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Check Out Intra-Day Apple Chart (AAPL, QQQQ)
Thursday, September 23, 2010 - 3:36pm | 140Do you want to know why the markets rolled over this afternoon? Look at the abysmal trading in financial stocks throughout the session and look at the chart of Apple (NASDAQ: AAPL). Whoa! What just happened? Apple makes up a ridiculous 20% of the Nasdaq 100, and by extension, the heavily traded...
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IBM Opens Three New Analytics Centers (IBM)
Thursday, September 23, 2010 - 3:19pm | 126IBM (NYSE: IBM) today announced three new Europe-based centers focused on analytics in Zurich, Switzerland, Budapest, Hungary and Vienna, Austria – part of a network of global centers addressing the emerging market for advanced analytic capabilities needed to drive improved business decision-making...
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iPhone Not Leaving AT&T Anytime Soon
Thursday, September 23, 2010 - 2:00pm | 127There has been alot of speculation that the iPhone would soon lose its exclusivity with AT&T (NYSE: T) and possibly make a move to Verizon (NYSE: VZ). In a recent AP report, Verizon CEO Ivan Seidenberg spoke to an investor conference Thursday saying, he "hopes Apple (NASDAQ: AAPL) will come...
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Markets Continue Their Upward Swing
Thursday, September 23, 2010 - 12:27pm | 336The markets opened sharply lower today, only to reverse and head higher. After ugly European PMI economic data and U.S. Jobless Claims that came in slightly worse than last week, the markets saw their first major red open in weeks. The SPDR S&P 500 ETF (NYSE: SPY) dropped down to $112.49 after...
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IBM's Cryptographic Module Receives FIPS 140-2 Certification (IBM)
Thursday, September 23, 2010 - 12:09pm | 93IBM's (NYSE: IBM) z/OS® Version 1 R. 10 System SSL Cryptographic Module recently received FIPS 140-2 Level 1 certification. The Federal Information Processing Standard 140-2 (FIPS 140-2) describes the US federal government's requirements for IT products in sensitive, but unclassified use. It...
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Thursday's Mid-day Options Volume Leaders (AAPL, BAC, NFLX, PBR, C)
Thursday, September 23, 2010 - 11:18am | 156The overall market is flirting with the upside this morning, following a notably lower opening; currently, the S&P 500 (CBOE: SPX) is lower by only 1.24 points, trading at $1,133.20. Tech stocks are outperforming today. Here are your mid-day options volume leaders… 1. Apple Inc. (NASDAQ: AAPL...
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IBM Delivers the First zEnterprise Mainframe to Swiss Re (IBM)
Thursday, September 23, 2010 - 9:22am | 64IBM (NYSE: IBM) today announced it has shipped the first two generally available IBM zEnterprise 196 mainframe systems to Swiss Re. The zEnterprise System represents one of the most significant updates in nearly 50 years of IBM mainframes, incorporating new technology that enables it to manage...
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Adobe: A Case For Trend Trading
Wednesday, September 22, 2010 - 11:21pm | 1222By Dian L. Chu, Economic Forecasts & Opinions Adobe Systems Inc. (ADBE) shares got slammed big time on Wednesday in heavy volume after the company gave a weaker-than-expected guidance for its fiscal fourth quarter. Price plunged 19% to $26.52 in after hour trading after hitting a 52-week low...
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Fast Money Picks For September 23rd (QCOM, AAPL, VZ, STT, SLW, IWM, ADBE)
Wednesday, September 22, 2010 - 7:16pm | 246On CNBC's Fast Money, Brian Kelly suggested investors to sell short State Street Corporation (NYSE: STT) on Thursday. He doesn't like its exchange traded fund. State Street Corporation (STT) fell 2.30% on Wednesday, and closed at $37.75. Stephen Weiss hopes that QUALCOMM, Inc. (NASDAQ: QCOM) will...
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Stocks Lose A Little Steam (SPY, QQQQ, GLD, USO, TLT, UUP, XLF)
Wednesday, September 22, 2010 - 5:13pm | 444Stocks lost a little bit of their mojo on Wednesday. After briefly making a run into positive territory early in the day, the major indices remained under pressure for the rest of the trading session. The Dow Jones Industrial Average closed around 22 points lower at 10,739. The Dow was the best...
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Could QLogic Be A Takeover Candidate?
Wednesday, September 22, 2010 - 2:29pm | 219There were rumors on Wall Street that Brocade (NASDAQ: BRCD) may be the subject of IBM's (NYSE: IBM) affections in a takeover. That got me thinking. Could QLogic (NASDAQ: QLGC) get acquired also if Brocade can? Brocade is no tech hotshot by any means, with slow revenue growth and more cash than...
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Betting on the Relationship Between Stocks and Political Cycles
Wednesday, September 22, 2010 - 1:54pm | 435So far, the month of September has proven the pundits wrong. After an awful August -- when the S&P 500 fell 4.7% as fears mounted about deflation and a double dip -- a lot of stock-market gurus bet that this month would also be a bad one for investors. (To see Michael Thomsett's viewpoint on...
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Apple Has Added More To Its Market Cap In 2 Weeks Than It Has Earned In 3 Years (AAPL)
Wednesday, September 22, 2010 - 1:53pm | 137Just how dramatic has Apple's (NASDAQ: AAPL) run higher over the last month been? The stock has moved in almost a straight line from $240 to $286.60 during Wednesday's trading session. This amounts to a little more than 11%. In just the last two weeks, AAPL has added more to its market cap than the...
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GE Looks To Be An M&A Player
Wednesday, September 22, 2010 - 1:44pm | 271There has been plenty of deal-making going on lately though GE has not been any part of it. General Electric (NYSE: GE) has been sitting out of M&A's lately. In a recent Reuters report, GE vice chairman John Rice said, “We have a number of opportunities that are in the pipeline, some closer...
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Brocade Jumping On IBM Rumor
Wednesday, September 22, 2010 - 12:22pm | 93Shares of Brocade Communications Systems, (NASDAQ: BRCD) are sharply higher today, gaining more than 10% after rumors surfaced that IBM (NYSE: IBM) may be looking at the company. Brocade supplies end-to-end Internet protocol based Ethernet and storage area networking solutions for enterprises and...