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Goldman Sachs Surges While Amazon Runs Wild
Tuesday, May 25, 2010 - 12:58pm | 183Goldman Sachs Group, Inc. (NYSE: GS) and Amazon.com, Inc. (NASDAQ: AMZN) were two of the few stocks to post gains today. Both stocks showing signs of life in sectors that are getting beaten up today. Goldman is trading at $139.40 +$2.71 (1.98%) while Amazon.com is trading at $122.46 +$0.34 (0.28...
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Afternoon Market Update (SNE, TWX, NFLX, AAPL, PVH)
Tuesday, May 25, 2010 - 12:05pm | 234Sony Corp (NYSE: SNE) has decided to offer the HBO programs of Time Warner Inc (NYSE: TWX). These programs will be offered through Sony’s PlayStation 3 in the latest of a line of deals, positioning the maker of video-game-console as a media and entertainment distribution channel. SNE has also...
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Calls Purchased on Overstock (OSTK)
Monday, May 24, 2010 - 11:56am | 96Shares of Overstock.com (NASDAQ: OSTK) are higher on the session today by 0.91%, currently trading $23.26. The stock is also seeing call buying in the name today as well with the June $30 call purchased on the offer over 2,000 times. Open interest on the strike is currently 1,187 contracts; this...
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Top Performing Industries For May 21 (PUDA, NFLX, LIWA, LVS)
Friday, May 21, 2010 - 2:45pm | 222By 1 pm, Dow had risen 66.05 points, or 0.66%, to 10,134.06, while the broader Standard & Poor's 500 index had climbed 8.96 points, or 0.84%. The Nasdaq composite index had also soared 21 points, or 0.95%. The industries that are helping the market keep afloat today are: Industrial Metals...
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Overstock.com Flying Today (OSTK)
Friday, May 21, 2010 - 11:39am | 96Shares of Overstock.com (NASDAQ: OSTK) are flying higher this morning on heavier than average volume. OSTK has gained 9.22% to $22.74 during morning trading. More than 328,000 shares have already changed hands compared to a daily average of 362,000. During the last three months, OSTK has gained 87...
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Top Analyst Upgrades and Downgrades (AMZN, MT, CVS, DELL, FDX, GERN, GFIG, HPQ, RTP, UPS, WAG, WFC, WFMI)
Thursday, May 20, 2010 - 8:10am | 392By John Tamny of Forbes Market commentators are pointing to the dollar’s surge against other paper currencies, quiescent producer prices, looming government austerity in Europe, and “asset deflation” as signals of the monetary phenomenon that is deflation. All four pervert deflation’s true meaning...
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Market Jittery 05-19-2010
Wednesday, May 19, 2010 - 4:18pm | 784Cusick’s Corner This market is chalk full of emotion, starting with the Euro bounce, which should start to help oversold Energies in the face of Germany’s short ban. We also had speculation into the midday that the derivative compromise by Senator Dodd was in jeopardy of being pulled. This news...
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Priceline.com Continues To Move Lower (PCLN)
Wednesday, May 19, 2010 - 2:20pm | 93Shares of Priceline.com are moving lower again today on heavier than average volume. The stock has lost 0.78% to $191.36. Over the last month, PCLN has been a tremendous short, as the stock has fallen 22.71%. On the day, 1.89 million shares have traded hands compared to a daily average of 1.46...
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Amazon To Launch New Publishing Unit (AMZN)
Wednesday, May 19, 2010 - 12:10pm | 141Amazon (NASDAQ: AMZN) is planning to launch a publishing unit, AmazonCrossing, for producing English-language translation of foreign-language books. Jeff Belle, Amazon’s (AMZN) vice president of books, said, “A very small percentage of books are translated from foreign languages into English and...
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Benzinga's After Hours Gainers (CECO, NYX, PCLN)
Tuesday, May 18, 2010 - 6:09pm | 303U.S. equity markets were bleeding red today as the deterioration of the Euro continued, sending investors fleeing out of riskier assets. The Dow Jones Industrial Average closed 114.88 points lower at 10,510.95 on the session. Among the notable names moving higher in the after hours are Career...
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Priceline.com Acquires UK Car-Hire Reservation Service
Tuesday, May 18, 2010 - 4:43pm | 117Priceline.com (NASDAQ: PCLN) said late Tuesday that it has acquired U.K.-based car-rental company TravelJigsaw Ltd. Terms of the deal were not disclosed. According to Dow Jones, Priceline.com said it plans to keep TravelJigsaw's current management team, who will hold a minority ownership stake in...
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Benzinga’s Top Pre-Market Losers (COCO, NFLX, HAUP, VOD, ARMH)
Tuesday, May 18, 2010 - 8:47am | 178Corinthian Colleges Inc (NASDAQ: COCO) tumbled 3.69% to $15.40 in the pre-market session. COCO is presenting its company’s overview at the Bank of America Merrill Lynch 2010 services conference. Netflix Inc (NASDAQ: NFLX) lost 3.15% to $103 in the pre-market session. Analysts at Merriman...
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Nasdaq Stocks Lead Market Into Positive Territory (SNDK, NFLX, TIVO)
Monday, May 17, 2010 - 4:07pm | 132Stocks staged a very strong rally this afternoon, after incurring substantial losses during morning trading. All of the major market indices were able to fight their way back into positive territory by the close. The Nasdaq was the clear leader, gaining 0.31% to 2,354. The Dow Jones Industrial...
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This Day in Broken Momentum Stocks: Priceline.com (PCLN)
Monday, May 17, 2010 - 1:48pm | 619Despite seeing it hundreds of times, it is still breathtaking to see what happens when a momo stock - a stock that is teflon and can do nothing wrong, that simply rises day after day, week after week, where valuation means little - is abandoned. [Apr 29, 2010: When Momentum Stocks Attack: Green...
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Amazon.com (AMZN) Strategies for Bulls and Bears
Monday, May 17, 2010 - 11:57am | 1781Late last week, Caris & Co. initiated coverage on four major Internet stocks: Google (NASDAQ: GOOG), eBay (NASDAQ: EBAY), Yahoo! (NASDAQ: YHOO), and Amazon.com (NASDAQ: AMZN). GOOG was given an “average” rating but the other three were named a “buy.” For AMZN, the covering analyst gave the...