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Gold Reaches $1388, $2 Shy of $1390 Overnight Target
Thursday, October 14, 2010 - 8:57am | 235Short term Elliott waves appear to be completing on jobless claims Thursday for Gold since the Spike Tuesday low of September 28. Gold appears to be in a 5th wave off the September 28 low. This Thursday high would also appear to be a Wave 3.5 high, not a 5:5 high. The 5:5 could be pushed into next...
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Mad Money Lightning Round: Cramer Prefers Bed Bath & Beyond, Best Buy and TJX Companies To Saks (SKS, ROST, HD, BBBY, BBY, TJX, ARMH, AAPL, SWKS, CRUS, EP, ETP, NRGY, JNJ, ABT, TEN, JCI)
Thursday, October 14, 2010 - 5:48am | 328On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he believes Saks (NYSE: SKS) is overvalued “given its fundamentals.” He likes Ross Stores (NASDAQ: ROST) or Home Depot (NYSE: HD) which is “down a lot.” He prefers Bed Bath & Beyond (NASDAQ: BBBY), Best Buy (NYSE: BBY) and TJX...
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Gabelli Says He Wouldn't Own Apple (AAPL)
Wednesday, October 13, 2010 - 4:13pm | 277Top investor Mario Gabelli of Gabelli Funds spoke with Bloomberg Television's Tom Keene today about his media investments. Gabelli said he wouldn't own shares of Apple (NASDAQ: AAPL), which rose above $300 for the first time today, even as one of his GAMCO Investors Inc. funds holds the maker of...
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Unconfirmed Rumors that Hewlett-Packard Company (HPQ) will buy Radware Ltd. (RDWR) at $53.00 a share
Wednesday, October 13, 2010 - 1:57pm | 28Unconfirmed Rumors that Hewlett-Packard Company (HPQ) will buy Radware Ltd. (RDWR) at $53.00 a share..
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Market Roundup (LCC, GOL, DAL, IBM, WMB, WPZ)
Wednesday, October 13, 2010 - 12:34pm | 303US Airline stocks rose along with broad equity markets today. The top gainers in the list comprise US Airways Group (NYSE: LCC), Gol Linhas Aereas (NYSE: GOL) and Delta Air Lines (NYSE: DAL). The NYSE Arca Airline Index gained about 1.1%. IBM Corp (NYSE: IBM) has purchased a privately held software...
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IBM and NV Energy Team on Smart Grid Deployment
Wednesday, October 13, 2010 - 12:13pm | 68IBM (NYSE: IBM) today announced that it is the systems integrator for NV Energy's Advanced Service Delivery project that includes smart grid technology, advanced meter infrastructure and meter data management. NV Energy, serving 1.4 million electric and gas customers in Nevada, is leading a...
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Major Rally Underway (SPY, QQQQ, XLF, AAPL)
Wednesday, October 13, 2010 - 11:16am | 141Stocks are currently hitting the highs of the day. The Dow Jones Industrial Average has gained 118 points and is currently trading at 11,139. The SPDR S&P 500 ETF (NYSE: SPY) is up 0.77% to $117.91. The PowerShares QQQ Trust ETF (NASDAQ: QQQQ), which tracks the performance of the Nasdaq 100,...
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Diebold Downgraded to Neutral
Wednesday, October 13, 2010 - 9:43am | 23Diebold (NYSE: DBD) is downgraded to Neutral at Sidoti. Diebold is currently down 2.13% trading at $31.69
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IBM Acquires PSS Systems (IBM)
Wednesday, October 13, 2010 - 9:39am | 80IBM (NYSE: IBM) today announced that it has acquired PSS Systems, a privately held company based in Mountain View, Calif. Financial terms of the deal were not disclosed. PSS Systems' software helps organizations analyze, automate and implement information governance policies across massive amounts...
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Unconfirmed Rumors that Apple Inc. (AAPL) will acquire VirnetX Holding Corp (VHC) at $33.00 a share
Wednesday, October 13, 2010 - 9:36am | 52Unconfirmed Rumors that Apple Inc. (AAPL) will acquire VirnetX Holding Corp (VHC) at $33.00 a share. Neither company could be reached for comment (VHC) (AAPL).
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Apple iPad to Face Tough Competition From Android Tablets
Wednesday, October 13, 2010 - 7:50am | 254Apple, Inc. (Nasdaq: AAPL) has been having great success with its iPad since it was released earlier this year, but over the next couple of years it could see its market share come under increased pressure from Google, Inc. (Nasdaq: GOOG) Android Tablets. Since launching the iPad, Apple has sold...
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Apple iPhone 4 Screen Flaw: It Shatters Like Glass
Wednesday, October 13, 2010 - 7:39am | 152Apple Inc (NASDAQ: AAPL) has a new problem with its iPhone 4. The screen on the smartphone is prone to shattering. Warranty firm SqaureTrade claims that the iPhone 4 screen is 82% more likely to break than the screen on an iPhone 3GS. Apple has already had problems with the antenna on the iPhone 4...
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Expectations, Earnings Help Cause VIX Drop 10-12-2010
Tuesday, October 12, 2010 - 2:58pm | 976Cusick's Corner The earnings cycle is upon us and some big names are set to kick off this cycle today and tomorrow. Now some traders may be becoming a little complacent after the VIX, (CBOE Volatility Index) dropped yesterday from the mid 20's (22.18) to 19 -- with that kind of a drop would look...
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Market Roundup (EK, VZ, INTC, MOTR, AAPL, MSFT, CSCO, YHOO, BRCM)
Tuesday, October 12, 2010 - 12:45pm | 357Fitch Ratings has lowered the rating outlook on Eastman Kodak Co (NYSE: EK) from “stable” to “negative.” Fitch has affirmed its issuer default rating of “B-” on the company. Fitch said, "The negative outlook reflects Kodak's continued struggles to gain traction in its digital business segments as...
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What's Hot on TheStreet
Tuesday, October 12, 2010 - 12:15pm | 314Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet What Is Dell's Deal? Dell (NASDAQ: DELL), faced with increasingly stiff competition and an uncertain PC market, is at a crossroads. The tech giant is scrambling to catch up with Apple (NASDAQ: AAPL) and Research...