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Wednesday, February 22, 2012 - 5:42pm
Stocks Fall In Light Trade
A day after a highly anticipated (and fretted about) Greek debt deal was announced, which briefly pushed the Dow Jones Industrial Average over 13,000, the U.S. stock market recorded modest losses. The Dow shed 27 points and closed at just above 12,938. The widely watched blue-chip index traded in a...
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Garmin Continues Its Torrid Run; Stock Up 9% on Q4 Earnings
Wednesday, February 22, 2012 - 4:15pmGarmin (NASDAQ: GRMN) released its Q4 earnings results on Wednesday prior to the opening bell. The company posted earnings of $165.6 million or $0.85 per share, compared to $132.9 million or $0.68 per share, in the year ago period. On an adjusted basis, which is comparable to analysts' consensus...
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Dell Falls 6% After Q4 Earnings
Wednesday, February 22, 2012 - 3:29pm
Dell Inc. (NASDAQ: DELL) Released its Q4 earnings results on Tuesday after the closing bell. The company reported net income for the quarter of $764 million or $0.43 per share, versus $927 million or $0.48 per share, in the year ago period. On a non-GAAP basis, which is comparable to analysts'...
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Brightpoint Down 10% After Losing Corporate Customer
Wednesday, February 22, 2012 - 3:19pmShares of Brightpoint (NASDAQ: CELL) are down more than 10% after the company lost a key corporate customer. The company today announced that its subsidiary, Brightpoint North America L.P., was notified that one of its logistic services customers will begin transitioning to a different service...
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Wednesday, February 22, 2012 - 2:47pm
Four More LatAm ETFs Your Broker Forgot to Mention
A while back, we scoured the universe of exchange traded funds offering exposure to Latin America to find some unheralded but potentially lucrative plays. That list had a couple of Brazil-heavy funds and a couple of ex-Brazil plays. All experienced their share of struggles last year and all have...
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Brown's Expansion of Managed Care Pilot Would Be 'Premature' -CaliHealthLine
Wednesday, February 22, 2012 - 2:37pmRead more here.
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UPDATE: Morgan Keegan Raises PT to $62 on Cracker Barrel Old Country Store
Wednesday, February 22, 2012 - 1:55pmMorgan Keegan raises its price target to $62 on Outperform-rated Cracker Barrel Old Country Store (NASDAQ: CBRL) on raised projections driven by strong operating momentum. Morgan Keegan says, "FY12 EPS guidance raised to $4.20-4.35 from $4.10-4.25 reflecting higher SSS target of +1.0-2.0% for...
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UPDATE: Deutsche Bank Raises PT to $94 on Dollar Tree
Wednesday, February 22, 2012 - 1:52pmDeutsche Bank maintains its Buy rating on Dollar Tree (NASDAQ: DLTR) and raises its price target to $94 from $89 a share on Q1 and 2012 guidance. Deutsche Bank says, "DLTR provided initial 2012 EPS guidance of $4.65-$4.90, bracketing the Street's estimate of $4.78. This is based on SSS guidance...
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UPDATE: Jefferies Raises PT to $44 on Home Depot
Wednesday, February 22, 2012 - 1:37pmJefferies raises its price targe ton Hold-rated Home Depot (NYSE: HD) to $44 from $42 on a quarter that looked good beyond weather advantages. Jefferies says, "HD reported 4Q diluted EPS $0.08 better than our estimate and the Street, including a lower than expected tax rate, which contributed...
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Wednesday, February 22, 2012 - 1:21pm
Exploiting High Oil Prices The Small-Cap ETF Way (IOIL, RSXJ, PSCE)
It may not be a wonderful Wednesday for equities and some commodities, but oil just keeps on chugging higher. As of this writing, the United States Brent Oil Fund (NYSE: BNO) is up 1.3%, trading just pennies below a new 52-week high that was touched earlier in the session and looks poised to...
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