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Benzinga's Top Downgrades (FO, PUK, GLDD, COST)
Monday, October 11, 2010 - 9:58am | 160Fortune Brands Inc (NYSE: FO) was downgraded by Robert W Baird from "outperform" to "neutral." FO's shares closed at $55.85 on Friday. Fortune Brands Inc's 52-week trading range is $36.90-$59.40. JP Morgan downgraded Prudential Public Limited Company (NYSE: PUK) from "neutral" to "underweight." PUK...
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Good News/Bad News About The Holiday Season
Friday, October 8, 2010 - 8:18am | 304With the start of the baseball playoffs and football season, investors are starting to look past Halloween to the December holidays. So far, they are liking what they are seeing. Retail sales rose in September for a thirteenth straight month, helped by a surprisingly strong Back to School season...
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Stock Downgrdes: (TTES, CTL, MDCO, IRM, COST)
Thursday, October 7, 2010 - 10:11am | 135T-3 Energy (NASDAQ: TTES) was downgraded to Market Perform from Market Outperform at Howard Weil. The Medicines Co (NASDAQ: MDCO) was downgraded to Sector Perform from Outperform at RBC Capital Markets Centurytel (NYSE: CTL) was downgraded to Hold from Buy at Stifel Nicolaus Iron Mountain (NYSE:...
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Citigroup Reiterates Hold Rating on Costco Wholesale (COST)
Thursday, October 7, 2010 - 10:09am | 144Citigroup is out with a research report this morning, where it reiterates its Hold rating on Costco Wholesale Corp. (NASDAQ: COST); it has a $65.00 price target on the stock, down from $66.00. The Citi analysts cited the company's recent earnings report, which was above the consensus on strong...
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PriceSmart Announces September Sales up 16.8%
Thursday, October 7, 2010 - 8:23am | 80PriceSmart, Inc. (NASDAQ: PSMT) today announced that for the month of September 2010 net sales increased 21.7% to $116.6 million from $95.8 million in September a year earlier. There were 27 warehouse clubs in operation at the end of September 2010 and 26 warehouse clubs in operation at the end of...
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BJ's Wholesale Club Reports Increased September Sales Results
Thursday, October 7, 2010 - 8:04am | 81BJ's Wholesale Club, Inc. (NYSE: BJ) today reported that sales for September 2010 increased by 3.6% to $961.6 million from $928.1 million in September 2009. On a comparable club basis, sales for September 2010 increased by 1.5%, including a contribution of 0.7% from sales of gasoline. Excluding...
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Goldman Bullish On Costco (COST)
Thursday, October 7, 2010 - 7:44am | 126Goldman Sachs is bullish on Costco Wholesale Corporation (NASDAQ: COST) for the fourth quarter, despite the company reporting weak September same-store-sales. It has a $68 price target on shares, and is on America's Buy List. In the research note, Goldman Sachs writes, "While COST's 4Q EPS and...
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Costco Earnings Rise - Analyst Blog
Thursday, October 7, 2010 - 4:39am | 766Costco Wholesale Corporation (COST), one of the leading U.S. warehouse club operators, recently posted better-than-expected fourth-quarter 2010 results. The quarterly earnings of 97 cents pershare topped the Zacks Consensus Estimate of 95 cents, and rose 14.1% from 85 cents earned in the prior-year...
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Small Caps & Tech Continue to Lag 10-06-2010
Wednesday, October 6, 2010 - 6:45pm | 787Cusick's Corner The market did bounce into the After Hours, while the Small Caps (RUT) and Tech (XLK) continued to lag and earlier in the day they were the catalyst for the pullback. Watch the claims data tomorrow, this could spike some volatility and put more emphasis on the Non-Farm Payrolls...
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Target Is Still Growing (TGT)
Wednesday, October 6, 2010 - 4:58pm | 122Target isn't just the luxury discounter for Americans anymore. According to the Wall Street Journal, Target (NYSE: TGT) is considering opening up stores in Canada, finally moving out of the U.S. Rags Davloor, chief financial officer of RioCan, a Canadian real estate developer, said Target is...
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Costco Remains Overweight
Wednesday, October 6, 2010 - 11:54am | 134Costco Wholesale Corporation (NASDAQ: COST) printed 4Q EPS of $0.97, $.$04 above estimates while reporting an below September comp core SSS estimate of 3.5% vs 4.0%. In a research report, J.P.Morgan writes, "Costco reported 4Q EPS of $0.97, $0.04 ahead of our estimate and $0.02 north of the Street...
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Costco Remains Overweight
Wednesday, October 6, 2010 - 11:34am | 134Costco Wholesale Corporation (NASDAQ: COST) printed 4Q EPS of $0.97, $.$04 above estimates while reporting an below September comp core SSS estimate of 3.5% vs 4.0%. In a research report, J.P.Morgan writes, "Costco reported 4Q EPS of $0.97, $0.04 ahead of our estimate and $0.02 north of the Street...
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Costco Beats Earnings, September Sales Weak (COST)
Wednesday, October 6, 2010 - 9:57am | 128Costco (NASDAQ: COST) reported better than expected earnings this morning for its fourth quarter, but September same-store-sales (SSS) were weaker than expected, putting pressure on shares. Costsco said September SSS's rose 5% last month, slightly better than the 4.5% analysts had expected. If you...
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News Summary
Wednesday, October 6, 2010 - 9:47am | 189General Electric Co (NYSE: GE) has announced its plans to buy Dresser Inc for $3 billion. Barclays Capital was the financial advisor of GE on the deal. John Krenicki, chief executive of GE Energy said, "Dresser's technology complements our existing gas engine portfolio and adds offerings...
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Futures Climb Ahead of ADP Jobs Report
Wednesday, October 6, 2010 - 8:10am | 206Wall Street was aiming to extend yesterday's 200-point rally on Wednesday ahead of a closely-watched private sector jobs report. As of 7 a.m. in New York, the Dow Jones Industrial Average futures rose 51 points, or 0.47%, to 10915, the S&P 500 futures were up 3.2 points to 1157.90 and the...