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DISH Shares Jump On Report Company Is Planning To Offer Blockbuster Streaming Service To Compete With Netflix
Friday, September 2, 2011 - 3:05pm | 254Bloomberg is reporting that DISH Network (NASDAQ: DISH) is planning on introducing a Blockbuster streaming-movie service which will compete with Netflix (NASDAQ: NFLX). The service is set to be unveiled next month according to the report. According to Bloomberg's sources, DISH designed the timing...
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UPDATE: Morgan Keegan Lowers PT on Netflix to $240
Friday, September 2, 2011 - 8:40am | 90Morgan Keegan is out with its report today on Netflix (NASDAQ: NFLX), lowering its PT from $295 to $240. In its report, Morgan Keegan writes, "NFLX shares will clearly face near-term pressure as 1) price changes and 2) Starz create uncertainties around gross adds, churn, and GM. Reduce PT to $240...
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Stifel Nicolaus Maintains Hold on Netflix
Friday, September 2, 2011 - 8:34am | 117Stifel Nicolaus is out with its report today on Netflix (NASDAQ: NFLX), maintaining Hold. In its report, Stifel Nicolaus writes, "We maintain our Hold rating on shares of Netflix, which currently trade at an EV multiple 14.6x our 2012 adjusted EBITDA estimate of $848.3 million. We have not...
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Jefferies Maintains Hold on Netflix
Friday, September 2, 2011 - 7:53am | 120Jefferies is out with its report today on Netflix (NASDAQ: NFLX), maintaining Hold. In its report, Jefferies writes, "Starz ended renewal negotiations for the contract, which essentially provided NFLX with newer movie content from Sony Pictures and Disney. While this leaves a hole in NFLX's newer...
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Pre-Market Movers; Finisar up Over 8%
Friday, September 2, 2011 - 7:52am | 123Finisar Corporation (NASDAQ: FNSR) +8.55% on upbeat earnings that were reported yesterday after the close. Parker Drilling Company (NYSE: PKD) +16.43% on heavy volume Netflix (NASDAQ: NFLX) -9.76% after Starz Programming negotiations failed yesterday. H&R Block (NYSE: HRB) -7.44% on despite...
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Merriman Maintains Neutral on Netflix
Friday, September 2, 2011 - 7:35am | 115Merriman is out with its report today on Netflix (NASDAQ: NFLX), maintaining Neutral. In its report, Merriman writes, "While we continue to believe Netflix management continues to make the right decisions to secure long-term growth opportunities by expanding beyond the domestic market, we remain...
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Morgan Keegan Lowers PT On Netflix To $240
Friday, September 2, 2011 - 7:11am | 27Morgan Keegan has lowered the price target on Netflix (NASDAQ: NFLX) from $295 to $240 and maintains its Market Perform rating.
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UPDATE: Bank of America Merrill Lynch Lowers PO on Netflix to $285
Friday, September 2, 2011 - 6:57am | 133Bank of America Merrill Lynch is out with its report today on Netflix (NASDAQ: NFLX), lowering its PT to $285 from $335. In its report, Bank of America Merrill Lynch writes, "Starz just published a press release announcing that they are withdrawing from contract renegotiations with Netflix to...
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Benzinga's Top Pre-Market Losers
Friday, September 2, 2011 - 6:46am | 129Netflix Inc (NASDAQ: NFLX) fell 8.48% to $213.50 in the pre-market trading. Starz has ended talks to renew its streaming deal with NFLX. Bank of America Corporation (NYSE: BAC) dipped 3.54% to $7.63 in the pre-market session. The New York Times reported that the Federal Housing Finance Agency may...
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Bank of America Lowers PO On Netflix To $285
Friday, September 2, 2011 - 4:41am | 27Bank of America has lowered the price objective on Netflix (NASDAQ: NFLX) from $335 to $285 and maintains its Buy rating.
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10 Stocks That Avoid the September Slump
Thursday, September 1, 2011 - 12:40pm | 125(TheStreet) -- This year's cruel summer in stocks may get worse if history serves as a guide. The S&P 500 has recorded an average decline of 0.4% in September over the past 40 years, the worst month for the benchmark index, according to Capital IQ. The Dow Jones Industrial Average tends to...
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E-Commerce: An Elixir for Your Portfolio in an Uncertain Economy
Thursday, September 1, 2011 - 12:24pm | 845At a time when continuing growth of the U. S. economy appears not so certain, investors often look to overweight industries that can continue to grow. E-commerce is an industry that fits the bill. According to Forrester Research, U. S. e-commerce industry grew by 12.6% to $176 billion in 2010 and...
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Single Touch Systems Cites Patent Ownership in "Letter of Notification" to Netflix
Thursday, September 1, 2011 - 10:39am | 210Single Touch Systems Inc. (OTC: SITO) today announced that on August 31, it issued a “Letter of Notification” to Netflix, Inc. (NASDAQ: NFLX) regarding Single Touch's issued patents directed to streaming and routing media, including U.S. Patent Nos. 7,054,949, 7,191,244, and 7,689,706. With more...
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10 Stocks That Avoid the September Slump
Thursday, September 1, 2011 - 9:18am | 125(TheStreet) -- This year's cruel summer in stocks may get worse if history serves as a guide. The S&P 500 has recorded an average decline of 0.4% in September over the past 40 years, the worst month for the benchmark index, according to Capital IQ. The Dow Jones Industrial Average tends to...
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Top 4 Small-Cap Stocks In The Consumer Services Industry With The Highest ROE
Thursday, September 1, 2011 - 3:16am | 139Below are the top small-cap consumer services stocks on the NYSE, the NASDAQ and the AMEX in terms of return on equity. The trailing-twelve-month return on assets at Standard Parking Corporation (NASDAQ: STAN) is 50.96%. STAN's revenue for the same period is $726.84 million. The trailing-twelve-...