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After Reversal Yesterday, Markets Rip Higher On Dollar Drop
Friday, September 24, 2010 - 11:51am | 263The markets dropped sharply yesterday at the open only to recover and trade flat to higher until 3pm ET. At that time, the markets flushed sharply back to the lows of the day. This was an ugly reversal, one that could have been significant. However, the powers that be had a different idea, one...
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Carl Icahn's Blockbuster Bet
Friday, September 24, 2010 - 10:45am | 283(TheStreet) -- Carl Icahn made a big bet when, as reports claim, he invested in one-third of Blockbuster's (BLOKA) debt. But what exactly does Icahn hope to gain from the once video giant gone bankrupt? The big bet is that Blockbuster will be able to emerge from bankruptcy with nearly no debt and a...
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Benzinga's Top Pre-Market NASDAQ Gainers (ARMH, NFLX, HBAN, NVDA)
Friday, September 24, 2010 - 9:06am | 151ARM Holdings Plc (NASDAQ: ARMH) rose 5.76% to $19.46 in the pre-market session. Media speculations are there that ARMH could receive a buyout bid from Oracle Corporation (NASDAQ: ORCL). Netflix Inc (NASDAQ: NFLX) added 2.57% to $164.59 in the pre-market session. NFLX and NBC Universal Domestic...
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Zings Of The Day (MSFT, SBUX, ABT)
Thursday, September 23, 2010 - 4:22pm | 332Blockbuster (OTCBB: BLOKA) officially filed for bankruptcy this morning, almost 25 years to the day its first store opened in Dallas, TX. The company received $125 million in DIP financing to keep it afloat. Many analysts blame the rise of Netflix (NASDAQ: NFLX) and Coinstar's Redbox (NASDAQ: CSTR...
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A Look Ahead At A Market Pull-Back
Thursday, September 23, 2010 - 4:01pm | 275The market, for the first time this month has seen a fair amount of selling as it fell back below the 1130 breakout level on the S&P. The question on the minds of the bulls is whether this is something to be concerned about or to use as an opportunity for buying stocks on the cheap. The best...
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Coinstar Worth A Pretty Penny Today
Thursday, September 23, 2010 - 3:34pm | 107Shares of Coinstar (NASDAQ: CSTR) are up more than 3% today, as its largest competitor filed for bankruptcy earlier this morning. Blockbuster filed Chapter 11 this morning, as it seeks to better compete with Netflix (NASDAQ: NFLX) and Coinstar's Redbox. Coinstar shares are up 3.2% or $1.36 to $40....
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Consolidation is the Name of the Game 09-23-2010
Thursday, September 23, 2010 - 3:21pm | 905Cusick's Corner Consolidation is the name of the game at this juncture. The market into the Midday continues to stay in a range after an explosive open off the overnight lows. This is a product of uncertainty and decoupling of some sectors, like the Dollar and Gold. The market is now stalling at...
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Thursday - Bubble, Bubble, Toil and Trouble!
Thursday, September 23, 2010 - 2:28pm | 2810By Phil at Phil's Stock World "I'm forever blowing bubbles,Pretty bubbles in the air,They fly so high, nearly reach the sky,Then like my dreams they fade and die.Fortune's always hiding,I've looked everywhere,I'm forever blowing bubbles,Pretty bubbles in the air." Gold, Treasuries...
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Markets Continue Their Upward Swing
Thursday, September 23, 2010 - 12:27pm | 336The markets opened sharply lower today, only to reverse and head higher. After ugly European PMI economic data and U.S. Jobless Claims that came in slightly worse than last week, the markets saw their first major red open in weeks. The SPDR S&P 500 ETF (NYSE: SPY) dropped down to $112.49 after...
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Top Performing Industries For September 23 (CECO, NFLX, BBBY, SIFY)
Thursday, September 23, 2010 - 12:15pm | 205At 11:58 am, the Dow gained 0.08% to 10,747.71, the broader Standard & Poor's 500 index moved up 0.04% to 1,134.78 and the NASDAQ composite index rose 0.65% to 2,349.81. The industries that are supporting the market today are: Education & Training Services: This industry jumped 4.00% by 11:...
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Thursday's Mid-day Options Volume Leaders (AAPL, BAC, NFLX, PBR, C)
Thursday, September 23, 2010 - 11:18am | 156The overall market is flirting with the upside this morning, following a notably lower opening; currently, the S&P 500 (CBOE: SPX) is lower by only 1.24 points, trading at $1,133.20. Tech stocks are outperforming today. Here are your mid-day options volume leaders… 1. Apple Inc. (NASDAQ: AAPL...
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Netflix Bouncing On Blockbuster's Demise
Thursday, September 23, 2010 - 10:18am | 95Shares of Netflix (NASDAQ: NFLX) are up 1.5% today to $159.39, as Blockbuster finally announced it was filing Chapter 11. Blockbuster filed chapter 11 in large part due to the growth of companies such as Netflix (NASDAQ: NFLX) and Coinstar's Redbox (NASDAQ: CSTR). Shares of Netflix have been one of...
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New Kindle Update Available for Android (AMZN)
Thursday, September 23, 2010 - 9:18am | 90Amazon.com, Inc. (NASDAQ: AMZN) today announced that Kindle for Android, the free application that lets users read Kindle books on their Android-powered devices, now includes a number of new features. With the newest update, Kindle for Android now enables customers to search the full text of Kindle...
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Survey Finds Cloud Security Lacking (AMZN, GOOG, CRM)
Thursday, September 23, 2010 - 9:12am | 347PhoneFactor today released the results of its recent survey on the role of security in cloud computing adoption. The survey included more than 300 information technology professionals from a wide variety of industries and looked at their organizations' current and planned use of cloud computing,...
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Piper Jaffray Neutral On U.S. Auto Parts (PRTS)
Thursday, September 23, 2010 - 7:39am | 152Piper Jaffray is Neutral on U.S. Auto Parts (NASDAQ: PRTS) with an $8 price target, as Piper Jaffray expects slight upside surprise in revenue estimates. In the research note, Piper Jaffray writes, "We continue to expect upside to Street revenue in the September quarter. (We are at $68.5 million in...