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The Global Meltdown of Confidence
Monday, August 15, 2011 - 1:00pm | 1187I have never been big advocate of conspiracy theories. Most of these theories are information that is reported in the media circus to incite anger towards one group of people. Meanwhile the real stealth culprits go unnoticed. Let's use the mortgage crisis as an example. There can be no doubt that...
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IBM Trailblazer Equates PCs With Typewriters
Monday, August 15, 2011 - 12:26pm | 632By Michael Comeau Today marks the 30th anniversary of the IBM (IBM) Personal Computer. On August 12th, 1981, IBM held a press conference at New York City's Waldorf Astoria hotel to unveil the IBM 5150. On that day, $1,565, or about $3,900 in today's dollars, bought you a system unit, keyboard...
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Monday's Mid-Day Options Volume Leaders
Monday, August 15, 2011 - 11:25am | 82Here are today's mid-day options volume leaders… 1. Bank of America (NYSE: BAC) 163,749 contracts, 52.3% calls, 47.7% puts 2. Apple Inc. (NASDAQ: AAPL) 145,726 contracts, 58.2% calls, 41.8% puts 3. Motorola Mobility (NYSE: MMI) 77,098 contracts, 79.5% calls, 20.5% puts 4. General Electric (NYSE:...
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NCR Secures Largest Ever ATM Services Deal in China
Monday, August 15, 2011 - 8:15am | 194NCR Corporation (NYSE: NCR) today announced that it has secured its largest ever ATM services contract in China, as NCR continues to grow both its software and services businesses worldwide as well as its operations in emerging regions. NCR will provide hardware maintenance services for...
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Benchmark Comments On Google's Acquisition of Motorola Mobility
Monday, August 15, 2011 - 7:26am | 145The Benchmark Company has published a research report on Google's (NASDAQ: GOOG) acquisition of Motorola Mobility (NYSE: MMI) for 6% or Google's market capitalization and 35% of its net cash. In the report, Benchmark writes, "Google is doubling-down on mobile. Given the importance of this medium...
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Citi Reiterates Buy on Hewlett-Packard to Buy
Monday, August 15, 2011 - 7:15am | 92Citi is out with its report today on Hewlett-Packard (NYSE: HPQ), reiterating Buy. In its report, Citi writes, "HPQ shares currently trade at 6X our FTM EPS estimate, below the 7X at the trough of the 2008/2009 recession and an all-time low. A DCF assuming 0% perpetual growth in FCF yields a...
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News Summary for August 15, 2011
Monday, August 15, 2011 - 6:46am | 634This is your Benzinga news summary and traders' outlook for Monday, August 15, 2011, covering headlines from overnight and Monday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher. At last check, Dow futures are up about 40 points and the U.S....
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Goldman Sachs Upgrades IBM To Buy, Raises PT To $195
Monday, August 15, 2011 - 5:20am | 29Goldman Sachs has upgraded International Business Machines (NYSE: IBM) from Neutral to Buy and has raised the price target from $170 to $195.
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Galaxy S II Details on August 29, Just Days Before the iPhone 5 is Rumored to be Announced
Friday, August 12, 2011 - 1:52pm | 173Coincidence? TechCrunch is reporting that full details regarding the U.S. launch of the Galaxy S II will be announced on August 29. The timing of this announcement is particularly interesting because the iPhone 5 is expected to be unveiled in America on September 7. While the Galaxy S II has...
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Friday's Mid-Day Options Volume Leaders
Friday, August 12, 2011 - 12:00pm | 82Here are today's mid-day options volume leaders… 1. Bank of America (NYSE: BAC) 241,061 contracts, 61.1% calls, 38.9% puts 2. Apple Inc. (NASDAQ: AAPL) 180,909 contracts, 54.7% calls, 45.3% puts 3. Citigroup Inc. (NYSE: C) 96,734 contracts, 43.2% calls, 56.8% puts 4. Cisco Systems (NASDAQ: CSCO)...
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iPhone 5 Announcement Coming September 7?
Friday, August 12, 2011 - 8:49am | 146The annual iPod event could be swapped for a day of iPhone 5 hype. Kodawarisan is reporting (via MacRumors) that Apple (NASDAQ: AAPL) is gearing up for a major fall media event involving the next evolution of the iPhone. “We confirmed with Kodawarisan that the date was not the product of...
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Rodman & Renshaw Reiterates Market Outperform on Dell
Friday, August 12, 2011 - 8:27am | 56Rodman & Renshaw reiterated its Market Outperform rating on Dell (NASDAQ: DELL). At the same time, the rating agency has a price target of $18 placed on the company's stock. On Thursday, DELL closed the day at $14.72. Its shares added 0.48% to their value in today's pre-market trading to stand...
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Nearly Two Dozen Fake Apple Stores Found in China
Friday, August 12, 2011 - 8:05am | 129Several more fake Apple stores have been found in the country that manufactures all of Apple's products. Reuters has the scoop, noting that the stores were found in the southwestern city of Kunming. While this might sound like terrible news, Business Insider makes an interesting point: Apple (...
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Benzinga's Top Upgrades
Friday, August 12, 2011 - 7:00am | 124Robert W. Baird upgraded Xcel Energy Inc (NYSE: XEL) from “neutral” to “outperform.” Xcel Energy's shares closed at $22.85 yesterday. Xcel Energy's trailing-twelve-month revenue is $10.45 billion. Analysts at Citigroup upgraded Discovery Communications Inc (NASDAQ: DISCA) from “hold” to “buy.”...
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News Summary for August 12, 2011
Friday, August 12, 2011 - 6:50am | 554This is your Benzinga news summary and traders' outlook for Friday, August 12, 2011, covering headlines from overnight and Friday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading flat after a 400 point rally in the Dow yesterday. At last check, Dow...