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IBM Tops, but Shares Drop - Analyst Blog
Tuesday, October 19, 2010 - 8:30am | 565Investors knew what they were doing when pushing shares of IBM (IBM) to within a stone's throw of its 52-week high in the run-up to its third-quarter report. After the bell on Monday, IBM announced earnings per share of $2.82 for the quarter, which beat the Zacks Consensus Estimate of $2.75 by...
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Jefferies Reiterates Buy On Apple
Tuesday, October 19, 2010 - 8:26am | 170While Apple's (NASDAQ: AAPL) stock sold off after hours, Jefferies remains convinced on its rating, tablet, and smartphone thesis continues to provide compelling secular growth for Apple. Jefferies reiterates its Buy and $365 target. With the stock ~+$40 in two weeks, it required an epic quarter...
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Piper Jaffray Raises Price Target On Apple After Earnings Beat (AAPL)
Tuesday, October 19, 2010 - 7:41am | 165Piper Jaffray raised the price target on shares of Apple Inc. (NASDAQ: AAPL) to $429 from $390, and is keeping its Overweight rating, after the company reported much better than expected earnings yesterday. In a note to clients, Piper Jaffray writes, "While shares of Apple may pull back today (10/...
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Citi Reiterates Buy On IBM After Earnings Results
Tuesday, October 19, 2010 - 7:39am | 147Citi is reiterating its Buy rating with a target price of $160 following IBM's (NYSE: IBM) 3Q results. Third quarter revenue of $24.3B came in slightly above Citi's/consensus estimates of $24.2B/$24.1B. GAAP Diluted EPS of $2.82 was above Citi's/consensus estimate of $2.73/$2.75 on lower tax rate...
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A Peek Into The Market Before The Trading Starts
Tuesday, October 19, 2010 - 7:37am | 482Pre-open movers US stock futures were mixed, after Apple Inc (NASDAQ: AAPL) issued conservative projections for the present quarter. Investors are also awaiting another heavy round of earnings today. Futures on the Dow Jones Industrial Average were up 16 points to 11,061, while S&P 500 futures...
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J.P. Morgan Maintains Apple Price Target Amid Gross Margin Setbacks
Tuesday, October 19, 2010 - 7:28am | 119Shares of Overweight-rated Apple, Inc. (NASDAQ: AAPL) may come under near-term pressure, but J.P. Morgan believes that this is a phenomenon that should pass quickly. Gross margins of 36.9% were below Street consensus expectations of 38%. Meanwhile, iPad units came in below elevated investor...
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Piper Jaffray Positive On AT&T (T)
Tuesday, October 19, 2010 - 7:22am | 168Piper Jaffray is positive on AT&T Inc. (NYSE: T), after hearing that Apple Inc. (NASDAQ: AAPL) sold more iPhone's yesterday than expected. It has an Overweight rating on shares, to go with a $32 price target. In a note sent to clients, Piper Jaffray writes, "Apple reported 14.1M iPhones were...
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US Stock Futures Mixed As Apple Issued Conservative Quarterly Guidance, Earnings In Focus
Tuesday, October 19, 2010 - 7:13am | 315US stock futures were mixed, after Apple Inc (NASDAQ: AAPL) issued conservative projections for the present quarter. Investors are also awaiting another heavy round of earnings today. Futures on the Dow Jones Industrial Average were up 16 points to 11,061, while S&P 500 futures moved down 2.50...
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Stocks To Watch For October 19 (AAPL, GS, IBM, YHOO, VMW)
Tuesday, October 19, 2010 - 4:14am | 244Some of the stocks that may grab the investor focus today are: After yesterday's closing bell, Apple Inc (NASDAQ: AAPL) reported its FQ4 net income at $4.64 per share, up from $2.77 per share, in the year-ago quarter. The company's revenue surged 67% y/y to $20.34 billion. AAPL shares lost 6.13% to...
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Get a 6% Yield from IBM
Tuesday, October 19, 2010 - 3:03am | 383Let's say you are an income investor who wants to diversify into technology. You like International Business Machines (IBM) but the stock only yields 1.8%. So what's an income investor to do? Look into CorTS, which are Corporate-Backed Trust Securities. These are basically investments backed by...
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Four ETFs To Play Apple's $20 Billion Revenue Quarter (QQQQ, XLK, IYW, VGT, AAPL)
Monday, October 18, 2010 - 10:23pm | 152Once again, technology giant Apple (NASDAQ: AAPL) crushed upwardly revised guidance for the company's fiscal 4th quarter 2010 reporting an all-time record in quarterly revenues and earnings(...)Read the rest of Four ETFs To Play Apple's $20 Billion Revenue Quarter (QQQQ, XLK, IYW, VGT, AAPL)...
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Apple Inc. Eats Everyone's Lunch - Analyst Blog
Monday, October 18, 2010 - 8:42pm | 670The highly anticipated earnings report for Apple Inc.'s (AAPL) once again crushed upwardly revised guidance for the company's fiscal 4th quarter 2010. Apple Inc. reported new all-time records in quarterly revenue and earnings: $20.34 billion and $4.31 billion, respectively. Earnings per share...
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Markets Await the Earnings Blitz - Voice of the People
Monday, October 18, 2010 - 8:42pm | 629Zacks' Voice of the People Highlights user inthemoneystocks: "Markets Await the Earnings Blitz" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Markets Await the Earnings Blitz The markets are hovering slightly higher on the day...
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Fast Money Picks For October 19th (FCX, PCG, IBM, HPQ)
Monday, October 18, 2010 - 7:12pm | 224On CNBC's Fast Money, Tim Seymour said that it is time to take profits in Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX). Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) fell 1.78% in the regular trading session, and it extended its losses in the after hours, dropping additional 0.88%. Guy...
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Benzinga's After Hours Movers (AAPL, VMW, CWTR, INFN, IBM)
Monday, October 18, 2010 - 6:51pm | 143All of the significant after hours activity on Monday is earnings related, and all of the stocks trading heavy volume are moving lower. Coldwater Creek pre-announced an EPS loss of $0.14 to $0.19 for its fiscal third quarter. The company had previously guided to a profit of $0.01 to $0.04 per share...