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Stock Market News for January 29, 2010 - Market News
Friday, January 29, 2010 - 10:25am | 443Cautious forecasts from technology companies sent the broader market sharply lower Thursday, spurring concerns that the markets were entering a phase of consolidation. Weaker-than-expected economic reports added to the worries, prompting investors to take money off the table. The decline in share...
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Benzinga’s Top Pre-Market Losers (SNDK, YTEC, ASIA, VPRT, NFLX, EROC)
Friday, January 29, 2010 - 9:40am | 399SanDisk Corporation (NASDAQ: SNDK) decreased $1.68 or 5.84% to $27.10 in the pre-market session. SanDisk reported yesterday a fourth quarter profit of $339.5 million, or $1.45 per share, as compared to a loss of $1.76 billion, or $7.78 per share, for the same quarter last year. Revenue increased...
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Benzinga’s Top Pre-Market Gainers (COHR, ALV, AMZN, ARMH, LSCC, MXIM)
Friday, January 29, 2010 - 9:19am | 390Coherent, Inc. (NASDAQ: COHR) increased 3.63% to $27.70 in the pre-market session after Coherent reported yesterday a first-quarter net income of $4.179 million or $0.17 per share, as compared to a net loss of $14.679 million or $0.61 per share for the same quarter last year. The 52-week trading...
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Amazon Pulls Huge Reversal After Hours (AMZN, QQQQ)
Thursday, January 28, 2010 - 6:22pm | 111After blowing past Wall Street profit estimates when it reported after hours, Amazon.com (NASDAQ: AMZN) initially traded lower, but has now reversed in dramatic fashion. Amazon recorded an after hours low of $115.48, but is now trading at $130.75. The mantra of late has been to buy the rumor and...
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Fast Money Traders Talk Tech (AMZN, IBM, MSFT)
Thursday, January 28, 2010 - 6:15pm | 146Guy Adami said on Fast Money tonight that if you think strong earnings this afternoon from Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) are going to turn the tech trade around, IBM (NYSE: IBM) is attractive at current levels. Both Tim Seymour and Joe Terranova said that they are uncertain...
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AT&T's (T) 4th Quarter Earnings Jump 25%
Thursday, January 28, 2010 - 4:57pm | 257AT&T Inc. (NYSE: T) saw its 4th quarter earnings rise by 25% as it reported net income of $3.09 billion, or 51 cents per share. Compared with $2.4 billion, or 41 cents per share, in the 2008 4th quarter, which included one time costs. Revenue slid 0.7% to $30.86 billion, as falling sales in AT...
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Bookkeeping: Replacing Index Puts with Some Levered ETFs on Short Side - Temporarily
Thursday, January 28, 2010 - 4:25pm | 521With S&P 1085 looking like it might hold at this time (50 minutes to go) I have taken profits on all index (SPY) puts, and rolled the exposure into short TNA ETF (3x small cap) - which is actually a less levered hedge. (In the real world I'd use TZA, but for record keeping purposes "short TNA...
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Benzinga’s Volume Movers (FFBC, NFLX, GNTX, ALGN, UTHR)
Thursday, January 28, 2010 - 3:29pm | 198First Financial Bancorp (NASDAQ: FFBC) shares gained 6.94% to $16.19. The volume of FFBC shares traded was 1311% higher than normal. FFBC has entered into an underwriting agreement for the sale of about 85 million common shares. Netflix Inc (NASDAQ: NFLX) shares jumped 22.48% to $62.43. The volume...
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Amazon Moving On High Volume (AMZN)
Thursday, January 28, 2010 - 2:41pm | 108It appears that traders aren't too concerned that Apple's (NASDAQ: AAPL) iPad is going to do significant damage to Amazon (NASDAQ: AMZN), the maker of the Kindle e-reader. Amazon (AMZN) is one of the only bright spots in the tech sector today. The stock has moved 2.24% higher to $125.55 on above...
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NFLX Continues To Beat Expectations
Thursday, January 28, 2010 - 1:53pm | 139Analysts at Stifel Nicolaus maintain their "buy" rating on Netflix Inc (NASDAQ: NFLX), while raising their estimates for the company. The target price for NFLX has been raised from $60 to $70. Netflix has reported its 4Q09 results ahead of the estimates and the consensus. “Netflix's robust revenue...
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Netflix (NFLX) Does well On Digital Media Front, Says CNBC
Thursday, January 28, 2010 - 12:26pm | 115Online DVD rental giant Netflix (NASDAQ: NFLX) continued its impressive performance and posted strong Q4 numbers. The firm reported an increase of 36% in its Q4 profits. Netflix also recorded 24 percent increase in its revenue. According to CNBC'S Julia Boorstin, in an earlier interview, Netflix'...
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Benzinga’s Top Upgrades (BA, CME, NBR, NFLX, ITW)
Thursday, January 28, 2010 - 10:41am | 275The Boeing Company (NYSE: BA) was upgraded today by Broadpoint AmTech Research from Neutral to Buy with a price target of $76. The Boeing Company is now trading at $61.70, 0.40% down in the morning trading hours. The Boeing closed at $61.93 in the previous trading session. In the last year, BA has...
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Stock Market News for January 28, 2010 - Market News
Thursday, January 28, 2010 - 10:23am | 423U.S. stocks staged a late-session advance, paring earlier losses, after the Federal Reserve decided to keep interest rates near historic lows for an “extended period" and Apple launched its new iPad tablet computer. While the decision to leave interest rates near zero packed few surprises, the...
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Benzinga’s Top Pre-Market Gainers (NOK, NFLX, F, SIGA, CY, HBAN)
Thursday, January 28, 2010 - 9:24am | 386Nokia Corporation (ADR) (NYSE: NOK) increased 12.62% to $14.55 after Nokia reported today a fourth-quarter net income of 948 million euros, or 26 euro cents per share, as compared to 576 million euros, or 15 euro cents per share, for the same quarter last year. Sales declined 5.3% to 12 billion...
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Earnings Round-up For Companies Reporting Before The Markets Open (MOT, T, AMZN, MMM, MSFT, MO, BDX, AEP, AZN, BMY, CAH, CEL, C, D, EL)
Thursday, January 28, 2010 - 7:43am | 686Companies reporting before the bell: Motorola (NYSE: MOT): The company may report its earnings at $0.8 per share. Read more about this company here. AT&T (NYSE: T): The telecommunications company is expected to report its earnings at $0.51 a share, reflecting a $0.13 decline from its year-...