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Afternoon Market Update (AAPL, ADBE, CNO, NKE)
Wednesday, May 5, 2010 - 3:19pm | 220While comparing the recent competitive behavior of Apple (NASDAQ: AAPL) with that of a 19th-century railroad company, Chief Technology Officer Kevin Lynch of Adobe Systems (NASDAQ: ADBE) said, "Apple is using this strategy at places where it wishes to create a walled garden" around the Internet....
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Call Buyers Target Sketchers
Tuesday, May 4, 2010 - 11:37am | 111Shares of Sketchers (NYSE: SKX) have faltered as of late after a HUGE run up in recent months, but some traders are betting that the shoe apparel company may not be out of gas yet. I am detecting a call roll in the name today where 9,000 of the May $40 calls were sold on the bid for $0.80 and 9,000...
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Benzinga’s Volume Movers (SVVS, CSTR, IDSA, SHOO, IRBT)
Monday, May 3, 2010 - 2:33pm | 254SAVVIS Inc (NASDAQ: SVVS) shares jumped 11.77% to $19.65. The volume of SVVS shares traded was 431% higher than normal. SVVS posted a Q1 loss of $11.3 million. Read more about this company here. Coinstar, Inc (NASDAQ: CSTR) shares climbed 7.91% to $47.87. The volume of CSTR shares traded was 344%...
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Bearish and Neutral Plays on Green Mountain (GMCR) After Cramer’s Harsh Words
Monday, May 3, 2010 - 10:12am | 1742After rocketing nearly 185% in less than a year, shares of Green Mountain Coffee Roasters (NASDAQ: GMCR) ran into a proverbial wall near the 100 level. This technical predicament coincided with the company’s earnings last week. Revenue and earnings per share were in line with estimates but the...
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Call Trading in Barrick Gold (ABX): A Bullish Bet on the Yellow Metal?
Friday, April 30, 2010 - 8:28am | 1710Commodities such as gold, silver, and oil are extremely popular among the investment community as they are frequently used to measure economic health and demand in many parts of the world. Much of the world’s food, financial health, and energy revolve around the prices of these commodities. At...
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Nike to Continue Higher?
Thursday, April 29, 2010 - 10:27am | 164Goldman Sachs’ retail analyst, Michelle Tan, believes so. Nike (NYSE: NKE) is already rated as a “Conviction Buy” and she suggests that the consensus estimates for earnings are too low; she is 7% above the Street and sees 11% upside to her price target. The May 5th investor day should prove to be...
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Call Activity in Citrix Systems (CTXS) – Don’t Be So Quick to Interpret
Thursday, April 29, 2010 - 8:27am | 1578When evaluating a trade, some investors look at the volume in the underlying stock as well as open interest, the bid/ask spread, and option volume in order to ascertain if liquidity is adequate. Some stocks tend to have more robust options volume than others, but “heavier” options volume does not...
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Market Update – Citigroup (NYSE:C), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), Comcast (NASDAQ:CMCSA), WellPoint (NYSE:WLP)
Wednesday, April 28, 2010 - 10:24am | 1377Continuing fears about the debt situation in Greece and Portugal caused stocks in Europe and Asia to fall yesterday; investors continue to perceive these countries’ situations as too risky. According to Citigroup (NYSE: C) executives, as the debt situation worsens many Greek banks are in danger of...
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Peanuts Brand Changes Hand (ICON)
Tuesday, April 27, 2010 - 12:41pm | 114Iconix Brand Group (NASDAQ: ICON) along with the Schulz family will be buying the famous ‘Peanuts’ Brand from United Features Syndicate and E.W. Scripps Company (NYSE: SSP) for $175 million. Iconix will also acquire from UFS, its licensing and character representation business. This business of UFS...
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S&P Raised Deckers Outdoor (DECK) to Buy From Hold
Monday, April 26, 2010 - 12:15pm | 115S&P Raised Deckers Outdoor (NASDAQ: DECK) to Buy From Hold on Friday. The Q1 EPS of $1.37 vs. $.93 beat S&P’s $0.90 estimate on strong UGG and Teva brand sales, higher retail mix, and improved product margins. S&P analyst J. Asaeda commented: “We see DECK successfully driving both...
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Company News for April 26, 2010 - Corporate Summary
Monday, April 26, 2010 - 9:30am | 238• Charles River (NYSE:CRL) announced plans to acquire China’s WuXi PharmaTech (NYSE:WX) for $21.25 in cash and common shares, a deal valued at $1.6 billion • Hertz (NYSE:HTZ) plans to buy Dollar Thrifty (NYSE:DTG) for $41, 80% in cash and 20% in stock, for $1.2 billion total • Citigroup (NYSE:C)...
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Gainers In Early Trading (CPHD, IDXX, DECK)
Friday, April 23, 2010 - 12:09pm | 111The following stocks have seen gains in early trading today. Cepheid (NASDAQ: CPHD), the Sunnyvale, California-based molecular diagnostics company, is up by 13.67% to $20.79. On Thursday, the company reported a loss of $0.07 per share in its first-quarter. IDEXX Laboratories, Inc. (NASDAQ: IDXX)...
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WWW Cut To Hold At Argus
Thursday, April 22, 2010 - 9:12am | 39Analysts at Argus downgrade Wolverine World Wide (NYSE: WWW) from “buy” to “hold.” Shares of WWW gained 1.53% to $31.10 yesterday. More Analyst Ratings here.
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Wolverine World Wide (WWW) Profits And Revenues Surge
Tuesday, April 20, 2010 - 7:35am | 112Wolverine World Wide, Inc. (NYSE: WWW) beat Wall Street estimates, while more than doubling its 1st quarter profit. Wolverine World Wide, Inc. reported early Tuesday morning that its net income jumped to $27.5 million, or 54 cents per share, up from $10.5 million, or 21 cents per share, a year...
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Crocs (CROX) is Back, Baby!
Thursday, April 15, 2010 - 3:22pm | 918The surreal world continues. Much like Ambac (ABK) a few days ago, we are seeing stocks lift from the (near) dead. The Greenspan Put Bernanke Forcefield protects all. [3 year chart] Congrats to those who bought in November 2008; a 1000%+ return already. What's next? A Krispey Kreme revival? [...