DISCOUNT ELECTRONICS
Analysts Trim Expectations Before Tuesday's Circuit City Earnings Release SeekingAlpha via Yahoo! Finance Eric Savitz submits: Anticipating a weak fiscal third quarter earnings report from Circuit City next Tuesday, several analysts today trimmed their expectations for the consumer electronics chain. Best Buy: An Industry Leader on Top of the Electronics Game SeekingAlpha via Yahoo! Finance James Hale submits: Best Buy is the leading U.S. retailer of consumer electronics. It also sells home-office products, entertainment software, and appliances. The company reported disappointing third quarter earnings yesterday, and that news knocked $3 off the stock price, but management remained upbeat about the future, including the all-important holiday season. Static Ahead for Electronics Retailers BusinessWeek Online via Yahoo! UK & Ireland Finance Best Buy missed earnings forecasts for the most recent quarter -- and there are more difficulties ahead for electronics stores No holiday joy Electronics Supply and Manufacturing The electronics market is sputtering to a weak end this year, reflecting events in the general economy, where retailers and manufacturers are struggling with sluggish demand. The urge to splurge The Courier News ELGIN -- There is nothing quite like a shopping spree -- especially when buying coats, toys and electronics for children who likely wouldn't have much of a Christmas otherwise. On Thursday, 19 employees of Elgin's K40 Electronics had a nearly unlimited budget for their shopping spree, purchasing Christmas gifts for area needy families. Those K40 employees, with 300 gift tags taken from the Giving AirAsia, China Life, Jeonbuk Bank: Asia Ex-Japan Equity Preview Bloomberg.com Dec. 16 (Bloomberg) -- The following stocks may rise or fall in Asian markets, excluding Japan, on Dec. 18. This preview includes news that broke after the close of markets on Dec. 15. Prices are from the local market's last close. Stock symbols are in parentheses after company names. Retail sales surged in November, but CNN Money Retail sales surged in the important holiday shopping month of November as shoppers flocked to malls in search of juicy deals on toys, electronics and other popular gift items. Stock futures up ahead of retail sales AP via Yahoo! News U.S. stock futures edged higher Wednesday as investors looked ahead to data on retail sales and business inventories, with electronics retailers Best Buy and Circuit City also likely to be in focus after both were downgraded. Markets: Where Optimism Reigns BusinessWeek Most investment strategists remain high on stocks, especially American ones Costco Beats Consensus, Flat Screen TV Sales Strong SeekingAlpha via Yahoo! Finance Cosco Wholesale Corp.'s fiscal Q1 EPS of 51 cents beat the consensus estimate of 50 cents. Guidance for FQ2 was 62-66 cents, versus consensus of 67.5 cents, and full fiscal year guidance is now $2.50-$2.60, versus prior guidance provided in October of $2.50-2.65.
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