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BJ's Sales Climb in July - Analyst Blog
Tuesday, August 10, 2010 - 12:32pm | 617BJ’s Wholesale Club Inc. (BJ), a leading warehouse club operator in the United States, recently posted sales results for the four-week period and the second quarter ended July 31, 2010. After registering a growth of 3.8% in June 2010, BJ’s experienced soft comparable club sales growth of 2.8% in...
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Wal-Mart Hiking Prices for Consumers: J.P. Morgan (WMT)
Tuesday, August 10, 2010 - 11:22am | 166Wal-Mart Stores (NYSE: WMT) has raised average prices at its stores by about 6% in a month, a recent J.P. Morgan study found. According to a Reuters report, "A check by J.P. Morgan Securities said average prices at the Wal-Mart Supercenter in Virginia were upped by 5.8%, the most significant...
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Bearish MACD for CBD - Tale of the Tape
Tuesday, August 10, 2010 - 10:49am | 112Companhia Brasileira De Distribuicao ’s (CBD) MACD indicator has entered into bearish territory with a reading of -0.018. The Zacks #5 Rank (“Strong Sell”) ADR dropped more than 1% to $64.66 in morning trade. The Zacks Consensus Estimate for the year ending December 2010 has decreased 83 cents over...
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Sam’s Club Adds Wi-Fi As A Marketing Tool
Tuesday, August 10, 2010 - 7:45am | 231Free Wi-Fi has been a marketing tool at restaurant and beverage establishments including McDonald’s (NYSE: MCD) and Starbucks (Nasdaq: SBUX). Now Walmart (NYSE: WMT) has decided the service will help it attract and retain customers. Wi-Fi, a simple way to distribute broadband, has become an...
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A Small Cap Retail Stock With Tremendous Growth Potential
Tuesday, August 10, 2010 - 6:00am | 717What company sells the most consumer electronics in the United States? The answer is Best Buy (BBY). Best Buy is the largest electronics retailer in the United States. The company’s only major competitor is Walmart (WMT), which has been making a bigger push into the consumer electronics industry....
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A Small Cap Retail Stock With Tremendous Growth Potential
Tuesday, August 10, 2010 - 6:00am | 685What company sells the most consumer electronics in the United States? The answer is Best Buy (BBY). Best Buy is the largest electronics retailer in the United States. The company’s only major competitor is Walmart (WMT), which has been making a bigger push into the consumer electronics industry....
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Zacks Bull and Bear of the Day Highlights: AMERCO, Goldman Sachs, Wal-Mart , Target and Toyota - Press Releases
Monday, August 9, 2010 - 5:53pm | 1662For Immediate Release Chicago, IL –August 09, 2010 – Zacks Equity Research highlights: AMERCO (UHAL) as the Bull of the Day and Goldman Sachs (GS) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Wal-Mart (WMT), Target (TGT) and Toyota (TM). Here is a synopsis of all...
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Target Aims At Thriving Despite Slowdown In Broader Economy
Monday, August 9, 2010 - 2:37pm | 259According to an article on Barron's, Target Corp (NYSE: TGT), the Minneapolis-based discounter, has carved out a niche for itself. The company thrived on its looks-are-deceiving formula until 2008, when the financial markets suffered a big jolt, the economy crashed and most Americans opted for Wal...
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Why An Investment In Walmart Is Dead Money
Monday, August 9, 2010 - 6:00am | 962Back to school shopping season is almost upon us. Parents will be headed out to discount stores to save money on school supplies, backpacks, clothing, and shoes. College students will be heading back to college soon and buying books, electronics and dorm essentials. Despite the uncertain economy,...
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Why An Investment In Walmart Is Dead Money
Monday, August 9, 2010 - 6:00am | 985Back to school shopping season is almost upon us. Parents will be headed out to discount stores to save money on school supplies, backpacks, clothing, and shoes. College students will be heading back to college soon and buying books, electronics and dorm essentials. Despite the uncertain economy,...
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Employment Report In-Depth - Analyst Blog
Friday, August 6, 2010 - 5:05pm | 4154In July, the unemployment rate remained unchanged at 9.5% even though the economy lost a total of 131,000 jobs. The unemployment rate a year ago was at 9.4%. However, the private sector added 71,000 jobs. The big reason for the overall loss of jobs was that 143,000 temporary census workers...
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Company News for August 5, 2010 - Corporate Summary
Thursday, August 5, 2010 - 2:44pm | 552• Viacom (NYSE:VIA.B) posted second quarter earnings of 68 cents, three cents above Zacks estimates, on a 0.1% revenue gain to $3.30 billion, off estimates of $3.43 billion • Foster Wheeler (NASDAQ: FWLT) missed Zacks estimates by 3 cents with second quarter earnings of 48 cents, as revenues...
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Retailers Slump As July Sales Disappoints
Thursday, August 5, 2010 - 2:04pm | 230Disappointing July same-store sales by retailers dragged down the retail sector today. Although results of some retailers were impressive, most of the retailing firms failed to meet the expectations. Wet Seal Inc (NASDAQ: WTSLA) was on the downtrend and lost nearly 2% after it said that its second...
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Initial Jobless Claims Bounce Back - Analyst Blog
Thursday, August 5, 2010 - 1:53pm | 1376The Initial Claims for Unemployment Insurance yo-yo headed back up this week, rising 19,000 to 479,000. The four-week moving average rose by 5,250 to 458,500. After a sharp decline in the second half of 2009 (see graph below), the four-week average has found a bumpy high plateau since the start of...
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Scott Nations Wants To Protect His Long Position In Wal-Mart Stores (WMT)
Tuesday, August 3, 2010 - 7:14pm | 127Scott Nations said on CNBC's Fast Money that he is watching Wal-Mart Stores, Inc. (NYSE: WMT). He is concerned about the selling pressure in the stocks that are involved in shampoo and detergent selling. These stocks were hurt by The Procter & Gamble Company's (NYSE: PG) disappointing results...