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Better Than Expected Sales For Retail Sector, (WMT, TGT, BJ)
Tuesday, February 2, 2010 - 2:56pm | 277Analysts at Janney Capital Markets provided updates on companies including Wal-Mart Stores Inc. (NYSE: WMT), Target Corp (NYSE: TGT) and BJ’s Wholesale Club Inc. (NYSE: BJ). The analyst firm believes that January sales were better than expected and will continue with the improving trend from...
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Wal-Mart Stores Inc. (WMT) Upgraded By Goldman Sachs (GS)
Friday, January 29, 2010 - 3:10pm | 133Wal-Mart Stores Inc. (NYSE: WMT), the biggest retail stores chain in the world, has been upgraded by analysts at Goldman Sachs (NYSE: GS). Wal-Mart Stores Inc. (WMT) was brought up to “buy” from “neutral” after the retailer decided to go ahead with some job cuts recently. Wal-Mart Stores Inc. (WMT...
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Company News for January 29, 2010 - Corporate Summary
Friday, January 29, 2010 - 10:28am | 172• Honeywell (NYSE:HON) reported a one penny fourth quarter earnings beat of 91 cents on revenues of $8.1 billion, just below Zacks estimates of $8.16 billion. The firm said it expects for 2010 earnings of $2.20 to $2.40 • Dover (NYSE:DOV) reported estimate-topping fourth quarter earnings of 55...
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GDP Soars, Consumption Rises (WMT, ARO)
Friday, January 29, 2010 - 10:06am | 150Fourth quarter GDP expanded at 5.7% after increasing 2.2% in the third quarter. The consensus estimate called for GDP to increase by 4.7%. The first estimate of fourth quarter GDP showed that the economy grew at its fastest pace since the third quarter of 2003. Growth improved while inflation was...
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Costco Puts Active
Wednesday, January 27, 2010 - 2:13pm | 143Costco (NASDAQ: COST) is seeing heavy action in its puts this afternoon with over 7,800 of the March $60 puts sold on the bid. This reflects a bullish sentiment in that the trader is willing get long a lot of Costco shares should the stock not rally back above $60. The stock is currently trading $...
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Outlook Neutral For Family Dollar (FDO)
Wednesday, January 27, 2010 - 12:23pm | 142Sadif Analytics has given a neutral outlook for Family Dollar Stores (NYSE: FDO) and rates the retail discount chain’s growth prospects as medium. An assessment of the stock shows that it is undervalued with relatively low volatility. However, a comparison of the quality of Family Dollar’s...
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Top 5 Stocks In The Discount, Variety Stores Industry With The Highest ROE (DLTR, BIG, FDO, WMT, TGT)
Wednesday, January 27, 2010 - 7:48am | 241Below are the top 5 discount, variety stores stocks on the NASDAQ and the NYSE in terms of return on equity. The trailing-twelve-month return on equity for Dollar Tree Inc (NASDAQ: DLTR) stands at 23.59. RBC Capital Markets initiated coverage of DLTR with an “outperform” rating. Read more on this...
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Top 5 Stocks In The Discount, Variety Stores Industry With The Highest Percentage Gain In Shares (TUES, TGT, BJ, WMT, NDT)
Wednesday, January 27, 2010 - 7:13am | 233Below are the top 5 discount, variety stores stocks on the NASDAQ and the NYSE in terms of percentage gain vs previous close. Tuesday Morning Corp (NASDAQ: TUES) jumped 10.39% vs its previous close. TUES had total cash of $5.60 million and debt liabilities of $5.30 million in the latest quarter....
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Patty Edwards Of Storehouse Likes TJX, BKE, ARO, JWN, WMT
Tuesday, January 26, 2010 - 4:10pm | 184Consumer confidence is up for the third month in a row, and it reached its highest levels since September 2008. Patty Edwards of Storehouse said on CNBC's Fast Money Half Time Report that, besides Wal-Mart (NYSE: WMT), she likes The TJX Companies, Inc. (NYSE: TJX), The Buckle, Inc. (NYSE: BKE),...
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Sam's Club Restructuring Not Material To WMT Q4 EPS
Monday, January 25, 2010 - 1:18pm | 127Analysts at Janney Capital Markets reiterate their “buy” rating on Wal-Mart (NYSE: WMT). Sam's Club has announced several changes to its business model. The research note enumerates the changes as “1) Sam's Club will outsource in-club demos and product sampling to Shopper Events, the company that...
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Financials Lead Strong Market Opening
Monday, January 25, 2010 - 11:05am | 166The U.S. stock market opened higher on the back of positive earnings reports and news that Greece should raise much needed funds. The materials and financial sectors led the way for a rising Standard & Poor's 500-share index (Nasdaq: SPX). After worries about the effects of proposed banking...
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Company News for January 25, 2010 - Corporate Summary
Monday, January 25, 2010 - 10:26am | 161• Walmart (NYSE:WMT) reported plans to cut about 11,200 jobs, or 10% of its Sam's Club workforce • Google (NASDAQ:GOOG) co-founders, Page and Brin, are slated to sell $5.5 billion in company shares over the next five years • Eaton (NYSE:ETN) reported fourth quarter earnings of $1.25, two cents...
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Wal-Mart (WMT) To Cut Staff At Sam’s Club
Monday, January 25, 2010 - 8:42am | 147Wal-Mart Stores Inc. (NYSE: WMT) is cutting almost 10% of the workforce at Sam’s Club in what is seen as an effort to improve sales. The retail giant is all set to cut 11,200 jobs at Sam’s Club warehouses that include 10,000 part time workers and 1,200 workers who recruit new members. The job cut...
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Mad Money Lightning Round: Cramer Favors GOOG, WMT, INTC, S, ERTS; Shows Dislike For AMD, SLM, PCS, GME
Friday, January 22, 2010 - 9:07am | 254In his "Mad Money Lightning Round," Jim Cramer said that he had reduced the target price for GOOG just because of the China issue. However, all the growth metrics are there in GOOG and that he would buy a little at this time. GOOG lost 3.21% to $564.27 in pre-market trading. Jim expressed his...
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Stock Market News for January 21, 2010 - Market News
Thursday, January 21, 2010 - 10:26am | 554Disappointing earnings reports in the U.S. and concerns that a tighter lending in China would hurt the global economic recovery led to a broad sell-off on the Street Wednesday. A stronger dollar hurt commodities, sending energy and material companies lower. Investors also had their focus on an...