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J.P Morgan Upgrades Blue Nile To Neutral; Raises PT
Monday, January 3, 2011 - 10:06am | 154J.P Morgan is upgrading Blue Nile (NASDAQ: NILE) to Neutral as it expects the company to benefit from an increase in consumer spending and consolidation in the industry. It is also raising estimates, and its December 2011 price target goes to $49 from $39. While Blue Nile's 3Q was below...
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Orbitz Worldwide Appoints Russ Hammer as CFO
Monday, January 3, 2011 - 8:08am | 28Orbitz Worldwide, Inc. (NYSE: OWW) today announced the appointment of Russ Hammer as the company's Chief Financial Officer, effective January 1, 2011.
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JP Morgan Raises PT On Shutterfly
Monday, January 3, 2011 - 7:49am | 27JP Morgan has raised the price target on Shutterfly, Inc. (NASDAQ: SFLY) from $32 to $39 and maintains its Overweight rating.
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Expedia Drops American Airlines Tickets From Site
Sunday, January 2, 2011 - 10:06pm | 158Travel reservations Web site Expedia (Nasdaq: EXPE) has dropped American Airlines tickets from its Web site, adding more fuel to the fire in a contentious relationship between select online travel sites and some major airlines. American (NYSE: AMR) recently removed its fares from Expedia rival...
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Year-End 2010: Looking Backward and Forward (in Volatility Terms)
Friday, December 31, 2010 - 5:03pm | 1498Volatility for an options trader can basically mean two different things. There is historical volatility and implied volatility. Actual historical volatility is the objective measurement of the past movement of a security expressed in annualized terms. Typically, this compares prices on a close-...
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Netflix Falls More Than 2% (NFLX)
Friday, December 31, 2010 - 5:03pm | 63Shares of high flying Netflix (NASDAQ: NFLX) continue to come under some pressure, falling 2.22% to $175.79 on Friday. The company has been targeted by some high profile short sellers including Whitney Tilson of T2 Partners. Over the last month, NFLX has lost 12.18%. Year-to-date, the stock has...
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Market Roundup (BJ, M, JWN, LTD, HPQ, ADBE, AMZN)
Thursday, December 30, 2010 - 1:11pm | 248US retail stocks gained after higher-than-expected fall in the weekly jobless claims. The S&P Retail Index (RLX) rose about 0.31%. According to comScore, online holiday sales in the 56 days through December 26 gained13% to $30.81 billion. The gainers in the list included BJ's Wholesale Club Inc...
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Online Travel Names Weak (PCLN, EXPE, OWW)
Thursday, December 30, 2010 - 12:44pm | 95Select online travel names are weaker today, as we look to close out 2010 and move into 2011. Names like priceline.com (NASDAQ: PCLN) and Expedia (NASDAQ: EXPE) are down around 1-2%, despite priceline.com being named one of Piper Jaffray's top picks for 2011. Other names like Orbitz Worldwide (...
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Christmas Dreams These 3 Stocks (NFLX, FFIV, SAM)
Thursday, December 30, 2010 - 11:57am | 2722010 was a year of super sized returns in quite a few stocks, but these three particularly were of note, given the starkness in their industries. Netflix, Inc. (NASDAQ: NFLX) has returned an incredible 226% year to date and many are expecting even bigger things to come in 2011. Netflix is just...
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In Case You Missed It …
Thursday, December 30, 2010 - 11:45am | 1428Steve, George and I (and the entire OptionsHouse team) have enjoyed writing the blog this year. We like reading your comments, giving our spin on market news, and sharing updates about the trading platform. There will be a lot more of this in 2011, but before the year draws to a close we wanted to...
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Can Big Pharma Cure Science Denial?
Wednesday, December 29, 2010 - 1:50pm | 830By Justin Rohrlich Something serendipitous happened to me this morning. After an appointment with my doctor, whose office is at New York Presbyterian Medical Center, I hailed a cab. The driver, a kindly woman who looked roughly 60-ish, asked if I was coming from the hospital. “Yes,” I answered. “...
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Market Roundup (AAPL, ADBE, GOOG, NFLX, GNVC, RNOW)
Wednesday, December 29, 2010 - 1:32pm | 243Tech stocks rose, along with the wider market. The top gainers included Apple Inc. (NASDAQ: AAPL), Adobe Systems Inc (NASDAQ: ADBE), and Google Inc (NASDAQ: GOOG). The top decliner in the list was Netflix Inc (NASDAQ: NFLX). The Nasdaq Composite Index (COMP) gained about 0.24%, while the...
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5 Stocks That Struggled This Year (CSCO, JNJ, WMT, BAC, HPQ)
Wednesday, December 29, 2010 - 10:21am | 493This is really a "Dogs of the Dow" column, as Cisco (NASDAQ: CSCO), Johnson & Johnson (NYSE: JNJ), Bank of America (NYSE: BAC), Wal-Mart (NYSE: WMT), and Hewlett-Packard (NYSE: HPQ) are all in the Dow and have done nothing this year, or lost significant value. Cisco was hit hard this year after...
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Kindle's Not Doing Too Shabby (AAPL, AMZN, DELL)
Tuesday, December 28, 2010 - 9:53am | 116Amazon.com (NASDAQ: AMZN) said that its popular Kindle, the first e-book reader of its kind, is holding its own against tablet computers from companies like Apple (NASDAQ: AAPL) and Dell (NASDAQ: DELL). "We're seeing that many of the people who are buying Kindles also own an LCD tablet," Chief...
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Quick Points on the Covered Call Strategy
Monday, December 27, 2010 - 4:02pm | 1658The covered call is one of the most popular options strategies used by the retail options trader. It is also often one of the first option trading strategies a stock trader will try when entering the options arena. On days when the market is in pullback mode, we tend to see interest in covered...