdsourcing: oBaz.com. “The group is very important,” said Brian Ficho, the founder and CEO of oBaz. “We're entirely community-driven...
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Sleeping like a Baby with Your Investment Dollars
Saturday, August 13, 2011 - 10:18am | 1582Amidst the recent, historically high volatility in the financial markets, there have been a large percentage of investors who have been sleeping like a baby – a baby that stays up all night crying! For some, the dream-like doubling of equity returns achieved from the first half of 2009 through the...
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Earnings Preview: Wal-Mart Stores' EPS, Revenue Expected to Rise
Thursday, August 11, 2011 - 11:15am | 573Wal-Mart Stores (NYSE: WMT) releases its next round of earnings this Tuesday, August 16, 2011. Get the latest predictions in Benzinga's essential guide to the company's second quarter earnings report. Earnings and Revenue: Wall Street expects an EPS of $1.08/share and revenues of $108.26 billion...
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UPDATE: Benchmark Initiates Coverage on PriceSmart
Wednesday, August 10, 2011 - 8:45am | 94Benchmark has published a report on PriceSmart (NASDAQ: PSMT) initiating coverage on the warehouse shopping club company. In the report, Benchmark wrote, "We contend that the shares have upside potential, given the Company's growth and operating margin opportunities. We believe over the next...
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Benchmark Initiates PriceSmart At Buy, $70 PT
Wednesday, August 10, 2011 - 6:38am | 25The Benchmark Company has initiated coverage on PriceSmart (NASDAQ: PSMT) with a Buy rating and $70 price target.
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Jefferies Downgrades COST, HD, KSS, LOW, PETM, SPLS, TGT, USTR To Hold
Wednesday, August 10, 2011 - 6:27am | 153Jefferies & Company has downgraded the following companies: Costco (NASDAQ: COST) $74.66, from Buy to Hold PT from $93 to $71 Home Depot (NYSE: HD) $30.15, from Buy to Hold, PT from $44 to $33 Kohl's (NYSE: KSS) $46.56, from Buy to Hold, PT from $63 to $50 Lowe's (NYSE: LOW) $19.17, from...
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Gilford Securities Reiterates Wal-Mart Buy
Tuesday, August 9, 2011 - 1:40pm | 73Gilford Securities reiterated its Wal-Mart (NYSE: WMT) Buy rating in a research report published today. In the report, Gilford Securities states, "A correction of errors is underway in time for the back-to-school season, and we think US Walmart's same-store sales will be positive before the end of...