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Retail Sector In The Red As Weakness In The Broader Markets Takes Toll
Tuesday, June 29, 2010 - 4:43pm | 180Weakness in the broader market had a cascading effect on the retail stocks as economic data from China suggested that growth in the country is slowing. The S&P Retail Index (NYSE: RLX) fell 1.04% to 403.47 at 4:39 pm EDT. The biggest loser in the sector was bookstore operator Barnes & Noble...
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Stock Market News for June 29, 2010 - Market News
Tuesday, June 29, 2010 - 9:37am | 416Stocks fell modestly on Monday as fears of a global economic slowdown kept investors on toes throughout the session. As investors braced for key economic reports due to be released this week, they walked a fine line trying to balance global growth concerns with promises of a slow but a steady...
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Wal-Mart Looks Attractive (WMT)
Monday, June 28, 2010 - 2:48pm | 333Shares of Wal-Mart (NYSE: WMT) are now trading below the $50 level. The stock has undergone a fairly significant correction recently, and is starting to look more and more like a bargain. Year-to-date, WMT has fallen 7.08% compared to a decline of 3.18% for the SPDR S&P 500 ETF (NYSE: SPY)....
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Sentiments Improve With Less-Severe-Than-Anticipated Changes In Financial Regulation; US Stocks Inch Up
Friday, June 25, 2010 - 3:59pm | 196US stocks are moving up gradually in late afternoon trading, driven by relief felt by investors from less-severe-than-expected changes in the financial regulation. The improved sentiment has helped markets recoup a portion of the losses incurred over the week. While the Dow Jones Industrial...
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Wal-Mart Sliding To New Low (WMT)
Friday, June 25, 2010 - 11:42am | 80Shares of Wal-Mart (NYSE: WMT) are showing relative weakness today as they slide to a fresh 7-month low. Shares of the retailer are down 44 cents, or 0.88%, to $49.59. Over the last 52-week shares have traded between $47.35 and $56.27. The stock offers an annual dividend payout of $1.21 per share,...
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Company News for June 24, 2010 - Corporate Summary
Thursday, June 24, 2010 - 10:14am | 446• Bed Bath & Beyond (NASDAQ: BBBY) reported earnings of 52 cents a share, up from Zacks estimates of 48 cents on revenues of $1.92 billion, versus Zacks projections of $1.89 billion • Nike (NYSE: NKE) fiscal fourth quarter earnings came in at $1.06, in-line with Zacks estimates on inline...
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Why China's Foxconn Will Hurt the Global Economy More Than the BP Oil Spill
Wednesday, June 23, 2010 - 10:37am | 2824China's central bank says it will loosen the yuan's de-facto peg to the U.S. dollar, a move that could exacerbate growing inflationary pressures faced by the Asian giant. Money Morning’s Martin Hutchinson puts it all together in the following report, and suggests several ways for U.S investors to...
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Why China's Foxconn Will Hurt the Global Economy More Than the BP Oil Spill
Wednesday, June 23, 2010 - 10:37am | 2887China's central bank says it will loosen the yuan's de-facto peg to the U.S. dollar, a move that could exacerbate growing inflationary pressures faced by the Asian giant. Money Morning’s Martin Hutchinson puts it all together in the following report, and suggests several ways for U.S investors to...
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Why China's Foxconn Will Hurt the Global Economy More Than the BP Oil Spill
Wednesday, June 23, 2010 - 10:37am | 2817China's central bank says it will loosen the yuan's de-facto peg to the U.S. dollar, a move that could exacerbate growing inflationary pressures faced by the Asian giant. Money Morning’s Martin Hutchinson puts it all together in the following report, and suggests several ways for U.S investors to...
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Costco Rated ‘Overweight’ By J.P. Morgan (COST)
Tuesday, June 22, 2010 - 11:53am | 116Costco Wholesale Corporation (NASDAQ: COST) is likely to grow due to its high traffic. The company’s May traffic was up 5.5%. It also has experienced good traffic growth over last five months. The company has also said that its major segment in dollars has been soft due to a combination of weak...
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Citi Reiterates Hold Rating on Costco (COST)
Monday, June 21, 2010 - 9:22am | 131Citing an increasingly competitive environment, Citigroup Global Markets reiterated its Hold rating on Costco Wholesale Corp. (NASDAQ: COST) this morning. Citi is "impressed with the company's improving MFI growth and robust traffic trends as it cycles strong traffic gains from last year." Citi,...
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What is Warren Buffett Buying and Selling?
Saturday, June 19, 2010 - 10:46pm | 286Warren Buffett, head of Berkshire Hathaway (BRK-A) (BRK-B), is one of the three richest people in the world and a top trader and investor. The latest SEC report came out on Berkshire and shows his latest moves as of the end of March. What is most significant about this list is not what he is buying...
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Jefferies Raises Estimates on Kroger (KR)
Friday, June 18, 2010 - 9:28am | 274Jefferies & Co. is out with an analyst note this morning, where they reiterate their Buy rating on shares of Kroger (NYSE: KR); they have a $28.50 price target on the stock. Jefferies analysts adjusted their FY 2011 numbers higher today, but left their $1.83 annual number unchanged. They said...
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Top 4 Stocks In The Grocery Stores Industry With The Highest Cash (CBD, DEG, WFMI, SWY)
Friday, June 18, 2010 - 6:16am | 139Below are the top 4 grocery stores stocks on the NASDAQ and the NYSE in terms of cash. Companhia Brasileira de Distribuicao (NYSE: CBD) had $1 billion of cash in the latest quarter, while its debt liabilities stood at $2.5 billion. Delhaize Group (NYSE: DEG) had $792.22 million of cash and $3.42...
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Kroger (KR) Gets A Buy Rating At Jefferies
Thursday, June 17, 2010 - 9:00pm | 107Scott A. Mushkin, Bakley Smith and Mike Otway, analysts at Jefferies, have given a Buy rating to Kroger (NYSE: KR). The stock has been trading around $20.38 and Jefferies has a target price of $28.50 on the shares. Analysts expect sales and earnings growth to accelerate in upcoming quarters. Risks...