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J.P. Morgan Overweight On IBM (IBM)
Wednesday, March 9, 2011 - 8:49am | 144J.P. Morgan Chase & Co. has an Overweight rating and a $166 price target on shares of IBM (NYSE: IBM). In a note to investors, J.P. Morgan writes, "On Tuesday, Overweight-rated IBM hosted its analyst day in Yorktown Heights,NY. The event was longer term in scope, and it offered investors a...
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Citi Discusses Results From IBM Analyst Day (IBM)
Wednesday, March 9, 2011 - 8:43am | 224Citi Investment Research is out with a research report on IBM (NYSE: IBM) after the company held its analyst day. It has a $175 price target and a Medium Risk rating on shares. In a note to investors, Citi writes, "The company anticipates the three main segments of growth – Business Analytics,...
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Judy Lewent to Step Down From Dell Board of Directors
Tuesday, March 8, 2011 - 5:37pm | 91Dell (NASDAQ: DELL) announced today that Judy Lewent has decided not to seek re-election to its board of directors when her current term ends in July in order to devote more time to other business responsibilities. Ms. Lewent, the former executive vice president and chief financial officer of...
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Apple Possibly Releasing iOS 4.3 On March 9 (AAPL)
Tuesday, March 8, 2011 - 4:30pm | 28There is a rumor about Apple (NASDAQ: AAPL) possibly releasing the iOS 4.3 operating system early tomorrow instead of 3/11.
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What's So Special About Facebook Movies? (NFLX, AMZN)
Tuesday, March 8, 2011 - 3:57pm | 681Movies are now on Facebook. Do you care? In the world of me-too strategies, this announcement does not seem to be worth the buzz that it has received this morning. What are the odds that Facebook's avid users – the people who come to the service for more than status updates – haven't seen The Dark...
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High Beta Names Not Doing Much (AAPL, BIDU, CMG)
Tuesday, March 8, 2011 - 3:04pm | 74The higher beta names like Apple (NASDAQ: AAPL), Chipotle Mexican Grill (NYSE: CMG) and Baidu (NASDAQ: BIDU) aren't doing much, but the equity markets are skyrocketing. At last check, the Dow was up 145 points, the S&P was up 13 points, and the NASDAQ was up 28 points.
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Financial Sector Leading
Tuesday, March 8, 2011 - 1:40pm | 239The financial sector was the leading indicator for the rally today. This was clearly seen as the markets sold sharply for the first twenty minutes of the day before reversing to the upside dramatically. As the markets were selling into the 10:00am ET time frame, Goldman Sachs Group, Inc. (NYSE: GS...
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What Happens When QE2 Ends?
Tuesday, March 8, 2011 - 1:36pm | 748By Josh Lipton Tomorrow, on March 9, the S&P 500 is scheduled to celebrate its second bull-market birthday. The historic rally has been dramatic and, for many strategists and analysts, unexpected. Two years ago, how many of your friends and neighbors would have bet that the US stock market...
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HP Receives $22.5M Customer Support Services Contract from U.S. Federal Community Service Agency
Tuesday, March 8, 2011 - 12:01pm | 160HP Enterprise Services today announced it has been selected by the Corporation for National and Community Services, a federal agency that engages Americans in volunteering, to provide information technology solutions designed to improve the level of service and success of its programs. The...
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Piper Jaffray Maintains Overweight on Apple (AAPL)
Tuesday, March 8, 2011 - 8:39am | 138Piper Jaffray is out with its report today on Apple (NASDAQ: AAPL), maintaining Overweight in anticipation of the iPad 2 launch. In a note to clients, Piper Jaffray writes, "We believe initial demand for iPad 2 will be strong but lines at Apple retail stores could be shorter than lines for the...
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Four Trade Ideas for Tuesday, March 08
Monday, March 7, 2011 - 7:29pm | 1410( click to enlarge ) Starbucks Corporation (NASDAQ:SBUX) broke resistance today, hitting a new 52-week high. Today's high of $34.79 is resistance for the continuation move. The technical daily chart above shows the momentum indicators have turned up and the RSI is on the rise. For the short...
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At Apple, Customer Service Is In - Select Games And Hardware Are Out (AAPL)
Monday, March 7, 2011 - 5:23pm | 299Contrary to popular belief, grandma isn't the only one who would like help setting up an e-mail account. Apple (NASDAQ: AAPL) is about to remove 32 games and an unspecified number of hardware peripherals from its stores to make room for a new service. According to The Loop, this is all due to a new...
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Best Buy To Give iPads To Employees? (BBY, AAPL)
Monday, March 7, 2011 - 4:47pm | 166Forbes is reporting that Best Buy (NYSE: BBY) may be giving its store employees iPads in an effort for the employees to get a better handling on the product as they sell them to customers. The company is an original Apple (NASDAQ: AAPL) partner, having sold the first iPad in its stores, and will...
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IBM Drags The Dow Jones Lower
Monday, March 7, 2011 - 4:12pm | 138International Business Machines Inc.(NYSE: IBM) is the highest priced stock in the Dow Jones Industrial Average(DJIA) at $160.00 a share. The DJIA is a price capitalization weighted index, therefore, IBM is the most important stock for the Dow Jones Industrial Average. Today IBM is trading lower by...
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How To Trade The IBM Analyst Day Tomorrow (IBM, EMC, SVVS, FFIV, DLR)
Monday, March 7, 2011 - 4:07pm | 445IBM (NYSE: IBM) is set to host its analyst day tomorrow which will likely to focus on the roadmap to 2015. Barclays believes the day will be focused on stuff the company talked about at its last analyst day, such as "growth markets", "analytics", "next-generation data center and cloud", and a "...