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Benzinga's Top Downgrades (KBH, TXI, XOM, BJ)
Monday, January 10, 2011 - 9:35am | 145KB Home (NYSE: KBH) was downgraded by Credit Suisse from "neutral" to "underperform." KBH's stock closed at $15.25 on Friday. KB Home's PEG ratio is -1.33. Texas Industries Inc (NYSE: TXI) was downgraded by Jefferies & Co from "buy" to “hold." TXI's shares closed at $42.15 on Friday. Texas...
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Regis' Second Quarter Sales Slip - Analyst Blog
Monday, January 10, 2011 - 9:30am | 648Based in Edina, Regis Corporation (RGS) recently reported its second quarter 2011 revenues of $574 million, down 0.2% over the year in a pre-earnings announcement. Regis owns franchises or has stakes in more than 12,700 salons, hair restoration centers and cosmetology education services. The...
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Goldman Sachs Downgrades Wal-Mart Stores To Neutral
Monday, January 10, 2011 - 7:50am | 27Goldman Sachs has downgraded Wal-Mart Stores, Inc. (NYSE: WMT) from Buy to Neutral and has issued a $60 price target.
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UBS Downgrades BJ To Neutral
Monday, January 10, 2011 - 7:27am | 50Analysts at UBS downgrade BJ's Wholesale Club Inc (NYSE: BJ) from “buy” to “neutral.” The target price for BJ is set to $47. BJ shares gained 0.20% to close at $45.34 on Friday. More Analyst Ratings here
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Costco Retains Sales Momentum - Analyst Blog
Friday, January 7, 2011 - 1:33pm | 652Costco Wholesale Corporation (COST), one of the leading U.S. warehouse club operators, recently posted healthy sales data for the five-week period ended January 2, 2011. The company sustained its sales, although the rate of growth decelerated. After a 9% increase in November 2010, Costco's...
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Costco Retains Sales Momentum - Analyst Blog
Friday, January 7, 2011 - 1:00pm | 652Costco Wholesale Corporation (COST), one of the leading U.S. warehouse club operators, recently posted healthy sales data for the five-week period ended January 2, 2011. The company sustained its sales, although the rate of growth decelerated. After a 9% increase in November 2010, Costco's...
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PriceSmart Beats Estimates (PSMT)
Friday, January 7, 2011 - 9:19am | 166PriceSmart, Inc. (Nasdaq: PSMT) announced on Friday morning that it beat consensus Wall Street estimates. PriceSmart, Inc reported that its 1st quarter net income rose to $14.9 million, or 50 cents per share, up from $10.4 million, or 35 cents per share, a year earlier. The company's total revenue...
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Leadership Shifting from Commodities to Tech 01-06-2011
Thursday, January 6, 2011 - 8:01pm | 796Cusick's Corner The market continues to consolidate, but it's still not exhibiting clear signs of any directional bias. This is not stating that the rally is over, it's a sign that leadership is shifting out of Commodities (thanks to the Dollar move) and more into Tech (XLK). All eyes will be on...
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Spreading Tools in the OX Toolbox 01-06-2011
Thursday, January 6, 2011 - 4:53pm | 875Cusick's Corner SPREADING: it's a way to mitigate time, volatility, and premium risk. Here are some tools to consider utilizing before entering a spread. I usually talk about determining market sentiment first – so use our Chart Patterns tool. For assessing volatility, use the Dragon or...
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Jobless Claims Up, But Trend Still Down - Analyst Blog
Thursday, January 6, 2011 - 12:30pm | 2268Initial Claims for Unemployment Insurance rose by 18,000 last week to 409,000 (last week was also revised up by 3,000, so one could see it as a 21,000 increase). This was slightly worse than the expected level of 405,000. The massive drop during the Christmas week was clearly affected by some...
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Jobless Claims Up, But Trend Still Down - Analyst Blog
Thursday, January 6, 2011 - 11:51am | 2268Initial Claims for Unemployment Insurance rose by 18,000 last week to 409,000 (last week was also revised up by 3,000, so one could see it as a 21,000 increase). This was slightly worse than the expected level of 405,000. The massive drop during the Christmas week was clearly affected by some...
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Wall Street Strategies Reiterates Hold Rating on Costco Wholesale (COST)
Thursday, January 6, 2011 - 10:43am | 172Wall Street Strategies is out with a research report this morning, where it reiterates its Hold rating on Costco Wholesale Corp. (NASDAQ: COST); it has a $75.00 price target on the stock. Brain Sozzi cited the company's recent December comp store sales announcement, which disappointed in its...
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Company News for January 06, 2011 - Corporate Summary
Thursday, January 6, 2011 - 10:33am | 719• Constellation Brands (NYSE:STZ) reported fiscal third quarter earnings of $0.66, ahead of the Zacks Consensus Estimate of $0.61, on revenues of $966 million lower than the Zacks Consensus Estimate of $987 million • Oppenheimer has upgraded ExxonMobil (NYSE:XOM) from "market-perform" to "...
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Company News for January 06, 2011 - Corporate Summary
Thursday, January 6, 2011 - 10:19am | 719• Constellation Brands (NYSE:STZ) reported fiscal third quarter earnings of $0.66, ahead of the Zacks Consensus Estimate of $0.61, on revenues of $966 million lower than the Zacks Consensus Estimate of $987 million • Oppenheimer has upgraded ExxonMobil (NYSE:XOM) from "market-perform" to "...
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Piper Jaffray Downgrades BJ's Wholesale To Neutral
Thursday, January 6, 2011 - 9:54am | 150Based on current valuation, Piper Jaffray is adjusting its rating on shares of BJ's Restaurants (NYSE: BJ) to Neutral. Piper recognizes BJ's as one of the premier growth names in the casual dining space and credit the company for its best-in-class management team and dining experience. Piper's bias...