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Piper Jaffray Reiterates Underweight Rating on Family Dollar (FDO, WMT)
Thursday, July 8, 2010 - 10:25am | 333Piper Jaffray is out with a research report this morning, where it reiterates its Underweight rating on shares of Family Dollar Stores Inc. (NYSE: FDO); it has a $34.00 price target on the stock. The Piper Jaffray analysts said, “Yesterday, FDO announced Q3 EPS of $0.77, which topped PJC of $0.76...
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Stock Market News for July 8, 2010 - Market News
Thursday, July 8, 2010 - 9:42am | 596Stocks rallied sharply on Wednesday, building on to Tuesday’s modest gains, as a better-than-expected earnings outlook from State Street fueled optimism about the approaching earnings season. The Dow Jones industrial average rallied 275 points, closing above the 10,000 threshold for the first time...
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Stock Market News for July 7, 2010 - Market News
Wednesday, July 7, 2010 - 10:13am | 583Selective buying helped propel stocks higher Tuesday after seven days of losses, but the advance was tepid as concerns about the durability of the economic recovery kept sentiments jittery. After recording hefty gains in the morning, markets slipped into the red in the afternoon as traders,...
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Walmart Sam’s Club To Offer Small Business Loans
Wednesday, July 7, 2010 - 9:14am | 141The Sam’s Club division of Walmart (NYSE: WMT), which primarily does business with small companies, means to do what banks will not. It has started a test program to offer loans of as much as $25,000 to its members. The move is carefully calculated and based on business loan trends that have been...
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Calls Purchased on BJ’s Wholesale (BJ)
Tuesday, July 6, 2010 - 2:14pm | 152Shares of BJ’s Wholesale Club (NYSE: BJ) are lower on the session by 0.85%, currently trading at $43.13. The stock has been trading largely higher over the past six months and recently spiked higher on takeover rumors. Options traders are buying calls on the name today. The September $50.00 call...
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Protection Purchased on BJ’s Wholesale (BJ)
Friday, July 2, 2010 - 11:09am | 133Shares of BJ’s Wholesale Club Inc. (NYSE: BJ) are lower on the session by 0.96%, currently trading at $43.12. The stock has been rocketing higher as of late on news that a private-equity firm is shopping the company. Options traders are protecting their gains today. The August $45.00 put was...
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Stock Market News for July 2, 2010 - Market News
Friday, July 2, 2010 - 10:10am | 528Tepid economic data sent stocks lower on the first day of a new quarter even as investors kept their cards close to their chests before Friday’s all-important June payrolls report. However, stocks managed to pare deeper losses even as fears that the economy was slowly slipping back into recession...
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Benzinga’s Top Upgrades (BJ, NI, ARNA, AEG)
Friday, July 2, 2010 - 7:31am | 141BJ's Wholesale Club Inc (NYSE: BJ) was upgraded by Jefferies from “hold” to “buy.” BJ’s shares closed at $43.54 yesterday. The quarterly sales of BJ's Wholesale Club grew 12.71%. KeyBanc Capital upgraded NiSource Inc (NYSE: NI) from “hold” to “buy.” NI’s shares closed at $14.37 yesterday. NiSource’...
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Goldman Ups BJ To Neutral
Friday, July 2, 2010 - 6:45am | 43Analysts at Goldman Sachs upgrade BJ's Wholesale Club Inc (NYSE: BJ) from "sell" to "neutral." BJ’s shares soared 17.64% to close at $43.54 yesterday. More Analyst Ratings here
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Another Round of Disappointing Economic News 07-01-2010
Thursday, July 1, 2010 - 6:45pm | 728Cusick’s Corner The market stayed in a tight range this afternoon after a nice bounce from the morning lows, but this is not a market in which you want to be catching falling knives. For you traders, there is a big employment number tomorrow, so I would suggest that you stay disciplined and may...
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On Cusp of Deflationary Environment 07-01-2010
Thursday, July 1, 2010 - 5:57pm | 818Cusick’s Corner This is going to be a tough market to try to peg entries on either the long or short side. What is becoming abundantly clear is that all of us have to become more acquainted with how and potentially what to trade in a Deflationary environment. Yes, I have had colleagues (thanks...
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Late Market Update
Thursday, July 1, 2010 - 3:47pm | 203US Retail stocks have recouped some of the losses today. BJ's Wholesale Club Inc (NYSE: BJ) jumped more than 15% to grab the top spot in the sector. BJ’s shares soared after the Green Equity Investors bought a 9.5% stake in the BJ’s stock. Green Equity Investors has also contacted BJ’s management...
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BJ Surges As Green Equity Buys Stake
Thursday, July 1, 2010 - 1:43pm | 67Shares of BJ's Wholesale Club Inc (NYSE: BJ) jumped more than 13% after Green Equity Investors bought a 9.5% stake in BJ’s stock. Green Equity Investors has also contacted BJ’s management about the possibility of going private. BJ’s shares jumped 15.08% to $42.59 at 1:22 pm. Read more from Benzinga...
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Mid-Day Market Movers (GYRO, ISRL, CBK, BJ)
Thursday, July 1, 2010 - 1:40pm | 131Gyrodyne Company of America Inc (NASDAQ: GYRO) jumped 64.04% to $77.10 by 10:22 am. GYRO soared after reaching a new 52-week high of $44.98 yesterday. Isramco Inc (NASDAQ: ISRL) climbed 16.57% to $55. ISRL’s shares dipped 58.97% over the past 52 weeks, while the S&P 500 index gained 11.63%....
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Jefferies: Pricing Down About 4% In Philadelphia Market
Wednesday, June 30, 2010 - 3:36pm | 200According to Jefferies, “Our survey of roughly 60 items showed prices down about -4% since March, led by Wal-Mart (NYSE: WMT) (down -5.5%) and Ahold's Giant. We would prefer prices to be flat or up, but we think the data (is) relatively encouraging considering the ‘hot’ July 4th holiday, the...