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Reevoo Raises Funds
Wednesday, June 30, 2010 - 12:23pm | 149Reevoo, the online customer review start up, has raised a Series B funding from its existing investors Eden Venture, Banexi Ventures and Andrew Phillipps. According to TechCrunch, the terms of the funding haven’t been disclosed, however, it is known that the expansion capital will be used to grow...
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Morgan Keegan: Netflix Has 'Little to Worry About From Hulu Plus' (NFLX)
Wednesday, June 30, 2010 - 10:10am | 154Following news that Hulu will be offering a monthly subscription option, Morgan Keegan reaffirmed its Overweight rating on shares of Netflix (NASDAQ: NFLX) this morning. Conceding that Hulu Plus has a lot of recent content, Morgan Keegan notes that "Netflix offers a large base of cable and premium...
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Benzinga’s Top Pre-Market Losers (CELG, VOD, NFLX, RIMM)
Wednesday, June 30, 2010 - 8:45am | 155Celgene Corporation (NASDAQ: CELG) dipped 2.80% to $51.75 in the pre-market session. CELG has agreed to buy Abraxis BioScience Inc (NASDAQ: ABII) in a cash and stock deal amounting to $2.9 billion. Vodafone Group Plc (NASDAQ: VOD) lost 1.64% to $21.05 in the pre-market session. Analysts at Credit...
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Benzinga’s Top Downgrades (ANDS, FTE, PT, NFLX)
Wednesday, June 30, 2010 - 7:40am | 144Anadys Pharmaceuticals Inc (NASDAQ: ANDS) was downgraded by Roth Capital from “buy” to “hold.” ANDS’ shares closed at $2.11 yesterday. Anadys Pharmaceuticals’ trailing-twelve month ROI is -184.98%. Goldman Sachs downgraded France Telecom SA (NYSE: FTE) from “buy” to “neutral.” FTE’s shares closed...
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Amazon Completely Crushed (AMZN)
Tuesday, June 29, 2010 - 3:45pm | 89I would like to draw your attention to the chart of Amazon.com (NASDAQ: AMZN). The shares have lost over 8% today and are trading at $108.28. Volume has been heavy, with around 8 million shares trading hands compared to a 3-month daily average of under 7 million. On a year-to-date basis, AMZN has...
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Gap Fill Warning on Amazon (AMZN)
Tuesday, June 29, 2010 - 12:57pm | 172Amazon (AMZN) has had a stellar run since it’s March 2009 lows and really kicked it into high gear last October leaping about 20% in one day and continuing it’s run over $150 a share at it’s peak in April. This stock has maintained it’s status as a market leader, unfortunately it has been leading...
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Amazon.com (AMZN) to Fill October 2009 Gap?
Tuesday, June 29, 2010 - 11:59am | 551Thanks to reader Kevin for pointing this name out, it has been off my radar. Amazon.com (AMZN) made a nice higher high in April 2010 (no "double top" or anything of the sort) but has been weak of late. Obviously the iPad hurts its Kindle line but that is not exactly their core line. Valuation...
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BKS Tumble On Posting Wider Q4 Loss
Tuesday, June 29, 2010 - 10:35am | 162Shares of Barnes & Noble Inc (NYSE: BKS) tumbled as the company reported larger Q4 loss for the fourth quarter. The US bookseller also forecasted a loss for its fiscal first quarter. The New York-based company reported a loss of $0.58 per share for the quarter, as compared to a loss of $0.05...
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Tesla (TSLA) Drives onto the Nasdaq
Tuesday, June 29, 2010 - 9:27am | 1909Shares of Tesla are expected to hit the public stock market today with a $244 million offering. Tesla will be the first American automaker to be listed on a major exchange since Ford Motor, which went public in 1956. But before you get all excited, be sure you do your homework. Keep in mind that...
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"Mad Money Lightning Round:" Jim Says BMY Better Than PFE At The Moment
Tuesday, June 29, 2010 - 7:12am | 281In his "Mad Money Lightning Round" on Monday, Jim Cramer said that Palm (NASDAQ: PALM) is no longer a trade as it is going to be acquired soon. He mentioned that traders should now be focused on Apple (NASDAQ: AAPL). Shares of AAPL lost 0.71% in pre-market trading. Although Best Buy (NYSE: BBY)...
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Low Yields, Consumer Confidence, Income Impact 06-28-2010
Monday, June 28, 2010 - 6:45pm | 720Cusick’s Corner Volume stayed light and the market stayed range bound into the After Hours. What was interesting to watch is the precipitous fall of bond yields, the 10 yr pulling back to 3.02%, signaling a stronger case for potential deflation. This move into the fixed income arena could be a...
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Four Sectors Worth Watching 06-28-2010
Monday, June 28, 2010 - 2:52pm | 692Cusick’s Corner The market has been in a tight but whippy range going into the Midday. I am keeping an eye on four key sectors, Consumer Discretionary (XLY), Financials (XLF), Tech (XLK), and Industrials (XLI). If this market is going to see any potentially meaningful market shift to the upside,...
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Late Market Roundup
Monday, June 28, 2010 - 2:08pm | 298Shares of Amazon.com (NASDAQ: AMZN) fell about 2% after analysts at Susquehanna Financial Group downgraded the company from “positive” to “neutral.” According to the analysts, the Kindle e-reader is facing competitive pressures in the market, which can cause concern among investors. Crude futures...
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Calls Purchased on Expedia (EXPE)
Monday, June 28, 2010 - 1:22pm | 165Shares of Expedia Inc. (NASDAQ: EXPE) are higher on the session by 1.12%, currently trading at $19.78. The stock has been running largely lower over the past six months and is currently trading in a technical downtrend. Options traders are picking up some calls today. The October $25 call was...
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Company News for June 28, 2010 - Corporate Summary
Monday, June 28, 2010 - 10:20am | 194• Noble (NYSE: NE) announced that it agreed to acquire privately-held FDR Holdings LTD for $2.16 billion in cash • Valspar (NYSE: VAL) agreed to purchase Australian paint manufacturer Mattyl for about $124 million • Kellogg (NYSE: K) announced a recall of four cereal brands over taste and smell...