Stocks Continue to Rise; IBM Approves $15B Buyback, Google Drops
Stocks rallied for the third consecutive day, boosted by $15 billion stock buyback at International Business Machines
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PowerRating). The Dow gained +114.70, the S&P 500 +9.49, and the Nasdaq Composite +17.51.
Google
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PowerRating) dropped more than 4% after comScore reported the number of people clicking its search ads declined January (read more).
AutoZone
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PowerRating) rose on Tuesday, after the company beat Q2 2008 estimates (read more).
Home Depot
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PowerRating) reported a 27% decline in Q4 2007 earnings, contributing to the first annual sales decline for the world’s largest home improvement store chain (read more).
Shares of Target
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PowerRating) rose, despite the company reporting Q4 2007 earnings of $1.23 a share, down from a year-ago profit of $1.29 a share (read more).
Macy’s
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PowerRating) reported higher Q4 2007 net income than a year ago, beating estimates and provided guidance for full-year 2008 (read more).
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