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Stocks Hitting 52-Week Highs (CTXS, SHPGY, VMED, CJBK)
Thursday, July 29, 2010 - 1:12pm | 159Citrix Systems Inc (NASDAQ: CTXS) shares gained 17.37% to create a new 52-week high of $55.55. CTXS has reported better-than expected Q2 results and raised its revenue projections for the full year. Shire plc (NASDAQ: SHPGY) shares moved up $68.99 to touch a new 52-week high, before falling to $68....
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Mid-Day Market Movers (VCBI, CRWN, PHMD, SMMF)
Thursday, July 29, 2010 - 11:54am | 141Virginia Commerce Bancorp (NASDAQ: VCBI) jumped 21.29% to $6.21 at 10:42 am. VCBI has withdrawn its common stock public offering worth $75 million. Crown Media Holdings Inc (NASDAQ: CRWN) climbed 20.22% to $2.14. CRWN is all set to report its Q2 earnings on August 12. PhotoMedex Inc (NASDAQ: PHMD)...
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VMED Enjoying Structural Advantage In Broadband Quality/Cost
Thursday, July 29, 2010 - 11:11am | 171Analysts at Goldman Sachs reiterate their "conviction buy" rating on Virgin Media Inc (NASDAQ: VMED). The target price for VMED has been raised from $26 to $28.10. Goldman Sachs mentions, “We continue to believe that VMED enjoys a structural advantage in broadband quality/cost, which combined with...
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Treasury Auction Results Adding Negative Tone 07-28-2010
Wednesday, July 28, 2010 - 3:10pm | 829Cusick’s Corner The markets pulled back from their overnight highs, only to hold key support in the morning and waffle around breakeven into the Midday. This action, once again, comes under low volume. Hitting the headlines now -- current treasury auction results were better than expected in the 5...
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Goldman Sachs Delivers Positive News For Virgin Media Inc. (VMED)
Wednesday, July 28, 2010 - 10:38am | 148Goldman Sachs is out with a research report this morning on Virgin Media Inc. (VMED); after the company reported strong 2Q results. The analysts at Goldman noted that its price target and estimates are currently under review. Goldman Sachs mentions, “VMED beat company-compiled consensus revenue...
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Company News for July 28, 2010 - Corporate Summary
Wednesday, July 28, 2010 - 10:01am | 277• Boeing (NYSE: BA) reported second quarter earnings of $1.06, 6 cents above Zacks estimates, on revenues of $15.57 billion, down 9.2% from last year and below estimates of $16.10 billion • Coca-Cola Enterprises (NYSE: CCE) reported second quarter earnings of 79 cents, beating estimates by 10 cents...
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Media & Entertainment Companies’ Outlook is Positive
Thursday, July 22, 2010 - 12:56pm | 135Brian S. Shipman, Kip Paulson and Robert E. McManus, analysts at Jefferies and Company, indicate that in spite of moderate consumer demand, companies are continuing to advertise. Walt Disney (NYSE: DIS), Viacom (NYSE: VIA) and CBS Corp (NYSE: CBS) have significant upside potential and Buy ratings...
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JP Morgan Assesses U.S. Telecom and Cable Services Sector
Thursday, July 22, 2010 - 10:43am | 704JP Morgan had previewed 2Q results for the U.S. Telecom and Cable Services sector, and has assessed each one as follows listed with upside/downside risks and price target: American Tower (NYSE: AMT) Overweight Credit environment could delay share repurchase, delays in carrier builds, wireless...
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Net Servicios De Comunicacao Regains Growth Traction
Wednesday, July 21, 2010 - 10:59am | 86Net Servicios De Comunicacaon (NASDAQ: NETC) delivered 2Q results in line with the above-norm forecasts made by Wunderlich. Net sales grew by 19%, and NETC has now launched DOCSIS 3.0 cable modem service with speeds up to 100 mbps in its Brazilian market along with triple play packages, and...
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Puts Purchased on Discovery Communications (DISCK)
Friday, July 16, 2010 - 4:08pm | 124Shares of Discovery Communications (NASDAQ: DISCK) ended the session lower by 3.95%, trading at $30.63. The stock has been moving largely higher over the past six months, but has come under selling pressure as of late. Options traders were buying protection on the name today. The September $30 put...
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GE's NBC Numbers Bode Well For CBS (CBS)
Friday, July 16, 2010 - 12:50pm | 113GE (NYSE: GE) reported 2Q earnings today, and management noted strength in advertising markets and local stations. NBC revenue was up 5% and operating profit was up $13%. Jefferies analysts Brian Shipman, Kip Paulson, and Robert McManus believe these are strong signals for television companies....
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Top 4 Stocks In The Communication Equipment Industry With The Highest ROE (LORL, DTV, GLW, ADTN)
Thursday, July 15, 2010 - 6:02am | 153Below are the top communication equipment stocks on the NYSE and the NASDAQ in terms of return on equity. The trailing-twelve-month return on equity at Loral Space and Communications Inc (NASDAQ: LORL) is 81.35%. LORL had $142.23 million of total cash and no debt in the latest quarter. The trailing...
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Netflix Builds an Empire: Best in Class
Tuesday, July 13, 2010 - 7:28am | 185LOS GATOS, Calif. (TheStreet) -- Netflix (Nasdaq: NFLX) forced the closure of rival Movie Gallery, caused Blockbuster to implode and prompted retailers to streamline their approach to video sales en route to big-budget growth. Those were just the first items in the queue. Netflix is getting five-...
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Benzinga's After Hours Decliners (DVN, TSN, DTV)
Monday, July 12, 2010 - 6:54pm | 177Among the notable stocks that are moving lower in the after hours trading session are Devon Energy (NYSE: DVN), Tyson Foods (NYSE: TSN), and DirecTV (NASDAQ: DTV). Shares of Devon Energy (NYSE: DVN) have lost 1.32% to $62.66 in the late trading session after the company said it has shut down 7...
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Slow Trading - But Stay On Your Toes 07-09-2010
Friday, July 9, 2010 - 2:15pm | 722Cusick's Corner The market is hanging in there but still not able to break down trend. Key sectors like XLF, XLK, and XLI have yet to breakout with conviction. Watch the last few hours of trading, some new shorts may potentially hit the market. Do not let the dog days of summer lull you. Stay on...