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IAC Extends Agreement with Google
Monday, April 11, 2011 - 9:07am | 78IAC (Nasdaq: IACI) today announced that it has amended its agreement with Google (NASDAQ: GOOG) and extended it through March 31, 2016. The agreement, through which Google provides IAC's search products and network partners with sponsored listings and other search-related services, had previously...
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Jefferies Maintains Buy Rating On EXPE
Monday, April 11, 2011 - 8:15am | 119Jefferies has issued a report maintaining a Buy Rating on Expedia (NASDAQ: EXPE) following Google's (NASDAQ: GOOG) acquisition of ITA. According to the report, “While DOJ's conditional approval of Google's ITA acquisition is an incremental negative for OTAs, we do not view it as a game changer...
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Piper Jaffray Maintains Neutral on Expedia (EXPE)
Monday, April 11, 2011 - 7:58am | 130Piper Jaffray is out with its report today on Expedia (NASDAQ: EXPE), maintaining Neutral. In a note to clients, Piper Jaffray writes, "While Expedia's core leisure business grew a respectable 13% y/y in the December quarter, TripAdvisor grew revenues 34% y/y (38% y/y 3rd party revenue growth, ~28...
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Piper Jaffray Maintains Overweight on Priceline.com (PCLN)
Monday, April 11, 2011 - 7:43am | 92Piper Jaffray is out with its report today on Priceline.com (NASDAQ: PCLN), maintaining Overweight. In a note to clients, Piper Jaffray writes, "Priceline continues to benefit from an ongoing shift to online and indirect bookings internationally. Priceline is the OTA most leveraged to...
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Market Waiting for Earnings Kick-Off 04-08-2011
Friday, April 8, 2011 - 6:48pm | 887Cusick's Corner Resistance is often strong after a big move. This market is now waiting for earnings season to kick off. Take a look at your portfolio, asses which stocks have earnings coming up and what sectors they are in, plus if their peers will start to announce earnings. That way if there...
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Banks Active Ahead of Earnings 04-08-2011
Friday, April 8, 2011 - 3:00pm | 906Cusick's Corner There really is not much that I can bring to light today other than this market is clearly at a resistance point where most market traders and watchers are taking the road most traveled -- up. But the volume continues to be pathetic so there is no conviction. With the looming...
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North American Investment Daily; Upgrade & Downgrades
Friday, April 8, 2011 - 12:32pm | 1051Quake damage and disruption underestimated — We have turned bearish on the auto sector, lowering our ratings across our coverage. Although sector share prices have fallen an average of 11% in the initial selloff following the March 11 earthquake, we do not think the fall in earnings and slowness of...
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Morning Market Top Percentage Gainers and Losers (CONN, TPX, EXPE, CAAS, QLTI, SCOK, IDIX, HERO, SGMO, YONG)
Friday, April 8, 2011 - 10:05am | 249Best 1) Conn's (NASDAQ: CONN): Shares are surging 15.91% to $6.41. 2) China Automotive Systems (NASDAQ: CAAS): Ascending 15% to $9.39 after reporting that preliminary Q4 sales were ahead of consensus estimates. 3) Tempur-Pedic International (NYSE: TPX): Gaining 13% to $57.62 after raising its...
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Stifel Nicolaus Upgrades Expedia to Buy (EXPE)
Friday, April 8, 2011 - 9:19am | 120Stifel Nicolaus is out with its report today on Expedia (NASDAQ: EXPE), upgrading shares of EXPE from Hold to Buy. In a note to clients, Stifel Nicolaus writes, "We are upgrading shares of Expedia from Hold to Buy with a 12-month target price of $35 per share. Our upgrade is based on a sum-of-the-...
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Morgan Keegan Downgrades Expedia To Market Perform
Friday, April 8, 2011 - 9:07am | 67According to Morgan Keegan, Expedia (NASDAQ: EXPE) is downgraded to Market Perform. Morgan Keegan reported that a separation offers the potential to realize more value from TripAdvisor but risks affecting the OTA business' revenue margins and competitiveness. “With shares indicated at ~$26 in the...
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Overstock Cuts Arkansas Marketing Ties After Governor Signs Internet Sales Tax Bill
Friday, April 8, 2011 - 9:05am | 64Overstock.com, Inc. (NASDAQ: OSTK) today announced that it will award free Club O accounts ($20 value) pre-loaded with $10 in Club O Reward dollars to top customers in Arkansas where the company canceled ad contracts because of the Sales Tax Law that Governor Beebe signed. Overstock has also...
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Pre-Market Top Percentage Gainers and Losers (EXPE, STX, NSPI, INTC, IMGN, CONN, SCOK, HERO, IDIX, SGMO, CHBT)
Friday, April 8, 2011 - 8:48am | 264Best 1) Expedia (NASDAQ: EXPE): Surging 14.29% to $25.60 after the company revealed its plan to eventually separate its online travel business into two publicly traded equities. 2) Seagate Technology (NASDAQ: STX): Popping 7.69% to $15.75 in the early morning hours. The company said last night...
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Benzinga's Top Pre-Market NASDAQ Gainers (EXPE, CRIS, STX, NXPI)
Friday, April 8, 2011 - 8:09am | 171Expedia Inc (NASDAQ: EXPE) added 14.33% to $25.61 in the pre-market session. EXPE announced its plans to spin off its TripAdvisor unit into a separate, publicly traded company. Curis Inc (NASDAQ: CRIS) moved up 10.57% to $4.50 in the pre-market session. CRIS had no debt for the latest quarter....
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Jefferies Reports On Expedia Split With TripAdvisor
Friday, April 8, 2011 - 7:55am | 94Jefferies has issued a report that Expedia (NASDAQ: EXPE) will split into two publicly traded companies: Expedia, Inc. and TripAdvisor, Inc. According to Jefferies, “Expedia announced preliminary plans to spin-off its TripAdvisor business, the leading online travel community site that's fast...
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Piper Jaffray Overweight On Netflix (NFLX)
Friday, April 8, 2011 - 7:28am | 142Piper Jaffray has an Overweight rating and a $280 price target on shares of Netflix (NASDAQ: NFLX). In a note to clients, Piper Jaffray writes, "Q1 web traffic data from ComScore suggests that Netflix sub adds are tracking slightly ahead of our estimates. The web traffic data for Netflix.com for...