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Market Roundup (PCLN, BP, ICE, GD)
Wednesday, August 4, 2010 - 3:00pm | 226The market has accepted Priceline's (NASDAQ: PCLN) story that there is more demand for travel. There has been an increase in booking rates across its travel business. However, strong Q2 results may be as a result of the overestimation of the adverse affect of the Icelandic volcanic eruptions....
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Benzinga’s Volume Movers (PCLN, KNXA, DNDN, WBMD)
Wednesday, August 4, 2010 - 2:18pm | 178priceline.com Incorporated (NASDAQ: PCLN) shares gained 22.36% to $282.25 at 1:05 pm. The volume of PCLN shares traded was 413% higher than normal. PCLN’s Q2 results were well ahead of the Street view. The company has also issued its Q3 projections above the consensus. Kenexa Corporation (NASDAQ:...
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Stocks Hitting 52-Week Highs (BIDU, EXPD, PCLN, CHRW)
Wednesday, August 4, 2010 - 2:10pm | 179Baidu Inc (NASDAQ: BIDU) shares gained 1.64% to create a new 52-week high of $86.18. Robin Li, Founder, Chairman & CEO of BIDU is pursuing a long-term growth strategy for the company after the pullback of Google Inc (NASDAQ: GOOG) from China. Expeditors International of Washington Inc (NASDAQ:...
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Piper Jaffray Reiterates Overweight Rating, Raises Price Target On Priceline (PCLN)
Wednesday, August 4, 2010 - 1:29pm | 103Priceline.com (NASDAQ: PCLN) reported a blowout quarter yesterday after the close which has sent the stock skyrocketing 22% during Wednesday's trading session. In light of the company's earnings results, analysts at Piper Jaffray have raised their price target on the stock from $295 to $308. The...
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Trading Research in Motion (RIMM) in “light” of the BlackBerry Torch
Wednesday, August 4, 2010 - 12:48pm | 1755Research In Motion Limited (NASDAQ:RIMM) shares were “in motion” on Tuesday after the company announced the release of its latest smartphone, the BlackBerry Torch 9800. It will be the first device to run on the BlackBerry 6 operating system. It’s a touch screen phone (with a slide-out keyboard)...
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Top Performing Industries For August 4 (THC, EXPE, EMMS, ERTS)
Wednesday, August 4, 2010 - 11:28am | 218At 10:44 am, the Dow gained 0.05% to 10,642.06, the broader Standard & Poor's 500 index moved up 0.04% to 1,120.96 and the NASDAQ composite index rose 0.14% to 2,286.67. The industries that are driving the market today are: Hospitals: This industry jumped 3.87% by 10:44 am. The top stock within...
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Bookkeeping: Adding Back to Acme Packet (APKT) & VMWare (VMW) Today, Covered Amazon.com (AMZN) Yesterday
Wednesday, August 4, 2010 - 10:25am | 746Just realized my Amazon.com (AMZN) short hit its cover limit order yesterday at $122.25. Hence my only short is gone - the stock actually held in there quite well as a hedge despite the market rallying, until finally the dam burst late yesterday... today we see what happens when a stock breaks...
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Benchmark Capital Raising Price Target To $320 On Priceline.com After Earnings Blowout (PCLN)
Wednesday, August 4, 2010 - 10:04am | 160Benchmark Capital is severely lifting its price target on shares of Priceline.com (NASDAQ: PCLN) after the online travel site reported blow out earnings yesterday. It is lifting its target from $253 all the way to $320. It rates shares at a Buy. In a note to investors Benchmark Capital states, "...
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Company News for August 4, 2010 - Corporate Summary
Wednesday, August 4, 2010 - 10:01am | 397• Priceline (NASDAQ:PCLN) reported sharply better-than-expected sales and earnings for the second quarter. Earnings of $3.09 were sharply above Zacks expectations of $2.47, as revenues of $767.4 million beat estimates of $734 million. Goldman Sachs (NYSE:GS) kept its "buy" rating on the shares,...
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Goldman Raises Estimates And Price Target For Priceline.com
Wednesday, August 4, 2010 - 10:01am | 97Priceline.com, Inc. (NASDAQ: PCLN) beat adjusted EPS estimates from Goldman Sachs by 5% and 17%, respectively, and 3Q guidance is significantly higher than prior consensus estimates. 3Q guidance is at $4.88 over Goldman's estimate of $4.17, with 2Q gross bookings $3.41B (+43%), revenue $767M (+27...
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PCLN Soars On Upbeat Q2 Results
Wednesday, August 4, 2010 - 9:59am | 80Shares of priceline.com Incorporated (NASDAQ: PCLN) are rising as the company posted its Q2 results well ahead of the Street view. PCLN’s shares jumped 19.13% to $274.79 at 9:40 am. The company has also issued its projections for Q3 above the consensus. priceline.com’s shares have jumped 30.76%...
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Benzinga’s Top Pre-Market NASDAQ Gainers (HOLX, FTLK, PCLN, EXPE)
Wednesday, August 4, 2010 - 8:46am | 140Hologic Inc (NASDAQ: HOLX) rose 36.01% to $21 in the pre-market session. Apart from posting better-than-expected Q3 earnings, HOLX has raised its projections for the full year. Funtalk China Holdings Limited (NASDAQ: FTLK) added 17.56% to $8.30 in pre-market trading. FTLK has postponed its ordinary...
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Priceline.com (PCLN) Rides Foreign Markets for Huge Earnings Beat
Tuesday, August 3, 2010 - 5:48pm | 1065While William Shatner gets all the press (and why not?) perhaps many people do not realize Priceline.com (PCLN) gets a huge portion of revenue overseas, especially in Europe. It seems (wait for it) foreign strength combined with cost cutting ("expense control") buoyed yet another domestic company...
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Short Squeeze In Priceline.com After Earnings (PCLN)
Tuesday, August 3, 2010 - 4:40pm | 136Priceline.com (NASDAQ: PCLN) reported very strong second-quarter results after the closing bell on Tuesday, and it looks like short-sellers are scrambling to cover their positions as the stock has surged an incredible 15.63% to $266.72 in the after hours. As of the middle of July, around 10% of...
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Priceline.com Surging After Hours (PCLN)
Tuesday, August 3, 2010 - 4:38pm | 100Priceline.com Incorporated (NASDAQ: PCLN) reported its financial results for the 2nd quarter 2010. Gross travel bookings were up 43.3% over a year ago at $3.4 billion. With revenues of $767.4 million, a 27.1% year-over-year increase, and a gross profit of $445.3 million (a 45.9% year-over-year...