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Pre-Paid Legal Shareholders Approve Merger Agreement
Tuesday, June 21, 2011 - 3:41pm | 135Pre-Paid Legal Services, Inc. (NYSE: PPD) announced that Pre-Paid's shareholders adopted the previously announced merger agreement, dated January 30, 2011, among Pre-Paid, MidOcean PPL Holdings Corp. and PPL Acquisition Corp. at today's special meeting. More than 99% of the shares voting at the...
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Calls Purchased on Acorda Therapeutics, Inc.
Tuesday, June 21, 2011 - 10:09am | 135Shares of Acorda Therapeutics, Inc. (NASDAQ: ACOR) are higher on the session by 2.01%, currently trading at $32.00. The stock has been moving largely higher over the past three months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today....
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Options Brief: Pre-Paid Legal Services
Monday, June 20, 2011 - 11:05am | 80Shares of Pre-Paid Legal Services (NYSE: PPD) are higher on the session by 0.09%, trading at $66.49. Overall call volume is now running at 105.90x the daily average, with 0% of all calls traded being purchases on the offer. 3,283 contracts have traded on the session so far. Pre-Paid Legal...
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Redbox Launches Game Rentals, Is This A Catalyst For Coinstar?
Friday, June 17, 2011 - 7:49am | 435Coinstar (NASDAQ: CSTR) has announced that finally after two years of testing, it will be launching nationwide video game rentals, which could be a boon for the company, and its shareholders. The company announced that its Redbox kiosks would be offering $2/night video game rentals, as well as the...
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Mad Money Lightning Round: Cramer Likes Peabody Energy, McDonald's, Vodafone
Wednesday, June 15, 2011 - 11:56pm | 262On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Stonemor Partners (NASDAQ: STON) is an “inexpensive stock. Yield is what protects us in bad markets." He said that Vodafone Group (NASDAQ: VOD) has a “good yield and safety with that yield. I've recommended it before and I'll do...
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Transcontinental Flight to Safety 06-15-2011
Wednesday, June 15, 2011 - 5:28pm | 933Cusick's Corner Well, we just took a ride on the transcontinental flight to safety and for some of us this has been neither a cheap nor enjoyable flight, especially with the Euro dumping over 2% against the Buck. There was a small lift after the lows on the close but we are at critical levels on...
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Wednesday's Put/Call Ratio Leaders
Wednesday, June 15, 2011 - 11:32am | 84Here are today's Put/Call Ratio leaders… 1. H and R Block Inc. (NYSE: HRB) 7,314 puts, 23 calls 2. Hologic Inc. (NASDAQ: HOLX) 10,314 puts, 42 calls 3. Radian Group Inc. (NYSE: RDN) 10,672 puts, 100 calls 4. Lender Processing Services Inc. (NYSE: LPS) 2,812 puts, 33 calls 5. Cheesecake Factory Inc...
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Wedbush Maintains Outperform Rating, $57 PT on Sotheby's Holdings
Wednesday, June 15, 2011 - 7:12am | 73Given “ever strengthening momentum in the global art market, driven in no small part by the rapid emergence of Chinese demand for art, we believe shares of Sotheby's Holdings (NYSE: BID) should trade relatively in line to the peer group average of other luxury good companies,” Wedbush reports....
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Top Performing Industries For June 13
Monday, June 13, 2011 - 9:02am | 187At 10:00 am, the Dow rose 0.33% to 11,991.65, the broader Standard & Poor's 500 index moved up 0.43% to 1,276.40 and the NASDAQ composite index gained 0.47% to 2,656.04. The industries that are driving the market today are: Internet Service Providers: This industry jumped 1.47% by 10:00 am....
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Bank of America Merrill Lynch Maintains Buy on Stewart Enterprises
Thursday, June 9, 2011 - 7:10am | 135Bank of America Merrill Lynch is out with its report today on Stewart Enterprises (NASDAQ: STEI), maintaining Buy. In a note to clients, Bank of America Merrill Lynch writes, "STEI shares are off 16% from a high in April (vs. -3% S&P 500), in sympathy with weaker financial services stocks and...
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Coinstar and Safeway Announce Agreement to Install Coin-Counting Kiosks
Thursday, June 9, 2011 - 7:01am | 80Coinstar, Inc. (NASDAQ: CSTR) and Safeway Inc. (NYSE: SWY) today announced an agreement to install approximately 1,400 Coinstar kiosks in Safeway's stores in the United States and Canada by the end of 2011. Coinstar kiosks are expected to be installed in Safeway stores and its banners including...
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Earnings Scheduled For June 8
Wednesday, June 8, 2011 - 12:46am | 288Pall Corporation (NYSE: PLL) is projected to report its FQ3 EPS at $0.71 on revenue of $667.50 million. Cantel Medical Corp (NYSE: CMN) is expected to report its Q3 EPS at $0.31 on revenue of $76.17 million. Men's Wearhouse Inc (NYSE: MW) is estimated to report its Q1 EPS at $0.49 on revenue of...
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Mad Money Lightning Round: Cramer Likes Alcoa, Stewart Enterprises
Sunday, June 5, 2011 - 11:50pm | 190On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Marathon Oil (NYSE: MRO) has “already had its move. You're too late." Cramer said that Stewart Enterprises (NASDAQ: STEI) has “come down way too much. I'd be a buyer." For Amazon.com (NASDAQ: AMZN), Jim said, "Sales are good,...
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Service Corporation International Announces the Acquisition of 70% Interest in The Neptune Society, Inc.
Friday, June 3, 2011 - 9:57am | 218Service Corporation International (NYSE: SCI) today announced that it has acquired 70% of the outstanding shares of The Neptune Society, Inc. Neptune is the nation's largest direct cremation organization, with annual revenues of more than $55 million and a network of 30 locations in nine states....
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Piper Jaffray Provides Color on Coinstar
Friday, June 3, 2011 - 6:37am | 126According to a recent report from Piper Jaffray, Coinstar (NASDAQ: CSTR) is heading in a positive direction due to a consistently strong box office with help from a record breaking Memorial Day weekend. The box office points to positive signs for Redbox in 2H11 and Piper Jaffray reiterates an...