According to Reuters, US Steel (X) will buy Canadian steel company Stelco for $1.1 billion. Reuters writes that Singapore’s state-owned Temasek Holdings has approached Nasdaq (NDAQ) about buying its stake in the…
Wal-Mart’s (WMT) shares are running. After a tough quarter, they dropped to under $43, but are moving toward $44 today, up 1.7% on rumors that a Chinese institutional investment fund could buy…
Dell (DELL) came out with a set of cool PCs with fancy colors and better displays. They are aimed at the consumer market. In the past DELL was mostly a direct seller…
Below are short interest figures for major companies traded on the NYSE as of August 15 compared to July 13, 2007 Largest Short Positions Ford (F) …
Earlier this morning, Wal-Mart (NYSE:WMT) announced the launch of its own "DRM-free" MP3 music downloads. Those wanting the service can download from Walmart.com at $0.94/song and $9.22/album. The new MP3 digital format…
Target Corp. (NYSE:TGT) reported in-line earnings and gave guidance that was basically in-line with prior targets. The retail giant posted $0.80 EPS against $0.80 estimates, and revenues were $14.62 Billion versus $14.67…
Wat-Mart (WMT) is the latest US firm to get embroiled in the quality problems with Chinese products. According to The Associated Press, the sweethearts at WMT have yanked Chicken Jerky Strips from…
Douglas A. McIntyre Target Corp. (NYSE:TGT) will report earnings Tuesday morning with a conference call to follow. Shares closed up Friday but are down with the market today. First Call is expecting EPS to be…
Target Corp. (NYSE:TGT) reports earnings on Tuesday, and it traded up with the broader market today. Shares closed up 2.3% at $61.18. First Call is expecting EPS to be $0.80 on revenues…
According to Reuters, Dell (DELL) will restate four years of results after an audit that lasted over a year. Reuters writes that Bear Steans (BSC) will cut 240 jobs in its sub-prime…
It is always good to remember that just because stocks trade at intraday lows, it doesn’t mean that they are going to stay that way or that they are going to roll…
Retail behemoth Wal-Mart (NYSE:WMT) has graced us today with a dubious 52-week low. If this gets under and closes under $43.48, then Wal-Mart stock will be riding a true 52-week low. On…
Douglas A. McIntyre Wal-Mart’s (WMT) quarterly numbers were awful and they sent the company’s shares to a new 52-week low of $43.52. The 52-week high is $52.15. The weakest part of the retail chain is…
Douglas A. McIntyre Dell (DELL) has moved to sell its PCs through retail outlets like Wal-Mart (WMT) Now, it wants to help retailers run their businesses. The computer company has married itself up with the…
Wal-Mart (WMT) reported that net sales for the second quarter of fiscal year 2008 were $91.99 billion, an increase of 8.8 percent over the second quarter of fiscal year 2007. Income from…
Douglas A. McIntyre