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Better Yet, Take A Picture Of Me With A Kodak (Patent That Is)
Tuesday, August 2, 2011 - 11:55am | 578According to the Wall Street Journal, Eastman Kodak Company (NYSE: EK) is thinking of selling one of the most important parts of its company: the patent for previewing photographs. This is incredibly important because this is the same patent that has Kodak currently involved in litigation with...
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Apple Launches Beta Version of iCloud Website
Tuesday, August 2, 2011 - 6:15am | 267Following the announcement of its new cloud service earlier this year, Apple (NASDAQ: AAPL) has now launched the beta version of its iCloud website. The website - www.icloud.com - now loads a login screen with an iCloud badge carrying the "Beta" signature. Apple's service will allow users to store...
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Stocks to Watch for Tuesday 8/02/2011: Fresh 52-Week Highs and Lows
Tuesday, August 2, 2011 - 4:20am | 3164Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...
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Sohu.com (SOHU) Hit Hard Despite Solid Earnings Report
Monday, August 1, 2011 - 1:19pm | 515An interesting situation between Sohu.com (SOHU) and Sina (SINA) the past few quarters. Despite having far better financial growth and metrics, Sohu has lagged Sina because the latter owns Weibo. Must be frustrating. This morning Sohu.com reported another excellent quarter of 36% revenue growth...
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The Case for Owning Zillow
Monday, August 1, 2011 - 11:54am | 549By Conor Sen Zillow (Z), in a way, might be the most impressive company in the world. Why is that? The company, which began as a way for individuals to look at the value of their homes, launched the initial version of its website on February 8, 2006. A housing-themed website launched in early 2006...
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Priceline.com Earnings Preview: Analyts Expect Higher Earnings, Revenue
Monday, August 1, 2011 - 10:30am | 578Priceline.com (NASDAQ: PCLN) releases its next round of earnings this Thursday, August 4, 2011. Here is Benzinga's everything-that-matters guide for this Thursday's second quarter earnings announcement. Earnings and Revenue: Analysts are predicting an EPS reading of $4.58/share and revenues...
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Benzinga's Volume Movers
Monday, August 1, 2011 - 10:07am | 127Allot Communications Ltd (NASDAQ: ALLT) shares moved up 7.35% to $15.91 at 10:05 am. The volume of ALLT shares traded was 219% higher than normal. ALLT reported upbeat Q2 results. Stamps.com Inc (NASDAQ: STMP) shares rose 4.06% to $17.43. The volume of STMP shares traded was 184% higher than...
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The Week Ahead, Morning Noteables August 1
Monday, August 1, 2011 - 8:46am | 304AM headlines: Sohu.com (SOHU) "Plus to Minus in the pre market - Contra trade - seems priced in - Looks good short for the moment with the overall strength in the broader pre market" Sohu.com reports Q2 EPS $1.21 vs. consensus $1.06 Reports Q2 revenue $198.7M vs. consensus $190.78M. Exceeds...
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PetMed Express Announces a $20 Million Share Repurchase Program
Monday, August 1, 2011 - 8:12am | 120PetMed Express, Inc. (Nasdaq: PETS) today announced that its Board of Directors has approved a fourth share repurchase program of up to $20.0 million, effective immediately. This program is intended to be implemented through purchases made from time to time, in either the open market or through...
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Stocks to Watch for Monday 8/01/2011: Fresh 52 Week Highs and Lows
Sunday, July 31, 2011 - 10:55pm | 3407Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Friday's trading session (listed from highest total volume to...
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Earnings Expectations for the Week of August 1
Sunday, July 31, 2011 - 10:02am | 1197Quarterly reports of note scheduled for this week include those from Archer Daniels Midland (NYSE: ADM), General Motors (NYSE: GM), MasterCard (NYSE: MA), Procter & Gamble (NYSE: PG) and Time Warner (NYSE: TWX), all of which are expected to post earnings growth, as well as Pfizer (NYSE: PFE)...
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Expedia up Over 6% on Upbeat Earnings
Friday, July 29, 2011 - 9:46am | 40Expedia (NASDAQ: EXPE) is up over 6% on the upbeat earnings. The company reported yesterday Q2 EPS $0.55 vs $0.49 Est; Revenues $1.02B vs $961.72M Est. Expedia is currently trading at $30.92, a gain of $1.93 or 6.66%
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UPDATE: Jefferies Raises PT on Expedia to $35
Friday, July 29, 2011 - 7:44am | 72Jefferies is out with its report today on Expedia (NASDAQ: EXPE), raising its PT from $31 to $35. In a note to clients, Jefferies writes, "At $28.99, EXPE trades at 6.2x EV/EBITDA, 13.0x P/E, and 1.1x P/E/G on CY12 estimates. Our $35 PT is based on a 5-year DCF." Jefferies reiterates Buy on EXPE...
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Bank of America Merrill Lynch Underweight On Overstock.com
Friday, July 29, 2011 - 7:44am | 129Bank of America Merrill Lynch is out with a research report on Overstock.com (NASDAQ: OSTK) and it has an Underweight rating and a $12 price target, down from $14 after it reported earnings. In a note to clients, Bank of America Merrill Lynch writes, "OSTK reported rev of $257mn (2% y/y growth),...
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Benchmark Rating and PT Updates 7/29
Friday, July 29, 2011 - 7:20am | 346Benchmark made a number of rating and price target updates in a research report published today. CryoLife (NYSE: CRY) had its rating upgraded from Hold to Buy. Its price target was maintained at $6.50. On Thursday, CRY lost 1.99% of its value to finish the day at $5.42. Expedia (NASDAQ: EXPE)...