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Earnings Roundup
Thursday, August 4, 2011 - 8:58am | 1365General Motors Co (NYSE: GM) reported a strong rise in its second-quarter earnings. GM reported its quarterly earnings at $2.5 billion, or $1.54 per share, up from $1.3 billion, or $0.85 per share, in the year-earlier period. Its revenue surged to $39.4 billion from $33.2 billion. However, analysts...
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Deutsche Bank Reports on 2Q at Comcast
Thursday, August 4, 2011 - 8:30am | 91Deutsche Bank has published a report on Comcast (NASDAQ: CMCSA) reaffirming the outlook after second quarter results. In the report, Deutsche Bank wrote, "After reporting strong 2Q growth at both Cable and NBCU, our confidence in our forecast is meaningfully increased. While investors are looking...
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UPDATE: DirecTV Reports Rise In Q2 Profit
Thursday, August 4, 2011 - 8:11am | 67DirecTV Group (NASDAQ: DTV) reported a rise in its profit rose for the second quarter. DirecTV's quarterly net income climbed to $701 million, or $0.91 per share, up from $543 million, or $0.42 per share, in the year-ago period. Its revenue surged to $6.6 billion, versus analysts' estimates of $6....
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News Summary for August 4, 2011
Thursday, August 4, 2011 - 7:51am | 587This is your Benzinga news summary and traders' outlook for Thursday, August 4, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are set for a weak morning as traders wait for the jobless claims data. At last check...
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US Stock Futures Down As Investors Await Jobless Claims Data, GM Earnings
Thursday, August 4, 2011 - 6:17am | 460US stock futures are lower this morning, as investors are awaiting earnings from General Motors Co (NYSE: GM) and weekly jobless claims data. Futures for the Dow Jones Industrial Average dipped 44 points to 11,774.00 and S&P 500 index futures fell 5.20 points to 1,249.30. Nasdaq 100 futures...
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Earnings Scheduled For August 4
Thursday, August 4, 2011 - 3:53am | 495Alpha Natural Resources Inc (NYSE: ANR) is expected to report its Q2 EPS at $1.12 on revenue of $1.47 billion. Kraft Foods Inc (NYSE: KFT) is projected to report its Q2 EPS at $0.58 on revenue of $13.15 billion. CIGNA Corporation (NYSE: CI) is estimated to report its Q2 EPS at $1.29 on revenue of...
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Memories 08-03-2011
Wednesday, August 3, 2011 - 6:27pm | 1013Cusick's Corner Will history repeat itself? The pullback yesterday and over the last 8 sessions brought back memories of 2000 and 2007, where we had large breakdowns, relief rally and then a continuation to the downside. So why am I not screaming the sky is falling? The current pullback is after a...
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Options Brief: DISH Network
Wednesday, August 3, 2011 - 3:48pm | 69Shares of DISH Network (NASDAQ: DISH) are higher on the session by 0.32%, trading at $28.66. Overall put volume is now running at 3.18x the daily average, with 90% of all puts traded being purchases on the offer. 1,775 contracts have traded on the session so far. DISH Network Corporation is a...
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4 Stars For The Network That Brought You "Two & Half Men"
Wednesday, August 3, 2011 - 1:29pm | 725CBS (NYSE: CBS) continues to deliver solid, if not spectacular results and this quarter is no exception, with Les Moonves' team continuing to find new ways to monetize old content. With the NFL coming back, CBS's deals with Amazon (NASDAQ: AMZN) and Netflix (NASDAQ: NFLX) the company has been a...
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Gilford Securities Upgrades Knology: Buy
Wednesday, August 3, 2011 - 12:57pm | 100Gilford Securities upgraded its Knology (NASDAQ: KNOL) rating from Hold to Buy in a research report published today. Gilford Securities also increased its Knology price target from $16 to $19. In the report, Gilford Securities states, "KNOL was the first to market in its small cities with video /...
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Options Brief: CBS Corporation
Wednesday, August 3, 2011 - 10:51am | 72Shares of CBS Corporation (NYSE: CBS) are lower on the session by 3.30%, trading at $25.41. Overall call volume is now running at 2.52x the daily average, with 61% of all calls traded being purchases on the offer. 8,209 contracts have traded on the session so far. CBS Corporation is a mass media...
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CBS Makes Old New
Wednesday, August 3, 2011 - 10:19am | 94(TheStreet) -- Star Trek and I Love Lucy are making CBS (NYSE: CBS) an emerging winner in the media space. The media conglomerate reported profit more than doubled in its second quarter, lifted by its domestic streaming content deal with Netflix (NASDAQ: NFLX) which rakes in new money for old...
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UPDATE: Bank of America Merrill Lynch Raises PO on CBS to $37
Wednesday, August 3, 2011 - 9:45am | 85Bank of America Merrill Lynch is out with its report today on CBS (NYSE: CBS), raising its PO to $37. In its report, Bank of America Merrill Lynch writes, "We strongly reiterate our Buy and raise our PO to $37 due to: (1) an improving earnings mix, (2) new peak margin potential, (3) solid capital...
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Benchmark Reiterates Buy on CBS, Raises PT to $33
Wednesday, August 3, 2011 - 9:08am | 54Benchmark reiterated its Buy rating on CBS (NYSE: CBS). At the same time, the rating agency raised its price target on the company's stock from $30 to $33. On Tuesday, CBS closed the day at $26.28. Its shares added 1.6% to their value in today's pre-market trading to stand around $26.70.
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Earnings Roundup
Wednesday, August 3, 2011 - 9:05am | 1603MasterCard Inc (NYSE: MA) reported a 33% rise in its second-quarter profit. MasterCard reported its quarterly profit at $608 million, or $4.76 per share, up from $458 million, or $3.49 per share, in the year-earlier period. However, analysts were expecting earnings of $4.22 per share. Its net...