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Options Expiration Week Could Mean More Surprises
Thursday, October 14, 2010 - 10:16am | 408This is the first time in quite a while that this week does not feel like an options expiration week. The major stock indexes seem to go higher everyday that the U.S. Dollar Index declines and everything seems rosy. However, let the games begin and they will be played. The reason that I say options...
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Piper Jaffray Remains Cautious On PetMed
Thursday, October 14, 2010 - 7:09am | 141Piper Jaffray has published a research report on PetMed Express (NASDAQ: PETS) despite the fact that operating challenges are currently troubling the company. In the report, Piper Jaffray writes "We remain cautious on shares of PETS ahead of the company's FQ2 results, expected to be released before...
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Priceline.com Upgraded to Outperform
Wednesday, October 13, 2010 - 9:27am | 25Morgan Keegan has upgraded Priceline.com (NASDAQ: PCLN) from Market Perform to Outperform with a $420 price target.
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Amazon.com Downgraded To Hold
Wednesday, October 13, 2010 - 9:13am | 168Benchmark has published a research report on Amazon.com (NASDAQ: AMZN) and has downgraded the company to Hold. In the report, Benchmark writes "We lower our rating on Amazon (AMZN-PT$165) from Buy to Hold because we believe the 25% run-up in its share price since August 31 versus a 14% gain for the...
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Benchmark On The Internet Sector
Wednesday, October 13, 2010 - 9:09am | 403Benchmark has downgraded the Internet sector from Overweight to Market Weight and core internet holdings currently are believed to be Expedia (NASDAQ: EXPE), Google (NASDAQ: GOOG) and Priceline.com (NASDAQ: PCLN). In the report, Benchmark writes "The Internet Holdings Company Depositary Receipts...
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Goldman Sachs' Global Internet Notables Summary
Tuesday, October 12, 2010 - 7:52am | 253Goldman Sachs has published a research report on Global Internet Notables for the week of October 11, 2010. In the report, Goldman Sachs writes "For the week ending Monday, October 11, 2010, the market-weighted Internet average increased 1.7% week over week, underperforming the NASDAQ, up 2.5%, and...
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Priceline.com Continually Viewed as One of the Best Growth Assets in the Internet Sector
Monday, October 11, 2010 - 1:25pm | 132Given Citigroup's 2010 outlook for 40%+ International Room Night growth, 30%+ total Bookings growth, and 30%+ EBITDA growth, the company continues to view Priceline.com, Inc. (NASDAQ: PCLN) as one of the best growth assets in the Internet Sector. Citigroup believes that Priceline maintains...
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Netflix Fundamentals Call for Q3 is Positive; Hold Rating and Price Target Maintained
Monday, October 11, 2010 - 1:15pm | 120When Netflix, Inc. (NASDAQ: NFLX) makes its report on October 20th, Citigroup will be looking for $553MM in revenue and GAAP EPS of $0.72, vs. Street estimates of $551MM and $0.71. Based on intra-quarter data and channel checks, management public commentary, and Citigroup's own model sensitivity...
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Positive Search Trends for IAC's Third Quarter; Fundamentals Call is Mixed
Monday, October 11, 2010 - 1:00pm | 164Citigroup's Q3 Search Channel Checks have turned up consistently positive incremental reads for IAC/InterActiveCorp (NASDAQ: IACI). “Key SEMs we talked with expect solid % Q/Q growth in Search spend for Q3, up mid-single digits to low double digits,” Citigroup writes. “Our checks have also...
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Citigroup Reiterates its Buy Rating for Expedia; Expects Revenue of $910MM
Monday, October 11, 2010 - 12:30pm | 163Citigroup has reiterated its Buy rating and $28 price target for Expedia, Inc. (NASDAQ: EXPE). This is partially due to the fact that Expedia shares have modestly outperformed the market YTD. Expedia is expected to report on October 28th. Citigroup is looking for revenue of $910MM, OIBA (operating...
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Amazon Street Q3 Estimates are Ballpark Reasonable, Citigroup Reports
Monday, October 11, 2010 - 11:21am | 113Citigroup, Inc. believes that the Amazon.com, Inc. (NASDAQ: AMZN) Street Q3 estimates are ballpark reasonable. This is based on intra-quarter data points and channel checks, as well as Citigroup's own model sensitivity work, its own FX analysis, and its own Macro read. With regard to Amazon's...
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Top Performing Industries For October 11 (NFLX, ACH, CGA, ASTI)
Monday, October 11, 2010 - 11:01am | 200At 10:47 am, the Dow lost 0.03% to 11,003.98, the broader Standard & Poor's 500 index moved down 0.03% to 1,164.85 and the NASDAQ composite index rose 0.01% to 2,402.07. The industries that are still afloat in the market today are: Music & Video Stores: This industry jumped 2.72% by 10:47...
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Jefferies: Internet Stocks Have Monster September
Monday, October 11, 2010 - 8:55am | 145Internet stocks rose by a whopping 22% during 3Q10 vs. S&P500, which was up 11%. During the month of September, the group was up 15%. Improving consumer confidence and receding fears of a double dip have lifted valuations but also raised investors'expectations,likely leading to increased...
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Dan Nathan's Netflix (NFLX) Trade
Sunday, October 10, 2010 - 1:34pm | 168On CNBC's Options Action, Dan Nathan said that Netflix, Inc. (NASDAQ: NFLX) is a stock that is up 170%, and this drives contrarian traders in. But Dan Nathan wouldn't even thinks to short Netflix (NFLX), because he believes that it could go up another $50 in a blink of an eye. Instead, he...
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Zings Of The Day
Friday, October 8, 2010 - 4:12pm | 130Microsoft (NASDAQ: MSFT) CEO Steve Ballmer and Adobe (NASDAQ: ADBE) CEO Shantanu Narayen apparently met in secret the other day, and some are speculating on a merger. In addition to merging, the two companies will launch a TV series entitled "I love the 90's: Strikes Back." Amazon (NASDAQ: AMZN)...