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Low Yields, Consumer Confidence, Income Impact 06-28-2010
Monday, June 28, 2010 - 6:45pm | 720Cusick’s Corner Volume stayed light and the market stayed range bound into the After Hours. What was interesting to watch is the precipitous fall of bond yields, the 10 yr pulling back to 3.02%, signaling a stronger case for potential deflation. This move into the fixed income arena could be a...
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Four Sectors Worth Watching 06-28-2010
Monday, June 28, 2010 - 2:52pm | 692Cusick’s Corner The market has been in a tight but whippy range going into the Midday. I am keeping an eye on four key sectors, Consumer Discretionary (XLY), Financials (XLF), Tech (XLK), and Industrials (XLI). If this market is going to see any potentially meaningful market shift to the upside,...
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Call Spread Purchased on The Home Depot (HD)
Monday, June 28, 2010 - 2:00pm | 143Shares of The Home Depot Inc. (NYSE: HD) are lower on the session by 1.62%, currently trading at $29.71. The stock has been moving lower for the past two months, but is now nearing a long-term, upward trending support line. Calls buyers are targeting the name today as well. The August $32/34 call...
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6-28-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Monday, June 28, 2010 - 12:09pm | 3204Stocks turn positive despite report that consumers remain cautious Stocks turn positive in light of a report that signaled consumers remain cautious about spending. The modest gain in stocks comes ahead of a big week of economic data, including the government’s monthly jobs report on Friday....
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Improvement Required In Home Improvement; Barron’s (LOW, LL, PIR)
Monday, June 28, 2010 - 9:35am | 255Home improvement stocks along with the retail sector have been losing ground lately and are expected to continue losing in the coming weeks, moving opposite to the Dow Jones Industrial Average, which has been considerably up from its early June low. According to Barron’s, Lowes’ (NYSE: LOW) stock...
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Market Below 200-Day MA 06-23-2010
Wednesday, June 23, 2010 - 6:56pm | 706Cusick’s Corner The market finished the day below long-term moving averages, both the SPX and the INDU closed below the 200-Day MA, so there is some work if the upside has any legs. The data tomorrow will be telling, especially if the claims come in higher, above 460K, which is potentially...
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Housing Stocks Bottom Off Ugly Data
Wednesday, June 23, 2010 - 1:11pm | 279The market moved lower early as more homes sales data shocked Wall Street. The Commerce Department reported new home sales crashed 33% in the month of May. Sales fell to a seasonally adjusted rate of 300,000, this is the lowest rate of all time. Analysts were expecting a drop of 20%. The markets...
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Panasonic Allies with LodgeNet - Analyst Blog
Tuesday, June 22, 2010 - 7:51pm | 645Panasonic Corp. (PC) entered into a licensing agreement with LodgeNet Interactive Corp. (LNET). LodgeNet is a leading provider of unique media and connectivity solutions. To serve the hospitality industry, Panasonic will integrate LodgeNet's b-LAN (broadband local area network) technology into its...
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Some Positioning Ahead Data 06-22-2010
Tuesday, June 22, 2010 - 7:32pm | 790Cusick’s Corner The trade turned south into the After Hours, in part due to disappointing housing data (as mentioned in the Midday) and ahead of the release of New Homes Sales in tomorrow’s premarket, plus the upcoming FOMC decision. With these erratic moves over the last two days shaking out the...
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6-22-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Tuesday, June 22, 2010 - 11:35am | 3806Stocks trade in tight range amid European debt worries Fresh concerns about Europe’s sovereign debt crisis are keeping the stock market in check Tuesday. Stocks are trading in a narrow range after Fitch Ratings cut its view on a major European bank and ahead of the start of the Federal Reserve’s...
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AKAM Boosts Online Social Gaming - Analyst Blog
Thursday, June 17, 2010 - 12:48pm | 600Through its online enterprise applications, Akamai Technologies Inc. (AKAM) is helping online social gaming companies such as PopCap Games, Perfect World and Mindjolt to expand their scale and global reach and manage daily traffic around releases and updates of new and existing games smoothly. ...
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Bleak Housing Starts Data Leads Retail Sector In The Red Today
Wednesday, June 16, 2010 - 2:14pm | 189Retail stocks dropped today on news of the US home builders curbing construction beyond expectations. It triggered further anticipation that construction materials and home related products’ demand may be adversely affected. The S&P Retail Index (RLX) inched up 1.27%, to 441.69 by 12:48 pm....
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US Stocks Finished In The Black On Friday As Fears Over European Debt Ebbed
Monday, June 14, 2010 - 5:59am | 265US stocks posted gains on Friday and ended the second week of June in the positive territory. Investors looked beyond the disappointing May retail sales data and concentrated on optimistic consumer sentiments. Concerns over European debt woes also ebbed. The Dow Jones Industrial Average kept...
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Akamai Buys Velocitude - Analyst Blog
Friday, June 11, 2010 - 2:15pm | 472Akamai Technologies Inc. (AKAM) recently announced that it has completed the acquisition of Velocitude, a mobile services platform that uses cloud computing. However, terms of the deal were not disclosed. The merger is expected to strengthen Akamai’s strategic position in the mobile market. By...
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Citi's Take on Lowe's 1Q10 10-Q, Still Recommends Home Depot (LOW, HD)
Thursday, June 10, 2010 - 11:09am | 130Citi analyst Deborah Weinswig reiterated a Hold rating for Lowe's (NYSE: LOW). Lowe's has a target price of $28.00, according to Weinswig. LOW is currently trading at $23.55. Citi recommends Home Depot (NYSE: HD) over Lowe's, as it believes HD can deliver better EPS growth as it benefits from...