-
Indian BWA Auction Fetches Over $8B - Analyst Blog
Friday, June 11, 2010 - 9:34am | 612India’s Broadband Wireless Access (BWA) spectrum (radio airwave) auction has officially concluded on June 11, 2010, following 16 days of aggressive bidding. The auction has reaped a staggering INR385.43 billion (US$8.2 billion) in revenues for the government. The BWA auction began on May 24,...
-
Benzinga’s Top Pre-Market Gainers (ARST, XIDE, SQNM, ARMH)
Friday, June 11, 2010 - 8:35am | 190Arc Sight Inc (NASDAQ: ARST) soared 12.01% to $22.2 in the pre-market session. Yesterday, the security and compliance management software provider announced quarterly revenue growth of 41% year-over-year for fiscal Q4 ended April 30, beating Wall Street estimates. Exide Technologies (NASDAQ: XIDE)...
-
J.P. Morgan Says Tenneco (TEN) Is A Growth Opportunity
Thursday, June 10, 2010 - 10:54am | 206J.P. Morgan analysts Himanshu Patel and Vivek Aalok maintained their Overweight rating for shares of Tenneco Inc (NYSE: TEN), with a price target of $28 per share. After attending Tenneco Inc's Analyst/Technology Day, Patel and Aalok said that the stock is one of the most attractive long-term...
-
Company News for June 10, 2010 - Corporate Summary
Thursday, June 10, 2010 - 10:04am | 188• Reports say another federal probe into Goldman Sachs' (NYSE:GS) handling of CDO is in the works, regarding a $2 billion Hudson Mezzanine offering sold in 2006 • Old Republic (NYSE:ORI) announced plans to merge with PMA Capital (NASDAQ:PMACA), in a $365 million deal • Citigroup (NYSE:C) upgraded...
-
Puts Sold on Magna Intl. (MGA)
Wednesday, June 9, 2010 - 12:37pm | 156Shares of Magna International Inc. (NYSE: MGA) are higher on the session by 1.71%, currently trading $67.40. The stock has been a relative outperformer as of late and is still trading above the 50-day moving average. In fact, it hasn’t broken the 50-day even once in the past six months. Options...
-
6-9-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Wednesday, June 9, 2010 - 12:16pm | 2241Stocks are slightly higher on signs of economic growth Hopeful signs that debt in Europe won’t derail a global economic recovery sent stocks higher Wednesday. Federal Reserve chairman Ben Bernanke is scheduled to testify in front of the House Budget Committee. He is expected to reiterate his belief...
-
Calls Bought On Arvinmeritor (ARM)
Monday, June 7, 2010 - 12:23pm | 142Shares of Arvinmeritor Inc. (NYSE: ARM) are higher on the session by 0.54%, currently trading $15.01. The stock has been struggling with the 50-day moving averages as of late, but has managed to regain the level. Calls are being bought on the name today. The June $15 call was purchased 2,650 times...
-
Benzinga’s Top Pre-Market Gainers (OMNI, DYAX, CYCC, WPRT, FCEL)
Friday, June 4, 2010 - 8:54am | 226OMNI Energy Services Corp (NASDAQ: OMNI) soared 32.08% to $2.80 in the pre-market session. OMNI, which provides environmental services to the oil and gas industry, has given its consent to be bought by a Wellspring Capital Management affiliate for about $66.3 million. Dyax Corp (NASDAQ: DYAX) added...
-
Mid-Day Market Movers (SNWL, FCEL, XIDE, TOF)
Thursday, June 3, 2010 - 12:38pm | 165SonicWALL Inc (NYSE: SNWL) climbed 25.97% to $11.32 by 11:55 am. SNWL has entered into a definitive acquisition agreement with Thoma Bravo LLC led investor group for approximately $717 million. Tofutti Brands Inc (NYSE: TOF) soared 25.22% to $1.44. The Cranford, New Jersey-based company develops,...
-
Early Volume Plays Among Those Valued Below $10 (HERO, HOV, CWTR, XIDE)
Thursday, June 3, 2010 - 10:05am | 359Some of the stocks that are valued below $10 and have the potential to become one of the high volume movers in the early trading hours are: Hercules Offshore Inc (NASDAQ: HERO) has been upgraded by Collin Gerry of Raymond James during a televised interview today. Collin believes that shallow water...
-
Market is Challenging the Downtrend 06-02-2010
Wednesday, June 2, 2010 - 3:34pm | 771Cusick’s Corner The market is challenging the downtrend, but it has been on light volume. Watch the resistance level of 1087 on the ESM10 – can be broken and challenge a downtrend line that has not been broken in the last 5 trading sessions. If there can be a late day breakout through this...
-
Indian BWA Auction Bid Quadruples - Analyst Blog
Tuesday, June 1, 2010 - 9:24am | 668India’s Broadband Wireless Access (BWA) spectrum (radio airwave) auction is gaining momentum as the bidding price has reportedly zoomed to a whopping INR72.22 billion (US$1.56 billion) on the sixth day of the auction. This represents a roughly four-fold increase from the floor price of INR17.5...
-
Top 5 Mid-Cap NYSE Stocks In The Consumer Goods Sector With The Highest Return On Equity (LEA, TPX, OSK, HBI, TUP)
Friday, May 28, 2010 - 5:51am | 158Below are the top 5 mid-cap consumer goods stocks on the NYSE in terms of ROE. Lear Corp (NYSE: LEA) has a trailing-twelve-month ROE of 112%. The quarterly earnings growth of LEA stands at 35.50%. Tempur Pedic International Inc (NYSE: TPX) has a trailing-twelve-month ROE of 106.85%. TPX’s quarterly...
-
The Root of the Housing Bubble Remains Unchanged
Thursday, May 27, 2010 - 12:03pm | 2799Banks and Wall Street profited immensely from millions of unqualified home buyers reaching out for the simulacrum of middle class "ownership." The fundamental root of the housing bubble--the collusion of the Central State and banks to extend home ownership to millions of citizens who did not...
-
Calls Sold on Lear (LEA)
Thursday, May 27, 2010 - 10:52am | 131Shares of Lear Corp. (NYSE: LEA) are higher on the session by 2.40%, currently trading $67.71. The stock has been drifting lower for the past few weeks and is now trading below the 50-day moving average. I am detecting call selling in the name today as well, which would suggest that any rally in...