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M&A Activity Continues 09-27-2010
Monday, September 27, 2010 - 4:00pm | 801Cusick's Corner This has been a whippy session and the market is now off the lows of the day. Heading into the end of the month, September has had quite an impressive rally with the S&Ps up 9% so far in September. Watch for some potential profit taking, some money managers may be looking to...
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Fitch: No Impact on Wal-Mart's Ratings from Possible Acquisition
Monday, September 27, 2010 - 12:56pm | 125Fitch Ratings does not anticipate any rating implications for Wal-Mart Stores, Inc. (NYSE: WMT) should it be successful in acquiring South African retailer Massmart Holdings Limited. Walmart announced today that it has made a preliminary, non-binding proposal which, if successful, could lead to...
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Afternoon Market Update (DELL, WMT, AMZN, RIMM)
Monday, September 27, 2010 - 12:44pm | 189Shares of Dell Inc (NASDAQ: DELL) moved up about 0.4% after analyst Brian Marshall of Gleacher & Co resumed coverage of the company with a “neutral” rating. The target price for the company is set at $12. Walmart Stores Inc (NYSE: WMT) has offered more than $4 billion to purchase Massmart...
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J.P. Morgan Reiterates Neutral on BJ's Wholesale (BJ)
Monday, September 27, 2010 - 9:08am | 191J.P. Morgan is out with a research report this morning, where it reiterates its Neutral rating on BJ's Wholesale Club (NYSE: BJ); it has a $38.00 price target on the stock. The JPM analysts cited a recent meeting with company management; the analysts noted that, overall, management seemed...
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Wal-Mart To Buy Massmart
Monday, September 27, 2010 - 6:50am | 48Wal-Mart Stores Inc. (NYSE: WMT) is offering to buy South African retailer Massmart Holdings Ltd. for approximately $4.25 billion. The deal would give the world's largest retailer an opening to expand in Africa, a fast-growing region, according to the Associated Press.
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Wal-Mart Submits Non-Binding $4.26 Billion Proposal To Massmart
Monday, September 27, 2010 - 5:07am | 102Wal-Mart (NYSE: WMT), the Dow component and the world's biggest retailer, said it has submitted a non-binding proposal worth $4.26 billion for South Africa's Massmart Holdings, a consumer-products and food retailer. Massmart operates almost 300 stores in 13 African countries with the bulk of those...
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Target Marks The Spot Today
Friday, September 24, 2010 - 2:21pm | 124Shares of Target (NYSE: TGT) are sharply higher today, outperforming the broader markets, despite weaker volume. Target is far outperforming Wal-Mart (NYSE: WMT) today , as well as other retailers such as Macys (NYSE: M), and BJ's Wholesale (NYSE: BJ), indicating money may be starting to flow into...
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Bullish and Bearish Plays in Microsoft (NASDAQ:MSFT)
Thursday, September 23, 2010 - 2:53pm | 1810Is a company's fundamental strength enough to power a stock higher? It's an age-old rhetorical question and one that blue-chip names like Wal-Mart (NYSE:WMT) and Microsoft (NASDAQ:MSFT) have confronted for years. MSFT said earlier this week that it was upping its quarterly dividend to 16 cents per...
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NASDAQ Stocks Hitting 52-Week Highs (AHGP, ASYS, COST, SVNT)
Thursday, September 23, 2010 - 1:08pm | 144Alliance Holdings GP LP (NASDAQ: AHGP) shares jumped 0.53% to create a new 52-week high of $43.57. AHGP's quarterly earnings surged 79.80% y/y. Amtech Systems Inc (NASDAQ: ASYS) shares gained 8.31% to touch a new 52-week high of $17.34. ASYS was added to the Ardour Global Alternative Energy Index...
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Piper Jaffray's Retail September SSS Preview
Thursday, September 23, 2010 - 8:45am | 168Piper Jaffray writes on the September retail preview: "More than halfway through the month of September, women's specialty comps trending strongest, mass avg and teen lowest: Our PJC comp store index is forecasted to increase +1.4% in September, following a +2.9% increase in August, and a +2.9%...
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Micron Technology: Bull Case vs. Bear Case
Thursday, September 23, 2010 - 7:58am | 300NEW YORK (TheStreet) -- Bull Case Presented by Morningstar's (Nasdaq: MORN) John Ayling: "NAND-based solid state drives (SSDs) are a growth opportunity for Micron (Nasdaq: MU). SSDs, which store information in computers, may replace traditional hard drives." Bear Case Presented by Morningstar's...
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Kroger: Earnings Scorecard - Analyst Blog
Tuesday, September 21, 2010 - 3:34pm | 936The Kroger Company (KR), one of the largest grocery retailers, posted second-quarter 2010 results on September 14, 2010 that outpaced the Zacks' expectations. Street analysts had nearly a week to digest the news. In the paragraphs that follow, we cover the recent earnings announcement, subsequent...
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GameStop in Neutral Lane - Analyst Blog
Tuesday, September 21, 2010 - 11:45am | 544Being the global leader in retailing software, hardware, and game accessories for video game systems and personal computers, GameStop Corporation (GME) is better positioned than its competitors for the economic recovery. The stock is poised to surge once the economy rebounds and demand improves...
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Zacks Releases Four Powerful ''Buy'' Stocks: Zygo, PriceSmart, Toro and Worthington Industries - Press Releases
Tuesday, September 21, 2010 - 9:09am | 1235For Immediate Release Chicago, IL – September 21, 2010 – Four free stock picks are being made available today on Zacks.com. The industry's leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive...
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America's Biggest Companies, Then and Now (1955 to 2010)
Tuesday, September 21, 2010 - 8:16am | 440Today's corporate America is dominated by service companies, tech firms, and huge retailers which have thousands of locations and hundreds of thousands of workers. At the end of the decade following WWII, corporate America looked very different from it does now. Fifty five years ago, most of the...