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Company News for November 17, 2009 - Corporate Summary
Tuesday, November 17, 2009 - 10:39am | 205• Home Depot (NYSE:HD) topped estimates by a nickel as earnings for the third quarter reached 41 cents, on inline revenues of $16.36 billion, down 8%. Comparable sales fell 6.9%. The company issued 2010 guidance of $1.55, slightly ahead of $1.53 projections. According to the firm, "There is still a...
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Costco (COST) Will Not Carry Coke (KO) Products: Price Negotiation A Major Issue
Tuesday, November 17, 2009 - 9:05am | 86A pricing dispute between Cola major Coca – Cola (NYSE: KO) and warehousing giant Costco (NASDAQ: COST) has resulted in the latter refusing to carry Coca-Cola products in its stores nationwide. Costco has declined to comment on the issue but its executives confirmed the news. Coca-Cola has said...
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Goldman Tallies Holiday Retail Leaders (AMZN, WMT, TGT)
Monday, November 16, 2009 - 4:53pm | 140Goldman Sachs issued an update on the leading holiday retail stocks. The bank compared the pricing of holiday gifts and electronics for the largest on- and off-line U.S. retailers. The report said that Amazon (Nasdaq: AMZN) has the lowest prices in both the toy and consumer electronics segments...
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Stock Market News for November 16, 2009 - Market News
Monday, November 16, 2009 - 10:07am | 453U.S. stocks rose Friday, for their second consecutive weekly advance, as upbeat earnings reports from a number of companies, including Walt Disney and JC Penny, spurred optimism that the economic recovery is gaining momentum. A dip in the value of dollar, on concerns consumer spending is likely to...
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J.C.Pennny Co. (JCP) also joins other retail chains with poor Q3
Friday, November 13, 2009 - 10:54am | 93Despite J.C.Penny Co. (NYSE: JCP) coping up with a 78% plunge in profit on year to year basis, company has released a better guidance for next which includes the upcoming holiday season. With the dismal performance, J.C.Penny Co. (JCP) has joined some other reputed retail chains like Wal-Mart...
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Cramer is Bullish on Costco Wholesale Corporation (NASDAQ: COST)
Friday, November 13, 2009 - 10:38am | 155CNBC’s Mad Money Jim Cramer yesterday said that Costco Wholesale Corporation is on a tear. Costco jumped around 20% after Cramer said he liked COST. Costco announced a better than expected results in October and its same store sales increased by 5% for October beating Wall Street’s estimates of 4....
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Retail Stocks Show Signs Of Recovery Despite Economy (WMT, XRT, M, KSS, TGT)
Thursday, November 12, 2009 - 1:36pm | 386Now that Christmas is approaching, consumer spending should start to pick-up. However, the current situation with the economy can seriously affect how much the public will spend on the holidays. Despite some companies posting higher then expected sales, the retail industry still desperately needs...
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Post Healthy Results by WMT, KSS, Retail Stocks Rise
Thursday, November 12, 2009 - 11:51am | 253Post robust results posted by Wal-Mart (NYSE: WMT), investors are showing interest in retail stocks. This is reflected in a 0.46% rise in the S&P Retail Index to 405.70. Wal-Mart Stores Inc (NYSE: WMT), the retail giant, posted a 3.2% rise in its Q3 profits, aided by inventory control and high...
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Company News for November 12, 2009 - Corporate Summary
Thursday, November 12, 2009 - 10:26am | 395• Wal-Mart (NYSE:WMT) reported estimate-topping results of 84 cents a share, three cents above Zacks estimates of 81 cents, on revenues of $98.67 billion, slightly below estimates of $99.50 billion. Comparable sales eased 0.4% from last year. The firm raised fourth quarter and full-year guidance to...
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Stock Market News for November 12, 2009 - Market News
Thursday, November 12, 2009 - 10:23am | 457With no economic reports on Wednesday and bond markets closed for the Veteran’s Day, Wall Street was witness to a quiet trading session, but stocks managed to inch higher on expectations interest rates would remain at a record low for some time. Also, strong Chinese manufacturing and retail sales...
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Benzinga’s Top Pre- Market Gainers (WMT, COMS, DRYS, CTRP, ADUS, MAIL, RNWK, PVTB, GIGM, CBEY)
Thursday, November 12, 2009 - 9:55am | 269Wal-Mart Stores, Inc. (NYSE: WMT) moved up by 0.15% at $53.05 after announcing its quarterly results. In the last one month, WMT gained 6%. 3Com Corporation (NASDAQ: COMS) rose 32.51% at $7.55 in the pre-market trading. Yesterday, COMS closed at $5.69. The 52 week trading range for the stock is $1...
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Wal-Mart Store Inc. (WMT) may face some selling pressure
Thursday, November 12, 2009 - 9:32am | 114Wal-Mart Stores Inc. (NYSE: WMT) may face some selling pressure on Thursday, as Wal-Mart Stores Inc. (WMT) had already run up in anticipation of better Q3 results earlier this week. However, a mooted guidance released by Wal-Mart Stores Inc. (WMT) for Q4 revenues has belied their expectations. Wal...
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Wal-Mart Stores Inc.,(WMT) Reports 3Q Profit Up by 3.2%
Thursday, November 12, 2009 - 9:10am | 80Wal-Mart Stores Inc., (NYSE: WMT) reported third-quarter profit rose 3.2 percent. The higher profit is achieved by inventory management. Net income increased to $3.24B, or 84 cents a share, in the period ended Oct. 31, from $3.14B, or 80 cents, a year earlier Walmart has accelerated efforts to...
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Wal-Mart Stores, Inc. (NYSE: WMT) declines on Results
Thursday, November 12, 2009 - 8:43am | 123Wal-Mart Stores, Inc. (NYSE: WMT) today reported third quarter profit of $3.24 billion, or $0.84 per share, compared to $3.14 billion, or $0.80 a share, in the year-ago period. Total sales were $99.4 billion, up from $98.3 billion in the third quarter of 2008. Walmart expected profit of $0.78 to $0...
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WMT reports Q3 results; raises guidance
Thursday, November 12, 2009 - 8:40am | 101Wal-Mart Stores Inc (NYSE: WMT) reported its FQ3 profits per share from continuing operations at $0.84, beating consensus estimates of analysts surveyed by Bloomberg by $0.03. WMT’s net sales for the quarter were $98.667 billion, reflecting a y/y increase of 1.1%. With about $3.6 billion of free...