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Afternoon Market Update Goldman (NYSE: GS), Best Buy (NYSE: BBY), General Electric Co (NYSE: GE), Boston Scientific (NYSE: BSX)
Friday, April 16, 2010 - 4:39pm | 325The Securities and Exchange Commission has today charged Goldman Sachs Group (NYSE: GS) with defrauding investors. The SEC has alleged that GS created and sold opaque collateralized-debt obligations, or CDOs, that were dependent on the performance of subprime-mortgage-backed securities. According...
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In The Eye Of A Trader: Big Things On Wall Street
Friday, April 16, 2010 - 12:18pm | 326As the markets tumble today on the back of civil charges of fraud against Goldman Sachs Group, Inc. (NYSE: GS), there are many other stocks in play that need to be watched. Apple Inc. (NASDAQ: AAPL) broke the key $250.00 level today intra day. Speaking from the point of view of a trader, the...
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PCLN To Use Proceeds From Notes Offerings To Make Acquisitions
Friday, April 16, 2010 - 12:11pm | 176Analysts at Benchmark maintain their "buy" rating on Priceline.com Inc (NASDAQ: PCLN). The target price for PCLN is set to $287. Priceline has announced the pricing of $500 million in convertible notes. This would provide PCLN access to a cheap capital source. According to Benchmark, “The...
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Microsoft Launches Deal Registration Program (MSFT, TLEO, N, AMZN)
Friday, April 16, 2010 - 10:30am | 180Oppenheimer has released a report on the software industry. According to the report, Microsoft (NASADQ: MSFT) has started a deal registration pilot program in collaboration with its channel partners. The program is focused on virtualization software and it offers incentives to the partners across...
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Stocks That Have Crossed 52-Week Highs (ACOR, ACTL, AMZN, ARII, AAPL)
Thursday, April 15, 2010 - 4:19pm | 245Acorda Therapeutics (NASDAQ: ACOR) crossed its earlier 52-week high of $38.42 and created a new 52-week high of $38.50, before slipping slightly to $38.49, up 1.56%. ACOR presented new information on the safety and efficacy of its Ampyra drug during chronic use. Actel Corporation (NASDAQ: ACTL)...
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Technical Alert: Double Top On Amazon.com, Inc. (NASDAQ:AMZN) Could Lead To Short Term Pullback
Thursday, April 15, 2010 - 12:35pm | 153Amazon.com, Inc. (NASDAQ: AMZN) hammered into a double top from late 2009. This level looks to be a solid resistance level as the intra day price action on AMZN pulled back off the highs. While retail sales have been extremely good of late, a lot has been talked about in regards to the Kindle and...
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NutriSystem Pops
Thursday, April 15, 2010 - 10:40am | 138Shares of NutriSystem (NASDAQ: NTRI) are moving significantly higher this morning, currently up over 6.25% to $20.67. There does not appear to be any news currently crossing wires that would spike the stock that much, short interest must be partially at play here. I am also detecting activity on...
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Company News for April 15, 2010 - Corporate Summary
Thursday, April 15, 2010 - 9:30am | 172• Fairchild Semiconductor International (NYSE:FCS) posted first quarter results one cent higher than Zacks estimates at 25 cents on revenues of $378 million, which beat projections of $372 million • Several analysts sent price targets for UPS (NYSE:UPS) higher, as the firm provided upside guidance...
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Retailers Gained On Higher-Than-Forecasted March Retail Data (HOTT, BKS, CROX, AMZN, BBI, BGP)
Thursday, April 15, 2010 - 7:44am | 270Retailer shares rallied yesterday after the Commerce Department released better-than-expected retail data for March. While analysts were expecting 1.2% growth in March retail sales, the department said that the growth was sharper at 1.6%. The news drove the S&P Retail Index up by 0.9% to 476.72...
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Amazon Downsizes Its Board Of Directors (AMZN)
Wednesday, April 14, 2010 - 1:50pm | 121Amazon (NASADQ:AMZN) has shrank its board of directors to seven. The online retailer has decided not to replace a departing member. The company has recommended the re-election of seven of its current members. Amazon’s (AMZN) long time director, John Doerr, a Silicon Valley venture capitalist, has...
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IBD’s Top 5 Internet Stocks (BIDU, PCLN, NFLX, CTRP, MELI)
Tuesday, April 13, 2010 - 1:04pm | 411In an article on IBD’s Technology Blog, Michael Krey discusses the Internet stocks that grab the top 5 positions in IBD’s latest ranking of the top 100 US-traded stocks. So, what do these companies have in common, apart from being Internet stocks? They have all been a part of the IBD 100, having...
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AMZN (NASDAQ:AMZN) Under a Little Pressure. Know These Levels:
Tuesday, April 13, 2010 - 10:06am | 48Amazon.com, Inc. (Public, NASDAQ: AMZN)is trading lower by 0.25 cents to 140.60. AMZN is a market leading stock in technology and retail. The stock will have intra-day support at 140.85 and much more at 139.00. Both levels could see small bounces.
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Goldman Sachs Plays Stock-Market
Tuesday, April 13, 2010 - 9:37am | 146Goldman Sachs upgraded shares of Expedia (NASDAQ: EXPE) this morning from “Neutral” to “Conviction Buy” in addition to going sour on Priceline.com (NASDAQ: PCLN), saying that the company reflects much of the positive trends and momentum already in the sector. Expedia has lagged behind Priceline.com...
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Benzinga’s Top Pre-Market Losers (CODI, PCLN, PALM, AVNR)
Tuesday, April 13, 2010 - 8:40am | 223Compass Diversified Holdings (NASDAQ: CODI) decreased 6.94% to $15.02 in the pre-market session. Compass Diversified Holdings announced that it has commenced a public offering of 6,400,000 trust shares, representing a primary offering of 5,100,000 trust shares by the Company and a secondary...
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Barnes & Noble Ties Up With Best Buy (BCS, BBY, AMZN, SNE)
Monday, April 12, 2010 - 2:15pm | 197Barnes & Noble (NYSE: BCS) has ramped up its distribution channels for its e-book reader Nook. The company has entered into a deal with Best Buy (NYSE: BBY). Under the new agreement, Best Buy Inc. (BBY) will offer Nook in 1,070 of its stores starting April 18. This will make the electronic...