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Wednesday Laggards: Trucking

November 17, 2011   |   By: Forbes

In trading on Wednesday, trucking shares were relative laggards, down on the day by about 1.9%. Helping drag down the group were shares of Arkansas Best , off about 6.8% and shares of Universal Truckload Services Limited off about 6.4% on the day.

Also lagging the market Wednesday are apparel stores shares, down on the day by about 1.3% as a group, led down by Abercrombie & Fitch (nyse: ANF - news - Read More

Daily Market Wrap: November 16, 2011

November 17, 2011   |   By: Forbes

Continued fears over the European debt crisis kept stocks under pressure for much of the day, with light trading volume.

The Labor Department reported today that the consumer price index fell by a seasonally adjusted 0.1 percent in October. Excluding food and energy costs, the core reading of consumer prices rose 0.1 percent.

Also on the economic front, the Mortgage Bankers Association reported a drop in weekly mortgage applications last week.

Target (nyse: TGT - ... Read More

Netlist Shares Boosted By IBM, HP Deals

November 16, 2011   |   By: Forbes

Computer memory subsystems designer Netlist is trading higher today, with greater than usual volume, after it said in a regulatory filing late yesterday it had inked deals with both IBM and Hewlett-Packard .

Netlist (nasdaq: NLST - news - people ) said it agreed to... Read More

Research in Motion Unveils Two New Blackberrys

November 16, 2011   |   By: Forbes

Research in Motion unveiled its latest challengers in the smartphone market today.

It announced two new smartphones based on its Blackberry 7 operating system: the BlackBerry Bold 9790 and the BlackBerry Curve 9380.

The Curve 9380 is the first Curve smartphone with a touch display. RIM (nasdaq: RIMM - news - people ) said the new Curve continues... Read More

Home Depot Beats, Boosts; Staples Meets, Lowers

November 16, 2011   |   By: Forbes

The largest home improvement retailer in the nation, Home Depot posted third quarter earnings today that rose to $934 million, or $0.60 per share, from $834 million, or $0.51 per share, last year.

Revenue rose about 4%, to $17.3 billion, on a 4.2% increase in same-store sales. Results were ahead of analyst estimates.

Home Depot (nyse: HD - news - people )... Read More

Wal-Mart Profit Rises, Forecast Disappoints

November 16, 2011   |   By: Forbes

Wal-Mart reported fiscal third-quarter earnings Tuesday.

The world's largest retailer said net income totaled $3.34 billion, or $0.96 per share, compared to $3.44 billion, or $0.95 per share, when there were more shares outstanding.

Earnings from continuing operations totaled $0.97 per share, just short of analyst estimates.

Net sales rose 8.2%, to $109.5 billion, just ahead of analyst estimates.

Same-store sales rose 1.3% at the company's U.S. Wal-Mart (nyse: WMT - Read More

Retail Sales Rose in October, Exceeding Estimates

November 16, 2011   |   By: Forbes

As retailers gear up for the onset of the holiday shopping season, many released earnings today and the Commerce Depart reported retail sales rose last month.

Retail sales rose 0.5% in October, or 0.6% excluding auto sales.

The figure exceeded economist expectations, and compares to a 1.1% gain in September.

Wal-Mart (nyse: WMT - news - people ) and Home... Read More

Analyst Moves: AEE, FDX

November 16, 2011   |   By: Forbes

Ameren was upgraded today by Goldman Sachs from sell to neutral, as cost cutting moves are expected to add to the bottom line in upcoming quarters. Goldman set a $32 price target.

Shares are higher by about two tenths of a percent.

FedEx (nyse: FDX - news - people ) was upgraded today by Read More

Tuesday Sector Leaders: Entertainment, Cigarettes & Tobacco Stocks

November 16, 2011   |   By: Forbes

In trading on Tuesday, entertainment shares were relative leaders, up on the day by about 0.8%. Leading the group were shares of Tudou Holdings Limited Ads , up about 6.3% and shares of Lodgenet Interactive up about 6% on the day.

Also showing relative strength are cigarettes & tobacco shares, up on the day by about 0.7% as a group, led by Star Scientific (nasdaq: STSI - news - people ) ,... Read More

Analyst Moves: MDR, QEP

November 16, 2011   |   By: Forbes

McDermott International was downgraded today by Citigroup as they company issued weaker guidance. The bank set a $15 price target with a buy rating.

Shares are lower by 1.8 percent.

QEP Resources today had its numbers lowered by Goldman Sachs (nyse: GS - news - people ) due to lower resource estimages. Goldman... Read More

Daily Dividend Report: HD, MMM, LOW, BAX, CEL

November 16, 2011   |   By: Forbes

Home Depot Incorporated announced its quarterly dividend of 29 cents per share, an increase of about 16% over its prior dividend in August of 25 cents. The home improvement retailer also announced results Tuesday that beat expectations. The company also raised its 2011 earnings outlook.

Shares are lower by about three quarters of a percent.

In other dividend news, 3M (nyse: MMM - news - Read More

Daily Wrap: November 15, 2011

November 16, 2011   |   By: Forbes

News out of Italy regarding a new government gave a boost to US stocks today, although trading was choppy throughout the day.

Better than expected economic news came in the form of retail sales that rose 0.5 percent in October, or 0.6 percent excluding auto sales, according to the Commerce Department.

Among the major retailers reporting earnings today were Walmart and Home Depot (nyse: HD - news - ... Read More

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