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Microsoft (MSFT) Analysts Expect a Bounce Higher
Friday, May 28, 2010 - 9:11am | 1817Microsoft Corp. (NASDAQ: MSFT) has dropped 16% over the last month and has breached previous support at its 50-week moving average. But a disconcerting pullback for some means a buying opportunity for others, and on Thursday, analysts with FBR upgraded MSFT shares to “outperform” from “market...
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Benzinga’s Top Pre-Market Losers (BCSI, TLAB, JASO, ACGY, HAUP)
Friday, May 28, 2010 - 8:42am | 188Blue Coat Systems Inc (NASDAQ: BCSI) tumbled 17.34% to $23.84 in the pre-market session. Analysts at Piper Jaffray downgrade BCSI from "overweight" to "neutral." Tellabs Inc (NASDAQ: TLAB) lost 12.28% to $8 in the pre-market session. TLAB is involved in designing, developing and supporting...
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Benzinga's After Hours Decliners (GES, SII, EK)
Thursday, May 27, 2010 - 7:02pm | 184Among the after hours decliners today are Guess (NYSE: GES), Smith International (NYSE: SII) and Eastman Kodak (NYSE: EK). Guess Inc. (GES) reported earnings per share of $0.58 compared to analysts' estimates of $0.49 after the closing bell today. Something in the report, however, has GES...
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With Interest Rates this low, Should Investors Look to Equity Dividend Yields?
Thursday, May 27, 2010 - 12:31pm | 1715Interest rates have moved lower recently due primarily to the financial scare across Europe. The two-year Treasury is yielding a paltry 87 bps. Even out 10 years, Treasuries are yielding about 3.25%. What is an income investor to do? Well, the recent sell-off in equities, accompanied by the...
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Superior Energy Services Reiterated "Buy" At Pritchard Capital
Thursday, May 27, 2010 - 9:32am | 68Superior Energy Services (NYSE: SPN), the oil and gas explorer that operates in the Eagle Ford Shale of South Texas, was reiterated as a "buy" with a $32 price target by Pritchatd Capital Partners. Pritchard noted recent data flow from Superior Energy has been "uniformly positive." The brokerage...
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Puts Sold on ION Geophysical (IO)
Wednesday, May 26, 2010 - 2:15pm | 127Shares of ION Geophysical Corp. (NYSE: IO) are markedly higher on the session, currently trading $5.52, up 6.56%. The stock has been a recent outperformer and has found historical support near the $5.00 level. It has also held the 200-day moving average. I am also seeing a long put holder selling...
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Go Where the Market Takes You!
Tuesday, May 25, 2010 - 7:04pm | 541This morning was a tough read. Myself coming into today had a short bias thinking that we were going to test the lows of last Friday and possible break lower. We opened around 250 points below yesterdays close in the SPY near the lows of Friday, which gave me a bit more conviction to go short if...
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Trade with Tight Parameters 05-25-2010
Tuesday, May 25, 2010 - 3:18pm | 752Cusick’s Corner There are a lot of scared investors and traders out there today. We are seeing an enormous spike in emotion and the market seems to be reacting irrationally. While short-term solvency has come into question for some asset classes and countries, I have yet to see or hear a clear,...
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Protection Purchased in Cameron International (CAM)
Tuesday, May 25, 2010 - 11:08am | 118Shares of Cameron International (NYSE: CAM) are lower on the session by 1.95%, currently trading $33.75. The stock has been cratering as of late due to its involvement with the Gulf oil spill. The stock is trading below the 50-day and 200-day moving averages. I am seeing put action heat up in the...
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JP Morgan Slashes Targets For Offshore Drilling Companies (DO, ESV, RIG, NE, PDE)
Monday, May 24, 2010 - 10:35am | 262JP Morgan Chase has lowered its target price and earnings estimates for various offshore drilling companies, including Diamond Offshore (NYSE: DO), Ensco plc (NYSE: ESV), Noble Corp (NYSE: NE), Transocean Ltd. (NYSE: RIG) and Pride International Inc. (NYSE: PDE). The Deepwater Horizon, which was...
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Watch the Moving Average
Monday, May 24, 2010 - 6:05am | 349Digital video recorders (DVR) are wonderful products. What started as a niche product with the launch of ReplayTV and TiVo at the 1998 Consumer Electronics Show in Las Vegas has become ubiquitous. Now included in most cable boxes, DVRs have revolutionized how we watch television. A fan of the...
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Looking at FedEx Options Strategies After an Upgrade
Friday, May 21, 2010 - 4:49pm | 1802During Thursday’s market meltdown, one analyst still had time for optimistic words on United Parcel Service (NYSE: UPS) and FedEx Corporation (NYSE: FDX). David Ross of Stifel Nicolaus boosted his rating on both names to “buy,” noting the shipping industry has room for upside as the global economy...
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BP Knew About Well Problem in Advance According to Report
Friday, May 21, 2010 - 3:20pm | 157According to an article by Thom Hartmann, BP (BP) had received advice from Schlumberger (SLB) before the well blowout that the well had problems and should have been shut down. The Schlumberger crew reportedly got out of there about six hours before the problems began.
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Benzinga’s Top Pre-Market Losers (NTES, HOTT, ACGY, JDSU, JASO)
Thursday, May 20, 2010 - 8:50am | 180NetEase.com Inc (NASDAQ: NTES) tumbled 10% to $28 in the pre-market session. NTES, which has posted Q1 profits short of the analyst expectations, is expecting more weakness in the months ahead due to “maturing game titles and fewer holidays in the period.” Hot Topic Inc (NASDAQ: HOTT) lost 8.12% to...
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Benzinga’s Top Pre-Market Gainers (GERN, MSPD, ENG, QGEN, ASML)
Wednesday, May 19, 2010 - 10:00am | 209Geron Corp (NASDAQ: GERN) soared 4.80% to $5.68 in the pre-market session. GERN announced positive data on TAT153, its orally available small molecule telomerase activator in an animal model of idiopathic pulmonary fibrosis (IPF). Mindspeed Technologies Inc (NASDAQ: MSPD) added 2.36% to $9.10 in...