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Outperformance Continues With Cardtronics Inc (CATM)
Thursday, August 5, 2010 - 11:53am | 187Deutsche Bank is out with a report, where it reiterates its “buy” rating on Cardtronics Inc (NASDAQ: CATM); it has also raised its target price from $18.00 to $19.00 on the stock. CATM posted strong 2Q results that outperformed DB estimates by $0.06. The analysts at DB noted, “We remain...
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The Dog That Didn't Bark? - Earnings Trends
Wednesday, August 4, 2010 - 10:32am | 5015Key Points: Second quarter earnings season shaping up as a very strong one. So far 66.6% of firms reporting (333). Surprise ratio 4.63 with a 6.12% median surprise. Total net income grows 44.4%. Sales Surprise ratio at 1.83, median surprise 1.17%; 60% of all firms do better than expected on top...
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Bruce Berkowitz Adds Morgan Stanley To Fairholme Capital (MS)
Tuesday, August 3, 2010 - 3:34pm | 173Bruce Berkowitz has added a position in Morgan Stanley (NYSE: MS) to his Fairholme Capital fund according to Market Folly. The rest of the portfolio is broken down like this: 1. Sears Holdings (SHLD): 7.7% of the portfolio 2. AIG (AIG): 6.8% 3. Citigroup (C): 5.4% 4. Goldman Sachs (GS): 5.4% 5....
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Calls Purchased on Discover Financial Services (DFS)
Monday, August 2, 2010 - 12:01pm | 120Shares of Discover Financial Services (NYSE: DFS) are higher on the session by 2.95%, currently trading at $15.72. The stock has been moving largely higher over the past two months, off of recent lows near $12.25. Options traders are buying calls on the name today. The August $16.00 call was...
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Stop Trading: Jim Cramer Says People Willing To Pay Premium For PNRA
Thursday, July 29, 2010 - 12:16pm | 286In his Stop Trading! segment on CNBC, Jim Cramer mentioned that Panera Bread (NASDAQ: PNRA) can be grouped together with firms like Chipotle (NYSE: CMG) and Whole Foods (NASDAQ: WFMI) as the fast food offered by the company is apparently good for you. Cramer said that PNRA is “part of that rubric...
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Warren Buffett, Growth Investor?
Thursday, July 29, 2010 - 8:25am | 286NEW YORK (TheStreet) -- Most people consider Warren Buffett a value investor, but his methods aren't so simple. His style has evolved over the years and incorporated strategies of growth investing. For this reason -- having taught his principles for 20 years and benefited from them personally, and...
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News Summary (AAPL, SLM, GS)
Wednesday, July 28, 2010 - 10:39am | 226HTC has announced that it will soon introduce four smartphone models under its own name in China. The company aims to establish its brand in the world’s largest mobile market. Analysts feel that HTC is the prime beneficiary of the sluggish approach showed by Apple (NASDAQ: AAPL) in launching its...
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How I'm Playing the Risk Trade
Saturday, July 24, 2010 - 10:32am | 441Three stocks which did very well for my portfolio this past week were: Qualcomm (QCOM), American Express (AXP), and Trina Solar (TSL). I will continue to hold the majority of my long positions (as this entire market moves as a whole these days) until I see the risk trade come off the table....
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Calls Sold on Americredit Corp. (ACF)
Friday, July 23, 2010 - 10:59am | 121Shares of Americredit Corp. (NYSE: ACF) are flat on the session, currently trading at $23.92. The company announced yesterday that they would be acquired by General Motors. Options traders are selling calls on the name today. The January 2011 $25.00 call was sold, on the bid, 3,150 times a short...
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Company News for July 23, 2010 - Corporate Summary
Friday, July 23, 2010 - 10:09am | 387• Microsoft (NASDAQ:MSFT) posted fiscal fourth quarter earnings of 51 cents compared with Zacks estimate of 47 cents. Revenues were up 22.5% year over year to $16 billion compared with Zacks estimate of $15.3 billion • SanDisk (NASDAQ:SNDK) posted second quarter earnings of 18 cents, on revenues...
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Stock Market News for July 23, 2010 - Market News
Friday, July 23, 2010 - 9:21am | 739The market looked down on Wednesday following the statement by the Fed Chairman that the economic outlook is “unusually uncertain." However, optimism returned yesterday riding on favorable corporate earnings and forecasts, better than expected news from the housing market and an upward move in...
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Benzinga’s Top Downgrades (PVR, BEC, ACF, TRV)
Friday, July 23, 2010 - 7:08am | 155Penn Virginia Resource Partners LP (NYSE: PVR) was downgraded by RBC Capital from “outperform” to “sector perform.” PVR’s shares closed at $23.70 yesterday. Penn Virginia Resource Partners’ earnings may fall by 53.42% this year. Piper Jaffray downgraded Beckman Coulter Inc (NYSE: BEC) from "...
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Keefe Bruyette Downgrades ACF To Market Perform
Friday, July 23, 2010 - 6:11am | 42Analysts at Keefe Bruyette downgrade AmeriCredit Corp (NYSE: ACF) from "outperform" to "market perform." ACF’s shares jumped 21.37% to close at $23.91 yesterday. More Analyst Ratings here
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American Express Exceeds Estimates, Stock Falls (AXP)
Thursday, July 22, 2010 - 4:46pm | 99American Express (NYSE: AXP) reported that its Q2 net income attributable to shareholders was $1 billion compared to $102 million in the year ago period. On an earnings per share basis, income was $0.84. This beat analysts' expectations of $0.78. Total revenues after interest expense came in at $6...
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American Express Tops By 7c
Thursday, July 22, 2010 - 4:13pm | 32American Express Company (NYSE: AXP) reports Q2 EPS $0.84 vs consensus of $0.78. AXP reports $6.9 billion of revenue versus $6.84 billion. US card services revenue was $3.6 billion.