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Piper Jaffray Reiterates Overweight Rating on Costco (COST)
Tuesday, August 3, 2010 - 9:52am | 156Piper Jaffray is out with a research report this morning, where its reiterates its Overweight rating on Costco Wholesale Corp. (NASDAQ: COST); it has a $68.00 price target on the stock. The PJ analysts said that they are maintaining their July comp estimate of +6% vs. the Consensus mean of +5.8%;...
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Bargain Dividend Stocks Keep Paying Off
Monday, August 2, 2010 - 7:39am | 308NEW YORK (TheStreet) -- Hersh Cohen, the manager of Legg Mason ClearBridge Equity Income (SOPAX) who has been investing in dividend stocks for four decades, is finding some of the biggest bargains of his career. They include such companies as H.J. Heinz (NYSE: HNZ), Johnson & Johnson (NYSE: JNJ...
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Fitch Affirms Wal-Mart Stores, Inc.'s IDR at 'AA'; Outlook Stable
Thursday, July 29, 2010 - 3:42pm | 290Fitch Ratings has affirmed the ratings of Wal-Mart Stores, Inc. (NYSE: WMT) as follows: --Long-term Issuer Default Rating (IDR) at 'AA'; --Bank credit facility at 'AA'; --Senior notes at 'AA'; --Short-term IDR at at 'F1+'; --Commercial paper at 'F1+'. The Rating Outlook is Stable. Walmart had...
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Costco and Hewlett Packard To Perform Well (COST, HPQ, NEM)
Thursday, July 29, 2010 - 10:24am | 131Erik Ogard, director at Russell Investment Group, is of the view that investors are holding back due to the cautionary nature of economic news. He added that “tempered language” for future earnings prospects is also a negative factor. According to Ogard, the real economic growth has to be earnings...
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Strategist Recommends Microsoft and Wal-Mart (MSFT, WMT)
Tuesday, July 27, 2010 - 10:38am | 115In an interview with CNBC, Jeffrey Saut, chief investment strategist with Raymond James, discussed his outlook of the market. He said, “I’m not convinced that the lows for the year are in, but I think we’re in an upswing here that will last through the balance of the earnings season.” He expressed...
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The Link Between Marijuana and Schizophrenia
Friday, July 23, 2010 - 9:26pm | 528Two components of marijuana have different effects on symptoms of psychosis. Delta-9 tetrahydocannabinol (THC) causes hallucinations and, in high enough doses, can cause temporary psychotic experiences, even in healthy people. Another chemical, cannabidiol (CBD), has anti-psychotic effects....
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Late Pop Impressive 07-20-2010
Tuesday, July 20, 2010 - 7:12pm | 705Cusick’s Corner This nice pop into the After Hours is impressive. Almost every sector is up and bouncing off mid-term support (50-Day Moving Average) and on decent volume, but be careful not to get too caught up in the emotion of this move. The afternoon move started to look more like a potential...
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24/7 Wall St. CEOs Who Need to be Fired: Nine for 2010
Monday, July 19, 2010 - 8:03am | 481Public companies dismiss CEOs all the time. The firings can be due to incompetence, malfeasance, or tensions with boards of directors or founders. 24/7 Wall St. has chosen nine sitting CEOs who should be let go by their boards. All the CEOs are on this list for simple reasons. The first is that...
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Direxion Offers 2x Retail and Natural Gas
Friday, July 16, 2010 - 3:00am | 610Expansion of the leveraged ETF menu continued this week with the (7/14/2010) launch by Direxion of long and short 2x sector ETFs for the Retail and Natural Gas sectors. Direxion now offers a total of 38 leveraged ETFs, according to the firm’s press release. The new funds are: Direxion Daily...
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Goldman (GS) Views Sequential Growth In Beverages (GS, WMT, HANS, PEP, CCE)
Thursday, July 15, 2010 - 2:45pm | 149Preferring the non-Alcoholic beverage firms, Goldman Sachs Group, Inc. (NYSE: GS), views potential for upward revision in 2Q10 in earnings, with emerging markets showing solid growth, low expectations and modest top line investments driving share prices. Aggressive promotional activity saw a shift...
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Company News for July 13, 2010 - Corporate Summary
Tuesday, July 13, 2010 - 12:41pm | 292• FundFinder Networks, owner of Penthouse, said an offer for Playboy (NYSE:PLA) is imminent. Yesterday, Playboy shares surged 41% on news that Hugh Hefner is planning to offer $5.50 per share for stock he does not already own • Walmart (NYSE:WMT) shares were up 1.4% on Monday, following Barron's...
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UBS Analyst Likes Costco (COST)
Friday, July 9, 2010 - 9:12pm | 197Neil Curry of UBS said on CNBC's Fast Money that Costco Wholesale Corporation (NASDAQ: COST) is the best retail story in the world, from the long term point of view. He added that it is a little bit expensive at the moment, and if you compare it to Wal-Mart (NYSE: WMT) you will see that Costco (...
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Benzinga’s Top Upgrades (KLAC, COST, ANFGY, NSC)
Friday, July 9, 2010 - 7:33am | 147KLA-Tencor Corporation (NASDAQ: KLAC) was upgraded by Credit Suisse from “neutral” to “outperform.” KLAC’s shares closed at $28.70 yesterday. KLA-Tencor’s quarterly earnings soared 167.48% y/y. UBS upgraded Costco Wholesale Corporation (NASDAQ: COST) from “neutral” to “buy.” COST’s shares closed at...
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Costco Rising On Unusual Volume (COST)
Thursday, July 8, 2010 - 12:19pm | 116Shares of Costco Wholesale (NASDAQ: COST) are rising on heavier than normal volume on Thursday. Currently, the stock has gained 2% to $55.37. More than 3.7 million shares have already changed hands compared to a daily average volume of around 4.1 million. With nearly four hours left in trading,...
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New Economy: Dollar Stores Becoming The Next Wal-Mart (FDO, DG, DLTR, NDN, WMT)
Thursday, July 8, 2010 - 10:27am | 295Today may seem like a poor example of growth and sector dominance when you consider that the news catalyst has a shadow over its peers. Family Dollar Stores Inc. (NYSE: FDO) beat earnings, but its shares are lower after issuing lackluster guidance. This is acting as drag on Dollar General Corp. (...