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Short Sellers Load Up More Best Buy and Sears (BEBE, BBY, SHLD)
Thursday, June 27, 2013 - 2:24pm | 918Read More...Overall, the short interest moves in troubled retail companies were mixed again during the first weeks of June. But, Bebe Stores (NASDAQ: BEBE), Best Buy (NYSE: BBY) and Sears Holdings (NASDAQ: SHLD), saw relatively large upswings in the period. The number of shares sold short in Avon Products (...
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Short Sellers Load Up on Best Buy and Sears (BBY, RAD, SHLD)
Saturday, June 15, 2013 - 8:06am | 1018Read More...Overall, the short interest moves in troubled retail companies were mixed again during the final weeks of May. But Best Buy (NYSE: BBY), Rite Aid (NYSE: RAD) and Sears Holdings (NASDAQ: SHLD) saw especially large upswings in the period. The number of shares sold short in Avon Products (NYSE:...
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PlayStation 3 and Xbox 360 to Receive Price Cut Ahead of Next-Gen
Thursday, May 30, 2013 - 11:30am | 691Read More...Now that Sony's (NYSE: SNE) PlayStation 4 and Microsoft's (NASDAQ: MSFT) Xbox One have been announced, the two companies are gearing up for the end of a very long console cycle. Microsoft's last console, Xbox 360, was released in 2005 and PlayStation 3 came out a year after that. Both machines...
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Costco Earnings Preview: Another Beat Expected
Wednesday, May 29, 2013 - 4:46pm | 609Read More...Where do you go if you want a trio pack of Plaza De Caviar? Three types of sturgeon for the bargain price of $199.99 is sitting at Costco (NYSE: COST) waiting for you along with 12 pounds of Anna’s All-Natural Honey for $54.99. Maybe you think there’s something a little too middle-class about...
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Abercrombie & Fitch Shrinks on Dry Earnings, Unstylish Guidance
Friday, May 24, 2013 - 9:47am | 455Read More...Abercrombie & Fitch Co. (NYSE: ANF) has taken a nosedive on Friday after posting woeful first-quarter results and very weak 2013 guidance. The New Albany, Ohio-based firm's net loss per share declined from $0.25 in Q1 2012 to $0.09, but missed the Wall Street consensus of $0.05. Revenue...
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Benzinga Market Primer: Thursday May 23
Thursday, May 23, 2013 - 6:06am | 820Read More...Things went from euphoric to worrisome on Wednesday as the Dow saw a 200 point swing. Technicians note that the charts show an outside reversal. In other words—cause for concern. There is a global selloff taking place this morning with the Dow poised to print a triple digit loss at the open....
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Target Decreases FY2013 Guidance, Shares Drop
Wednesday, May 22, 2013 - 3:07pm | 118Read More...Target (NYSE: TGT) reported Q1 FY2013 earnings Wednesday for the quarter that ended May 4, 2013. The company reported GAAP earnings of $498 million, or $0.77 per share, and adjusted GAAP earnings of $1.05 per share, down 5.0 percent from $1.11 in year-earlier adjusted EPS. Revenue came in at $...
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Benzinga Market Primer: Wednesday, May 22
Wednesday, May 22, 2013 - 6:34am | 908Read More...The markets reached another record high Tuesday as the Dow added 50 points and the S&P, nearly three points. All eyes will be on Fed Chairman Ben Bernanke’s testimony at 10:00 am EST Wednesday. Morning News S&P 500 futures are up 1.75 points to 1667.25. The EUR/USD was up at 0.19...
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Target Drops Wii U Price Ahead of Xbox Unveiling
Tuesday, May 21, 2013 - 11:17am | 603Read More...Is the timing coincidental or a sign of things to come? Target.com (NYSE: TGT) has lowered the price of Nintendo's (OTC: NTDOY) latest console, Wii U, from $299.99 to $239.99. According to GameSpot, Target has only chosen to reduce the price of the basic 8GB version. That is not the only Wii U-...
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Earnings Expectations for the Week of May 20
Sunday, May 19, 2013 - 11:22am | 1197Read More...The start of the retail earnings season last week was a mixed bag. Quarterly results from Walmart (NYSE: WMT), Kohl's (NYSE: KSS) and Nordstrom (NYSE: JWN) ranged from so-so to disappointing, while J.C. Penney (NYSE: JCP) posted a larger-than-expected net loss. Macy's (NYSE: M) was the standout,...
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Earnings Expectations for the Week of May 13
Sunday, May 12, 2013 - 2:29pm | 967Read More...It's time for the big retailers to step into the earnings spotlight once again. This week we will be hearing from Walmart, the king of retailers, which is expected to report some annual revenue and earnings growth. And then there is struggling J.C. Penney, from which analysts predict a deeper net...
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What? Amazon Favors an Internet Sales Tax?
Monday, March 25, 2013 - 8:24am | 580Read More...The (largely ceremonial) budget passed by the U.S. Senate Saturday included an amendment giving states more authority to collect sales taxes on Internet purchases. The sales tax amendment, according to Hispanic Business, was really designed to test support for the "Marketplace Fairness Act," a...
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Costco Earnings Preview: EPS and Revenue Growth Expected
Monday, March 11, 2013 - 12:27pm | 861Read More...Costco Wholesale (NASDAQ: COST), which saw strong same-store sales in February where other big retailers did not, is scheduled to report its second-quarter fiscal 2013 results Tuesday, March 12, before the markets open. Investors will be looking to see how the company has held up, with consumers...
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Barron's Recap for March 9: Wall Street's Favorite Guru
Saturday, March 9, 2013 - 3:55pm | 881Read More...This weekend in Barron's online: a profile of Howard Marks, investors return to online brokers, and the prospects for Bed Bath & Beyond, Live Nation Entertainment and Genworth Financial. Cover Story "Master of Disaster" by Jonathan R. Laing. This week's cover story is a profile of Howard...
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Icahn Enterprises, Sears Holdings and Other Stocks Insiders Are Buying
Saturday, March 9, 2013 - 3:55pm | 897Read More...Insiders may sell shares for any number of reasons, but there is really only one reason insiders buy shares of a company -- they believe the stock price will move higher and they want to profit from it. Pullbacks and sell-offs provide a perfect opportunity for investors who have faith in a...















