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Upside Purchased on Scripps Networks (SNI)
Monday, June 21, 2010 - 2:28pm | 127Shares of Scripps Networks Interactive (NYSE: SNI) are higher on the session by 0.31%, currently trading at $45.46. The stock has been moving higher over the past six months and the stock is now nearing a fresh 52-week high. Options traders are betting that SNI could break out to the upside. The...
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Wells Fargo Downgrades DTV To Market Perform
Thursday, June 17, 2010 - 6:46am | 42Analysts at Wells Fargo Securities downgrade DirecTV (NYSE: DTV) from "outperform" to "market perform." DTV’s shares gained 0.20% to close at $39.33 yesterday. More Analyst Ratings here
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Momentum Building 06-14-2010
Tuesday, June 15, 2010 - 3:08pm | 692Cusick’s Corner What a difference a weekend makes. With the Euro up and the Eurozone up, the market continues a nice bullish trend into the Midday. The major market averages are challenging resistance, SPX 1100, and if we can get some momentum into the After Hours, this rally could garner some...
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News Corp’s £7.8-Billion Buyout Proposal For BSkyB Gets Rebuffed
Tuesday, June 15, 2010 - 8:40am | 218News Corp (NYSE: NWS) today offered 700 pence a share, or £7.8 billion ($11.5 billion), in cash to acquire the remaining 61% stake it doesn’t hold in British Sky Broadcasting Group PLC (BSY), the largest pay television provider in the UK. NWS currently holds 39.1% stake in BSY. However, British Sky...
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Bresnan Communications Acquisition A Good, Although Geographically Remote Fit For CVC
Monday, June 14, 2010 - 2:45pm | 202Analysts at Wunderlich Securities reiterate their "buy" rating on Cablevision Systems Corp (NYSE: CVC). The target price for CVC is set to $33.50. CVC is close to announcing its all-cash purchase of Mountain State MSO Bresnan Communications for $1.36 billion. According to Wunderlich Securities, “...
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Company News for June 14, 2010 - Corporate Summary
Monday, June 14, 2010 - 9:39am | 160• Cablevision (NYSE:CVC) said it agreed to buy privately-owned Bresnan Communications for $1.36 billion • RailAmerica (NYSE:RA) reported its June car loads improved 9.1% YoY from May levels • FBR upgraded T Rowe Price (NASDAQ:TROW) from "market perform" to "outperform," raising the price target...
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Puts Bought on Virgin Media (VMED)
Thursday, June 10, 2010 - 2:57pm | 123Shares of Virgin Media Inc. (NASDAQ: VMED) are higher on the session by 4.80%, currently trading at $16.80. The stock has been consolidating lower over the past few weeks, but has managed to hold the 200-day moving average, which is bullish. Options traders are picking up some protection on the...
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Sell Off In CVC’s Share Price Unwarranted: Wunderlich
Thursday, June 10, 2010 - 12:05pm | 214Analysts at Wunderlich Securities reiterate their "buy" rating on Cablevision Systems Corp (NYSE: CVC), while raising their estimates for the company. The target price for CVS is set to $33.50. According to Wunderlich Securities, “Cablevision stock sold off 5.6% yesterday, reportedly off CVC...
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Early Volume Plays Among Those Valued Below $10 (NOOF, PTEC, PMACA, ABK)
Thursday, June 10, 2010 - 11:52am | 258Some 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: New Frontier Media (NASDAQ: NOOF) announced a Q4 loss of $0.26 a share, while analysts were expecting it to report a profit of $0.07 a share. Shares of NOOF...
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TiVo Loses A Ruling By The U.S. Patent And Trademark Office (TIVO, DISH, SATS)
Tuesday, June 8, 2010 - 3:40pm | 121Bloomberg Businessweek is reporting that TiVo (NASDAQ: TIVO) has lost a ruling before the U.S. Patent and Trademark Office of a patent that's the subject of an ongoing legal dispute between Dish Network (NASDAQ: DISH) and EchoStar Corp. (NASDAQ: SATS). According to the report, the U.S. Patent and...
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Merger Arbitrage Mondays – June 07, 2010
Monday, June 7, 2010 - 5:32am | 4760The activity on the Merger and Acquisition front increased once again last week with seven new deals announced and four deals closing. We are also happy to report the beta launch of a new tool that will let you see the spreads on deals in almost real time. This tool automatically calculates the...
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DISH’s Free HD Service To Affect EBITDA And FCF Margins
Friday, June 4, 2010 - 11:57am | 171Analysts at Collins Stewart maintain their "buy" rating on Dish Network (NASDAQ: DISH). The target price for DISH is set to $30. DISH has started a promotion, which offers free HD service to new subscribers. According to the analysts, “Although this promo may increase HD subscribers, it will likely...
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VMED Sells Its Content Business To British Sky Broadcasting
Friday, June 4, 2010 - 10:35am | 172Analysts at Deutsche Bank reiterate their "buy" rating on Virgin Media (NASDAQ: VMED). The target price for VMED is set to £14. Virgin Media has sold its content business (Virgin Media TV) to British Sky Broadcasting (OTC: BSYBY.PK) for £160 million in cash. According to the analysts, “£105m will...
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VIX Drops 15% 06-02-2010
Wednesday, June 2, 2010 - 6:24pm | 664Cusick’s Corner The VIX dropped even more in the afternoon -- falling 15% in today as the SPX rallied and came back from yesterday’s drop (see Index Trading). The morning appeared a little shaky but in the afternoon Energies, Financials and Materials started the broader market’s push even higher...
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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...