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Wal-Mart Analyst Meeting Takeaways
Monday, October 18, 2010 - 6:48am | 154Wal-Mart Stores Inc. (NYSE: WMT) hosted an analyst meeting that was attended by Citigroup, which states that the company has been treading lightly the last few years and is now back on track to continue growth and expansion. In the report, Citigroup writes "After going "ditch to ditch" for the past...
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Goldman Sachs Bullish On Costco Following Headquarters Meeting
Friday, October 15, 2010 - 7:49am | 131In a report released this morning, Goldman Sachs said that it remains bullish on Costco Wholesale Corporation (NASDAQ: COST) following meetings with members of the management team. Store expansion and higher private label penetration are cited as two of the primary reasons. “Management also...
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Toxic Toys: Who Inspects Them? Wal-Mart? Not Likely
Thursday, October 14, 2010 - 9:35am | 120Wal-Mart (NYSE: WMT) continues to sell a number of products which contain high lead levels and some of these are toys. The same is true about children's products sold by Target (NYSE: TGT), according to The Center for Environmental Health. The California Attorney General has notified the companies...
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Goldman Has Thoughts On Wal-Mart's Analyst Day (WMT)
Thursday, October 14, 2010 - 7:48am | 150Goldman Sachs is out with a research report on Wal-Mart (NYSE: WMT), after the company held its analyst day yesterday. It has a $58 price target, and a Buy rating on shares. In the research note sent to clients, Goldman states, "In our view, WMT struck the right balance between driving growth...
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Stocks To Watch For October 14 (GOOG, SWY, WMT, AMD, FCS)
Thursday, October 14, 2010 - 5:06am | 180Some of the stocks that may grab the investor focus today are: Wall Street expects Google Inc (NASDAQ: GOOG) to post its Q3 EPS at $6.70. GOOG shares rose 0.09% to $543.80 in pre-market trading. Analysts expect Safeway Inc (NYSE: SWY) to report its Q3 profit at $0.31 per share. SWY shares gained 0...
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Walmart Announces Capital Strategy to Drive Global Growth
Wednesday, October 13, 2010 - 3:59pm | 124Wal-Mart Stores, Inc. (NYSE: WMT) today presented its global plans for growth of its operating segments for the current and next fiscal year at its annual conference for the investment community. The company lowered the high end of its range for the current fiscal year 2011 forecast for capital...
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Lots of Ways to Invest Like Warren Buffett
Wednesday, October 13, 2010 - 3:44pm | 726Billionaire Warren Buffett is the second richest American. As most investors know, he is the head of Berkshire Hathaway (BRK-A), the highest priced stock and one of the most successful companies during the last half-century. The company also has Class B shares (BRK-B), currently trading around 83....
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Afternoon Market Update (BIG, SKS, WMT, RST, CVX)
Wednesday, October 13, 2010 - 11:09am | 182US retail shares were mixed, as the shares of Big Lots (NYSE: BIG) dropped about 3.25% after the analysts at JMP Securities downgraded the company from "outperform" to "market perform." The gainers in the list include Saks Inc (NYSE: SKS) and Wal-Mart Stores (NYSE: WMT). The S&P Retail Index (...
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Gilford Reiterates Buy Rating On DRJ
Wednesday, October 13, 2010 - 10:04am | 220Gilford Securities has issued a research report on Dreams, Inc. (AMEX: DRJ) reiterating its Buy rating. In the report, Gilford writes "In 2009 Dreams Inc. added JC Penney (NYSE: JCP) and Walmart (NYSE: WMT) to the syndication partner list. Of the two, JC Penney was the better deal despite Walmart's...
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UBS Downgrades COST To Neutral
Wednesday, October 13, 2010 - 6:57am | 50Analysts at UBS downgrade Costco Wholesale Corporation (NASDAQ: COST) from "buy" to "neutral." The target price for COST has been raised from $64 to $65. COST's shares lost 1.52% to close at $63.34 yesterday. More Analyst Ratings here
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Mad Money Lightning Round: Cramer Likes Domino's Pizza, Bank of America, Nucor (DPZ, BAC, WMT, NUE, VLCCF)
Wednesday, October 13, 2010 - 6:14am | 164On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he likes Domino's Pizza (NYSE: DPZ) even at $14. He added, “I liked it at $7." Jim likes Bank of America (NYSE: BAC) and believes “one of these days the banks will turn." For Wal-Mart (NYSE: WMT), he said, "Guys are downgrading...
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NASCAR Sponsorship News
Tuesday, October 12, 2010 - 11:14pm | 121Exxon Mobil's (NYSE: XOM) Mobil 1 oil brand will be the primary sponsor for NASCAR Driver Tony Stewart in the 2011 season, replacing Old Spice as the two-time champion's biggest sponsor. Mobil is ending its relationship with Penske Racing because that race team recently agreed to a sponsorship deal...
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Wal-Mart To Sell Apple iPad, But Not Very Many
Tuesday, October 12, 2010 - 10:54am | 103Wal-Mart (NYSE: WMT) will begin to sell the Apple (NASDAQ: AAPL) iPad, which would not make much difference since the tablet is available almost everywhere else. The Wall Street Journal and other media outlets say that the device will go on sale Friday at the retail giant. It will not be offered at...
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JP Morgan Very Confident In Costco
Tuesday, October 12, 2010 - 8:33am | 165JP Morgan has issued a research report for Costco Wholesale Corporation (NASDAQ: COST), stating that the company finds itself very comfortable for the long run. In the report, JP Morgan writes "The Costco story is not a one trick pony - that is, it has multiple levers up and down the P&L to...
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Wal-Mart Looks Compelling In Current Market
Tuesday, October 12, 2010 - 8:11am | 291In the last month alone, the S&P 500 has rallied over 6%. We have now broken out of the long-term trading range between 1,040 and 1,150 on the S&P. Skeptics abound, however, and it is really hard to go "all in" at this point with the major averages so stretched on a near-term basis....