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BJ Sales Better Than Expected, Citigroup Reports
Thursday, January 6, 2011 - 9:46am | 131Citigroup reports that BJ's Wholesale Club, Inc.'s (NYSE: BJ) Dec. SSS of +3.8%, above Citigroup's (-1) to 1% estimate and consensus of +4.2%, and vs. +4.8% LY. “The contribution from sales of gas of was 2.4% while merchandise comparable club sales increased by approx,” Citigroup writes. “1.4%....
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Goldman Sachs Raises BJ's Wholesale Estimates Following December Sales Results
Thursday, January 6, 2011 - 9:45am | 154Following BJ's Wholesale (NYSE: BJ) December sales results and announcement of strategic actions, Goldman Sachs is raising its 2011/2012 EPS estimates to $2.76/$3.02 from $2.74/$3.00. While December sales fell short of expectations and consensus estimates, Goldman believes management's actions to...
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US Stock Futures Up As Investors Await Jobless-Claims Data
Thursday, January 6, 2011 - 7:39am | 266US stock futures are higher this morning as investors are awaiting weekly jobless-claims data. Futures on the Dow Jones Industrial Average rose 32 points to 11,696.00 and S&P 500 index futures gained 3.90 points to 1,275.70. Nasdaq 100 futures gained 6.75 points to 2,276.50. The blue-chip Dow...
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Rite Aid Reverses SSS Decline - Analyst Blog
Wednesday, January 5, 2011 - 2:33pm | 630Leading drugstore chain operator Rite Aid Corp. (RAD) reported a growth of 0.6% in same-store sales for the four weeks ended December 25, 2010. The company reported a same-store sales increase after 18 consecutive months of decline ever since May 2009, when it had registered positive same-store...
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Rite Aid Reverses SSS Decline - Analyst Blog
Wednesday, January 5, 2011 - 1:45pm | 630Leading drugstore chain operator Rite Aid Corp. (RAD) reported a growth of 0.6% in same-store sales for the four weeks ended December 25, 2010. The company reported a same-store sales increase after 18 consecutive months of decline ever since May 2009, when it had registered positive same-store...
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Market Roundup (LCC, ATHR, QCOM, ADSK, FDO, BJ, DG, DLTR)
Wednesday, January 5, 2011 - 12:58pm | 313Shares of US Airways (NYSE: LCC) gained about 5% after the company reported a 5.7% rise in its total December mainline traffic. The company's mainline traffic came in at 4.7 billion revenue passenger miles. LCC's total December capacity increased 3.7% y/y to 5.9 billion available seat miles. LCC's...
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Target Gets Shot Down
Wednesday, January 5, 2011 - 11:45am | 105This morning the leading retail stock Target Corp.(NYSE: TGT) is declining lower by $1.29 to $58.70. This stock is pulling back from a recent 52 week high made two sessions ago at $60.97. Target will have short term intra-day support around the $58.50-$58.30 area. The stock could see a small intra-...
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Family Dollar Misses, Earnings Up - Analyst Blog
Wednesday, January 5, 2011 - 10:33am | 795Family Dollar Stores Inc. (FDO) recently posted lower-than-expected first-quarter 2011 results. The quarterly earnings of 58 cents a share missed the Zacks Consensus Estimate of 61 cents, but jumped 18.4% from 49 cents earned in the prior-year quarter due to healthy sales witnessed in the...
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Family Dollar Misses, Earnings Up - Analyst Blog
Wednesday, January 5, 2011 - 10:00am | 795Family Dollar Stores Inc. (FDO) recently posted lower-than-expected first-quarter 2011 results. The quarterly earnings of 58 cents a share missed the Zacks Consensus Estimate of 61 cents, but jumped 18.4% from 49 cents earned in the prior-year quarter due to healthy sales witnessed in the...
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Brian Sozzi Reiterates Buy On BJ's Wholesale Club Inc. (BJ)
Wednesday, January 5, 2011 - 9:55am | 204Brian Sozzi of Wall Street Strategies is reiterating its Buy rating and $53 price target on shares of BJ's Wholesale Club Inc. (NYSE: BJ). In a note sent to clients, Sozzi writes, "BJ's Wholesale Club (BJ) is out with a flurry of news this morning. In the aggregate, the personnel shakeup in the...
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Previewing & Trading The ISM Serivces
Wednesday, January 5, 2011 - 9:40am | 71The ISM Services index is scheduled to be released at 10:00 a.m. for December. Economists expect a reading of 55.7. Should the services index come in better than expected, we could see companies Wal-Mart (NYSE: WMT), Target (NYSE: TGT) and companies of that nature rally a little bit on a hotter...
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A Peek Into The Market Before The Trading Starts
Wednesday, January 5, 2011 - 8:43am | 451Pre-open movers US stock futures are lower this morning as investors are awaiting ADP jobs data. Futures on the Dow Jones Industrial Average fell 60 points to 11,559 and S&P 500 futures dropped 8 points to 1,257. Futures for the Nasdaq 100 index fell 13 points at 2,233. A Peek Into Global...
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BJ'S Wholesale Club Announces Strategic Actions (BJ)
Wednesday, January 5, 2011 - 8:39am | 490BJ's Wholesale Club, Inc. (NYSE: BJ) today announced strategic actions to strengthen its operations that include closing five underperforming clubs (three in the Atlanta market, one in Sunrise, FL, and one in Charlotte, NC) by the end of this month, and restructuring its home office and certain...
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BJ's Wholesale Club Names Robert W. Eddy EVP & CFO
Wednesday, January 5, 2011 - 8:33am | 126BJ's Wholesale Club, Inc. (NYSE: BJ) announced today that Robert W. Eddy, BJ's Senior Vice President, Director of Finance, has been named Executive Vice President and Chief Financial Officer and Cornel Catuna, BJ's Senior Vice President of Field Operations, has been named Executive Vice President...
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BJ's Wholesale Club Reports December Sales
Wednesday, January 5, 2011 - 8:32am | 73BJ's Wholesale Club, Inc. (NYSE: BJ) today reported that sales for December 2010 increased by 7.3% to $1.25 billion from $1.16 billion in December 2009. Comparable club sales for December 2010 increased by 3.8%, including a contribution from sales of gasoline of 2.4%. Excluding the impact of...