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The Daily Long and Short Setup
Wednesday, July 21, 2010 - 8:54am | 127Futures are trying to once again stick it to us bears. This keeps up through early trading, I'll begin looking to hedge the portfolio. I might be a bear right now, but if that theory is bound to sink, I sure as heck am not going down with it. Not that I believe that the bear argument is dead yet,...
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DGX Posts Higher-Than-Expected Q2 EPS, Reduces 2010 Projections
Wednesday, July 21, 2010 - 8:49am | 209Quest Diagnostics (NYSE: DGX) has reported its Q2 income from continuing operations at $195 million, or $1.07 per share, up from $188 million, or $1.00 per share, in the year-ago period. The company’s Q2 revenue has slipped 1.4% y/y to $1.9 billion. Surya N. Mohapatra, Chairman and Chief Executive...
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Oclaro Acquires Mintera Corporation (OCLR)
Wednesday, July 21, 2010 - 8:42am | 104Oclaro, Inc. (Nasdaq: OCLR), a tier-one provider of innovative optical communications and laser solutions, today announced it has acquired Mintera Corporation, a privately-held leader in high-performance optical transport sub-systems solutions. The acquisition of Mintera broadens Oclaro's product...
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Oclaro Acquires Mintera Corporation
Wednesday, July 21, 2010 - 8:34am | 177Oclaro, Inc. (Nasdaq: OCLR), a tier-one provider of innovative optical communications and laser solutions, today announced it has acquired Mintera Corporation, a privately-held leader in high-performance optical transport sub-systems solutions. The acquisition of Mintera broadens Oclaro's product...
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Benzinga's After Hours Gainers (ESRX, SHLD, DHI)
Monday, July 19, 2010 - 7:06pm | 147Among the notable stocks that are moving higher in the after hours trading session are Express Scripts (NASDAQ: ESRX), Sears Holdings (NASDAQ: SHLD), and D.R. Horton (NYSE: DHI). Express Scripts (NASDAQ: ESRX) has gained 1.48% to $47.08 in late trading. Year-to-date, the stock has gained 7.36%, but...
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Avondale Securities Lowers The Rating On Amedisys (AMED)
Monday, July 19, 2010 - 4:06pm | 26Avondale Securities lowers the rating on Amedisys (Nasdaq: AMED). Avondale cut Amedisys from Market Outperform to Market Perform.
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Calls Sold on Quest Diagnostics (DGX)
Monday, July 19, 2010 - 11:45am | 118Shares of Qwest Diagnostics Inc. (NYSE: DGX) are lower on the session by 0.39%, currently trading at $49.10. The stock has been moving largely lower over the past six months and is currently in a technical downtrend. Options traders are selling calls on the name today. The August $55 call was sold...
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Wells Fargo Initiates ATHN With Market Perform
Friday, July 16, 2010 - 6:35am | 43Analysts at Wells Fargo Securities initiate coverage of athenahealth Inc (NASDAQ: ATHN) with a "market perform" rating. ATHN’s shares closed at $24.06 yesterday. More Analyst Ratings here
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Benzinga’s Top Pre-Market Losers (LHCG, GTIV, ACGY, ODSY)
Wednesday, July 14, 2010 - 9:13am | 148LHC Group (NASDAQ: LHCG) dipped12.47% to $20.15 in the pre-market session. The Securities and Exchange Commission (SEC) has requested LHCG to preserve all documents associated with its Medicare reimbursement practices. Gentiva Health Services Inc (NASDAQ: GTIV) lost 11.52% to $19.73 in the pre-...
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Amedisys’s woes continue
Tuesday, July 13, 2010 - 10:50am | 696Amedisys shares tumble 23% on earnings drop, Market Watch Kudos to Sam Antar for the warning on this stock! - Ilene Recall: Open Letter to the Securities and Exchange Commission: Investigate Troubling Issues at Amedisys Missed by Wall Street Journal Courtesy of Sam Antar of White Collar Crime To...
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Benzinga’s Top Pre-Market Losers (CVLT, AMED, SQNM, ATPG)
Tuesday, July 13, 2010 - 8:50am | 129CommVault Systems (NASDAQ: CVLT) tumbled 24.80% to $17.65 in the pre-market session. CVLT’s preliminary Q1 earnings call is scheduled for today . Amedisys Inc (NASDAQ: AMED) fell 13.51% to $30.29 in the pre-market session. AMED had yesterday forecast its second-quarter profit short of expectations...
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Open Letter to the Securities and Exchange Commission: Investigate Troubling Issues at Amedisys Missed by Wall Street Journal
Wednesday, July 7, 2010 - 5:10pm | 677Open Letter to the Securities and Exchange Commission: Investigate Troubling Issues at Amedisys Missed by Wall Street Journal Courtesy of Sam Antar of White Collar Crime To Securities and Exchange Commission Chairperson Mary Schapiro: On June 30, 2010, Amedisys (NASDAQ: AMED) announced that it "...
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Goldman Sachs Revises Price Target for athenahealth and Emdeon (ATHN, EM)
Wednesday, July 7, 2010 - 10:54am | 168Goldman Sachs published a research note earlier this morning on the Healthcare Technology sector. The report highlighted continuing market weakness and revised the firm's price targets for athenahealth and Emdeon in order to account for "higher equity risk premium." athenahealth (NASDAQ: ATHN)'s...
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Puts Purchased on Lincare Holdings (LNCR)
Tuesday, July 6, 2010 - 12:44pm | 147Shares of Lincare Holdings Inc. (NASDAQ: LNCR) are lower on the session by 5.73%, currently trading at $27.16. The stock has been trading largely higher over the past six months, but cratered lower last week and is now testing the 200-day moving average. Options traders are buying protection on...
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Gainers And Losers On July 2
Friday, July 2, 2010 - 3:49pm | 175In the last hour of the trade, the Dow has narrowed the losses to 22 points. Some of the stocks that have made noteworthy movements in the market today are: Gainers Orient Paper Inc (NYSE: ONP) – Surged 44.20% Thor Industries Inc (NYSE: THO) – Advanced 11.53% Red Robin Gourmet Burgers Inc (NASDAQ:...