It's make-or-break time for the first-quarter earnings season, and it comes just as the stock market is showing signs of strain.
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Japan's defense for its aggressive weakening of the yen is that it's aimed at reviving the economy. Not a convincing argument.
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SIDNEY, Neb.-- Cabela's Inc. said Thursday that its net income rose 28 percent in the third quarter, which was in line with Wall Street expectations, as the outdoor sporting goods retailer's new, smaller store formats outperformed its more cavernous stores. Cabela's also noted that its free shipping offer also hurt results for the segment.
DETAILS: JELD-WEN and Reliabilt Interior Bifold Doors manufactured by JELD-WEN, Inc. of Klamath Falls, Ore.; sold at Home Depot, Lowe's and other retailers between February 2011 and March 2012. The interior bifold doors were manufactured in the United States.
*Imperial Capital raises Cabela's Inc price target to $60 from $55;. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Credit Suisse raises Cabela's Inc target price to $62 from $58;. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
**ARQULE INC, $2.30, down 53.9 pct The biotechnology company and Japan's Daiichi Sankyo Co Ltd. **GENERAL MOTORS, $23.82, up 3 pct. Hedge fund manager David Einhorn said auto-maker General Motors "is much healthier now," and is getting its product refreshments "right."
The Dow and S&P 500 turned negative while the Nasdaq cut its gains in late morning on Tuesday, with materials and energy shares leading declines on the S&P. **ARQULE INC $2.21 down 55.5 pct The biotechnology company and Japan's Daiichi Sankyo Co Ltd. **FORD MOTOR CO, $9.78, down 1.6 pct.
The Nasdaq Composite Index added 14.98 points, or 0.48 percent, to 3,128.51. **ARQULE INC $2.14, down 57.73 pct The biotechnology company and Japan's Daiichi Sankyo Co Ltd. **SIRIUS XM RADIO INC, $2.62, up 2 pct.
Take a look at some of Tuesdays morning movers.
*Suntrust Robinson raises Cabela's Inc price target to $65 from $55;. Reuters Station users, click. 1568 For a summary of rating and price target changes on Canadian companies:. Reuters Station users, click. 4899 ().
NEW YORK-- Standard& Poor's said Monday specialty pet retailer PetSmart Inc. will join the benchmark S&P 500 index after the close of trade Thursday, replacing Sunoco Inc. which is being acquired by Energy Transfer Partners LP. Cabela's Inc., a specialty retailer of hunting and fishing gear, will move from the SmallCap 600 to the MidCap 400, replacing PetSmart.
As online shopping has surged, traditional retailers have lost millions in sales to so-called showrooming — when shoppers check out products in stores that they then buy from websites. Now some big retailers are taking a new approach, The New York Times reports.
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Clothing manufacturers such as Woolrich are designing shirts and pants for the fashion-aware gun owner, reports the New York Times.
Which is the best sporting goods retailer?
Nearly 47 percent more women are shooting today than a decade ago, according to the National Sporting Goods Association, and a Gallup poll last year found 23 percent of American women now own at least one gun.
The S&P small-cap 600 index reached a new high Tuesday as U.S. equities appear to be on track to close the first quarter of 2012 with their best performance since 1998.