-
Low TV Sales Hurt Costco's (COST) Overall Sales
Wednesday, June 16, 2010 - 9:27am | 206Goldman Sachs analysts Adrianne Shapira, Morry Brown, Benjamin H. Rowbotham and Scott Kaufman-Ross rated shares of Costco Wholesale Corporation (Nasdaq: COST) Neutral, with a price target of $66 per share. The analysts said that they were disappointed with Costco Wholesale Corporation's (COST) 1st...
-
Is There Trouble At Gamestop (GME)
Tuesday, June 15, 2010 - 9:34pm | 139Is it finally time to start unloading shares of Gamestop (GME)? Gamestop dropped 5% today to close just above $20. Gamestop's shares dropped on news that Best Buy (BBY)is going to start selling used video games. Used video game sales represent a significant portion of Gamestop's revenue. Amazon (...
-
Stock Market News for June 14, 2010 - Market News
Monday, June 14, 2010 - 9:39am | 531The volatility in markets is similar to the wild swings that characterized the indices’ moves in late 2008 and early 2009. Yet, over the last three weeks, markets do not seem to have given up much ground – or made any headway. After sharp moves back and forth, major indexes barely managed to move...
-
Retail Sales Data Sadden Bipolar Speculators
Friday, June 11, 2010 - 9:19am | 819Once more each day is upon itself revolving around that day's news, and the previous day means nothing.... a truly bipolar world of speculation, now that we've chased off all long term investors. This morning's "good news" (in my book) has the savings rate up; but unfortunately that means despite...
-
Citigroup Recommends WMT And WINN In The Clubs And Discounters Segment
Thursday, June 10, 2010 - 12:10pm | 281The clubs and discounters have gained food market share in 2009 at the expense of supermarkets, as the “recession drove traffic to these value-oriented destinations.” Citigroup says, “However, share gains moderated YOY, especially at Wall Mart Stores (NYSE: WMT). In 2010, we expect price...
-
Time To Short The XLF And Go Long Consumer Staples? (XLF, MCD, WMT, PEP)
Tuesday, June 8, 2010 - 1:27pm | 422The trend right now in the markets is disconcerting, but fairly defined at this point - the trade is "risk off," and if this atmosphere persists, traders are not likely to make money without having significant short exposure. The Financial Select Sector SPDR ETF (NYSE: XLF) appears to be a good...
-
Don't Fight the Trend 06-07-2010
Monday, June 7, 2010 - 6:40pm | 672Cusick’s Corner The 1050 mark on the S&P 500 has come under attack – there’s a lack of leadership from Financials (XLF)/Tech (QQQQ), and a defensive tone with a flight to the Gold (GLD) and Utilities (UTH). Keep the powder dry in this environment, these are trading markets and there is no sense...
-
Using the Euro as a Barometer 06-07-2010
Monday, June 7, 2010 - 3:03pm | 738Cusick’s Corner We are experiencing some whippy action into the Midday, but it has been within Friday’s range. The lows are continually being challenged throughout today’s session, but there’s no major follow through, indicating that the potential for a late push to the upside could possibly be in...
-
News Summary
Monday, June 7, 2010 - 11:23am | 275The Employment Trends Index for the month of May stands at 95.7. It has risen for the ninth consecutive month. In April, the revised index was at 95.2. The Conference Board commented, "The ongoing growth in the Employment Trends Index suggests that the disappointing uptick in payroll employment in...
-
The Jobs Report: Not to Beat a Dead Horse, But …
Monday, June 7, 2010 - 9:17am | 1595…Friday’s nonfarm payrolls report was much worse than expected, hence the market’s very bearish reaction. Only about 20,000 “real” permanent jobs were added in the month of May. The Bureau of Labor Statistics noted that 411,000 of the 431,000 jobs were temporary positions associated with the 2010...
-
Benzinga’s Volume Movers (CMED, MATK, APEI, CMTL)
Friday, June 4, 2010 - 2:40pm | 199China Medical Technologies Inc (NASDAQ: CMED) shares gained 20.54% to $12.09 by 12:51 pm. The volume of CMED shares traded was 979% higher than normal. The medical device maker reported an 82% decline in its fiscal Q4 profit as the company reduced prices and increased sales staff. Martek...
-
Huge Sell Off On Wall Street (AAPL, GOOG, MCD, WMT, BP)
Friday, June 4, 2010 - 12:20pm | 270U.S. equity markets have been moving steadily lower throughout Friday's trading session. The Dow Jones Industrial Average has now fallen 253.93 points to 10,001. The S&P 500 is down 2.36% to 1,076.91. The precipitous decline today can be attributed to a weaker Euro and a disappointing jobs...
-
Calls Bought on Wal-Mart (WMT)
Friday, June 4, 2010 - 10:37am | 154Shares of Wal-Mart Stores (NYSE: WMT) are lower on the session by 1.60%, currently trading $50.89. The stock has fallen sharply over the past month, which is surprising given that investors are reaching for more large-cap, defensive names as of late. The stock did bounce off of the $50 handle,...
-
Costco's May Core Comp Modestly Below Expectations, Despite Healthy Traffic
Thursday, June 3, 2010 - 11:21am | 174Analysts at JP Morgan reiterate their "overweight" rating on Costco Wholesale Corporation (NASDAQ: COST). According to JP Morgan, Costco's “core comp of ~3.5% (ex-gas/FX and calendar shift) represented a respectable uptick sequentially from the 2.0% result in April, but still fell modestly below...
-
Company News for June 3, 2010 - Corporate Summary
Thursday, June 3, 2010 - 9:33am | 235• Two senior US Senators called for BP (NYSE:BP) to suspend dividend payments to shareholders before clean-up costs for the Gulf spill can be determined. Fitch downgraded its shares to AA from AA+ on growing clean-up risk exposure • Joy Global (NASDAQ:JOYG) reported much-better-than-expected first...