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Company News for January 04, 2011 - Corporate Summary
Tuesday, January 4, 2011 - 11:11am | 852• Goldman Sachs (NYSE:GS) removed Nike (NYSE:NKE) from its Conviction Buy List, but maintained the "buy" rating with a target price of $95 • KBW upgraded SunTrust (NYSE:STI) to "outperform," increasing the target price $33 from $30 • Deutsche Bank (NYSE:DB) lifted its target price of Apple (NASDAQ:...
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Benchmark Upgrades Amazon (AMZN)
Tuesday, January 4, 2011 - 9:16am | 238Benchmark Capital is upgrading shares of Amazon.com, Inc. (NASDAQ: AMZN) to Buy from Hold, and is raising its price target on shares to $210 from $200. In the research report, Benchmark writes, "US ecommerce spending accelerated during the holiday season to 13% growth despite tough comparisons,...
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Netflix Getting Netflix Buttons On Remotes (NFLX)
Tuesday, January 4, 2011 - 9:11am | 45According to Briefing, Netflix, Inc. (NASDAQ: NFLX) is getting a Netflix-branded one-click button on remotes for Internet connected TVs, Blu-ray disc players and other electronics. Shares of Netflix are up $1.11 in pre-market trading to $179.52, a gain of 0.6%.
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Piper Jaffray Reiterates PETS Underweight Rating, $12.50 PT
Tuesday, January 4, 2011 - 8:55am | 129Piper Jaffray is reiterating its Underweight rating on PetMed Express, Inc. (NASDAQ: PETS) “as we believe heightened competition is continuing to pressure both volumes and pricing on pet medications.” “Recent analysis of traffic to PETS web sites confirms this, in our opinion, as October and...
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Jefferies Raises PT On Amazon.com
Tuesday, January 4, 2011 - 8:48am | 27Jefferies & Company has raised the price target on Amazon.com (NASDAQ: AMZN) from $185 to $205 and maintains its Buy rating.
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Tech Crunch: iPad Not A Kindle Killer (AAPL, AMZN)
Monday, January 3, 2011 - 4:31pm | 68Just reiterating what everyone already knows, Tech Crunch did a survey showing that the Apple (NASDAQ: AAPL) iPad isn't a Kindle killer. The Kindle is made by Amazon.com (NASDAQ: AMZN). The Kindle appears to the lucrative bookwarm market, while the iPad appeals to everyone.
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Netflix Hitting Intra-Day Highs (NFLX)
Monday, January 3, 2011 - 3:20pm | 72Money has been steadily moving into Netflix (NASDAQ: NFLX) over the last couple of hours and the stock has just hit a new intra-day high, up 2.84% at $180.62. NFLX actually opened lower and spent some time in negative territory this morning before staging a strong afternoon rally. Over the last...
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Market Roundup (EXPE, OWW, UAL, LCC, AMR, MU)
Monday, January 3, 2011 - 1:27pm | 244Shares of Expedia Inc (NASDAQ: EXPE) and Orbitz Worldwide Inc. (NYSE: OWW) both dropped after Soleil Securities analyst Jake Fuller downgraded the stocks from “buy” to “hold.” Expedia shares lost around 3.1%, while Orbitz shares were down about 1% following the downgrade. Airline stocks gained...
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Company News for January 03, 2011 - Corporate Summary
Monday, January 3, 2011 - 11:05am | 1054• Goldman Sachs (NYSE:GS) has invested $450.0 million in social networking firm Facebook, and is planning to invest another $1.5 billion, making the value of the site at about $50 billion • Bank of America (NYSE:BAC) has reported fourth quarter charges of $3 billion on its GSE exposure, and $2...
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Even CEOs Need to Eat at CES
Monday, January 3, 2011 - 10:57am | 125(TheStreet) -- The world's largest consumer technology trade show, the 2011 International Consumer Electronics Show, arrives in Las Vegas this week with about 2,700 exhibitors and a loaded calendar of events. Not only does it start off with a bang with a preshow keynote address by Steve Ballmer of...
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Stock Market News for Jan 3, 2011 - Market News
Monday, January 3, 2011 - 10:36am | 1287Investors mostly stayed away from the Street on Friday, being New Year's Eve and markets closed largely mixed. This was also one of the lightest volume trade days of the year. Though, apart from the Dow, certain benchmarks shed a few points on the closing day, the markets posted an optimistic...
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Piper Jaffray: Priceline Remains Top Pic Among Online Travel Agencies
Monday, January 3, 2011 - 10:33am | 126Piper Jaffray performed its 2nd survey of paid search advertising placement for hotels on local search engines in 63 countries around the world, which showed that 91% of searches in developing countries had at least one advertisement for a Priceline (NASDAQ: PCLN) owned site, up from 82% of...
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Company News for January 03, 2011 - Corporate Summary
Monday, January 3, 2011 - 10:28am | 1054• Goldman Sachs (NYSE:GS) has invested $450.0 million in social networking firm Facebook, and is planning to invest another $1.5 billion, making the value of the site at about $50 billion • Bank of America (NYSE:BAC) has reported fourth quarter charges of $3 billion on its GSE exposure, and $2...
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J.P Morgan Raises Estimates & PT on Shutterfly, Citing Increased Business Confidence
Monday, January 3, 2011 - 10:13am | 174J.P morgan is maintaining its Overweight rating on Shutterfly (NASDAQ: SFLY) as it believes the company will continue to benefit from strong growth in its personalized products and services business. Additionally, it thinks Shutterfly will achieve better printing facility utilization via the...
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Stock Market News for Jan 3, 2011 - Market News
Monday, January 3, 2011 - 10:07am | 1287Investors mostly stayed away from the Street on Friday, being New Year's Eve and markets closed largely mixed. This was also one of the lightest volume trade days of the year. Though, apart from the Dow, certain benchmarks shed a few points on the closing day, the markets posted an optimistic...