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Bears Have Momentum 05-18-2010
Tuesday, May 18, 2010 - 3:07pm | 813Cusick’s Corner The bears have the momentum at this stage, even with the positive start to the day. As noted in past Corners, we could be stuck in a whippy but consolidated range-bound trade. With Euro still under pressure and the Dollar still seeing some flight to quality trade, this market seems...
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Tuesday’s Option Volume Leaders (SPY, C, BAC, AAPL, BIDU, WMT)
Tuesday, May 18, 2010 - 11:36am | 168The overall market (NYSE: SPY) is slightly higher today, currently up 3 points to 1,140 in a volatile trading session. We were as high as 1,148 earlier in the session, before pulling back, going negative, and then rebounding. Here are your Option Volume Leaders on a Tuesday morning… 1. Citigroup (...
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Stock Market News for May 18, 2010 - Market News
Tuesday, May 18, 2010 - 9:57am | 431U.S. stocks closed with marginal gains on Monday even as Europe’s debt malaise showed no signs of easing. The euro, meanwhile, rebounded from a four-year low against the U.S. dollar as traders picked up the battered currency. Investors were also concerned about how Europe will manage the fiscal...
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Company News for May 18, 2010 - Corporate Summary
Tuesday, May 18, 2010 - 9:57am | 268• Berkshire Hathaway (NYSE:BRKA) cut its exposure in Kraft (NYSE:KFT) by 23% in the first quarter. Kraft shares had rallied yesterday following a Barron's article, which advised the company's Cadbury purchase could help expand revenues and lower costs, a deal which was opposed by Buffett. ...
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US Stock Futures Indicate Brighter Opening Today
Tuesday, May 18, 2010 - 8:57am | 237US stock futures moved up today ahead of the series of economic reports scheduled for the day. While futures on the Dow Jones Industrial Average added 46 points to 10645 a couple of hours before the start of trading, those on the S&P 500 moved up 5.9 points to 1140.4. Meanwhile, Nasdaq 100...
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Wal-Mart (WMT) Reports 10% Increase In First-Quarter Profit
Tuesday, May 18, 2010 - 8:48am | 84Wal-Mart Stores, Inc. (NYSE: WMT) reported a 10% increase in first-quarter profit, today. The company reported first-quarter profit of $3.32 billion, or $0.88 per share, compared with a profit of $3.02 billion, or $0.77 per share reported for the same period last year. Revenue increased 5.9% to $...
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Wal-Mart Stores (WMT) Profits Up, Same Store Sales Down
Tuesday, May 18, 2010 - 8:45am | 95Wal-Mart Stores, Inc. (NYSE: WMT) announced on Tuesday morning that it beat consensus Wall Street estimates. Wal-Mart Stores, Inc. reported that its 1st quarter net income rose 10% to $3.32 billion, or 88 cents per share, up from $3.02 billion, or 77 cents per share, a year earlier. Revenue climbed...
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Wal-Mart Up After Q1 Earnings Report
Tuesday, May 18, 2010 - 8:42am | 147Today Wal-Mart (NYSE: WMT) reported FY 11 Q1 earnings exceeding guidance and first call consensus. Shares of WMT are currently trading at $53.50, up 01.46%. EPS was reported three cents above estimates, at $0.88. Net sales, 6% above estimates, was reported at $99.1B. In addition, Wal-Mart Intl....
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Stocks To Watch For May 18 (HPQ, WMT, SKS, ANF, HD)
Tuesday, May 18, 2010 - 6:25am | 186Some of the companies that may grab investor focus today are: Hewlitt-Packard (NYSE: HPQ) is expected to report an EPS of $1.05 for the fiscal second quarter. HPQ’s shares gained 0.61% to $47.81 in after hours trading. Analysts are expecting Wal-Mart (NYSE: WMT) to have earned $0.85 in the first...
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WMT Sees A Decline In Weekly Rollbacks
Monday, May 17, 2010 - 2:43pm | 135Analysts at Citigroup reiterate their "buy" rating on Wal-Mart Stores Inc (NYSE: WMT). The target price for WMT is set to $63. According to Citigroup, the number of rollbacks in WMT’s Grocery and Health & Wellness segments declined on a week/week basis for the week-ended May 14. “We are...
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Jefferies & Company Supermarket Outlook (WMT, KR, SWY)
Monday, May 17, 2010 - 1:08pm | 248In a research report released today by Jefferies & Co., the firm said that the economy appears to be at an inflection point, where "one road leads to the promised land for the supermarkets of more jobs, additional spending on food-at-home items and inflation. The other road is to the not-so-...
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Two Sector ETFs Offering Safety
Monday, May 17, 2010 - 11:19am | 381Through the first two weeks of May the major indices are taking it on the chin as investors fear more trouble is brewing in Europe and will sell first and ask questions later. However, there are two sector ETFs that have been holding up much better than the overall market: SPDRs Consumer Staples...
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Retail Stocks Sink As LOW’s Forecast Misses Estimates
Monday, May 17, 2010 - 11:10am | 238Retail stocks plunged today after America’s second largest US home-improvement retailer, Lowe's Companies Inc (NYSE: LOW), announced a Q2 profit forecast that fell short of the Street view. LOW is the third retailer after JC Penney Company (NYSE: JCP) and Kohl's Corp (NYSE: KSS) to give cautious...
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Stock Market News for May 17, 2010 - Market News
Monday, May 17, 2010 - 10:05am | 398Concerns that the debt crisis in Europe could slow the global economic rebound overshadowed stronger-than-expected reports on retail sales and industrial production and sent U.S. stocks sharply lower on Friday. Investors also questioned the efficacy of frugality measures being instituted by...
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WHAT’S ON TAP?
Sunday, May 16, 2010 - 12:14pm | 1038For the week of May 17th (in conjunction with Econoday): Earnings season officially comes to an end with the report of Walmart’s earnings. There are a few earnings reports of note, but economic data and any headlines on the continuing credit crisis should dominate the news. Let’s take a look at...