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It's Inverted Hammertime! 06-06-2011
Monday, June 6, 2011 - 2:25pm | 947Cusick's Corner With Finance and Energy challenged, plus AAPL under some pressure, the shorts have the strength on their side in spite of Friday's Bullish technical set up that created an inverted hammer. The market looks poised for continued safe haven buying, Gold/Silver, along with continued...
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AP's Alonso-Zaldivar Inadvertently Proves Political Nature of Obamacare Waivers
Monday, June 6, 2011 - 2:17pm | 1176In late January (at NewsBusters; at BizzyBlog), I noted how the Associated Press and the New York Times had been studiously avoiding covering the Obamacare waivers granted by Kathleen Sebelius's Department of Health and Human Services (HHS). Though I can't verify that the AP has ignored the issue...
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Options Brief: Focus Media Holding Limited
Monday, June 6, 2011 - 10:21am | 90Shares of Focus Media Holding Limited (NASDAQ: FMCN) are lower on the session by 4.17%, trading at $29.22. Overall put volume is now running at 2.14x the daily average, with 39% of all puts traded being purchases on the offer. 11,126 contracts have traded on the session so far. Focus Media...
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UPDATE: Piper Jaffray Color on AirMedia Upgrade and PT Increase
Monday, June 6, 2011 - 6:26am | 127Piper Jaffray, which raised its PT while upgrading shares of AirMedia Group (NASDAQ: AMCN), is providing some color on the stock. “We are upgrading AMCN shares to Overweight from Neutral. We believe the risk/return is compelling at current levels after a huge selloff (down 42% in the past quarter...
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Piper Jaffray Upgrades AirMedia Group To Overweight, Raises PT To $8
Monday, June 6, 2011 - 5:09am | 28Piper Jaffray has upgraded AirMedia Group (NASDAQ: AMCN) from Neutral to Overweight and has raised the price target from $7 to $8.
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Top 4 Small-Cap Stocks In The Marketing Services Industry With The Highest ROE
Sunday, June 5, 2011 - 11:52pm | 134Below are the top small-cap marketing services stocks on the NYSE, the NASDAQ and the AMEX in terms of return on equity. The trailing-twelve-month return on equity at Arbitron Inc (NYSE: ARB) is 68.07%. ARB's PEG ratio is 1.16. The trailing-twelve-month return on equity at Valassis Communications...
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WPP Acquires a Majority Stake in F.biz, 70% Stake
Thursday, June 2, 2011 - 6:35am | 117WPP (NASDAQ: WPPGY), the world's largest communications services group, announces that it has acquired 70% of F.biz Ltda., the largest independent digital advertising agency in Brazil. The São Paulo based agency was founded in 1999 and has enjoyed annual growth rate of nearly 50% since then. The...
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Benzinga's Volume Movers
Wednesday, May 25, 2011 - 9:14am | 183California Pizza Kitchen Inc (NASDAQ: CPKI) shares surged 9.93% to $18.37 at 10:13 am. The volume of CPKI shares traded was 30134% higher than normal. CPKI agreed to sell itself to private equity firm Golden Gate Capital for about $470 million. Inter Parfums Inc (NASDAQ: IPAR) shares moved up 5.04...
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CGI Awarded US$5.7 Million Contract to Advance the CONNECT Nationwide Health Information Exchange Gateway
Tuesday, May 24, 2011 - 8:26am | 207The Federal Health Architecture, under management of the Office of the National Coordinator for Health Information Technology in the US Department of Health and Human Services (HHS), has awarded CGI Federal Inc (NYSE: GIB), a one base year contract worth US$5.7 million. The contract includes four...
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Earnings Scheduled For May 24
Tuesday, May 24, 2011 - 12:04am | 445Avago Technologies Limited (NASDAQ: AVGO) is expected to post its FQ2 EPS at $0.60 on revenue of $554.40 million. TiVo Inc (NASDAQ: TIVO) is projected to report a Q1 loss at $0.31 per share on revenue of $41.98 million. AutoZone Inc (NYSE: AZO) is projected to report its FQ3 EPS at $4.99 on...
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Risk Off Continues 05-23-2011
Monday, May 23, 2011 - 5:35pm | 918Cusick's Corner Risk off trade continued into the After Hours and there was no real pressure on the shorts. Finance, XLF, is not a sector where we want to see any weakness if this market is going to get some potential legs to the upside. Bonds, TLT, may be on the move higher today, but I will be...
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How Many Chops Does It Take to Bring the Market Down? 05-23-2011
Monday, May 23, 2011 - 2:02pm | 882Cusick's Corner The elements that we discussed all last week came together on the open - the EU has a continuing debt crisis and China's slowdown is creating momentum to the downside. Two sectors that appear to be under the most pressure right now are Crude and Euro Currency which is putting even...
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Top 4 NYSE Stocks In The Marketing Services Services Industry With The Highest Cash
Friday, May 20, 2011 - 1:09am | 132Below are the top marketing services stocks on the NYSE in terms of cash. Clear Channel Outdoor Holdings Inc (NYSE: CCO) had $591.56 million in total cash and $2.56 billion in total debt for the latest quarter. Valassis Communications Inc (NYSE: VCI) had $230.19 million in total cash and $725.74...
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Goldman Sachs Has Buy On Focus Media
Thursday, May 19, 2011 - 6:36am | 154Goldman Sachs has a Buy rating and a $43 price target on shares of Focus Media (NASDAQ: FMCN), as it previews earnings from the company. In a note to investors, Goldman Sachs writes, "We expect Focus to report a strong quarter, exceeding consensus. We believe revenue momentum was robust in 1Q,...
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Piper Jaffray Reiterates Rating, PT On MDCA
Wednesday, May 18, 2011 - 6:53am | 111Piper Jaffray, citing a rise in the company's digital value, has reiterated its Overweight rating and its $23 price target on MDC Partners (NASDAQ: MDCA). Says Piper Jaffray, in its report, “Post Publicis' acquisition yesterday (5/17) of one of the last large independent digital agencies, Rosetta...