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Wal-Mart To Sell $97 iPhone (WMT, AAPL)
Tuesday, May 25, 2010 - 12:33pm | 134Wal-Mart (NYSE: WMT) has announced that it is slashing the price of 16GB 3GS iPhones to $97, from the existing price of $199. The price cut will be effective starting Tuesday. The move is likely to clear out remaining inventory of 3GS, as Apple (NASDAQ: AAPL) is expected to introduce a newer...
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The Unusual Suspects (AIG, COST, EW, EMC, GS, INFY, MDT, TIVO)
Sunday, May 23, 2010 - 10:36am | 415Reuters: China avoided a commitment on the yuan’s value during talks with the US. Reuters: A Senate committee will look at the UAL (NASDAQ: UAUA) merger with Continental (NYSE: CAL). Reuters: Geithner pushed the Chinese on open trade. Reuters: Barron’s says Sprint-Nextel (NYSE: S) shares...
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What Is Happening In Wal-Mart? (WMT)
Friday, May 21, 2010 - 11:12am | 175Wal-Mart (NYSE: WMT) reported their quarterly earnings on Tuesday exceeding Wall Street estimates. The company earned $0.88 per share compared to consensus estimates of $0.85. Year over year revenue was up 6.0%. The stock rallied to over $54 after the strong report. Since then, however, the...
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Huge Sell Off On Wall Street (AAPL, GOOG, WMT, CAT)
Thursday, May 20, 2010 - 4:14pm | 144A massive sell off swept across Wall Street today, as traders and investors sold pretty much everything under the sun. The action in the markets today suggests that the big money is de-risking in a major way as a result of continued fears over what is unfolding in the Euro zone. The fear is...
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General Electric (GE) All Set For A Lower Bottom
Thursday, May 20, 2010 - 2:45pm | 121General Electric (NYSE: GE) fell 4.4% by early afternoon trading on Thursday to $16.50, after making an even wider gap down opening on Thursday. The reversal in sentiment on General Electric (GE) came after Wal-Mart Stores Inc. (NYSE: WMT) recalled about 900,000 General Electric-branded coffee...
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Wal-Mart Stock Has Upside Potential; Barron’s (WMT)
Wednesday, May 19, 2010 - 5:44pm | 121Wal-Mart Inc. (NYSE: WMT) has reported earnings of 88 cents per share in its first quarter. The company managed to surpass Street expectations as well as its own guidance. Wal-Mart’s same-store sales decreased 1.4%. Morningstar analyst Joel Bloomer told Barron’s, “Wal-Mart's wide economic moat...
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BJ's Wholesale Surging After Earnings (BJ)
Wednesday, May 19, 2010 - 10:27am | 71BJ's Wholesale (NYSE: BJ) reported net income of $26.09 million or $0.49 per share compared to $24.34 million or $0.45 per share in the year ago period. This compared to Wall Street analysts' estimates of $0.43. Revenues at the company were $2.61 billion from $2.31 billion in last year's...
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Stock Market News for May 19, 2010 - Market News
Wednesday, May 19, 2010 - 9:33am | 506Stocks dropped sharply on Tuesday and the euro plunged to a fresh four-year low against the US dollar as Germany’s move to ban a particular type of short selling was seen as a precursor to tighter regulations. Reports that ten European countries had sent bailout money to Greece gave some boost to...
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Company News for May 19, 2010 - Corporate Summary
Wednesday, May 19, 2010 - 9:33am | 147• Deere (NYSE:DE) reported fiscal second quarter earnings of $1.58, versus Zacks estimates of $1.09 as revenues rose 6% to $7.13 billion, beating Zacks estimates of $6.89 billion • BJ's Wholesale (NYSE:BJ) reported interims of 49 cents, 6 cents higher than Zacks expectations, as revenues grew 12.8...
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Patrick Becker Recommends Microsoft: CNBC (MSFT, INTC, WMT)
Wednesday, May 19, 2010 - 7:09am | 130Patrick Becker, principal of Becker Capital Management, discussed his views about the stock market with CNBC. Becker said that there are potential areas of investment in the choppy market. He is particularly enthused about the large-cap US stocks. He said that with foreign exchange fluctuations,...
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Top 5 Stocks In The Discount, Variety Stores Industry With The Highest Market Capitalization (WMT, TGT, COST, DG, FDO)
Wednesday, May 19, 2010 - 6:22am | 165Below are the top 5 discount, variety stores stocks on the NASDAQ and the NYSE in terms of market capitalization. Wal-Mart Stores Inc (NYSE: WMT) has a market capitalization of $201.88 billion. Citigroup upgraded WMT from “hold” to “buy.” Target Corp (NYSE: TGT) has a market capitalization of $40....
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Stocks To Watch For May 19 (CHS, HRL, LTD, TGT, BJ)
Wednesday, May 19, 2010 - 6:21am | 191Some of the stocks that may grab investor focus today are: Analysts are expecting Chico's FAS Inc (NYSE: CHS) to have earned $0.20 per share in the first quarter. CHS lost 0.56% to $14.08 in after hours trading. Wall Street expects Hormel Foods (NYSE: HRL) to report an EPS of $0.61 for the fiscal...
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Steer Clear of Baidu
Wednesday, May 19, 2010 - 6:05am | 447In my weekly newsletter EPIC Insights, I aim to uncover solid companies selling at cheap prices. This search is often difficult, but it will uncover stocks that bewilder me. One example is Chinese search engine Baidu (BIDU). I know this is comment will anger many and unleash calls questioning my...
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What Warren Buffett is Buying and Selling
Wednesday, May 19, 2010 - 1:19am | 226Warren Buffett's Berkshire Hathaway (BRK-A) (BRK-B) has announced some major portfolio changes, most described in its filings with the SEC. Here are his holding updates: Sold: Sun Trust Banks (STI )Travelers (TRV)United Health (UNH)Wellpoint (WLP) Reduced holdings:Carmax (CMX)ConocoPhillips (COP)...
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It Takes Two to Contango 05-18-2010
Tuesday, May 18, 2010 - 6:26pm | 786Cusick’s Corner The market closed well off the initial pace of the open. While the EU is the driving force behind this market pressure, I do not want to lose sight that this is expiration week. We have already seen what the impact has been so far with June Crude expiring today. Why would something...