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BJ's Wholesale Beats, Lifts Outlook - Analyst Blog
Thursday, November 18, 2010 - 6:01am | 850BJ's Wholesale Club, Inc. (BJ), a leading warehouse club operator in the United States, recently posted better-than-expected third-quarter 2010 results on the heels of higher merchandise margins and effective cost management, and lifted its outlook. The quarterly earnings of 43 cents a share...
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Stock Market News for November 18, 2010 - Market News
Thursday, November 18, 2010 - 5:06am | 1056Stocks closed mixed on Wednesday amid lingering concerns about debt problems in Europe and a sharp drop in construction of new homes in the U.S. Financials were the weak spot in yesterday's trading but strength in retailers' shares helped contain the losses. The blue-chip Dow average closed with a...
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RadioShack Downgraded to Neutral - Analyst Blog
Wednesday, November 17, 2010 - 3:30pm | 611We downgrade our recommendation on RadioShack Corp. (RSH) to Neutral. Major near-term concern for RadioShack is the significant decline in its gross margin. In the third quarter of 2010, gross margin was 45.4% compared to 47.6% in the prior-year quarter and 47.5% in the previous quarter....
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NASDAQ Stocks Hitting 52-Week Highs (COST, GLNG, PNRA, LDSH)
Wednesday, November 17, 2010 - 1:35pm | 166Costco Wholesale Corporation (NASDAQ: COST) shares reached $66.58 to create a new 52-week high, before falling to $66.55, representing a 1.23% gain. COST's earnings are likely to increase by 18.48% this year. Golar LNG Limited (NASDAQ: GLNG) shares reached $14.65 to create a new 52-week high,...
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As Top-Line Improvements Continue, Goldman Sachs Reiterates Wal-Mart Rating
Wednesday, November 17, 2010 - 12:09pm | 99Wal-Mart (NYSE: WMT) shares rallied 0.6% versus a 1.6% decline in the S&P 500 as the company delivered a US comp and Q3 EPS within its guidance range as well as upwardly revise its EPS outlook, Goldman Sachs reports. “It was another quarter in which the company demonstrated that it can drive...
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Target Beats Estimate - Analyst Blog
Wednesday, November 17, 2010 - 11:33am | 843Target Corporation (TGT), the operator of general merchandise and food discount stores in the United States, recently posted third-quarter 2010 results. The quarterly earnings of 74 cents a share beat the Zacks Consensus Estimate of 68 cents, and rose 28.5% from 58 cents delivered in the prior-...
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Zacks Analyst Blog Highlights: Wal-Mart Stores, The Home Depot, Lowe's Companies, Freeport McMoRan and Peabody Energy - Press Releases
Wednesday, November 17, 2010 - 11:33am | 1803For Immediate Release Chicago, IL – November 17, 2010 – Zacks.com Analyst Blog features: Wal-Mart Stores Inc. (WMT), The Home Depot Inc. (HD), Lowe's Companies Inc. (LOW), Freeport McMoRan (FCX) and Peabody Energy (BTU). Get the most recent insight from Zacks Equity Research with the free Profit...
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Wal-Mart's 3Q10 EPS Review
Wednesday, November 17, 2010 - 11:11am | 78Citi published its update on Wal-Mart Stores (NYSE: WMT) following 3Q10 EPS results. WMT's 3Q10 EPS results were a penny below Citi's estimate. This reflected a lower-than-expected gross margin contraction and lower-than-expected expense leverage. According to Citi, "WMT raised its 2010 EPS...
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UBS Raises Price Targets (FDX, JEC, INTU, WMT)
Wednesday, November 17, 2010 - 10:53am | 62UBS raises price targets on the following companies: Wal-Mart (NYSE: WMT) from $60 to $61. Jacobs Engineering Group (NYSE: JEC) from $40 to $43. Intuit (NASDAQ: INTU) from $44 to $51. FedEx (NYSE: FDX) from $105 to $111.
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News Summary
Wednesday, November 17, 2010 - 10:33am | 200Shares of BJ's Wholesale Club Inc (NYSE: BJ) gained about 4% after the company reported upbeat Q3 earnings. The company's profit came in at $0.43 per share, up from $0.32 per share, in the year-ago quarter. The company's sales surged about 5% y/y to $2.57 billion. However, analysts expected...
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Stock Market News for November 17, 2010 - Market News
Wednesday, November 17, 2010 - 10:33am | 985Reports of a slowdown in China and concerns that the European debt crisis could spread throughout the continent cast a shadow on Wall Street Tuesday, sending the Dow average to its biggest single-session drop since August. The fast-paced economic growth in some Asian economies, particularly...
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Dick's Comfortably Beats - Analyst Blog
Wednesday, November 17, 2010 - 10:33am | 716Dick's Sporting Goods Inc. (DKS), an authentic full-line sporting goods retailer, posted strong third quarter 2010 results, ended October 30, 2010, on the heels of higher sales and improved margins. Quarterly earnings climbed to 22 cents a share from the year-ago level of 16 cents and comfortably...
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Company News for November 17, 2010 - Corporate Summary
Wednesday, November 17, 2010 - 10:33am | 719• Target's (NYSE: TGT) third quarter matched sales and earnings estimates, with earnings of $0.68 and revenues $15.61 billion • BJ's Wholesale Club (NYSE: BJ) posed third quarter results beating estimates by $0.07 at $0.43, on revenues up 4.9% YoY to $2.6 billion, in-line with expectations • Human...
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RadioShack Downgraded to Neutral - Analyst Blog
Wednesday, November 17, 2010 - 9:56am | 611We downgrade our recommendation on RadioShack Corp. (RSH) to Neutral. Major near-term concern for RadioShack is the significant decline in its gross margin. In the third quarter of 2010, gross margin was 45.4% compared to 47.6% in the prior-year quarter and 47.5% in the previous quarter....
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A Peek Into The Market Before The Trading Starts
Wednesday, November 17, 2010 - 8:42am | 382Pre-open movers US stock futures are higher, this morning, as investors awaited economic data. Futures on the Dow Jones Industrial Average gained 22 points to 11,006.00, while S&P 500 futures rose 3.50 points to 1,178.20. Nasdaq 100 futures moved up 7 points to 2,097.75. A Peek Into Global...