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Walmart Closes Investment in 51% Stake in Massmart
Monday, June 20, 2011 - 7:56am | 102Wal-Mart Stores, Inc. (NYSE: WMT) announced today that the company has completed its investment for a 51% stake in South African-based Massmart Holdings Limited for ZAR148.00 per Massmart ordinary share. In terms of the transaction agreement, Walmart is entitled to nominate the chairman and three...
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Breakout Stocks to Watch This Week and 1 Speculative Biotech
Sunday, June 19, 2011 - 9:53pm | 2824Click here for a FREE Trading Course Now you can follow me on Stocktwits and Twitter! Each week I publish stocks to watch for the upcoming week as potential momentum trades or longer-term investments. The stocks below all have a 50k minimum average daily share volume and traded at a 52-week high...
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U.S. Stocks Poised For Strong Open
Friday, June 17, 2011 - 8:07am | 72Stock futures were poised for a vastly higher open, boosted by optimism over a deal for debt-ridden Greece. Nasdaq 100 futures surged 14 points vs. fair value, S&P 500 futures rallied 13 points and Dow futures jumped 97 points. The euro gained 0.5% against the dollar as it rebounded from a...
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Build a Wealthy Portfolio with These Economic Moats
Tuesday, June 14, 2011 - 12:33am | 1474Warren Buffett mentions moats all the time in his talks and writings and emphasizes the importance of finding a company with moats. The thing is, I haven't come across anything specific from Buffett where he explains how to distinguish and categorize moats but The Little Book That Builds Wealth...
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Bearish Signs Are Quickly Adding Up
Monday, June 13, 2011 - 11:01am | 1223By Gary Kaltbaum Over the past few weeks, I have been more cautious. During that time on the Buzz & Banter, I outlined why I thought the market was in trouble. The simple fact is that every characteristic that usually show up near tops in the market... showed up. When these characteristics...
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Donovan Searles & Axler Announces the Pennsylvania Superior Court Has Affirmed the $150M Class Action Judgment on Behalf of Pennsylvania Hourly Employees of Wal-Mart Stores
Friday, June 10, 2011 - 2:16pm | 136Donovan Searles & Axler announces that the Superior Court of Pennsylvania has issued a 211 page decision largely affirming the multi-million dollar class action judgment against Wal-Mart Stores, Inc. (NYSE: WMT) in favor of Pennsylvania hourly employees. A three judge appeals panel has largely...
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Is IHOP Exchanging Fat Poor Customers for Fat Rich Customers?
Friday, June 10, 2011 - 12:32pm | 354When even calorie-stuffed, low-income eatery IHOP (NYSE: DIN) starts targeting a wealthier clientele, is that a signal to lower-income obese folks to consider eating salads at home rather than digesting a stack of carbs and calories covered in syrup at a restaurant. The dicey economy and the...
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Citi Discusses Wal-Mart
Friday, June 10, 2011 - 6:31am | 120Citi Investment Research is out with a research report on Wal-Mart (NYSE: WMT). In a note to clients, Citi writes, "WMT was the only retailer in our coverage universe to gain average market share in 2010. While the clubs' average food market share remained relatively flat during the year, the...
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Why Market Caps Matter When Buying Stocks
Thursday, June 9, 2011 - 10:47am | 664One of the first things that investors should look at when buying a stock is the market capitalization, which is the total dollar value of all of the company's shares. You can calculate it by multiplying the price of a stock times the total number of shares outstanding. Since market caps change on...
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Brian Sozzi Says Target & Shareholders Off The Mark At Shareholder Meeting
Wednesday, June 8, 2011 - 2:20pm | 265In a research note, Brian Sozzi of Wall Street Strategies has a note on Target (NYSE: TGT), as the company held its annual shareholder meeting today. In the note, Sozzi talks about the many different initiatives Target is undertaking, such as pushing into Canada, remodeling U.S. stores, and...
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Watching 1250 06-08-2011
Wednesday, June 8, 2011 - 2:06pm | 962Cusick's Corner The market is hovering at the moment, no real change over yesterday's close. Most traders are now watching the 1250 level. Europe was weak overnight and the Euro is dropping, but the headlines are not inspiring much of a trend in the trade so far today, some of the bearish move...
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Will BJ's Wholesale Finally Go Private?
Wednesday, June 8, 2011 - 8:17am | 271It's been in the rumor mill for what seems like forever, and today is no different. The NY Post is reporting that CVC Capital Partners and Leonard Green & Partners are going to team up to buy BJ's Wholesale (NYSE: BJ) for $2.8 billion. The bid is expected to come next week, and would only be...
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Chinese Could Alter Entire Forex Market in Next Few Weeks
Tuesday, June 7, 2011 - 2:02pm | 476The People's Bank of China could increase the band the yuan trades in within the next few weeks, according to Bloomberg. That would allow the Chinese currency to float more freely, and perhaps appreciate against the U.S. dollar. Last week, the Chinese signaled their plan to allow the currency to...
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Retail On The Move
Tuesday, June 7, 2011 - 9:21am | 184This morning, the retail sector is showing early strength. The Retail Holders Trust(NYSE: RTH) is trading higher by $1.21 to $106.46 a share. When the retail sector shows intra-day strength it is usually a sign that the major stock indexes will hold up for the day. Over the past week, the retail...
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Bank of America Merrill Lynch Maintains Buy on Walmart Stores
Tuesday, June 7, 2011 - 7:13am | 121Bank of America Merrill Lynch is out with its report today on Walmart Stores (NYSE: WMT), maintaining Buy. In a note to clients, Bank of America Merrill Lynch writes, "A solid comp outlook for the U.S. is supported by improving merchandise execution under new WMT US leadership, supported by...