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Markets & Stocks
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Stocks to watch Tuesday
Target says August same-store sales on track; AT&T, AT&T Wireless strike branding accord.
August 23, 2004: 6:03 PM EDT

NEW YORK (CNN/Money) - Investors may face another uneventful trading day on Tuesday, with no major U.S. economic indicators due until Wednesday.

Buyers may sit on the sidelines with very little to grasp ahead of Wednesday's durable-goods orders numbers. Wall Street is expecting a 1.0 percent rise in durable goods orders for July, compared with a 0.9 percent increase the previous month, according to Briefing.com.

Following Monday's close, shares of Target Corp. (TGT: Research, Estimates) nudged higher after the discount retailer said same-store sales were running according to plan for August.

The Minneapolis-based company's current plan for August sees same-store sales flat to up 2 percent. Shares of Target rose to $43.78 on the INET electronic-brokerage system, from their $43.74 New York Stock Exchange close.

Meanwhile, shares of Coeur d'Alene Mines Corp. (CDE: Research, Estimates) slipped to $3.70, from their close of $3.76 on the New York Stock Exchange.

The company said on Monday it formally began its offer to U.S. and Canadian shareholders to purchase all outstanding shares of Vancouver-based Wheaton River Minerals Ltd. (WRM: Research, Estimates)

Elsewhere, AT&T Wireless (AWE: Research, Estimates), which has agreed to be bought by Cingular Wireless, resolved a brand dispute and forged a $100 million network services agreement with former parent AT&T Corp. (T: Research, Estimates), according to Cingular.

Cingular Wireless said the agreement with AT&T Corp., gives it certain rights to the AT&T Wireless brand for six months after the closing of its $41 billion purchase of AT&T Wireless, expected later this year.

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In other news released after the closing bell, Advo Inc. (AD: Research, Estimates) said it would expand in certain markets but said 2004 results would be hurt by start-up costs. The print-advertising company said it now expects earnings per share for fiscal 2004 of $1.70, excluding 11 cents' worth of charges in the first and third quarters.

For fiscal 2005, the company forecast revenue growth of 9 percent to 11 percent and earnings per share of $1.80 to $1.85. Analysts had expected earnings per share of $1.80 in fiscal 2004 and $2.05 in fiscal 2005.

The markets in which Advo said it would expand are southern California, Pittsburgh-Youngstown and Raleigh-Durham.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.