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Monday's Market Minute: This Week's Market Preview
Monday, February 22, 2021 - 11:20am | 495Read More...We have a few things to keep an eye on this week that could move markets. First, in terms of economic data, it's a very busy week: we have Leading Indicators, the Dallas Fed Manufacturing Survey, and the Chicago Fed National Activity Index. Tuesday, Fed Chairman Jerome Powell begins his two-day...
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Monday's Market Minute: Previewing The Holiday Week
Monday, November 23, 2020 - 10:31am | 518Read More...Let’s take a minute to get ahead of a busy week to come. First, don’t forget we have holiday trading hours for many products this Wednesday, Thursday, and Friday, so be sure to check the schedule and be aware of any changes to trading hours for the products you have positions in. Now,...
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Monday's Market Minute: Equities Advance As Consumers Embrace Home Improvement
Monday, August 24, 2020 - 10:22am | 490Read More...With U.S. indices near all-time highs, this week’s focus continues to be on the consumer and existing trends that have developed throughout the pandemic. We closed last week with better-than-expected economic data, and this morning there’s some optimism related to efforts from the...
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FedEx's Delivery Service Aimed at Extending Online Fulfillment Cut-Off Times
Tuesday, December 18, 2018 - 6:56pm | 360Read More...FedEx Corp. (NYSE: FDX) said it has launched a service allowing participating retailers to fulfill online orders 5 to 8 hours later than usual while providing consumers with next-day deliveries in local markets and two-day deliveries across the continental US. Through the service, dubbed "...
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A Brewing Battle: Apple Pay Vs. MCX CurrentC
Monday, October 27, 2014 - 2:41pm | 669Read More...News broke over the weekend that Rite Aid Corporation (NYSE: RAD) and CVS Corporation (NYSE: CVS) had disabled Apple Inc.’s (NASDAQ: AAPL) Apple Pay mobile wallet payment system in their stores. The story behind the story told of a mobile payment battle involving Apple, a number of...
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Barclays Raises GoPro Inc Price Target, Struggles With Valuation
Tuesday, October 7, 2014 - 9:28am | 228Read More...Barclays raised its price target Tuesday for GroPro Inc (NASDAQ: GPRO) from $45 to $60, but maintained an Equal-Weight rating. The price target is well below the stock's Monday close of $93.79. Analyst Joseph Wolf noted that “expectations and enthusiasm support the stock” while...
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eBay CEO Emails 40 Million Users in Massive Anti-Legislation Campaign
Monday, April 22, 2013 - 9:46am | 563Read More...If you ask eBay (NASDAQ: EBAY) CEO John Donahoe, the proposed Marketplace Fairness Act legislation is anything but. To make his point, he began emailing at least 40 million eBay users Sunday, according to Reuters. Brian Bieron, senior director of global public policy at eBay, said, "It's the...
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Deutsche Bank Previews Upcoming 1Q11 Report on BBY
Monday, June 13, 2011 - 7:43am | 100Read More...According to a recent report from Deutsche Bank, Best Buy (NYSE: BBY) is expected to report 1Q11 tomorrow. Deutsche Bank believes that although leading indicators point to a softer quarter, reports will be no worse than expected. Deutsche Bank maintains a price target of $37.00 on BBY. In the...
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Piper Jaffray Reiterates Overweight Rating On BBY
Friday, April 15, 2011 - 7:32am | 82Read More...Piper Jaffray, after attending Best Buy (NYSE: BBY)'s 2011 Analyst Day, is reiterating its Overweight rating on the company. A price target of $39 is maintained, also. In the report, Piper Jaffray writes, “Management was focused on three main initiatives including connected solutions growth,...
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Citi Previews Upcoming BBY Analyst Day
Friday, April 8, 2011 - 9:01am | 136Read More...Best Buy (NYSE: BBY) will be holding an analyst day, its first in roughly five years, next week and Citi believes management will focus on high-growth opportunities, international opportunities, margin expansion initiatives and prospects for its big box format. Citi believes that this will be...
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Wedbush Reports Best Buy Q4 Profitability Exceeds Expectations
Friday, March 25, 2011 - 9:53am | 118Read More...According to Wedbush, Best Buy (NYSE: BBY) Q4 profitability exceeded expectations. Wedbush reported that revenue was $16.3 billion, compared with our estimate of $17.0 billion and consensus of $16.3 billion. “EPS was $1.98 (excluding $0.36/share of restructuring charges), compared with our...
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Deutsche Bank Reports Positives And Negatives On Best Buy
Friday, March 25, 2011 - 8:35am | 116Read More...According to Deutsche Bank, Best Buy (NYSE: BBY) is seeing some positives and some negatives. Deutsche Bank reported that 4Q11 results were about as expected at $1.98 versus consensus of $1.85, but most of the upside from a lower tax rate. “Comps were down 5.5% domestically, again about in line...
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Jefferies Lowers PT On Best Buy (NYSE: BBY) From $38 to $35 And Maintains Hold Rating
Tuesday, March 22, 2011 - 7:27am | 22Read More...Jefferies Lowers PT On Best Buy (NYSE: BBY) From $38 to $35 And Maintains Hold Rating
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Goldman Sachs Color On BBY Restructuring
Tuesday, February 22, 2011 - 11:31am | 223Read More...Best Buy Co., Inc. (NYSE: BBY) announced a series of changes to store opening plans, as well as other minor restructuring moves, that will result in a more streamlined growth strategy, and cost savings amounting to $0.07 per share in 2011 and $0.10-$0.11 per share in 2012, as well as charges in the...
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Piper Jaffray Encouraged By New BBY Buy Back Program
Monday, February 7, 2011 - 9:00am | 102Read More...In a report released this morning, Piper Jaffray said that it is encouraged by Best Buy Co., Inc.'s (NYSE: BBY) new Buy Back Program that was launched in a commercial during yesterday's Super Bowl. “The purpose of the program is to ‘future-proof' technology purchases through BBY's promise to...
