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eBay Maintains Neutral Rating
Tuesday, January 19, 2010 - 1:56pm | 134Bank of America Merrill Lynch maintained its Neutral rating for eBay (Nasdaq: EBAY). While companies like Amazon.com (Nasdaq: AMZN) and Google (Nasdaq: GOOG) are expected and priced to beat earnings estimates, no surprises are likely when eBay announces earnings. They should be in line with earlier...
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Twitter And Facebook Help Raise Millions for Haiti Relief
Monday, January 18, 2010 - 9:22am | 175The Disasters Emergency Committee (DEC) has credited the privately held internet companies Twitter and Facebook with helping it raise over $13 million since last Wednesday when the charity posted an appeal on Twitter for donations to go towards Haitian relief efforts. The charity also set up a text...
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Karen Finerman Dislikes TIF, Prefers WMT, TGT, TJX
Tuesday, January 12, 2010 - 7:27pm | 125CNBC's Fast Money Karen Finerman said on the show that she is not a fan of Tiffany & Co. (NYSE: TIF). She believes that luxury stocks have jumped to fast and they are trading with a premium to their long term multiple. Karen Finerman doesn't recommend luxury stocks, and instead she prefers Wal-...
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Bill Miller Favors JPMorgan (JPM), IBM
Tuesday, January 12, 2010 - 5:05pm | 159Bill Miller, renowned investor and CEO of Legg Mason Capital Management, shared his investment outlook with CNBC. Bill Miller has the distinction of beating S&P 500 for 15 straight years. He said that even in the current economic scenario, ‘there are bargains in plain sight’. He favored IBM (...
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Market Round-Up (INTC, WMT, ACL, NVS, NSRGY.PK, KBH)
Tuesday, January 12, 2010 - 3:37pm | 276Intel (NASDAQ: INTC) and Microsoft (NASDAQ: MSFT) are working on smart-sign technology. This technology will enable signs, equipped with cameras and special software, to gauge the age and gender of people standing in front of them and show targeted advertising. Wal-Mart (NYSE: WMT) may be looking...
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Target Corp (TGT) Acquires Smith & Hawken Brand
Monday, January 11, 2010 - 4:23pm | 132Target Corp (NYSE: TGT), the second largest retailer after Wal-Mart (NYSE: WMT), has made it known that it has acquired the iconic Smith & Hawken brand and other intellectual property from Smith & Hawken, LTD, a subsidiary of The Scotts Company LLC, effective Dec. 30, 2009. The company...
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Jack & Jill: Wal-Mart and eBay, Part 2.
Sunday, January 10, 2010 - 10:14pm | 821In part 1 Jill and I discussed Wal-Mart Stores Inc (NYSE: WMT). In part 2 we discuss eBay Inc (NASDAQ: EBAY)and if it’s a buyer or sellers world. Jill’s eBay Analysis: Selling on eBay is a completely different experience compared to the casino like experience of a buyer. For starters anything...
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Indian KKK Cartoon Jangles Australian Nerves; Talk About Kangaroo Courts?
Friday, January 8, 2010 - 3:38pm | 456A cartoon published by the Delhi-based Mail Today seems to have raised more Australian hackles than the murder of Indian student Nitin Garg in Melbourne last weekend. The cartoon in question shows a person in a Ku Klux Klan uniform with a police badge saying, “We are yet to ascertain the nature of...
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Retail Round-up (ZUMZ, ROST, LTD, COST, SHLD, BKE, HOTT, TGT, JWN, KSS)
Thursday, January 7, 2010 - 11:58am | 263Despite the fact that customers in the US have continued to be cautious about spending even during the holidays, retailers are reporting higher sales for December. Some of the retailers that posted higher-than-expected sales growth for the month are Target (NYSE: TGT), Kohl's (NYSE: KSS) and JW...
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Costco Wholesale Corporation (COST) December Sales Beat Estimates
Thursday, January 7, 2010 - 11:08am | 105Costco Wholesale Corporation (NASDAQ: COST) reported better than expected same-store sales for December. Costco reported a 9% rise in same-store sales for December. Analysts on average were expecting same-store sales to rise 7.9%. Same-store sales in US increased 5% while international sales...
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COST December Sales Exceeds Expectations
Thursday, January 7, 2010 - 9:11am | 118Costco Wholesale (NASDAQ: COST) posted a 9% rise in December sales at stores open at least a year, exceeding expectations on a hike in gasoline prices and strength in foreign currencies. While COST’s same-store sales at US locations rose 5%, those at international locations jumped 25%. The largest...
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Economy Strengthens As Asset Purchases And Inflation Get Debated
Thursday, January 7, 2010 - 7:56am | 178Federal Reserve officials discussed whether the economy is strong enough to allow their $1.73 trillion of asset purchases to end in March and differed over the risk of inflation, minutes of their last meeting showed. A few policy makers said it “might become desirable at some point” to boost or...
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Strong Finish For Retail Sector, (M, BKE)
Wednesday, January 6, 2010 - 9:27am | 115Retailers were able to sell more merchandise without resorting to drastic discounts as many had to in late 2008 during the global financial crisis. Online retailers, jewelers and consumer electronics retailers witnessed sales gains last month. However, sales fell at apparel chains and department...
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Top 5 Large-Cap Stocks In The Services Sector With The Highest Cash (NWSA, TWX, WMT, ESRX, V)
Wednesday, January 6, 2010 - 8:29am | 185Below are the top 5 large-cap services stocks on the NASDAQ and the NYSE in terms of cash. The total cash at News Corp (NASDAQ: NWSA) is $7.83 billion. NWSA’s market capitalization is $36.6 billion. Needham initiated coverage of NWSA with a “buy” rating. The total cash at Time Warner Inc (NYSE:...
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Top 5 Small-Cap Stocks In The Services Sector With The Highest Cash (MGI, LCC, CBD, ALK, JBLU)
Monday, January 4, 2010 - 8:41am | 184Below are the top 5 small-cap services stocks on the NASDAQ and the NYSE in terms of cash. The total cash at Moneygram International Inc (NYSE: MGI) is $3.90 billion. MGI’s market capitalization is $237.6 million. MGI provides payment services across the world. The total cash at US Airways Group...