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AnalystMovesAKSCOL
From: Market News Video on Tue, May 24 2011 10:47 AM
This morning, Morgan Stanley upgraded shares of AK Steel (AKS) from equal weight to overweight as the company has been able to expand its margins. With the upgrade, Morgan Stanley set a price target of $24 per share.
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RetailNewsAutoZoneCharmingShoppes
From: Market News Video on Tue, May 24 2011 10:47 AM
Auto parts retailer AutoZone (AZO) posted fiscal third quarter earnings today that rose 12%, to $227.4 million, or $5.29 per share, from $202.7 million, or $4.12 per share, last year. Net sales rose 8.6%, to $2 billion, on same-store sales growth of 5.3%, beating analyst expectations.
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FortuneBrandsSellsGolfUnit
From: Market News Video on Fri, May 20 2011 10:28 PM
Fortune Brands (FO) took the latest step in its plans to separate into three units today, announcing it has agreed to sell its Acushnet Company golf business to a group led by Fila Korea and Mirae Asset Private Equity, for $1.225 billion in cash. Fortune Brands said it will realize net ...
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RetailEarningsAftertheBellGapFootLockerAeropostale
From: Market News Video on Fri, May 20 2011 10:28 PM
Clothing retailer Gap (GPS) said late yesterday that lower sales and higher costs led to a decline in earnings. Profits fell to $233 million, or $0.40 per share, from $302 million, or $0.45 per share, in last years first quarter.
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AnalystMovesADSKBRCD
From: Market News Video on Fri, May 20 2011 10:28 PM
This morning, Goldman Sachs increased its EPS estimates on shares of Autodesk (ADSK) through 2014 as the company is increasing sales and margins. With the higher earnings estimates, Goldman set a new price target on $52 per share and maintained its buy rating.
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AnalystMovesDLTRBLK
From: Market News Video on Fri, May 20 2011 10:28 PM
This morning, Goldman Sachs increased its EPS estimates on shares of Dollar Tree (DLTR) through 2013 as higher sales should lead to better earnings. In the report, Goldman set a new price target on $69 per share while maintaining its buy rating.
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AllstatetoAcquireUnitsfromWhiteMountainsInsuranceGroup
From: Market News Video on Wed, May 18 2011 11:06 PM
Allstate (ALL) said today it has agreed to acquire Esurance and Answer Financial from White Mountains Insurance Group (WTM) for $700 million plus the tangible book value of the assets at close, expected to bring the total purchase price to $1 billion. Esurance provides online auto insur...
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ApparelRetailersAbercrombieColdwaterCreek
From: Market News Video on Wed, May 18 2011 11:06 PM
Teen apparel retailer Abercrombie & Fitch (ANF) said today it swung to a fiscal first quarter profit. Net income totaled $25.1 million, or $0.28 per share, compared to a loss of $11.8 million, or $0.13 per share, in last year’s first quarter.
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AnalystMovesADICOKE
From: Market News Video on Wed, May 18 2011 11:06 PM
This morning, Goldman Sachs increased its price target on shares of Analog Devices (ADI) to $40 as the company has grown sales and margins over the past few quarters. With the higher price target, Goldman maintained its neutral rating.
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AnalystMovesWMTDELL
From: Market News Video on Wed, May 18 2011 11:06 PM
This morning, Citigroup increased its price target on shares of Wal-Mart (WMT) from $63 up to $70 following strong first quarter results. With the higher price target, Citigroup maintained its buy rating.
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NASDAQICEWithdrawNYSEBid
From: Market News Video on Tue, May 17 2011 9:52 AM
The NASDAQ OMX Group (NDAQ) and IntercontinentalExchange (ICE) said today they are withdrawing their acquisition off for NYSE Euronext (NYX). NASDAQ OMX and ICE said discussions with the Antitrust Division of the US Department of Justice made it clear that they would not receive regulato...
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AnalystMovesAPAMRK
From: Market News Video on Tue, May 17 2011 9:52 AM
This morning, Morgan Stanley increased its price target on shares of Apache (APA) to $150 as the firm believes the company is well positioned for future growth. With the higher price target, Morgan Stanley increased its EPS estimates and reiterated its overweight rating.
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StrykertoAcquireOrthovita
From: Market News Video on Tue, May 17 2011 9:52 AM
Orthopedic devices and medical equipment maker Styker Corporation (SYK) said today it has agreed to acquire orthobiologic and biosurgery products developer Orthovita (VITA) for $3.85 per share. The total value of the transaction, including $12 million in debt, is $316 million.
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StockMarketVideosMarketsSpikeThenFallOnEconomicWorries
From: Market News Video on Tue, May 17 2011 9:52 AM
The markets started the day lower and rallied sharply higher as the Dollar fell. However, continued fear over Europe and the global economy has sent many buyers into hiding.
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DollarThriftytoCooperateWithHertzonAntitrustClearance
From: Market News Video on Sat, May 14 2011 12:24 AM
Car rental company Dollar Thrifty Automotive (DTG) said late yesterday it has agreed to cooperate with Hertz Global Holdings (HTZ) regarding Hertz efforts to pursue antitrust regulatory clearance for its proposed buyout of Dollar Thrifty. Dollar Thriftys board has previously said it will...
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FridaySectorLeadersFoodAirServices
From: Market News Video on Sat, May 14 2011 12:24 AM
In trading on Friday, food shares were relative leaders, up on the day by about 0.2%. Leading the group were shares of Dean Foods (DF), up about 11.3% and shares of Darling International (DAR) up about 9.5% on the day.
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WeeklyMarketWrap5132011
From: Market News Video on Sat, May 14 2011 12:24 AM
The nineteenth trading week of the year comes to a close as investors fret about falling commodity prices and the Greek debt crisis. Hi.
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EarningsTuesdayDeanFoodsHelenofTroyEWScrippsWarnerMusicGroup
From: Market News Video on Tue, May 10 2011 11:59 PM
Dean Foods (DF) reported first quarter earnings that beat analyst expectations today. Profits totaled $25.3 million, or $0.14 per share, compared to $43.2 million, or $0.24 per share, in last years first quarter.
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AnalystMovesGBLATVIHK
From: Market News Video on Tue, May 10 2011 11:59 PM
This morning, Bank of America upgraded shares of Gamco Investors (GBL) from neutral to buy as the company continues to grow sales organically. With the upgrade, Bank of America set a price target of $61 per share.
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TuesdaySectorLeadersSportingGoodsActivitiesAirlines
From: Market News Video on Tue, May 10 2011 11:59 PM
In trading on Tuesday, sporting goods & activities shares were relative leaders, up on the day by about 1.9%. Leading the group were shares of Vail Resorts (MTN), up about 4.3% and shares of Premier Exhibitions (PRXI) up about 2.8% on the day.
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