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Piper Jaffray Maintains Overweight on Amazon
Tuesday, June 28, 2011 - 7:24am | 121Piper Jaffray is out with its report today on Amazon (NASDAQ: AMZN), maintaining Overweight. In a note to clients, Piper Jaffray writes, "We remain Overweight on Amazon shares based on our confidence in the company's ability to not only remain the global leader in online retail, but expand into...
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To The Cloud: First Trust To Introduce First Cloud-Computing ETF
Tuesday, June 28, 2011 - 12:55am | 342First Trust, the Illinois-based ETF issuer with 59 funds on the market and over $8.2 billion assets under management, filed plans with the Securities and Exchange Commission to introduce the First Trust ISE Cloud Computing Index Fund. The ETF will track the ISE Cloud Computing Index and trade on...
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Amazon climbs on holiday view
Monday, June 27, 2011 - 6:45pm | 71Morgan Stanley (MS) said the online retail leader will post strong sales growth during the holiday shopping season, as more people shift their buying to Web sites. It also noted Amazon's (AMZN) broadening merchandise selection, shipping rates and pricing strategy. Its price target was raised to $...
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It Is As Inverse As It Can Get
Monday, June 27, 2011 - 3:32pm | 196When the U.S. Dollar Index declines the major stock indexes inflate and rally higher. This inverse relationship between the U.S. Dollar Index and the major stock indexes are as inverse as they have ever been. Traders and investors can simply look at the chart below to how correlated these two...
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Window Dressing 06-27-2011
Monday, June 27, 2011 - 3:25pm | 1003Cusick's Corner Window dressing -- the grind to the upside could be a combination of some end of the quarter window dressing with a twist of shorts being squeezed. The market has again held critical support, 1256 on the S&Ps, and found legs to bounce, plus Tech is leading again. Now I take...
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Techs Kick Higher; Accretive Health Surges 8%
Monday, June 27, 2011 - 2:58pm | 71Stocks punched higher in afternoon action, led by Internet retailers and other tech plays. The Nasdaq jumped 1.6%, with Amazon.com (AMZN)and Microsoft (MSFT) both jumping more than 4%. The S&P 500 climbed 1.3% and the NYSE added 1%. Trade remained weak vs. Friday's heavy action. More than four...
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Biggest Stock Market Level In Years Still Holds
Monday, June 27, 2011 - 12:19pm | 161The markets are hanging on to the side of the cliff. They are unwilling to break and that is saving investors from an ugly death spiral. Last week I discussed a major trend line that starts at the pivot low from May 2009. If you connect it to the lows of 2010, the trend line extends to the recent...
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Stock Markets Bounce Back
Monday, June 27, 2011 - 12:02pm | 185The stock market is solidly higher today on the back of a weaker Dollar. The SPDR S&P 500 ETF (NYSE: SPY) is trading at $127.47, +0.66 (+0.52%) while the PowerShares DB US Dollar Index Bullish (NYSE: UUP) is trading at $21.55, -0.08 (-0.39%). It looks like the July 4th holiday may already be...
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Market Bounces Off 200-Day
Monday, June 27, 2011 - 10:49am | 303They tried to push the S&P's down off the open, but again that $126.60 area held yet again on the SPDR S&P 500 ETF (SPY). The stocks that lead last Thursday's reversal all were too strong to let the market break down. These stocks are acting well early. Apple Inc. (AAPL), Amazon.com, Inc. (...
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Top Performing Industries For June 27
Monday, June 27, 2011 - 10:14am | 179At 10:10 am, the Dow rose 0.44% to 11,986.54, the broader Standard & Poor's 500 index moved up 0.34% to 1,272.75 and the NASDAQ composite index gained 0.44% to 2,664.47. The industries that are driving the market today are: Catalog & Mail Order Houses: This industry jumped 1.75% by 10:10...
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Jefferies Comments On Netflix Reaction To Sony-Starz Deal
Monday, June 27, 2011 - 8:26am | 102According to Jefferies, Netflix (NASDAQ: NFLX) sub growth triggered Sony-Starz deal clause. Jefferies said that Sony content was initially pulled from Netflix streaming service on Fri 6/17, as a result of a temporary contract issue between Sony-Starz. “Reuters reported that a deal clause in this...
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Amazon Trading Up Over 1% in Pre-Market on Morgan Stanley Rating
Monday, June 27, 2011 - 8:00am | 33Amazon (NASDAQ: AMZN) is trading up over 1% in pre-market after Morgan Stanley added the company to its "best ideas list." Amazon is currently trading at $195.02.
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Piper Jaffray Discusses European Hotel Status, Priceline
Monday, June 27, 2011 - 7:49am | 180Piper Jaffray is out with a research report on the state of European hotels. It says Priceline.com (NASDAQ: PCLN) is its top pick. It rates shares at Overweight with a $628 price target on shares. In a note to clients, Piper Jaffray writes, "Revenue per available room (RevPAR) among European...
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Netflix Giving Back Gains
Thursday, June 23, 2011 - 2:03pm | 63Shares of Netflix (NASDAQ: NFLX) spiked earlier today on news that founder and CEO Reed Hastings would be joining Facebook's board of directors. At one point, the stock was up around 3.70%. Traders appear to be fading the spike higher, however, as NFLX has lost more than 1% from its best levels...
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Netflix Surges As CEO Joins Facebook Board
Thursday, June 23, 2011 - 1:21pm | 45Shares of Netflix (NASDAQ: NFLX) are surging on news that CEO Reed Hastings has joined the Board of Directors at Facebook. At last check, shares of Netflix were trading at $257.00, a gain of $8.34 or 3.35% on the day.