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COST’s April Sales Jump 11%, Fall Short Of Expectations
Thursday, May 6, 2010 - 6:12am | 112Costco Wholesale Corp (NASDAQ: COST) had reported a 11% y/y jump in the same-store sales for April, falling short of the analyst expectations of 11.2% growth. The Issaquah, Washington-based company said that its same-store sales in the US rose 6%, while those in international markets jumped 29...
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US Stocks Dive, Hit By Europe Crisis, Investors Take Refuge In Dollar & Bonds
Wednesday, May 5, 2010 - 5:49am | 251US stocks were at their worst yesterday as they made their biggest decline in the past three months. Worries surrounding Europe’s inability to solve Greece’s debt crisis, the investors shifted their focus from stocks and commodities to the US Treasury Bonds and the dollar. The Dow Jones Industrial...
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Fast Money Picks For May 5th (COST, HPQ, ABT)
Tuesday, May 4, 2010 - 7:07pm | 116CNBC Fast Money's Joe Terranova thinks that Costco Wholesale Corporation (NASDAQ: COST) should be bought tomorrow. Costco (COST) jumped 0.96% today and closed at $59.88. Hewlett-Packard Company (NYSE: HPQ) is Karen Finerman's pick for tomorrow. She recommends a long position in this stock. Hewlett-...
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Signs Of The Times (GIS, WMT, PFE, AYE)
Tuesday, May 4, 2010 - 6:23pm | 136During market turmoil, so called "defensive" stocks outperform. Well, with the Dow plummeting triple digits today, I decided to check on the performance of some classic defensive names. Healthcare stocks, consumer staples, and utilities are often viewed as classic defensive names. General Mills (...
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Top Performing Industries For May 4 (MCK, WMT, CAB, HSP, BTI)
Tuesday, May 4, 2010 - 1:50pm | 269At 11:56 a.m., Dow lost 218.64, or 1.96%, to 10,933.19, while the broader Standard & Poor's 500 index dipped 26.45, or 2.20%, to 1,175.81. The Nasdaq composite index lost 73.46, or 2.94%, to 2425.28. The industries that are driving the market today are: Drugs Wholesale: The top gainer of the...
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Wal-Mart To Pay $27.6 Million Penalty (WMT)
Monday, May 3, 2010 - 7:14pm | 147Retail giant Wal-Mart (NYSE: WMT) has agreed to pay $27.6 million to settle a hazardous waste disposal case filed against it. The settlement will put an end to a five-year probe against the company. The plaintiffs had held Wal-Mart (WMT) responsible for violating environmental laws and regulations...
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V.F. Corp.’s (VFC) Profits Beat Estimates
Friday, April 30, 2010 - 11:23am | 153With strong global demand of V.F. Corp. (NYSE: VFC) products, the first quarter profit of the company increased by 62 percent. Profits increased from 91 cents a share, a year earlier, to $1.46 a share in first quarter. Analysts had expected first quarter profit of around $1.14 a share. The first...
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Market Roundup (PPL, GS, FNM, DUK, FRE, MCD, WMT)
Wednesday, April 28, 2010 - 2:37pm | 283PPL (NYSE: PPL) has agreed to buy the US assets belonging to E.On (OTC: EONGY.PK) in a deal worth $7 billion, according to David Faber. This comes as a surprise to those who thought that Duke Energy (NYSE: DUK) was prevailing in the three-company competition. According to the Wall Street Journal,...
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Beware The Falling Retail ETF (XRT)
Tuesday, April 27, 2010 - 5:02am | 175Despite recently touching a new 52-week high, stoked by what appears to be a freshly confidend consumer, the SPDR S&P Retail ETF (NYSE: XRT) could be poised for a decline. At least that's the feeling of options traders as put trading in XRT reach a nine-month high last week. The ETF now has a...
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Dividend Stocks That Hit Their Bottom (KO, MMM, WMT, ABT, MCD, CVX, UTX)
Friday, April 23, 2010 - 6:03am | 462According to an article on SeekingAlpha, everyone, including those who love dividend stocks, wants a deal that is close to the rock bottom price. However, long-term buy-and-hold investors are not famous for their ability to time the market and call the bottom. These investors can enjoy the benefits...
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Revealed: The Next Blockbuster Takeover Candidate, NASDAQ:ATPG
Wednesday, April 21, 2010 - 11:48am | 1030There have been billions of dollars in takeovers in the US oilpatch recently, with the most active area by far being the Gulf of Mexico. Apache Corporation (NYSE:APA) made two acquisitions – buying some offshore properties from Devon Energy (NYSE:DVN) for $1 billion, and then spending $3.9...
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Revealed: The Next Blockbuster Takeover Candidate, NASDAQ:ATPG
Wednesday, April 21, 2010 - 11:48am | 1030There have been billions of dollars in takeovers in the US oilpatch recently, with the most active area by far being the Gulf of Mexico. Apache Corporation (NYSE:APA) made two acquisitions – buying some offshore properties from Devon Energy (NYSE:DVN) for $1 billion, and then spending $3.9...
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Costco’s Management Has The Right Touch
Tuesday, April 20, 2010 - 2:07am | 419With so much negative news about greedy CEO’s bilking companies, I want to take a look at some of the best CEO’s in business. For the next few days I will highlight a successful CEO that does things the right way. Today it’s Jim Sinegal of Costco. Costco (COST) CEO Jim Sinegal takes home just $350...
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Wal-Mart (WMT) CEO Receives $19.2 Million In Fiscal 2010 Compensation
Monday, April 19, 2010 - 4:16pm | 73The Wall Street Journal reports that Michael T. Duke, President and Chief Executive Officer of Wal-Mart (NYSE: WMT), received a compensation of $19.2 million in fiscal 2010, which is 32% lower than his compensation in the previous fiscal year. Duke’s compensation for fiscal 201o includes salary of...
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Afternoon Market Update Goldman (NYSE: GS), Best Buy (NYSE: BBY), General Electric Co (NYSE: GE), Boston Scientific (NYSE: BSX)
Friday, April 16, 2010 - 4:39pm | 325The Securities and Exchange Commission has today charged Goldman Sachs Group (NYSE: GS) with defrauding investors. The SEC has alleged that GS created and sold opaque collateralized-debt obligations, or CDOs, that were dependent on the performance of subprime-mortgage-backed securities. According...