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Today’s Best Market Rumors (5/27/2010)
Thursday, May 27, 2010 - 8:59am | 388Updated throughout the day. Goldman Sachs Group (NYSE: GS) wealth management customers are in danger of leaving the firm (Reuters) Sovereign debt issues outside Europe will pick up (CNBC) Sony Corp. (NYSE:SNE) may invest in future liquid-crystal-display panel production lines as part of its joint...
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Afternoon Market Update (SNE, TWX, NFLX, AAPL, PVH)
Tuesday, May 25, 2010 - 12:05pm | 234Sony Corp (NYSE: SNE) has decided to offer the HBO programs of Time Warner Inc (NYSE: TWX). These programs will be offered through Sony’s PlayStation 3 in the latest of a line of deals, positioning the maker of video-game-console as a media and entertainment distribution channel. SNE has also...
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Traders Grab Puts on Activision Blizzard
Tuesday, May 25, 2010 - 10:02am | 131Shares of Activision Blizzard Inc. (NASDAQ: ATVI) are lower on the session by 2.15%, currently trading $10.03. The stock has been on a slow-motion train wreck over the past few weeks and is now trading well below the 50-day and 200-day moving averages. $10 is historical support, however, though it...
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MKM Partners Upgrades Garmin (GRMN) To Buy
Monday, May 24, 2010 - 9:23am | 183MKM Partners analysts Pablo A. Perez-Fernandez and Tero Kuittinen upgraded their rating for shares of Garmin Ltd (Nasdaq: GRMN) to Buy and raised the price target to $40, up from the previous price target of $36 per share. The analysts said that the main drivers to their upgrade and price target of...
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Put Spread Purchased on Sony Corp
Friday, May 21, 2010 - 1:27pm | 107Shares of Sony Corp (NYSE: SNE) are higher on the session today by 4.34%, currently trading $32.00. The stock has been cascading lower for the better part of two months and it is currently trading below the 50-day and 200-day moving averages. Options traders are betting on further downside in the...
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Mounting Global Economic Fears 05-20-2010
Thursday, May 20, 2010 - 7:59pm | 807Cusick's Corner Major US markets fell like a rock today after continuing fear that the EU debt crisis may thwart any US recovery. The Euro jumped against the Dollar after there were rumors that the European Central Bank might intervene to support the Euro which then set off short-covering in the...
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Puts Purchased on Sony Corp
Thursday, May 20, 2010 - 10:44am | 104Shares of Sony Corp. (NYSE: SNE) are falling by 3.75% today, currently at $30.54. The stock has been selling off for some time and is now firmly below both the 50-day and 200-day moving averages, which is a bearish sign. Options action is favoring the put side today with put volume running at 3.43x...
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Top 4 Stocks In The Electronics Equipment Industry With The Highest Market Capitalization (SNE, PHG, PC, HUB-B)
Thursday, May 20, 2010 - 8:06am | 131Below are the top 4 electronics equipment stocks on the NASDAQ and the NYSE in terms of market capitalization. Sony Corp (NYSE: SNE) has a market capitalization of $31.84 billion. SNE’s EPS for the December quarter was 1128.60% higher than expected. Koninklijke Philips Electronics NV (NYSE: PHG)...
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Stocks Under Pressure 05-19-2010
Wednesday, May 19, 2010 - 6:37pm | 777Cusick’s Corner We are being barraged by headlines: Financial Reform bill up in the air. New fears of another BP rig. EU still in flux. Let’s cut to the chase. Strategically in this type of environment (higher implied volatility with bearish sentiment), consider looking at strategies like bear...
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Weird and Crazy Company Names of Stocks
Sunday, May 16, 2010 - 11:40pm | 573It is amazing that there are several publicly traded companies that have strange names. We first reported about the stock called Crazy Woman Creek Bancorp Inc. (CRZY.PK) back in 2007. Crazy Woman is a bank holding company for Buffalo Federal Savings Bank, which serves the Johnson, Campbell, and...
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Puts Purchased in Gamestop
Friday, May 14, 2010 - 2:34pm | 90Shares of Gamestop Corp. (NYSE: GME) are lower by 4.32% today after research came to light that video game sales declined sharply during the quarter. Gamestop is currently trading $21.70. Protection is being purchased on shares today with the October $15 put purchased on the offer 6,000 times for...
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Puts Purchased in Gamestop
Friday, May 14, 2010 - 2:34pm | 90Shares of Gamestop Corp. (NYSE: GME) are lower by 4.32% today after research came to light that video game sales declined sharply during the quarter. Gamestop is currently trading $21.70. Protection is being purchased on shares today with the October $15 put purchased on the offer 6,000 times for...
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Garmin Pushes Into Positive Territory (GRMN)
Friday, May 14, 2010 - 2:01pm | 111Shares of Garmin (NASDAQ: GRMN) are one of the very few bright spots on the Nasdaq today, as they have bucked the market trend and are currently trading 1% higher at $33.24. Volume in the name has been a little heavier than normal, with 1.58 million shares trading hands on the day. The stock was...
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Euro Falls As Concerns Over Greece Return (SNE, C)
Friday, May 14, 2010 - 12:39pm | 284A sense of uncertainty hung over markets on Friday leading to a dip in global stocks and the euro falling to an 18 month low. Markets remained nervous about the European debt crisis and the pace of the global recovery. Sony (ADR) (NYSE: SNE), while releasing results after the close of markets on...
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Video Game Sales Plummet In April (MSFT, SNE)
Friday, May 14, 2010 - 10:49am | 137Video game hardware and software sales dropped 26% in April. Software sales were down 22%, whereas hardware sales plummeted 37%. Industry tracker NPD said sales in the United States were at $766.2 million in April. NPD further said that overall decline is the fourth-largest since September 2000....