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US Stock Futures Up As Investors Await Jobs Report
Friday, March 4, 2011 - 6:05am | 338US stock futures are higher this morning, as investors are awaiting nonfarm payrolls for February. Futures on the Dow Jones Industrial Average surged 32 points to 12,271.00 and futures on the S&P 500 stock index gained 2.80 points to 1,332.50. Nasdaq 100 futures rose 5 points to 2,376.75. US...
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Stocks To Watch For March 4 (MSG, MRVL, NOVL, CIS, WMT)
Friday, March 4, 2011 - 2:53am | 269Some of the stocks that may grab investor focus today are: Wall Street expects Madison Square Garden Inc (NASDAQ: MSG) to report its Q4 EPS at $0.43 on revenue of $435.06 million. MSG shares gained 2.63% to close at $29.71 yesterday. Marvell Technology Group Ltd (NASDAQ: MRVL) reported its FQ4...
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Fast Money Picks For March 4th (WMT, BX, M, BG, ADM)
Thursday, March 3, 2011 - 7:43pm | 211On CNBC's Fast Money, Tim Seymour said that he would buy Wal-Mart Stores, Inc. (NYSE: WMT) at $52. Wal-Mart Stores, Inc. (WMT) gained 0.08% in the regular trading session, and it closed at $52.01. In the after hours, it jumped 0.88% to $52.47. Guy Adami thinks that The Blackstone Group L.P. (NYSE...
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Walmart Increases Annual Dividend
Thursday, March 3, 2011 - 4:26pm | 60The Board of Directors of Wal-Mart Stores, Inc. (NYSE: WMT) has approved an annual dividend of $1.46 per share, a 21 percent increase from the $1.21 per share paid during fiscal year 2011. For the current fiscal year ending Jan. 31, 2012, the annual dividend of $1.46 per share will be paid in four...
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Walmart Increases Dividend By 21% (WMT)
Thursday, March 3, 2011 - 4:21pm | 14Walmart (NYSE: WMT) Increases Dividend By 21%.
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Goldman Sachs Gives Color On CostCo Following Recent Earnings Report
Thursday, March 3, 2011 - 9:21am | 174CostCo's (NASDAQ: COST) 2Q EPS of $0.79 was generally in line with consensus estimates. More importantly, details from the call demonstrated that the company's gross margin can still expand in a broadly inflationary environment. While the headline EPS number was only in line with the consensus...
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Citi Comments On BJ's Wholesale Following Recent Earnings Report
Thursday, March 3, 2011 - 8:52am | 152Citi was impressed with BJ's Wholesale (NYSE: BJ) 4Q10 EPS beat, which was driven by better-than-expected expense control. Looking ahead, Citi believes club retailers such as BJ are well-positioned in the rising gas price environment to benefit from increased traffic and sales. As a result, it...
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UPDATE: Deutsche Bank Color On COST FQ2
Thursday, March 3, 2011 - 7:29am | 141Deutsche Bank, which raised its PT on shares of Costco Wholesale Corporation (NASDAQ: COST), is providing some color on the stock. “FQ2 was in-line, and we were encouraged by the combination of strong comp trends and positive merchandise margin growth (even ex-Mexico), despite rising cost pressures...
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Citigroup Raises PT On Costco To $75
Thursday, March 3, 2011 - 7:26am | 30Citigroup has raised the price target on Costco Wholesale Group (NASDAQ: COST) from $65 to $75 and maintains its Hold rating.
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Deutsche Bank Raises PT On Costco To $74
Thursday, March 3, 2011 - 7:14am | 31Deutsche Bank has raised the price target on Costco Wholesale Corporation (NASDAQ: COST) from $69 to $74 and maintains its Hold rating.
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Heavy Call Volume in Alcoa (AA) as Stock Retreats
Wednesday, March 2, 2011 - 2:44pm | 1598The broad market took it on the chin yesterday, losing around 1.5%, and Alcoa (AA) was among the worst-performing names in the Dow, shedding more than 3% of its value. The aluminum company's CEO said Tuesday that while U.S. industrial demand for the metal is improving, he doesn't feel “the current...
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Wall Street Strategies Downgrades Costco To Sell, Lowers PT To $65 (COST)
Wednesday, March 2, 2011 - 1:36pm | 123Wall Street Strategies downgraded Costco (NASDAQ: COST) from Hold to Sell and lowered Costco's price target from $75 to $65 in a research report published today. In the report, Wall Street Strategies states, "At the heart of those revisions include the following factors: (1) Costco's central...
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WalMart Under Early Pressure
Wednesday, March 2, 2011 - 10:41am | 90WalMart Stores Inc.(NYSE: WMT) is trading sightly lower this morning. The retail giant is trading lower by 0.29 cents to $51.78 a share. The stock does have some minor intra-day support in this area on the charts. There will be more intra-day support around the $51.50 level. This is a spot where...
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News Summary
Wednesday, March 2, 2011 - 9:39am | 248Shares of BJ's Wholesale Club Inc (NYSE: BJ) gained about 0.25% after the company reported its Q4 net income at $10.2 million, or $0.19 per share, versus $54.5 million, or $1 per share, in the year-ago quarter. The company's adjusted net income came in at $0.95 per share. BJ's revenue increased 7%...
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A Peek Into The Market Before The Trading Starts
Wednesday, March 2, 2011 - 8:17am | 433Pre-open movers US stock futures are higher this morning, as investors are awaiting labor-market data. Crude oil traded above $100 a barrel. Futures on the Dow Jones Industrial Average rose 15 points to 12,037.00 and futures on the S&P 500 stock index gained 2.5 points to 1,303.60. Nasdaq 100...