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Wedbush Upgrades Amdocs To Outperform, Raises PT To $37
Wednesday, June 29, 2011 - 7:31am | 26Wedbush has upgraded Amdocs (NYSE: DOX) from Neutral to Outperform and has raised the price target from $32 to $37.
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Stocks to Watch for 6/29/11: Fresh 52 Week Highs and Lows
Wednesday, June 29, 2011 - 4:11am | 2861Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session: 1) CIGNA (NYSE: CI): Shares of CIGNA hit a 52-week high of $51.16 in Tuesday's...
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Benzinga's After Hours Decliners
Tuesday, June 28, 2011 - 6:07pm | 110Among the stocks that have lost ground in Tuesday's after hours trading session are TIBCO Software (NASDAQ: TIBX), Cumberland Pharmaceuticals (NASDAQ: CPIX), The Shaw Group (NYSE: SHAW) and Fairchild Semiconductor (NYSE: FCS). The Shaw Group (SHAW) has lost more than 12% to $28.31 after a...
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Calls Purchased on Nuance Communications, Inc.
Tuesday, June 28, 2011 - 12:03pm | 122Shares of Nuance Communications, Inc. (NASDAQ: NUAN) are higher on the session by 1.27%, currently trading at $20.81. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are buying calls on the name today. A...
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Looking at Buys in Under Armour (UA) and VirnetX (VHC)
Tuesday, June 28, 2011 - 8:52am | 2941) Under Armour, Inc. (UA) up on the heels of great Nike, Inc. (NKE) earnings, I'm looking for a trade above $75 on with a hold on a 5 minute basis. Ultimately I'm looking for an ultimate move back to $80. For a day trade can probably see $77-77.50 today. Stops at $74. 2) VirnetX Holding...
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Callidus Software Announces Addition to Russell 2000 Index
Tuesday, June 28, 2011 - 7:01am | 149Callidus Software Inc. (NASDAQ: CALD) announced today that it has been included in the list of additions to the Russell 2000 which was rebalanced after market close on June 24, 2011. "Our addition to the Russell 2000 index is a great reflection of our market leadership and the growth profile of...
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To The Cloud: First Trust To Introduce First Cloud-Computing ETF
Tuesday, June 28, 2011 - 12:55am | 342First Trust, the Illinois-based ETF issuer with 59 funds on the market and over $8.2 billion assets under management, filed plans with the Securities and Exchange Commission to introduce the First Trust ISE Cloud Computing Index Fund. The ETF will track the ISE Cloud Computing Index and trade on...
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Intuit
Monday, June 27, 2011 - 6:45pm | 21Intuit (INTU), a provider of fin'l management software, bought mobile Web banking technology assets from Mobile Money Ventures. Terms weren't disclosed.
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Display Ad Network Takes On DoubleClick
Monday, June 27, 2011 - 5:23pm | 67The technology of online display advertising is evolving rapidly, says Tim Cadogan, chief executive of OpenX. His startup recently received $20 million in funding led by the venture capital units of SAP (SAP) and AOL (AOL), along with two big Japanese groups, Mitsui Global Investment and Sumitomo's...
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Market Update
Monday, June 27, 2011 - 9:35am | 202Shares of HSBC Holdings PLC (NYSE: HBC) dropped about 0.3% after the company announced its plans to merge its Saudi Arabian wholesale and investment banking unit with SABB Securities Ltd. SABB will have a 51% stake of the new entity, to be known as HSBC Saudi Arabia Ltd. HSBC expects the merger to...
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Benzingas Top Pre-Market NASDAQ Losers
Monday, June 27, 2011 - 8:24am | 148Pain Therapeutics (NASDAQ: PTIE) dipped 23.96% to $4.03 in the pre-market session. Pfizer (NYSE: PFE) and PTIE received a Complete Response Letter from the US Food and Drug Administration (FDA) on the resubmission to the new drug application (NDA) for REMOXY. Fundtech Ltd (NASDAQ: FNDT) dropped 0...
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Canaccord Upgrades SuccessFactors to Buy, $38 PT
Monday, June 27, 2011 - 8:05am | 22Canaccord has upgraded SuccessFactors (NASDAQ: SFSF) from Hold to Buy with a $38 price target.
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Citi Comments On Autodesk Analyst Day
Monday, June 27, 2011 - 7:53am | 87According to Citi, Autodesk (NASDAQ: ADSK) was recently removed from its least preferred relative call list after shares declined nearly 15% in the month of June versus ~6% for the S&P 500. Citi said that Autodesk 2012 product line-up is substantially focused on broadening the line of suites...
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UPDATE: Jefferies Color on Autodesk PT Decrease
Monday, June 27, 2011 - 7:52am | 93Jefferies, which lowered its PT on shares of Autodesk, Inc. (NASDAQ: ADSK), is providing some color on the stock. “Ahead of ADSK's analyst day Wednesday, we took a deeper dive into the Suite strategy that is ramping this year,” Jefferies writes. “We think there will be limited incremental impact...
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A Peek Into The Market Before The Trading Starts
Monday, June 27, 2011 - 7:32am | 442Pre-open movers US stock futures are higher this morning, as investors are awaiting data on consumer spending. Futures on the Dow Jones Industrial Average surged 26 points to 11,907.00 and futures on the S&P 500 stock index rose 4.20 points to 1,267.20. Nasdaq 100 futures jumped 7.75 points to...