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Why Best Buy Is A Favorite Hardline Retailer Heading Into Its Q2 Results
Wednesday, August 16, 2017 - 10:42am | 572Previewing Best Buy Co Inc (NYSE: BBY)'s second-quarter results, which are due before the market open Aug. 29, Loop Capital Markets said the electronics retailer remains one of its favorite idea in the specialty hardline retailing space. Accordingly, the firm reiterated its Buy rating and $...
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Retail Earnings Parade Continues: Home Depot, Lowe's In The Spotlight
Sunday, May 15, 2016 - 1:37pm | 606The big retailers continue taking their turns on the earnings stage this week. Highlights include the most recent quarterly results from two leading home improvement superstore operators. Wall Street analysts are looking for solid earnings growth from each of them. So far, the most recent...
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Retail Earnings Parade Begins: Target, Wal-Mart In The Spotlight
Sunday, May 15, 2016 - 1:37pm | 586The big retailers continue taking their turns on the earnings stage this week. Highlights include the most recent quarterly results from two leading big-box retailers. Wall Street analysts are looking for earnings growth from one but revenue declines from both. So far, the most recent quarterly...
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Hhgregg Names CFO Robert Riesbeck As CEO
Wednesday, February 17, 2016 - 9:38am | 172Hhgregg, Inc. (NYSE: HGG) announced on Tuesday that its President and CEO, Dennis L. May, has stepped down from his role to "pursue other opportunities", effective immediately. May has been with the company for 17 years and will also give up his board seat. The departing executive...
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3 Retailers The Shorts Are Selling
Thursday, June 12, 2014 - 10:46am | 903Among the struggling U.S.-based retailers, Avon Products (NYSE: AVP), Barnes & Noble (NYSE: BKS) and Sears Holdings (NASDAQ: SHLD) saw significant upswings in short interest between the May 15 and May 30 settlement dates. The number of shares sold short in Best Buy and J.C. Penney swelled more...
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Market Wrap For April 16: Markets Hold On To Gains On Positive Yellen Comments And Economic Data
Wednesday, April 16, 2014 - 4:50pm | 2676U.S. stocks held on to strong gains as U.S. industrial production rose more than projected. The Fed confirmed it will maintain a "friendly" policy that will support the economic recovery. According to Fed Chief Janet Yellen there are three main concerns the central bank is facing. Specifically...
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Market Wrap For April 15: Who Doesn't Love A Turnaround?
Tuesday, April 15, 2014 - 4:30pm | 2505U.S. stock futures were pointing towards a modestly higher open as investors found enough optimism from Dow components Coca-Cola and Johnson & Johnson who both reported better than expected quarterly results. Investors were further spooked by reports of pro-Russian separatists taking...
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Short Sellers Pick Up Some Avon And GameStop (AVP, GME, ODP)
Thursday, February 13, 2014 - 1:49pm | 846In the final two weeks of January, when it had become clear how the holiday shopping season had shaken out and the markets seemed to be undergoing a correction, Avon Products (NYSE: AVP),GameStop (NYSE: GME) and Office Depot (NYSE: ODP) saw significant upswings in short interest. Other struggling...
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Market Wrap For February 11: Yellen Re-assures Markets & Wakes Up The Sleeping Bulls
Tuesday, February 11, 2014 - 5:47pm | 3158U.S. stocks rose on Tuesday as the Federal Reserve's new Chief Janet Yellen reassured investors that she is the right person for the job. In her congressional testimony, Yellen promised to stay the course in regards to the Federal Open Market Committee's approach to monetary policy. Yellen also...
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Market Wrap For January 30: Markets Focus on Good News
Thursday, January 30, 2014 - 6:06pm | 2831U.S. stocks rose on Thursday as investors and traders focused on the positives. Data showed that the economy expanded in the fourth quarter as consumer spending gained traction. "Today the market is focused on the good news, or the developed world," Bill Stone, chief investment strategist at...
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Market Wrap For January 24: Fear Is Back In The Markets
Friday, January 24, 2014 - 5:30pm | 2424Major indices continued to plummet on Friday with no economic data released that could rejuvenate the market. Investors remain worried about a Chinese slowdown, a mixed-bag of corporate results on Wall Street and possible further tapering just around the corner as the Fed meets again next...
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Market Wrap For January 6: Busy Day For Analysts Upgrades and Downgrades
Monday, January 6, 2014 - 5:58pm | 2261Monday's trading session featured a plethora of analyst upgrades and downgrades. With little key economic data released, markets were relatively tame as major indices failing to meaningfully move in any one direction. The Senate appears to be set to officially Janet Yellen to lead the Federal...
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Retailers Hoping for a Black Friday Miracle (BBY, JCP, RSH, SHLD)
Tuesday, November 20, 2012 - 4:26pm | 845A number of retailers have struggled in 2012, most notably Best Buy (NYSE: BBY), JCPenney (NYSE: JCP), RadioShack (NYSE: RSH) and Sears Holdings (NYSE: SHLD). All have seen their stocks fall notably. However, given their vulnerable states, modest successes this holiday season might result in...
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UPDATE: JP Morgan Lowers PT on Hhgregg from $18.00 to $15.00
Friday, August 5, 2011 - 8:44am | 114J.P. Morgan has published a research report on hhgregg lowering the price target on the electronics retailer. In the report, J.P. Morgan wrote, "Concerns continue to weigh with no near-term stock-specific catalysts. For the next month plus, we believe investors will remain apathetic to the stock...
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J.P. Morgan Lowers PT but Remains Neutral on HGG
Friday, May 27, 2011 - 8:10am | 93According to a recent report, J.P. Morgan has lowered the price target of hhgregg (NYSE: HGG) from $19.00 to $18.00 and reiterate a Neutral rating on the company. In the report, J.P. Morgan said, "We don't believe the stock will start to get the benefit of the doubt until the back half of this...