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Bulls Bet That Costco Wholesale Runs Higher (COST)
Monday, August 30, 2010 - 1:08pm | 192Shares of Costco Wholesale Corporation (NASDAQ: COST) are higher on the session by 0.85%, currently trading at $56.67. The stock has been moving largely lower over the past six months, though has been consolidating as of late and has recently pushed above the 50-day moving average. Options traders...
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Spending Rises Faster than Income - Analyst Blog
Monday, August 30, 2010 - 1:04pm | 2086In July, Personal Income rose 0.2%, after being unchanged in June, but still slower than the increase in either May (up 0.3%) or April (up 0.5%). It was also slightly below the consensus expectation of a 0.3% increase. Meanwhile, Personal Consumption Expenditures (PCE) rose by 0.4%, slightly higher...
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Goldman Sachs’ Broadline Retail Update (WMT, FDO, JNY, SKS)
Monday, August 30, 2010 - 9:47am | 191Goldman Sachs is out with a research report this morning, where it takes a look at the recent performance of the broadline retailers in Q2. They noted several key points, including: 1. Broadlines Q2 EPS ushered in expense driven beats and lowered guidance, compared to Q1’s margin drive beats and...
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Piper Jaffray Overweight On Costco (COST)
Monday, August 30, 2010 - 7:31am | 96Piper Jaffray is reiterating its Overweight rating and $68 price target on shares of Costco Wholesale (NASDAQ: COST), as the investment bank previews August same store sales. In a note to clients, Piper Jaffray writes, "We are estimating an August comp of +3% - +4% vs. consensus of ~+4%. We are...
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New Home Sales in Context - Analyst Blog
Friday, August 27, 2010 - 4:04pm | 1643The shockingly low rate of New Home Sales in July needs to be put into context (see "Worst New Home Sales EVER!"). The only problem is that the context only makes things seem worse than the raw numbers do. The 276,000 annual rate of New Home Sales was the lowest on record, and the record goes back...
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BJ's Wholesale to Underperform - Analyst Blog
Friday, August 27, 2010 - 3:06pm | 849We now expect BJ’s Wholesale Club Inc. (BJ), a leading warehouse club operator in the United States, to ”Underperform” compared to peers with a target price of $37.00. Earlier we had a “Neutral” recommendation on the stock. BJ’s 2Q Performance Lower-Than-Expected Sluggish economic recovery...
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Zacks Bull and Bear of the Day Highlights: Ryder System, J.C. Penney, Wal-Mart, Big Lots and PetroChina - Press Releases
Friday, August 27, 2010 - 8:03am | 1960For Immediate Release Chicago, IL –August 27, 2010 – Zacks Equity Research highlights: Ryder System (R) as the Bull of the Day and J.C. Penney (JCP) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Wal-Mart (WMT), Big Lots (BIG) and PetroChina Co. Ltd. (PTR). Here is...
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Reverse Head & Shoulders Pattern 08-26-2010
Thursday, August 26, 2010 - 2:55pm | 808Cusick’s Corner The day started with an opening pullback and now it’s a slow grind. The market is trading around the technical and psychological support level of 1050 on the S&Ps, plus there’s a notable bullish technical pattern, a reverse head and shoulders looking to form in the ETF SPY. Now...
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Initial Claims Down, Extended Claims Up - Analyst Blog
Thursday, August 26, 2010 - 12:45pm | 1778Initial Claims for Unemployment Insurance fell to 473,000, a drop of 31,000 from last week. That is good news, but only in terms of the direction. After several weeks in a row of new claims shooting higher, the upward momentum has been stalled. But initial claims remain far too high. The four-week...
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3 Stocks That Have Been Cheap For A Decade
Thursday, August 26, 2010 - 11:21am | 838I have the learned the hard way that just because a stock is cheap does not mean it is a good investment. It can be tough sometimes to distinguish between a value play and a value trap. Value plays are stocks that are trading below their true value and will eventually reach this value. Value traps...
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3 Stocks That Have Been Cheap For A Decade
Thursday, August 26, 2010 - 11:21am | 859I have the learned the hard way that just because a stock is cheap does not mean it is a good investment. It can be tough sometimes to distinguish between a value play and a value trap. Value plays are stocks that are trading below their true value and will eventually reach this value. Value traps...
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Run And Hide With These ETFs
Thursday, August 26, 2010 - 11:07am | 334ETFs have become favorite tools of hedge funds and professional traders and that may lead some investors to believe that this asset class has nothing in store for the conservative investor. Think again. If you're looking for investment options that can provide shelter from volatile markets, then...
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Top 4 Mid-Cap Stocks In The Discount, Variety Stores Industry With The Highest EPS Estimates (DLTR, BIG, FDO, BJ)
Tuesday, August 24, 2010 - 5:58am | 177Below are the top mid-cap discount, variety store stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next year. The earnings estimate for Dollar Tree Inc (NASDAQ: DLTR) for the next year ending January, 2012 is $3.38 per share. Analysts at Jefferies upgraded DLTR from “hold” to...
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Nice Move In Wal-Mart (WMT)
Monday, August 23, 2010 - 3:57pm | 81Wal-Mart (NYSE: WMT) has been under some pressure year-to-date, falling 4.38%. During today's trading session, however, investors are rotating into the defensive name as the stock has jumped 1.69% to $51.07. Volume has been fairly heavy in the stock. WMT currently trades at a trailing P/E of 13.07...
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One Stock Keeps The Markets Alive
Monday, August 23, 2010 - 3:33pm | 320This morning the major market indexes rallied higher right out of the gate. The Dow Jones Industrial Average traded higher by as much as 75.00 points during the first thirty minutes of the trading session. Right around 10:00 am EST the major market indexes began to decline and actually reversed all...