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Afternoon Market Update
Wednesday, October 6, 2010 - 11:05am | 176US Energy stocks rose again, after posting healthy gains in the earlier session. The NYSE Arca Oil Index (XOI) gained about 0.37%, while the NYSE Arca Natural Gas Index (XNG) moved up about 0.23%. However, the Philadelphia Oil Service Index (OSX) fell about 0.07%. Shares of Diamond Foods Inc (...
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HP To Launch New Handsets Into Jaws Of Competive Market
Wednesday, October 6, 2010 - 10:54am | 168Hewlett-Packard (NYSE: HPQ) made a mistake when it bought Palm. It is about to make a much more costly mistake in launching a series of smartphones that run the rickety Palm webOS, scheduled for early next year. The mobile operating system was a failure for Palm. There is no reason to believe that...
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ADI: Lean And Mean. Initiating With A Neutral
Wednesday, October 6, 2010 - 9:27am | 123Analog Devices Inc. (NYSE: ADI) captures almost 68% of revenues from industrial and communications markets which have been less prone to consumer slowdown. Sterne Agee initiates a Neutral Rating. In a report Stern Agee writes, "We believe combined with strength in key industrial automation and...
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Will Android Ever Be Profitable For Google? Probably Not
Wednesday, October 6, 2010 - 8:59am | 278Google Inc. (NASDAQ: GOOG) is testing the old “why buy the cow if the milk is free” cliché with the Android Mobile OS. The question remains whether the search engine giant will ever earn a nickel from the system, which it gave away for free. So far, Google's plan is working brilliantly. Data...
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Mad Money Lightning Round: Cramer Bullish On IBM; Likes EMC, MedQuist, Allscripts-Misys (IBM, TTM, F, EMC, VMW, CMG, MEDQ, MDRX)
Wednesday, October 6, 2010 - 6:19am | 221On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he has not been recommending International Business Machines (NYSE: IBM), but its chart is looking so good. He added, “Its time to get bullish." For Tata Motors (NYSE: TTM), he said, "This is being swept up by the whole Indian...
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Nasdaq ETF's Rally Hinges On Apple Inc. (QQQQ, AAPL)
Tuesday, October 5, 2010 - 9:21pm | 308“PowerShares QQQ has benefited from the Nasdaq-100 Index's out-performance versus major stock benchmarks recently, but its path is closely linked to tech giant Apple Inc. (NASDAQ: AAPL), which(...)Read the rest of Nasdaq ETF's Rally Hinges On Apple Inc. (QQQQ, AAPL) Copyright 2010 ETFDAILYNEWS.COM...
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Dramatic Rally Sweeps Across Wall Street (SPY, QQQQ, GLD, USO, TLT, UUP)
Tuesday, October 5, 2010 - 5:34pm | 319Stocks rallied on Tuesday after the Bank of Japan announced renewed easing measures and the ISM Services number came in better than expected. The Dow Jones Industrial Average closed 193 points higher at 10,945. The widely watched blue-chip index traded in a range between 10,753 and 10,966. The...
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Apple (AAPL) Has A Winner In The iPad
Tuesday, October 5, 2010 - 2:18pm | 102Apple (AAPL) has sold millions of iPads to customers across the world. These customers love their new tablet PC's and may become lifelong Apple users. In a recent study done by the American Customer Satisfaction Index, the iPad is a hit with Apple cuatomers. Apple received an 86 rating out of 100...
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Three Stocks At Or Near Major Double Tops
Tuesday, October 5, 2010 - 12:35pm | 276As the markets continue to resist any sort of pull back or correction, many stocks have soared to major levels. We are seeing quite a few hit not only 2010 highs but even approach all time highs hit back in 1999. Below are three stocks that are at or nearing master double top resistance points....
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Petrom and IBM Team Up for 10-Year Agreement
Tuesday, October 5, 2010 - 11:52am | 57IBM (NYSE: IBM) and Petrom have entered into a 10-year, multi-million dollar data center services agreement. IBM will take over the operation of Petrom's data center infrastructure to deliver industry-leading services to Petrom; Osterreichische Mineralolverwaltung, an oil and gas exploration and...
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Equties Surge; Deutsche Bank, Harley & Juniper Leading (DB, HOG, JNPR)
Tuesday, October 5, 2010 - 11:51am | 194U.S. equities are surging this morning, following the strong banking, tech, and energy sectors. The S&P 500 is up more than 1.8% Tuesday, to $1,158. Shares of Deutsche Bank (NYSE: DB) are higher by more than 3.9%, to $56.42. Morgan Stanley (NYSE: MS), Citigroup (NYSE: C), Bank of America (NYSE...
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Capital Exits the First World in Search of Thriving Emerging Markets
Tuesday, October 5, 2010 - 11:33am | 413The emerging markets are melting up. Year-to-date, it's the stock markets of some of the emerging economies that have enjoyed dramatic moves to the upper right hand corner of the chart: Indonesia (+38.2%), Chile (+34.4%), the Philippines (+34.3%), Thailand (+32.8%), and Peru (+26.1%). Indeed,...
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Droid Does.. Everywhere (GOOG, AAPL, RIMM)
Tuesday, October 5, 2010 - 11:07am | 127Google's (NASDAQ: GOOG) Android operating system is now the most popular operating system in the U.S., according to Neilsen & Co. Android has now topped the Apple (NASDAQ: AAPL) iPhone, and Research in Motion's (NASDAQ: RIMM) Blackberry, in the last 6 months among smart phone buyers. Given that...
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Arrow ECS Signs Exclusive Agreement To Deliver ‘Butterfly' Analysis Tool (ARW, IBM)
Tuesday, October 5, 2010 - 10:53am | 92Arrow Enterprise Computing Solutions, a business segment of Arrow Electronics Inc. (NYSE: ARW), has signed an agreement with Backup Migrator Ltd. to provide an analysis and migration tool for backup and recovery for its IBM (NYSE: IBM) resellers. Branded “Butterfly” and available exclusively to...
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Apple & Google Strong Today (AAPL, GOOG)
Tuesday, October 5, 2010 - 9:58am | 110Shares of Apple (NASDAQ: AAPL) and Google (NASDAQ: GOOG) are particularly strong today, each gaining more than 1.5% to help lead the Nasdaq today. Apple at last check was up $6.29 to $284.93, a gain of 2.26%. Apple has been hovering around the $285 mark recently, and may been consolidating some...