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Markets Quiet As Chevron, Exxon And Walmart Trade Higher
Monday, August 23, 2010 - 2:10pm | 241The markets are trading in normal late August fashion with most stocks flat to lower on extremely light volume. There are a few standouts today that are higher and can be given the credit for keeping the markets flat instead of substantially negative. Just for reference sake, please be aware...
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Bearish Pattern In Saks (SKS)
Monday, August 23, 2010 - 11:31am | 248A report released recently by Goldman Sachs (NYSE: GS) reveals that high-end retail name Saks (NYSE: SKS) has been targeted by short-selling hedge funds. The stock has made a series of lower lows going back to May of this year. During this time, SKS has made four lower lows in succession. SKS also...
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BJ's Wholesale Misses Estimate - Analyst Blog
Friday, August 20, 2010 - 11:25am | 729BJ’s Wholesale Club Inc. (BJ), a leading warehouse club operator in the United States, recently posted lower-than-expected second-quarter 2010 results. The quarterly earnings of 67 cents a share missed the Zacks Consensus Estimate of 73 cents, and also fell short of its outlook of 74 cents. However...
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Zacks #5 Rank Additions for Friday - Tale of the Tape
Friday, August 20, 2010 - 8:34am | 348Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Bally Technologies Inc (BYI) Biolase Technology Inc (BLTI) BJ's Wholesale Club Inc (BJ) China Nepstar Chain Drugstore Ltd (NPD) Cytomedix Inc (GTF) View the entire Zacks #5 Rank List. BJ'S WHOLESALE (BJ): Free Stock...
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Stock Market News for August 19, 2010 - Market News
Thursday, August 19, 2010 - 1:34pm | 1252Stocks managed to close higher for a second consecutive session, but the gains were modest as weakness in energy shares offset strength in retailers’ stocks. Target led the strength in stocks of consumer-discretionary companies after its profit outlook for the current quarter matched Street...
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Half a Million Initial Jobless Claims - Analyst Blog
Thursday, August 19, 2010 - 12:04pm | 1561Initial Claims for Unemployment Insurance rose by 12,000 in the last week to 500,000. This is bad news. The four-week average (see graph below from http://www.calculatedriskblog.com/) rose by 8,000 to 482,500. That is more bad news. After declining sharply in the second half of last year, initial...
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Gloomy Data Spook Stocks; Dow Falls 100
Thursday, August 19, 2010 - 10:53am | 319Wall Street's double-dip fears were revived Thursday morning as the Dow dropped 150 points in the wake of a nine-month high for weekly jobless claims and a surprisingly gloomy regional manufacturing report. Today’s Markets As of 10:15 a.m. ET, the Dow Jones Industrial Average fell 118.82 points,...
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What Straddle Pricing Can Tell Us 08-18-2010
Wednesday, August 18, 2010 - 6:31pm | 799Cusick’s Corner Not much has changed since the Midday, so I will keep this Corner short and sweet. The Claims data that comes out tomorrow morning could add some volatility pre-market, but at this stage it looks like an orderly expiration week. I spent some time looking at straddles today (option...
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Retailers Lead Dow Out of the Red
Wednesday, August 18, 2010 - 3:00pm | 181Driven by rallying retail stocks like Target (NYSE: TGT), Wall Street climbed out of the red and turned solidly higher Wednesday afternoon as the bulls look to add onto Tuesday's triple-digit rally and overcome a mixed batch of corporate earnings. Today’s Markets As of 1:23 p.m. ET, the Dow Jones...
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Sector Leaders 08-18-2010
Wednesday, August 18, 2010 - 2:49pm | 903Cusick’s Corner Walking into the Midday, all major Equity Indices are positive with clear leadership to the upside in Tech, QQQQ, Commodities, MOO/COW, and Retail, XRT/TGT. We want to see if the rest of the market starts to exhibit this strength to the upside into the After Hours. We are still...
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Afternoon Market Update (SWY, TGT, BJ, CHS, XOMAD)
Wednesday, August 18, 2010 - 11:42am | 252Shares of Safeway Inc shares (NYSE: SWY) moved down after Longbow Research analyst Alton Stump downgraded the company from “neutral” to “sell.” The target price for the company is set to be $16. SWY’s shares dipped about 3.7% following the downgrade. Shares of Target Corp (NYSE: TGT) and BJ's...
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Target Corp. in Line with Zacks - Analyst Blog
Wednesday, August 18, 2010 - 10:35am | 580Target Corporation (TGT) recently posted second-quarter 2010 quarterly earnings of 92 cents per share, in line with the Zacks Consensus Estimate and up 17% from 79 cents last year. The increase in quarterly earnings was driven by effective cost management and improved profitability at retail and...
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Company News for August 18, 2010 - Corporate Summary
Wednesday, August 18, 2010 - 10:23am | 553• Privately-held Reynolds Group announced plans to acquire hefty-bag maker, Pactiv (NYSE: PTV), for $6 billion, or $33.25 per share • Deere (NYSE: DE) reported better-than-expected sales and earnings for fiscal third quarter. Earnings of $1.44 beat estimates of $1.24 on revenues of $6.84 billion,...
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Stock Market News for August 18, 2010 - Market News
Wednesday, August 18, 2010 - 9:52am | 1164A slew of better-than-expected economic data and activity on the mergers and acquisitions front boosted investors’ confidence yesterday, sending the Dow industrials into the positive territory for the year, even as Wal-Mart Stores and Home Depot reported upbeat earnings numbers. Material stocks...
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FY EPS Guidance Raised For Wal-Mart Stores
Wednesday, August 18, 2010 - 9:47am | 102Wal-Mart Stores, Inc. (NYSE: WMT) reported 2Q EPS of $0.97 (+9% y/y), $0.01 above consensus, while also reporting a record $4.1B in share buybacks, according to Deutsche Bank. 2Q sales were up 2.8% y/y, square footage was up 3.1%, partially offset by 1.1% in comps (including fuel costs), and EBIT...