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Black Friday Sale Starts Off Strong
Friday, November 27, 2009 - 1:44pm | 198Black Friday sales started on a strong note this year with bargain hunters turning out in hordes. Mass merchants like Wal-Mart Stores (NYSE: WMT) Inc. and Target Corp.(NYSE: TGT), as well as lower-end department stores like J.C. Penney Co.(NYSE: JCP) and electronics retailer Best Buy Inc.(NYSE: BBY...
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Will Heavy Rush at Retailers’ Translate Into High Sales?
Friday, November 27, 2009 - 11:28am | 161Black Friday, often the single busiest shopping day of the crucial holiday season, is being watched very closely by the US market for any weakness in consumer spending. According to the National Retail Federation, up to 134 million US consumers are ready to shop for holiday gifts this weekend...
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Ready, Set, Go!
Wednesday, November 25, 2009 - 12:20pm | 5511 day and counting till Black Friday! Retailers like Walmart (WMT) , Kohls (KSS), Sears (SHLD) , Target(TGT) and Amazon (AMZN) wait all year long just for this one day. It is the day that they are supposed to turn profitable on the year, hence the term “Black Friday”. With the economy still...
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iPhone On Offer At Tesco (TESO) Supermarkets In The UK
Wednesday, November 25, 2009 - 10:30am | 180According to TechCrunch , the iPhone 3G and 3GS handsets are expected to be available at Tesco (NASDAQ: TESO) stores and online through Tesco Direct throughout the UK. Tesco Mobile is a joint venture between the retail giant and wireless carrier O2. Though products are branded Tesco Mobile, they...
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JP Morgan Likes WMT, DLTR, KSS, M
Tuesday, November 24, 2009 - 8:26pm | 125JP Morgan (NYSE: JPM) analyst Charles Grom said on CNBC's Fast Money that investors should own Wal-Mart Stores (NYSE: WMT) and Dollar Tree (NASDAQ: DLTR) ahead of Black Friday. He said that these two stocks should be looked as a balance in the portfolio that should also consist of a little bit...
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Defensive Stocks Hit Recent Highs (JNJ, WMT)
Tuesday, November 24, 2009 - 6:53pm | 110Two defensive stalwarts, Wal-Mart (NYSE: WMT) and Johnson & Johnson (NYSE: JNJ) have both hit recent highs. Johnson & Johnson is actually sitting near its 52 week high currently. A general movement into more stable, low-beta, and higher yielding investments have helped these two stocks...
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Jon Najarian Likes WMT, TGT And BBY
Monday, November 23, 2009 - 5:48pm | 121The OptionMonster.com co-founder Jon Najarian is bullish on retailers. He said in CNBC's Fast Money that he holds a long position on Wal-Mart Stores (NYSE: WMT), Target (NYSE: TGT) and Best Buy (NYSE: BBY), and believes that these stocks will go higher. Jon Najarian added that the price war between...
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Walmart (WMT) Stuffs Thanksgiving Weekend With Three Days of Savings
Monday, November 23, 2009 - 8:02am | 65Walmart (NYSE: WMT) announced that it will help shoppers get a jumpstart on Christmas shopping by offering unbeatable prices(1) on hundreds of items via a string of Thanksgiving-weekend-savings events. Beginning at 5 a.m. on Nov. 27, store items from electronics to toys to apparel will feature...
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Natural Gas Down 12% on the Month; True Indicator of State of Economy
Sunday, November 22, 2009 - 2:45pm | 1117While trying to avoid US government reports as much as possible due to their lack of accuracy and "sunny side up" disposition, there are some much better places to look for a reality check. On the consumer side of the equation I like to review the results of Walmart (WMT) and Target (TGT), and on...
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Fast Money Picks For November 23rd (KR, WMT, BAC, MYL)
Saturday, November 21, 2009 - 10:04am | 127CNBC's Fast Money Steve Grasso thinks it would be a good idea to buy Wal-Mart Stores, Inc. (NYSE: WMT) on Monday. He added that they are doing everything to stay competitive with their prices. Wal-Mart Stores (WMT) dropped 0.48% on Friday. Joe Terranova likes The Kroger Co. (NYSE: KR) as the food...
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Jim Cramer Not Ready To Shop At Sears (SHLD)
Thursday, November 19, 2009 - 4:00pm | 173Although Jim Cramer likes some of things Sears Holdings (Nasdaq: SHLD) and Eddie Lampert are doing, Cramer is not ready to buy SHLD. Cramer said don't look at how Sears is trading today and automatically think Sears reported bad quarterly results. He said several retailers reported great numbers...
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Walmart (WMT) Boss Warns Competitors
Thursday, November 19, 2009 - 1:18pm | 170Walmart.com has waged a price war against Amazon.com a month back with deep discounts on some of its best selling books. Now, the CEO of Walmart CEO Raul Vasquez has warned competitors that they would be hit hard if they tried to wage another online price war. He has declared that if competitors...
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Wal-Mart Puts Active
Thursday, November 19, 2009 - 12:28pm | 150Wal-Mart (NYSE: WMT) has been on a tear over the last month and is currently butting against a nine month high. Taking a quick look at the chart, you will see that the Bollinger-bands are at extreme angles, especially for such a low vol stock like Wal-Mart. As much as I like the stock, I believe...
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BJ's Wholesale Club Reports Q3 Results
Wednesday, November 18, 2009 - 8:22am | 73BJ's Wholesale Club Inc (NYSE: BJ) has reported its Q3 net income at $17.7 million, or $0.32 per diluted share, vs $0.48 per diluted share. These results included a charge of $11.7 million pre-tax, or $0.13 per diluted share. Other highlights of the results were: • Net sales rose by 2.0% to $2.45...
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George Soros Reveals Stake in Ford (F), Adds to Walmart (WMT), Cuts Position in Petrobras (PBR)
Tuesday, November 17, 2009 - 12:24pm | 1487It's that time of quarter - when the whales of investing have to reveal what they are doing on the long side to the SEC (they can still keep secret their shorts). There are a lot of websites that will be looking at these disclosures in the next 48 hours so we'll just focus on a few. When I did...