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ETFs To Play/Avoid On The Shocking Steve Jobs News
Thursday, August 25, 2011 - 12:25pm | 481It has been and will be said hundreds, if not thousands, of times in the coming days that Apple (Nasdaq: AAPL) has lost a legend with the departure of Steve Jobs as CEO. Perhaps no company in the history of corporate America has been so intimately linked to the aura and persona of its CEO as Apple...
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GameStop Opens New Games, Steals Coupon, Then Pulls Game from Shelves
Thursday, August 25, 2011 - 11:40am | 394All with the support of Final Fantasy publisher Square Enix. Yesterday afternoon, GameStop (NYSE: GME) got into a bit of trouble when it was caught opening new copies of Deus Ex: Human Revolution for the PC. According to Ars Technica, GameStop employees were performing this unusual task with a...
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Buffett Bounce Evaporates, All Eyes On The Bernank Tomorrow
Thursday, August 25, 2011 - 11:16am | 288The major stock indexes have declined faster than they rallied after the announcement of the Bank of America deal with angel investor Warren Buffett. At first, many traders and investors thought this was good news, now it is really turning out to be a negative report for the investing public. This...
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Amazon Introduces New York City Residents to AmazonLocal
Thursday, August 25, 2011 - 9:04am | 148Amazon.com, Inc. (NASDAQ: AMZN) today announced the arrival in New York City of AmazonLocal (www.amazonlocal.com), a new local deals marketplace offering savings of at least 50 percent off products and services at restaurants, spas, fun events and more. The company also announced that AmazonLocal...
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Piper Jaffray Maintains Overweight on Netflix
Thursday, August 25, 2011 - 7:32am | 70Piper Jaffray is out with its report today on Netflix (NASDAQ: NFLX), maintaining Overweight. In its report, Piper Jaffray writes, "We believe many of the assumptions underlying our Netflix estimates could prove conservative and the recent pullback in shares of NFLX is a buying opportunity."...
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Barclays Initiates Coverage On OWW, PCLN, EXPE, AOL
Thursday, August 25, 2011 - 7:06am | 63Barclays has initiated coverage on the following companies: Orbitz Worldwide (NYSE: OWW) Equal-weight, $3 PT Priceline.com (NASDAQ: PCLN) Overweight, $600 PT Expedia (NASDAQ: EXPE) Equal-weight, $34 PT America Online (NYSE: AOL) Equal-weight, $34 PT
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Amazon Adds Manhattan, Brooklyn, Other Locations to AmazonLocal Service
Wednesday, August 24, 2011 - 8:23pm | 95Amazon.com (NASDAQ: AMZN) is expanding its AmazonLocal service to Manhattan, Brooklyn, Charlotte, N.C., Austin, Texas, Orlando, Fla., northern Virginia and other locations. AmazonLocal, which started in June with the service's launch in Boise, Idaho, will now have 30 locations in 10 states. It's...
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Time To Look At CBS Again?
Wednesday, August 24, 2011 - 3:41pm | 609With the recent equity market volatility, shares across every sector have fallen sharply. That does not mean that fundamentals have changed that much, especially for the media companies. In fact, CBS (NYSE: CBS) appears to be getting stronger, not weaker, and the recent pullback in shares could...
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Couldn't Get a $99 HP TouchPad? Buy This Hulu-Playing Vizio Tablet Instead
Wednesday, August 24, 2011 - 11:34am | 225If the $499 iPad 2 is too expensive for your tastes, Vizio has a lower-cost solution – now with Hulu Plus support. Vizio is bragging today that it has produced the first Android tablet that can play Hulu Plus. Simply referred to as the Vizio 8" Tablet, Business Insider reports that this $299 iPad...
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Top 4 NASDAQ Stocks In The Catalog & Mail Order Houses Industry With The Highest EPS Estimates
Wednesday, August 24, 2011 - 4:18am | 146Below are the top catalog & mail order houses stocks on the NASDAQ in terms of earnings estimate for the next year. The earnings estimate for Amazon.com Inc (NASDAQ: AMZN) for the next year ending December, 2012 is $3.25 per share. AMZN's trailing-twelve-month revenue is $40.28 billion. IAC/...
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The Stock Charts Tell Everything
Tuesday, August 23, 2011 - 1:35pm | 263Stocks are advancing sharply across the board. This happened after the S&P 500 held the all important 1122 level. This level was the key low for the last three trading days. The move in the markets appears to be a melt up, as short covering starts ahead of a major speech by Federal Reserve...
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Piper Jaffray Overweight On Amazon
Tuesday, August 23, 2011 - 7:58am | 144Piper Jaffray is out with a research report on Amazon.com, Inc. (NASDAQ: AMZN) and it has an Overweight rating and a $271 price target on shares. In a note to clients, Piper Jaffray writes, "We believe AWS accounts for 2% of revenue today and will grow to be 3% in 2013. While the business is small...
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Financial Breakfast: Morning News Summary for August 23, 2011
Tuesday, August 23, 2011 - 7:47am | 690This is your Benzinga news summary and traders' outlook for Tuesday, August 23, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading higher. At last check, Dow futures are up about 100 points and the U.S....
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Amazon Web Services Launches Amazon ElastiCache
Tuesday, August 23, 2011 - 6:46am | 78Amazon Web Services LLC, an Amazon.com company (NASDAQ: AMZN), today introduced Amazon ElastiCache, a new web service that makes it easy to deploy, operate, and scale an in-memory cache for web applications running in the AWS cloud. The new service improves the performance of web applications by...
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Credit Suisse Initiates Expedia At Neutral, $37 PT
Tuesday, August 23, 2011 - 6:29am | 24Credit Suisse has initiated coverage on Expedia (NASDAQ: EXPE) with a Neutral rating and $37 price target.