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Earnings Preview: Analysts Expect Activision Blizzard's Revenue to Dip
Friday, July 29, 2011 - 3:21pm | 571Activision Blizzard (NASDAQ: ATVI) announces its next round of earnings this Wednesday, August 3, 2011. Get the latest predictions in Benzinga's essential guide to the company's second quarter earnings report. Earnings and Revenue: Wall Street expects an EPS of 4 cents per share and revenues...
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Nintendo Admits Defeat, Lowers Nintendo 3DS Price to $169.99 as Apple Enthusiasts Proclaim Victory
Thursday, July 28, 2011 - 12:31pm | 1148Nintendo truly is its own worst enemy. At around three in the morning, Nintendo (NTDOY) announced what may be the fastest price drop in video game history: starting August 12, the company will shed $80 off the MSRP of the embattled Nintendo 3DS, bringing the new price to a respectable $169.99....
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Earnings Roundup
Thursday, July 28, 2011 - 7:42am | 1660Kellogg Co (NYSE: K) reported a 14% rise in its second-quarter profit. Kellogg reported its quarterly profit at $343 million, or $0.94 per share, up from $302 million, or $0.79 per share, in the year-ago period. Its sales climbed 11% to $3.39 billion. However, analysts were expecting a profit of $0...
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UPDATE: Sony Swings To Quarterly Loss
Thursday, July 28, 2011 - 4:25am | 95Sony Corp (NYSE: SNE) swung to a quarterly net loss on Thursday. Sony posted a loss at 15.5 billion yen ($199 million) in the April-June quarter, versus a profit of ¥25.7 billion, in the year-ago quarter. Its quarterly sales dropped 5% to 1.49 trillion yen ($19 billion). Sony lowered its group...
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Wednesday's S&P 500 Sector Recap: Hottest and Coldest Sectors
Wednesday, July 27, 2011 - 4:36pm | 1734The S&P 500 (SPX) took a major hit in Wednesday's trading session, finishing down 27.05 points, or 2.03%, from Tuesday's close to 1304.89. The selling began just after the opening bell, and the index extended its losses throughout the session, closing near the low of the day (1303.49), as...
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Goldman Sachs Comments on Volatility
Wednesday, July 27, 2011 - 5:58am | 215Goldman Sachs commented on market volatility. In a research report published today, Goldman named companies it believes are best investment in these volatile times. In the report, Goldman states, “In the face of a flattish S&P 500 we encourage investors to utilize straddles as a method to...
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HARMAN Acquires MWM Acoustics
Tuesday, July 26, 2011 - 8:02am | 113Harman International Industries, Incorporated (NYSE: HAR) and infotainment group, announced today the acquisition of MWM Acoustics embedded acoustic solutions. MWM Acoustics designs and manufactures advanced microphones and embedded acoustic solutions and is a leading provider of acoustic...
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J.P. Morgan Establishes a Price Target On Garmin Of $29.50
Tuesday, July 26, 2011 - 7:47am | 57According to J.P. Morgan, Garmin (NASDAQ: GRMN) price target is raise to $28.50. J.P. Morgan said that it believes there could be downside to GRMN estimates for the upcoming 2Q11 results and FY11 guidance. “We are establishing a December 2012 price target of $29.50. Maintain Underweight.” Garmin...
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JP Morgan Raises PT On Garmin To $29.50
Tuesday, July 26, 2011 - 5:30am | 26JP Morgan has raised the price target on Garmin (NASDAQ: GRMN) from $28.50 to $29.50 and maintains its Underweight rating.
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Garmin® Selected as the Official Supplier of Marine Navigation Systems to the 34th America's Cup
Monday, July 25, 2011 - 6:01am | 236Garmin Ltd., (NASDAQ: GRMN) announced today that it has been selected to be the exclusive official supplier of marine navigation, marine communication, and marine sensor equipment to the 34th America's Cup. A full suite of Garmin electronics, which includes the award-winning GPSMAP® 7000 series...
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10 Microcap Value Stocks
Wednesday, July 20, 2011 - 10:09pm | 2927Click here for a FREE Trading Course On a monthly basis I conduct a close replication of AAII's (American Association of Individual Investors) Shadow Stock screen. The goal is to find small, undervalued stocks with high price momentum over the past 52 weeks. It is a highly speculative, risky...
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Options Brief: SONY Corporation
Friday, July 15, 2011 - 12:45pm | 72Shares of SONY Corporation (NYSE: SNE) are higher on the session by 1.23%, trading at $27.06. Overall call volume is now running at 13.90x the daily average, with 96% of all calls traded being purchases on the offer. 5,450 contracts have traded on the session so far. SONY Corporation is a Japan-...
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Sony Ericsson Swings To Loss In Second Quarter
Friday, July 15, 2011 - 3:40am | 91Sony Ericsson swung to a second-quarter net loss on Friday. Sony Ericsson, owned 50-50 by Ericsson (NASDAQ: ERIC) and Sony Corp (NYSE: SNE) posted a Q2 pretax loss of 42 million euros ($59 million), versus an average forecast for a 4.9 million profit. Its revenue also dropped to EUR1.19 billion...
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Netflix Hikes Prices: What Consumers and Investors Need to Know
Wednesday, July 13, 2011 - 6:06am | 406Netflix Inc. (NASDAQ: NFLX) announced Tuesday that the price of its services - DVD mail delivery and online video streaming - would increase for all members by September. The move has ramifications across the media and content distribution industry, and investors and consumers quickly devoured the...
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Is Nintendo Smart to Ditch Smartphones?
Tuesday, July 12, 2011 - 1:46pm | 932Contrary to popular belief, Super Mario and Angry Birds are not the same. Last week, Nintendo made it crystal clear that it does not have any plans to develop for the Apple (NASDAQ: AAPL) iPhone or Google (NASDAQ: GOOG) Android platforms. This news came as a shock to some. “If Nintendo was...