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Benzinga’s Top Pre-Market Losers (FFCH, MTXX, AMZN, SHPGY)
Monday, June 28, 2010 - 8:51am | 158First Financial Holdings Inc (NASDAQ: FFCH) dipped 34.78% to $7.95 in the pre-market session. FFCH’s trailing-twelve-month operating margin is -35.97%. Matrixx Initiatives Inc (NASDAQ: MTXX) lost 1.35% to $4.39 in the pre-market session. MTXX is among the top stocks in the Drug Delivery industry in...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 47
Monday, June 28, 2010 - 8:19am | 1439Year 3, Week 47 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 76.2% (v 70.8% last week) 17 long bias: 21.8% (v 16.8% last week) 2 short bias: 2.0% (v 12.5% last week) [Includes 1 'long dollar'...
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Bookkeeping: Bought some Salesforce.com (CRM), Netflix (NFLX), F5 Networks (FFIV) and TNA ETF
Friday, June 25, 2010 - 1:49pm | 433I think bears had their chance this morning and could not break 1070 convincingly. With 2.5 hours to go and everyone of importance at the Hamptons, I'd expect some 'mark up' action into the close. With 1070 holding, a run to 1100 by Monday (of course in premarket) looks more probable. I've added...
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Post-Earnings Options Strategies in Adobe (NASDAQ:ADBE)
Friday, June 25, 2010 - 8:06am | 1822Shortly following Tuesday night’s earnings release from Adobe Systems (NASDAQ:ADBE), Maxim Group upgraded the stock to “buy” from “hold” and lifted its 12-month price target to $40 from $38. The shares had dipped lower in response to the company’s quarterly earnings, which surprised in terms of...
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GREAT BRANDS OF TOMORROW
Thursday, June 24, 2010 - 3:00am | 437Credit Suisse released a superb piece of research earlier this year on the great brands of tomorrow. CS found that a strong brand is a vastly underappreciated investment thesis. Most interesting, however, is that the strategy approach pays. According to their research the “brand company” index...
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Bookkeeping: Beginning Position in Netflix (NFLX)
Wednesday, June 23, 2010 - 1:09pm | 617While caution on the market in current state, I will continue to maneuver the portfolio a bit in case I am wrong. Netflix (NFLX) will be the 2nd name to the wing of the portfolio known as names where valuation does not matter. (NFLX comes in at a salty 45x forward estimates) Due to the current...
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Benzinga’s Volume Movers (IPSU, CECO, DWA, NILE)
Wednesday, June 23, 2010 - 11:23am | 165Imperial Sugar Company (NASDAQ: IPSU) shares soared 6.50% to $11.79 at 11:02 am. The volume of IPSU shares traded was 70% higher than normal. IPSU’s shares have dipped 2.55% over the past 52 weeks, while the S&P 500 index gained 22.37% in the same period. Career Education Corporation (NASDAQ:...
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Mahaney Likes Google (GOOG) and Amazon (AMZN)
Tuesday, June 22, 2010 - 5:45pm | 118Mark Mahaney of Citigroup appeared on CNBC's Fast Money today and recommended two tech plays for investors. Mahaney likes shares of Amazon (AMZN) and Google (GOOG). Mahaney thinks that these 2 tech titans are undervalued and will do well over the coming year. His top pick in the tech sector is...
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Rally Witnessed In The US Technology Sector Today
Tuesday, June 22, 2010 - 2:15pm | 223Technology stocks are treading in positive territory today, with Apple (NASDAQ: AAPL), Oracle (NASDAQ: ORCL) and Research In Motion Ltd (NASDAQ: RIMM) leading the rally. Shares of RIMM climbed 0.77% to $59.29 by 1:05 pm. The BlackBerry maker will announce its quarterly earnings on Thursday. Apple...
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LG and IRiver Enter the E-Reader Fray
Tuesday, June 22, 2010 - 12:54pm | 204South Korean maker of MP3 players, IRiver, is pairing up with flat-screen company LG Display (NYSE: LPL) to manufacturer e-readers for the global market. The companies hope that their “story” e-reader, already on sale in parts of Europe and Asia, can distinguish itself from the already popular...
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Netflix Attempting to Recover (NFLX, AAPL, AMZN, BBI)
Tuesday, June 22, 2010 - 12:31pm | 136Shares of Netflix (NASDAQ: NFLX) are trying to recover today following a critical Barron's article on Sunday. The financial magazine recommended taking profits in the online movie rental company due to its premium valuation. Barron's said Netflix is hovering around 36 times projected 2011 earnings...
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A Derivative of Apple’s (NASDAQ:AAPL) Success?
Tuesday, June 22, 2010 - 10:00am | 2063So after the market closed yesterday, I took a ride down the street to my dentist’s office for my every-six-months hour of fun and excitement with the hygienist. On my way home, I decided to take a different route that took me right past the Highland Park Apple Store, about a block away from my...
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Stock Market News for June 22, 2010 - Market News
Tuesday, June 22, 2010 - 9:51am | 608Beijing’s weekend promise of a more flexible renminbi invigorated markets across the globe but absence of clear-cut details in China’s pledge had Wall Street wiping off strong early-morning gains in a late-day slide. The Dow average closed down 8 points, after having risen as much as 143 points in...
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Company News for June 21, 2010 - Corporate Summary
Monday, June 21, 2010 - 10:16am | 215• BASF is expected to announce a deal this week to acquire specialty chemical maker Cognis, owned by Goldman Sachs (NYSE:GS) and Permira Advisors, for over $4.1 billion • Amazon.com (NASDAQ:AMZN) announced plans to relaunch an on-line clothing store • BP's (NYSE:BP) internal memo reported the spill...
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Bullish and Bearish Option Strategies for First Solar (NASDAQ:FSLR)
Friday, June 18, 2010 - 8:58am | 1802Thursday morning, Credit Suisse lifted its rating on First Solar (NASDAQ:FSLR) to “outperform” from “neutral,” which is essentially raising a “hold” rating to a “buy.” The firm also bumped the 12-month price target to $150 from $110.20. Credit Suisse analysts expressed that the upside in pricing...