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Jeremy Siegel: Bonds Are The Next Bubble
Wednesday, August 18, 2010 - 9:36am | 393Jeremy Siegel and Jeremy Schwartz have some interesting thoughts on the next bubble being blown in the United States and that is debt. Both corporate and government bonds. They're not alone. In an op-ed written at the Wall Street Journal, Siegel and Schwartz say that bonds, and in particular...
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Benzinga’s Top Pre-Market NASDAQ Losers (PNNT, NFLX, ACGY, ARMH)
Wednesday, August 18, 2010 - 8:44am | 133PennantPark Investment Corporation (NASDAQ: PNNT) dipped 6.09% to $10.02 in the pre-market session. PNNT has announced its plans for an underwritten public offering of 4 million shares. Netflix Inc (NASDAQ: NFLX) lost 1.81% to $130.56 in the pre-market session. Morgan Stanley has lowered its EPS...
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Benchmark Capital Expects Expedia To Benefit From Recovery In Travel Demand (EXPE)
Wednesday, August 18, 2010 - 8:37am | 169Benchmark Capital has a $31 price target and Buy rating on online travel site Expedia, Inc. (NASDAQ: EXPE) and says the company is poised to benefit from the ongoing recovery in travel. In the research note, Benchmark Capital writes, "Expedia (EXPE-BUY, PT $31) should benefit from the ongoing...
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Benchmark Capital Raising Price Target On Amazon As E-Commerce Heats Up In July (AMZN)
Wednesday, August 18, 2010 - 8:32am | 144Benchmark Capital is raising its price target on Amazon.com, Inc. (NASDAQ: AMZN) to $148 from $135 as e-commerce shot up 9% in July. It rates shares of the online retailer at Buy. In the research note Benchmark Capital writes, "Despite recent moderation in traditional retail sales and uncertainty...
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U.S. Auto Parts Completes Acquisition of the Whitney Automotive Group (PRTS)
Tuesday, August 17, 2010 - 4:13pm | 73U.S. Auto Parts (NASDAQ: PRTS) today announced that it has completed the acquisition of the Whitney Automotive Group for the purchase price of $27.5 million and assumption of approximately $11 million in trade-related and other payables. Whitney Automotive Group is expected to have $110 - $120...
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Panasonic Expands VIERA Series - Analyst Blog
Tuesday, August 17, 2010 - 3:56pm | 868A leading manufacturer of High Definition (HD) televisions, Panasonic Corp. (PC) recently launched a new VIERA GT25 series of full HD three dimensional (3D) Plasma televisions, expanding its premier VIERA brand. The GT25 series has 600Hz sub-field drive; 1080 pixel full HD resolution; 1080 lines...
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Priceline.com Rallying On Heavy Volume (PCLN)
Tuesday, August 17, 2010 - 11:03am | 98Shares of white-hot Priceline.com (NASDAQ: PCLN) have broken through the $300 level during Tuesday's trading session and appear to be off to the races in early trading. Buying pressure has been sustained throughout the first hour and a half of the session and the stock has risen 4.03% to $306.25....
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PetMed Downgraded to Underperform - Analyst Blog
Tuesday, August 17, 2010 - 10:43am | 394We have recently downgraded PetMed Express (PETS) to Underperform with a target price of $15.00. PetMed Express, the largest Pet Pharmacy in the US, began fiscal 2011 on a disappointing note. The company reported fiscal first quarter 2011 EPS of $0.32, below the Zacks Consensus Estimate of $0.38...
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Bookkeeping: Trio of Morning Sales - Potash (POT), Netflix (NFLX), Riverbed Technology (RVBD)
Tuesday, August 17, 2010 - 9:42am | 1076We've had two days in a row of bad housing metrics, weak guidance from Lowe's and not such great data from Home Depot and Walmart, but the dip buyers came in yesterday morning and the Potash news has a bid under the market today. I said in the weekly summary the best hope for bulls is not that...
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Amazon.com Stays Strong In Quiet Monday Trading
Monday, August 16, 2010 - 2:02pm | 155Amazon.com, Inc. (NASDAQ: AMZN) recovered quickly from sub par earnings and rallied higher just weeks ago. It pulled back last week after hitting key resistance at $130.00. The pull back took it to a beautiful support level on the daily 20 moving average. That was the low today and since then...
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Coinstar Rising After Barron's Article (CSTR)
Monday, August 16, 2010 - 1:15pm | 204Over the weekend, Barron's did a write up on Coinstar's (NASDAQ: CSTR) success with their RedBox DVD kiosks. RedBox rents DVDs through thousands of self-service kiosks in supermarkets, drug stores and fast-food restaurants for just $1 a day. RedBox is now the second largest player in the DVD rental...
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Trading the Trend in Netflix (NFLX)
Monday, August 16, 2010 - 12:41pm | 1896Netflix (NASDAQ:NFLX) endured a bit of a setback in the days following its July 21 earnings announcement. The stock tumbled nearly 23% from peak to valley in just eight days and breached the 100 mark. Since August began, however, that downward pressure is only a distant memory. The shares have...
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What's Hot On TheStreet
Monday, August 16, 2010 - 12:15pm | 307Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet BP Oil Spill Winner: Tale of a Little Guy Winners in the BP (NYSE: BP) gulf oil spill crisis are few and far between, but Ron Rybacki is among them. Rybacki owns a BP station at a busy intersection in Charlotte's...
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Bookkeeping: Weekly Changes to Fund Positions Year 4, Week 2
Monday, August 16, 2010 - 8:00am | 2519Year 4, Week 2 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 72.7% (v 62.5% last week) 21 long bias: 23.2% (v 32.4% last week) 2 short bias: 4.1% (v 5.1% last week) 23 positions (vs 27 last week)...
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Are iPads Eroding E-Reader Sales? - Analyst Blog
Friday, August 13, 2010 - 1:07pm | 597The budding e-reader space suddenly sees its work cut out. Apple’s (AAPL) iPad tablet, launched in April this year, is believed to be stealing sales and forcing e-reader makers to slash prices. Even those with a head start are feeling the heat, and with several new entrants flocking into the...