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Bookkeeping: Closing Netflix (NFLX) Temporarily, Replacing with Spreadtrum Communications (SPRD)
Monday, July 26, 2010 - 12:31pm | 881I like the business model of Netflix (NFLX) more than before the last earnings report, but like the chart much less. I cut back sharply ahead of earnings and mentioned post earnings I'd like to see the stock regain some key moving averages quickly... it has not. Therefore, I am going to sell out...
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Doug Kass Covering Partial Short In Amazon (AMZN)
Monday, July 26, 2010 - 9:52am | 42Doug Kass tweets he is covering part of his short in Amazon. (NASDAQ: AMZN). Shares of Amazon are trading at $116.55, down $2.32 so far in Monday trading.
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Benzinga’s Top Pre-Market NASDAQ Losers (QGEN, ERIC, ASML, AMZN)
Monday, July 26, 2010 - 8:37am | 150Qiagen NV (NASDAQ: QGEN) dipped 1.68% to $18.71 in the pre-market session. With the company losing 3.25% on Friday, QGEN is the top company in the Sciences Tools & Services industry in terms of relative performance. LM Ericsson Telephone Company (NASDAQ: ERIC) lost 1.51% to $11.11 in the pre-...
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Talking Ex-Div. 07-23-2010
Friday, July 23, 2010 - 6:59pm | 769Cusick’s Corner The reality of today’s EU stress test results is that we really do not know what to take from them. Everyone is taking the results with a grain of salt and will be watching for any shift, especially if the economic picture shifts negative. Next week there are a lot of stocks going...
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Not Stressed? 07-23-2010
Friday, July 23, 2010 - 3:25pm | 814Cusick’s Corner The midday trade is tight and there is no directional bias at this stage of the trading day. The stress test results (for the most part) were a non-event and really did not give traders a better view that could potentially influence positioning. Tech looks potentially poised for a...
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Bookkeeping: Short Amazon.com (AMZN)
Friday, July 23, 2010 - 3:24pm | 405First let me say bravo to the dip buyers - a heck of a performance today on Amazon.com (AMZN). Now that's a rebound. That said, the stock has run into resistance again and I have almost no hedges on so this is as good as any. I will short here in the mid $117s (2.5% allocation) and give it about...
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Friday’s Mid-day Options Volume Leaders (BAC, F, C, AMZN, MSFT, SPY)
Friday, July 23, 2010 - 11:33am | 143The overall market is hovering near the flat line this morning; currently the S&P 500 (NYSE: SPY) is higher by less than a point, trading at 1,093. Technically the market is nearing a pattern of congestion; unless significant, bullish data comes to light, traders should expect the market to...
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Citigroup Reiterates Buy Rating on Amazon.com (AMZN)
Friday, July 23, 2010 - 9:40am | 270Citigroup is out with an analyst noted this morning, where it reiterates its Buy rating on shares of Amazon.com (NASDAQ: AMZN); it has a $165.00 price target on the stock. The Citigroup analysts said, “Revenue of $6.57B was modestly ahead of the Street/Citi @ $6.54B/$6.50, while Proforma Operating...
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Goldman Sachs Lowers Price Target on Amazon.com (AMZN)
Friday, July 23, 2010 - 9:39am | 311Goldman Sachs is out with a research report this morning, where it reiterates its Buy rating on Amazon.com (NASDAQ: AMZN); it also lowered its price target from $190.00 to $150.00. The GS analysts said, “2Q revenue was in-line with our estimate (+41% yoy) and 3Q guidance was above our estimate....
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Stock Market News for July 23, 2010 - Market News
Friday, July 23, 2010 - 9:21am | 739The market looked down on Wednesday following the statement by the Fed Chairman that the economic outlook is “unusually uncertain." However, optimism returned yesterday riding on favorable corporate earnings and forecasts, better than expected news from the housing market and an upward move in...
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Benchmark Keeps Buy Rating On AMZN
Friday, July 23, 2010 - 9:09am | 60Analysts at Benchmark reiterated their Buy rating on shares of Amazon.com (AMZN) despite the EPS miss in yesterday's earnings release. However, Benchmark will lower their price target to $135 from $151, but still believes the company has "superior, sustainable growth potential." Amazon.com, Inc....
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Benzinga’s Top Pre-Market NASDAQ Losers (AMZN, SNDK, ERIC, MCRL)
Friday, July 23, 2010 - 8:58am | 129Amazon.com Inc (NASDAQ: AMZN) dipped 11.21% to $106.61 in the pre-market session. AMZN reported a 45% jump in its Q2 earnings. SanDisk Corporation (NASDAQ: SNDK) lost 6.38% to $40.35 in the pre-market session. Apart from reporting better-than-expected Q2 results, SNDK announced the retirement of...
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Amazon Profits Disappoint, But Deutsche Banks Likes Near Term Investments (AMZN)
Friday, July 23, 2010 - 8:38am | 151Amazon (NASDAQ: AMZN) reported weak 2Q profits after the markets closed yesterday. Investors are not impressed, and shares are down more than 10% in pre-market trading. Deutsche Bank urges you to consider buying Amazon after the sudden drop in share price. Analysts Jeetil Patel, Herman Leung, and...
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Trading Plan for July 23, 2010
Friday, July 23, 2010 - 7:11am | 282Current Long Positions (stop-losses in parentheses): What are those? :) Current Short Positions (stop-losses in parentheses): ESV (42.84), WTFC (37.15), SLAB (44.80), ALB (43.59), HIBB (26.65), WRC (40.95), QQQQ (45.83), NSIT (14.79), AA (11.43), DLLR (19.84), HSIC (55.46)...
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After-Hours Movers (ETFC, AMZN, SNDK, CMG)
Thursday, July 22, 2010 - 5:51pm | 174There are some real movers in the after-hours today; here are some highlights: • E*Trade Financial Corp. (NASDAQ: ETFC): ended the session higher by 4.46%, currently higher by another 6.82% in the after-hours. The company beat EPS estimates by $0.23 per share; they beat on revenues as well. •...