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Netflix Surging On High Volume (NFLX)
Monday, May 17, 2010 - 10:50am | 151Netflix (NASDAQ: NFLX) is moving higher again today, after stumbling on Friday as a result of a couple of analysts' downgrades. On the day, NFLX shares have gained 4.54% to $105.13. Volume will likely exceed daily averages, with 1.54 million shares already trading hands in the first hour of trading...
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How To Solve State Deficits (AMZN, OSTK)
Friday, May 14, 2010 - 1:48pm | 136The cure for state deficits? Taxes, of course. A bill is expected to be introduced this summer that would allow states to collect sales taxes on all online and catalog purchases. The National Conference of State Legislatures (NCSL) is spearheading the movement. The NCSL recently released a study...
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NFLX Weighed Down By Further Downgrades
Friday, May 14, 2010 - 12:22pm | 90Brokers’ valuation concerns weighed heavily on Netflix (NASDAQ: NFLX) as Citigroup and Merriman Curhan Ford both removed their “buy” ratings from the stock and downgraded it to “neutral,” before the markets opened today. Yesterday, UBS had lowered NFLX to “sell.” Mark Mahaney of Citigroup said, "...
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Netflix Analyst Trifecta Cuts (NFLX, AMZN, BBI)
Friday, May 14, 2010 - 9:31am | 378Is it any wonder that the euro has been driven below $1.24, that there are concerns about austerity programs in Greece, Spain, and Portugal, and that the markets worry Germany and France may leave the Eurozone. Jean-Claude Trichet, president of the European Central Bank, said “it is clear that...
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Merriman Downgrades NFLX To Neutral
Friday, May 14, 2010 - 6:47am | 39Analysts at Merriman Curhan Ford downgrade Netflix (NASDAQ: NFLX) from "buy" to "neutral." NFLX gained 2.02% to close at $110.01 yesterday. More Analyst Ratings here
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Blockbuster, Staggered, Loses Its Footing
Thursday, May 13, 2010 - 4:32pm | 389Blockbuster, Inc (NYSE: BBI), nearly ruined by the high cost of its store network and withering from competition from NetFlix (NYSE: NFLX) and the kiosk operator Redbox, posted another quarter of dismal results. The rental chain’s net loss for the first quarter of 2010 was $65.4 million, or $0.33...
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Thursday’s Market Roundup
Thursday, May 13, 2010 - 4:28pm | 291The overall market struggled to find direction most of the session before falling 1.21% to close at 1157, off 14.23 points. The S&P 500 (NYSE: SPY) closed very near its lows of the session. The sell off seemed to come after traders realized that there was neither enough volume, nor conviction...
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Netflix Downgraded (NFLX, AMZN)
Thursday, May 13, 2010 - 3:44pm | 149Two UBS analysts have downgraded Netflix (NASDAQ: NFLX) to Sell from Neutral and maintained their $90 target on the shares. The analysts, Brian Fitzgerald and Brian Pitz, said the recent speculation that the company may be acquired by Amazon (NASDAQ: AMZN) is "unfounded". They believe "the current...
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Top Stocks Hitting New Highs Signal Drop Alert
Thursday, May 13, 2010 - 12:27pm | 348Key stocks like SanDisk Corporation (NASDAQ: SNDK), Baidu, Inc. (NASDAQ: BIDU) and Netflix, Inc. (NASDAQ: NFLX) all made new 52 week highs today with large surges in the first hour of trading. Baidu, Inc. jumped on continued retail buying after the 10 for 1 stock split. This jump after a stock...
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Top 5 Large-Cap Stocks In The Services Sector With The Highest Cash (NWSA, WMT, TWX, AMZN, LVS)
Thursday, May 13, 2010 - 6:00am | 193Below are the top five large-cap stocks in the services sector on the NYSE and the NASDAQ in terms of cash. News Corporation (NASDAQ: NWSA) had $8.18 billion of total cash in the latest quarter. NWSA had a total debt of $13.51 billion for the same period. Wal-Mart Stores Inc (NYSE: WMT) had $7.91...
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Amazon (AMZN) Launches iPad (AAPL) App
Wednesday, May 12, 2010 - 12:08pm | 121According to Techcrunch, Amazon (NASDAQ: AMZN) has launched a third app for Apple’s (NASDAQ: AAPL) iPad. iPad owners can download the free app directly from the App Store to their tablet computers. This custom-made app allows users to browse products offered by Amazon and other retailers. Features...
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Inflation & Deflation Fighters 05-11-2010
Tuesday, May 11, 2010 - 2:53pm | 770Cusick’s Corner Today’s market action is precarious at best. The Euro is still down, gold at almost all-time highs, and stocks are still running to the upside. As a trader, when the market and policy action are not making much sense, one must really shore up risk and capital management. On the...
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Weak Euro And Volcanic Disruptions Affect PCLN’s Q2 Guidance
Tuesday, May 11, 2010 - 2:41pm | 151Analysts at Benchmark reiterate their "buy" rating on Priceline.com Inc (NASDAQ: PCLN), while reducing their estimates for the company. The target price for PCLN is set to $287. PCLN has reported in-line Q1 results driven by 53% y/y jump in gross bookings. The company reported an increase in...
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Afternoon Market Update (BP, RIG, HAL, PCLN, HNT)
Tuesday, May 11, 2010 - 2:17pm | 175The energy giants’ executives are scheduled to testify today in Congress about the uncontained oil spill in the US Gulf of Mexico. Ahead of the hearings in the US senate, shares of BP (NYSE: BP) fell 0.5% and those of Halliburton (NYSE: HAL) dropped 0.8%. Transocean (NYSE: RIG) stock added 0.4%....
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Netflix Moving Higher Today (NFLX)
Tuesday, May 11, 2010 - 11:59am | 106Shares of Netflix (NASDAQ: NFLX) are moving higher today on above average volume. NFLX has gained 2.78% and has breached the $100 level again. On the trading session, a total of 1.4 million shares have already changed hands. Netflix (NFLX) hit a 52 week high of $109.70 on April 26, before selling...