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Walmart's CEO Of US Division Outlines New Direction For Its Division
Wednesday, August 18, 2010 - 9:35am | 162Analysts at Citigroup reiterate their "buy" rating on Wal-Mart Stores Inc (NYSE: WMT), while raising their estimates for the company. The target price for WMT is set to $64. Citigroup says, “WMT reported 2Q10 EPS of $0.97, in-line with our estimate of $0.97, above consensus of $0.96, in-line with...
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Before The Bell: A Peek Into The Markets Today
Wednesday, August 18, 2010 - 8:10am | 523After the highs of Tuesday, US stock futures slip today as investors are taking a breather after last session’s rallies. The DJIA futures are down 0.04% at 10, 362, the S&P 500 futures are down 0.13% at 1,088, and the NASDAQ futures are down 0.16% at 1,837. Read more here . The Potash (NYSE:...
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Frugality Returns To Corporate America
Wednesday, August 18, 2010 - 7:50am | 205Several retail analysts pointed out that Walmart’s (NYSE: WMT) earnings and those of Home Depot (NYSE: HD) were helped by rigid cost controls. This is not the first time during the earnings season which has drawn to a close that big public firms kept expenses lower than in past years. It is a sign...
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Earnings Scheduled For August 18 (DE, TGT, AMAT, BJ, LTD, NTAP, PETM, EV, NTES, BRCD)
Wednesday, August 18, 2010 - 5:59am | 273Deere & Co (NYSE: DE) is expected to report its FQ3 profit of $1.23 per share on $6.52 billion in revenue. Target Corp (NYSE: TGT) is estimated to post its Q2 EPS at $0.92 on revenue of $15.62 billion. Applied Materials Inc (NASDAQ: AMAT) is projected to report its FQ3 profit of $0.25 per share...
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Rally Attributed to Housing Starts 08-17-2010
Tuesday, August 17, 2010 - 7:05pm | 871Cusick’s Corner The market held up again into the After Hours. Some market watchers are attributing the rally today on improved month-over-month Housing starts numbers, but remember that June was one of the lowest in over a year, so I would not put much emphasis on those results. If the market can...
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Bond Prices Have Stalled 08-17-2010
Tuesday, August 17, 2010 - 3:20pm | 1038Cusick’s Corner The market made a nice move into the Midday and over the last few hours trading has turned into a complete grind. Yesterday’s late day pullback seems to have washed out the weak longs, but there has been equal pressure on the shorts today. These kinds of moves are expected when...
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Markets Turn Sharply Higher
Tuesday, August 17, 2010 - 11:46am | 107The markets moved sharply higher on a weaker dollar and solid earnings from Wal-Mart Stores, Inc. (NYSE: WMT) and The Home Depot, Inc. (NYSE: HD) and a buyout offer for Potash Corp./Saskatchewan (USA) (NYSE: POT) for $130.00 a share. This started the markets higher and light volume continued to...
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Stocks Ramping Higher In Early Trade (SPY, QQQQ)
Tuesday, August 17, 2010 - 11:22am | 124Stocks are surging in early trade amid strong earnings reports from Home Depot (NYSE: HD) and Wal-Mart (NYSE: WMT) along with takeover speculation in the fertilizer space after BHP Billiton (NYSE:BHP made an unsolicited bid for Potash (NYSE: POT). The acquisition offer was made at $135 per share...
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Wal-Mart Barely Beats, Lifts View - Analyst Blog
Tuesday, August 17, 2010 - 11:19am | 576Retailing behemoth Wal-Mart Stores Inc. (WMT) reported a 9% growth in fiscal 2011 second-quarter adjusted EPS to 97 cents from 89 cents in the year-ago period. The result edged past the Zacks Consensus Estimate of 96 cents per share and came in line with the company’s view of 93 cents to 98 cents...
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Afternoon Market Update (MNKD, BAC, WMT, HD, ANF)
Tuesday, August 17, 2010 - 11:18am | 264Shares of Mannkind Corp (NASDAQ: MNKD) moved down, after the company announced its plan of offering up to 8 million of its common shares. The company will offer the shares as a part of its share-lending agreement with Bank of America (NYSE: BAC). The company is also planning to offer senior...
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Earnings Preview: Target Corporation - Analyst Blog
Tuesday, August 17, 2010 - 10:44am | 728Target Corporation (TGT), the operator of general merchandise and food discount stores in the United States, is scheduled to report its second quarter 2010 financial results on Wednesday, August 18, 2010. The current Zacks Consensus Estimate for the quarter is 92 cents per share. First Quarter...
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Stock Market News for August 16, 2010 - Market News
Tuesday, August 17, 2010 - 10:43am | 986Investors’ concerns about the pace of the economic recovery showed no signs of easing as some dour economic data aggravated worries that the economy is not going to rebound any time soon. A Commerce Department report that said retail sales rose 0.4% in July, below expectations of a 0.5% uptick,...
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Sprint Unveils Epic 4G - Analyst Blog
Tuesday, August 17, 2010 - 9:44am | 796Sprint Nextel (S) is expected to roll out its second 4G smartphone “Epic 4G” on August 31, 2010 across all of Sprint’s nationwide retail locations, as well as from its retail partners RadioShack Corp. (RSH), Best Buy Co. Inc. (BBY) and Wal-Mart Stores Inc. (WMT). The Epic 4G will cost around $249....
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Company News for August 17, 2010 - Corporate Summary
Tuesday, August 17, 2010 - 9:43am | 597• BHP Billiton (NYSE: BHP) confirmed a bid for Potash (NYSE: POT), valued at $130 per share, or $38.5 billion. • Home Depot (NYSE: HD) announced second quarter results of 72 cents a share, one cent above Zacks estimates, and up from 66 cents a year ago; however, sales up 1.8% to $19.41 billion...
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Wal-Mart Q2 Earnings Beat Consensus But Revenue Misses, Raises Earnings Guidance
Tuesday, August 17, 2010 - 7:53am | 209Wal-Mart Stores Inc (NYSE: WMT) reported better-than-expected Q2 earnings. However, the company’s revenue fell short of estimates. The company has also raised its earnings guidance for the full year. WMT’s Q2 net income rose 3.6% to $3.59 billion, or $0.97 per share, from $3.47 billion, or $0.89...