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Citigroup Raises PT On Wal-Mart Stores To $63
Wednesday, February 23, 2011 - 7:31am | 26Citigroup has raised the price target on Wal-Mart Stores (NYSE: WMT) from $62 to $63 and maintains its Buy rating.
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Bracing For Impact on Netflix
Wednesday, February 23, 2011 - 6:06am | 471Netflix (NASDAQ: NFLX) has crushed many short sellers, among them Tilson Whitney, who publicly published his reason for shorting Netflix, and then rebutted publicly by Netflix's CEO, Reed Hastings. There is no doubt that Netflix is a well-run company, and has executed its strategy flawlessly,...
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Fast Money Pops & Drops, February 22nd (MCP, BKS, WMT, NFLX, AMZN, ARMH)
Tuesday, February 22, 2011 - 7:03pm | 262CNBC Fast Money's Brian Kelly said, in the segment of the show called Pops & Drops, that Molycorp, Inc. (NYSE: MCP) traded 2.11% higher today as both JPMorgan and Morgan Stanley upgraded this stock. He added that he likes Molycorp, Inc. (MCP). Stephen Weiss commented that Barnes & Noble,...
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Volatility Is Back & Complacency Is Challenged 02-22-2011
Tuesday, February 22, 2011 - 6:49pm | 910Cusick's Corner This was clearly a seller's day. Profits were booked early and then later in a muted rally attempt into the afternoon. While this did not feel like a panicked-filled sell session, the tone or should I say the volatility changed, creating a bigger window for traders (specifically...
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Libya Dominating Headlines 02-22-2011
Tuesday, February 22, 2011 - 2:49pm | 1058Cusick's Corner The headline risk just became a reality for now. With the Middle East, most notably Libya, dominating the headlines and continued local unrest at the state level, Wisconsin proposing to drop the public union's collective bargaining rights and now potentially Ohio, the market has...
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Goldman Sachs Maintains WMT Target Following 4Q Results
Tuesday, February 22, 2011 - 10:21am | 170Wal-Mart Stores, Inc. (NYSE: WMT) reported 4Q EPS of $1.34 (excluding $0.07 in tax benefits), “versus our above-consensus estimate of $1.32,” Goldman Sachs reports. “The company was able to leverage SG&A by 12 bp despite US SSS of -1.8%,” Goldman Sachs writes. “Gross margin increased 5 bp,...
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Retail Under Pressure
Tuesday, February 22, 2011 - 10:05am | 204This morning many of the leading retail stocks reported earnings. The popular Retail Holders Trust(NYSE: RTH) is trading lower by $1.26 to $107.99 a share. The RTH looks to have some intra-day support around the $107.00 level should it trade down there. This is a level where traders can look for a...
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News Summary
Tuesday, February 22, 2011 - 9:43am | 253Shares of Macy's Inc (NYSE: M) dropped about 1% after the company reported its Q4 profit at $667 million, or $1.55 per share, versus $445 million, or $1.05 per share, in the year-earlier period. The company's sales increased to $8.27 billion from $7.85 billion. Macy's comparable-store sales...
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Brian Sozzi Continues To Dislike Wal-Mart (WMT)
Tuesday, February 22, 2011 - 9:30am | 117Brian Sozzi of Wall Street Strategies was on CNBC this morning discussing Wal-Mart's (NYSE: WMT) quarterly earnings and guidance, which were largely disappointing. Sozzi has a Sell rating on shares. Sozzi said that he expected the U.S. market to be challenging, because of merchandising problems....
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Wal-Mart Weak On Earnings Miss (WMT)
Tuesday, February 22, 2011 - 8:38am | 235Shares of Wal-Mart Stores Inc. (NYSE: WMT) are down more than 1% in pre-market trading as the company suggested its first quarter earnings would come in lower than Wall Street expected. Wal-Mart reported fourth quarter earnings of $1.70 per share on revenues of $115.6 billion, which excludes...
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A Peek Into The Market Before The Trading Starts
Tuesday, February 22, 2011 - 7:42am | 462Pre-open movers US stock futures are lower this morning as unrest continued in the major oil-producing state of Libya. Futures for the Dow Jones Industrial Average tumbled 95 points to 12,280, while those for the S&P 500 index dropped 16.70 points to 1,326. Futures for the Nasdaq 100 declined...
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EWallstreeter Morning Financial Newspapers Recap
Tuesday, February 22, 2011 - 7:11am | 45Investors are concerned about whether Wal-Mart's (NYSE: WMT) US store division has grown. (Reuters) Moody's cut its outlook on Japan to negative due to concerns about whether government austerity measures will work. (Reuters) US oil prices reach 2
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Wal-Mart Reports Upbeat Q4 Earnings
Tuesday, February 22, 2011 - 7:10am | 57Wal-Mart Stores Inc (NYSE: WMT) reports its Q4 adjusted EPS at $1.34, beating the consensus of $1.31. WMT reports its Q4 revenue at $115.6 billion, versus the consensus of $117.68 billion. WMT shares gained 0.51% to $55.66 in after-hours trading. Read more from Benzinga's Company news.
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US Stock Futures Signal Lower Start On Wall Street, Libya Unrest Continues
Tuesday, February 22, 2011 - 6:41am | 350US stock futures are lower this morning as unrest continued in the major oil-producing state of Libya. Futures for the Dow Jones Industrial Average tumbled 100 points to 12,275.00, while those for the S&P 500 index dropped 16.6 points to 1,325.60. Futures for the Nasdaq 100 declined 36 points...
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Earnings Scheduled For February 22 (M, HPQ, MHS, WMT, BKS, MDT, ODP, NRG, HTZ, RSH, HD, CHK, MHK)
Tuesday, February 22, 2011 - 3:19am | 337Macy's Inc (NYSE: M) is projected to report its Q4 EPS at $1.52 on revenue of $8.27 billion. Hewlett-Packard Company (NYSE: HPQ) is estimated to report its FQ3 EPS at $1.29 on revenue of $32.95 billion. Medco Health (NYSE: MHS) is projected to post its Q4 EPS at $0.94 on revenue of $16.65 billion...