-
Top Performing Industries For May 14 (GSB, COST, AZO, HD)
Friday, May 14, 2010 - 2:07pm | 223At 1:38 pm, Dow plunged 210.25 points, or 1.95%, to 10,572.70, while the broader Standard & Poor's 500 index fell 27.59 points or 2.38%. The Nasdaq composite index has also slipped 63.45 points or 2.65%. While most of the industries are in red today, the top four industries are: Internet...
-
Halliburton (HAL) Draws an Upgrade – What Can This Mean For Investors?
Friday, May 14, 2010 - 9:19am | 1645FBR Research upgraded Halliburton (NYSE: HAL) Thursday morning, lifting its rating to “outperform” from “market perform”. With regard to the Deepwater Horizon rig explosion and subsequent oil spill in the Gulf of Mexico, the covering analysts said BP is likely to foot the bill and that overall, it...
-
Sprint Nextel To Launch New Prepaid Plan (S, WMT)
Thursday, May 13, 2010 - 6:41pm | 161Sprint Nextel Corp. (NYSE: S) has struck a deal with Wal-Mart Inc. (NYSE: WMT) for the launch of its new prepaid plan. The new service, Common Cents Mobile, is scheduled to debut on Saturday. The plan is specifically aimed at people with intermittent cell phone usage. Under the new plan, the users...
-
Thursday’s Market Roundup
Thursday, May 13, 2010 - 4:28pm | 291The overall market struggled to find direction most of the session before falling 1.21% to close at 1157, off 14.23 points. The S&P 500 (NYSE: SPY) closed very near its lows of the session. The sell off seemed to come after traders realized that there was neither enough volume, nor conviction...
-
Sprint Shares Soar
Thursday, May 13, 2010 - 3:24pm | 122Shares of Sprint Nextel Corp (NYSE: S) are shooting higher on the session after the company reported that they would be selling pre-paid wireless services at Wal-Mart (NYSE: WMT). Raymond James also upgraded the company to “Outperform” today. The options market is heating up in the name with...
-
News Summary: Natural Gas Futures Hit Eight-Week High (TDC, F, S, WMT)
Thursday, May 13, 2010 - 2:07pm | 305The possibility of a recovery in fuel demand has increased and natural gas futures climbed to an eight- week high in New York. The move was triggered by a government report that showed that fuel stockpiles grew less than forecast, signaling that fuel demand is recovering from the worst financial...
-
Wal-Mart (WMT) Commits $2 Billion For Food Banks
Thursday, May 13, 2010 - 11:48am | 93Wal-Mart (NYSE: WMT) undertook a major philanthropic initiative by declaring that it will provide $2 billion worth food and money to the food banks around the country over the next 5 years. The company is expected to give away 1.1 billion pounds of food and $250 million in funds for improving the...
-
Top 5 Large-Cap Stocks In The Services Sector With The Highest Cash (NWSA, WMT, TWX, AMZN, LVS)
Thursday, May 13, 2010 - 6:00am | 193Below are the top five large-cap stocks in the services sector on the NYSE and the NASDAQ in terms of cash. News Corporation (NASDAQ: NWSA) had $8.18 billion of total cash in the latest quarter. NWSA had a total debt of $13.51 billion for the same period. Wal-Mart Stores Inc (NYSE: WMT) had $7.91...
-
Fast Money Picks For May 13th (ICA, PCP, VIX, COST)
Wednesday, May 12, 2010 - 6:52pm | 132On CNBC's Fast Money, Tim Seymour suggested that investors should buy Empresas ICA SA (ADR) (NYSE: ICA) tomorrow. Empresas ICA SA (ADR) (ICA) gained 1.88% today and closed at $10.31. Guy Adami likes Precision Castparts Corp. (NYSE: PCP). Precision Castparts (PCP) added 0.69% today and had a volume...
-
Wal-Mart Expresses Interest In Russian Retailer (WMT, CS)
Wednesday, May 12, 2010 - 5:57pm | 138Wal-Mart Inc. (NYSE: WMT) is in talks with Russian retailer Lenta about a possible acquisition. The U.S. retail giant has been trying to enter the buoyant Russian market. Reuters has quoted a source as saying, “It is fair to say that at this point there has been some information exchanges and some...
-
Market Update - IBM (NYSE: IBM), Wal-Mart (NYSE: WMT), Sybase (NYSE: SY), Regeneron (NASDAQ: REGN)
Wednesday, May 12, 2010 - 4:51pm | 281Just a one week after the deadline for the homebuyer tax credit expired, mortgage applications fell 9.5% even as mortgage interest rates dropped 9.5%, according to Dana Olick, a real estate reporter on CNBC. She quoted a report from Trulia.com that indicated that as of May 1, 10% of the listings in...
-
Cloning 101
Friday, May 7, 2010 - 12:21pm | 4642If I have seen further it is by standing on the shoulders of giants. — Sir Isaac Newton Picking stocks is hard. Most academic research has shown that individuals stink at it. Many investors have painfully (re)learned this lesson in 2008 as stock markets collapsed around the globe. That being said...
-
Retailers Disappointed In April (COST, GPS, ANF, TGT, COST, WAG, TGT, JWN, M, ZUMZ, HOTT)
Thursday, May 6, 2010 - 3:11pm | 415Today was the day when top retailers ranging from Costco Wholesale (NASDAQ: COST) to Gap (NYSE: GPS) posted disappointing same-store sales for the month of April. The results were a clear indication that Wall Street was expecting too much of a consumer rebound. Of the 28 retailers tracked by...
-
Stock Market News for May 6, 2010 - Market News
Thursday, May 6, 2010 - 9:45am | 399Efforts to contain the European financial crisis are on but there is no amicable solution in sight. At least that is what it appears. With Moody’s Investors Service warning on Wednesday that Portugal’s credit rating faces a possible downgrade and violent protestors killing three people on the...
-
Benzinga’s Top Pre-Market Losers (JDSU, OSUR, MKTAY, COST, VOD)
Thursday, May 6, 2010 - 9:11am | 156JDS Uniphase Corporation (NASDAQ: JDSU) lost 7.52% to $12.67 in the pre-market session. JDSU had significantly narrowed its losses in fiscal Q3. OraSure Technologies Inc (NASDAQ: OSUR) tumbled 5.56% to $5.95 in the pre-market session. OSUR had reported its Q1 revenues at $17.9 million. Makita Corp...