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Consumers Continue Shopping Online - Analyst Blog
Monday, December 6, 2010 - 1:01pm | 493The recession, job cuts and poorer purchasing power notwithstanding, U.S. consumers have retained their appetite for spending. Thus says latest data from ComScore, which has disclosed online spending estimates for the first phase of the 2010 holiday season. Although the heaviest days were...
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Top Performing Industries For December 6 (BBW, NFLX, MGN, RVBD)
Monday, December 6, 2010 - 12:23pm | 207At 11.11 am, the Dow lost 0.02% to 11,379.86, the broader Standard & Poor's 500 index moved down 0.10% to 1,223.48 and the NASDAQ composite index fell 0.01% to 2,591.15. The industries that are still afloat in the market today are: Toy & Hobby Stores: This industry jumped 4.55% by 11.11 am...
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Will Amazon Have Netflix-Like Subscription Video?
Monday, December 6, 2010 - 10:54am | 107Amazon (NASDAQ: AMZN) is working on a "Netflix-like subscription service" for movies and TV shows, according to a Wall Street Journal report issued today. The package will stream and could be bundled with Amazon's $79/year service. Although talk about Amazon's video package is preliminary and no...
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Company News for December 6, 2010 - Corporate Summary
Monday, December 6, 2010 - 10:43am | 859• Rio Tinto (NYSE: RIO) is reported to be in talks with a possible $3.2 billion offer in the works for Australian Riverdale Mining • Barron's wrote favorably on Big Lots (NYSE: BIG) on valuation merits after last week's earnings miss • According to All Things Digital, talks between Google (NASDAQ:...
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Company News for December 6, 2010 - Corporate Summary
Monday, December 6, 2010 - 10:21am | 859• Rio Tinto (NYSE: RIO) is reported to be in talks with a possible $3.2 billion offer in the works for Australian Riverdale Mining • Barron's wrote favorably on Big Lots (NYSE: BIG) on valuation merits after last week's earnings miss • According to All Things Digital, talks between Google (NASDAQ:...
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Top Selling Stock Market Books
Sunday, December 5, 2010 - 4:57pm | 451If you are still trying to find some gifts for friends and relatives who like to trade and invest, here are the top five best sellers at Amazon.com (AMZN). The Neatest Little Guide to Stock Market Investing, 2010 Edition One Up On Wall Street : How To Use What You Already Know To Make Money In The...
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Netflix Attracting Controversy On CNBC Today (NFLX)
Friday, December 3, 2010 - 4:59pm | 362A furious debate between bulls and bears over red-hot Netflix (NASDAQ: NFLX) has been unfolding on CNBC on Friday. Hank Greenberg, Jim Cramer, and an Oppenheimer analyst just wrapped up a debate on the Closing Bell. The analyst is bullish on the stock while Greenberg is bearish. In fact, Greenberg...
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Netflix (NFLX) Falls Dramatically Past 3 Sessions; in Related Note - Hell Freezes Over
Friday, December 3, 2010 - 2:18pm | 414This is an example of why it is hard to chase stocks that are so far away from even the short duration moving average (i.e. 10 day or 20 day). It works, until it doesn't work - and then usually the reversal is quick and dirty. If you chase a chart this extended, you really need to have some...
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Manuel Asensio Shorting Netflix (NFLX)
Friday, December 3, 2010 - 1:43pm | 137Noted short-seller Manuel Asensio was on the Strategy Session with CNBC's David Faber and Gary Kaminsky today. Asensio is shorting shares of Netflix (NASDAQ: NFLX) and has been short the name since August. Since Asensio initiated the short position, NFLX shares have risen 66%. Aensio said that the...
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Whitney Tilson: Short Netflix (NFLX)
Friday, December 3, 2010 - 12:59pm | 118At yesterday's Bloomberg 2010 Hedge Fund conference, T2 Partners fund manager Whitney Tilson said that he was short Netflix (NASDAQ: NFLX), and has been short the name for the last 100 points to the upside. He said he likes the business, but sees it realistically trading around 25 times earnings,...
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Will the Holiday Season Be a Boon for FedEx (NYSE: FDX) Shares?
Friday, December 3, 2010 - 10:18am | 2048The holiday season has begun! Consumers everywhere are doing their part to stimulate the economy, and more and more holiday shopping these days is being done online. Some of the beneficiaries of this activity (other than the recipients of said gifts) are the major shipping companies, namely UPS (...
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Deutsche Bank Raises IACI PT From $32 To $33.50
Friday, December 3, 2010 - 9:05am | 33Deutsche Bank has reiterated its Buy rating on shares of IAC/InterActiveCorp (NASDAQ: IACI) while raising its target from $32 to $33.50. IAC/InterActiveCorp currently trades at $29.35.
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Shutterfly, Inc. (SFLY) - Bull of the Day
Friday, December 3, 2010 - 3:21am | 189Shutterfly Inc.'s (SFLY) third quarter loss was lower than the Zacks Consensus Estimate, driven primarily by higher revenues from the photo book. Product innovation, a focus on developing a successful commercial printing business, strategic partnerships with retailers and opportunistic acquisitions...
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Shutterfly, Inc. (SFLY) - Bull of the Day
Thursday, December 2, 2010 - 8:00pm | 189Shutterfly Inc.'s (SFLY) third quarter loss was lower than the Zacks Consensus Estimate, driven primarily by higher revenues from the photo book. Product innovation, a focus on developing a successful commercial printing business, strategic partnerships with retailers and opportunistic acquisitions...
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Benchmark Maintains IACI Rating As The Company Acquires 12.8 Million Shares Of Liberty Media
Thursday, December 2, 2010 - 4:14pm | 80IAC/InterActiveCorp (NASDAQ: IACI) acquired 12.8 million shares of its stock (12%), valued at $368 million as of yesterday's close, from Liberty Media for $220 million ($17.19 per share) and two of its Media websites, Benchmark reports. “We believe the valuation achieved is attractive while...