Today retail giant Wal-Mart (NYSE: WMT) announced that starting Saturday Nov. 14 they will give shoppers a $100 Walmart Gift Card if they buy a Research and Motion (Nasdaq: RIMM) BlackBerry devices from any of the four major carriers: AT&T, Sprint, T-Mobile and Verizon Wireless and sign a two-year contract.
Shares of RIM are up 0.7 percent today to $64.10.
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There is a report out today from market research firm NPD Group that consumers' holiday spending intentions shows one in five (19%) consumers told NPD 'they plan to buy fragrance' as a gift this upcoming holiday season, a two point increase from last year.
This report could help companies like Perfumania Holdings, Inc. (Nasdaq: PERF) and Parlux Fragrances Inc. (Nasdaq: PARL), but both are down 3% today.
Shares of Citigroup, Inc. (NYSE: C) are seeing some interest this morning as Vice Chairman Ned Kelly, BofA/ML banking conference. Shares are up 1%. Below are some highlights:
- on road to stabilization recovery
- dramatically increased capital, liquidity
- Citicorp is future of Citi
- Continue to cut assets in special asset pool
- Balance sheet is very liquid
- Deposit are continuing to grow
- Liquidity gives Citi time to reduce Citiholding assets.
- Odds of keeping CitiFinancial are very low.
Shares of Callaway Golf (NYSE: ELY) are indicated higher in the pre-market session following a bullish research note from an analyst at Wedbush this morning. Closing at $7.07 yesterday, the bid is currently at $7.16, while the ask is at $7.98.
Reiterating an Outperform rating and $10 price target, Wedbush added shares of Callaway to its "Best Ideas List". Citing "new product launches, an end to retailer inventory destocking, and positive fluctuations in foreign currency", the firm sees a meaningful rebound in fundamentals next year. Wedbush also noted recent positive early feeback from channel checks, suggesting that the company could be poised to gain market share in 2010. The firm said retailers have indicated that potential hit products could include: two new top-of-the-line drives, FT-iZ and FT Tour; two new premium ball models, the Tour i(s) and i(z) balls; and new premium putters.
Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs and golf balls in the United States and internationally.
As has been the trend, Gold is higher again today to new all-time highs. Spot Gold last traded at $1114.10, above yesterday's close of $1105.80. Gold ETF SPDR Gold Shares (NYSE: GLD) is up 0.81 percent to $109.27 in pre-open trading.
The move higher in Gold is largely related to the weakness in the dollar. The dollar is lower against many major currencies again today.
The rise in gold and weakness in the dollar comes despite comments from Treasury Secretary Tim Geithner that a strong dollar is "very important" for the U.S. economy.
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