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Putting Three ETFs To Work In A Cash Hoarding Tech Sector
Friday, March 19, 2010 - 2:29pm | 1461“As the economy starts to show signs of prosperity and tries to mend the wounds caused by the recession, the technology sector is likely to boom. For starters, the sector appears to have strong fundamentals and is relatively cheap as compared to other sectors. In fact, as a whole, the sector boasts...
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Are You Game For GameStop (GME)?
Friday, March 19, 2010 - 9:49am | 286According to an article in Seeking Alpha, the valuation of GameStop (NYSE: GME) stock seems too good to be true. GameStop is the largest video game retail chain in the world, with 6,457 stores in 17 countries. GME sells video games, gaming hardware including the Xbox 360, PlayStation 3 and...
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Diamond Stocks: A Girl's Best Friend?
Friday, March 19, 2010 - 12:32am | 660Diamonds are the hardest substance on earth and come in a variety of colors including blue, yellow, brown, green, purple, pink, orange or red. The major player in the diamond industry is the De Beers company, which was formerly a publicly traded stock but is now privately held. However, there is an...
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Top 5 NASDAQ Stocks In The Services Sector With The Highest Cash (NWSA, AMZN, EBAY, COST, LCAPA)
Thursday, March 18, 2010 - 11:02am | 248Below are the top services stocks on the NASDAQ in terms of cash. News Corporation (NASDAQ: NWSA) had $7.27 billion in total cash for the latest quarter. NWSA had a total debt of $15.28 billion for the same period. Read more about this company here. Amazon.com Inc (NASDAQ: AMZN) had $6.37 billion...
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PetMed Express (NASDAQ: PETS) Downgraded to Neutral
Thursday, March 18, 2010 - 9:07am | 142Analysts at Piper Jaffray downgraded PetMed Express (NASDAQ: PETS) from Overweight to Neutral. The analysts explain, “We are downgrading shares of PETS from Overweight to Neutral this morning based strictly on valuation, as the stock has surged through our $21 price target this week and is up over...
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Blockbuster May File For Bankruptcy (BBI, NFLX)
Wednesday, March 17, 2010 - 11:39am | 137Video-rental chain Blockbuster Inc. (NYSE: BBI) is considering filing for bankruptcy. The company has been struggling with mounting debt. According to a regulatory filing made by Blockbuster, the company is unable to address its debt commitments. The rental chain stated in the filing that the debt...
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Goldman Sachs and Nostradamus versus Simple Quantitative Models and Common Sense
Wednesday, March 17, 2010 - 3:03am | 2485For a pdf of this report, follow this link. If Al Gore invented the Internet, and if an estimated 4,000,000+ very close and personal Facebook fans bought Citigroup (C) at $0.97 and Bank of America (BAC) at $3.12 last March, well -- we have some of our own pronouncements to make. Specifically,...
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Stocks That Created New 52-Week Highs (BWINB, BSET, BGCP, BIIB, BFLY)
Tuesday, March 16, 2010 - 3:23pm | 209Baldwin & Lyons Inc (NASDAQ: BWINB) shares added 0.47% to create a new 52-week high of $25.81. BWINB is involved in marketing and underwriting property and casualty insurance products in the US and Canada. Bassett Furniture Industries, Inc (NASDAQ: BSET) shares created a new high of $6.29,...
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Benzinga’s Volume Movers (ATHN, SONC, VRUS, PETS, TWLL)
Tuesday, March 16, 2010 - 3:22pm | 242athenahealth Inc (NASDAQ: ATHN) shares gained 5.28% to $39.26. The volume of ATHN shares traded was 362% higher than normal. ATHN restated its results from 2005 through the first three quarters of 2009 after the completion of the audit. According to Deutsche Bank analyst Michael Cherny, the filing...
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Exploring New Strategy Ideas and Potential New Long and Short Ideas for the Week
Tuesday, March 16, 2010 - 10:33am | 1653Follow this link for a pdf of this report: Ascendere Equity Strategy, Long and Short Ideas, March 12, 2010. Track weekly long/short focus list ideas here. Time permitting, we have decided on a weekly basis to share some general equity strategy themes we are working on and updated long and short...
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Shutterfly (SFLY) Customer Acquisition Costs Remain Well Controlled
Monday, March 15, 2010 - 2:23pm | 253Analyst Shawn Milne of Janney Montgomery Scott maintains his "buy" rating on Shutterfly Inc (NASDAQ: SFLY). The fair value for SFLY has been raised from $23 to $26. According to Janney Montgomery Scott, “One of the key strategic focuses for SFLY is to drive further adoption of photo books, which...
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Top 5 Stocks For March 15, 2010 (AAON, OSTK, UBS, PFE, TIF)
Monday, March 15, 2010 - 7:32am | 265Analysts expect AAON Inc (NASDAQ: AAON) to post EPS of $0.37 for the latest quarter when it report its results before the bell. AAON’s shares gained 0.05% to close at $21.70 on Friday. Read more about this company here. Internet retailer Overstock.com (NASDAQ: OSTK) had forecasted earnings of $0....
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Another Analyst Downgrade For Netflix
Saturday, March 13, 2010 - 6:05pm | 149Netflix (NFLX) shares dropped 1.70% Friday amidst news of another analyst downgrade. Morgan Stanley Analyst Scott Devitt downgraded the stock to "equal weight" from "overweight." Devitt feels that shares are fully valued and has a $68 price target on the stock. Netflix closed the day at $69.98 per...
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Top Performing Industries For March 11 (WFSC.OB, GME, MVG, DSCM, HH)
Thursday, March 11, 2010 - 3:31pm | 363At 1:52 p.m., Dow lost 0.98, or 0.01%, to 10,566.35, while the broader Standard & Poor's 500 index fell 0.84, or 0.07%, to 1,144.77. The Nasdaq composite index moved down 2.33, or 0.10%, to 2,356.62. The industries that are driving the market today are: Regional – Mid-Atlantic Banks: The top...
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Trading The Day: A Guide To Profits. (NYSE:IBM), (NASDAQ:AMZN), (NYSE:SPY)
Thursday, March 11, 2010 - 3:08pm | 386As a Chief Market Strategist, I love to look at charts, analyze and discover swing trades in any direction. It is like going through old baseball cards and not sure when I will find the Mickey Mantle or Babe Ruth or better yet, sifting through sand or dirt and finding diamonds. The markets today...