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Take-Two Interactive at Risk for Another SEC Investigation?
Tuesday, August 9, 2011 - 12:41pm | 608Yesterday was not a great day for the company. Tomorrow might not be any better. While shares of Take-Two Interactive (NASDAQ: TTWO) are moving upward today, the company was among the many corporations that nearly lost their lunch on Monday. Granted, Take-Two's downfall can be partially attributed...
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Where to Invest When the Market Crashes
Monday, August 8, 2011 - 9:37pm | 543Some investors believe that low priced stocks are the best ones to invest in during a market crash because they can have the biggest percentage upside when the market recovers. Other investors think that sticking with the large caps is the way to go in case market bottom is missed by investing too...
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Preparing for This Week After the Debt Downgrade
Sunday, August 7, 2011 - 9:07pm | 734Click here for a FREE Trading Course The United States' debt was downgraded on Friday by Standard &Poors. There is plenty of commentary available in the media and online as to why and how it happened and potential implications. I'll save you the time and cut right to the chase on what I'm...
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Why Financial Markets Will Not Repeat 2008
Friday, August 5, 2011 - 11:58am | 662By Conor Sen I've never been a huge drinker, especially as an undergrad, but a couple weeks before graduation I threw up from alcohol for the first and only time as a college student. A friend of mine who had never even sipped alcohol was turning 21, and to celebrate his dad had sent his friends...
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PriceSmart July Comparable Warehouse Sales up 20.9%
Friday, August 5, 2011 - 7:01am | 124PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of July 2011, net warehouse club sales increased 23.8% to $149.8 million, from $121.0 million in July a year earlier. For the eleven months ended July 31, 2011, net warehouse club sales increased 22.8% to $1,526.9 million from $1,...
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BJ's Wholesale Club July Same Club Sales up 9.2%
Thursday, August 4, 2011 - 7:04am | 90BJ's Wholesale Club, Inc. (NYSE: BJ) today reported that sales for July 2011 increased by 12.4% to $854.8 million from $760.9 million in July 2010. On a comparable club basis, July 2011 sales increased by 9.2%, including a contribution from sales of gasoline of 3.8%. Merchandise comparable club...
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A Peek Into The Market Before The Trading Starts
Thursday, August 4, 2011 - 6:28am | 400Pre-open movers US stock futures are lower this morning, as investors are awaiting earnings from General Motors Co (NYSE: GM) and weekly jobless claims data. Futures for the Dow Jones Industrial Average dipped 70 points to 11,748.00 and S&P 500 index futures fell 8.60 points to 1,245.90. Nasdaq...
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Costco Reports 10% Rise In July Same-Store Sales
Thursday, August 4, 2011 - 4:36am | 61Costco Wholesale Corp (NASDAQ: COST) reported a 10% rise in its July sales at stores open at least a year. Costco's total sales surged 15% to $6.74 billion. However, analysts were expecting same-store sales to increase 8.6%. Excluding the impact of gasoline prices and foreign exchange, Costco's...
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News Summary for August 2, 2011
Tuesday, August 2, 2011 - 6:53am | 516This is your Benzinga news summary and traders' outlook for Tuesday, August 2, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower even after the House voted to pass a deal to raise the nation's debt...
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Benzinga's Top Downgrades
Tuesday, August 2, 2011 - 6:49am | 121eResearch Technology Inc (NASDAQ: ERT) was downgraded by Benchmark Company from "buy" to "hold." ERT's shares closed at $6.43 yesterday. ERT's trailing-twelve-month profit margin is 6.97%. Deutsche bank downgraded Teekay Tankers Ltd (NYSE: TNK) from “buy” to “hold.” TNK's stock closed at $8.39...
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A Peek Into The Market Before The Trading Starts
Tuesday, August 2, 2011 - 6:31am | 353Pre-open movers US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dipped 51 points to 11,989.00 and S&P 500 index futures fell 6.70 points to 1,273.00. Nasdaq 100 futures dropped 11.25 points to 2,334.75. A Peek Into Global Markets European markets were...
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Jefferies Downgrades Wal-Mart To Hold, Lowers PT To $56
Tuesday, August 2, 2011 - 5:11am | 27Jefferies & Company has downgraded Wal-Mart (NYSE: WMT) from Buy to Hold and has lowered the price target from $61 to $56.
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Piper Jaffray Reiterates Overweight Rating On Costco
Monday, August 1, 2011 - 6:55am | 57According to Piper Jaffray, Costco Wholesale (NASDAQ: COST) Overweight rating is reiterated. Piper Jaffray said that it is estimating a July comp of +8% to +9% vs. consensus of ~+8.7%. “We reiterate our OW rating and price target of $88 based on 23x F12E EPS of $3.82.” Costco Wholesale closed on...
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Citi Maintains Buy on Wal-Mart Stores
Wednesday, July 27, 2011 - 7:08am | 98Citi is out with its report today on Wal-Mart (NYSE: WMT), maintaining Buy. In a note to clients, Citi writes, "We rate the shares of WMT Buy/Medium Risk (1M). We expect long-term same-store sales growth to be driven by WMT's strong value proposition and improved in-store execution. In addition,...
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Retail Stocks Look Unshaken
Tuesday, July 26, 2011 - 9:35am | 134The retail sector is holding up pretty well despite the early stock market decline. The Retail Holders Trust(NYSE: RTH) is trading higher by 0.25 cents to $109.86 a share. Short term traders can watch for intra-day support on the RTH around the $109.75 and $109.50 levels. Some leading retail...