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Costco's Magnificent Recovery
Wednesday, October 6, 2010 - 8:07am | 179The results of Costco Wholesale (NASDAQ: COST) for the September quarter were impressive, even if they are already priced into the retailer's shares. Net sales for the fiscal 2010 fourth quarter, the 16 weeks ended August 29, 2010, were $23.59 billion, an increase of 8%. Comparable store sales rose...
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Citi Previews Wal-Mart's 2010 Analyst Meeting (WMT)
Wednesday, October 6, 2010 - 7:22am | 123Citi Investment Research discusses Wal-Mart Stores, Inc. (NYSE: WMT), which is being held on October 12-13. It has a Buy rating, with a $64 price target. In the research note, Citi says, "We expect investors at the meeting to be focused on: 1) WMT's plans for returning to positive comps in its U.S...
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US Stock Futures Up As Investors Await September ADP Employment Report
Wednesday, October 6, 2010 - 7:09am | 234US stock futures are signaling higher start on Wall Street today, after Costco Wholesale Corp (NASDAQ: COST) posted upbeat quarterly results. The employment report is scheduled for release today. Futures for the Dow Jones Industrial Average rose 51 points to 10,915 and those for the Nasdaq 100...
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Costco Posts Upbeat FQ4 Earnings, Reports 6% Rise In Comparable-Store Sales
Wednesday, October 6, 2010 - 6:16am | 130Costco Wholesale Corp (NASDAQ: COST) reported a 16% y/y rise in its FQ4 net income. COST reported its FQ4 earnings at $432 million, or $0.97 per share, up from $374 million, or $0.85 per share, in the year-ago period. The company's net sales increased 7.8% to $23.59 billion, up from $21.89 billion...
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Earnings Scheduled For October 6 (MAR, COST, STZ, MON, BLUD, AYI, RT, CAMP, RPM, HELE, RBN, RELL)
Wednesday, October 6, 2010 - 4:51am | 273Marriott International Inc (NYSE: MAR) is likely to post its Q3 earnings at $0.23 per share. Costco Wholesale Corp (NASDAQ: COST) may report its Q4 EPS at $0.95. Constellation Brands Inc (NYSE: STZ) is expected to post its earnings at $0.49 per share in the second-quarter. Monsanto Co (NYSE: MON)...
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Costco Q4 Profit Rises
Wednesday, October 6, 2010 - 4:44am | 86Costco (Nasdaq: COST), the largest U.S. warehouse club operator, said its fiscal fourth-quarter profit rose to $432 million, or 97 cents a share, from $374 million, or 85 cents a share, a year earlier. Sales jumped 8% to $23.59 billion. Analysts were expecting the company a profit of 95 cents a...
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Stocks To Watch For October 6 (COST, YUM, STZ, YHOO, MON)
Wednesday, October 6, 2010 - 4:29am | 227Some of the stocks that may grab the investor focus today are: Wall Street expects Costco Wholesale Corp (NASDAQ: COST) to report its Q4 EPS at $0.95. COST's shares gained 0.34% to $64.88 in after-hours trading. After yesterday's closing bell, Yum! Brands Inc (NYSE: YUM) posted its Q3 net income...
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Thirty-Five Trillion Yen Tuesday
Tuesday, October 5, 2010 - 2:58pm | 2300By Phil at Phil's Stock World Go go BOJ!!! Acting under pressure from the Government to DO SOMETHING, the Bank of Japan announce a 35,000,000,000,000 Yen ($418Bn) monetary easing program this morning, finally taking that last step and cutting rates to ZERO. ...
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How To Play Costco's Earnings (COST)
Tuesday, October 5, 2010 - 2:13pm | 197Shares of Costco Wholesale Corporation (NASDAQ: COST) are higher on the session by 0.16%, currently trading at $64.66. The company is schedule to report earnings tomorrow, before the opening bell. For a full earnings preview, including technical breakdown, earnings/guidance estimates, and...
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Earnings Preview: Costco (COST)
Tuesday, October 5, 2010 - 1:24pm | 282Costco Wholesale Corporation (NASDAQ: COST) is currently higher on the session by 0.36%, trading at $64.79. The company is scheduled to report earnings tomorrow, before the opening bell. • Estimates The Street is looking for Q4 earnings per share of $0.95 on revenue of $24.23 billion. These...
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Cramer Is Shopping At Walmart (WMT)
Tuesday, October 5, 2010 - 2:16am | 95Cramer likes the way that thing are shaping up at Walmart (WMT). The nation's largest retailer has been a disappointing investment for the past decade. Shares have moved very little and investors have found the stock to offer limited capital appreciation. Cramer believes that things are about to...
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Income, Spending and Savings All Rise - Analyst Blog
Friday, October 1, 2010 - 6:15pm | 2437In August, Personal Income rose 0.5% -- a nice improvement over the 0.2% rise in July, and after being unchanged in June. This was the biggest increase since April (also up 0.5%). It was also well above the consensus expectation of a 0.3% increase. Meanwhile, Personal Consumption Expenditures (PCE...
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How Patty Edwards Went From Journalist To Retail Stock Guru
Friday, October 1, 2010 - 4:23pm | 830In a recent episode of Zing Talk, Benzinga had the opportunity to speak with Patty Edwards, founder of Trutina Financial (Storehouse Partners) and a CNBC contributor. To say that Patty has experience in managing investments would be an understatement, though she has not always had her eye on...
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Market Keeps Chugging Along 10-01-2010
Friday, October 1, 2010 - 3:20pm | 938Cusick's Corner Some readers have told me that I have been posting the same three sentences in the Corner over the past 5 sessions. (Thanks for the insight Dad, and you are right.) The market in general has been defying the odds, just keeps chugging along. What was interesting yesterday was the...
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Option Strategies for a Stagnant Market
Friday, October 1, 2010 - 3:08pm | 1847On CNBC this week, Bill Gross – managing director at Pimco – said the new normal for investing means saying goodbye to double-digit returns. His basis for thinking this is the new, expanding regulatory environment, which will likely curtail the use of leverage. What this means to his investment...